Roads and Transport Authority (RTA) revealed that the total ridership of marine transit modes in Dubai has clocked 7,182,435 riders during the first half of this year. Abras (boat) accounted for the biggest number of commuters ferrying as much as 6,867…
Dubai Marine Transit Ferry 7 Million Riders in 1H 2018 Read More »
Bangladesh Communication Satellite Company Limited (BCSCL) has signed a memorandum of understanding (MoU) with the shipping ministry so that Bangabandhu-1 satellite will provide the connectivity to around 39,000 ships in the country in a year.
Bangabandhu Satellite to Link 39,000 Ships at Sea Read More »
Norwegian oil and gas major Equinor, formerly Statoil, is acquiring the Danish energy trading company, Danske Commodities for EUR 400 million (USD 470 mln). “Equinor has reached agreement to buy 100% of the shares in Danish energy trading company Dansk…
Equinor Acquires Energy Trader Danske Commodities Read More »
Wallenius Wilhelmsen, the global finished vehicle logistics provider, has signed an agreement to acquire 70% of the membership interest in Syngin Technology for an initial purchase price of USD 22 million on a cash and debt free basis. “The future of …
Wallenius Wilhelmsen Acquires Syngin Technology Read More »
China’s Cosco Shipping Holdings Co received the clearance of a U.S. national-security review body, removing a major overhang of the USD 6.3 billion deal of taking over Orient Overseas International Ltd (OOCL). According to a Reuters’ report, the U.S.
Cosco Shipping Gets US ‘Go-Ahead’ for OOCL Deal Read More »