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DP World acquires leading international marine logistics operator
Dubai, UAE – DP World PLC announced the acquisition Topaz Energy and Marine Limited from Renaissance Services SAOG and Standard Chartered Private Equity/Affirma Capital for an enterprise value of $1,079 million. Topaz is a leading international critical logistics and solutions…
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Port of Montreal welcomes the first ocean-going vessel of 2019
Montreal, QC — The Virginiaborg became the first ocean-going vessel to reach the Port of Montreal without a stopover in 2019, by crossing the downstream limits of the Port at Sorel on January 2, at 3:50 a.m. The Virginiaborg under the…
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Fairfax investing $648 million in Seaspan Corp to double investment in shipper
Toronto – Fairfax Financial Holdings Ltd. is investing $648 million in Seaspan Corp. to bring its total stake in the shipping company to roughly $1.3 billion. CEO Prem Watsa says in a statement the investment represents one of its largest in a…
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Desgagnés takes delivery of new dual-fuel tanker
Quebec City, QC —Desgagnés announced it has taken delivery of the M/T Mia Desgagnés, whose construction has been recently completed in Turkey. She is a new-generation product tanker with state-of-the-art technology. Second in a series of four product carriers, she is…
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Hapag-Lloyd names new 10,500 TEU ship
Hamburg, Germany — Hapag-Lloyd held a naming ceremony for the “Guayaquil Express,” the fourth of five new builds in its 10,500 TEU ship class. The ship, with high reefer capacity, will sail between Europe and South America. “For us, the…
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Morterm Limited receives first “salty” in Port of Windsor
WINDSOR, Ont.–Friday, April 10th marked the arrival of the first ocean-going vessel (“salty”) of the year into the Port of Windsor, kicking off the long-anticipated 2015 shipping season which started a week later than normal due to heavy ice conditions…