by Klaus Luhta | Dec 25, 2017 | maritime economics, maritime news
A year after the acquisition announcement, Maersk Line has completed the transaction, securing their purchase of rival shipping company Hamburg Süd for $4 billion. 105 Hamburg vessels will bring Maersk’s total fleet up to 772 with nearly a 20% share of global fleet...
by Klaus Luhta | Dec 25, 2017 | maritime economics, maritime news
Tyra, Denmark’s largest gas field, will get a much-needed investment from the Danish Underground Consortium. This infusion of cash comes after a sinking chalk reservoir has left platform decks 16 feet closer to the sea than they were three decades ago. Being...
by Klaus Luhta | Dec 10, 2017 | maritime news
After a fishing boat carrying seven Japanese fishermen capsized as the result of a collision with another fishing vessel 218 miles off the coast of Palau, the Automated Mutual-Assistance Vessel Rescue System (AMVER) is being credited with assisting in their safe...
