Wabtec Corporation has entered into a definitive agreement to combine with GE Transportation, a unit of General Electric Company. The combination will make Wabtec a Fortune 500, global transportation leader in rail equipment, software and services…
Odfjell SE said it has been informed by Lindsay Goldberg that they are considering a sale of its 49% shareholding in Odfjell Terminals B.V.Lindsay Goldberg has been Odfjell's joint venture partner in Odfjell Terminals's U.S. and European terminals since 2011…
U.S. domestic ocean freight forwarder AFF Global Logistics (AFF) has acquired fellow domestic freight forwarder Alaskan Express (AE) in a move to boost its offering to the Alaskan logistics market.AFF, which specializes in less-than-container-load freight shipments…
Navios Maritime Containers, a growth vehicle dedicated to the container sector, announced that it agreed to acquire three containerships for a total purchase price of $117.25 million. Navios Containers agreed to acquire two 8,204 TEU containerships…
Tanker company International Seaways said that it has entered into a stock purchase and sale agreement to acquire the holding companies for six VLCCs from Euronav NV in connection with the closing of Euronav’s announced acquisition of Gener8 Maritime…
Subsea 7 S.A. announced that it had taken note of McDermott International shareholders' vote in favor of a combination with Chicago Bridge & Iron Co (CB&I).In light of this vote, Subsea 7 confirms that the proposal made to McDermott's Board…
Boston Carriers announced that in April 24 2018, the company entered into an exclusivity agreement with Nuova. The agreement provides six months for the acquisition of Nuova and all its assets and liabilities including but not limited to the storage facility in Italy as well as all its business…
In January and February the Maritime Disruptors Academy premiered when students and employees in the shipping industry actively engaged on how to make the most of new technology and ways of thinking. Given that the entire Danish maritime cluster will be part of the change the next Academy…
A U.S. national security review has raised concerns about a takeover by China's COSCO Shipping Holdings Co of a large container terminal in Long Beach, California, the Wall Street Journal reported on Friday.The terminal is part of COSCO's planned $6…
Star Bulk Carriers Corp. agreed to acquire 16 vessels from entities affiliated with Augustea Atlantica SpA and York Capital Management in an all-share transaction. As consideration for the Vessel Acquisition, Star Bulk has agreed to issue approximately 10…
French container shipping company CMA CGM said on Friday it would buy a stake of around 25 percent in Ceva Logistics, which is being listed on the Swiss stock market.CMA CGM said that as part of this process, it would subscribe to a 380-450…
South African ship owner Grindrod has sold its bunker division, Unicorn Bunker Services (Pty) Ltd., for an undisclosed sum to new co-owners WOESA (Women in Oil and Energy South Africa) and Linsen Nambi.Financed through the Industrial Development Corporation (IDC)…
Danish shipping and logistics group DFDS has acquired Turkey’s largest operator of Ro-Ro freight ships and will be a major player in the strong and continuously growing trade between the EU and Turkey. U.N. Ro-Ro operates five routes connecting Italy and France with Turkey…
Danish shipping and logistics company DFDS has agreed to buy Turkish freight shipping operator U.N. Ro-Ro from Turkish private equity firms Actera Group and Esas Holdings for 950 million euros ($1.17 billion) on a debt-free basis. It marks a change of course for the Turkish company…
PAO Sovcomflot (SCF Group) informed that it has signed a new $252 million 7-year credit facility with a consortium of six leading international banks, which includes: ABN AMRO Bank; BNP Paribas; Citibank; ING Bank; KfW IPEX-Bank, and Société Générale…
