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

Millions of Cigarettes Seized in Multi-Nation Operation

Millions of Cigarettes Seized in Multi-Nation Operation

Liebherr USA Appoints New Divisional Director

Liebherr USA Appoints New Divisional Director

Port Houston Surpasses Three Million TEUs

Port Houston Surpasses Three Million TEUs

Trump, Xi Pause Port Fees on Each Other's Vessels

Trump, Xi Pause Port Fees on Each Other's Vessels

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