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Danish tanker firm Torm has contracted Albwardy-Damen jv company Albwardy Marine Engineering (AME) for diving services in the UAE region.

Tiger Group Investments and Standard Chartered Private Equity (SCPE) have agreed to jointly invest $95m in Shanghai-based Greathorse Chemical for it to buy chemical tankers.

China Merchants Energy Shipping (CMES) and Sinotrans & CSC Group have completed a signing ceremony last Friday on a VLCC joint venture, aimed at serving China’s rising demand for oil imports.

Pacific Radiance’s indirect subsidiary Radiance Offshore Holdings has entered into a joint venture agreement with DOT Holdings, subsidiary of Oceanteam Shipping, to own and charter offshore vessels.

The subsidiaries of two Chinese shipping groups, China Merchants Enegy Shipping (CMES) and Sinotrans & CSC Group, have come together to establish a VLCC joint venture valued at $1.11bn.

China Ocean Shipbuilding Industry has entered into a RMB508m ($82.5m) joint venture deal with two Zhoushan-based investment firms to invest in shipbuilding and related ocean engineering business in Zhoushan.

Wärtsilä will divest its share in jv Qingdao Qiyao Wärtsilä MHI Linshan Marine Diesel (QMD) for an undisclosed sum, following its deal with China State Shipbuilding Corporation (CSSC) announced last week.

Wärtsilä has entered into two joint ventures with China State Shipbuilding Corporation (CSSC) related to its engine business.


Royal Boskalis Westminster (Boskalis) and Chile’s logistics company SAAM have announced that they have successfully created a joint harbour towage operation in Brazil, Mexico, Canada and Panama.

BW Group and Pavilion Energy, a portfolio company of Singapore’s Temasek Holdings, have signed an agreement to form a joint venture to acquire, manage and charter maritime LNG assets, including LNG carriers.

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