DP World Acquires Unifeeder for $762.6 Mln
DP World, one of the world's largest port operators, said on Tuesday it had acquired 100 percent of Unifeeder Group, a Danish logistics company, for 660 million euros ($762.6 million).The acquisition from Nordic Capital Fund VIII and certain minority shareholders will boost DP World's presence in the global supply chain and broaden its product offering to its customers, shipping lines and cargo owners, DP World said.Based in Aarhus, Denmark, Unifeeder operates a container feeder and a shortsea n
Fred. Olsen Energy edges closer to financial restructuring
Norwegian drillship and rig operator Fred. Olsen Energy, owner of the yard that built the RMS Titanic, is considering a debt and equity restructuring that would…
Dry Bulk: Capesize, Panamax Rates Dip
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Tuesday on lower rates for capesize and panamax vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was down 41 points, or 2.3 percent, at 1,732 points.The capesize index slipped 104 points, or 2.8 percent, to 3,550 points.Average daily earnings for capesizes, which typically transport 170,000-180,000 tonne cargoes such as ir
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