NYK has decided to invest in Knutsen Offshore Tankers ASA (KOT), which will result in NYK owning 50 percent of KOT’s total capital. Following this investment, KOT’s name will change to Knutsen NYK Offshore Tankers AS.
Following its meeting under the chairmanship of Jacques R. Saadé, the Board of Directors of CMA CGM, the world’s third largest container shipping company, announced today that a final agreement has been reached between CMA CGM shareholders and YILDIRIM Group of Turkey.
SITC International Holdings announced its wholly owned subsidiary, SITC Development, had entered into shipbuilding contracts with Yangfan Group to order four 1,100 teu boxships at the Zhejiang-based shipbuilder at a total cost of $72.4m. SITC International said in a statement to the Hong Kong Exchange that the four container vessels were scheduled for delivery in…
Mitsui O.S.K. Lines Ltd. (MOL; President: Koichi Muto) today announced the signing of a long-term transport contract with Vale International SA, a subsidiary of Vale S.A. for two very large ore carriers (VLOCs) on November 18. Two 300,000 DWT-class newbuilding vessels, which will be constructed at Universal Shipbuilding Corporation and slated for completion in 2012…
Incat has secured a contract to build the world’s first high speed passenger Ro-Ro ship powered by environmentally friendly Liquified Natural Gas (LNG).
The CMA CGM Group is pleased to announce the extension of its Black Pearl service to the West Coast of South America (Ecuador, Peru, Panama and Chile).
On leaving TransAtlantic, Ola Helgesson will assume the position of CFO at Stena Line in Gothenburg.
Carnival Cruise Lines has cancelled voyages of the Carnival Splendor through the departure of January 9, 2011, to allow time for repairs following an engine room fire last week. The ship is scheduled to re-enter service on January 16, 2011.
DFDS’ current tonnage cooperation with the Danish and German defence is expanded to at least five ships. DFDS orders two ro-ro newbuildings for delivery in 2012.
On November 4, NYK was selected for the Dow Jones Sustainability World Index (DJSI World), marking the eighth straight year that NYK has been included in this major yardstick for socially responsible investment (SRI), investments in companies whose CSR activities are considered to be upstanding.