‘When you are ready’: How Peter Livanos and Dan Odfjell sealed …
Nov 27, 2024 · Former Odfjell boss Dan Odfjell and Greek owner Peter Livanos agreed their big chemical tanker merger in the simplest way possible. The Greek family’s Seachem was folded into the Norwegian ...
Zim shares soar after $100m special dividend and hike in full-year ...
Nov 20, 2024 · The Haifa-based operator also hiked full-year Ebitda guidance to between $3.3bn and $3.6bn, from a previous estimate of $2.6bn to $3bn. Zim’s strong quarter allowed it to pile $100m in special ...
Subsea 7 expecting to close out 2024 strong and an even better …
Nov 21, 2024 · Subsea 7 expects its 2025 full-year revenue to come in between $6.8bn and $7.2bn with an adjusted Ebitda margin of 18% to 20%. For the quarter, its backlog was boosted by $300m in new contracts in ...
Frode Teigen mulls sale of Belships stake six years after wresting ...
Nov 26, 2024 · The two Teigen companies jointly own nearly 137m shares in Oslo-listed Belships, which represents a 53.9% stake in the shipowner. At Tuesday’s closing price on the Oslo Stock Exchange, the ...
New record-low LNG carrier spot rates raise the spectre of long …
Nov 21, 2024 · New record-low LNG carrier spot rates raise the spectre of long-term lay-ups, brokers say Earnings under pressure as competition hots up for Atlantic stems
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Is ‘rare’ VLCC scrapping the start of a demolition uptick, asks …
Nov 26, 2024 · That was down from more than 10 in 2021 and 2022 and no year over the last decade saw more than 15 VLCCs scrapped, save 2018 when the figure hit 35.
Wallenius Wilhelmsen uses option to buy car carrier after value …
Nov 22, 2024 · Wallenius Wilhelmsen has acquired one of its operated car carriers for a bargain price. The Oslo-listed company said it had used a purchase option to buy the 6,500-ceu Morning Celine (built 2009 ...
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Heavyweight clash: Japanese giant, private equity player and …
Nov 25, 2024 · Heavyweight clash: Japanese giant, private equity player and trader battle for $1.6bn terminal deal Big names linked to takeover of global bulk liquid storage operation