Tuesday, February 12, 2019
cma cgm container ship
Maritime News

CMA CGM Aims for Ceva Logistics Breakeven in 2019 as it Takes Control

PARIS, Feb 12 (Reuters) – CMA CGM is aiming for Ceva Logistics to break even this year, its finance chief said on Tuesday, as the French shipping group opened a...

February 12, 2019
Total Views: 1

Thursday, January 31, 2019
diane cenac
Maritime News

Kirby to Acquire Fleet of Cenac Marine Services for $244 Million

Houston-based Kirby Corporation has announced a definitive agreement to acquire the marine transportation fleet of Houma-based Cenac Marine Services for approximately $244 million in cash. Cenac’s fleet consists of 63...

January 31, 2019
Total Views: 7

Thursday, December 6, 2018
Maritime News

DP World Completes Unifeeder Acquisition

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...

December 6, 2018
Total Views: 3

Thursday, November 15, 2018
tidewater guidery tide ahts
Maritime News

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...

November 15, 2018
Total Views: 96

Monday, October 8, 2018
offshore rig
Offshore News

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...

October 8, 2018
Total Views: 1

Wednesday, September 5, 2018
Maritime News

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...

September 5, 2018
Total Views: 11

Tuesday, September 4, 2018
Maritime News

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...

September 4, 2018
Total Views: 3

Wednesday, August 8, 2018

DP World Acquires European Logistics Firm Unifeeder for 660 Million Euros

Some big news this week from one of the world’s top port operators and self-proclaimed global trade enabler. On Tuesday, Dubai-based DP World announced plan to acquire 100% of Unifeeder,...

August 8, 2018
Total Views: 0

Monday, August 6, 2018
Maritime News

Gulfmark Offshore Receives Unsolicited Merger Offer from Harvey Gulf, Throwing Wrench in Planned Tidewater Deal

Houston-based GulfMark Offshore (NYSE:GLF) today confirmed that it has received a non-binding, unsolicited proposal from competitor Harvey Gulf International Marine to combine the companies in an all-stock merger in which...

August 6, 2018
Total Views: 2

Monday, July 16, 2018
tidewater guidery tide ahts

Tidewater and Gulfmark to Merge, Creating Offshore Supply Vessel Leader

U.S.-based offshore supply vessel companies Tidewater (NYSE: TDW) and GulfMark Offshore (NYSE: GLF) announced Monday that their respective Boards of Directors have unanimously approved a definitive agreement to combine the...

July 16, 2018
Total Views: 22

Wednesday, July 11, 2018
hapag-lloyd ship

Hapag-Lloyd Investor Confirms Approach from CMA CGM, Says Takeover Should Go Other Way Around

By Mike Wackett (The Loadstar) – One of Hapag-Lloyd’s largest shareholders has brushed off an approach by CMA CGM for merger talks. Any such deal could create the largest container shipping...

July 11, 2018
Total Views: 8

Monday, July 9, 2018
dorian lpg tanker
Maritime News

BW LPG Increases Takeover Offer for Rival Dorian LPG

The raised offer comes after Dorian LPG’s Board declined BW LPG’s initial unsolicited offer on May 29, saying the offer undervalued Dorian’s fleet of “substantially younger, more fuel-efficient ships as...

July 9, 2018
Total Views: 1

Hapag-Lloyd Container-ship BOSTON EXPRESS

CMA CGM Explored Possible Merger Hapag-Lloyd, Sources Say

By Jonathan Saul and Arno Schuetze LONDON/FRANKFURT, July 9 (Reuters) – The world’s no. 3 container shipping line, CMA CGM of France, has made an exploratory approach to German rival...

July 9, 2018
Total Views: 5

Sunday, July 8, 2018
oocl containership

Pledging to Sell Long Beach Terminal, COSCO Clears U.S. Hurdle on OOCL Deal

By Bloomberg News (Bloomberg) — Cosco Shipping Holdings Co. pledged to sell a container terminal in California, helping allay concerns of U.S. regulators and clearing the way for its $6.3 billion acquisition...

July 8, 2018
Total Views: 23

Friday, July 6, 2018
autonomous containership
Maritime News

Kongsberg to Acquire Rolls-Royce’s Commercial Marine Business

Norwegian technology group Kongsberg has entered into an agreement to acquire Rolls-Royce’s struggling commercial marine business in a GBP 500 million deal. The acquisition includes the marine products, systems and...

July 6, 2018
Total Views: 16

Wednesday, June 20, 2018

CMA CGM to Acquire European Shortsea Specialist Containerships

French shipping group CMA CGM has signed to acquire Finland’s Containerships from Container Finance Ltd Oy. Containerships specializes in the intra-European shortsea shipping and logistics market. Container Finance’s holdings in...

June 20, 2018
Total Views: 2

Monday, June 18, 2018
inmarsat london headquarters

EchoStar Considering Raising Offer for Inmarsat -Source

By Dinesh Nair, Manuel Baigorri and Scott Moritz (Bloomberg) — EchoStar Corp. is considering raising its offer for rival Inmarsat Plc after its initial approach for the British satellite company...

June 18, 2018
Total Views: 1

Wednesday, June 13, 2018
Maritime News

U.S. Barge Operator Tidewater Reportedly Put Up for Sale

By Gillian Tan (Bloomberg) — Stonepeak Infrastructure Partners, a $15 billion firm led by former Blackstone Group LP dealmakers, is seeking to sell barge and terminal operator Tidewater Holdings Inc.,...

June 13, 2018
Total Views: 10

Maritime News

Investors Nervous as Doubts Raised Over COSCO Takeover of OOCL

By Mike Wackett (The Loadstar) – COSCO’s $6.3bn takeover of Orient Overseas International (OOIL), parent of container line OOCL, is now in doubt, according to Alphaliner. The consultant said “doubts...

June 13, 2018
Total Views: 4

Tuesday, June 12, 2018
Maritime News

Euronav Becomes World’s Largest Independent Tanker Company as Merger with Gener8 Maritime Closes

Belgian tanker company Euronav has completed its merger with former rival Gener8 Maritime following approval from Gener8’s shareholders on Monday. The merger creates the world’s largest independent operator of large...

June 12, 2018
Total Views: 18