South Korea’s Samra Midas Group (SM Group) said that it is looking to acquire some overseas shippers, among other businesses in an effort to expand its foothold in the maritime sector, Yonhap News Agency cited one of the company’s officials…
German container shipper Hapag-Lloyd on Friday postponed the completion date for its takeover of United Arab Shipping Company (UASC) to May 31 from March 31, but said the deal, worth 7 to 8 billion euros ($7.52-8.60 billion), was not at risk…
essDOCS extends its paperless trade offering, team and global reach with the acquisition of eCertify, the provider of electronic Certificates of Origin. essDOCS said it has acquired eCertify Pty Ltd, inventor of the electronic Certificate of Origin (eCO)…
Ocean shipping electronic marketplace INTTRA announced it has acquired Avantida, provider of empty container management services for ocean carriers. Avantida is headquartered in Belgium and currently conducts business in seven European countries…
India’s Shreyas Shipping and Logistics has approved plans for its subsidiary Shreyas Relay Systems (SRS) to acquire 99.9% of Balaji Shipping Lines from Transworld Holding (TWH). Shreyas Shipping said that consequent to the said issue, the…
Stena Bulk has agreed to purchase the remaining 50 percent of the shares in Stena Weco from its partner WECO Shipping. Stena Weco will thus be wholly owned by Stena Bulk. Stena Weco’s head office will remain as it is today in Denmark in addition to the regional offices in Singapore…
The outlook for global container carriers remains rocky at the outset of 2017, according to a new study by AlixPartners. Hanjin Shipping Co.’s bankruptcy in 2016 sent shock waves through the industry, while Brexit and the new U.S. administration’s…
U.S. provider of intermodal marine chassis Direct ChassisLink, Inc. (DCLI) said it has acquired the approximately 11,000 chassis fleet of NYK Line (North America) Inc. that currently operates in pools managed by Consolidated Chassis Management…
Software firm Ideagen has announced it has launched Ideagen Coruson – a re-brand of its enterprise safety management and incident reporting software.Gael Enlighten, a cloud-based software solution used by some of the world’s leading brands including Virgin Trains…
Mitsui O.S.K. Lines is investing in self-elevating platform vessel operator Seajacks International Limited (Seajacks) to move into offshore business following FPSO, FSRU, Shuttle Tanker, and Subsea Support Vessel. MOL has announced a plan to acquire a 5% share in Seajacks…
The Norwegian Competition Authority has today given a notice of an objection to Eimskip’s acquisition of the Norwegian shipping and logistics company Nor Lines AS. The notice reflects the Authority's preliminary conclusion, and Eimskip has 15 business days to present counterarguments…
Hyundai Merchant Marine (HMM) announced that it has entered into a contract with Hanjin Shipping and Marine Terminals Investment Limited (MTIL) to acquire Hanjin Pacific Corporation’s 100% stake in terminals in Tokyo and Kaohsiung.…
RUSCON has significantly expanded its range of operations through the acquisition of SLG-Operating (Smart Logistics Group-Operating). SLG-Operating is one of Russia’s largest logistics companies, offering warehouse and logistics services to a wide variety of customers including Microsoft…
Marking further consolidation in the breakbulk and project cargo sector, Rickmers Group said it has sold its business operations of Rickmers-Linie to ZEABORN. Rickmers-Linie GmbH & Cie. KG and MCC Marine Consulting & Contracting GmbH & Cie…
Today the Georgia Ports Authority announced the sale of 500 acres of property for commercial development to accommodate growing customer demand for warehousing, distribution and transload facilities near the Port of Savannah. The new development…