Wärtsilä divests its pump business
OCTOBER 31, 2018 — Wärtsilä reports that it has divested its pumps business to Solix Group, a Scandinavian investment company with offices in Copenhagen, Denmark and Malmö, Sweden. The business had sales
OCTOBER 31, 2018 — Wärtsilä reports that it has divested its pumps business to Solix Group, a Scandinavian investment company with offices in Copenhagen, Denmark and Malmö, Sweden. The business had sales
OCTOBER 30, 2018 — Matson, Inc. (NYSE: MATX) has launched a new direct U.S. flag service between Honolulu and the Republic of the Marshall Islands (RMI), reducing cargo transit times from the
OCTOBER 30, 2018 — Spanish naval architectural and marine design firm Oliver Design has signed a contract with the U.K.’s Magna Carta Steamship Company to carry out extensive alterations on a 2012-built
OCTOBER 30, 2018 – Deltamarin and Elomatic, both based in Turku, Finland, have signed an agreement with Genting Hong Kong subsidiary MV Werften Wismar GmbH for the basic and detail design of
OCTOBER 29, 2018 — Private equity investment firm J.F. Lehman & Company (JFLCO) reports that an investment affiliate has acquired International Marine & Industrial Applicators, LLC and Craft and Technical Solutions, LLC
OCTOBER 29, 2018 — Okeanis Eco Tankers Corp. has secured firm commitments for two secured loan facilities for an aggregate amount of $116.3 million from Credit Suisse AG and BNP Paribas in
OCTOBER 29, 2018 — Classification society ABS has introduced comprehensive guidance providing the marine and offshore industries a goal-based framework to enable data-driven decision making based on smart technology. The ABS Guidance
OCTOBER 26, 2018 — The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) yesterday announced North Korea-related designations of two Singapore based entities and one individual, while the U.S.
OCTOBER 26, 2018 — Wärtsilä is to provide the ship design for a state-of-the-art factory fishing trawler to be built for RK Lenina at the Yantar shipyard, Kaliningrad, Russia. The vessel will
OCTOBER 26, 2018 — Norwegian cruise operator Hurtigruten has signed a memorandum of understanding with shipbuilder Kleven Verft AS for the construction of a third hybrid powered expedition cruise ship. The 530-passenger