Archive for the ‘Mergers and Acquisitions’ Category

Wärtsilä CSSC joint venture opens new engine factory in China

Wärtsilä CSSC joint venture opens new engine factory in China
Wärtsilä Corporation,  9 January 2017 at 11.45 am EET – CSSC Wärtsilä Engine Co Ltd (CWEC), the joint venture company formed between Wärtsilä and China State Shipbuilding Corporation (CSSC), has formally opened its new production facilities located at Lingang, Shanghai. The opening ceremony...
January 9th, 2017 | Marine Equipment Products and Services, Mergers and Acquisitions, Shipbuilding and Shipyards, Technical, Technology | Read More

HILL DICKINSON further strengthens marine practice

HILL DICKINSON further strengthens marine practice
Peter Jackson International law firm Hill Dickinson has reached an agreement that will bring the shipping practice of Swinnerton Moore LLP to the firm. The agreement is expected to be finalised by the end of February and will see founding partners Tony Swinnerton and Lewis Moore join Hill Dickinson’s...
December 21st, 2016 | Company Profiles, Legal, Mergers and Acquisitions, Person Profiles | Read More

Major Port of Trieste investment by EKOL

Major Port of Trieste investment by EKOL
Ekol Logistics has acquired 65% of Europa Multipurpose Terminals, the operator of the port that it uses for its Ro-Ro and unit train services, located in Trieste, Italy. The acquisition is an addition to the region’s most modern Ro-Ro terminal that the company built in Yalova, Turkey. Ekol embarked...
December 12th, 2016 | Logistics, Mergers and Acquisitions, Ports & Terminals | Read More

Steamship Mutual and Allianz Worldwide Care work together to provide crew with complete cover

Steamship Mutual and Allianz Worldwide Care work together to provide crew with complete cover
Steamship Mutual, the leading P&I Club, and Allianz Worldwide Care, one of the World’s foremost providers of healthcare insurance, have entered into a Preferred Partner agreement with the aim of ensuring a ship’s crew have complete insurance coverage. Whilst Steamship Mutual cover an owner’s...
December 7th, 2016 | Mergers and Acquisitions, P and I Clubs | Read More

Lloyd’s Register’s ship emergency response service boosted by Seasafe acquisition

Lloyd’s Register’s ship emergency response service boosted by Seasafe acquisition
London, 6 December 2016 – Lloyd’s Register (LR), the global engineering, technical and business services organisation has added to its portfolio of advanced data, digital and software solutions with the acquisition of Seasafe Marine Software & Computation (Seasafe). An unexpected incident,...
December 6th, 2016 | Classification Societies, IT and Communications, Mergers and Acquisitions | Read More

OMERS Private Equity agrees to sell V.Group to Advent International

OMERS Private Equity agrees to sell V.Group to Advent International
Mark Redman London, 05 December 2016: OMERS Private Equity (“OPE”), part of OMERS Private Markets, announces that it has agreed to sell V.Group (“V.Group” or the “Company”) to Advent International (“Advent”). OPE will reinvest in a minority stake in V.Group, working with Advent and...
December 5th, 2016 | Mergers and Acquisitions, Shipmanagement | Read More

Evac Group and Uson Marine join forces

Evac Group and Uson Marine join forces
Evac Group and Uson Marine join forces to provide their From the contract signing customers with an improved service network and enlarged offering ​ Evac Group, the world’s leading provider of integrated waste, wastewater, and water management systems for the marine, offshore, and building industries,...
December 2nd, 2016 | Environment, Mergers and Acquisitions | Read More

GFG Alliance companies to acquire iconic Scottish Highlands’ power plant and smelter

GFG Alliance companies to acquire iconic Scottish Highlands’ power plant and smelter
Lochaber Smelter International energy, metals and industrials group, the GFG Alliance, announced today (Wednesday 23rd November) that two of its member companies – SIMEC and Liberty House – have reached agreement with Rio Tinto Aluminium to buy the iconic hydro-power and aluminium smelting operation...
November 23rd, 2016 | Energy, Mergers and Acquisitions | Read More

Lloyd’s Register acquires RTAMO Ltd…

Lloyd’s Register acquires RTAMO Ltd…
Lloyd’s Register acquires RTAMO Ltd to provide data-driven solutions for reducing maintenance costs Real-time data-driven service revolutionises how critical infrastructure is maintained – offering asset owners smarter, lower cost and safer operations.   Lloyd’s Register (LR), the global engineering,...
November 14th, 2016 | Classification Societies, Mergers and Acquisitions | Read More

