Wednesday, April 8, 2015
Maritime News

Drybulk Shippers Genco and Baltic Trading Agree to Merge

Drybulk shipping company Genco Shipping & Trading Limited (OTCBB: GSKNF) and its subsidiary Baltic Trading Limited (NYSE: BALT) announced a definitive merger agreement under which Genco will acquire Baltic Trading,...

April 8, 2015
Total Views: 3

Offshore News

Shell-BG Deal Adds to North Sea Job Concern After Oil Collapse

Royal Dutch Shell Plc says its proposed $70 billion takeover of BG Group Plc will boost dividends and share buybacks for investors. North Sea workers in fear of their jobs after a collapse in oil prices will hope they’re as lucky.

April 8, 2015
Total Views: 1

Maritime News

Shell Will Buy BG Group for $70 Billion, Creating LNG Giant

Royal Dutch Shell Plc agreed to buy BG Group Plc for about 47 billion pounds ($70 billion), making Europe’s largest oil company the pre-eminent player in global natural gas and adding world-class fields in Brazil.

April 8, 2015
Total Views: 2

Tuesday, April 7, 2015
Maritime News

Shell in ‘Advanced Talks’ to Buy BG Group

Royal Dutch Shell Plc is in talks to acquire BG Group Plc in a deal that would vault Shell to the top of the global gas-export industry and gather together untapped discoveries from Brazil to East Africa.

April 7, 2015
Total Views: 1

Thursday, March 26, 2015
golden ocean
Maritime News

Knightsbridge and Golden Ocean Group Merger Approved, Creating Dry Bulk Giant

A merger between dry bulk shippers Golden Ocean Group Ltd (OSE: GOGL) and Knightsbridge Shipping Ltd (Nasdaq: VLCCF) has been formally approved by shareholders, thereby creating one of the largest dry...

March 26, 2015
Total Views: 5

Wednesday, March 25, 2015
Maritime News

Singapore’s Neptune Orient Lines Appears Ripe for Takeover After APL Logistics Sale

The shipping company that helped cement Singapore’s status as a global trade hub may be shaping up as a takeover candidate.

March 25, 2015
Total Views: 0

Tuesday, March 3, 2015
Maritime News

Crystal Cruises Sold to Asia’s Biggest Cruise Line Operator

NYK announced Tuesday that it has entered into an agreement for the sale of its U.S.-based luxury cruise line Crystal Cruises to Genting Hong Kong (GHK), the leading cruise operator in Asia.

March 3, 2015
Total Views: 91

Friday, January 9, 2015
News

Boskalis Ups Stake in Fugro

Dutch maritime services provider Royal Boskalis Westminster says it has increased its stake in Fugro N.V. to 20.01%, but assures that it is not a step towards making full offer for the company.

January 9, 2015
Total Views: 2

Monday, December 15, 2014
News

Boskalis and KOTUG Forming Harbor Towage Joint Venture

Dutch marine services provider Royal Boskalis Westminster N.V. and KOTUG International B.V., a leading harbor towage also based in the Netherlands, have agreed to merge their European harbor towage businesses.

December 15, 2014
Total Views: 3

Wednesday, December 3, 2014
Maritime News

Hapag-Lloyd CEO: IPO Not a Priority After Merger

German container shipping group Hapag-Lloyd, which is merging with Chile's Compania SudAmericana de Vapores, is in no rush to list its share on the stock exchange, its chief executive said on Wednesday.

December 3, 2014
Total Views: 3

Tuesday, November 25, 2014
cargo ship containers
Maritime News

Clarksons Seeking $441 Million Acquisition of RS Platou

Top ship broker Clarkson is seeking to acquire Norwegian brokerage and investment bank RS Platou for 281.2 million pounds ($441 million) in a deal that would create one of the sector's biggest players globally.

November 25, 2014
Total Views: 2

Thursday, September 11, 2014
hapag-lloyd
Maritime News

Hapag-Lloyd Merger With CSAV Wins Conditional EU Approval

Hapag-Lloyd and Compania SudAmericana de Vapores secured conditional European Union approval on Thursday for their tie-up to create the world's fourth-largest container shipping company.

September 11, 2014
Total Views: 1

Maritime News

P&O Maritime Buys Majority Stake in Spain’s Repasa

P&O Maritime, a subsidiary of Dubai's DP World, one of the world's largest port operators, has bought a majority stake in Spain's Remolcadores de Puerto y Altura (Repasa), the acquirer said in a statement on Thursday

September 11, 2014
Total Views: 1

Friday, September 5, 2014

Hapag-Lloyd, CSAV Merger to Win Conditional EU Approval -Sources

Hapag-Lloyd and Compania SudAmericana de Vapores will win conditional European Union approval for their merger that will create the world's fourth-largest container shipping company, two people familiar with the matter said.

September 5, 2014
Total Views: 1

Tuesday, September 2, 2014

Norwegian Cruise Lines to Acquire Prestige Cruises for $3 Billion

Norwegian Cruise Lines announced Tuesday that it has agreed to acquire Miami-based upper-premium and luxury cruise ship operator Prestige Cruises International for just over $3 billion.

September 2, 2014
Total Views: 1

Tuesday, August 19, 2014
Maritime News

Star Bulk Acquires 34 Vessels from Excel Maritime

International dry bulk shipping company Star Bulk announced Tuesday an agreement to acquire 34 vessels from troubled shipowner Excel Maritime Carriers.

August 19, 2014
Total Views: 27

Friday, July 25, 2014
Maritime News

Hamburg Süd to Acquire CCNI in $160 Million Deal

German container shipper Hamburg Süd announced today it has reached an agreement with Compañía Chilena de Navegación Interoceánica S.A. (CCNI) to acquire their container shipping business.

July 25, 2014
Total Views: 7

Monday, April 7, 2014
News

Saltchuk Acquires Tropical Shipping for $220 Million

A subsidiary of Seattle-based Saltchuk Resources, one of the nation’s leading transportation and petroleum distribution companies, has entered into a binding purchase and sale agreement to acquire Tropical Shipping, a...

April 7, 2014
Total Views: 8

Maritime News

Alfa Laval Buys Norwegian Pump Maker Frank Mohn for $2.2 Billion

By Andrew Noel and Veronica Ek April 7 (Bloomberg) — Alfa Laval AB agreed to buy Norwegian pumpmaker Frank Mohn AS, the manufacturer of Framo pumps, for 13 billion kroner ($2.2 billion) to...

April 7, 2014
Total Views: 3

Monday, February 24, 2014
Maritime News

Australia’s Mermaid Marine to Buy Jaya Offshore Business

Australian marine logistics firm Mermaid Marine Australia Ltd said on Tuesday it had agreed to buy the offshore businesses of Singapore's Jaya Holdings Ltd for A$550 million ($495.96 million) in cash to expand its international portfolio.

February 24, 2014
Total Views: 6