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Yangzijiang buys stake in Xinfu Yard

glory 23-07-2021 19:01 Area News
Yangzijiang Shipbuilding (Holdings) Ltd., one of the largest private shipbuilders in China, has entered into a sale and purchase agreement with Sanfu Shipbuilding Holdings for the purchase of the remaining 20% equity stake...
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Grimaldi forms company in Spain to buy Armas ships, terminals

glory 20-07-2021 13:07 Area News
Italian shipping company Grimaldi Group and its Spanish counterpart Armas Trasmediterránea Group have reached a definitive agreement for the sale of ships and port terminals. The agreement signed on 19 July in Madrid...
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Hapag-Lloyd wraps up NileDutch acquisition

glory 08-07-2021 19:51 Area News
Germany’s Hapag-Lloyd — the world’s fifth-largest container shipping company — has closed the acquisition of the Dutch container shipping specialist Nile Dutch Investments B.V. (NileDutch). After signing a sales and...
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DP World snaps up U.S. logistics provider for $1.2 billion

glory 06-07-2021 18:16 Area News
Dubai-based port operator DP World has acquired U.S. logistics company Syncreon for an enterprise value of $1.2 billion. As disclosed, the transaction, which will be funded from the existing available resources, is...
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OSG gets acquisition offer from Saltchuk Holdings

glory 05-07-2021 14:34 Area News
Tanker shipping company Overseas Shipholding Group (OSG) has received a non-binding acquisition offer from Saltchuk Holdings for a price of $3.00 per share. As disclosed, the strategic process will be led by a newly...
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Erma First acquires Germany’s marine water system supplier

glory 07-06-2021 18:37 Area News
Greece-based ballast water equipment manufacturer Erma First has taken over RWO, a Germany-based supplier of systems for water and wastewater treatment aboard ships and offshore rigs. RWO was founded in 1975 and...
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Costamare takes York Capital’s stake in five 11,000 TEU boxships

glory 26-04-2021 20:22 Area News
Greek shipping company Costamare Inc. has acquired York Capital’s 60% equity interest, on average, in five 11,000 TEU containerships. The acquisition brings the Costamare’s ownership interest in these five vessels to 100...
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Rhenus takes major stake in Arkon Shipping & Projects

glory 14-04-2021 14:06 Area News
Germany-based short-sea shipping company Rhenus Maritime Services acquired 60 per cent of the shares in compatriot ship and project consignment manager, Arkon Shipping & Projects, in March 2021. As explained, Rhenus...
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Nakashima takes majority stake in Becker Marine Systems

glory 12-04-2021 16:14 Area News
Japanese manufacturer of marine propellers Nakashima Propeller Co. Ltd. has acquired a majority stake in the German shipbuilding supplier Becker Marine Systems GmbH. As explained, the two companies together can make “...
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Seaspan to buy 8,500 TEU scrubber-fitted boxship pair

glory 05-04-2021 21:00 Area News
Seaspan Corporation, a subsidiary of Atlas Corp., has entered into an agreement to acquire two 8,500 TEU scrubber-fitted containerships. As informed, the vessels are anticipated to be delivered during the second quarter...
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