Access cargoes, ship positions, ships and parts for sale, news, events and jobs
Seattle-headquartered Saltchuk on Monday announced it has entered into a definitive agreement to acquire Overseas Shipholding Group (OSG), a New York-listed marine transportation company based in Tampa, Fla., in a deal worth $950 million.Privately…
https://www.marinelink.com/news/saltchuk-acquire-overseas-shipholding-513860
https://www.marinelink.com/news/saltchuk-acquire-overseas-shipholding-513860It certainly has been an active few months in the U.S. offshore wind space.Despite some ongoing issues, the fundamentals are looking surprisingly positive in the context of what has taken place over the last 12 months. In fact, the key concern…
https://www.marinelink.com/news/outlook-surprisingly-positive-us-offshore-513861
https://www.marinelink.com/news/outlook-surprisingly-positive-us-offshore-513861Hungary has detained the captain of a Swiss-based cruise ship involved in a collision with a small motor boat on the Danube River late on Saturday that killed two people, with five others still missing, police said on Monday.The accident was…
https://www.marinelink.com/news/hungary-detains-captain-cruise-ship-513862
https://www.marinelink.com/news/hungary-detains-captain-cruise-ship-513862Norwegian Cruise Line Holdings on Monday raised its full-year profit forecast for a second time in less than three weeks, betting on record demand for cruise vacations and higher ticket prices, sending its shares up as much as 7.7%.More travelers are choosing sea-based vacations that offer a range o
https://www.marinelink.com/news/norwegian-cruise-raises-forecastagain-513863
https://www.marinelink.com/news/norwegian-cruise-raises-forecastagain-513863Ukrainian forces have destroyed Russian Black Sea fleet minesweeper, a statement from the Ukrainian navy said on Sunday."Last night the Ukrainian Defence Forces destroyed the Russian Black Sea Fleet's Project 266-M Kovrovets minesweeper," it said on the Telegram messaging app.(Reuters - Reporting by
https://www.marinelink.com/news/ukraine-destroys-russian-black-sea-513867
https://www.marinelink.com/news/ukraine-destroys-russian-black-sea-513867The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, was mostly unchanged on Monday as gains in capsize countered weakness in smaller vessel segments. * The overall index .BADI, which factors in rates for capesize, panamax and supramax shipping vessels, rose 3 points, or 0.16%, to 1,847. * ...
https://www.hellenicshippingnews.com/baltic-index-steady-as-gains-in-capesize-offset-lower-rates-for-smaller-vessels-2/Facing unprecedented business challenges from the likes of Elon Musk’s Starlink and a raft of low-Earth-orbit (LEO) satellite providers such as OneWeb, Inmarsat Maritime has today made its response known. Inmarsat, the dominant satellite communications provider to the shipping industry this century, today unveiled NexusWave, a network offering high-speed connectivity, unlimited data and global coverage, …
https://splash247.com/inmarsat-unveils-its-response-to-elon-musks-starlink/
https://splash247.com/inmarsat-unveils-its-response-to-elon-musks-starlink/One of China’s most active owners, Agricore, is again on the move, buying and selling ships. It is hovering in the market for ships built around 2010 while selling its smaller assets. The outfit trusts the cape segment, being linked to its fourth cape in five months while selling two smaller ships in the same …
https://splash247.com/chinas-agricore-buys-capes/
https://splash247.com/chinas-agricore-buys-capes/Japanese trading house Mitsui & Co is investing an undisclosed sum in a shipping fund managed by Denmark’s Navigare Capital Partners. The Tokyo-based company will, together with its subsidiary Mitsui & Co. Alternative Investments, put money into Navigare Capital’s third maritime investment fund, targeting $650m in capital and focusing on a diverse range of sustainable …
https://splash247.com/mitsui-puts-money-into-navigare-capital-partners-shipping-fund/
https://splash247.com/mitsui-puts-money-into-navigare-capital-partners-shipping-fund/Privately owned Saltchuk Resources has agreed to take over the New York-listed operator of Jones Act tankers and oil tug barges, Overseas Shipholding Group (OSG). The deal gives OSG an aggregate equity value of about $653m and a total transaction value of $950m. Saltchuk will acquire all outstanding shares of OSG it does not already …
https://splash247.com/saltchuk-resources-to-take-over-overseas-shipholding-group/
https://splash247.com/saltchuk-resources-to-take-over-overseas-shipholding-group/