Burgess Marine joins forces with Global Services

Burgess Marine joins forces with Global Services
Staff at Global’s headquarters in Exeter Superyacht specialist acquired by Britain’s largest independent ship repairer Burgess Marine  Britain’s largest independent ship repairer and marine engineering services provider, Burgess Marine, has today completed the acquisition of the Superyacht...
November 3rd, 2016 | Marine Equipment Products and Services, Mergers and Acquisitions, Shipbuilding and Shipyards, Shiprepair, Technical, Technology, Yachting | Read More

OCEAN Alliance Sets Out Network

OCEAN Alliance Sets Out Network
Shanghai / November 3, 2016 – Members of the OCEAN Alliance, COSCO Container Lines, CMA CGM, Evergreen Line and Orient Overseas Container Line, today signed a document entitled the Day One Product, which sets out the proposed OCEAN Alliance’s network, including port rotation for each service...
November 3rd, 2016 | Liner Shipping and Trade, Mergers and Acquisitions, News | Read More

SpeedCast to Acquire Harris CapRock

SpeedCast to Acquire Harris CapRock
SpeedCast CEO Pierre-Jean Beylier Sydney, Australia, November 1, 2016 – SpeedCast International Limited (ASX: SDA), a leading global satellite communications and network service provider, today announced it has entered into a definitive agreement to acquire Harris CapRock in a cash transaction...
November 1st, 2016 | IT and Communications, Marine Equipment Products and Services, Mergers and Acquisitions, Technology | Read More

Caution for both Markets and Geopolitical uncertainty

Caution for both Markets and Geopolitical uncertainty
John Faraclas The BDI (Baltic Dry Index) was up 23 points since last Friday reading 857, thanks to the volatile as usual Capers’ behaviour and Geopolitics are getting an unprecedented catastrophical twist and turn; John Faraclas’ daily recap: The Capers gained 117 point with the respective BCI 2014...
October 31st, 2016 | Containers, Dry Bulkcarriers, Markets, Mergers and Acquisitions, News, Piracy and Terrorism, Ports & Terminals, Reports, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce, UN | Read More

MacGregor signs joint venture contract with CSSC Nanjing Luzhou Machine Co Ltd to strengthen its presence in China

MacGregor signs joint venture contract with CSSC Nanjing Luzhou Machine Co Ltd to strengthen its presence in China
Joint Venture Signing ceremony: Mr Gao, General Manager, CSSC Nanjing Luzhou Machine Co Ltd (seated right) and Alexander Nürnberg, Senior Vice President, Technology and R&D, MacGregor (seated left) MacGregor, part of Cargotec, and China State Shipbuilding Corporation’s (CSSC) Nanjing Luzhou...
October 11th, 2016 | Marine Equipment Products and Services, Mergers and Acquisitions, Technical, Technology | Read More

Bureau Veritas acquires Marine Assurance & Consulting

Bureau Veritas acquires Marine Assurance & Consulting
Paul Shrieve Bureau Veritas (BV) is pleased to announce the acquisition of Marine Assurance & Consulting (MAC). Based in Aberdeen, MAC was established in 2010 and now has 30 employees as well as more than 40 associates. This transaction is in line with BV’s recent developments in the North Sea...
October 7th, 2016 | Classification Societies, Energy, Mergers and Acquisitions | Read More

Glander International Bunkering boosts its global footprint by merging with Scandinavian Bunkering AS

Glander International Bunkering boosts its global footprint by merging with Scandinavian Bunkering AS
Erik Vinde Glander International Bunkering, one of the industry’s oldest bunker trading and brokering firms, is pleased to announce that the group has merged with the Norwegian company Scandinavian Bunkering AS. Scandinavian Bunkering AS. was established in 1993 and as of September 26th 2016 the company...
September 29th, 2016 | Bunkering, Company Profiles, Mergers and Acquisitions, Person Profiles | Read More

Baltic Exchange: Results of voting at Court Meeting & General Meeting

Baltic Exchange: Results of voting at Court Meeting & General Meeting
26 September 2016 Results of voting at Court Meeting and General Meeting Recommended cash acquisition of The Baltic Exchange Limited (“Baltic Exchange”) by a wholly owned subsidiary Singapore Exchange Limited, by means of a Scheme of Arrangement under Part 26 of the Companies Act 2006. The Baltic...
September 26th, 2016 | Associations, Chartering, Fixtures, Markets, Mergers and Acquisitions, News, Stock Markets, Story of the Month | Read More

