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Marine World
Tankers Stack Up as Venezuela Sells Oil Faster Than Its Ports Can Handle
Venezuela’s dilapidated oil port terminals are imposing a de facto export cap on the country’s resurgent crude production, with tankers…
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Maritime News
Lone Star Funds Sells Vigor Marine Group
Lone Star Funds has announced that an affiliate of Lone Star Fund XI, L.P. has completed the sale of Vigor…
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Maritime News
U.S. Government Sells Two Seized Shadow Fleet Tankers for Scrap
Cash buyer GMS has purchased two aging tankers that the U.S. government captured during the Venezuela campaign earlier this year,…
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Maritime News
US Sells Seized Tankers for Scrap
The U.S. government has sold for scrap two sanctioned oil tankers that were seized in the days after Washington’s raid…
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Maritime News
Investment Firm KKR Sells Ocean Yield to A.P. Moller Holding
The investment arm of the Maersk family, A.P. Moller Holding, is expanding its large portfolio of maritime investments, reporting it…
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Maritime News
Volkswagen Sells Majority Stake in Everllence to Bain Capital
Automaker Volkswagen Group has agreed to sell a majority stake in its storied diesel engine division, Everllence – previously known…
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Port News
DDW Offshore sells anchor handler for $23m
Norway’s DDW Offshore, a subsidiary of Akastor, has sold one of its anchor handling tug supply (AHTS) vessels to an…
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Port News
Nordic American Tankers sells vintage suezmax for $40m
New York-listed suezmax specialist Nordic American Tankers (NAT) has sealed a deal to sell a 2005-built vessel for about $40m,…
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Maritime News
UK Sells Decommissioned Survey Ship HMS Enterprise to Bangladesh
A decommissioned Royal Navy survey ship, HMS Enterprise, that redefined hydrographic and oceanographic operations across the globe for two decades,…
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Port News
Hahn & Co sells 10 VLCCs from SK Shipping to Pan Ocean
South Korean private equity giant Hahn & Company is selling 10 very large crude carriers operated by SK Shipping to…
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