Noble Group establishes wholly-owned subsidiary

Published by Nicholas Woodroof, Editor
Dry Bulk, Monday, 03 December 2018 11:29

Noble Group Ltd has announced that on 30 November 2018 it established a wholly-owned subsidiary, Spinel Investments Ltd, in the Cayman Islands, the principal business of which is investment holding.

As at the date of incorporation, the issued and paid up share capital and the net tangible asset value and book value Spinel is US$1.00 comprising 1 share at US$1.00 each. The establishment was satisfied by cash and funded by internal resources.

The above transaction does not amount to a discloseable transaction for the purposes of Chapter 10 of the listing manual of the Singapore Exchange Securities Trading Ltd.

Read the article online at: https://www.drybulkmagazine.com/special-reports/03122018/noble-group-establishes-wholly-owned-subsidiary/

Engine retrofits to reduce emissions on two bulk carriers

Wednesday 23 April 2025 08:46

Technology group Wärtsilä will upgrade the Wärtsilä RT-flex main engines on two bulk carrier vessels owned by Turkey-based Ulusoy Sealines. The planned engine retrofits and upgrades will extend the vessels’ operational life and improve performance and fuel efficiency, thereby reducing emissions. The orders were booked by Wärtsilä in 4Q24 and 1Q25.

You might also like