Norwegian technology and equipment supplier Kongsberg is buying Rolls-Royce Commercial Marine in a deal valued at GBP500m ($661m).
The 35 crew of the Seaman Guard Ohio, which includes the so-called “Chennai Six” from the UK, have been acquitted by a court in India.
China Cosco Shipping Corporation Limited (Cosco Shipping) has offered to acquire Orient Overseas (International) Limited (OOIL) at a price of $6.3bn, confirming earlier rumours of the takeover deal that has been circulated since January this year.
Japan’s big three shipping groups, K Line, MOL and NYK, have announced an integration of their container shipping business with the establishment of a joint venture by 1 July 2017 and the commencement of joint service from 1 April 2018.
The IMO has agreed a 0.5% global sulphur cap on emissions by ships from 2020.
AP Moller – Maersk is to split in two following a strategic review with one division focused on integrated transport and logistics, and another on energy.
In one of the longest running sagas in shipping regulation the IMO’s Ballast Water Management (BWM) has finally met its ratification criteria, meaning it will come into force in 2017.
AP Moller Maersk is replacing Nils Andersen with Soren Skou as ceo of Maersk Group from the beginning of next month.