London-based international law firm Watson Farley & Williams has advised TUI Cruises GmbH on its acquisition of Hapag-Lloyd Cruises from TUI AG for US$1.3bn, excluding net debt.According to the the transaction is subject to customary closing conditions and regulatory approvals and is expected to close in summer 2020.
Japan could lose its position as the world’s top LNG importer to China as early as 2022, said a new report by consultancy group Wood Mackenzie.By then, LNG imports in Japan are expected to decline 12 per cent to 72.8 million tonnes per annum (mmtpa) compared to 2018, while China’s import volume rises 37.5 per cent to 74.1 mmtpa.
Fr. Meyer's Sohn (FMS), a global forwarding company for sea freight, announced that Trond Prestroenning will strengthen the management team as from September 1st, 2019.He will take on the position as ‘Regional CEO Americas’ and ‘President of Fr. Meyer’s Sohn North America, LLC’, said a press release.Tomas Jonson, previous ‘CEO of North America’ for Fr.
Intermarine UK struck an agreement with a Chinese manufacturer to make the Port of Portland one of the UK’s centers for scrubber installation.Intermarine President Slawomir Kalicki signed the agreement at Norshipping in Oslo with counterpart DB Wang deputy general manager of the Shandong Pure Ocean Technology based in Renhe Town in the Shandong province.
Digitalization is already playing a major role in the growth of wind energy, but it can still drive further improvements in operational efficiency, decision making and cost efficiency – if it can overcome concerns around data sharing.According the report ‘Digitalization and the Future of the Wind Energy Industry’ published by DNV GL
Renewable energy investors and developers are increasingly turning to digital technology to build effective investment strategies, with almost half (47%) of the finance industry saying they have digitalization as a core part of their publicly stated strategy.New industry-wide report from DNV GL highlights benefits and challenges of digital technologies for renewable energy financing as market
Danish shipping conglomerate A.P. Møller – Maersk A/S and German logistics company DB Schenker have partnered to establish a CO2 target to reduce CO2 emissions by 20% per container transported from 2014-2020 for DB Schenker’s business with Maersk.As a result of Maersk’s fuel efficiency efforts, the companies met this target in 2018, 2 years ahead of schedule