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: 32

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: 22

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

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: 1

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: 17

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: 32

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: 27

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: 4

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: 1

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: 11

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: 11

Monday, July 8, 2019
offshore support vessels
Offshore News

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

Monday, July 1, 2019
Topaz Energy
Maritime News

DP World Acquires Topaz for $1 Billion

Dubai-based port operator DP World has acquired 100 percent of offshore services provider Topaz Energy and Marine for a purchase price of more than $1 billion. Topaz operates a diversified...

July 1, 2019
Total Views: 2

Wednesday, April 24, 2019
offshore rig north sea
Offshore News

Takeover Battle: Occidental Offers $57 Billion for Anadarko, Topping Chevron

By Jennifer Hiller HOUSTON, April 24 (Reuters) – Oil and gas producer Occidental Petroleum Corp on Wednesday made a $57 billion bid for Anadarko Petroleum Corp, topping Chevron Corp’s $50...

April 24, 2019
Total Views: 1

Friday, April 12, 2019
lng carrier
Offshore News

Chevron to Acquire Anadarko in $33 Billion Energy Mega-Merger

By John Benny and Jennifer Hiller April 12 (Reuters) – Chevron Corp on Friday said it will buy Anadarko Petroleum Corp for $33 billion in cash and stock as the company...

April 12, 2019
Total Views: 4

Friday, April 5, 2019
port of rotterdam
Maritime News

Iconic Shipping Brand MacAndrews Consigned to History Books After 249 Years

By Mike Wackett (The Loadstar) – MacAndrews has become the latest iconic shipping name to be consigned to the history books. CMA CGM has lost no time in establishing recently...

April 5, 2019
Total Views: 52

Monday, April 1, 2019
Maritime News

Kongsberg Completes Acquisition of Rolls-Royce Marine

Norwegian technology group Kongsberg Gruppen announced on Monday it has completed its acquisition of Rolls-Royce Commercial Marine (RRCM). Officially part of Kongsberg Maritime, RRCM will operate under the KONGSBERG brand...

April 1, 2019
Total Views: 32

Tuesday, March 19, 2019
bw group tanker
Maritime News

BW Group Acquires Majority Stake in Epic Gas

Shipping company BW Group announced today it has acquired a majority stake in LPG shipowner Epic Gas and has launched an unconditional offer to acquire the remaining shares of the...

March 19, 2019
Total Views: 17

Tuesday, February 12, 2019
Eleonora Maersk Los Angeles Record
Maritime News

Maersk Acquires U.S. Customs House Broker Vandegrift

A.P. Moller-Maersk has acquired US-based Customs House Broker, Vandegrift Inc., underscoring the shipping giant’s focus on the logistics sector in 2019. The deal marks Maersk’s first acquisition of the year....

February 12, 2019
Total Views: 2