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: 79

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: 16

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: 50

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: 27

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: 18

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: 24

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: 52

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: 50

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: 32

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: 10

Wednesday, November 6, 2019
offshore wind farm
Maritime News

Shell to Buy French Offshore Wind-Power Developer

By Kelly Gilblom (Bloomberg) — Royal Dutch Shell Plc has agreed to buy French offshore wind developer Eolfi SA, continuing its expansion into renewable power. The Anglo-Dutch oil major is...

November 6, 2019
Total Views: 4

Tuesday, October 29, 2019
Maritime News

Norway Rejects Accommodation Vessel Mega-Merger

The Norwegian Competition Authority has rejected the proposed mega-merger of accommodation vessel operators Prosafe and Floatel on the grounds that the merger would lead to increased prices through less competition. ...

October 29, 2019
Total Views: 6

Monday, October 21, 2019
keppel shipyard
Maritime News

Keppel Receives Takeover Offer That Could Too Good to Pass Up

By David Ramli (Bloomberg) –Singapore’s Temasek Holdings Pte plans to take control of Keppel Corp. for about S$4 billion ($3 billion) and undertake a review of the oil-rig builder’s business...

October 21, 2019
Total Views: 26

Tuesday, October 15, 2019
vigor industrial
Maritime News

Carlyle Completes Vigor, MHI Holdings Acquisition

Global investment firm The Carlyle Group (NASDAQ: CG) and private equity firm Stellex Capital Management today announced they have closed on their acquisition of Portland, Oregon-based Vigor Industrial and Norfolk,...

October 15, 2019
Total Views: 54

Friday, September 20, 2019
kea trader salvage
Maritime News

Ardent Top Management to Buyout Partners Svitzer, Crowley

Top management of US-based salvage and offshore decommissioning company Ardent will buy-out the company from founding partners Svitzer and Crowley after receiving financial support. The financing will come from AURELIUS...

September 20, 2019
Total Views: 46

Friday, August 23, 2019
oil tanker loading
Maritime News

Trafigura’s Big Bet on Shipping Pays Off With Frontline Deal

By Andy Hoffman (Bloomberg) — Commodities trader Trafigura Group Pte Ltd.’s big bet on shipping paid off as it agreed on a tanker sale that will give it much-needed cash...

August 23, 2019
Total Views: 8

Tuesday, August 20, 2019
bulk carrier sunset
Maritime News

DryShips Agrees to Buyout Offer from Chairman and CEO

NASDAQ-listed shipowner DryShips has entered into a definitive agreement to sell all outstanding shares of the company to a holding company controlled by DryShips’ Chairman and Chief Executive Officer, George...

August 20, 2019
Total Views: 3

Thursday, August 1, 2019
Boluda towing
Maritime News

Boskalis, Kotug Complete Sale of Kotug Smit Towage to Boluda

Royal Boskalis Westminster has completed the sale of Dutch towing company Kotug Smit Towage to Spain-based Boluda Group. Boskalis was co-shareholder of Kotug Smit Towage with Kotug International. The initial...

August 1, 2019
Total Views: 13

Thursday, July 25, 2019
vigor industrial
Maritime News

Portland-Based Vigor Industrial Acquired by Private Equity

Portland, Oregon-based Vigor Industrials is being acquired by global investment firm The Carlyle Group and private equity firm Stellex Capital Management. As part of the agreement, Vigor Industrial LLC, an...

July 25, 2019
Total Views: 16

Monday, July 8, 2019
offshore support vessels

DP World Hires Banks for $1 Billion Bond

By Archana Narayanan and Alaa Shahine (Bloomberg) –DP World Plc is hiring banks to raise about $1 billion of bonds to finance the acquisition of Topaz Energy & Marine Plc,...

July 8, 2019
Total Views: 1