China Cosco plans to sell Cosco Logistics to state-backed parent company China Ocean Shipping. The unit may be valued at about seven billion yuan, and the company is also considering selling other assests to China Ocean to raise as much as an additional 20-billion yuan…
Teledyne Technologies Incorporated announced today that it has completed the acquisition of RESON. RESON, headquartered in Slangerup, Denmark, provides high-resolution marine acoustic imaging and measurement solutions. The acquired company will operate under the name Teledyne RESON…
Aker Solutions acquires managed pressure drilling specialist Managed Pressure Operations (MPO).Managed Pressure Operations International, Ltd. (MPO) is a company that has successfully developed the next generation of continuous circulation…
Dockwise publish audited annual accounts for 2012, having earlier published an unaudited version.The unaudited 2012 results were first disclosed as part of the publication by Dockwise of the Q4 2012 results on 13 February 2013.Performance…
Nautilus Marine Acquisition Corp. announce closing the purchase of Cypriot vessel owner Assetplus Ltd., & expiry of its tender offer.Greece's Nautilus Marine Acquistion describes itself as a newly-organized 'blank check' company (meaning that…
Kobelt enters a new era with retirement of Jack Kobelt and acquisition of company by US investment company Bow River Capital Partners.Jack Kobelt founded Kobelt Manufacturing from his basement in 1962, developing unique, hand-engineered components for the marine industry…
Dockwise supports combination with Boskalis and recommends the Boskalis Offer to shareholders.Extracts from the Dockwise statement follow:The Board of Directors of Dockwise has unanimously resolved to support the combination of Dockwise…
As of this week, Damen Shipyards Group is the new owner of Dutch ship repair yard Shipdock. Shipdock, a well-known shipyard group with roots dating back to 1877, operates facilities in Amsterdam and Harlingen. The yard will continue its ship repair and conversion services…
Finnish ship designer Foreship's new company, Foreship Bluetech, announce an economical bulk ship design series.Foreship BlueTech Ltd. is a company founded by Foreship Ltd. and key employees of BlueTech with Foreship Ltd. as the largest shareholder…
Burgess Marine acquire Testbank Ship Repair, making them the country's largest independent in the ship repair business.Burgess Marine, headquartered in Dover and with sites in Poole and Portsmouth’s naval base, has acquired Testbank Ship Repair…
Aker Solutions has agreed to acquire a majority stake in Aberdeen-based Enovate Systems Ltd.Enovate Systems Limited is a leading technology company within the subsea well control equipment sector. The financial details of the acquisition are undisclosed…
Fincantieri subsidiary Fincantieri Oil & Gas S.p.A., completes acquisition, intend to buy more shares.This acquisition marks Fincantieri's entry into a market segment complementary to its current ones. With 21 shipyards in 3 different continents…
Nautilus Marine Acquisition Corp. extends its tender offer for Assetplus Ltd. until end of January 2013.The completion of the tender offer is a condition to Nautilus' previously announced acquisition of Assetplus Limited. The extension is…
CEO, Matthew Mullett, acquires complete control of All American Marine from founder partner Pat Pitsch. Mullett joined AAM as CEO in 1999 and has served as the managing partner of the shipyard since he became co-owner in 2003. Under Mullett’s leadership…
Blumenthal Holdings, Radiator Specialty Company (RSC) LLC owners, acquire a majority stake in Terresolve Technologies, Ltd. Terresolve Technologies, LTD, is a leading manufacturer of biobased hydraulic and functional fluids and lubricants for the offshore marine…
