Archive for the ‘Mergers and Acquisitions’ Category

LOC Acquires REMBRANDT Licence

LOC Acquires REMBRANDT Licence
Collision Tanker Vs Bulker View from Bulker Maindeck (LONDON, U.K.) – London Offshore Consultants (LOC) has announced that it has purchased its own in-house licence of BMT’s industry-leading navigation simulator, REMBRANDT.  The software which has been developed over a 25-year period, is already...
September 17th, 2018 | Mergers and Acquisitions | Read More

Damen Shipyards Group assumes operational control at Mangalia shipyard

Damen Shipyards Group assumes operational control at Mangalia shipyard
Damen Shipyards Mangalia To signify its first day of operations at Damen Shipyards Mangalia in Romania, Damen held a modest ceremony at the yard on Monday, July 23rd. The celebrations mark Damen’s successful completion of the transaction with Daewoo Shipbuilding & Marine Engineering (DSME) for...
July 23rd, 2018 | Company Profiles, Mergers and Acquisitions, Ship Conversions, Shipbuilding and Shipyards, Shiprepair | Read More

Dynama: Consolidation in the offshore industry – what does it mean for workforce planning?

Dynama: Consolidation in the offshore industry – what does it mean for workforce planning?
Lee Clarke Consolidation in the offshore industry – what does it mean for workforce planning? According to Lee Clarke at Dynama, today’s mega mergers and alliances signal a tremendous business opportunity but what is the impact on workforce planning?  Here he takes us through the challenges and...
July 12th, 2018 | Energy, HR, Manning - Seafarers and Offshore, Mergers and Acquisitions | Read More

North P&I Club And 24Vision Sign Partnership Agreement

North P&I Club And 24Vision Sign Partnership Agreement
Paul Jennings 10 July, 2018 – North P&I Club and 24Vision announced today that they have entered into a partnership agreement, with effect from 1 July 2018, to provide P&I insurance to charterers and small ship operators.   As part of 24Vision’s wider service proposition to their marine...
July 10th, 2018 | Mergers and Acquisitions, P and I Clubs | Read More

Wärtsilä’s acquisition of Transas is completed

Wärtsilä’s acquisition of Transas is completed
Connecting smart ships with smart ports will deliver fundamental benefits to the marine sector. Wärtsilä Corporation, Press release, 4 May 2018 at 2.15 pm EET The technology group Wärtsilä announces that its acquisition of Transas, a global company headquartered in the U.K., has now been finalised....
May 4th, 2018 | IT and Communications, Marine Equipment Products and Services, Mergers and Acquisitions, Technical, Technology | Read More

Sunderland Marine confirms the sale of Knighthood Corporate Assurance Services

Sunderland Marine confirms the sale of Knighthood Corporate Assurance Services
March 19, 2018 – Sunderland Marine Insurance Company, the specialist in marine and aquaculture insurance, today confirmed the sale of Knighthood Corporate Assurance Services Limited to Broker Network. Sunderland Marine has had a business association with Knighthood since 1994. The sale is seen...
March 19th, 2018 | Mergers and Acquisitions, P and I Clubs | Read More

Wärtsilä acquires Transas to accelerate its Smart Marine Ecosystem vision

Wärtsilä acquires Transas to accelerate its Smart Marine Ecosystem vision
Connecting smart ships with smart ports will deliver fundamental benefits to the marine sector. Wärtsilä Corporation, 19 March 2018 at 10 a.m. EET – The technology group Wärtsilä is to acquire Transas, a global company headquartered in the U.K. The move will speed Wärtsilä along its path...
March 19th, 2018 | IT and Communications, Marine Equipment Products and Services, Mergers and Acquisitions, Ports & Terminals, Technical, Technology | Read More

Experienced private owners for HSH – remaining legacy assets to be carved out

Experienced private owners for HSH – remaining legacy assets to be carved out
Stefan Ermisch HAMBURG/KIEL – HSH Nordbank AG is to become a corporate bank with entirely private shareholders, including independent affiliates of Cerberus European Investments, J. C. Flowers & Co., GoldenTree Asset Management, Centaurus Capital LP and BAWAG. The federal state owners Hamburg and...
February 28th, 2018 | Banking, Finance, Markets, Mergers and Acquisitions, News, Shipfinance | Read More

Ince & Co advises Aegean Marine Petroleum Network (AMPNI) on the US$367 million acquisition of HEC Europe

Ince & Co advises Aegean Marine Petroleum Network (AMPNI) on the US$367 million acquisition of HEC Europe
Matthew Stratton Ince & Co was instructed by longstanding client, the world’s largest independent physical bunker supplier, on its approx. US$367 million acquisition of HEC Europe. The acquisition signed on 20 February. Consideration for the acquisition included a mixture of accounts receivable...
February 23rd, 2018 | Legal, Mergers and Acquisitions | Read More

