Monday, July 19, 2021
Oil Tanker Bridge
Shipping

International Seaways and Diamond S. Shipping Complete Tanker Mega Merger

New York-listed tanker companies International Seaways, Inc. (NYSE: INSW) and Diamond S Shipping Inc. (NYSE: DSSI) have completed their merger, creating one of the largest publicly traded tanker companies in...

July 19, 2021
Total Views: 1562

Friday, July 16, 2021
Environment

MOL Picks Up 40% Stake in Methanol Tanker Company Waterfront Shipping

Japanese shipping line Mitsui O.S.K. Lines will acquire a 40 percent stake in Methanex’s Vancouver-based subsidiary Waterfront Shipping (WFS), which operates the world’s largest fleet of methanol tankers, for $145...

July 16, 2021
Total Views: 981

Friday, July 2, 2021
Shipping

Danaos Takes Full Stake in Five-Ship Gemini Joint Venture

Greek containership owner Danaos (NYSE: DAC) has exercised its option to acquire the remaining 51% equity in its joint venture Gemini Shipholdings Corporation. Gemini owns a fleet of five containerships...

July 2, 2021
Total Views: 1319

Tuesday, June 22, 2021
containership
Shipping

MPCC to Acquire Songa Container, Adding 11 Ships to Feeder Fleet

Oslo-based MPC Container Ships (MPCC) has entered into an agreement to acquire Songa Container AS and its fleet of 11 container smaller containerships for $210 million. The ships have an...

June 22, 2021
Total Views: 1063

Friday, June 18, 2021
shipping container
Shipping

Mitsubishi HC Capital Pays Premium to Acquire Container Leasing Giant CAI International

Tokyo-based finance firm Mitsubishi HC Capital Inc. will acquire all outstanding shares of CAI International (NYSE: CAI), one of the world’s leading marine container leasing companies, for $56 per share...

June 18, 2021
Total Views: 2089

Monday, June 14, 2021
containership
Shipping

Containership Owner Costamare Enters Dry Bulk Shipping Sector

U.S.-listed containership owner and charterer Costamare Inc. (NYSE: CMRE) announced the acquisition today of 16 dry bulk vessels, marking a new sector for the company. The vessels, which are currently...

June 14, 2021
Total Views: 5000

Monday, April 19, 2021
Shipbuilding

Bollinger Acquires Gulf Island Fabrication’s Houma Shipyard

Bollinger Shipyards announced today it has acquired the shipyard facilities of Gulf Island Fabrication (NASDAQ:GIFI). Lockport, Lousianna-based Bollinger Shipyards is a leading privately-held designer and builder of steel military and...

April 19, 2021
Total Views: 3182

Wednesday, March 31, 2021
oil tanker loading
Shipping

Tanker Mega Merger: NYSE-Listed International Seaways and Diamond S. Shipping to Combine

New York-listed tanker companies International Seaways, Inc. (NYSE: INSW) and Diamond S Shipping Inc. (NYSE: DSSI) have announced an all-stock merger that will create the world’s second largest US-listed tanker...

March 31, 2021
Total Views: 1732

Thursday, March 25, 2021
offshore drillship
Offshore

Offshore Drillers Noble and Pacific Drilling to Merge in All-Stock Deal

Offshore drilling contractors Noble Corporation and Pacific Drilling will combine in an all-stock transaction that will see Noble will acquire Pacific Drilling. A definitive merger agreement was unanimously approved by...

March 25, 2021
Total Views: 3172

Wednesday, March 10, 2021
maersk freight cargo
Shipping

Maersk is Said to Weigh Sale of $1 Billion Reefer Container Unit

By Vinicy Chan, Christian Wienberg and Aaron Kirchfeld (Bloomberg) — A.P. Moller-Maersk A/S is considering a sale of its refrigerated container business as demand for the cold storage units surges during...

March 10, 2021
Total Views: 11184

Thursday, February 25, 2021
Shipbuilding

Leidos to Acquire Famed Naval Architecture Firm Gibbs & Cox for $380 Million

Defense contractor Leidos (NYSE: LDOS) has announced a definitive agreement to acquire U.S.-based naval architecture firm Gibbs & Cox for $380 million in cash. The acquisition was revealed this week...

February 25, 2021
Total Views: 3180

Monday, February 22, 2021
lng carrier
Shipping

GasLog to Go Private in Merger Deal with BlackRock

Greece-based LNG shipping company GasLog (NYSE: GLOG) has entered into an agreement to merge with a unit of the world’s largest asset management firm BlackRock, resulting in the NYSE-listed company...

February 22, 2021
Total Views: 2021

Friday, February 19, 2021
Shipping

Crowley Integrates Naval Architecture Subsidiary Jensen Maritime Into Shipping Unit

Florida-based Crowley says it has fully integrated its naval architecture subsidiary Jensen Maritime into a new engineering services group under the Crowley umbrella. Crowley says the new group, named Crowley...

February 19, 2021
Total Views: 1938

Tuesday, January 5, 2021
containership
Shipping

Navios Maritime Partners and Navios Maritime Containers Seal Merger Deal

U.S.-listed Navios Maritime Partners L.P. (NYSE: NMM) and Navios Maritime Containers L.P. (NASDAQ: NMCI) have announced a definitive merger agreement in which Navios Partners will acquire all of the publicly...

January 5, 2021
Total Views: 848

Tuesday, December 29, 2020
world's largest cruise ship Symphony of the Seas
Shipbuilding

Deadline Looms for Italian-French Shipbuilding Deal

MILAN, Dec 29 (Reuters) – Italian shipbuilder Fincantieri’s planned acquisition of state-controlled French rival Chantiers de l’Atlantique to create a European “Airbus of the Seas” is facing collapse barring last-minute...

December 29, 2020
Total Views: 3720

Monday, December 7, 2020
oil tanker at sea
Shipping

NYSE-Listed SEACOR Holdings to Go Private in $1 Billion All-Cash Deal

Fort Lauderdale, Florida-based SEACOR Holdings has announced that it has entered into a definitive agreement to take the company private in a deal that values the company at approximately $1...

December 7, 2020
Total Views: 2661

Monday, November 30, 2020
offshore support vessels
Offshore

ADNOC in Talks to Buy Offshore Oil Services Firm Zakher Marine

By Nicolas Parasie (Bloomberg) — Abu Dhabi National Oil Co. is a potential contender to buy a local offshore oil-services firm that counts the state-owned crude producer among its major clients,...

November 30, 2020
Total Views: 4258

Monday, November 9, 2020
vlcc tanker
Maritime News

Ownership Shake-up at Tanker Pool Operator Heidmar

Heidmar Chief Executive Officer Pankaj Khanna has taken full control of the tanker pool management company from shipping billionaire George Economou. The company announced Monday that Mr. Pankaj Khanna has...

November 9, 2020
Total Views: 270

Friday, October 2, 2020
Maritime News

Noble Energy Shareholders Approve Chevron Takeover

HOUSTON, Oct 2 (Reuters) – Noble Energy shareholders on Friday approved a deal to sell the oil and gas producer to Chevron Corp, making Chevron the No. 2 U.S. shale...

October 2, 2020
Total Views: 34

Wednesday, September 23, 2020
cma cgm container ship
Maritime News

CMA CGM Spreads Its Wings with 30% Stake in French Airline Dubreuil Aero

PARIS, Sept 23 (Reuters) – Shipping group CMA CGM has agreed to buy a 30% stake in French airline company Groupe Dubreuil Aero as it continues to extend its presence...

September 23, 2020
Total Views: 18