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Höegh LNG Holdings Ltd. ("Höegh LNG") has announced an agreement to transfer the remaining 49% ownership interest in Höegh LNG Colombia Holding Ltd. ("Grace Holding"), the sole owner of the entities that own and operate Höegh Grace, to Höegh LNG Partners LP ("HMLP") for a purchase price of $172.5 million, less $86.6 million in pro-rata indebtedness related to Höegh Grace expected to be outstanding at the closing date of the transaction.

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Leading global ship management company OSM Maritime Group has been awarded full crew management of Lauritzen Kosan’s entire fleet of advanced liquefied gas tankers. 

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India’s leading shipping association, The Maritime Association of Shipowners Shipmanagers and Agents (MASSA) has upgraded its maritime training infrastructure at its existing world-class academy based in Chennai.

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Wide consensus that the global shipping fleet must rapidly decarbonise has catalysed some of shipping’s most ambitious and commercially-savvy leaders, strategists and innovators to co-develop an Action Plan for the decarbonisation of international shipping in line with meeting the target of limiting global temperatures to 1.5oC, as indicated in the Paris Agreement. 

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Bureau Veritas (BV) has been awarded the responsibility for classification of CMA CGM’s new 22,000 TEU containerships.

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In November 2017, at the annual CrewConnect Global conference, the ATPI Group celebrates three years since its acquisition of Griffin Travel and the inception of ATPI Griffinstone.

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The European Commission has approved under EU State aid rules the prolongation until end 2022 of various Belgian support measures for maritime transport.

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In Q3, the revenue of A.P. Møller - Mærsk A/S’ continuing operations increased by 14% over the year, driven by higher freight rates in Maersk Line.

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