Investment company United Overseas Group (UOG) is to acquire Dubai-based shipping company United Arab Chemical Carriers (UACC), the two companies said on Thursday.The deal is subject to regulatory approvals and is expected to close in the first quarter…
Interlake Holding Company announced today the purchase of the assets of Pere Marquette Shipping Company and Lake Michigan Car Ferry Company in an acquisition that includes two working Great Lakes vessels, the articulated tug-barge Undaunted…
Petroleum Service Corporation (PSC), a provider of tankerman services, product handling and site logistics for the petrochemical and refining industries, announced Tuesday that it signed an agreement to acquire certain assets from shoreside tankerman company Fryoux Tankerman Service…
Lloyd's Register (LR) said it has reached a deal to acquire Navico Group’s C-MAP commercial marine business, a provider of commercial marine cartography and digital publications, shore-side and shipside voyage optimization, cloud-based fleet management and fleet analytics software…
Greece on Friday received nine non-binding bids for a 67% stake in Igoumenitsa port, its privatization agency said on Friday.Bids were submitted by Aegean Oil, Attica Holdings and a consortium of Archirodon Group and ANEK & Trident Hellas Group…
Greece has received five non-binding bids to operate part of a port in northern city of Kavala, the country's privatization agency (HRADF) said on Friday.HRADF received expressions of interest for a sub-concession to operate a multipurpose terminal of Philippos II port…
Finnish engineering firm Konecranes and cargo handling machinery maker Cargotec plan to merge to help speed up innovation and reap savings, they said on Thursday, sending both of their shares sharply higher.The boards of the companies, which…
Shipping group CMA CGM has agreed to buy a 30% stake in French airline company Groupe Dubreuil Aero as it continues to extend its presence in non-maritime transport.CMA CGM, the world's fourth-largest container shipping firm, said in a statement…
Norway-based ship management company OSM Maritime said Monday that it is nearing a deal to acquire Singapore-headquartered competitor SeaTeam Management from Frontline Ltd and Golden Ocean Group Limited.The acquisition, which is in final negotiations and remains subject to definitive documentation…
GAC Sweden announced it has taken over the ship agency activities of Mälargent AB. The move, which comes one year after taking over the same services of SwedAgency AB, boosts the shipping and logistics firm’s operational presence in and around the Mälardalen region…
Dubai-based DP World said it has agreed to acquire a 60% stake in South Korea's UNICO Logistics Co. Ltd. as the firm continues its expansion across the worldwide end-to-end logistics supply chain. The transaction, subject to regulatory clearances…
Wilhelmsen Ship Management, a provider of third-party ship management services headquartered in Singapore, and the Hamburg-based asset and investment manager MPC Capital AG have agreed to combine their activities in the technical management of containerships…
Ireland-based tanker shipping company Ardmore Shipping Corporation confirmed Tuesday that it received and turned down an unsolicited acquisition proposal last month from larger competitor Hafnia Limited.BW Group's Hafnia said it sent a letter…
Maersk said on Monday it had agreed to buy Sweden-based customs broker KGH Customs Services for 2.6 billion Swedish crowns ($281 million), as the container shipping group seeks to expand its end-to-end logistics services.Maersk since 2016 has…
North P&I Club announced it has completed the integration of the Sunderland Marine Insurance Company Limited business into parent company The North of England Protecting and Indemnity Association Limited.The formal transfer of business, which takes effect Tuesday…
