Mergers & Acquisitions
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Europe
Shareholders approve merger of Rem and Solstad
Shareholders have approved the merger of Rem Offshore with Solstad Offshore at an extraordinary meeting held in Oslo today. REM…
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Europe
BW LPG revises takeover bid for Aurora
BW LPG has renewed its offer to take over Aurora LPG and has offered over 10% more cash, which has…
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Europe
BW LPG prepares takeover offer for Aurora
BW LPG has upped its stake in Aurora LPG again and is to launch a voluntary tender offer to buy…
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Europe
Wilh. Wilhelmsen and Wallenius to merge vessel ownership
Wilh. Wilhelmsen Holding and Wilh. Wilhelmsen have signed a letter of intent to merge ownership of the majority of their…
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Gas
Vopak may buy Exmar’s FRSU business
Exmar has revealed it is in discussions with bulk terminal operator Vopak, which is considering buying Exmar’s floating LNG storage…
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Asia
Sembcorp Marine buys out PPL Shipyard
Singapore’s Sembcorp Marine has signed a sale and purchase agreement to buy the remaining 15% stake it does not already…
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Asia
Sembcorp Marine buys Norwegian ship design company
Sembcorp Marine Integrated Yard is to pay $20m to acquire buy LMG Marine, a Norway-headquartered naval architecture firm, which will become…
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Europe
Wilhelmsen sells Callenberg Technology
Wilhelmsen Maritime Services (WMS) has agreed to sell its subsidiary Callenberg Technology to Trident Maritime Systems for a net price…
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Asia
SBI Offshore terminates joint venture with Gräss
SBI Offshore has cancelled its plans to form a joint venture (JV) in solar power with Gräss Group. In August…
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Asia
Yinson sells its non-oil and gas subsidiaries to Liannex at a snip
Malaysian offshore service provider Yinson Holdings has completed the sale of its non-oil and gas subsidiaries to Singapore’s Liannex Corporation…
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Europe
Golar and Schlumberger formalise OneLNG joint venture
Golar LNG and Schlumberger have formalised their cooperation in ‘low-cost’ LNG production by forming a joint venture (JV) called OneLNG,…
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Asia
CMA CGM completes acquisition of NOL
CMA CGM’s voluntary unconditional general offer to buy Neptune Orient Lines (NOL) has closed today. The French carrier now owns…
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Containers
Hapag-Lloyd and UASC agree a merger
Container lines Hapag-Lloyd and United Arab Shipping Company (UASC) have agreed on the terms of a merger. All shares would…
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Asia
Otto Marine buy-out is down to the wire
Only a few more hours remain for the unidentified buyer considering acquiring Singapore’s Otto Marine to submit a formal proposal…
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Europe
Skuld buys hull & machinery business
Norwegian marine insurer Skuld has signed a letter of intent to acquire SMA/Gerling Norway’s hull and machinery book, which underwrites around 6,000…
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Asia
EC approves CMA CGM’s takeover of NOL
The European Commission (EC) has today cleared CMA CGM’s acquisition of Neptune Orient Lines (NOL), following a Phase 1 review.…
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Europe
Solvang and International Gas Carriers plan merger
International Gas Carriers (IGC) is to be merged with and absorbed into its parent company Solvang next month. The decision…
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Asia
Navig8 to become operator of offshore support vessels
Navig8 Group is to establish its own fleet of offshore support vessels through the acquisition of Singapore-headquartered RKOffshore Management (RKOM).…
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Asia
Swissco eyes VM Marine takeover
Swissco Holdings has signed a non-binding memorandum of understanding (MOU) to acquire the VM Marine International group. No financial details…
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Dry Cargo
Japanese shipowners blast ‘unfair’ Western Bulk Chartering sell-off
Six unnamed Japanese shipowners say Kistefos’ acquisition of Western Bulk Chartering (WBC) should be reversed because the company was undervalued…
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