Seacor to Acquire JV Partner's Sea-Vista Stake
Seacor Holdings Announces Acquisition of Joint Venture Partner’s Interest in Sea-Vista.SEACOR Holdings Inc. announced that it has become the sole owner of its consolidated SEA-Vista joint venture, acquiring through a subsidiary the 49% interest that had been owned by an affiliate of Avista Capital Partners (the “Seller”). Purchase consideration consisted of $106 million in cash and 1,500,000 shares of the Company’s common stock (the “Consideration Shares”).In connection with the purchase…
Zarif: Iran to Act Over 'maritime offences'
Iran will no longer turn a blind eye to "maritime offences" in the Gulf, its foreign minister said on Monday, a day after it seized an Iraqi oil tanker there that…
Harland and Wolff to Enter Administration
The Belfast shipyard that built the Titanic, Harland and Wolff, will be placed into administration, a form of bankruptcy protection, on Monday, a spokesman for the firm said."There has been a series o
Dynamiq Rolls-out Compact Explorer Yacht
Italian shipyard Dynamiq has introduced new G300 model designed to cruise the world. The Dynamiq Global 300 is a bit more compact and comes with a low profile design…
Hamburg Inland Waterway Volumes Grow
Port of Hamburg, Germany’s biggest universal port, said that in the first three months of 2019, at 2.57 million tons, the total quantity of cargo carried by inland…
ALE Installs WTG in Australia
The global heavylift and transportation provider ALE Heavylift said that its K1650L tower cranes have begun work to install wind turbine generators (WTG) near Port Augusta in southern Australia…
Höegh Breaks New Record in Ennore
Höegh Autoliners’s RoRo services team in India handled transportation of the 28 meters long windmill blade from Ennore, India to Shanghai, China."Sensitive cargo…
Investments in Exploration Drilling to Double
Rystad Energy sees investments both in offshore and onshore exploration drilling doubling in the next five years, compared to the last five years. Conventional onshore demand will be driven by Asia…
Bristol Welcomes Free Ports Concept
Britain's most centrally located deep sea port, the Bristol Port Company welcomes the Free Port concept as it has the potential to boost investment opportunities in and around UK ports.Recently…
Saipem Joins JV for Arctic LNG2 Project
Italian oil and gas industry contractor Saipem reached a deal on Friday to participate in a joint engineering venture for a liquefied natural gas (LNG) project in…
Permian Basin is Booming!
The increased output from the Permian Basin, located in West Texas and Southeastern New Mexico, has been the biggest contributor to the growth of super majors.A…
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