Tanker Firm DHT Net Asset Value Above Frontline's Bid
Tanker firm DHT Holdings estimated its net asset value at $5.7 per share on Tuesday, above a non-binding all-share offer made by competitor Frontline , which is currently worth about $5 per share. Frontline, controlled by shipping tycoon John Fredriksen, made an unsolicited offer for its rival during the weekend to acquire all outstanding shares in U.S. listed DHT. On Tuesday's DHT's management generally refrained from making further comments on the Frontline bid during an earnings call.
3GA Marine, Alfa Laval Partner for BWTS Retrofits
Naval architecture and marine engineering company 3GA Marine Ltd has teamed up with marine technologies company Alfa Laval to provide engineered turnkey solutions to support ship owners in their response to the International Maritime Organization’s (IMO) ballast water management regulations. “The retrofitting of ballast water treatment systems in existing vessels is challenging because of their size and required capacity to maintain ballast operations.
VOLT Orders Ship for Aquaculture Operations
In December 2016 Damen Shipyards Group signed a contract with Norway-based VOLT Service AS for a Utility Vessel (UV) 4312 to be delivered in Q1 2018. The vessel, to be named VOLT Processor, will undertake delousing operations and other services at Norwegian salmon farms. Remøy Management AS has been involved in the development of the project and will perform the building supervision. Remøy Management will be the manager of the vessel when delivered.
Greece Sets Bid Deadline for Thessaloniki Port Sale
Greece has given investors until March 24 to submit binding bids for a majority stake in its second biggest port, Thessaloniki Port, two sources close to the matter said on Tuesday. The sale of the 67 percent stake in the port and other privatisations are a key part of the country's current EU/IMF international bailout deal, the third since 2010. But the programme has fallen behind schedule due to political resistance and red tape…
SCF's New Icebreaker Named Gennadiy Nevelskoy
Built by Arctech Helsinki Shipyard, the Russian flagged Gennadiy Nevelskoy (deadweight 3,000 metric tons) will home port in Saint Petersburg and was commissioned by SCF under a long-term agreement with Sakhalin Energy. She is the first of four vessels for operations at the Sakhalin-2 project; the other three are ice-breaking standby vessels (IBSBVs) that have a smaller deadweight (2,000 metric tons), but offer enhanced functionality and a higher people-on-board capacity.
Aker Wins Hook-Up Deal for Johan Sverdrup Field
Aker Solutions won a contract from Statoil for the hook-up of the riser platform for the Johan Sverdrup field, Norway's largest offshore development in the past three decades.
Seafarers' Fatigue Report Launched at IMO
InterManager, the trade association for in-house and third party ship managers, together with The Warsash Maritime Academy, has presented the findings of its fatigue study…
Stolt-Nielsen's Profits Slip
Stolt-Nielsen Limited today reported unaudited results for the fourth quarter ended November 30, 2016. Net profit attributable to shareholders in the fourth quarter was $22.8 million…
US Navy Launches Full Speed Ahead Training
The chief of Naval Personnel announced Jan. 30 new training for 2017 that expands on existing efforts to prevent destructive behaviors across the fleet. The training entitled…
Great Lakes Shipyard Secures Geo Gradel Contract
Great Lakes Shipyard was awarded a contract for drydocking and repairs by Geo Gradel & Co. for Tug JOHN FRANCIS on January 18, 2017. The tugboat was hauled out using…
GPH to Acquire cruise terminal
International law firm Watson Farley & Williams (“WFW”) has advised Turkey-based cruise port operator Global Ports Holding (“GPH”) on the acquisition of stakes in…
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