Less than two years since its launch in Latin America, the freight forwarding division of Norbert Dentressangle has opened a second office in Brazil. Norbert Dentressangle opened offices in Sao Paulo and Santiago in 2011 as part of the continued development of its freight forwarding business, which now employs around 600 colleagues across 52 offices [...]
Triggered by the desire to harness China’s offshore oil potential China Oilfield Services Ltd (COSL) plans to expand its ocean engineering fleet with as much as fifty new vessels, China daily reports citing COSL’s manager of the shipping department Cai Dian. According to him, China’s largest integrated oilfield service provider will use the new vessels [...]
![Indonesian Government Plans Submarine Fleet Expansion]()
Within the next decade, Indonesian government is to place orders for several diesel-electric submarines at national shipyards… (rusnavy) Source: rusnavy, September 13, 2012
Based on the writings of the Shipping Herald, Crowley Maritime Corporation, a U.S.-owned and operated marine solutions, transportation and logistics company has already completed designs for the ships it plans to build within the framework of containership newbuilding programme. The company is providing services in domestic and international markets through six operating lines of business: [...]
![USA: ESG Plans to Expand Its Operations with 20 Acres of New Site in Gulf County]()
The St. Joe Company will lease 20 acres of its former paper mill site in Port St. Joe (Gulf County), Florida, to Eastern Shipbuilding Group (ESG) of Panama City, Florida. ESG plans to expand its existing shipbuilding, vessel construction and repair and industrial steel fabrication operations to Port St. Joe. ESG will continue its [...]
The Navy plans to cut a total of 16 ships from its five-year budget, reducing the number of ships funded in fiscal 2013 by three, from 13 down to 10. Most of these ships are expected to be the Joint High Speed Vessel, built for both the Navy and the Army, and other support ships. [...]
JSC Severnaya Verf shipyard confirms that corvette Boiky will be delivered to Russian Navy in 2012, reports RIA Novosti referring to the yard’s director general Andrei Fomichev. “Third corvette, Boiky, is ready to accommodate the crew. This means that the ship is at high stage of completeness, and appropriate acceptance certificate will be signed [...]
Yangzijiang Shipbuilding (Holdings) Ltd., a large shipbuilding enterprise in China, is planning new joint ventures with Qatar Investment Corp (QIC) to move further into the offshore marine business. Yangzijiang agreed with QIC to invest $110m in YZJ Offshore Engineering Pte Ltd (YOEPL), a Singapore-based 50 – 50 joint venture. According to further plans, YOEPL is [...]
In pursuing efforts to gain international expansion, IHC Merwede is looking forward to declaring the acquisition of several Asian shipyards in the upcoming quarter Reuters reports. The global market leader for efficient dredging and mining vessels and equipment, IHC Merwede is well equipped for future expansion. Earlier this year, the company secured the financial backing [...]
The restructuring of Frontline has been approved by the Board of the Company and will in the next few days be put forward to our creditors and counterparties for approval. The proposed solution has been made possible through a massive commitment from Frontline’s major shareholder; Hemen Holding Ltd. The major part of the restructuring consists [...]
