By Gavin van Marle - DP World has completed its acquisition of European feeder and shortsea shipping line Unifeeder after this week securing clearance from European monopolies regulators. The €660m deal – the first in which a port operator has taken over a carrier – had been investigated by the European Commission’s competition department. “The commission concluded that … [Read more...]
Tidewater Completes Combination with GulfMark Offshore
U.S.-based offshore supply vessel company Tidewater has completed its merger with rival Gulfmark Offshore, thereby creating a new global leader in the offshore support vessel sector in terms of total fleet size. Tidewater Inc. (NYSE: TDW) announced the closing of the deal on Thursday with support from over 99% of shareholders from both companies. All closing … [Read more...]
Offshore Driller Ensco to Buy Rowan in $2.38 Billion Deal
By John Benny and Shanti S Nair Oct 8 (Reuters) - Deep-sea oil driller Ensco Plc said on Monday it would buy smaller rival Rowan Cos Plc in an all-stock deal valued at $2.38 billion, to take advantage of a nascent recovery in the sector fueled by strengthening oil prices. Offshore drilling, the worst hit during the 2014 slide in oil prices, is set to benefit as recent … [Read more...]
Viking to Acquire Free-Fall Lifeboat Maker Norsafe
Danish maritime safety equipment company VIKING Life-Saving Equipment announced today it has acquired Norwegian lifeboat-builder Norsafe. Established in 1903, Norsafe produces a full range of free-fall lifeboats and fast rescue boats with davits and have supplied over 28,000 lifeboats to the global ship market over the years. Its advanced lifeboat products are … [Read more...]
Transocean to Acquire Ocean Rig in $2.9 Billion Deal
By Will Wade and Simon Casey (Bloomberg) -- Transocean Ltd., the world’s largest offshore drilling company, agreed to buy a smaller rival in a $2.9 billion deal, with rates for deepwater rigs forecast to double in two years. The cash-and-stock acquisition of Ocean Rig UDW Inc. will give Transocean a fleet of nine ultra-deepwater drillships and two harsh environment … [Read more...]