Mergers & Acquisitions News

 

Crowley’s Skoglund to Lead Mergers and Acquisitions Team

Apr 06, 2021

Crowley Maritime Corp. has appointed Trish Skoglund as corporate director of mergers and acquisitions, guiding strategic investments that create sustainable growth and accelerate the company’s competitive advantages.In her newly created role…

Jones Capital Acquires Rockport Terminals

Apr 01, 2021

Jones Capital said it has acquired Rockport Terminals, one of the largest private intermodal terminals on the Texas Gulf Coast.Rockport Terminals is located within 28 miles of the fast growing Port of Corpus Christi, but outside of the Port's tariff zone…

International Seaways to Buy Diamond S Shipping in $416 Million Deal

Mar 31, 2021

Tanker operator International Seaways Inc said on Wednesday it will buy Diamond S Shipping Inc for about $416 million, as it aims to expand its crude shipping capacity and create one of the largest U.S.-listed tanker companies.Diamond S shareholders will receive $10…

USTC Puts Digitalization on the Fast Track with BunkerEx Acquisition

Mar 29, 2021

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 Acquires 60% Stake in CM Biomas

Mar 25, 2021

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…

Jurong Port Buys Lim Family's Stake in Universal Terminal

Mar 22, 2021

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…

Hapag-Lloyd Acquires NileDutch

Mar 17, 2021

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 Doeksen Acquires Vuyk Engineering Rotterdam from Royal IHC

Mar 04, 2021

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 to Go Public in Latest SPAC Space Deal

Mar 01, 2021

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…

One-third of Hin Leong Founder's Ships Sold to Pay Down Debt

Mar 01, 2021

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 Acquires Tres Solutions

Feb 19, 2021

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…

SAAM Acquires 70% of Intertug

Jan 29, 2021

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…

United Overseas Group to Acquire United Arab Chemical Carriers

Jan 07, 2021

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 Acquires Two Great Lakes Vessels

Dec 31, 2020

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…

PSC Acquires Fryoux Tankerman Service

Dec 15, 2020

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…

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

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