DP World Acquires Topaz for $1 Billion
Dubai-based port operator DP World has acquired 100 percent of offshore services provider Topaz Energy and Marine for a purchase price of more than $1 billion.
Dubai-based port operator DP World has acquired 100 percent of offshore services provider Topaz Energy and Marine for a purchase price of more than $1 billion.
A BBC Chartering cargo ship briefly ran aground in Bay Bulls, Newfoundland, Canada on Sunday, but was quickly refloated by the Canadian Coast Guard and a
By Mike Wackett (The Loadstar) – South Korean carrier Hyundai Merchant Marine (HMM) is to join THE Alliance when its slot charter agreement with the 2M
Royal Dutch Shell has confirmed two fatalities from an accident during a routine lifeboat drill at its Auger tension leg platform in the U.S. Gulf of Mexico on
HONG KONG, July 1 (Reuters) – China’s two largest shipbuilders are planning to merge, their listed arms said in separate exchange filings on
By Victoria Klesty OSLO, July 1 (Reuters) – The world’s first cruise ship propelled partially by battery power is set to head out from northern
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By Antonio Denti and Wladimiro Pantaleone AGRIGENTO, Italy, July 1 (Reuters) – The German captain of a charity rescue ship appeared before a court in
By Firat Kayakiran (Bloomberg) –The world’s oil refineries could have done more to be ready in time for new rules governing the kind of fuel that
By Captain John Konrad (gCaptain) According to the World Bank, no other industry has pulled more people out of poverty worldwide. And if the world’s ships
By Elaine Lies and Masashi Kato KUSHIRO, Japan, July 1 (Reuters) – Five small ships sailed out of harbor on Monday in Japan’s first commercial
By Gavin van Marle (The Loadstar) – Today’s opening of a new container terminal at the Moroccan hub of Tangiers is likely to bring relief to a West
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China’s largest shipbuilder Dalian Shipbuilding Industries (DSIC) has delivered what it says is the world’s first “smart” Very Large
British Columbia-based Seaspan Shipyards has delivered the first Offshore Fisheries Science Vessel (OFSV), the CCGS Sir John Franklin, to the Canadian Coast
By Roslan Khasawneh SINGAPORE, June 28 (Reuters) – Singapore’s Maritime Port Authority (MPA) has suspended the bunker craft operator licence of
By Sabina Zawadzki LONDON, June 28 (Reuters) – Dutch gas prices hit 10-year lows this week, reflecting high European inventories swelled by liquefied
By Angelo Amante ROME, June 28 (Reuters) – The young German captain of a migrant-rescue ship stranded off Italy dismissed threats of arrest and
Reese B. Mitchell – On June 24, 2019, the United States Supreme Court ruled mariners’ unseaworthiness claims are ineligible for punitive damages.
The Port of Long Beach is applauding the voluntary slow down of ships calling at the port as part of the Port’s Green Flag Incentive Program, which offers
By Jeffrey Bair (Bloomberg) –U.S. East Coast ports can expect more cargoes like the one aboard the Maersk Cancun once Philadelphia Energy Solutions
By Jarrett Renshaw PHILADELPHIA, June 26 (Reuters) – Philadelphia Energy Solutions (PES) will seek to permanently shut its oil refinery in the city after
Saudi Arabian shipping company Bahri has signed a Memorandum of Understanding for the construction of the first VLCCs at the new King Salman Complex for
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By Susanna Twidale LONDON, June 27 (Reuters) – Britain’s new target to reach net zero greenhouse gas emissions by 2050 became law on Thursday,
By Mike Wackett (The Loadstar) – MSC has signed a new contract with Cargotec’s MacGregor to upgrade the container intake on six 16,000 teu vessels to
By Bloomberg News (Bloomberg) — Some of the people most eager to see a resolution in the U.S.-China trade conflict may be the crew of a ship circling in
by Captain John Konrad (gCaptain) Last week we asked the gCaptain community Are Maritime Startups Ready To Accelerate Change? and shared a handful of new
By Ahmed Eljechtimi and Ulf Laessing KSAR SGHIR, Morocco, June 26 (Reuters) – Morocco will open new terminals at Tanger Med port on Thursday, allowing it
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