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...

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...

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...

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...

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. ...

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...

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,...

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...

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...

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...

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...

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...

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,...

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...

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...

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...

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...

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...

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...

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....