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Carlos Nieves

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MOL spends $1.7bn buying Dutch tank terminal operator

Japanese shipowner Mitsui OSK Lines (MOL) is buying LBC Tank Terminals, one of the world’s largest independent tank terminal operators primarily handling and storing...

Houthis warn attacks on merchant ships could resume tomorrow

The Houthis in Yemen issued an ultimatum to Israel on Friday, repeating it yesterday. Unless Israel resumes shipments of humanitarian aid into Gaza by...

Deep sea cargo fleet moving at record low speeds

Ocean-going merchant ships are moving slower than ever.Average speeds across the deep sea cargo fleet in the first quarter this year are at a...

Performance Shipping closes financing for LR2 newbuilds

Greece’s Performance Shipping has secured financing for its third newbuilding in China through another sale and leaseback deal.The Nasdaq-listed tanker owner and operator of...

Havila seals Peterson PSV extension

Norwegian OSV owner Havila Shipping has secured a contract extension for its platform supply vessel Havila Borg.The Fosnavåg-based company has fixed the 2009-built unit...

South Africa seeks operator for multipurpose terminal in Durban.

South Africa’s Transnet National Ports Authority (TNPA) is looking for an operator for a multipurpose terminal in Durban.The state-run ports and freight-rail operator has...

DNO buys Sval Energi for $450m in cash

Norwegian oil and gas player DNO has reached an agreement to acquire all of the shares of Sval Energi from private equity firm HitecVision...

New head of HMM selected

Choi Won-hyuk, 65, has been lined up as the next head of HMM, South Korea’s flagship carrier.Choi has been picked by the line’s main...

Lauritzen Bulkers buys Canadian breakbulk specialist Alexander & Blake

Danish dry bulk owner and operator Lauritzen Bulkers has acquired Canadian breakbulk and parcel shipping company, Alexander & Blake.The Copenhagen-headquartered outfit, which manages a...

CMA CGM’s Saadé vows to invest $20bn into the US over the next four years

CMA CGM’s Rodolphe Saadé was in the White House yesterday, unveiling a $20bn planned investment into the US.The huge investment over the next four...
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