Latest news from Heavy Lift & Project Forwarding International Magazine

Boskalis abandons intended public offer for Smit

December 04 - Royal Boskalis Westminster has abandoned its plan to make a public offer for all the issued and outstanding ordinary shares of Smit Internationale nv.

er Berdowski, CEO Royal Boskalis Westminster said: "Over the past couple of months we have had discussions with Smit, both at the level of the Board of Management and the Supervisory Board. In these meetings various Smit break-up scenarios were suggested and discussed by both parties.

Unfortunately we were not able to reach a transaction structure that is supported and recommended by the Board of Management and Supervisory Board of Smit.

In view of the changed conditions in the financial markets and the market in general, we believe it is irresponsible to pursue the offer without support and cooperation from the Board of Management and Supervisory Board of Smit."

Boskalis made its initial moves for Smit in September with a EUR 1.11bn ($1.57bn) bid and by mid October had built a 200lding in the company which is involved in harbour towage, terminals, salvage, as well as transport & heavy lift services.

Ben Vree, CEO of SMIT said: "SMIT will continue its successful strategy of integrated maritime services, making optimal use of synergies between our divisions Harbour Towage, Terminals, Salvage and Transport & Heavy Lift. Today's announcement signals the end of a period of uncertainty for our company, our joint-venture partners and our employees. Our business shows a positive development for the second half of this year and our investment programme is at full speed. We are back to business as usual and have all sails set!"

Heavy Lift | News

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: 226
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: 232
Penman joins Malin React thumbnail image

Penman joins Malin React

April 22 - Malin Group has named Graham Penman as business unit manager of its recently launched Malin React division.
Views: 1456
Big Bend Channel expanded thumbnail image

Big Bend Channel expanded

April 22 - Port Tampa Bay in Florida has completed the USD63 million expansion of the Big Bend Channel, one year ahead of schedule.
Views: 306

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.