Wednesday , April 25 2018
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Shipping and Port

Pirates release oil tanker with 22 Indian sailors off Benin

The merchant ship, Marine Express, was also loaded with 13,500t of gasoline when it originally lost communication with ground staff on 1 February. The vessel was reportedly anchored in Cotonou in the Gulf of Guinea in Benin when it was hijacked by pirates. Marine Express personnel were forced to switch ...

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Kirby to acquire Higman Marine for $419m

Higman operates a marine transportation fleet of 159 inland tank barges featuring a combined capacity of 4.8 million barrels, as well as 75 inland towboats. The company uses its fleet to ship petrochemicals, refined petroleum products, crude oil, natural gas condensate and black oil on the Mississippi River System and ...

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Fincantieri to buy 50% share in STX France

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 ...

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