Trade and deals

The Boluda Group, led by Spanish businessman Vicente Boluda, and Mediterranean Shipping Company (MSC), owned by Italian businessman Gianluigi Aponte, have advanced their partnership by merging their tugboat operations. This move, over two years in the making, involves MSC acquiring a 49% stake in Boluda Towage through the contribution of its subsidiary MedTug.

With the addition of 180 MedTug vessels, Boluda Towage’s fleet will expand to nearly 800...

https://mfame.guru/boluda-and-msc-strengthen-strategic-alliance-with-tugboat-business-merger/

• Castlery and Maersk sign a 10-year logistics partnership to support global expansion.
• Maersk will provide end-to-end logistics, including ocean freight, warehousing, and distribution.
• Sustainability is a key focus, with Castlery leveraging Maersk’s Eco Delivery solutions.

A.P. Moller–Maersk and Singapore-based furniture brand Castlery have signed a 10-year logistics service agreement, reinforcing their strategic partnership. With Castlery’s ambitious global expansion plans, Maersk will provide...

https://mfame.guru/castlery-and-maersk-sign-10-year-global-logistics-deal/

• Ascenz Marorka and Macnor Marine partner to advance digital maritime solutions in Brazil.
• Focus on sustainability, efficiency, and regulatory compliance.
• Offers shipowners tools for performance optimization and fuel monitoring.

Ascenz Marorka, a leader in digital maritime solutions, has announced a strategic partnership with Macnor Marine, a well-established maritime services provider in Brazil. This collaboration aims to revolutionize the Brazilian offshore and shipping industries by...

https://mfame.guru/ascenz-marorka-and-macnor-marine-expand-in-brazil/

• INEOS and Svanehøj Strengthen CCS Efforts with CO2 Pump Supply Deal.
• First Dedicated LCO2 Carrier to Feature Svanehøj CO2 Pumps.
• Svanehøj Expands CCS Leadership with INEOS Project Greensand.

INEOS has selected ITT’s Svanehøj to provide CO2 pumps for the onshore facility and the first LCO2 carrier for Project Greensand in the Danish North Sea. This order further cements Svanehøj’s place in carbon capture and storage, proving its dominance in critical liquefied gas equipment. The INEOS-led...

https://mfame.guru/ineos-selects-svanehoj-for-co2-pump-supply-in-project-greensand/

https://mfame.guru/fratelli-cosulich-orders-7999-dwt-imo2-chemical-tanker/

West, a prominent Protection & Indemnity (P&I) Club, has announced the acquisition of 100% of Nordic, a specialist marine insurance provider, subject to regulatory approval. This move builds on West’s initial stake in Nordic acquired in 2020 and further solidifies their partnership to expand services for Members and the broader marine market.

1. Nordic’s Continued Independence:
   • Nordic will retain its brand and operate independently from offices in Stockholm and Pir...

https://mfame.guru/west-completes-full-acquisition-of-nordic-strengthening-marine-insurance-capabilities/

SAIC Anji Logistics, a subsidiary of SAIC Motor, announced strategic investments from COSCO SHIPPING Holdings Co., Ltd. and Shanghai International Port (Group) Co., Ltd. (SIPG). Both companies will invest 1 billion yuan each, acquiring 10% equity stakes in SAIC Anji Logistics following a capital increase that raises the company’s registered capital from 600 million yuan to 750 million yuan.

• Amount Raised: 2 billion yuan.
• Stake Distribution: COSCO SHIPPING and SIPG will...

https://mfame.guru/saic-anji-logistics-secures-strategic-investment-to-boost-international-expansion/

QatarEnergy has selected the joint venture of Japan’s Mitsui O.S.K Lines Ltd. (MOL) and China’s COSCO Shipping LNG Investment (Shanghai) Co. Ltd. (CSLNG) to own and operate six QC-Max size LNG vessels, marking the conclusion of its historic 128-vessel LNG fleet expansion program.

1. Vessel Construction and Specifications:
   • The six ultra-modern QC-Max vessels, the largest LNG carriers in the world, will be constructed by Hudong-Zhonghua Shipbuilding Group, a subsidiary of China State...

https://mfame.guru/qatarenergy-awards-joint-venture-of-mol-and-cosco-shipping-final-batch-of-lng-vessel/

Hapag-Lloyd has entered a significant agreement with Goldwind, a Beijing-based global leader in clean energy, for an annual supply of 250,000 tonnes of green methanol. This move is part of Hapag-Lloyd’s Strategy 2030, focusing on sustainable investments and aligning with the Paris Agreement’s 1.5°C target.

1. Substantial GHG Emission Reductions
   • Green methanol, a blend of bio- and e-methanol, will reduce greenhouse gas emissions by at least 70% compared to conventional fuels.
   • The...

https://mfame.guru/hapag-lloyd-secures-long-term-green-methanol-supply-to-advance-decarbonization-goals/

Technology leader Wärtsilä will deliver an integrated propulsion package for a new vessel owned by U.K.-based tanker operator Pritchard-Gordon Tankers Ltd. (PGT). This marks the third such vessel in PGT’s fleet renewal program to adopt Wärtsilä’s solutions, underscoring the company’s focus on efficiency and emissions reduction. The order, finalized in Q3 2024, reflects Wärtsilä’s commitment to sustainable maritime innovation.

The propulsion solution...

https://mfame.guru/wartsila-to-provide-integrated-propulsion-packages-for-pritchard-gordon/