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US largest publicly-listed shipping company is born

glory 15-10-2021 20:55 Area News
Dry cargo vessel owner and operator Navios Maritime Partners has completed the acquisition of tanker owner Navios Maritime Acquisition Corporation after securing unitholder approvals. As Offshore Energy previously...
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Norwegian, German regulators approve Octopus Bidco’s Ocean Yield acquisition

glory 13-10-2021 16:48 Area News
Octopus Bidco AS, a company owned by funds advised by American investment company Kohlberg Kravis Roberts & Co. L.P. (KKR) and its affiliates, has received clearance from the Norwegian Competition Authority and the...
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Methanol-fueled ship pioneer Marinvest has a new owner

glory 07-10-2021 14:13 Area News
Clean Sea Transport, a joint venture between MSEA Group, Arkview Capital, and Scorpio Tankers, has acquired 100% of the shares in Swedish shipping company Marinvest AB to promote clean fuels in the shipping sector. The...
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John Fredriksen eyes full control of Avance Gas

glory 05-10-2021 15:40 Area News
Norwegian-born Cypriot oil tanker and shipping billionaire businessman John Fredriksen is looking to gain full control over Bermuda-based liquefied petroleum gas (LPG) transportation company Avance Gas Holding. On 4...
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CPP Investments to become sole owner of Ports America

glory 30-09-2021 14:34 Area News
Canada Pension Plan Investment Board (CPP Investments) has entered into a definitive agreement to become the 100% owner of Ports America, North America’s largest marine terminal operator, by acquiring interest from funds...
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Samskip acquires Sea Connect to expand Baltic Sea footprint

glory 24-09-2021 16:45 Area News
Dutch transport group Samskip has decided to acquire Lithuanian shortsea specialist Sea Connect, broadening its Baltic operations. The Klaipeda-based shipping company, which will be renamed Samskip Sea Connect, offers...
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Adani Ports wraps up acquisition of Gangavaram Port

glory 23-09-2021 16:03 Area News
India’s largest private ports and logistics company Adani Ports and Special Economic Zone Ltd (APSEZ) has concluded the acquisition of the Gangavaram Port by buying the remaining 10.4% stake from the Government of Andhra...
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Maersk Tankers’ technical management unit has new owner

glory 23-09-2021 15:16 Area News
Synergy Marine Pte. Ltd., a subsidiary of Singapore-based ship manager Synergy Group, has signed an agreement to take over Maersk Tankers’ technical management business. According to the duo, the acquisition will...
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Wärtsilä to sell LNG tank control system division to Svanehøj

glory 20-09-2021 16:16 Area News
Finnish technology group Wärtsilä has decided to sell Wärtsilä Tank Control Systems (TCS) business to Danish marine pump manufacturer Svanehøj. As part of the acquisition of Wärtsilä TCS, a new independent business for...
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Maersk acquires Portuguese logistics startup

glory 15-09-2021 17:35 Area News
Danish shipping giant A.P. Moller – Maersk has acquired HUUB, a Portuguese cloud-based logistics startup. This is company’s third acquisition this year within E-commerce logistics and it comes through the company’s...
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