High Shipping Costs Are Here to Stay, Says Bloomberg
By Henry Ren (Bloomberg) Stubbornly high shipping expenses for businesses are getting sealed into contracts for the next 12 months, forcing companies to pass the extra costs on to consumers....
Breda, the Netherlands, Dockwise announced today that, through its wholly-owned subsidiary Dockwise White Marlin B.V., Dockwise now controls 80.4% of the outstanding shares of Fairstar Heavy Transport N.V. Over the weekend shares were bought from various shareholders including Dutch investment group Indofin and Parkland.
Dockwise has agreed the purchase of 17,834,122 shares or 20% in Fairstar, increasing its holdings from 60.4% to 80.4%. Shares were bought from Indofin/Parkland and certain other shareholders.
Back in April, Dockwise launched their hostile takeover campaign to acquire Fairstar, click HERE to read more of how this drama has played out.
Join the 67,585 members that receive our newsletter.
Have a news tip? Let us know.