Ro-Ro and passenger services operator Finnlines announced that it is suspending its service TransRussiaExpress, due to ‘a constant deterioration on the Russian market’ the company has been facing over the last few years.
China Merchants Energy Shipping (CMES) announced its plan to raise around RMB4.1bn ($610 million) through new share offering. The company will use part of the money to fund newbuilds on order, including four VLCCs and two VLOCs. It also expects to spend $50 million on fitting 10 VLCCs with scrubbers.
DP World PLC, the Dubai-based port operator, announced its interest on purchasing the holding company of P&O Ferries and P&O Ferrymasters of GBP 322 million (USD 421 million). The transaction implies a 2017 Enterprise Value/EBITDA valuation multiple of 6.1x.
Yilport Holding, port management and logistics subsidiary of Yildirim Group had a ‘golden year’ due to the increase of its business and volumes growth. The worldwide terminals handled 6.41 million TEU containers in 2018, reporting 5% year-on-year volume development in comparison to 2017, that was led by its 10 container terminals in Turkey, Scandinavia, Iberia, and Latin America.
The UK Port of Felixstowe and Danish ferry operator DFDS have agreed to increase roll-on/roll-off (Ro-Ro) capacity at the port by over 40% through investment in a new linkspan, tractor units and additional trailer parking facilities. The agreement extents the service at Felixstowe for 15 years.
Port of Gothenburg has published its 2018 freight figures. Container volumes rose by 17% compared with the previous year. Energy products, intra-European ro-ro units and new cars all decreased by 1%, albeit in relation to the high comparative figures for these three segments in 2017.
Seafarers Stories: Capt. Dimitrios Liakakos, Master27/03/2020
- Maritime Health
Singapore announces additional measures against COVID-1927/03/2020
Inspections during COVID-19 pandemic for RMI-flagged vessels27/03/2020
AMSA extends standards of training certification and STCW certificates27/03/2020
One vessel attacked, two more approached off Nigeria and Benin27/03/2020
- Maritime Health
Fighting against COVID-19 stress: key mental health resources27/03/2020
Synergy CEO urges for collective, managed crew changes27/03/2020
Lay-up and re-activation revisited27/03/2020
Maintaining public health and trade flow: A critical COVID-19 conflict27/03/2020
Surveyors prevented from attending vessels about to load finished steel products27/03/2020