Maersk Line to pay $4 billion to acquire Hamburg Sud

APRIL 28, 2017 — A.P. Møller – Mærsk AS said today that the sale and purchase agreement for Maersk Line’s acquisition Hamburg Süd has now been approved by the boards of Maersk

Successful first year for methanol-fueled ships

APRIL 27, 2016 — Vancouver, Canada, headquartered Methanex — the world’s largest producer and supplier of methanol —reports that this month marks one year since its subsidiuary, Waterfront Shipping (WFS), began welcoming

Wilhelmsen inks $400 million deal for Drew Marine tech solutions

APRIL 27, 2016 — Lysaker, Norway, headquartered Wilh. Wilhelmsen Holding ASA has signed an agreement to acquire the technical solutions business from Drew Marine, a manufacturer and provider of advanced performance chemicals

Gondan launches first SOV to be built in Spain

APRIL 27, 2016 — Spain’s Gondan Shipbuilders reports that its Figueras, Asturias, shipyard has launched the first offshore wind SOV (Service Operation Vessel) to be built in Spain. The event was attended

Frontline spat with DHT moves to the Marshall Islands

APRIL 27, 2016 — John Fredriksen’s Frontline Ltd.(NYSE/OSE: FRO) is continuing its effort to acquire DHT Holdings, Inc. (NYSE: DHT). Should it succeed the resulting merged company would become the world’s second

Hyundai Heavy reports fifth profitable quarter in a row

APRIL 27, 2016 — Hyundai Heavy Industries (HHI) today reported its results for the first quarter, ended March 31, 2017 Net profit was recorded at 462.3 billion ($409.6 million) making the period

Becker reports continued Asian market successes

APRIL 27, 2016 — Hamburg, Germany, headquartered Becker Marine Systems says that, despite the on-going crisis in the shipbuilding industry, it is continuing its successful entry into Asian markets. It is opening

Saab contracts Polish yard to build ship platform for SIGINT vessel

APRIL 26, 2017 — Saab has selected the Nauta Shiprepair Yard Gdynia, Poland, to build the ship platform for a special purpose Signal Intelligence (SIGINT) vessel for the Swedish Navy that it

Maersk partners with Microsoft for digital transformation

APRIL 26, 2017 — Maersk has joined forces with Microsoft Corp. in what’s described as “a strategic move to revolutionize supply-chain management and global trade.” Under the agreement Microsoft has been selected

MAN Diesel & Turbo unveils compact SCR for two strokes

APRIL 26, 2017 — MAN Diesel & Turbo has developed a new compact high-pressure Selective Catalytic Reduction system – MAN SCR-HP – for two-stroke engines. Based on a proven, four-stroke counterpart, the

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