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MSC’s Messina Acquisition Gets Go-Ahead from Italian Regulator

glory 22-10-2019 13:55 Area News
Swiss shipping major Mediterranean Shipping Company (MSC) has received the green light from the Italian Competition Authority (AGCM) to acquire a minority stake in Genoa-based shipping company Ignazio Messina & C....
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Erma First Acquires Maritime-Focused Tech Firm

glory 18-10-2019 15:52 Area News
Greece-based manufacturer of ballast water treatment systems Erma First has acquired a controlling interest in Metis Cyberspace Technology that was previously owned by Olympia Group. Established in 2016, Metis is...
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FDX Offshore Acquires Womar Logistics

glory 25-09-2019 17:09 Area News
Connecticut-based maritime finance company FDX Offshore has acquired Singapore’s tanker pool operator Womar Logistics. By combining their expertise, the duo wants to build “the best independent pool operator in the...
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Ernst Russ Expands in Shipping Segment, Reports H1 Loss

glory 17-09-2019 15:39 Area News
Despite posting first-half losses, Germany’s asset and investment manager Ernst Russ closed H1 2019 with a significant expansion in the shipping segment. In June 2019, the company acquired a major shareholding in a ship...
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Grindrod Shipping to Buy Additional Stake in IVS Bulk

glory 29-08-2019 17:33 Area News
Singapore-based Grindrod Shipping Holdings has decided to acquire a 33.25 percent stake of one of its two JV partners in bulk carrier owner and operator IVS Bulk. Grindrod will thus increase its ownership percentage in...
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MacGregor Finally Seals TTS Acquisition

glory 01-08-2019 19:28 Area News
Following several delays, Cargotec’s MacGregor has wrapped up the acquisition of the marine and offshore businesses of TTS Group ASA. First unveiled in February 2018, the asset sale agreement has been valued at around EUR...
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ACCC Expresses Concerns about ANZ Terminals, GrainCorp Deal

glory 25-07-2019 14:14 Area News
The Australian Competition and Consumer Commission (ACCC) has raised “preliminary” concerns about ANZ Terminals’ proposed acquisition of GrainCorp’s Australian Bulk Liquid Terminals business.  Unveiled in March this year...
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MacGregor: China’s Clearance of TTS Acquisition Still Pending

glory 25-06-2019 20:35 Area News
The completion of MacGregor’s acquisition of the maritime and offshore businesses of TTS Group ASA has again been postponed. MacGregor, part of Cargotec, now anticipates the closing of the transaction to take place in the...
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MSC Takes Stake in Italy’s Ignazio Messina

glory 18-06-2019 14:17 Area News
Switzerland-based container shipping major Mediterranean Shipping Company (MSC) has acquired a minority stake in Italian shipping company Ignazio Messina & C. Specifically, MSC and Messina have reached a final...
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Economou Proposes to Acquire DryShips

glory 14-06-2019 14:18 Area News
Marshall Islands-based SPII Holdings has offered to buy Greek ship owner and operator DryShips, which recently wrapped up the acquisition of tanker pool operator Heidmar. As informed, Dryships has received a non-binding...
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