December 6th, 20181Canadian National Railway has put in a preliminary joint bid to buy the largest shipping terminal in eastern Canada, with a view of stealing some of New York’s container business.
CN’s CEO, Jean-Jacques Ruest , interviewed by the Financial Post yesterday, said the company aimed to make the 30 ha Halterm Container Terminal in...
November 26th, 20180A deal announced last month by Horizon Maritime Services and Nordic American Offshore (NAO) to combine the two companies has been called off.
"The contemplated business combination, involving NAO and a group in Eastern Canada (Horizon Maritime), has been shelved as it has been decided not to move forward at this time,” NAO said in a...
November 12th, 20183Canada’s Algoma Central Corporation has grown its tanker fleet to seven with the acquisition of a 2008-built product tanker.
Algoma did not reveal the identity of the vessel or the seller, although said it will rename the tanker Algonorth.
“We are extremely pleased to add a vessel to our Algoma Tankers Limited fleet as...
October 30th, 20180Teekay Offshore Partners has entered into settlement agreement with Petrobras, ending disputes relating to previously-terminated charter contracts of the HiLoad DP and floating accomodation unit.
Petrobras has agreed to pay a total amount of $96m to Teekay Offshore, with $55m payable unconditionally within 30 days. The remaining...
October 22nd, 20180Singapore’s Sembcorp Marine has been awarded a contract by Teekay Offshore Partners for the modification, repair and life extension of the FPSO.
The contract scope includes engineering, fabrication, installation and integration of the topside process skid; overhauling of existing internal turret and power generation; and repair and...
October 17th, 20180A Canadian crewmember from handysize bulk carrier died after he fell off the ship into the St Lawrence Seaway on Tuesday.
According to local reports, the 57-year-old Canadian man lost his balance and fell into the water while he was tying the ship off prior to entering the Eisenhower Locks.
St Lawrence Seaway employees entered the...
October 4th, 20180Singapore’s Swiber Group has been saved by Seaspan, the Canadian containership operator, which is making what it says will be a one-off investment in the offshore business, investing $200m in the struggling offshore firm.
New York-listed Seaspan surprised the markets yesterday inking a binding term sheet for 80% of Swiber’s...
October 4th, 20180Pula-based shipyard Uljanik has lost another shipbuilding contract as the Canadian group Algoma Central Corporation officially unilaterally rescinded the contract for the construction of one ship for the transportation of bulk cargo with self-unloading system for the Great Lakes. The reason give is the “impossibility of Uljanik d.d. to...
October 2nd, 20180Supported by Canadian investor John Risley, Canada’s Horizon Maritime Services has entered into a memorandum of understanding with Nordic American Offshore to combine the two companies.
The deal, which is subject to due diligence and the execution of a binding agreement before the end of this month, would see Horizon take a 52% in...
September 19th, 20180John Fredriksen’s Seadrill Partners has been awarded a contract by ExxonMobil Canada for 2009-built semi-submersible rig .
The contract will start between May and July 20198 and is for one well, with multiple options, and worth around $24m.
West Aquarius is currently operating off Nova Scotia for BP Canada....
