New A&B Will Have a Well-Capitalized Balance Sheet Providing Strong Liquidity and Financial Flexibility; Receives Favorable IRS Ruling on Tax-Free Nature of Planned Separation. Alexander & Baldwin Holdings, Inc. (NYSE: ALEX) ('Company')…
Harvey Gulf International Marine’s CEO, Shane Guidry, announced that, on June 4, 2012, Harvey Gulf signed an agreement with Bee Mar, LLC to purchase all of Bee Mar’s vessels and assets. The purchase will include 10 Offshore Supply Vessels…
Affiliates of Drew Marine (“Drew Marine”) have reached a definitive agreement with Chemring Group PLC (“Chemring”) to acquire Chemring’s maritime interests (“Chemring Marine” or the “Company”) for a cash consideration of £32 million, subject to standard closing adjustments…
IHC Merwede establishes IHC Tidal Energy and acquires Wave Rotor technology.On 30 May 2012, IHC Merwede signed an agreement to acquire Wave Rotor technology from Ecofys, which is renowned for its expertise in sustainable energy solutions…
Lloyd's Register acquires WEST Engineering Services to become the top independent provider of technical services to the offshore drilling sector. Acquisition of WEST, subsea systems specialists, builds support for exploration and production activities…
Nordic Shipholding A/S completes sale of chemical tanker activities.In continuation of company announcement no. 1/2012 published via NASDAQ OMX on 27 March 2012, Nordic Shipholding A/S (formerly Nordic Tankers A/S) today has completed the…
The Jotron Group today announces that it will merge their Norwegian companies; Jotron AS, Jotron Phontech AS and Jotron SatCom AS. The name of the new company will be Jotron AS. Kongsberg Maritime has, as previously announced by the 2 companies in March 2012…
American Commercial Lines Expands Liquid Cargo Fleet With Purchase of Eight 20,000 Barrel Capacity Tank Barges. American Commercial Lines (ACL) today announced the purchase of eight 20,000 barrel capacity tank barges from SeaRiver Maritime Inc…
Fleet management software joins extensive portfolio of marine technology solutions.Kongsberg Maritime, a leading marine technology developer has today (29th March 2012) acquired 100% of the shares in fleet management software specialist Jotron Consultas…
Bow2Stern/Engine Starting Products Announces Asset Acquisition of L&H Electric Co. Inc. Bow 2 Stern Services / Engine Starting Products and its owners Harry “Buster” Naquin and Shane Thibodeaux are pleased to announce the acquisition of the assets of L&H Electric Co…
Stork Technical Services heralds rebrand of RBG with multi-million pound contract extension. Stork Technical Services, the leading global provider of knowledge-based asset integrity management services for the chemical, oil and gas and power sectors…
Reservoir Group has strengthened its portfolio of completion and production services with the announcement that two well intervention specialists have joined the ‘club’. The Tool Company, located in Assen, The Netherlands and the Aberdeen-based firm…
Acquisition strongly boosts RINA offshore and port development services. By taking control of the D’Appolonia Group, a global engineering consultancy, international classification society RINA has increased its group turnover by almost 50…
Established in 1988 by Rick and Valerie Sawin as Charleston’s Rigging and Marine Hardware, firm has played significant roles in supplying products to support the construction of the Arthur Ravenel Bridge, raising The Hunley, and now transitions to the next generation…
INTERNATIONAL classification society RINA has taken control of the D’Appolonia Group, a global engineering consultancy headquartered in Genoa. The acquisition of an 80 per cent holding in D’Appolonia SPA significantly strengthens RINA’s global…
