Hapag-Lloyd AG will now carry out the capital increase that was agreed upon as part of the merger of Hapag-Lloyd and UASC. The gross proceeds are expected to amount to approx. EUR 352 million (approx. USD 414 million). The official merger of the two companies occurred on 24 May 2017…
Norway’s IMS group AS announced it has signed a purchase agreement with the OceanSaver Trustee to acquire the ballast water treatment system manufacturer’s intellectual property, certificates and assets following its bankruptcy filed on September 13…
Lifting Gear Hire (LGH) has acquired the Aberdeen-based hire division of JD Neuhaus (JDN) Ltd., a manufacturer of hoists and crane systems for extreme environments. JDN, headquartered in Germany, will retain its other U.K. divisions, including sales and repair…
The Marcura Group, a Dubai-based group of companies focused on providing business solutions to the maritime industry, has announced the acquisition of the UK-based companies G-Ports (UK) Ltd., which specialises in port, congestion and commodity tracking data…
Euroseas announced that it signed a memorandum of agreement to purchase the M/V EM Athens and EM Oinousses, both feeder size containership vessels of 2,506 teu built in 2000. The Company also announced that it acquired the option to purchase from Euromar two additional container vessels…
APM Terminals and Hong Kong-based COSCO SHIPPING Ports, a subsidiary of China COSCO Shipping Corporation, have reached an agreement on the key terms of the proposed sale of APM Terminals’ 76% majority shareholding in the existing APM Terminals Zeebrugge container terminal to COSCO SHIPPING Ports…
Braemar Shipping Services plc announced the conditional acquisition of the entire issued share capital of NAVES Corporate Finance GmbH. Braemar is a leading international provider of broking, consultancy, technical and other services to the shipping…
German shipping group Rickmers, which filed for insolvency in June, said on Thursday its ship management unit had the all-clear to continue business after it was bought by Bremen-based Zeaborn Group and owner Bertram Rickmers.The company…
Reacting to the latest Oil and Gas UK Economic Report, to be published on Wednesday 6 September, Graham Hollis, Senior Partner for Deloitte in Aberdeen, said: “A cautious optimism has returned to the industry, as it weathers the storm of the past three years…
Eagle Bulk Shipping, one of the world’s largest owner-operators in the Supramax/Ultramax segment, announced that it has taken delivery of the M/V Westport Eagle, the ninth and final Crown-63 Ultramax dry bulk vessel acquired from Greenship Bulk Trust…
APM Terminals announced the sale of its 5% share in Terminal de Contêineres de Paranaguá (TCP) to China Merchants Port Holdings. The share sale was initiated and led by Advent, who is the controlling shareholder of TCP. Price and terms…
Scorpio Tankers Inc. announced that it has closed the previously announced merger with Navig8 Product Tankers Inc. (NPTI). As consideration, Scorpio has issued 55 million shares of its common stock to the holders of NPTI’s common shares or 19…
Columbia Shipmanagement and Marlow Navigation announced confirmation of regulatory approval allowing their previously reported intended merger to proceed. The merger brings together two of the shipping industry’s privately owned shipmanagement companies…
Scorpio Tankers said shareholders of Navig8 Product Tankers Inc. (NPTI) approved the previously announced merger of Scorpio and NPTI at shareholders meeting held Tuesday. At the meeting, approximately 94.25 percent of the NPTI shares outstanding were voted…
Grindrod, the South Africa-listed freight logistics and shipping services firm, is planning to separate and list its shipping business in order to unlock its value, the company said on Wednesday. Grindrod, which also has a financial services business…