Euronav filed an application request for arbitration in relation to Frontline’s action to pursue the termination of the combination agreement of July 10, 2022.Following recent acquisitions of additional shares by Famatown Finance Limited (as disclosed on Euronav’s website)…
German container liner Hapag-Lloyd on Thursday announced it has completed its acquisition of a minority stake in Italy-based logistics company the Spinelli Group as global shipping firms continue to expand their port presence amid prolonged supply chain disruption…
Danish shipping giant A.P. Moller - Maersk (Maersk) announced it has completed its $61 million acquisition of Danish project logistics company Martin Bencher Group.“With the addition of Martin Bencher, we are strengthening our ability to offer…
Japanese container shipping company Ocean Network Express (ONE) announced it has acquired controlling stakes in three California container terminals amid a push by many of the world's largest global shipping lines to expand their presence in the port infrastructure component of the logistics chain…
French conglomerate Bollore, run by the family of billionaire Vincent Bollore, said on Wednesday it had completed the sale of its Bolloré Africa Logistics arm to shipping company MSC Group.The Bolloré company added the transaction was on the basis of a 5…
Inland waterway shipping company HGK Shipping acquired the remaining 60% of BeKa HGK GmbH as of December 14, 2022, a strategic decision that the company says 'significantly intensify its business activities on the Upper Rhine, Danube and Mosel rivers in its dry shipping division…
Brazilian port operator CLI concluded the payment of 1.4 billion reais ($263.43 million) on Monday to railway company Rumo SA for control of a grain terminal in Santos port, the company said.The deal is being funded by the acquisition of a 50% stake in CLI…
Bunker fuel suppliers Dan-Bunkering and Amoil on Friday announced they will merge on January 1, 2023 under one combined brand, Dan-Bunkering.The move, which follows the recent merger between Dan-Bunkering and SABT in the spring of 2022, continues industry consolidation in the bunkering sector…
Wilhelmsen Port Services has entered into an agreement with Vopak to acquire 100% of maritime services provider Vopak Agencies and 50% of Diize. 'Vopak Agencies and Diize are highly complementary and a perfect match for the global reach of Wilhelmsen Port Services’ maritime network of 2 200 ports…
Hapag-Lloyd AG and SM SAAM have signed a binding agreement under which Hapag-Lloyd will acquire 100 % of the shares of SAAM Ports S.A. and SAAM Logistics S.A. and thereby the entire company’s terminal business and associated logistics services…
German container liner-shipping company Hapag-Lloyd on Thursday announced it has acquired a minority stake in Italy-based logistics group Spinelli Group.Hapag-Lloyd said it purchased a 49% stake in the Spinelli Group from existing shareholders…
Germany's ruling coalition is divided over whether to let China's Cosco take a stake in a Hamburg port terminal, government sources say, even as Beijing urges Berlin not to politicize the bid and the port authority warns this could hurt the economy…
A.P. Moller-Maersk said on Monday it has agreed to sell its 30.75% stake in Russian port operator Global Ports Investments to Russia's largest container operator Delo Group, which also owns a 30.75% stake in the firm.After the divestment, which needs regulatory approval…
Global shipping container suppliers China International Marine Containers and Maersk Container Industry in a joint statement on Thursday said they have abandoned a merger plan, citing significant regulatory challenges.China International Marine…
Asset manager Atlas Corp said on Thursday it received a takeover offer from consortium group Poseidon Acquisition Corp in an all-cash deal for $3.64 billion.Poseidon, which comprises Atlas' board chairman David Sokol, affiliates of Canadian investment company Fairfax Financial Holdings Ltd…
