Finance
UOB changes Alpha Picks portfolio
It turned out that UOB Kay Hian (UOB), a Singapore investment bank, has erased Keppel Corporation of Singapore from its Alpha Picks portfolio and replaced it with Yangzijiang Shipbuilding (Holdings) Group (YZJ) of China. The Alpha Picks portfo...
2020-10-07 09:10:43
FSG taken over by Tennor Holding
More than 350 employees under Germany’s Flensburger Schiffbau-Gesellschaft (FSG) and business assets of its shipyard have been acquired by several companies belonging to Tennor Holding, an investment company. According to industry sources an...
2020-09-23 08:53:06
OSM to acquire SeaTeam from Frontline&Golden Ocean
OSM Maritime (OSM) announced on September 21 that it is in final negotiations to acquire SeaTeam Management (SeaTeam) from Frontline Ltd (Frontline) and Golden Ocean Group Limited (Golden Ocean). The acquisition, which is subject to definitive do...
2020-09-22 09:47:34
Equinor teams up with BP in US offshore wind
Equinor (OSE: EQNR, NYSE: EQNR) announced on September 10 that it has entered into an agreement with BP (LSE: BP, NYSE: BP) to sell 50% non-operated interests in the Empire Wind and Beacon Wind assets on the US east coast for a total consideratio...
2020-09-17 09:43:16
Wilhelmsen takes stake in offshore wind service firm
Wilhelmsen announced on September 15 that the agreement will see Wilhelmsen initially acquire 25% of Østensjø Group’s expanding offshore wind company. Wilhelmsen has also secured an option to buy another 25% before June 2021. Launched in 2...
2020-09-17 09:39:04
Seadrill acquires shares of AOD
Seadrill Limited ("Seadrill" or the "Company") (OSE:SDRL, OTCQX:SDRLF) announced on September 14 that it has acquired the minority holding of 33.76% of the share capital of Asia Offshore Drilling Limited (“AOD”). The consideration for the ...
2020-09-17 09:16:36
FSL Trust gets financing for LR2 tankers
The Board of Directors (the “Board”) of FSL Trust Management Pte. Ltd., as trustee-manager (the “Trustee-Manager”) of First Ship Lease Trust (“FSL Trust” or the “Trust”), announced on September 2 that it has accepted an offer from...
2020-09-08 10:21:16
JBIC finances building FPSO
It turned out that Japan Bank for International Cooperation (JBIC) is to finance a floating production storage and offloading (FPSO) jointly owned by its compatriot companies Modec, Mitsui & Co, Mitsui O.S.K. Lines (MOL) and Marubeni Corporat...
2020-09-07 09:05:02
CSET sets up new subsidiary
China's COSCO Shipping Energy Transportation (CSET) turns out to have recently set up a new subsidiary in Hainan. According to industrial source and TradeWinds, the name of the new company in which working capital of CNY 2.4bn (approximately...
2020-08-28 09:06:31
KSOE to sell its boiler arm
Korea Shipbuilding & Offshore Engineering (KSOE) is to dispose of its industrial boiler designing and manufacturing arm Hyundai Heavy Industries (HHI) Power Systems. The sub-holding company of HHI Group, which is in charge of shipbuilding ...
2020-08-27 09:08:39
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