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Scorpio to snap up Navig8 product tanker fleet

Monaco - Scorpio Tankers (STI)is to merge with Navig8 Product Tankers to form one the world’s largest product tanker owning companies. As part of the deal, STI will acquire Navig8’s 27 operating product tankers. The merger is expected to close in the second or third quarter of 2017

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Swiss interest in hi-tech cooperation with Russia

Moscow - Swiss business looks forward to cooperating with Russia in hi-tech industries such as pharmaceuticals, civil aviation and shipbuilding, Yves Morath, the head of Swiss Business Hub Russia, an official entity of the Embassy of Switzerland which promotes implementation of Swiss export strategies

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Big Three shipbuilders see recovery

Seoul - Although the global shipbuilding market is gradually showing signs of fiscal recovery this year, as with Korea’s big three shipbuilders, orders at midsized shipbuilding companies remain sparse, according to the Korea Export-Import Bank of Korea on Friday

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Fleet grows slower, dry bulk market recovers

Athens - When all has been said and done, the recovery of the dry bulk market is down to a number of factors, with the prevailing one being the significant reduction of the dry bulk fleet’s growth. Thankfully for ship owners, this seems to be evolving to a much more stable trend

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Gondan delivers dual fuel tug

Madrid - Spanish shipbuilder Astilleros Gondan has delivered “Dux”, the first dual-fuel tug built in Europe, to Norway’s Østensjø Rederi. Designed by Robert Allan, the state of the art escort vessel is the first tugboat in a series of three that will provide tug services to Statoil at its far-north terminal

Grimaldi, new car traffic at Bari

Grimaldi, new car traffic at Bari

Naples - New car traffic in the port of Bari is to be handled by the Grimaldi Group. The Neapolitan shipping company’s expansion continues in the links up and down the Adriatic, to decongest the national motorway system.

Italy opens corruption probe into Sicily govt head; junior minister quits
Malaysian navy boat, nine crew, missing after chasing fishermen
Propulsion problems put Australian warships out of action

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