Deal News

Smart Green Shipping raises funds from MOL and Scottish Enterprise

Smart Green Shipping, a developer of commercially viable solutions to lower emissions in the maritime sector, has raised £1.35m in…

ForestWave acquires Symphony Shipping and its Ecobox fleet

Shipping company ForestWave has concluded the purchase of Symphony Shipping and its fleet of eight Ecobox vessels for an undisclosed…

TORM to buy seven LR1 vessels for $233m

Danish shipping company TORM has signed two separate cash deals worth around $233m for the acquisition of seven LR1 tanker…

OSM Maritime to merge with Thome to create ship management company

Norway-based ship management services firm OSM Maritime Group and Thome Group have agreed to a merger to create a ship…

China’s Cosco Shipping to acquire $814m stake in COFCO Fortune

Chinese state-run shipping company Cosco Shipping Holdings has agreed to acquire a 5.8% interest in COFCO Fortune for CNY5.5bn ($814m),…

KSOE secures $784m order for three LNG vessels

Korea Shipbuilding and Offshore Engineering (KSOE) has received an order worth $784m (KRW971bn) for the construction of three large liquefied…

Fredriksen spends $70m to increase stake in Euronav

Shipping tycoon John Fredriksen, the backer of oil tanker firm Frontline, has increased his holding in Belgian tanker giant Euronav.…

Port of South Louisiana to acquire Avondale Global Gateway for $445m

Port of South Louisiana (Port SL) has reached a deal with terminal operator T Parker Host to purchase the Avondale…

Oil tanker firm Frontline announces termination of merger with Euronav

New York and Oslo-listed oil tanker firm Frontline has announced the termination of a merger agreement with Brussels-listed rival Euronav.…

BWC acquires IMTT’s Gretna terminal in US

BWC Terminals has purchased a bulk liquids storage terminal located in Gretna, Louisiana, US, from New Orleans-based IMTT. With truck,…