Britannia appoints new exclusive correspondent in Taiwan

Britannia appoints new exclusive correspondent in Taiwan
In a move to maintain the highest possible service levels to its Members in Asia, Britannia P&I has recently made two important changes. In April last year, Britannia’s Managers, Tindall Riley, acquired the club’s Exclusive Correspondent in Japan, Cornes P&I. Renamed Tindall Riley (Britannia)...
February 20th, 2018 | Company Profiles, Mergers and Acquisitions, P and I Clubs | Read More

Erck Rickmers sells E.R. Schiffahrt and Harper Petersen

Erck Rickmers sells E.R. Schiffahrt and Harper Petersen
Erck Rickmers Zeaborn Group to acquire ship management and ship brokerage activities All 3,000 employees ashore and at sea to transfer to new entity Headquarters to remain in Hamburg Hamburg, 5 February 2018. Hamburg entrepreneur Erck Rickmers (53) has decided to sell his ship management and ship...
February 5th, 2018 | Company Profiles, Mergers and Acquisitions, News, Person Profiles | Read More

Thomas Miller acquires specialist marine and energy consultancy Brookes Bell Group

Thomas Miller acquires specialist marine and energy consultancy Brookes Bell Group
Hugo Wynn-Williams Thomas Miller, the international provider of market leading insurance services, announces the acquisition of international marine consultancy, Brookes Bell, for an undisclosed consideration. Brookes Bell is a leading marine technical and surveying consultancy with offices in Liverpool,...
January 19th, 2018 | Marine Insurance, Mergers and Acquisitions, P and I Clubs | Read More

Notice of Completion of Necessary Legal Process in All Countries/Regions for New J/V in the Container Shipping Business

Notice of Completion of Necessary Legal Process in All Countries/Regions for New J/V in the Container Shipping Business
.. Notice of Completion of Necessary Legal Process in All Countries/Regions for New J/V in the Container Shipping Business January 18 ,2018 Kawasaki Kisen Kaisha, Ltd. Eizo Murakami, President & CEO Mitsui O.S.K. Lines, Ltd. Junichiro Ikeda, President & CEO Nippon Yusen Kabushiki Kaisha Tadaaki...
January 18th, 2018 | Liner Shipping and Trade, Markets, Mergers and Acquisitions | Read More

Damen Shipyards Group and Concordia Group join forces

Damen Shipyards Group and Concordia Group join forces
l to r: Mr Jan-Wim Dekker (CPO, Damen Shipyards Gorinchem), Simon Provoost (Product Director Inland Waterway Transport, Damen Shipyards Gorinchem), Chris Kornet (CEO, Concordia) Joint venture between parties to increase market share in inland waterways On December 15th, Damen Shipyards Group and Concordia...
December 18th, 2017 | Marine Equipment Products and Services, Mergers and Acquisitions, Shipbuilding and Shipyards | Read More

The Foundation Det Norske Veritas assumes full ownership of DNV GL and remains committed to Maritime headquarters in Hamburg

The Foundation Det Norske Veritas assumes full ownership of DNV GL and remains committed to Maritime headquarters in Hamburg
Remi Eriksen, DNV GL Group President and CEO. Høvik/Oslo/Hamburg 14 December 2017 – Stiftelsen Det Norske Veritas (The Foundation) and Mayfair announce the sale of Mayfair’s 36.5% shares in DNV GL Group AS to DNV Holding AS. The agreement regarding the leading quality assurance and risk management...
December 14th, 2017 | Classification Societies, Markets, Mergers and Acquisitions, News | Read More

Welsh Global Engineering company Harris PYE Joulon Group

Welsh Global Engineering company Harris PYE Joulon Group
Mark Prendergast The Harris Pye Engineering Group, global specialists in the provision of repairs, upgrades and conversions to the marine, offshore oil and gas, and associated onshore industrial sectors, has been acquired by the Joulon Group  Joulon was created in partnership with KKR, the global investment...
December 13th, 2017 | Markets, Mergers and Acquisitions | Read More

MERCURIA Group to become majority shareholder of Port Lavna investment project

MERCURIA Group to become majority shareholder of Port Lavna investment project
Port Lavna project MERCURIA Group to become majority shareholder of Port Lavna investment project, transport ministry official says MERCURIA Group can become a majority stakeholder of the Port Lavna investment project until a concession agreement is signed under this project, Victor Olersky, Deputy...
December 6th, 2017 | Company Profiles, Markets, Mergers and Acquisitions, News, Ports & Terminals | Read More

