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Merger News

 

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., Ltd. (tentative)President: To be determinedAmalgamation date: January 2026 (scheduled)Head office: TokyoBusiness bases: Tokyo, KobeNumber…

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…

Logistics News

EU Wheat Prices Rise As Black Sea Tensions Persist

EU Wheat Prices Rise As Black Sea Tensions Persist

Saudi Gulf Oil Exports Pick Up After Pipeline Attack

Saudi Gulf Oil Exports Pick Up After Pipeline Attack

Export Prices for Russian Wheat Fall

Export Prices for Russian Wheat Fall

Russia Repurposes Fertilizer, Coal Terminals to Export Grain

Russia Repurposes Fertilizer, Coal Terminals to Export Grain

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Malaysian regulator will ask publicly traded firms to submit El Nino plans and is looking for deeper Middle East relations
Saudi civil defence sends all-clear after danger warning for capital Riyadh
Pepco invests in new Poland hub and long-term freight deals to build logistic resilience