Dockwise, Sealift to Merge

Friday, April 27, 2007
Heavy lift transporters Dockwise and Sealift announced that the two companies will merge, whereby the Sealift vessels will be integrated into the Dockwise fleet, and the company will trade under the Dockwise name. 3i, the largest shareholder in Dockwise, and Frontline, the largest shareholder in Sealift, have both approved the merger. Sealift was founded by Frontline to manage and operate six large Suezmax tankers, which are due to be converted into semi-submersible heavy transport vessels. The first of the six converted will be operational in May, following its conversion in China. The remaining five vessels will be delivered through 2007 to the end of 2008. “The six Sealift vessels will reinforce our core business and allow us to accelerate our focus on new markets, such as the installation of oil platforms and the management of large and complex logistics projects,” said Andre Goedee, CEO of Dockwise.
Maritime Reporter October 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Foss Hires VP, General Counsel & Chief Ethics Officer

Foss Maritime announced that Lam Q. Nguyen-Bull has joined the company as the Vice President, General Counsel and Chief Ethics Officer.   Based in Seattle, Nguyen-Bull

French President Inaugurates CMA CGM’s New Mega Ship

The CMA CGM Bougainville, the largest containership sailing under French flag, was inaugurated Tuesday by French President François Hollande in Le Havre.   Other

Teekay Veteran Glendinning to Retire

Long-time Teekay leader David Glendinning, president of Teekay Gas Services, will retire December 17, 2015, after more than 28 years at Teekay. Stepping up to replace Glendinning is Mark Kremin,

Maritime Careers / Shipboard Positions Maritime Security Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Salvage Ship Repair Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1445 sec (7 req/sec)