Mergers & Acquisitions News

 

Navy to Commission USS America

Oct 11, 2014

The Navy will commission its newest amphibious assault ship, USS America (LHA 6), during a 1 p.m. EDT ceremony Saturday, October 11, 2014, in San Francisco, California. Secretary of the Navy Ray Mabus will deliver the ceremony's principal address…

3sun Group Appoints Commercial Director

Oct 09, 2014

3sun Group, a specialist provider of products and services to the global energy industry, has appointed Dene Heywood as commercial director.Operating in the oil and gas and wind sectors both onshore and offshore, 3sun Group is an established…

Knightsbridge and Golden Ocean to Merge

Oct 08, 2014

Knightsbridge Shipping Limited and Golden Ocean Group Limited have today entered into an agreement and plan of merger pursuant to which the two companies have agreed to merge, with Knightsbridge as the surviving legal entity. The Combined…

Areva Selling Assets, CEO Under Scrutiny

Oct 06, 2014

French state-controlled nuclear group Areva will further cut back its investment budget and sell more assets to shore up its balance sheet, and the position of Chief Executive Luc Oursel is under threat, French daily Les Echos said on its website on Monday…

Kosmos to Buy into Senegal Offshore Blocks for $400 mln

Oct 05, 2014

Kosmos Energy is set to sign a $400 million 'farm-in' agreement with Senegal's state-owned hydrocarbon firm Petrosen and Timis Corp to take a 60 percent stake in the Cayar and St. Louis offshore blocks that they operate, a draft Petrosen document seen by Reuters on Saturday showed…

Osaka Gas Vessel Named "LNG Venus'

Oct 04, 2014

Mitsui O.S.K. Lines, Ltd. President: Koichi Muto) today announced the naming ceremony of 'LNG Venus', a newbuilding liquefied natural gas (LNG) carrier held at the Nagasaki Shipyard of Mitsubishi Heavy Industries, Ltd. (MHI; President: Shunichi Miyanaga…

Yara Completes Acquisition of OFD Holding

Oct 02, 2014

Yara International ASA has obtained relevant regulatory approvals and closed the acquisition of OFD Holding Inc. (OFD) allowing the integration process to start.The OFD operations comprise production facilities in Cartagena, Colombia and distribution companies across Latin America…

Jaccar Holdings & Hartmann form JV

Oct 02, 2014

Jaccar Holdings of Luxemburg and Hartmann Group of Leer, Germany, announce the establishment of a joint venture for the commercial management of ethane carriers. The new company, “United Ethane Carriers” or UEC, will be based in Singapore…

Ahrenkiel Steamship Consolidates Entire Fleet at DNV GL

Oct 02, 2014

Ahrenkiel Steamship, the newly formed German ship management company, will consolidate its entire fleet at DNV GL. Nick Topham managing director of Ahrenkiel Steamship and Tor E. Svensen, CEO of DNV GL - Maritime, signed the cooperation agreement at the SMM trade fair in Hamburg…

DP World Acquires Dubai-based World Security FZE

Oct 02, 2014

DP World today announces that it has acquired World Security FZE for total consideration of $25.5 million. World Security FZE provides security services and solutions to various corporates in Dubai including ports and free zones. World…

Frontline & TI form new VLCC Company

Oct 02, 2014

Frontline Management (Bermuda) Ltd. and Tankers International LLC (TI) today announced the formation of a new company, VLCC Chartering Ltd ('the Company').  The aims of the Company will be:*to create a larger fleet with more flexibility…

Renewable Energy Department at ClassNK

Oct 02, 2014

Chairman and President: Noboru Ueda of ClassNK announced the establishment of a new Renewable Energy Department. This new department which began operations on 1 October 2014 will oversee a diverse range of activities related to renewable energy…

Vallianz Acquires OER Holdings for $28m

Oct 02, 2014

Vallianz Holdings Limited, a provider of offshore support vessels and integrated marine solutions to the oil and gas industry, has today announced that it is acquiring OER Holdings Pte. Ltd.  for $27.7 million (USD).Headquartered in Singapore…

Henderson, Hanes & Associates Opens Doors in Miami

Oct 01, 2014

Ocean Engineering/ Naval Architecture Firm Brings Innovation to the Mega Yacht CommunityThe Miami-based ocean engineering and naval architecture firm of Henderson & Associates, Inc. has merged with Sea3 Systems, Inc. to form Henderson, Hanes & Associates…

MOL Merges Group Companies; Upgrades Bridge Simulator

Oct 01, 2014

MOL adds DPS and enhances safe operation by integrating expertise through mergerMitsui O.S.K. Lines, Ltd. (MOL) announced the merger of MOL Marine Consulting, Ltd. (MOLMC) and MOL Cable Ship Ltd. effective October 1, 2014. The new company…

Logistics News

Baltimore: Bulk Carrier Afloat After Explosion

Baltimore: Bulk Carrier Afloat After Explosion

$1 Billion Fine for X-Press Pearl Disaster

$1 Billion Fine for X-Press Pearl Disaster

UltraTech Operationalizes India’s First On-Site Hybrid RTC Renewable Energy Project

UltraTech Operationalizes India’s First On-Site Hybrid RTC Renewable Energy Project

Allog Group Utilizes Container Solution to Transport Oversized Breakbulk Items

Allog Group Utilizes Container Solution to Transport Oversized Breakbulk Items

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