Damen Shiprepair & Conversion starts operating from Curaçao

Damen Shiprepair & Conversion starts operating from Curaçao
Mr René H. Berkvens (CEO, Damen Shipyards Group), Mr Eugene Rhuggenaath (Minister of Economic Development), Mr Getmar Caldera (Managing Director CDM Holding). On Friday 9 September the government of Curaçao and Damen Shipyards Group signed a concession agreement for the future operation of the current...
September 9th, 2016 | Marine Equipment Products and Services, Mergers and Acquisitions, Ship Conversions, Shipbuilding and Shipyards, Shiprepair | Read More

The BIO-UV Group reorganises and sells its American subsidiary Delta UV

The BIO-UV Group reorganises and sells its American subsidiary Delta UV
With more than 16 years of experience in the UV water treatment (drinking water, waste water, industrial processes,…), BIO-UV, an innovative industrial SME, is the leading French manufacturer of ultraviolet light water treatment equipment, and leader in Europe. Made up of 49 employees, the BIO-UV...
September 9th, 2016 | Consumers Market, Food and Drink, Markets, Mergers and Acquisitions, Technology | Read More

Ship management cooperation between NYK and E.R. Schiffahrt

Ship management cooperation between NYK and E.R. Schiffahrt
From the signing ceremony Hamburg, 1 September 2016. Hamburg-based ship management company E.R. Schiffahrt is expanding its strategic partnerships with international clients and shipping lines. For Nippon Yusen Kaisha (NYK) – one of the largest shipping companies in the world with nearly 800 vessels...
September 1st, 2016 | Company Profiles, Mergers and Acquisitions, Shipmanagement | Read More

E.R.Capital Holding and Rickmers Holding AG will not pursue the merger…

E.R.Capital Holding and Rickmers Holding AG will not pursue the merger…
Jochen Kloesges E.R. Capital Holding and Rickmers Holding AG will not pursue the merger of their ship management divisions any further Hamburg, 26th August 2016 Following an intensive review, E.R. Capital Holding and Rickmers Holding AG have jointly decided not to pursue the merger of their ship management...
August 26th, 2016 | Mergers and Acquisitions, Shipmanagement | Read More

Commencement of drilling = spudding? Industry terms in oil and gas contracts

Commencement of drilling = spudding? Industry terms in oil and gas contracts
Simon Shaddick A dispute between Vitol E and P Ltd (Vitol) and Africa Oil and Gas Corporation (AOGC) arose out of an M&A transaction relating to a production sharing contract (PSC) for an exploration permit for the “Marine XI” area offshore the Republic of Congo. The background facts are relatively...
August 18th, 2016 | Gas, Legal, Markets, Mergers and Acquisitions, Oil Industry | Read More

PPA and COSCO mark a new era at Athens Stock Exchange

PPA and COSCO mark a new era at Athens Stock Exchange
Prime time for ASE with PPA and COSCO on 10 August 2016 Opening of the trading session of Wednesday, 10th August 2016, Reception of PPA, COSCO and HRADF Transfer of PPA shares The Athens Stock Exchange welcomed COSCO (China COSCO Shipping Corporation Ltd) as well as HRADF(Hellenic Republic Asset...
August 12th, 2016 | Company Profiles, Events, Markets, Mergers and Acquisitions, News, Ports & Terminals, Stock Markets | Read More

Braemar Adjusting agrees strategic partnership in South America

Braemar Adjusting agrees strategic partnership in South America
Braemar Adjusting is pleased to announce that it has agreed a strategic partnership with BeckettLiquidadores de Seguros S.A of Chile, to act as its local resource partner in a number of countries in South America. Braemar Adjusting provides Loss Adjusting, Risk Assessment, Legal/Expert Witness and Dispute...
August 9th, 2016 | Marine Insurance, Mergers and Acquisitions | Read More

Update on SGX offer to acquire The Baltic Exchange

Update on SGX offer to acquire The Baltic Exchange
The Baltic Exchange The Baltic Exchange Limited (Baltic Exchange) announces that, following agreement with the Singapore Exchange (SGX), it will now proceed with the solicitation of support from Baltic Exchange Shareholders for SGX’s offer to acquire the issued ordinary share capital for GBP 160.41...
August 4th, 2016 | Markets, Mergers and Acquisitions, Stock Markets | Read More