The Australian Renewable Energy Agency (ARENA) today announced up to $20 million for a new research and development (R&D) round dedicated to industry-partnered projects that seek to develop and commercialise renewable energy technologies…
Incat Crowther reported it has opened an office in Europe.Located in Southampton, United Kingdom, the office has been created to support a growing European client base and meet the demand for Incat Crowther’s products and services in the region…
Aker Solutions and Fjords Processing have formed an alliance to develop technology and capabilities for advanced, cost-effective wellstream separation and treatment solutions for the subsea and topside oil and gas industry.The WellSep…
Safety and Survival Systems International Ltd (3Si) has announced their latest acquisition, Richard Irvin Energy Solutions Marine Safety Division in Scotland, for an undisclosed sum. The Aberdeen based business is a key supplier into the offshore…
Knightsbridge Shipping Limited has completed its previously announced merger with Golden Ocean Group Limited.In connection with the closing of the merger, Knightsbridge will change its name to Golden Ocean Group Limited. Trading in the shares…
Australian marine pilotage company Australian Reef Pilots (ARP) has been bought by a consortium of its employees. ARP, which services shipping through the Great Barrier Reef, has been sold by the private Brisbane-based company Torres Industries to a group of ARP executives and reef pilots…
Safety and Survival Systems International Ltd (3Si), has announced the acquisition of International Safety Products Ltd (ISP), one of the world’s leading lifejacket manufacturers and supplier of safety products and personal protection equipment…
CEVA Logistics, one of the world's leading supply chain companies, has today announced the opening of a local distribution center for Magneti Marelli After Market Parts and Services, a division dedicated to the independent spare parts network and after sales market…
Over the past few years, we have provided regular analysis of the maritime and offshore industry mergers and acquisitions (M&A) markets. But what goes into those decisions and transactions? This quarter, an overview of the basics of mergers and acquisitions – the players…
Too many times, we are simply not aware of what we do not know. That said; if the first quarter of 2015 brings only one thing into crystal clear focus, then that would probably involve the reality that the human element of maritime operations…
Bernhard Schulte Shipmanagement (BSM) and World-Link Communications, Inc. have reached a definitive agreement under which World-Link will acquire BSM’s telecommunication services business, Telaccount Overseas, with immediate effect.“This…
Royal IHC (IHC) has integrated four of its business units – IHC Hydrohammer, IHC Handling Systems, IHC Sea Steel and IHC Fundex Equipment – into one new organization, which will operate under the name IHC IQIP.IHC said the merger aims to…
WEC Group has funded a partnership deal to acquire the business and certain assets of metal manufacturing specialist MTL Group out of administration, saving 135 jobs.The Administrators of MTL Group Limited chose the deal offered by WEC Group as the best option…
Neptune Orient Lines (NOL) has sold APL Logistics (APLL) to Kintetsu World Express (KWE) for $1.2 billion in a stunning deal that gives the Singapore-listed group a net gain of more than $900 million.The KWE Group considers the establishment…
Mitsui O.S.K. Lines, Ltd. today announced that MOL cooperated in the transport of the “Tachinepta” float (*1) Samba Carnival (*2) Components of the float, weighing about 5 tons in all, were placed into 15 containers and loaded aboard an MOL-operated containership…