STX France Receives Order for Cruise Ship

STX France has received an order to build a luxury cruise ship, the “EUROPA 2”. The new ship is being acquired by a third-party proprietary company outside the TUI group at the French STX shipyard and will enter service in 2013.

Maersk Drilling Ready for Growth

2010 is set to be a very good year for Maersk Drilling, which will not only deliver a financial result that exceeds expectations, but will also have created a strong platform for future growth, says Chief Commercial Officer Martin Fruergaard.

BW Ventures And Investinor AS To Acquire Oceansaver

BW Ventures and Investinor AS have made an agreement to acquire OceanSaver, one of the world’s largest ballast water management (BWM) system providers. Strengthening OceanSaver’s expansion strategy and roll out of its current NOK 400 million BWM order book, the sale will be finalised following approval by the Norwegian competition authorities and the completion of some due diligence issues with the new owners.

STX Pan Ocean Explains Newbuild Financing Technique

Korea’s STX Pan Ocean is to set up six special purpose companies to finance newbuilding orders already placed. 
The Seoul- and Singapore-listed shipowner said Wednesday in a regulatory filing that the new companies would owe debt to financial institutions, which would be guaranteed by STX to the amount of KRW402.3bn ($358m). 
The period of debt…

NYK Announces Asia-Adriatic Service

We are pleased to announce that NYK will launch a new service to/from Asia into the Adriatic region via the China-Europe Shuttle service (CES) connecting over Taranto onto two Adriatic services, Adriatic Service 1 and Adriatic Service 2 (ADS1 / ADS2).