February 14th, 20190Siaci Saint Honore, one of the leading providers of insurance brokerage and consulting services headquartered in France and Italian broker for marine insurance Cambiaso Risso group have announced a strategic partnership to foster a strong positioning in their markets.
Sources explain to Splash that the French player took a majority...
February 12th, 20196CMA CGM’s planned takeover of CEVA Logistics has moved a step closer today after the French line announced a public tender offer which is “fully aligned” with the board of CEVA.
CMA CGM is offering CHF 30 per share, the same as its offer announced last November which the CEVA board recommended shareholders reject. However, CMA...
February 8th, 20190The European Commission has approved the proposed takeover of CEVA Logistics by French liner CMA CGM.
The commission concluded that the acquisition does not represent a competition issue.
CMA CGM made a $825m bid to take over CEVA at the end of last year, a figure CEVA’s board has since rejected claiming it is undervalued. The...
February 7th, 20190Offshore services firm TechnipFMC has been awarded a large engineering, procurement, construction and installation (EPCI) contract by Petrobras, on behalf of the Libra Consortium for the Mero 1 pre-salt field in the Santos Basin offshore Brazil.
The work scope includes engineering, procurement, construction of all rigid lines, as well...
January 30th, 20190Offshore services firm TechnipFMC has been awarded an integrated engineering, procurement, construction and installation contract by Lundin Norway for the Luno II and Rolvsnes development, located in the North Sea.
The contract covers the delivery and installation of subsea equipment including umbilicals, rigid flowlines, flexible...
January 29th, 20190Having first turned down a takeover offer from Denmark’s DSV last year, CEVA Logistics has come to the decision not to recommend an offer from French containerline CMA CGM.
CMA CGM moved to acquire CEVA in October last year, and announced a public tender offer the following month of CHF30 per share. While the offer was substantial...
January 22nd, 20192No sooner had UK consultants Drewry called an end to the ultra large container vessel race than a rash of new orders are beginning to filter in, led by members of the Ocean Alliance.
With OOCL, now owned by Cosco, reportedly close to ordering a series of the largest boxships ever built, brokers are now reporting fellow Ocean Alliance...
January 18th, 20190France’s CMA CGM is folding the MacAndrews brand into its other intra-European subsidiary, Containerships, effective April 1.
Acquired by CMA CGM last year, Containerships is present in the Baltic markets, Russia, Northern Europe, North Africa and Turkey.
MacAndrews, meanwhile, was bought by CMA CGM in 2002 and merged with OPDR...
January 4th, 20190French offshore vessel owner Bourbon has signed an extension to a general waiver with lenders, allowing the company to continue to suspend payments servicing the majority of its debt.
Bourbon first suspended payments servicing its debt in July, and says the waiver allows it to "stay focused on its operational priorities, while...
December 26th, 20180French containership operator CMA CGM’s 9,415 teu post panamax boxship collided with Chinese general cargo ship Yusheng366 near Hong Kong waters on Monday.
CMA CGM Norma suffered minor damage while Yusheng366 sank from the collision after the crew had abandoned the ship. Guangdong Maritime Safety Administration has confirmed that all...
