Thursday, October 7, 2021

Clean Sea Transport Acquires Marinvest’s Fleet of Methanol-Fueled and Ice Class Tankers

Clean Sea Transport, the joint venture between MSEA Group, Arkview Capital, and Scorpio Tankers (NYSE:STNG), has acquired 100% interest in Marinvest’s fleet of methanol-fueled tankers, along with four ice class...

October 7, 2021
Total Views: 638

Monday, October 4, 2021
lng carrier panama canal

Investment Firm to Acquire Teekay LNG in $6.2 Billion Deal

Teekay LNG Partners (NYSE:TGP), the LNG shipping arm of Teekay Corporation (NYSE: TK), has announced an agreement to to be acquired by investment firm Stonepeak in a deal valued at...

October 4, 2021
Total Views: 985

Wednesday, September 29, 2021
crane loading container

Canadian Pension Fund to Acquire Ports America, North America’s Largest Marine Terminal Operator

Canadian pension fund CPP Investments will acquire 100% ownership of Ports America from Oaktree Capital Management at a reported valuation of more than $4 billion. Jersey City, New Jersey-based Ports...

September 29, 2021
Total Views: 2504

Tuesday, September 28, 2021

Maersk to Divest Reefer Container Business for Nearly $1 Billion

China International Marine Containers has struck a deal with A.P. Moller – Maersk to acquire Maersk Container Industry, a leading manufacturer of refrigerated containers, for almost $1 billion. The deal...

September 28, 2021
Total Views: 2317

Wednesday, September 22, 2021

COSCO Shipping Unit Takes Minority Stake in Favored Hamburg Container Terminal

The port operations arm of COSCO Shipping will buy a minority stake in Port of Hamburg’s Container Terminal Tollerort (CTT), the main calling point for COSCO Shipping ships in Germany....

September 22, 2021
Total Views: 869

Wednesday, September 8, 2021

Neptune Is Said to Consider Merger With Rival Harbour Energy

By Dinesh Nair, Ruth David and Laura Hurst (Bloomberg) — Neptune Energy Group Ltd., the private equity-backed explorer, is considering options including a merger with Harbour Energy Plc that could create...

September 8, 2021
Total Views: 599

Saturday, August 28, 2021

Navios Merges Into Largest U.S. Listed Shipping Company

The Monaco-based Navios Maritime Partners (NMM) is acquiring the debt-laden Navios Maritime Acquisition Company (NNA) to create a massive containership, bulker, and tankship company with over 140 ships. This will...

August 28, 2021
Total Views: 1476

Thursday, August 19, 2021
Press Releases

RWU Law Acquires The Journal of Maritime Law and Commerce

Rhode Island’s only law school acquires the U.S.’s leading maritime law periodical, a boon for the profession and students alike BRISTOL, R.I., August 19, 2021 ­­– Roger Williams University School of...

August 19, 2021
Total Views: 434

Monday, August 16, 2021

Seacor Holdings Acquires Jones Act Shipping Company U.S. Shipping Corp

Fort Lauderdale, Florida-based Seacor Holdings has acquired Jones Act shipping company U.S. Shipping Corp. USSC is provider of long-haul marine transportation for chemical and petroleum cargoes in the U.S. coastwise...

August 16, 2021
Total Views: 4285

Monday, July 19, 2021
Oil Tanker Bridge

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: 1598

Friday, July 16, 2021

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: 1014

Friday, July 2, 2021

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: 1325

Tuesday, June 22, 2021

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: 1071

Friday, June 18, 2021
shipping container

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: 2107

Monday, June 14, 2021

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: 5032

Monday, April 19, 2021

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: 3213

Wednesday, March 31, 2021
oil tanker loading

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: 1737

Thursday, March 25, 2021
offshore drillship

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: 3180

Wednesday, March 10, 2021
maersk freight cargo

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: 11206

Thursday, February 25, 2021

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: 3196