A giant shipyard in Saudi Arabia will supply supply the country's oil industry with tanker vessels and rigs while also helping to create more than 10,000 jobs. Saudi Aramco and Hyundai Heavy Industries are part of the joint venture behind the yard. Investments will total billions of dollars.
BY NIKLAS KRIGSLUND Published 11.10.16 at 15:24
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APM Terminals is inching closer to Maersk Line through exclusive deals in which, for instance, financial risk from the terminal company is transferred to the container carrier. The ties between the two formally independent companies have been subject to controversy before.
The world's ports have four major business opportunities that can help them grow and play a bigger role in the global society, says Olaf Merk, port expert at OECD. Read on to learn the four opportunities.
According to ShippingWatch's information, two precarious cases at APM Terminals in India, of which one presumably involves Maersk's regional head in India represent the backdrop for the dramatic dismissals last week that included CFO Christian Møller Laursen.
Several EU nations are currently subject to comprehensive reviews of their subsidies to carriers and maritime businesses. The EU Commission is preparing a more restrictive practice, ShippingWatch is told.
That was one of the arguments cited when Hafnia Tankers CEO Mikael Skov and CEO of Teekay Corporation, Kenneth Hvid, participated in a debate in which they had to convince representatives from family-owned carriers that they belong to the past.
John Fredriksen's Frontline has sent a new offer to DHT in which the company proposes a merger of Frontline and DHT. "We are convinced that the proposed new combination of Frontline and DHT will maximize value for both sets of shareholders," writes Frontline. DHT Holdings describes the new bid as "unimproved."
A new report from Norway's Menon Economics, published Wednesday in Singapore, cements Singapore's status as the world's number one maritime hub. The analysis names Hamburg, Oslo, Rotterdam, London, and Copenhagen as the five key European maritime capitals.
Equity fund Altor blurred the cash trail when it via Deloitte took DKK 1.2 billion out of Denmark. Now the Danish Customs and Tax Administration wants repayment of DKK 140 million, reports Danish media DR.