Norway based dry bulk shipping company Golden Ocean Group (GOGL) is planning to make a further investment in Singapore Marine Pte Ltd in connection with the acquisition of the majority of assets and operations of Swiss Marine by the latter.Swiss…
Port operator DP World's planned merger of its P&O Maritime and recently acquired Topaz Energy and Marine businesses is expected to be completed by the end of the year, Topaz CEO Rene Kofod-Olsen said on Monday.DP World bought Dubai-based oil…
Marking its first foray into the US, Singapore-based port operator PSA International has completed the acquisition of Penn Terminals located on the Delaware River in the U.S. from Macquarie Infrastructure Partners, a fund managed by Macquarie Infrastructure and Real Assets…
Industrialist John Fredriksen is seeking investors to take larger stakes in his companies and could relinquish control of operations as part of a plan to reduce his workload, the Norwegian-born 75-year-old told two newspapers on Friday.It was…
Commission Expresses Concerns about Puerto Rico Terminal Facilities Agreement.An agreement filed at the Federal Maritime Commission allowing a joint venture between two adjacent terminals at the Port of San Juan, Puerto Rico, will go into effect on August 29…
Canada's geoLOGIC systems announced that it has purchased TOP Analysis, a provider of Canadian thermal oilsands critical information & competitive intelligence through an easy to use SaaS platform available to all disciplines.'TOP Analysis…
CADMATIC has acquired Finnish software company Kymdata Ltd. including the entire share capital as well as IPRs to all Kymdata’s CADS software and its business agreements. The acquisition increases CADMATIC’s estimated turnover to EUR 28 million…
Descartes Systems Group has acquired BestTransport.com, a cloud-based transportation management system (TMS) provider focused on flatbed-intensive manufacturers and distributors.BestTransport has been connecting shippers and carriers to streamline transportation processes for more than 15 years…
The dry bulk shipping company based in Athens DryShips Inc. will be acquired by SPII Holdings Inc. a company controlled by George Economou, under which SPII will acquire the outstanding shares for $5.25 per share in cash, without interest.As previously disclosed…
JFD, a part of James Fisher and Sons plc, acquired all the assets, IP and designs rights of Ortega Submersibles BV, a Netherlands-based submersible boat designer and manufacturer. The acquisition will enable JFD to expand further its offering…
Spanish public multinational electric utility company Iberdrola has entered into an agreement with Green Investment Group (GIG), part of Macquarie Group, to sell a 40% share in the East Anglia One offshore wind farm.The group will continue to be the majority shareholder…
International Container Terminal Services, Inc. (ICTSI) is selling its 30% stake in a company that operates the Motukea Port, Papua New Guinea.According to a stock exchange announcement, ICTSI South Pacific Ltd, a subsidiary of ICTSI, has entered into agreements with Noho-Mage Holdings Ltd…
Turkish-based tour operator Anex Tour is entering the cruise business with the acquisition of Saga Cruises' Saga Sapphire.Anex chairman Neset Kockar said the acquisition would allow the Turkish holiday giant to create a “unique eastern Mediterranean cruise experience”…
Genting Hong Kong, a member of the Malaysian Genting Group, has reached an agreement to sell a 35% stake in global cruise ship company Dream Cruises to Canada’s TPG Darting, which is owned by TPG Capital Asia and Growth Funds.The company said…
Adding access to exciting itineraries and experiences for passengers of both brands.PONANT, the world leader of luxury expeditions to locations that only small ships can navigate, has announced its plan to acquire PAUL GAUGUIN CRUISES, the renowned…
