Aker Arctic Technology Inc has acquired full ownership of Canadian based company Akac Inc, which is known in the oil and gas industry for its involvement in the Arctic offshore projects and operations. According to Aker Arctic Technology…
AVEVA Group plc announces that it has agreed to acquire FabTrol Systems, Inc. from the Dowco Group of Companies the acquisition is expected to complete by Friday 26 June 2015.FabTrol is a software business, headquartered in Eugene, Oregon…
Wärtsilä completes acquisition of L-3 Marine Systems International Wärtsilä Corporation announced that its acquisition of the Germany based L-3 Marine Systems International (MSI) has been finalized and control of the company will be transferred to Wärtsilä with effect from June 1…
Fincantieri has signed an agreement for the acquisition of a minority stake via capital injection in Camper & Nicholsons International (Camper & Nicholsons), the world leading authority in all luxury yachting activities. The agreement includes…
Crowley Maritime Corp. acquired Seattle-based Maritime Management Services, Inc. (MMS), a company with more than a decade’s worth of experience in crew management for offshore oil and gas vessels primarily in the U.S. Gulf, Singapore and Gulf of Mexico…
The Long Beach Board of Harbor Commissioners approved the Mitsubishi Cement Facility Modification Project this week, greenlighting the addition of 40,000 metric tons of additional storage capacity consisting of storage and loading silos on…
Essar Ports Limited today announced its unaudited results for the full year and quarter ended March 2015.Key Highlights:· Essar Ports takes over the Vizag Iron Ore outer harbor terminal with 2 berths on 14th May 2015. Existing operational terminal with no gestation period…
German container line Hapag-Lloyd has defied the challenging market environment in the containership market and returned to profit in the first quarter of 2015 euros as a stronger dollar and lower bunker prices helped to offset weaker freight rates…
Diana Shipping Inc. a global shipping company specializing in the ownership of dry bulk vessels, and Wilhelmsen Ship Management (“WSM”) today announced that they have established a new 50/50 joint venture named Diana Wilhelmsen Management Limited (“DWM”)…
General Maritime Corporation and Navig8 Crude Tankers Inc. complete merger to create large owner of modern eco VLCCsGeneral Maritime Corporation and Navig8 Crude Tankers Inc. have completed a merger to create Gener8 Maritime, Inc., a U.S…
XPO Logistics has made a deal to acquire Bridge Terminal Transport (BTT) Services, one of the largest motor carriers serving ports and intermodal facilities in the United States, for $100 million. A few days ago, XPO spent $3.5 billion…
IHC IQIP, part of Royal IHC, is expanding its global presence with a new office and yard in Perth, Australia. With the acquisition of its Australian agent Machinery Supply on May 4, IHC IQIP reaches a new milestone in her aim to be a strong local partner for its clients…
American corporation XPO Logistics, led by multi-millionaire Bradley Jacobs, agreed to acquire French transport services and global logistics solutions provider Norbert Dentressangle, led by multi-millionaire Norbert Dentressangle, for US$3…
The ICL Group's Phoenix Plan is breathing new life into the centuries-old salt and potash mines located in the Bages district of central Catalonia. The project covers various fields, such as building a potash and a vacuum salt plant, new rail…
Cathelco, the world leading manufacturers of equipment for ships, have acquired Hydro-Electrique Marine (HEM) the French specialists in desalinators and water treatment systems.The acquisition will make Cathelco one of the largest producers…