Florida-based Crowley Maritime Corporation has been awarded a multi-year, $638 million contract for vessel acquisition management (VAM) by the U.S. Maritime Administration (MARAD).
As informed, Crowley will assist in the...
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...
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...
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...
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...
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...
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...
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...
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...
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 “...
