Mergers & Acquisitions News

 

Maritime Piracy Program Moves to ISWAN

Aug 07, 2015

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…

CMA CGM Takes Second Guyanamax Boxship

Aug 05, 2015

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 Opens Paris Office

Aug 05, 2015

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…

Marine Bodies Unite

Aug 05, 2015

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 Buys Sail Training Vessel

Aug 04, 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 Signs Iran MoU

Aug 03, 2015

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…

BBC Chartering Opens Vietnam Office

Jul 31, 2015

BBC Chartering announces the opening of a new representative office in Ho Chi Minh City, Vietnam, starting August 1st breakbulk, and general cargo transportation due to good prospects and growth rates outperforming other countries in the region…

Oceanteam Acquires Oceanwind

Jul 30, 2015

Oceanteam Shipping has acquired the remaining 48% stake in fellow Dutch firm Oceanwind and is now the sole owner of Oceanwind Cable Storage & Handling Solutions. As a result of the acquisition the company’s name will be changed to Oceanteam Cable Solutions…

Scorpio Tankers to Acquire Product Tanker

Jul 28, 2015

Scorpio Tankers Inc. announced today that it has entered into an agreement to purchase an MR product tanker.The Company reached an agreement with an unrelated third party to purchase an MR product tanker that was built in 2014 at SPP Shipbuilding Co…

Navig8 Amessi joins the Delta8 Pool

Jul 26, 2015

Navig8 Chemicals is pleased to announce the delivery of Navig8 Amessi, the eleventh of eighteen ECO 37,000dwt chemical tankers constructed at Korea's Hyundai Mipo Dockyard ('HMD'). We welcome the latest addition to our growing pool:Vessel…

Continental Delivered to Dorian LPG

Jul 24, 2015

Dorian LPG Ltd. an owner and operator of modern Very Large Gas Carriers (VLGC), reported today that it took delivery of the ECO VLGC Continental from Hyundai Samho Heavy Industries.Continental is Dorian LPG's seventh newbuilding delivery and will be operated in the Helios LPG Pool.

Halliburton Seen Facing Antitrust Issues on Baker Hughes Deal

Jul 22, 2015

Oilfield services provider Halliburton Co's acquisition of smaller rival Baker Hughes Inc is facing resistance from U.S. regulators who are concerned that the deal could hurt competition, Bloomberg reported. Justice Department lawyers reviewing…

Market Rife Merger Talk, NOL Says Not Yet

Jul 20, 2015

As Singapore's sovereign wealth fund, Temasek, readied is to sell Neptune Orient Lines (NOL), the market has been rife with merger talk with Hong Kong's Orient Overseas International Ltd (OOIL) and Hamburg's Hapag-Lloyd being leading candidates…

BW Group Buys Dorian Stake

Jul 20, 2015

Scorpio Tankers Inc has agreed to sell its 6 million common shares of Dorian LPG Ltd to BW Euroholdings Limited, a wholly owned subsidiary of BW Group Limited, for a purchase price of $15.34 per share.  The shares will be sold pursuant…

Vietnam to Go-ahead with $2.5 bln Port Project

Jul 19, 2015

Vietnam's government has agreed on a port project in the southern province of Ca Mau, costing some $2.5 billion according to media reports and which would be able to host some of the world's biggest ships.The Hon Khoai port would be built under a public-private partnership…

Logistics News

Maersk Chooses Charlotte for its North American Headquarters

Maersk Chooses Charlotte for its North American Headquarters

Ruling Allows South African Welfare Group to Inspect Vessels

Ruling Allows South African Welfare Group to Inspect Vessels

APM Terminals Invests $550m in Callao Port

APM Terminals Invests $550m in Callao Port

Liebherr BOS Cranes Celebrates 50 Years

Liebherr BOS Cranes Celebrates 50 Years

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APM Terminals invests $550 million in Peru's Callao Port
Rosneft reduces stake in Kurdistan Pipeline subsidiary to protect it from US sanctions
Iran releases the tanker Talara and all 21 crew members are safe