A.P. Moller-Maersk has acquired US-based Customs House Broker, Vandegrift Inc., underscoring the shipping giant’s focus on the logistics sector in 2019. The deal marks Maersk’s first acquisition of the year. Maersk says Customs House Brokerage is a key component in its strategy to become an...
Mergers and Acquisitions
Corvus Energy acquires Grenland Energy and strengthens product portfolio of maritime batteries
Geir Bjørkeli (left), CEO of Corvus Energy and Roman Stoiber, CEO at Grenland Energy
Corvus Energy strengthens its product portfolio for maritime batteries with the acquisition of Grenland Energy
Bergen, Norway; Richmond, BC, Canada; and Skien, Norway – February 6, 2019 – Corvus Energy Holding AS, the world-leading supplier of Energy Storage Systems (ESS) to the maritime industry, has signed an agreement to acquire all shares in Grenland Energy AS. Grenland Energy, located in Skien, Norway in the...
An exciting new chapter – we’re merging
Simon Gallagher
We’re delighted to announce our merger with leading accountants and advisors BDO will go live from Monday 4 February. This is a substantial milestone where we are creating a truly market-leading accountancy and business advisory firm focused on entrepreneurially-spirited, fast-growing businesses and high-net-worth individuals.
The merger, which relates only to our London, Birmingham, Reading, Bristol and Watford offices, is a significant step forward for our people, clients and...
http://www.allaboutshipping.co.uk/2019/02/01/an-exciting-new-chapter-were-merging/
Kirby to Acquire Fleet of Cenac Marine Services for $244 Million
Houston-based Kirby Corporation has announced a definitive agreement to acquire the marine transportation fleet of Houma-based Cenac Marine Services for approximately $244 million in cash. Cenac’s fleet consists of s3 30,000-barrel inland tank barges with approximately 1.9 million barrels of...
RMT welcomes transfer of Argyll Ferries to publicly owned CalMac from today
Mick Cash
Maritime union RMT today welcomed the transfer of the Argyll Ferries contract to the publicly owned CalMac and heralded it as a victory for union members and the on-going campaign to end profiteering and uncertainty on Scottish Ferry services.
Minister for Energy, Connectivity and the Islands, Paul Wheelhouse MSP, announced last year that he would be scrapping the halted tender process and directly awarding the Gourock-Dunoon contract to CalMac. The union has held consultative meetings...
Press Statement from Bavaria Catamarans and Bavaria Yachtbau Holding
Press Statement from Bavaria Catamarans and Bavaria Yachtbau Holding
Due to media inquiries about the acquisition of shares in the French manufacturer Bavaria Catamarans SAS by the German Bavaria Yachtbau Holding GmbH we would like to inform you about the facts:
Former shareholders of Nautitech SA, who sold their shares, in present day Bavaria Catamarans SAS, in the year 2014, and the legal successor of the purchaser at that time are currently in litigation over the issue whether further purchase...
MacGregor receives clearance from the S. Korean competition regulator for the acquisition of the marine and offshore businesses of TTS
CARGOTEC CORPORATION, 27 DECEMBER 2018 AT 5.00 PM EET
MacGregor, part of Cargotec, has today received a clearance decision from the South Korean Fair Trade Commission on the company’s acquisition of the marine and offshore businesses of TTS Group ASA, which was announced on 8 February, 2018.
MacGregor announced the approval from the German regulator on 6 November 2018 but is still waiting for the approval from the competition authority in China. As communicated on 20 December, 2018, MacGregor...
DP World Completes Unifeeder Acquisition
By Gavin van Marle – DP World has completed its acquisition of European feeder and shortsea shipping line Unifeeder after this week securing clearance from European monopolies regulators. The €660m deal – the first in which a port operator has taken over a carrier – had been investigated by the...
2open completes acquisition of INTTRA, bringing together leading Global Cloud Supply Chain Management and Leading Ocean Shipping Network
The One Place in the Cloud to Run Your Supply Chain is Now the One Place in the Cloud to Manage Your Global Logistics
AUSTIN, Texas, November 27, 2018 – E2open today announced the completion of the acquisition of INTTRA following regulatory approval. This brings together the world leader in ocean shipping logistics covering a majority of ocean shipping container capacity, with the global supply chain and logistics network of E2open. With this unification, customers of both companies will...
First successful privatisation of a Landesbank completed
Stefan Ermisch, CEO
HAMBURG/KIEL – HSH Nordbank AG is today embarking on its future as the first successfully privatised Landesbank in Germany. The commercial bank’s new shareholders, who are independent of each other, are Cerberus Capital Management, J. C. Flowers & Co., GoldenTree Asset Management, Centaurus Capital LP and BAWAG or investment funds launched by these. The sale of all indirectly held shares (94.9 percent in total), which was agreed on 28 February [Link Press Release] , has...