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

MSC: How the World’s Largest Boxship Fleet Squeezes More Miles from Every Molecule

MSC: How the World’s Largest Boxship Fleet Squeezes More Miles from Every Molecule

Venezuela Authorizes Two Unsanctioned VLCCs to Depart

Venezuela Authorizes Two Unsanctioned VLCCs to Depart

Federal Maritime Commission Recognizes National Shipper Advisory Committee Members

Federal Maritime Commission Recognizes National Shipper Advisory Committee Members

Julia Fisher-Cormier Selected as Executive Director of Port of South Louisiana

Julia Fisher-Cormier Selected as Executive Director of Port of South Louisiana

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A small plane that was linked to former NASCAR driver Biffle crashed on landing in North Carolina
Maersk has completed its first Red Sea voyage for nearly two years
Since 2022, the Russian port has seen a record-breaking increase in the number of urals discounted.