Greek business leaders are urged to step up cooperation with Bahrain

Greek business leaders are urged to step up cooperation with Bahrain
L to r: Osama Mohamed al Arrayed (secretary for industry affairs), Christos Kopelouzos, Nicholas Vafias, MPs Miltiadis Varvitsiotis and Adonis Georgiadis of ND, Paris Kalitzantzis, Sheik Salman bin Khalifa, Harry Vafias, Tuwfic Khoury, Terry Andis, George Koutsolioutsos and two secretaries of the Kingdom...
November 14th, 2017 | Events, Mergers and Acquisitions, Trade and Commerce | Read More

MB92 takes 75% stake in Compositeworks

MB92 takes 75% stake in Compositeworks
… La Ciotat, 8 November 2017 – Marina Barcelona 92 (MB92) and Compositeworks (CW) announced today that MB92 has taken a 75 per cent stake in Compositeworks. The remaining 25% will stay in the hands of current shareholders. Compositeworks will continue under the current management of Benjamin...
November 8th, 2017 | Marinas, Mergers and Acquisitions, Shipbuilding and Shipyards, Technical, Technology, Yachting | Read More

Several binding bids for HSH Nordbank – final negotiations starting

Several binding bids for HSH Nordbank – final negotiations starting
Stefan Ermisch • Ermisch: “Investors with forward view on the Bank” • Positive trend of earnings and new business after 9 months • Significant progress in reducing legacy assets HAMBURG/KIEL – The federal state owners Hamburg and Schleswig-Holstein say that several binding bids for the entire...
October 29th, 2017 | Banking, Markets, Mergers and Acquisitions, News | Read More

ABB acquires Tekomar and extends its ABB AbilityTM digital offering

ABB acquires Tekomar and extends its ABB AbilityTM digital offering
… ABB to offer digital engine performance monitoring solution  ABB Turbo Systems Ltd. has signed an agreement to acquire Tekomar Group Ltd. headquartered in Winterthur, Switzerland.  ABB will further develop Tekomar’s digital solution for engine analytics and advisory systems enabling better...
October 24th, 2017 | Marine Equipment Products and Services, Mergers and Acquisitions, Technical, Technology | Read More

Wärtsilä strengthens its expertise in vessel positioning technology by acquiring Guidance Marine

Wärtsilä strengthens its expertise in vessel positioning technology by acquiring Guidance Marine
Wärtsilä Corporation, 10 October 2017 at 2 pm EEST – The technology group Wärtsilä has acquired Guidance Marine Limited, a privately owned company with offices in the UK, Singapore and the USA. Guidance Marine is recognised as a technology leader in the marine industry for sensor solutions...
October 10th, 2017 | Marine Equipment Products and Services, Mergers and Acquisitions, Technical, Technology | Read More

Wärtsilä to acquire Puregas Solutions

Wärtsilä to acquire Puregas Solutions
Wärtsilä Corporation,4 October 2017 at 9.30 am EEST –  The technology group Wärtsilä has reached an agreement to acquire Puregas Solutions, the Sweden based provider of turnkey biogas upgrading solutions. Puregas is a leading player in its field with subsidiary companies in Germany, Denmark,...
October 4th, 2017 | Alternative Sources of Energy, Energy, Markets, Mergers and Acquisitions | Read More

The BDI@1,328: learning to operate in turbulent waters

The BDI@1,328: learning to operate in turbulent waters
John Faraclas The BDI (Baltic Dry Index) lost another 28 points since last Friday and now stands at 1,328 points; Geopolitics continue to get sour on all fronts everywhere on Planet Ocean. John Faraclas’ daily recap: The Capers lost 67 points with the BCI now reading 2,671 points… The Panamaxes’...
October 2nd, 2017 | Alternative Sources of Energy, Banking, Container shipping, Containers, Cruise Ferry, Cruise Industry, Dry Bulkcarriers, Energy, European Union, Gas, Insight, Liner Shipping and Trade, LNG, LPG, Markets, Mergers and Acquisitions, News, Piracy and Terrorism, Politics and Government, Ports & Terminals, Reefer Containers, Reefer ships, Shipfinance, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

C-MAP acquires I-SEA

Recreational boaters to benefit from i-Sea innovation integration with C-MAP C-MAP, a leading supplier of digital marine cartography and cloud-based mapping solutions, today announced the acquisition of i-Sea AS, a technology and consulting company focused on the marine sector. Located in Oslo, Norway,...
September 22nd, 2017 | IT and Communications, Marine Equipment Products and Services, Mergers and Acquisitions, Technical, Technology | Read More