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Norwegian OSV Companies Agree Merger


By MarEx 2017-03-24 19:18:02 Norwegian OSV companies Solstad Offshore, Farstad Shipping and Deep Sea Supply have signed off on merger plans first announced on February 6, 2017. Deep Sea Supply and Farstad Shipping will merge into and be established as individual subsidiaries under Solstad Offshore, with shareholders of Deep Sea Supply and Farstad Shipping receiving shares in Solstad Offshore as consideration. The new consolidated group, Solstad... Read More ⇒

Cold Comfort


By Wendy Laursen 2017-01-06 11:23:33 The Maritime Executive Offshore operators struggle to stay afloat amid the worst downturn in decades. By Wendy Laursen Indonesia is one of the very few bright spots in an otherwise deflated and downtrodden offshore service vessel (OSV) market. Tender activity is on the rise there, and shipbroker Fearnley Offshore Supply reports that utilization rates for some owners have crept up to... Read More ⇒

The Panama Canal is Getting Wider: Here’s What it Means for American Commerce


NERIJUS POSKUS | FREIGHT FORWARDING, OCEAN FREIGHT An expanded Panama Canal will open by the end of June this year.  The expansion is one of the biggest developments in maritime trade in decades. When the canal first opened in 1914, it cut 8,000 miles and several weeks of transit time off the journey between the Pacific and the Atlantic. Widening the canal will once again transform... Read More ⇒

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