Hafnia buys 12 Scorpio tankers, closes CTI takeover

Singapore-based tanker owner and operator Hafnia has entered into a framework agreement for the purchase of 12 vessels from Monaco-based counterpart Scorpio Tankers. Photo: Hafnia The LR1 vessels in question are STI Excel, STI Excelsior, STI Expedite, STI Exceed, STI … Read More

Costamare orders containership fleet

Greek shipping company Costamare has signed two shipbuilding contracts for the construction of a total of eight boxships. As informed, the company has concluded contracts with an unnamed Asian shipyard for two 13,000 TEU newbuilds. It has also has exercised options … Read More

US largest publicly-listed shipping company is born

Dry cargo vessel owner and operator Navios Maritime Partners has completed the acquisition of tanker owner Navios Maritime Acquisition Corporation after securing unitholder approvals. As Offshore Energy previously reported, the merger creates the largest U.S. publicly-listed shipping company, with over … Read More

Grindrod Shipping wraps up IVS Bulk acquisition

Singapore-based ship owner and operator Grindrod Shipping Holdings (GSH) has completed the acquisition of the remaining 31.14% equity stake in IVS Bulk joint venture. As informed, the acquisition and concurrent redemption of the IVS Bulk preference shares were concluded on … Read More

WIND buys Offshore Cable Equipment

The Netherlands-headquartered WIND has completed the acquisition of Offshore Cable Equipment (OCE). According to WIND, OCE is a rental/retail company that operates five offshore subsea cable carousels from 300 mt up to 7,000 mt capacity. OCE is set to further … Read More

Yangzijiang buys stake in Xinfu Yard

Yangzijiang Shipbuilding (Holdings) Ltd., one of the largest private shipbuilders in China, has entered into a sale and purchase agreement with Sanfu Shipbuilding Holdings for the purchase of the remaining 20% equity stake in Jiangsu Yangzi Xinfu Shipbuilding Co., Ltd. … Read More

James Fisher expands decommissioning capability with new acquisition

James Fisher and Sons has acquired engineering solutions and consultancy firm Subsea Engenuity, extending its current decommissioning capability under James Fisher Offshore (JFO). James Fisher stated that the addition of this innovative technology enhances JFO’s capability by enabling full subsea … Read More

Seaspan to buy 8,500 TEU scrubber-fitted boxship pair

Seaspan Corporation, a subsidiary of Atlas Corp., has entered into an agreement to acquire two 8,500 TEU scrubber-fitted containerships. As informed, the vessels are anticipated to be delivered during the second quarter of 2021. They will be fixed on a … Read More

Hapag-Lloyd acquires container shipping specialist NileDutch

German container shipping major Hapag-Lloyd has signed a sale and purchase agreement to acquire all shares of the Dutch container shipping company Nile Dutch Investments B.V. The move is expected to strengthen Hapag-Lloyd’s position in the African market. With over … Read More

OPT acquires 3Dent Technology

US-based marine energy company Ocean Power Technologies (OPT) has acquired an offshore energy engineering and design services company 3Dent Technology. OPT’s PB3 getting ready for North Sea deployment (Courtesy of Ocean Power Technologies) OPT’s first acquisition brings additional revenue from … Read More