Mergers & Acquisitions News

 

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…

DP World Acquires Ukraine's TIS Terminal

Feb 13, 2020

Marine cargo handling company DP World has agreed to acquire a majority 51% stake in TIS Container Terminal in the Port of Yuzhny, Ukraine, subject to the satisfaction of certain conditions, including regulatory approval.'Bringing the TIS Container Terminal into DP World's global network of ports…

Upstream Cuts 208 deals worth $156Bn in 2019

Feb 11, 2020

Upstream companies cut 208 deals worth $156 billion in 2019, with value up $26 billion year-on-year. However, the number of transactions was 40 percent below the five-year trend, pointed out latest report by Deloitte.That, combined with the…

Coro Energy Awaits Approval on Duyung

Feb 10, 2020

Southeast Asian focused upstream company Coro Energy Plc said that Duyung PSC partners have agreed to a six-month extension for receipt of the necessary Indonesian approvals for the transfer of a 15 percent interest in the Duyung PSC offshore IndonesiaIn February 2019…

Grindrod Shipping Acquires IVS Bulk Stake

Feb 10, 2020

The global provider of maritime transportation services in the drybulk and product tanker sectors Grindrod Shipping Holdings announced acquisition of an additional 33.25% stake in its IVS Bulk joint venture and the sale of the 2010-built small product tanker Kowie…

Unique Group Acquires APAC Marine Unit

Feb 09, 2020

Integrated marine and subsea solutions provider Unique Group has announced the acquisition of the Australian-company Western Advance’s Marine Division.The provider of services and solutions for the offshore, subsea and life support industries…

JFLCO Acquires Global Marine Group

Jan 31, 2020

British-headquartered specialist provider of submarine cables Global Marine Group (GMG) has been acquired by an investment affiliate of private equity firm J.F. Lehman & Company (JFLCO) for around $250 million.With a legacy dating to 1850, GMG…

Logistics News

Major Port Investment in Atlantic Canada

DP World Marks Record 8.3% Growth in Container Handling for 2024

DP World Marks Record 8.3% Growth in Container Handling for 2024

Lithuanian Port Goes Forward with Quay Reconstruction for Offshore Wind

Lithuanian Port Goes Forward with Quay Reconstruction for Offshore Wind

Smuggled Horses Intercepted at Port

Smuggled Horses Intercepted at Port

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