Mergers & Acquisitions News


China Forms New State-owned China Logistics Group

Dec 06, 2021

China formally established a new state-owned logistics group on Monday, state broadcaster CCTV reported on Monday, to strengthen domestic and global supply chains amid widespread disruptions caused by the pandemic.China Logistics Group aimed…

Ocean Infinity Acquires Red Rock

Oct 12, 2021

Marine robotics company Ocean Infinity announced it has acquired Red Rock, a technology company with solutions that will enable autonomous port operations, an enabler for future uncrewed shipping.Red Rock is developing digital and autonomous…

Greece Completes Transfer of 16% Stake in Piraeus Port to COSCO

Oct 08, 2021

Greece's privatizations agency transferred shares corresponding to a 16% stake in Piraeus Port Authority to Chinese port operator COSCO Shipping after an amendment to a previous concession agreement, it said on Thursday.Last month Greek lawmakers…

Canada's CPPIB to Buy Ports America from Oaktree

Sep 30, 2021

Canada Pension Plan Investment Board (CPPIB) said on Wednesday it had agreed to buy Ports America, one of the largest marine terminal operators in the United States, from investment firm Oaktree Capital Management LP.While no valuation was given in the announcement statement…

RINA Acquires Logimatic Solutions

Sep 01, 2021

RINA acquired the entire share capital of Logimatic Solutions, a Danish software company with a turnover of about 6 million Euros that will be fully integrated within the RINA Group. Its nearly 50 employees will continue in the current structure from its offices in Denmark…

MPC Container Ships Completes Songa Acquisition

Aug 09, 2021

MPC Container Ships ASA announce on Tuesday that it has completed its acquisition of Songa Container AS.MPC announced in June that it had entered the share purchase agreement to acquire 100% of Songa shares for $210.25 million on a debt and cash free basis…

Erma First Acquires one TANK LLC, "World's Smallest BWTS"

Jul 26, 2021

Ballast water equipment maker Erma First expands its portfolio and brings 'the world’s smallest' ballast water treatment system to the international market through its acquisition of US firm oneTANK LLC.oneTANK, a subsidiary of Glosten, developed a small scale innovative…

Asyad Looks Abroad for Possible Expansion

Jul 15, 2021

Oman's state-owned Asyad is considering buying ports and terminals abroad and could divest assets outside its core logistics business, such as a college and project management operation, its chief executive said on Thursday.The plans by the company…

PTL Unites Marine Legacy Companies Under One Brand

Jul 02, 2021

Fort Worth, Texas based Pilot Thomas Logistics’ (PTL) said it will unify its family of marine companies including Economy Boat Store, General Petroleum, Radcliff/Economy Marine Services, Rainier Petroleum and Maxum Petroleum under one brand…

LR to Focus on Shipping with Sale of Division to Goldman Sachs Arm

Jun 29, 2021

British professional services provider Lloyd’s Register (LR) has agreed to sell its business assurance and cyber security division to Goldman Sachs Asset Management as the company focuses on maritime activities, executives said on Tuesday.The…

MPC Container Ships to Acquire Songa Container

Jun 22, 2021

MPC Container Ships ASA (MPCC) announced it has reached a deal to acquire fellow Norwegian-based container shipping company Songa Container AS for $210.25 million on a debt and cash free basis. The transaction is expected to be completed by the end of July 2021…

Enstructure to Acquire Patriot Ports

Jun 22, 2021

U.S. terminal and logistics company Enstructure announced it has entered into a definitive agreement to acquire Patriot Port Holdings LLC.  Patriot Ports, the ports division of Patriot Rail & Ports and a sister company of Patriot Rail Company LLC…

TotalEnergies Buys Stake in Novatek's Arctic Transshipment

Jun 03, 2021

TotalEnergies has signed a sale and purchase agreement with Novatek to acquire 10% of Arctic Transshipment LLC, a wholly owned subsidiary of Novatek, which owns and will operate two liquefied natural gas (LNG) transshipment terminals being built in the Murmansk and Kamchatka regions of Russia…

COSCO Hopes for Greek Deal on Piraeus Despite Delay

May 28, 2021

Chinese shipping group COSCO hopes to reach a deal with the Greek government to complete the purchase of an extra stake in Piraeus, despite running out of time to fulfil a key condition, a top official at the port said.Under a 2016 Greek privatization agreement…

Maritime Safety: Viking Aquires HydroPen Container FiFi System

May 05, 2021

Viking Life-Saving Equipment has acquired HydroPen, the company behind the unique HydroPen container firefighting solution.  HydroPen, attached to a ship’s hose and raised on a telescopic arm by a single crew member, uses water pressure alone…

Logistics News

Höegh Autoliners Orders Customized Simulators from Kongsberg Digital

Höegh Autoliners Orders Customized Simulators from Kongsberg Digital

Houthis Claim Attack on Four Ships at Israel's Haifa Port

Houthis Claim Attack on Four Ships at Israel's Haifa Port

Fire Suspends Sugar Loading at Tiplam Terminal in Brazil's Santos Port

Fire Suspends Sugar Loading at Tiplam Terminal in Brazil's Santos Port

Houston Container Volumes Up 21% in May

Houston Container Volumes Up 21% in May

Subscribe for Maritime Logistics Professional E‑News