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

Panama Auditor Files Suit to Scrap CK Hutchison-Controlled Port Contract

Panama Auditor Files Suit to Scrap CK Hutchison-Controlled Port Contract

British Port Association Responds to the Government's Annual Port Trade Statistics

British Port Association Responds to the Government's Annual Port Trade Statistics

Portugal to Invest $4.6b in Port Upgrades by 2035

Portugal to Invest $4.6b in Port Upgrades by 2035

London P&I Club Warns of Incorrect Loading of Flexible Intermediate Bulk Containers

London P&I Club Warns of Incorrect Loading of Flexible Intermediate Bulk Containers

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