Well management and performance improvement specialist Exceed has bolstered its decommissioning credentials through a strategic alliance with international oil and gas service company, Weatherford. The collaboration will offer an end-to-end solution for well decommissioning…
Leading maritime exhibition offers gateway to maritime and offshore opportunities in Iran Europort has become the official and exclusive international partner of IRANIMEX, the leading maritime & offshore exhibition in Iran. The agreement…
Singapore and London, 6 April 2016: Singapore Telecommunications Limited (Singtel) and Inmarsat (LSE:ISAT.L) have entered into a strategic partnership to enhance maritime cyber security using Trustwave’s Unified Threat Management (UTM) solution…
Auditor KPMG says that the mergers and acquisitions (M&A) in the Transport sector will supersede the levels seen in 2015 this year. In 2016, mergers and acquisitions (M & A) in the Transport sector will supersede the levels seen in 2015 by exceeding the £ 52 billion mark…
China COSCO Shipping, the result of a merger in February between the country's top two state-owned shippers, is in talks with CMA CGM and several other major operators to create a new shipping alliance, say reports in local media. Wang Haimin…
Two global maritime security risk management providers Port2Port Maritime Security and Neptune Maritime Security announced they have agreed to merge. The combined group will provide significant scale and service advantages to the shipping and offshore industries…
Royal Boskalis Westminster N.V. (Boskalis) has concluded the acquisition of the dredging activities and assets of STRABAG Wasserbau GmbH. The transaction price of EUR 70 million has been financed from Boskalis' own cash.With the transaction Boskalis acquires the equipment…
Schlumberger Limited (NYSE:SLB) announced today that it has closed its merger with Cameron International Corporation. As previously announced, each Cameron stockholder is entitled to receive 0.716 shares of Schlumberger common stock and $14…
Seaspan Corporation (NYSE:SSW) announced today that it accepted delivery of a 10000 TEU containership, the MOL Benefactor. The new containership, which was constructed at Jiangsu Yangzi Xinfu Shipbuilding Co., Ltd., is Seaspan's ninth 10000 TEU SAVER design containership and first delivery in 2016…
In a new white paper, Consolidation in the liner industry, Drewry consider the merits, and pitfalls, of M&A activity within container shipping, but cautioned that strategy needs to be carefully through through. Container shipping remains remarkably fragmented…
The most often quoted reason for consolidation is the reduction in unit costs which can be obtained by an operator with a larger volume of business. The ways in which these reductions can be achieved in practice are discussed in a new white paper…
Inchcape Shipping Services (ISS), the world's leading maritime and logistics service provider, has expanded its operations in Mexico with the opening of a new office in Veracruz.The Veracruz office, ISS’ fourth in the country, will enable…
Navig8 Product Tankers Inc. an international shipping company focused on the transportation of petroleum products, today announced that it has taken delivery of the Navig8 Sanctity, a 110,000 DWT LR2 tanker, from Sungdong Shipbuilding & Marine Engineering Co…
Kongsberg GlobalSim, the wholly owned land-segment crane simulation subsidiary of Kongsberg Maritime is to become an independent business following a management buyout announced on 21st March 2016. The buyout will enable GlobalSim to focus on its core port crane…
Skangas, a unit of Gasum, signed a deal with Lyse Group to acquire the Risavika liquefied natural gas (LNG)production facility in Norway. The acquisition of the Risavika production plant will strengthen Skangas’s presence in the downstream…
