Hyundai Samho Heavy Industries has signed a $370m contract with Consolidated Marine Management (CMM) for building two 174,000m³ liquefied natural gas (LNG) carriers.
Based in South Korea, Hyundai Samho is a shipbuilding firm, while CMM provides operational, technical, financial, and ship-building services.
LNG vessels will be equipped with Hyundai Samho’s Hi-ERS reliquefaction, Hi-ReGAS regasification, and bunkering fuel supply systems.
E2open has acquired INTTRA for an undisclosed sum.
Based in the US, E2open is a provider of cloud-based software for supply chains, while INTTRA is an ocean shipping network, software, and information services provider.
The combined business will offer real-time end-to-end visibility, which will have the capacity to monitor and react to changing global needs.
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It will enable better usage of logistics capacity with enhanced visibility in manufacturing forecasts and shipping needs.
E2open will offer ‘INTTRA by E2open’ as a product offering to enable transportation management and port system integrations for INTTRA customers.
Capital Product Partners (CPLP) has entered a $1.65bn agreement to merge its crude and product tanker business with DSS subsidiaries.
Headquartered in Greece, CPLP is a global and diversified shipping company, while DSS is a private shipping firm and international owner of the product and crude tankers.
CPLP will initially spin-off its crude and product tanker business into a separate new company, which will be named as Diamond S Shipping.
Diamond S Shipping’s assets portfolio will include CPLP and DSS combined product and crude tanker fleet of 68 tankers (52 product tankers and 16 crude tankers), with an average age of 7.8 years.
The new company will be headquartered in the US and will have post close net debt to fleet value of 60% and total liquidity of more than $90m.