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Dubai-based logistics heavyweight DP World and Saudi Arabia-based Hassana Investment Company, the investment manager for the General Organisation for Social Insurance (GOSI), have agreed on an investment of approximately $2.4 billion in three of DP World’s flagship UAE assets.  The post Saudi Arabia’s Hassana pumps $2.4bln into...

National Transportation Safety Board Chair Jennifer Homendy welcomed maritime safety improvements in the James M. Inhofe National Defense Authorization Act for Fiscal Year 2023, which the President signed into law today. The legislation advances NTSB recommendations for amphibious vessels known as DUKW boats and requires the...

South Korean Hyundai Heavy Industries Group has changed its name to HD Hyundai, the […] The post Hyundai Heavy Industries Group changes its name appeared first on Offshore Energy. [ad_2] News source: http://feeds.feedburner.com/worldmaritimenews Go to original post...

After failing to secure a merger partner and facing deepening losses, Danish shipping company Nordic Shipholding is set to liquidate its operations next year. Nordic Shipholding announced that at an extraordinary general meeting, its shareholders have resolved to liquidate the company voluntarily, bringing an end to...

A criminal investigation is underway regarding a bomb threat on board a containership identified […] The post Bomb scare diverts MSC Lorena from Antwerp appeared first on Offshore Energy. [ad_2] News source: http://feeds.feedburner.com/worldmaritimenews Go to original post...