Companies and Market

Italian shipbuilding company Fincantieri, via its subsidiary Fincantieri Europe, has entered a share purchase agreement to purchase 50% of the share capital in STX France from the French Government for €59.7m. France’s Agence des Participations de l’Etat (APE) is representing the government in this deal, which follows the resolution of ...

The proposed JV seeks to develop a global trade digitisation platform for the entire shipping industry network based on open standards. The JV is slated to be headquartered in New York State, US, and also intends to provide greater transparency, as well as simplify the transfer of goods across borders ...

The launch forms part of Carnival’s ongoing fleet enhancement strategy, which will see the delivery of 18 new ships between 2018 and 2022. The company currently possesses a portfolio of ten cruise brands and operates a total of 103 vessels worldwide. Carnival chief communications officer Roger Frizzell said: “Our fleet ...

TMA is primarily involved in the operation of various general cargo terminals. It also offers warehousing, shipping, logistics and project cargo services at three sites in Amsterdam, Netherlands, and one in Antwerp, Belgium. Additionally, the company provides a range of activities at Hutchison Ports Amsterdam, previously known as Amsterdam Container ...

The arrangement will see the construction of a 174,000m³ carrier ship featuring XDF propulsion and also includes an option for a second vessel. The deal forms part of TMS Cardiff Gas’ X Carrier Series of orders, which aims to expand the company’s total fleet of managed vessels to ten units. ...

The solution combines MHI-MME’s waste heat recovery and energy-saving power generation system (WHRS) with Wärtsilä’s operational control technology for shaft generator systems in order to offer more energy-efficient ship navigation and better Energy Efficiency Design Index (EEDI) for marine vessels. A Wärtsilä power take-off / take-in (PTO / PTI) shaft ...

Set to be launched by early next month, the two companies will be named Mitsubishi Shipbuilding and Mitsubishi Heavy Industries Marine Structure. The formation of the new companies will be carried out in accordance with the reorganisation of MHI’s shipbuilding business. Once formed, Mitsubishi Shipbuilding will deal with the construction ...

Initially agreed last December last year, the transaction included regulatory approval process in 23 jurisdictions. The process concluded with the receipt of approval of the acquisition by the Korea Fair Trade Commission. Through the transaction, the two companies aim to achieve operational synergies of around $350m-$400m a year from 2019. ...