Crowley Maritime has signed a letter of intent to acquire Florida-based SeaFreight Agencies, further evidence of consolidation in the Caribbean container sector. "Both companies are currently working ...
Caribbean consolidation continues
Danaos joint venture buys trio
NYSE-listed Danaos Corp has launched a new joint venture to acquire second-hand container ships at the bottom of the cycle. The joint venture, Gemini Shipholdings, is 49% owned by Danaos and 51% owned ...
World Maritime Day: What You Think
By Wendy Laursen 2015-09-23 18:51:07 From around the world, and across the industry, we asked what you think about World Maritime Day: Rear Admiral Paul Thomas, U.S. Coast Guard Assistant Commandant ...
Egypt Agrees to Buy French Mistral Ships
By MarEx 2015-09-23 16:47:39 France has agreed to sell two French Mistral helicopter carriers to Egypt. The warships were initially built for Russia, who paid about $1.7 billion for the vessels. In ...
Two-Blade Turbines the Future of Offshore Wind Energy?
By MarEx 2015-09-23 15:53:04 The energy industry is in a constant search for new ways to harness clean, renewable energy. Wind energy, particularly offshore wind, is the most commonly utilized ...
Australia, India Complete Maritime Exercises
By MarEx 2015-09-23 14:35:48 India and Australia completed the AUSINDEX-15, the first bilateral maritime exercise between the nations on September 21. The military exercises took place at ...
The Drug Ship and Mysterious Death of UN Official
By MarEx 2015-09-23 14:13:35 A U.N. official involved in the investigation of the Höegh Transporter, which was detained at Kenya’s Port of Mombasa last week, was found dead in his Kenyan hotel ...
India Drops Plans Granting Ports Increased Autonomy
By Reuters 2015-09-23 11:17:24 India will change existing laws governing ports to make them more profitable and efficient, the shipping minister said on Wednesday, putting on hold a plan to turn ...
DSME bosses deny corruption fuelled huge losses
Daewoo Shipbuilding & Marine Engineering's (DSME's) CEO and his two predecessors are denying that misconduct led to its recently announced loss of KRW3 trillion (USD2.5 billion) from offshore ...
Exmar-Flex LNG merger falls through
A plan to merge the LNG carrier interests of Exmar, Flex LNG, and Geveran Trading has been scrapped, according to a statement from Flex LNG. Although the tie-up had been announced in July, it has now ...