USTC has acquired BunkerEx in a move to step up and streamline digitalization activities across USTC companies.BunkerEx caters to digitalization and transparency within logistics and transport, providing accessibility and optimization of online platform for fueling costs…
USTC has acquired 60% of CM Biomass, the world’s largest independent wood pellet trading company, a move designed to consolidate USTC as a global force in shipping and trade. USTC, which has a long history within commodity trade, shipping, and logistics…
Singapore port operator Jurong Port has completed its acquisition of a stake in a major oil storage terminal in the city-state from the family behind collapsed oil trader Hin Leong Trading Pte Ltd, a port spokesman said on Saturday.The spokesman…
German container shipping company Hapag-Lloyd announced Wednesday it has reached a deal to acquire NileDutch, based in the Netherlands, strengthening Hapag-Lloyd's position in the African market.The sale and purchase agreement will see Hapag-Lloyd acquire all shares of Nile Dutch Investments B…
Royal IHC and Royal Doeksen reached an agreement on the acquisition of all shares in Vuyk Engineering Rotterdam, a continuation of IHC's plan hatched in mid-2020 to return its core business and divest itself of pieces that did not fit. The decision was taken that Vuyk…
Satellite data company Spire Global Inc said on Monday it has agreed to go public through a merger with blank-check acquisition firm NavSight Holdings Inc at a $1.6 billion valuation.It is the latest example of a special purpose acquisition…
About one third of the roughly 150 ships owned by companies controlled by Singapore tycoon Lim Oon Kuin and his family have been sold as part of efforts to repay billions of dollars of debt owed to creditors, two sources told Reuters.Accounting firm Grant Thornton…
NAVTOR continues to evolve its eNavigation solutions with the acquisition announced today of Tres Solutions, a 5-year-old Houston-based tech start up that specializes maritime software and analytics, a natural fit for NAVTOR as it pushes to…
Port, logistics and towage services provider SAAM announced on Friday that it has finalized a $49.7 million deal to purchase 70% of post-capitalization shares of Intertug, enabling SAAm to begin towage operations in Colombia and expand its operations…
Investment company United Overseas Group (UOG) is to acquire Dubai-based shipping company United Arab Chemical Carriers (UACC), the two companies said on Thursday.The deal is subject to regulatory approvals and is expected to close in the first quarter…
Interlake Holding Company announced today the purchase of the assets of Pere Marquette Shipping Company and Lake Michigan Car Ferry Company in an acquisition that includes two working Great Lakes vessels, the articulated tug-barge Undaunted…
Petroleum Service Corporation (PSC), a provider of tankerman services, product handling and site logistics for the petrochemical and refining industries, announced Tuesday that it signed an agreement to acquire certain assets from shoreside tankerman company Fryoux Tankerman Service…
Lloyd's Register (LR) said it has reached a deal to acquire Navico Group’s C-MAP commercial marine business, a provider of commercial marine cartography and digital publications, shore-side and shipside voyage optimization, cloud-based fleet management and fleet analytics software…
Greece on Friday received nine non-binding bids for a 67% stake in Igoumenitsa port, its privatization agency said on Friday.Bids were submitted by Aegean Oil, Attica Holdings and a consortium of Archirodon Group and ANEK & Trident Hellas Group…
Greece has received five non-binding bids to operate part of a port in northern city of Kavala, the country's privatization agency (HRADF) said on Friday.HRADF received expressions of interest for a sub-concession to operate a multipurpose terminal of Philippos II port…
