Latest news from Heavy Lift & Project Forwarding International Magazine

American Commercial Lines' fate in shareholders hands

November 30 - Platinum Equity seems to be a step closer to finishing its acquisition of US barge operator American Commercial Lines Inc.

Platinum Equity said that so-called "go-shop" period - a 40-day stretch in which American Commercial Lines had the opportunity to seek out higher bidsexpired at the end of last week without any better offers.

Now on December 14 shareholders will have a chance to vote on the deal, with American Commercial Lines' board having recommended that investors approve the acquisition.

The company announced last month that Platinum Equity had agreed to buy the company in a deal worth about USD777 million, including roughly USD345 million of debt.

Project cargoes are an important commodity for ACL's large fleet of tank and dry cargo barges, plus towboats.

Heavy Lift | News

MACS appoints UAL America as agent thumbnail image

MACS appoints UAL America as agent

April 23 - MACS Maritime Carrier Shipping has appointed Universal Africa Lines, America (UAL America) as its sales agent in Texas, effective June 1, 2019.
Views: 142
EU recognises Scheuerle and Kamag thumbnail image

EU recognises Scheuerle and Kamag

April 23 - The EU Commissioner for budget and human resources, Günther Oettinger, congratulated TII Group for a combined 200 years of innovation and competence at its subsidiaries, Scheuerle and Kamag.
Views: 163
Ceva launches BRI block train thumbnail image

Ceva launches BRI block train

April 22 - Ceva Logistics North Asia has launched a block train service from China to Europe as the company looks to tap into the potential of the Belt and Road Initiative (BRI).
Views: 321
Crowley promotes Sandra Goranovic thumbnail image

Crowley promotes Sandra Goranovic

April 22 - Crowley Maritime has appointed Sandra Goranovic as vice president of finance and accounting for the Crowley Shipping business unit.
Views: 336

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