Photo credit: Maersk 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 customised logistics solutions. Maersk said the the value of the deal is $545 million, including lease liabilities of around $225 … [Read more...]
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 tank barge fleet consists of 90 inland tank barges with approximately 2.5 million barrels of capacity and 46 inland towboats. The deal includes the assumption of … [Read more...]
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 is expected to be finalized in a matter of weeks, Kleven Verft will keep its name and operate as its own company under the DIV Group umbrella. Kleven Verft is loceted in … [Read more...]
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 shortsea operator Feedertech Group. DP World-owned Unifeeder will buy a 77% stake in Feedertech, with the Singapore registered company’s chairman, Ali Maghami, retaining the remaining … [Read more...]
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 services industry’s biggest-ever deals, people with knowledge of the matter said. The Italian company is pursuing a potential transaction with Norway-listed Subsea 7 as it seeks to bulk up and weather an … [Read more...]