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Maersk to acquire logistics company in Asia Pacific

glory 22-12-2021 14:43 Area News
Danish shipping and logistics giant A.P. Moller – Maersk has reached an agreement to acquire 100% of the shares in LF Logistics, a Hong Kong-based contract logistics company. LF Logistics, owned by Li & Fung (78.3%)...
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MSC offers €5.7B to buy Bolloré Africa Logistics

glory 21-12-2021 16:41 Area News
Swiss container shipping major Mediterranean Shipping Company (MSC) has submitted an offer to acquire 100% of Bolloré Africa Logistics, comprising all of the Bolloré Group’s transport and logistics activities in Africa....
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NovaAlgoma Cement Carriers ups stake in JT Cement

glory 20-12-2021 15:50 Area News
NovaAlgoma Cement Carriers (NACC), a cement shipping joint venture between Luxembourg’s Nova Marine and Canada’s Algoma Central Corporation, has doubled its investment in JT Cement by acquiring an additional 25% of its...
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Taylor Maritime takes stake in Grindrod Shipping

glory 13-12-2021 20:14 Area News
UK-based dry bulk shipping company Taylor Maritime Investments has agreed to acquire a 22.6% stake in Grindrod Shipping Holdings, a dual NASDAQ- and Johannesburg Stock Exchange-listed shipping business. As informed,...
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CSL takes minority stake in Canadian engineering firm

glory 10-12-2021 14:08 Area News
CSL Group, a Canada-based owner and operator of self-unloading ships, has acquired a strategic minority stake in compatriot engineering firm EMS-Tech. Based in Belleville, Ontario, EMS-Tech designs and supplies self-...
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Costamare orders containership fleet

glory 09-12-2021 22:28 Area News
Greek shipping company Costamare has signed two shipbuilding contracts for the construction of a total of eight boxships. As informed, the company has concluded contracts with an unnamed Asian shipyard for two 13,000 TEU...
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CMA CGM to boost logistics footprint with latest $3 billion deal

glory 09-12-2021 17:19 Area News
French shipping major CMA CGM Group has signed a purchase agreement to acquire most of Ingram Micro’s Commerce & Lifecycle Services activities (CLS), including the company’s technology logistics businesses in North...
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Ernst Russ boosts fleet with 12 feeder vessels

glory 07-12-2021 15:27 Area News
German shipping company and maritime investment manager Ernst Russ has decided to increase its stake in a fleet holding company, thereby expanding its fleet with twelve containerships. As informed, the company’s...
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DNV acquires Applied Risk to build cyber security powerhouse

glory 24-11-2021 14:53 Area News
Norway-based classification society DNV has decided to acquire Dutch cyber security specialist Applied Risk in an effort to create an industrial security powerhouse. As informed, the two companies aim to build the world’...
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Report: EU blocks HHI’s mega acquisition deal with DSME

glory 17-11-2021 17:02 Area News
The European Union (EU) has achieved a consensus to prevent South Korean shipbuilding company Hyundai Heavy Industries (HHI) to finalize the proposed acquisition of rival Daewoo Shipbuilding & Marine Engineering (DSME...
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