Trade and deals

https://mfame.guru/hd-ksoe-secures-312-million-order-for-two-ethane-carriers/

Egypt’s Holding Company for Maritime and Land Transport has signed a Memorandum of Understanding (MoU) with A.P. Moller-Maersk to enhance responsible ship recycling (RSR) at Damietta Port. This agreement is aligned with international environmental and safety standards, such as:

• Hong Kong Convention (for safe ship recycling).
• Basel Convention (regulating hazardous waste management).

• Sustainable Ship Scrapping: The project will provide raw materials for Egypt’s iron and...

https://mfame.guru/egypt-and-maersk-partner-for-sustainable-ship-recycling/

• Teekay Tankers Delivers Two Ships in February, Third Sale Closing Soon.
• Oil Tanker Giant Teekay Sells Five Vessels in Six Months.
• Teekay Tankers Balances its Fleet with a Mix of Sales and New Acquisitions.

Teekay Tankers, a New York-listed oil and product tanker operator, agreed to sell two 2009-built Suezmax ships and one 2006-built LR2 ship in total for $95.5 million. This action is consistent with the firm’s fleet renewal strategy, whereby it seeks to replace older tonnage with more...

https://mfame.guru/teekay-tankers-sells-three-older-vessels-for-95-5-million/

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/