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BW Group and private equity firm Pacific Alliance Group (PAG) have teamed up to form a joint venture that will acquire 10 MR product tankers.

Japan’s shipowners Mitsui OSK Lines (MOL) and Nippon Yusen Kaisha (NYK) have separately reached a deal with Chubu Electric Power Company to jointly own a new LNG carrier each.

Golden Ocean Group (GOGL) is to acquire the remaining 50% of 180,000 dwt Capesize bulk carrier Golden Magnum from its joint venture partner.

Sime Darby's China-based unit Weifang Sime Darby Port Co is forming a joint venture with two Chinese companies, Weifang Port Co and Shandong Hi-Speed Transport & Logistics Investment Co to build, manage and maintain the sea channel, anchorage and port infrastructure within the Weifang Central Port region.

Zamil and Fincantieri have signed a heads of agreement (HoA) for a joint venture designing and building OSVs, coming mid-2014.

A joint venture between buyout group Apollo Global Management and Rickmers Group has acquired six used, reefer boxships from Hamburg Süd for a combined $176m.

Navig8 and Oaktree Capital Management have come together to form a chemical tanker joint venture named Navig8 Chemical Tankers Inc.

Shipping Corp of India (SCI) has decided to pull out of its chemical tanker joint venture SCI Forbes, due to continuing losses of the company, reports said.

Malaysia-based offshore vessels builder Nam Cheong has entered into an agreement with Indonesia-based Bahtera Niaga Internasional (BNI) to jointly invest in a shipping firm in Indonesia.

Malaysian offshore fabrication specialist TH Heavy Engineering has gone into a joint venture (JV) with Coral Intoil to carry out hook-up and commissioning projects, the group announced in a stock market announcement.

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