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Maritime News
Defense Arm of US Investment Manager Buys Fraser Industries
A group focused on investments in the U.S. defense sector, recently launched by a Florida-based investment manager, has agreed to…
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Marine World
UAE’s Adnoc Buys $1.3 Billion of Tankers as Oil Exports Boom
The biggest oil producer in the United Arab Emirates spent $1.3 billion to expand its tanker fleet to benefit from…
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Maritime News
Borr Drilling Buys Paratus’ Jack-Up Fleet for Mexican Market
Oslo-listed Borr Drilling has acquired five jack-up rigs from the former Seadrill fleet through its joint venture vehicle in the…
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Maritime News
Equinor Buys Out BP’s Stake in Bay du Nord Project off Newfoundland
Equinor has bought out the interests of its partner BP in the Bay du Nord offshore field off the coast…
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Maritime News
Lockheed Buys Sub-Hunting Sonar Firm Ultra Maritime
American private equity firm Advent has exited its investment in British subsea acoustic sensing company Ultra Maritime, selling the sonobuoy…
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Marine World
Russia Buys Gasoline From India to Tackle Shortages, Sources Say
Russia has started seaborne imports of gasoline from India, two industry sources said on Wednesday, in an effort to mitigate…
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Maritime News
Ahead of Russian Gas Ban, Europe Buys Almost All Cargoes From Yamal LNG
Though Russia is currently trying to attract Asian buyers for its LNG, Europe’s dependence on the gas has risen to record…
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Port News
ONE buys into Hutchison’s Laem Chabang terminal
Japan’s Ocean Network Express (ONE) is spending some of its profits built up in recent years on developing its ports…
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Port News
ONE buys into Busan terminal owned by HMM suitor
Japanese containerline Ocean Network Express (ONE) has completed a long-term partnership agreement with Dongwon Group by acquiring an indirect share…
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