Switzerland-based energy and commodities company Vitol has completed its first biofuel deliveries in Fujairah, the United Arab Emirates (UAE).
The post Vitol completes first biofuel delivery in UAE, consolidates shipping activities appeared first on Offshore Energy.
Belgian tanker shipping major Euronav has proposed to expand the membership of its Supervisory […]
The post Euronav comes out with its own proposal for Supervisory Board changes appeared first on Offshore Energy.
Boluda Corporación Marítima, through its Boluda Towage division, has reached an agreement to acquire […]
The post Boluda Towage steers toward global leadership with Smit Lamnalco acquisition appeared first on Offshore Energy.
Analysts broke out the superlatives after a blockbuster plan to merge of Euronav and Frontline was announced Thursday.
Evercore ISI’s Jon Chappell called it a “mega-merger” that would create a “supersized tanker behemoth.” “A crude tanker powerhouse,” wrote Clarksons Platou Securities’ Frode Mørkedal. Stifel’s Ben Nolan hailed the rise of a “tanker super major,” Deutsche Bank’s Amit Mehrotra, a “tanker juggernaut.”
The stock-for-stock transaction would produce the world’s largest tanker player....
https://www.freightwaves.com/news/42b-shipping-mega-merger-would-create-supersized-tanker-behemoth
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Germany’s bulk operator MINSHIP Shipmanagement and compatriot multipurpose (MPP) vessel specialist Auerbach Schifffahrt have decided to join forces to create a consolidated ship management company….
https://www.offshore-energy.biz/minship-auerbach-form-joint-shipmanagement-firm/
Norwegian containership owner MPC Container Ships ASA has entered into a share purchase agreement […] The post MPC Container Ships to acquire Songa Container in $210m deal appeared first on…
https://www.offshore-energy.biz/mpc-container-ships-to-acquire-songa-container-in-210m-deal/
Scan Global Logistics has snapped-up Werner Global Logistics (WGL), the air and ocean forwarding arm of major US trucking brokerage Werner Enterprises.
WGL serves customers in the US, Mexico and China, its international forwarding operations generating $53m in 2020, and Werner said it would continue to provide North American truck brokerage, freight management, intermodal and final-mile services.
WGL is the latest in a string of acquisitions for Danish forwarder SGL after it …
The post ‘A...
https://theloadstar.com/a-perfect-fit-scan-global-snaps-up-air-and-ocean-forwarding-arm-of-werner/
Product tanker major Hafnia Limited believes that further consolidation is needed within the product […] The post Hafnia CEO: Further consolidation needed within the product tanker sector…
A recent webinar hosted by Illinois-based RJW Logistics Group addressed what so many panicked shoppers discovered at retail stores across the country this spring and summer: empty shelves and inventory shortages. If a brand was out of stock, the consumer had no choice but to buy another brand — and perhaps stockpile it.
In response to these supply chain disruptions and low in-stocks, Walmart released a memo Sept. 1 telling its suppliers that shipments must achieve 98% on-time and in-full (OTIF)...