KNOT Offshore Acquires Brasil Knutsen
KNOT Offshore Partners LP announced that its wholly owned subsidiary, KNOT Shuttle Tankers AS, has acquired all of the ownership interests in KNOT Shuttle Tankers 32 AS, the company that owns and operates the shuttle tanker Brasil Knutsen, from Knutsen NYK Offshore Tankers AS. The acquisition is for an aggregate purchase price of $96.0 million, less $59.0 million of outstanding indebtedness under the secured credit facility related to the vessel…
Rosneft, PDVSA Sign New Oil and Gas Agreements
President of the Republic, Nicolás Maduro, held a meeting with CEO of Rosneft, Igor Sechin, to bolster the joint work between Venezuela and Russia and sign new agreements on gas exploration and exploitation. People’s Minister of Petroleum and President of Petróleos de Venezuela, S.A., Manuel Quevedo, along with PDVSA Executive Vice President and Vice President of Trade and Supply, Ysmel Serrano; People’s Minister of Finance…
CMA CGM Launches Serenity
French shipping line CMA CGM Group has launched "SERENITY by CMA CGM", an innovative offering to deal with unforeseen events during freight transport. This new offering is part of CMA CGM’s "Customer Centricity" strategy, which puts customers at the center of the Group’s development. On the occasion of the launch of this new innovative offer, Elie Zeenny, Vice President in charge of Development Projects…
Sete Brasil Arbitration Favors Petrobras
Petróleo Brasileiro SA informs that an arbitration award favorable to the company has rejected a request made by an investor of Sete Brasil Participações SA - in judicial reorganization. "Petrobras, pursuant to CVM Instruction 358/2002, informs about an arbitration award, favorable to the company, which rejected a request made by an investor of Sete Brasil Participações SA, in judicial reorganization…
Algoma Adds Algoma Innovator
Algoma Central Corporation, a leading provider of marine transportation services, today announced that it has taken ownership of the Algoma Innovator from the Uljanik d.d. shipyard in Croatia. The vessel is part of the Company’s Equinox 650’ class of self-unloading dry-bulk lake freighters and is the first new forward mounted boom ship to be built in 45 years. The vessel has been engineered to be a leader in the river class business…
SSY Acquires Bidsted & Co
British-based ship broker Simpson Spence Young (SSY) has acquired Danish dry bulk broker Bidsted & Co. Bidsted & Co, which was founded in 1940, is one of the last few remaining independent shipbrokers in Copenhagen. Bidsted’s chartering and S&P expertise focuses on serving Danish and Far Eastern dry cargo charterers, operators and shipowners.
DOF Sells Skandi Marstein
Norwegian supply shipping company DOF sold and delivered the 1996 built platform supply vessel (PSV) "Skandi Marstein" to a new owner. The sale will not have any significant liquidity impact or impact on the accounts. The vessel has been in lay up since late autumn 2017. The sale is in line with DOF Group's strategy to divest in the oldest part of the fleet. Last month, Skandi Niteroi, a Brazilian…
SC Ports Handles Container Volume Growth
South Carolina Ports Authority’s 2018 fiscal year container volume through November grew 2.5 percent compared to last year, with 886,414 twenty-foot equivalent container units (TEUs) handled by the Port of Charleston since July. The Port moved 163,592 TEUs during the month of November, with a balanced mix of import and export cargo. As measured in pier container volume, or the total number of boxes handled, the Port moved 92,329 containers in November.
NIMASA for Blue Economy Framework in Africa
The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has stated that in order to harness the opportunities derivable from the Blue Economy in Africa there is a need for a proper framework and structure which will enhance the coordination of the sector. The NIMASA DG who stated this during a paper presentation to the Management of the Nigerian Shippers’ Council (NSC) in Lagos titled…
