Mergers & Acquisitions
-
Americas
Scorpio Tankers cashes out of Dorian LPG with $58m share sale
Athens: Scorpio Tankers has sold its remaining 5.8% stake in NYSE-listed Dorian LPG through the sale of its 3,392,083 common…
Read More » -
Europe
Kuwait buys stake in Associated British Ports
Athens: The Kuwait Investment Authority (KIA) has acquired a 10% direct interest in Associated British Ports. The news comes after…
Read More » -
Dry Cargo
Clipper sells ferry business to focus on dry cargo
Athens: Danish group Clipper has sold its 29.95% interest (4,243,277 shares) in ferry operator Mols-Linien to private equity group Polaris…
Read More » -
Europe
Fredriksen merges his two Frontlines
Athens: Fredriksen-led Frontline and its affiliate Frontline 2012 have agreed to merge to create one of the biggest tanker operating companies…
Read More » -
Europe
Fredriksen and Saverys form gas giant with Flex LNG
Athens: Flex LNG is to acquire LNG vessels and other assets from Belgium’s Exmar and Fredriksen-led Geveran in a deal that will create…
Read More » -
Asia
Liannex bids for Yinson’s non-oil and gas subsidiaries
Athens: Singapore’s Liannex Corporation (S) has placed a RM 228m ($60.4m) bid to acquire the non-oil and gas subsidiaries of…
Read More » -
Europe
Vard buys marine software and automation provider
Athens: Seaonics, part of Singapore-based shipyard group Vard, has acquired ICD Software, which provides automation and control system software to the offshore…
Read More » -
Dry Cargo
Freeseas enters the tanker market through Marvin collaboration
Athens: Bulk carrier owner Freeseas has acquired a 51% stake in Standcorp International, a new company that will operate tankers. The…
Read More » -
Asia
Svitzer forms joint venture in Malaysia
Athens: Salvage company Svitzer has established itself in Malaysia via a new joint venture (JV) with local company SVR Marine Services.…
Read More » -
Americas
Ship Finance International sells Horizon stake for $72m
Athens: Ship Finance International (SFI) sold its stake in Horizon Lines to Matson Navigation for a net total of around…
Read More » -
Asia
NOL completes sale of APL Logistics to Kintetsu World Express
Athens: After many months in the making, Kintetsu World Express has completed its acquisition of APL Logistics from Neptune Orient Lines…
Read More » -
Dry Cargo
Genco confirms merger with Baltic Trading to create dry bulk giant
London: Genco Shipping & Trading has signed a definitive merger agreement to take over its subsidiary Baltic Trading, which will…
Read More » -
Containers
Hamburg Süd completes CCNI takeover
London: German carrier Hamburg Süd has completed its takeover of Compañía Chilena de Navegación Interoceánica’s (CCNI) container line activities. The takeover…
Read More » -
Europe
Goldman Sachs sells Associated British Ports stake
London: Goldman Sachs Infrastructure Partners and Infracapital (part of Prudential) are selling their combined 33.33% interest in Associated British Ports to…
Read More » -
Dry Cargo
Knightsbridge Shipping and Frontline 2012 complete capesize vessel transfer
London: Knightsbridge Shipping has completed its acquisition of 12 capesize bulk carrier newbuildings from fellow Fredriksen-Group company Frontline 2012. Knightsbridge…
Read More » -
Europe
Trafigura buys UK’s Milford Haven refinery
London: Singapore-based Puma Energy has bought the UK’s Milford Haven oil refinery and three nearby inland storage terminals from Murco…
Read More » -
Greater China
Government urges Yangzijiang Shipbuilding to take over troubled Rongsheng
Shanghai: In one of the more dramatic shipyard consolidation moves so far for China, Beijing has moved to get the…
Read More » -
Africa
James Fisher buys South Africa’s Subtech Group
London: James Fisher has acquired Subtech Group, a South Africa-based marine and sub-sea service provider, for an initial cash consideration…
Read More » -
Containers
Heihua Group to acquire shipping assets of Renjian
Dalian: Shanghai-listed Heihua Group, a major chemical enterprise in Heilongjiang province, has announced a major restructuring plan involving Renjian Group,…
Read More » -
Americas
General Maritime and Navig8 Crude Tankers to form largest VLCC owner
Athens: General Maritime Corporation and Navig8 Crude Tankers have entered into an agreement to create Gener8 Maritime Inc, a joint…
Read More »