Merger News

 

Boluda to Acquire Smit Lamnalco, Tugboat Fleet to Top 600

Feb 10, 2023

Boluda Corporación Marítima, through its Boluda Towage division, has reached an agreement to acquire Smit Lamnalco, the world's fifth-largest towage operator.With the acquisition of Smit Lamnalco, Boluda Towage will boast a fleet of 600 tugboats with its tendrils reaching 50 countries and 148 ports around the world.Smit Lamnalco is 50% owned by Boskalis Group and Rezayat Group currently employing more than 1…

NYK Group: Three Companies to Merge

Apr 14, 2025

Three shipping and ship-management companies within the NYK Group—Asahi Shipping Co., Ltd., Hachiuma Steamship Co., Ltd., and Mitsubishi Ore Transport Co., Ltd.—will merge as part of a business integration.Overview of New CompanyCorporate Name: NYK Bulkship Partners Co…

Logistics News

Nissen Kaiun Becomes Stakeholder in Econowind

Nissen Kaiun Becomes Stakeholder in Econowind

China's Hold on Global Ports focus of Trump Administration

China's Hold on Global Ports focus of Trump Administration

DP World Introduces New Quay Crane and Electric RTG Cranes at Mundra Terminal

DP World Introduces New Quay Crane and Electric RTG Cranes at Mundra Terminal

UK's Port of Tyne Unveils $200M Upgrade Plan to Back Offshore Wind

UK's Port of Tyne Unveils $200M Upgrade Plan to Back Offshore Wind

Subscribe for Maritime Logistics Professional E‑News

Woodside Energy anticipates that demand for LNG will grow by 50% in the next decade
Data shows that a sanctioned tanker has discharged Russian oil in India's Mundra Port.
Trump Administration orders Delta and Aeromexico joint venture to terminate by January 1, 2019.