Anglo-Eastern Group and Univan Group have reached an agreement which culminates as the largest ever merger of independent, third-party ship management companies, now known as the Anglo-Eastern Univan Group. Already in the top three global ship management companies…
Allcargo Logistics has announced the acquisition of two additional vessels aggregating 24000 DWT. for its coastal shipping business. Post this acquisition Allcargo now owns a total of five cargo vessels making it one of the largest players in the logistics industry…
Pon Holdings BV will take over part of the bankrupt Royal Imtech, a leading company in the global maritime market. Dutch engineering services company Imtech Marine will continue to operate independently after the acquisition. Parcom Capital is also partnering in this acquisition…
Pon Holdings and Parcom Capital announced they have agreed to buy Imtech Marine, the marine division of Dutch engineering services company Royal Imtech who has been declared bankrupt. No monetary figures have been shared. The final details of the takeover are yet to be worked out…
The merger talk between two state-run shipping conglomerates Cosco Group and China Shipping Group is on strong footing on on Beijing’s command. According to sources, the companies would release an outline plan within three months. Chinese…
Local media quote Huntington Ingalls Industries (HII) as announcing this week the Avondale Shipyard, just upriver from New Orleans, is being sold. The historic, 206-acre facility is on the market after a tumultuous last five years that have included layoffs and threats to close the shipyard…
The ocean carrier merger - between China’s two state-owned megacarriers, COSCO and CSCL - rumours are back in the news! The beleaguered state behemoths struggling in a protracted industry slump - China Ocean Shipping Group (Cosco) and…
Manufacturer of quality hydraulic steering actuators will join Kobelt to expand marine system offerings.Kobelt announced today the acquisition of Accu-Steer Inc., a US-based manufacturer of quality Hydraulic Steering Actuators.Founded by Bill Pulse and Paul Barber in 1993…
APM Terminals and GF Group are pleased to announce the acquisition of 100% of Reefer Terminal S.p.A. by APM Terminals has been completed today. Terms and price were not disclosed. Reefer Terminal, the largest refrigerated terminal in the Mediterranean for more than thirty years handling 600…
The boards of the International Seafarers Welfare and Assistance Network (ISWAN) and the Maritime Piracy Humanitarian Response Program (MPHRP) have informed about the moving of the activities of the MPHRP into ISWAN. A transfer agreement was signed by both parties on August 3…
The CMA CGM Group Informed that the CMA CGM MARSEILLE – 2nd vessel of its GUYANAMAX 3 - vessels series – was delivered in South Korea on July 29th.This 2,100 TEU containers capacity vessel – including 530 Reefer containers – is 190 meters long and 30 meters wide…
LOC, a leading global marine and engineering consultancy for the shipping and offshore energy industry announces the expansion of its European operations with the opening of its Paris office today (4 August 2015).The office is the first…
The boards of the International Seafarers Welfare and Assistance Network (ISWAN) and the Maritime Piracy Humanitarian Response Programme (MPHRP) are pleased to announce the moving of the activities of the MPHRP into ISWAN. A transfer agreement was signed by both parties on 3 August 2015…
Ocean Youth Trust South, one of the UK’s leading sail training charities for young people, has announced that the charity has just agreed the purchase of Prolific – a stunning vessel with real beauty and genuine character.Prolific was built in 2005…
Contship Italia Spa, also on behalf of Eurogate GmbH & Co. KGaA, KG, recently signed a strategic Memorandum of Understanding (M.O.U.) with Sina Port & Marine Company (SPMCO), part of SINA Group which is one of the largest Iranian companies…
