Eimskip Acquires Nor Lines
Iceland-based Eimskip has agreed to acquire Norwegian shipping and logistics company Nor Lines. According to Eimskip, the operation of Nor Lines has been challenging in recent years and the business will be restructured in order to improve the firm’s services. In a press release on November 16th, Eimskip stated: " With reference to a press release from Eimskip dated 2 November, the company emphasizes the following: Eimskip has entered into an agreement to acquire the Norwegian shipping and logistics company Nor Lines. The final purchase price is subject to adjustments based upon the company’s financial statements for the year 2016. The approximate purchase price is EUR 15 million and can decrease or increase based on the financial performance of Nor Lines for the year 2016.
Great Ship - Silver River
Designed for the economical, international and ecological transport of oil and chemicals, Silver River, constructed by German-based Lindenau was delivered to one of the largest Chinese shipowners - China Changjiang Shipping Group on June 26, 1999. Classed by Germanischer Lloyd as a Chemical/Oil Tanker, the vessel is the third out of a four-part series built within 1.5 years by Lindenau. This newbuilding, which joined its sister vessel Gold River delivered on March 1, 1999, is a member of Lindenau's Tanker Class 2000 featuring internationally patented Lindenau bulbous bows - allowing the vessels to reach speeds of 14.8 knots at a constant engine output of 2,920 kW.
