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Wilhelmsen Drops Acquisition of Drew Marine

Image: Wilhelmsen

A US District Court for the District of Columbia announced that it will grant the Federal Trade Commission’s (FTC) motion for an injunction to block Wilhelmsen’s acquisition of Drew Marine Technical Services.Consequently, Wilhelmsen and Drew have agreed to abandon the transaction.“We disagree with the views of the US competition authorities.

Caspian Littoral States Sign Environment Protocol for the Sea

Photo: United Nations Environment Programme

Littoral countries to the Caspian Sea have made a groundbreaking commitment to evaluate the likely impact that development projects will have on the environment in each other’s states.High-level representatives from Azerbaijan, Iran, Kazakhstan, the Russian Federation and Turkmenistan today signed the

MOL buys Eni's Adriatic Offshore Gas Stakes

Image: ENI

MOL Group’s Croatian INA agreed to buy Eni Croatia BV, a wholly-owned member of Eni Group, through which Eni participated in the joint project of gas production in Croatia’s offshore areas Northern Adriatic and Marica.INA will become the 100% owner and the sole operator of the Northern Adriatic and Marica fields after all conditions are fulfilled,

Iceland’s Samherji Buys Stake in Eimskip

Photo: Eimskip

Icelandic fisheries company Samherji though Samherji Holding has acquired a substantial share in Eimskip, Iceland’s longest-established and largest shipping operator.The company has a total of 25.3% stake in the company and the purchase price is about 11 billion Icelandic krona. Samherji Holding is a subsidiary of Samherji's foreign operations.

EU Must Speed Up Approvals of Asian Shipbeaking Yards

Graph: MSI Foresight

The European Union should step up its assessment of Asian shipbreaking yards to allow the effective implementation of the Hong Kong Convention, said Maritime Strategies International (MSI).In its MSI Foresight, the independent research and consultancy firm noted that by December 31 2018, all vessels

Norway Oil Workers, Employers Reach Deal to End Strike

© Inge / Adobe Stock

Norwegian drilling rigs workers will end their industrial action after the union representing 1,600 striking employees reached a deal with the group acting for their employers, the parties said on Thursday.The strike began on July 10 after the Safe union and the Norwegian Shipowners' Association could

DP World Acquires India's Continental Warehousing

Photo: Continental Warehousing Corporation (Nhava Seva) Limited

Hindustan Infralog (HIPL), a joint venture between DP World and the National Investment and Infrastructure Fund (NIIF), announced that the transaction to acquire 90% stake in Continental Warehousing Corporation (Nhava Seva) Ltd in India has now closed.CWCNSL’s founders, the Reddy family, will retain

European Shipowners Welcomes EPA

File Photo: European Community Shipowners' Associations

The European Union (EU) and Japan signed the EU-Japan Economic Partnership Agreement during the 25th EU-Japan summit in Tokyo. The European Shipowners welcome the signing of a highly ambitious trade agreement between two of the world's largest economies.“At a time that unilateralism and protectionism are rising,

US Accuses N.Korea of Fuel Smuggling

© Andreas G. Karelias / Adobe Stock

The United States accused North Korea on Thursday of breaching a U.N. sanctions cap on refined petroleum by making illicit transfers between ships at sea, according to a document seen by Reuters, and demanded an immediate end to all sales of the fuel.The United States submitted the complaint to the U.

The Jones Act is Good for Puerto Rico -Report

(File photo courtesy Crowley)

After Hurricane Maria struck Puerto Rico with devastating force on September 20, 2017, a number of news reports claimed that the Jones Act had severely damaged the Puerto Rican economy, both over time and in the immediate aftermath of the storm. Now a new report examining the role of the Jones Act shipping industry before,

BW LPG Nominates Three Directors to Dorian LPG Board

Photo: Dorian LPG Ltd

Dorian LPG confirmed that Oslo-based BW LPG BW LPG  has submitted the names of three director candidates to stand for election at Dorian's 2018 Annual General Meeting of Shareholders.  Dorian LPG, is a fully-integrated liquefied petroleum gas shipping company and the owner and operator of a large fleet of 22 modern very large gas carriers,

Diana Shipping Signs USD 75mln Term Loan Facility with BNP Paribas

Photo: Diana Shipping Inc.

 Diana Shipping Inc. announced that on July 13, 2018, it signed a term loan facility with BNP Paribas for up to US$75 million with maturity date on July 16, 2023.    Today, it completed a drawdown of US$75 million, secured by the vessels m/v Alcmene, m/v Seattle, m/v Electra, m/v Phaidra, m/v Astarte, m/v G.

IMO Reviews Training Standards for Fishers

Photo: International Maritime Organization (IMO)

 The ongoing comprehensive review of the International Maritime Organization (IMO) treaty on Standards of Training, Certification and Watchkeeping for Fishing Vessel Personnel (STCW-F) is set to continue this week.   The Sub-Committee on Human Element, Training and Watchkeeping (HTW 5), meeting at IMO Headquarters (16-20 July),

Pegasus Maritime Loses Operator Licence in Singapore

© Lambros Kazan / Adobe Stock

Marine fuel services provider Pegasus Maritime (Singapore) Pte Ltd has lost its licence to operate bunker crafts in the port of Singapore effective July 16, the Maritime And Port Authority (MPA) of Singapore said on Monday.The MPA has revoked Pegasus Maritime's craft operator licence after investigations

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