China's two largest shipbuilders are planning to merge, their listed arms said in separate exchange filings on Monday, the latest to join a wave of mergers among state-owned enterprises as the government overhauls the sector.The move by China…
Kawasaki Kisen Kaisha, Ltd. ('K” Line), Taiwan Power Company (Taipower), U-Ming Marine Transport Corporation (U-Ming), and Kuang Ming Shipping Corporation (Kuang Ming) have agreed to establish a new joint venture shipping company, and jointly signed Memorandum of Understanding（MOU）in Taipei…
Port operator DP World Plc will buy Topaz Energy and Marine Limited for $1 billion from Standard Chartered and Renaissance Services, DP World said on Monday.Topaz is a provider of marine logistics to the global energy industry. The deal is the…
The world’s largest port operator DP World is in advanced discussions to acquire Topaz Energy & Marine, marking the Dubai-based company's first potential foray into the oil and gas industry.Britain’s Sky News, citing sources, earlier reported that a $1…
Descartes Systems Group (TSX:DSG) (Nasdaq:DSGX), a leader in uniting logistics-intensive businesses in commerce, announced that it has acquired STEPcom, a leading Business-to-Business (“B2B”) supply chain integration network based in Switzerland…
Wilhelmsen and Rainmaking’s announced a partnership aiming to spin-out and scale-up existing innovative solutions researched and developed by Wilhelmsen with potential to scale across the industry. Wilhelmsen’s Digi Boiler is the first project to benefit from this collaboration…
Cargotec’s MacGregor has hit roadblock to complete the acquisition of TTS Group’s marine and offshore businesses, originally proposed in February 2018.The provider of solutions for handling marine cargoes informed that the closing of MacGregor's TTS acquisition has been postponed to Q3 2019…
The International Container Terminal Services Inc. (ICTSI) has been declared as the preferred bidder for the development, operations and management of the Port of Kribi in Cameroon for 25 years.Philippine government's News Agency quoted ICTSI…
Norway-based global maritime industry group Wilhelmsen Ship Management (WSM) has announced the acquisition of a 50% stake of NorSea Wind and it’s subsidiaries to expand its offerings in the the renewable wind energy market.NorSea Wind, founded in 2016 as a subsidiary of Norsea Group…
Italian infrastructure investment fund F2i announced its entry into the ports sector with the acquisition of the Porto di Carrara Spa (PDC Spa) Group, which owns port terminals at Carrara, Marghera and Chioggia.The Group, which each year handles around 5 million tons of solid bulk cargoes…
Shareholders of Hyundai Heavy Industries (HHI) have approved the South Korean shipbuilder's split-up plan amid fierce opposition from its labor union.According to local media reports, Hyundai Heavy Industries, , South Korea's largest shipbuilder…
PSA International Ptd Ltd (PSA), the Polish Development Fund (PFR) and the IFM Global Infrastructure Fund (GIF) managed by IFM Investors have completed the transaction to jointly acquire DCT Gdańsk, the largest container terminal in Poland.DCT…
Peel Ports Group has announced that it has acquired Quality Freight (UK) Limited, which provides chartering and a range of port services operating from a 40 acre multimodal facility at Ellesmere Port in Cheshire.The value of the transaction has not been dicslosed…
Hong Kong-based international port operator Cosco Shipping Ports has completed the equity transaction of project company responsible for its greenfield subsidiary at the Port of Chancay, Peru.With the equitytransaction of the Project Company was officially completed on 10 May 2019…
Svitzer intends to sell its Portuguese marine operations to Pioneiro do Rio, Serviços Maritimos, Lda., a company which has Rui Cruz, the current managing director of Svitzer Portugal, among its owners.The operation in Portugal has faced declining…
