Deal-chasing private equity giant Kohlberg Kravis Roberts (KKR) is set to acquire Norwegian shipowner Ocean Yield. The two companies announced Monday that U.S.-based KKR will take control of Ocean Yield for a cash payment of $4.70 per share. The offer price implies a total valuation of about $830...
The European Marine Energy Centre (EMEC) and a consortium of UK industry experts have joined forces to explore green solutions for ferries as well as shore-side activities in ports to speed up...
[By: Vessel Vanguard] Vessel Vanguard, a subsidiary of Baxter Marine Group, today announces the release of its full suite of marine maintenance and safety management platforms, Vessel Vanguard LTE, Vessel Vanguard PRO, and Vessel Vanguard SMS. Rebuilt from the Ground Up Following the acquisition of WheelHouse Technologies and Vessel...
Danish shipping giant A.P. Moller – Maersk has acquired HUUB, a Portuguese cloud-based logistics startup. The post Maersk acquires Portuguese logistics startup appeared first on Offshore Energy. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] [ad_2] News source: http://feeds.feedburner.com/worldmaritimenews...
Wire ropes have been used successfully for connecting offshore unit anchor systems for over 30 years. However, these ropes are submersed in saltwater and suffer from contamination buildup when they dragged over the seabed while being spooled in. This salt-encrusted mud causes premature corrosion and...
Søren Skou, CEO of the world's biggest container shipping company Maersk, has called on the UN maritime body to determine the end date for the use of fossil fuels in the shipping industry. The post...
Iran has admitted that U.S.-imposed sanctions have effectively blocked its effort to upgrade its maritime fleet, forcing the country to depend on overstretched local capacity for newbuilds and maintenance. In 2018, citing security risks from Iranian covert operations and nuclear-missile R&D, the Trump administration imposed stiff sanctions penalties on most business...
South Korean shipbuilder Samsung Heavy Industries has been in talks with Russian contractors to build icebreaking LNG carriers for $2.6 billion. The post Samsung Heavy eyes Russian icebreaking LNG...
The Port of Calais has inaugurated a new extension that has been under construction since 2015. The revamped port includes a two-mile dike, 220 acres of additional docking area, three new ferry berths and new buildings for operations and reception of port customers. The new extension of the...
Norwegian energy company Gen2 Energy and Vefsn municipality have teamed up on the purchase and sale of two plots in Mosjøen for large scale production and shipping of green hydrogen. The post Gen2...
