Nordic American Tankers seals suezmax tanker financing with Ocean Yield

Herbjorn Hansson-led Nordic American Tankers (NAT) has signed a financing agreement to fund 80% of the newbuilding price of two suezmax tankers, ordered at Samsung Heavy Industry last month. The financing is being provided by Norway’s Ocean Yield, who will take ownership of the vessels and bareboat...

SAL expands US project cargo footprint with Intermarine


Germany’s SAL Heavy Lift Group, an ocean transporter of the world’s largest and heaviest shipments, has acquired a major stake in Intermarine, expanding its presence in the U.S. project cargo market.

Financial terms of the deal were not disclosed.

SAL has sought to expand its market presence in the Americas project cargo market. For more than three decades, Intermarine, with offices in Houston and New Orleans, has provided this specialized marine transport service between North and South America...

DHL Global Forwarding picks new Americas CEO

DHL Global Forwarding

DHL Global Forwarding has picked Tim Robertson to serve as its new CEO for the Americas, effective Thursday.

Robertson succeeds Bill Meahl, who will retire from the division of German courier Deutsche Post DHL Group (OTCMKTS: DPSGY) next September.

Robertson joined DHL in 2002 as vice president of strategic development for the forwarding division. He also served in senior management positions involving the company’s operations, business development and marketing and sales in the Americas and...