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 »
Listed bunker company Aegean Marine Petroleum has entered a memorandum of understanding with Mercuria Energy Group for a billion dollar refinancing and strategic partnership, says a company press release. Aegean Chairman and independent director of the…
Aegean Brings in Mercuria Energy Read More »
Malayasia-based MISC Berhad has secured a long-term charter contract from Hess Exploration and Production Malaysia for the lease of a floating, storage and offloading facility (FSO) known as FSO Mekar Bergading on a bareboat basis. The long…
MISC Bags USD 441mln 16-year Charter Contract from Hess Read More »
International Bunker Industry Association (IBIA) is continuing its efforts for IMO to adopt guidelines ahead of 2020 that will promote a uniform approach to fuel oil testing and reporting protocol for the verification of compliance with MARPOL Annex VI…
IBIA Promotes Sensible Approach to Sulphur Testing Read More »