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Monthly Archives: May 2019

Wärtsilä Closes Acquisition of SES

The technology group Wärtsilä strengthens its service offering by acquiring Ships Electronic Services Ltd (“SES”), a UK based company specializing in navigation and communication electronics, installation, maintenance and repair services, mainly for co...
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Trelleborg Fenders for Singapore Cruise Center Rehab

Trelleborg’s marine and infrastructure operation supplied its SCK Cell Fenders as part of a project undertaken by the Singapore Cruise Center to upgrade its infrastructure to accommodate the latest generation of cruise vessels at its international crui...
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MacGregor Builds 1st Offshore Fiber Rope Crane

MacGregor, part of Cargotec, has completed the construction of FibreTrac, the first fibre-rope offshore crane to enter the market.The FibreTrac crane has a 150-tonne safe working load (SWL) capacity. It features a rope monitoring and management…
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Teekay Sells Offshore Stake to Brookfield

The provider of international crude oil and gas marine transportation, Teekay Corporation announced  an agreement to sell to Brookfield Business Partners all of the Company’s remaining interests in Teekay Offshore Partners for total proceeds…
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Mercator Sells VLCC Nerissa

India's Mercator, which has diversified from being only a “Shipping” company to an “Energy focused conglomerate”, has clinched a deal to sell its last very large crude carrier (VLCC).In a stock exchange announcement, the company has confirmed that it h...
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Belships Buys Supramax Bulk Carrier

Nowegean bulk ship operator Belships has agreed to acquire the 55,866 dwt bulk carrier M/V SEPHORA from Prospero Marine Ltd, a company controlled by Greek shipowner Elias Kulukundis.The vessel was built by Kawasaki Heavy Industries, Japan in 2007…
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Port of Baku Pact with European Logistics Hub

The leading companies operating in the city of Venlo in the Dutch province of Limburg, which is one of the largest logistics and transport hubs in Europe, have started cooperation with Baku International Sea Trade Port CJSC.Last week, a Memorandum…
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