People & Company News

Photo: Dorian LPG

Dorian LPG Rejects BW LPG Merger Offer

 Dorian LPG announced that its Board of Directors has unanimously declined an unsolicited, conditional proposal from Norway's BW LPG, the world's largest liquid petroleum gas shipper, to combine with Dorian in a stock-for-stock transaction.

Angeliki Frangou. File Photo: SUNY Maritime College

Navios Maritime Containers files for a $100 million IPO

 Monaco-based container ship company Navios Maritime Containers has filed with the SEC to raise up to $100 million in an initial public offering.    The information of IPO was originally provided by the IPO investment manager Renaissance Capital.

Image: DP World

DP World Not for Settlement with Djibouti

 The Dubai-based port operator DP World said that it will not consider alternative legal options outside a court settlement in a dispute with the Djibouti government over the Doraleh Container Terminal.

Chofu Works. Photo: Kobe Steel

NYK Line, Asahi Shipping Sign Contract with Kobe Steel

 Nippon Yusen Kabushiki Kaisha (NYK Line)  together with Asahi Shipping, has concluded a long-term contract with Kobe Steel for the transport of coal for up to 20 years aboard a newly built ship.    After

Image: Noble Group

Noble Group Sells Kamsarmax Dry Bulker to Aeolian Spirit Shipping

 The commodity trader Noble Group has entered into an agreement with Aeolian Spirit Shipping, a Cyprus company, to dispose a vessel registered in Hong Kong for a consideration of US$23.79 million.  Noble

Gresham to Support IMCA in the US

The International Marine Contractors Association (IMCA) has appointed Bruce Gresham as director for client engagement in the U.S., in a part-time consulting role. He will support the association in developing

Photo: APM Terminals

APM Terminals' New Gateway to Iraq

 New pre-arrival clearance protocols and reduced terminal handling charges for containers in transit, mean that Jordan’s deep-water Aqaba Container Terminal (ACT), located on the Red Sea, is now a realistic

MT Frederica. Photo: Monjasa Group

Monjasa Acquires Bunker Supply Vessel for English Channel Operation

 Monjasa acquires the 3,600 DWT tanker, MT Fredericia for continued bunker operation in the English Channel.    Leading up to the acquisition, the vessel has been on time charter by Monjasa for several

Photo: Euronav NV

International Seaways Completes Acquisition of Six Euronav VLCCs

 US-based tanker shipping company International Seaways (INSW) has completed the acquisition of six 300,000 dwt very large crude carriers (VLCCs) from Euronav NV.   The tanker company providing energy transportation services for crude oil,

Photo: Port of Rotterdam

Rotterdam Joins Start-ups for Port of the Future

 The Port of Rotterdam Authority has signed partnership agreements with four recent participants in the annual PortXL innovation programme. The products developed by these promising start-ups range from

Photo: MOL

MOL's Coal Carrier OI MARU to Serve JERA Trading

 Mitsui O.S.K. Lines (MOL) has announced the delivery of the coal carrier OI MARU, which will serve JERA Trading , was delivered at Imari Shipyard and Works of Namura Shipbuilding on June 14, 2018.   The vessel,