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…
Danish shipping company TORM has signed two separate cash deals worth around $233m for the acquisition of seven LR1 tanker…
Norway-based ship management services firm OSM Maritime Group and Thome Group have agreed to a merger to create a ship management company, which will be named OSM Thome. With the…
Chinese state-run shipping company Cosco Shipping Holdings has agreed to acquire a 5.8% interest in COFCO Fortune for CNY5.5bn ($814m), reported Reuters. The purchase of this stake in the logistics…
Korea Shipbuilding and Offshore Engineering (KSOE) has received an order worth $784m (KRW971bn) for the construction of three large liquefied natural gas (LNG) carriers. Placed by an unnamed shipping firm…
Shipping tycoon John Fredriksen, the backer of oil tanker firm Frontline, has increased his holding in Belgian tanker giant Euronav. Fredriksen’s investment vehicle, Famatown Finance, obtained an additional 5.12 million…
Port of South Louisiana (Port SL) has reached a deal with terminal operator T Parker Host to purchase the Avondale Global Gateway facility for $445m. The 254-acre logistics facility is…
New York and Oslo-listed oil tanker firm Frontline has announced the termination of a merger agreement with Brussels-listed rival Euronav. The proposed all-stock merger would have created the largest publicly-listed…