Shares in Hafnia, the world’s largest product tanker company, commenced trading on the New York Stock Exchange (NYSE) yesterday, to go alongside an existing listing in Oslo for the BW-controlled company. Shares closed in New York down 45 cents on Hafnia’s opening day to end Tuesday on $7.47. ...
https://splash247.com/hafnia-shares-start-trading-in-new-york/
Dry bulk heavyweights Star Bulk Carriers of Greece and US-based Eagle Bulk Shipping have officially combined in an all-stock deal, creating the world’s largest publicly-listed bulker owner. The combined company will operate as Star Bulk Carriers, be headquartered in Athens, and led by Petros...
https://splash247.com/star-bulk-and-eagle-bulk-complete-merger/
An American investor in Euronav has returned to Belgium with another lawsuit in a bid to overturn deals struck between the European tanker giant’s shareholders last year. The New York-based FourWorld Capital Management has filed a claim with Antwerp Enterprise Court seeking to declare null and void...
https://splash247.com/american-investor-takes-aim-at-euronav-again-with-new-legal-action/
Canadian owner CSL has acquired 50% of Norway’s Peak Group, joining shortsea operations in Northern Europe and assets within the coastal and offshore shipping sectors. The new partnership, called Peak CSL Group, will aim to deliver marine logistics solutions for industrial clients across Europe....
https://splash247.com/canadas-csl-buys-half-of-peak-group-to-expand-market-footprint/
Shareholders of US-based Eagle Bulk Shipping have voted in favour of a proposed merger with Greek dry bulk giant Star Bulk Carriers. The New York-listed company said holders of approximately 65% of its outstanding shares backed the deal, which will see them receive 2.6211 shares of Star Bulk common...
https://splash247.com/eagle-shareholders-green-light-star-bulk-takeover/
At least one person has been killed and several others are injured in a fire that erupted on the Pemex-operated Akal-B oil platform in the Gulf of Mexico. Pemex said on Saturday the fire broke out at 16.48 hrs local time in the area where the pipelines that handle gas are located, adding that it …
https://splash247.com/one-dead-and-several-injured-in-pemex-platform-fire/
Weather forecasts have plenty of rain heading Panama’s way with many in international shipping predicting that the worst has now passed for a chokepoint that has been badly affected by drought for the past 11 months. Splash has been reporting on the Panama Canal Authority’s (ACP) decision to slash...
https://splash247.com/panama-canal-restrictions-set-to-ease-as-rains-roll-in/
The port of Baltimore could be up and running at full capacity by the end of next month under a tentative timetable released yesterday by the US Army Corps of Engineers (USACE), a plan which also sees another shipping channel open up later this month. The port has been largely closed for the last...
https://splash247.com/industrial-jenga-the-battle-to-reopen-baltimore-port/
Mediterranean Shipping Co (MSC) is looking at a potential $63m fine in the US for alleged violations of the Shipping Act, encompassing thousands of contested charges directed at various clients. The US Federal Maritime Commission’s (FMC) Bureau of Enforcement, Investigations, and Compliance has...
https://splash247.com/msc-faces-63m-penalty-in-us-regulatory-dispute/
Dubai-based terminal operator DP World has partnered up with Brazilian railway operator Rumo to build a grain and fertilizer terminal at the Port of Santos in Brazil. The new terminal, estimated to cost about $500m, will handle 9m tonnes of grains and 3.5m tonnes of fertilizers a year. Construction...