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Mercuria’s Aegean Takeover Gets Green Light from EU

The European Commission has approved Mercuria Energy’s acquisition of restructured marine fuel logistics firm Aegean Marine Petroleum Network.

The Commission concluded that the proposed transaction would raise no competition concerns as the companies have a limited position in the markets where their activities overlap.

The transaction was examined under the simplified merger review procedure.

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UAE Maritime Week 2019

UAE Maritime Week is returning to Dubai for the fifth edition from 22 to 26 September 2019.

Held under the patronage of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, the UAE Maritime Week 2019 is set to promote the UAE’s global status as a first class maritime destination and enhance Dubai’s competitiveness as one of the world’s leading maritime clusters.

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Kongsberg Executive Named to Norway's 50 Top Women in Tech

Kongsberg Digital's SVP for maritime simulation, Tone-Merete Hansen, has been awarded a position on the list of Norway's 50 leading women in tech.

The Norwegian trade and employers’ association Abelia and the ODA network for women in tech are behind the award, which was announced on March 8.

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In Depth: Bigger Ships on the Horizon as Fujairah’s Transformation Enters Full Swing

In 2017, UAE-based port developer and operator Abu Dhabi Ports signed a 35-year concession agreement with the Port of Fujairah, under which Fujairah Terminals, a new operational arm of Abu Dhabi Ports was established, with over AED 1 billion (USD 272 million) earmarked for infrastructural investment.

Commercial operations at Fujairah Terminals were officially kick-started in September 2017 as activities were ramping up to launch the expansion project the following year.

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Subsea Rail Link between UAE and India Proposed

The National Advisor Bureau in the UAE has proposed a futuristic project to build a subsea rail connection to India. The Fujairah-Mumbai Subsea Tunnel Project would involve an ultra speed subsea railway, with the aim of improving the bilateral trade between the two nations.

The main expected benefits from the project are:

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Hyundai Merchant Marine CEO to Step Down Next Month

Hyundai Merchant Marine’s (HMM) president and CEO, Chang Keun Yoo, has decided to resign from his position next month, the South Korean shipping company confirmed to World Maritime News.

As informed, Yoo will formally announce his resignation at the upcoming shareholders meeting scheduled for the end of March 2019.

C.K. Yoo started his term two and a half years ago to oversee the company’s restructuring efforts and lead HMM into the new era of growth.

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Rotterdam Port Launches Scheme Supporting Climate-Friendly Shipping

The Port of Rotterdam Authority has launched a new financial scheme supporting projects intended to reduce the shipping sector’s CO2 emissions.

As of today, interested parties can apply for funding via the Incentive Scheme Climate-Friendly Shipping. The scheme runs until the end of 2022.

The port authority has made EUR 5 million (USD 5.7 million) available to this end.

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Sea Forwarding Services

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Freight & Logistics Award

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