Container shipping giant Maersk on Wednesday agreed to buy Hong Kong-based LF Logistics for $3.6 billion in an all-cash deal, as it seeks to expand beyond its core ocean freight business.The deal is one of the group's largest takeovers to date and follows a series of acquisitions including e-commerce firms, a freight forwarder specializing in air freight and its smaller rival Hamburg Sud.
Nippon Paint Marine said it has secured a first reference for its new self-polishing antifouling paint FASTAR following an agreement with Turkey’s Iskenderun Ship Management to apply the coating to five bulk carriers scheduled to drydock in China this year.The Panamax ships Ata-M and Toros-M will drydock at COSCO’s Guangzhou shipyard in May and June respectively, with the 31,700dwt Selin-M, 32
Coatings manufacturer Nippon Paint Marine has launched a new antifouling technology engineered to enhance antifouling performance while improving the time and the film thickness required for application.Introduced to the market this week, FASTAR is a self-polishing antifouling paint that incorporates a unique nano-domain resin structure designed to minimize the effect that seawater temperatures
Grand Wisdom, the second very large ore carrier (VLOC) to join the U-Ming Marine Transport fleet, has been delivered with a protective hull coating from Nippon Marine Paint’s A-LF Sea product range.Delivered in December from Beihai Shipbuilding Heavy Industry’s shipyard in Qingdao, China, Grand Wisdom is the second in a pair of eco-friendly bulkers to join the owner’s 48-strong fleet.