Mergers & Acquisitions News

 

Kotug Acquires Marsol

May 04, 2020

KOTUG International B.V. has completed the 100% acquisition of Marsol International Ltd., an offshore and marine terminal service center, specialized in offshore single point mooring (SPM) buoy terminals and its related infrastructure.The core…

ChartWorld Acquires Maritime Services

Apr 01, 2020

ChartWorld announced the acquisition of Maritime Services Ltd. in Vancouver as the latest addition to the maritime digital navigation group.Steven van de Schootbrugge, ChartWorld’s CEO, commented, “We have seen double-digit growth in the North…

Greece to Sell Majority Stakes in Four Ports

Mar 31, 2020

Greece plans to sell majority stakes in four ports as part of a privatization plan agreed with its lenders after the country exited the bailouts in 2018, a document of its privatization agency (HRADF) showed on Tuesday.HRADF will sell majority stakes in the share capital of Alexandroupolis…

Neptune Pacific Acquires Pacific Direct

Mar 16, 2020

Neptune Pacific Line, the provider of ocean freight services between Australia, New Zealand and Fiji, said that it has acquired Pacific Direct Line(PDL) from its Singapore based parent holding company, Pacific International Lines (PIL).The acquisition…

WFW Advises Galloper on Sale of Assets

Mar 05, 2020

UK-based Galloper Wind Farm Ltd recently agreed the sale of its transmission assets relating to the 353 MW Galloper Wind Farm  to Diamond Transmission Partners pursuant to the Offshore Transmission Owner (OFTO) regime.The international law firm…

Galloper Signs Diamond OFTO Deal

Feb 25, 2020

UK-based Galloper Wind Farm Ltd has agreed the sale of its transmission assets to Diamond Transmission Partners, which  invests in offshore transmission systems as an Offshore Transmission Owner (OFTO).The 353MW Galloper Wind Farm is owned by innogy SE…

Northland Expands Offshore Wind Pipeline in Asia

Feb 24, 2020

Canadian power producer Northland Power will acquire Dado Ocean Wind Farm, a development company with multiple early-stage offshore wind development sites in South Korea.Dado Ocean is currently owned by Eui Jeong Hwang, a wind power developer…

DP World Buys North American Terminal

Feb 24, 2020

Dubai-based port operator DP World announced it has completed the acquisition of Fraser Surrey Docks in Canada from Macquarie Infrastructure Partners (MIP) alongside its partner Caisse de dépôt et placement du Québec (CDPQ).The enabler of global…

GTT Acquires Marorka

Feb 23, 2020

French LNG containment specialist  Gaztransport & Technigaz (GTT) has acquired 100 percent of the share capital of the Icelandic smart shipping specialist Marorka.Based in Iceland and specialized in Smart Shipping, Marorka designs maritime energy monitoring and optimization systems for vessels…

Elengy Acquires Fosmax LNG

Feb 19, 2020

Elengy, a subsidiary of French energy group Engie, has acquired French energy group Total's 27.5% stake in Fosmax LNG, owner of the liquefied natural gas (LNG) terminal at Fos Cavaou in southern France.Elengy now owns 100% of its three LNG terminals: Fos Cavaou…

Maersk to Buy U.S. Warehousing and Distribution Firm

Feb 19, 2020

Danish shipping group A.P. Moller-Maersk said on Wednesday it had agreed to buy U.S. warehousing and distribution firm Performance Team as part of plans to deliver more customized logistics solutions.Maersk said the the value of the deal is $545 million…

SGS Acquires TTSA's Diving Division

Feb 18, 2020

Commercial diving company Subsea Global Solutions (SGS) said it has acquired the commercial diving division of T&T Salvage Asia, Pte Ltd. (TTSA), enhancing SGS’ capabilities in Singapore and strengthening its position in the Asia-Pacific region…

EU Clears OLT Takeover by SNAM and FSI

Feb 18, 2020

The European Commission has approved the acquisition of OLT Offshore LNG Toscana by SNAM and the UK’s First State Investments International (FSI), under the EU merger regulation.According to the Commission, OLT is active in the management of…

WFW Advises TUI on $1.3Bn Take Over

Feb 16, 2020

London-based international law firm Watson Farley & Williams has advised TUI Cruises GmbH on its acquisition of Hapag-Lloyd Cruises from TUI AG for US$1.3bn, excluding net debt.According to the the transaction is subject to customary closing…

PSA Marine Buys Peruvian Towage Co

Feb 13, 2020

Singapore towage and pilotage company PSA Marine has moved into the South American market with the acquisition of Tramarsa Flota, a Peruvian towage company.Tramarsa Flota and its subsidiaries have been acquired from Grupo Romero. Headquartered in Lima…

Logistics News

GAC to Acquire Quadrant Pacific’s Ship Agency Business

GAC to Acquire Quadrant Pacific’s Ship Agency Business

US East Coast Port Union Strike Threat to Test Shippers' Nerves

US East Coast Port Union Strike Threat to Test Shippers' Nerves

Brazil's Container Port Operator Seeks to Avert 'Congestion' Surcharge

Brazil's Container Port Operator Seeks to Avert 'Congestion' Surcharge

Xeneta: US Importers Caught in a Vicious Circle

Xeneta: US Importers Caught in a Vicious Circle

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