Mergers & Acquisitions News

 

German Coalition Divided Over Chinese Bid for Hamburg Port Terminal

Sep 14, 2022

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…

Maersk Agrees to Sell Stake in Russian Port Operator

Aug 29, 2022

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…

Shipping Container Suppliers Abandon $987 Million Deal After US Probe

Aug 25, 2022

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…

Atlas Receives $3.64 Billion Takeover Offer from Poseidon

Aug 05, 2022

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…

Maersk to Acquire Logistics Firm Martin Bencher Group

Aug 05, 2022

Shipping group A.P. Moller-Maersk said on Friday it had agreed to buy Danish logistics company Martin Bencher Group in a deal valued at $61 million.'Martin Bencher will be an excellent fit to Maersk and our integrator strategy, strengthening…

Alfa Laval Acquires BunkerMetric

Aug 04, 2022

Alfa Laval has signed an agreement to acquire BunkerMetric, a Scandinavian software company that develops advanced decision support tools for the marine bunker segment. The company will be merged into weather intelligence software and decision support services frim StormGeo…

Global Ports Terminates Sale Talks with Shipping Firm MSC

Jul 12, 2022

Global Ports Holding Plc said on Tuesday it had terminated talks with Swiss-based MSC Mediterranean Shipping Company which had approached the world's largest cruise port operator to acquire it, adding it was confident about its strategic direction…

Mergers & Acquisitions: Alfa Laval Inks Deal to Acquire Scanjet

Jun 16, 2022

Alfa Laval signed an agreement to acquire marine tank cleaning equipment supplier Scanjet.Scanjet has expanded from fixed and portable tank cleaning equipment into intelligent tank management, and its solutions and organization will become part of Alfa Laval per an agreement signed on 16 June 2022…

Wärtsilä Acquires PortLink Global

Jun 15, 2022

Wärtsilä Voyage acquired PortLink Global, a global port solutions company headquartered in Vancouver, Canada. The move is intended to speed Wärtsilä Voyage along its path towards creating an end-to-end connected maritime ecosystem.The transaction was signed and closed in June 2022…

Hapag-Lloyd Acquires DAL's Container Liner Business

Jun 02, 2022

Hapag-Lloyd announced it has closed its acquisition of the container liner business of German carrier Deutsche Afrika-Linien (DAL), as the German liner shipping company aims to continue its growth in the South African market.Hapag-Lloyd, which signed the framework agreement in March 2022…

Wilhelmsen Increases Ownership in NorSea to 99%

Jun 01, 2022

Wilhelmsen acquired an additional 24% of shares in NorSea to secure 99% ownership of the Norwegian supply base company.NorSea, a provider of logistics services to the offshore industry for more than 60 years, first welcomed Wilhelmsen as one of the owners in 2012…

Anglo-Eastern Signs Agreement to acquire CMI

Jun 01, 2022

Anglo-Eastern Univan Group and the shareholders of Cruise Management International and CMI Leisure Management have signed a letter of intent regarding the sale of CMI to Anglo-Eastern. The move effectively opens up a new sector—expedition cruising—for Anglo Eastern's ship management operations…

North and Standard Club Members Approve Merger

May 27, 2022

Members of the North and Standard Clubs have voted to approve the merger between the two marine insurance firms, creating one of the largest providers of mutual cover in the maritime industries.The P&I clubs, which revealed plans to merge earlier this year…

Sercel Acquires Geocomp

May 19, 2022

CGG announced today that Sercel, its Sensing & Monitoring division, has acquired Geocomp Corporation, specialized in high-value services and products for geotechnical risk management and infrastructure monitoring. This acquisition gives Sercel…

Maersk Finds Potential Buyers for Its Stake in Russian Port Operator

May 05, 2022

Maersk has found possible buyers for its stake in Global Ports Investments, which operates ports in Russia as it withdraws from the country following a final cargo shipment this week, the Danish shipping group said on Wednesday.Maersk put its 30…

Logistics News

First Canadian Oil Export Cargo from Expanded Trans Mountain Pipeline Set to Load

First Canadian Oil Export Cargo from Expanded Trans Mountain Pipeline Set to Load

Port Houston Posts Double Digit Box Growth

Port Houston Posts Double Digit Box Growth

Ukraine's Waterborne Food Exports Fall 17.1%

Ukraine's Waterborne Food Exports Fall 17.1%

CJC Appoints Aik Hui Transactional Director in Singapore

CJC Appoints Aik Hui Transactional Director in Singapore

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