Tuesday, January 5, 2021

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: 730

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

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: 3673

Monday, December 7, 2020
oil tanker at sea

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: 2607

Monday, November 30, 2020
offshore support vessels

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: 3849

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: 138

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: 16

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: 7

Monday, August 10, 2020
keppel shipyard

Temasek Unit Scraps $3 Billion Bid for Keppel

By Krystal Chia (Bloomberg) — Kyanite Investment Holdings, a unit of Singapore state-backed investor Temasek Holdings Pte, scrapped its bid to take control of Keppel Corp. after the oil-rig builder...

August 10, 2020
Total Views: 9

Friday, July 31, 2020
Maritime News

Temasek’s $3 Billion Bid for Keppel at Risk as Conglomerate Reports Big Loss

By Aradhana Aravindan and Anshuman Daga SINGAPORE, July 31 (Reuters) – Singaporean conglomerate Keppel Corp swung to a big second-quarter loss on Thursday that breaches a threshold in state investor...

July 31, 2020
Total Views: 93

Wednesday, July 22, 2020
Maritime News

Huntington Ingalls Makes Strategic Investment in Autonomous Technology Company Sea Machines

Boston-based Sea Machines says it has raised $15 million in funding with significant participation from Huntington Ingalls Industries (HII), America’s leading military shipbuilder. Founded in 2015, Sea Machines has become...

July 22, 2020
Total Views: 20

Tuesday, July 21, 2020
container shipping
Maritime News

Wilhelmsen Ship Management Acquires 50% Stake in Ahrenkiel Steamship

Wilhelmsen Ship Management has teamed up with Hamburg-based investment firm MPC Capital by acquiring a 50% stake in Ahrenkiel Steamship, a MPC Capital subsidiary. Once finalized, the joint venture will...

July 21, 2020
Total Views: 38

offshore rig

Chevron’s $5 Billion Deal for Noble Ends Deal Drought

By Arathy S Nair July 21 (Reuters) – Chevron Corp’s surprise $5 billion all-stock deal for oil producer Noble Energy should spell the end of this year’s deal drought, setting...

July 21, 2020
Total Views: 9

Thursday, July 9, 2020
Cruise Ships

TUI Completes Sale of Hapag-Lloyd Cruises to Joint Venture

Germany-based TUI Group has completed the sale of its subsidiary Hapag-Lloyd Cruises to TUI Cruises, a joint venture which TUI has with Royal Caribbean. TUI Group agreed to the sale...

July 9, 2020
Total Views: 24

Monday, July 6, 2020
Maersk ship
Maritime News

Maersk Expands In-Land Logistics with Customs Broker Acquisition

COPENHAGEN, July 6 (Reuters) – Maersk said on Monday it had agreed to buy Sweden-based customs broker KGH Customs Services for 2.6 billion Swedish crowns ($281 million), as the container...

July 6, 2020
Total Views: 10

Thursday, April 2, 2020
daewoo shipbuilding
Maritime News

EU Antitrust Regulators Halt Hyundai, Daewoo Deal Probe

BRUSSELS, April 2 (Reuters) – EU antitrust regulators have halted their investigation into world No. 1 shipbuilding group Hyundai Heavy Industries’ $1.8 billion merger with Daewoo while waiting for the...

April 2, 2020
Total Views: 8

Wednesday, February 19, 2020
maersk freight cargo
Maritime News

Maersk Expands Logistics Push with Purchase of U.S. Warehousing Firm

COPENHAGEN, Feb 19 (Reuters) – Danish shipping group A.P. Moller-Maersk said on Wednesday it had agreed to buy U.S. warehousing and distribution firm Performance Team as part of plans to deliver more...

February 19, 2020
Total Views: 9

Thursday, January 30, 2020
kirby tank barge
Maritime News

Kirby to Acquire Savage Inland Marine’s Tank Barge Fleet for $278 Million

Image courtesy Kirby Corp. Houston-based tank barge operator Kirby Corporation has signed a agreement to acquire the inland tank barge fleet of Savage Inland Marine for approximately $278 million.  Savage’s...

January 30, 2020
Total Views: 17

Tuesday, January 21, 2020
Maritime News

Kleven Verft to Get New Owners

Croatian industrial group DIV Group has agreed to purchase Norwegian shipyard Kleven Verft from Hurtigruten. DIV Group is owner of Brodosplit, the largest shipyard in Croatia. Under the deal, which...

January 21, 2020
Total Views: 22

Tuesday, December 3, 2019
Maritime News

Unifeeder Expands Footprint with Feedertech Acquisition

By Mike Wackett (The Loadstar) Unifeeder has expanded its global reach and closed the gap on market leader X-Press with its acquisition of a majority stake in Singapore-based feeder and...

December 3, 2019
Total Views: 15

Friday, November 15, 2019
saipem 12000
Maritime News

Italy’s Saipem to Consider Combining With Rival Subsea 7

By Ed Hammond, Daniele Lepido and Dinesh Nair (Bloomberg) –Saipem SpA is considering a combination with rival Subsea 7 SA in what could rank as one of the European oil...

November 15, 2019
Total Views: 8