Star Bulk Carriers Corp. (Nasdaq: SBLK) announced the completion of its merger with Eagle Bulk Shipping Inc., creating the largest US-listed dry bulk shipping company The combined entity now controls…
https://gcaptain.com/star-bulk-completes-merger-with-eagle-bulk-shipping/
Rumors that Australian shipbuilder Austal Limited (ASX:ASB) was the target of a takeover bid have been circulating since last July. Now, it seems, there’s some truth in one of them. In an April 1, ASX stock exchange filing, Austal (which is, of course, the parent of Austal USA) confirmed that it has confirms it received an unsolicited, conditional and non-binding indicative proposal from Korea’s Hanwha Ocean Co., Ltd under which Hanwha would acquire Austal by way of a scheme of arrangement that...
https://www.marinelog.com/news/austal-confirms-takeover-offer-from-hanwha-ocean/
Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management, has acquired AMMCON Corp., a Jacksonville, Fla., based fittings and assembled components manufacturer. This is FMD’s eleventh acquisition since beginning an expansion in December 2020 aimed at serving the maritime defense industry with turnkey solutions
“Fairbanks Morse Defense is working to build fully integrated products and services that will meet every need of maritime defense, and to accomplish this, we...
https://www.marinelog.com/news/fairbanks-morse-defense-makes-new-acquisition-ammcon/
Memphis, Tennessee-based intermodal logistics provider IMC Logistics has acquired American Pacific Transportation, boosting the company’s drayage truck capacity across California.
“As a result of this acquisition, we will have more than 500 trucks in California, signifying our commitment to our customers in this region,” Joel Henry, IMC’s CEO, said in a news release.
American Pacific Transportation has locations in Calexico, Chino, Commerce, San Diego and Lompoc, California. The carrier has...
MOL Chemical Tankers (MOLCT), a wholly-owned subsidiary of Mitsui O.S.K. Lines (MOL), has completed its acquisition of all shares of Fairfield Chemical Carriers, creating a leading stainless steel chemical tanker…
https://gcaptain.com/mol-boosts-chemical-tanker-fleet-with-400-million-fairfield-acquisition/
By Gus Trompiz PARIS, Feb 29 (Reuters) – France’s CMA CGM has completed a $5 billion takeover of Bollore Logistics, its biggest-ever acquisition, and said it had funds for more deals as…
https://gcaptain.com/cma-cgm-completes-5-billion-bollore-logistics-takeover/
Dutch towage operator KOTUG International has acquired full ownership of its Freeport, Bahamas-focussed joint venture with SEACOR Holdings, with KOTUG buying out the 50% stake held by SEACOR via its…
https://gcaptain.com/kotug-international-takes-full-ownership-of-freeport-towage-joint-venture/
Maersk has announced plans to spin-off its towage business as the Danish shipping conglomerate continues its transition towards becoming an integrated logistics provider connecting land, sea, and air. Maersk’s Board…
https://gcaptain.com/maersk-launches-demerger-of-svitzer-towage-business/
Leading U.S. inland waterways carrier Ingram Barge Company has announced the creation of Ingram Infrastructure Group, a new subsidiary that will focus on material handling and supply chain solutions. The…
https://gcaptain.com/ingram-barge-company-forms-new-infrastructure-subsidiary/
Privately held, Seattle-headquartered Saltchuk Resources Inc. has made a new offer to acquire NYSE-listed tanker and ATB operator Overseas Shipholding Group Inc. (OSG). Saltchuk, which is OSG’s largest shareholder, made an earlier offer to acquire the rest of OSG in June 2021 but suspended those discussions that September, citing pandemic-related market uncertainties.
Today, OSG confirmed that its board of directors had received an unsolicited non-binding indication of interest from Saltchuk for...
https://www.marinelog.com/legal/shipping/saltchuk-makes-a-new-offer-for-osg/