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 May 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Stena Sonangol Suezmax Pool Rings in 10 Years

Stena Sonangol Suezmax Pool celebrates 10 years of collaboration and trading.   The 10th anniversary celebrations took place in London on May 20. Today on May 26 it is Houston’s turn and,

UNOLS Seeks Fleet Improvement Committee Chair

The University-National Oceanographic Laboratory System (UNOLS) informs it is seeking nominations to fill a Fleet Improvement Committee (FIC) Chair position.   The position,

Former Petrobras Exec Sentenced to 5 Years Jail

A Brazilian judge sentenced a former international director at state-run oil firm Petroleo Brasileiro SA to five years in prison for money laundering on Tuesday,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Pipelines Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
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: 0.1434 sec (7 req/sec)