Major challenges mixed with significant developments made 2017 an interesting year for the maritime industry. The agenda of events included from rise of technology trends and vessel automation, to cyber security issues and piracy revival.
The Boards of Euronav and Gener8 Maritime announced that they have reached an agreement on a merger for the entire share capital of Gener8, which will become a whollyowned subsidiary of Euronav.
The Norwegian Foundation Stiftelsen Det Norske Veritas has bought German Mayfair’s 36.5% shares in DNV GL Group. The Foundation sees assuming full ownership of DNV GL as the best investment to fulfill its purpose of safeguarding life, property and the environment and to realize its strategy.
Consolidation, whether through alliances or mergers and acquisitions, will continue apace in the container shipping industry into 2018, as companies try to boost market share, improve efficiency, and handle intensifying competition and oversupply, according to Moody’s new report.
Zeeland Seaports and Ghent Port Company signed a merger agreement on Friday 8 December, as all stakeholders agreed with the merger. The name of the cross-border merger port will be North Sea Port. The signing took place on a ship that symbolically sailed from Ghent across the Dutch border in the direction of Terneuzen.
Teekay Tankers and Tanker Investments announced that they have finalised the merger of the two companies. After the two companies have merged, TIL became a wholly owned subsidiary of Teekay Tankers.
Germany-based shipping company Hapag-Lloyd announced that it completed the integration of United Arab Shipping Company into the Group, six months after the merger process started. With a fleet of 215 modern container ships, Hapag-Lloyd is now the fifth-largest liner shipping company in the world.
The transaction between Oetker Group and Maersk Line for Maersk Line’s acquisition of Hamburg Süd, the German container line, was closed on 30 November. Together, they will have a total container capacity of 4.15 million TEU and a 19.3% global fleet capacity share.
The Korean Free Trade Commission announced that it decided to approve Maersk Line’s acquisition of Hamburg Sud, under restrictive conditions. Upon the acquisition, Maersk Line and Hamburg Süd will own 743 container vessels, with a total container capacity of around 3.9 million TEUs.
The Chinese Ministry of Commerce announced that after examination, it decided to approve Maersk Line’s acquisition of Hamburg Sud, under restrictive conditions. Upon the acquisition, Maersk Line and Hamburg Süd will own 743 container vessels, with a total container capacity of around 3.9 million TEUs.
Port of Busan, Hyundai to cut emissions via green equipment03/07/2020
USCG: Advance Notice of Arrival requirements for commercial and recreational vessels03/07/2020
- Maritime Health
SeaSense - Expert Thinking on COVID-19 impact on seafarers03/07/2020
RMI: Security guidance for ships in Libya03/07/2020
- Maritime Health
Self-quarantine important for crew change in Singapore03/07/2020
300 crew of cruise ship disembark after extended quarantine03/07/2020
RMI: Key similarities of enclosed space entry incidents03/07/2020
Yang Ming meets IMO GHG targets 11 years ahead of schedule03/07/2020
Reaching climate goals requires major clean energy innovation, IEA report says03/07/2020
Philippines opens "Green Lane" to facilitate crew change03/07/2020