Norwegian shipping firm Odfjell SE has appointed Harald Fotland as its new Chief Executive Officer (CEO). Fotland comes from the position as Odfjell's Chief Operating Officer, and will assume the CEO position on May 6, 2022."We are pleased to have an internal candidate take over the helm at Odfjell. The appointment was made after a process including external and internal candidates.
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.
In the 65 years, since Roy Breaux, Sr. founded Breaux’s Bay Craft and on down through three generations, the yard has built over 1700 hulls. Through the regular expansion and contraction of the oil industry, they learned to pivot from market demand to market demand.As the oil industry in the Gulf of Mexico moved farther offshore, the demand for larger and faster crew boats, was met by Breaux.
Odfjell is constructing a new tank bay at Odfjell Terminal Houston (OTH), continuing to expand and invest in its terminals platform to support ongoing regional growth in the chemical industry.The company is investing in and expanding its terminals platform with the addition of a new, modern, automated tank bay.
Hurricane Ida damaged a Louisiana grain export elevator owned by global grain trader Cargill Inc and disrupted export operations at the busiest bulk grain export facilities in the United States on Monday.Cargill said its Reserve, Louisiana, terminal, one of two the company operates along the Mississippi River near the Gulf of Mexico, "sustained significant damage" from the storm
The international shipping industry continued its long-term positive safety trend over the past year. The number of large vessels lost remained at record low levels in 2020, while reported incidents declined year-on-year, according to Allianz Global Corporate & Specialty SE’s (AGCS) Safety & Shipping Review 2021.
Brunswick Corporation entered into a definitive agreement to acquire Navico for $1.05 billion, bringing to Brunswick's Advanced Systems Group (ASG) well-known marine electronics brands such as Lowrance, Simrad, B&G and C-MAP."The acquisition of Navico and its award-winning brands will immediately accelerate Brunswick’s ACES (Autonomy, Connectivity, Electrification and Shared-Access) strategy
The U.S. Senate will vote on Thursday on a bill being pushed by Republican Ted Cruz to slap sanctions on the Nord Stream 2 natural gas pipeline in Europe, although it is not expected to garner enough support to pass.The bill is scheduled for a vote at around 2:45 p.m. ET (1945 GMT), according to Democratic Senator Jon Ossoff.Cruz struck a deal with Democrats last month to get a vote before Jan.
Effective January 1, 2022, Seçkin Uz has been appointed Managing Director for Schottel Turkey.Uz has extensive experience and expertise in the area of ship propulsion. After earning a degree in Naval Architecture and Ocean Engineering, he began his career with Berg Propulsion in the Asia/Pacific and Middle East region.
Eying recent demand increases and oil prices recovery in the international market, Brazil's largest tug operator says it is ramping up to support a growing number of offshore oil and gas projects expected to take off in the coming years.Globally, around 30 production floater contracts are now queued up for award over the next 18 months
Norwegian shipowner Odfjell SE said it has sold off the last of its short-sea chemical tankers as it sharpens its focus on larger ships in the deep sea segment.The company announced Tuesday it has entered into a sales agreement for the last three 9,000 dwt short-sea vessels—Bow Fuling, Bow Dalian and Bow Nangang—that have operated in the company’s regional Asian trade.
On August 16, 2021, Odfjell Gas Shipowning AS, a subsidiary 100% owned by Odfjell SE, entered into a transaction agreement with BW Epic Kosan Ltd. (BWEK) for the sale of two liquefied petroleum gas (LPG)/ethylene carriers, Bow Guardian and Bow Gallant, both built in Korea in 2008.The purchase price will be settled partly in cash, to be used for the full repayment of mortgaged loans on the vessels