Latest news from Heavy Lift & Project Forwarding International Magazine

Boskalis completes acquisition of SMIT

April 7 - With more than 95 percent of shareholders having accepted the offer made by dredging company Royal Boskalis Westminster to acquire heavy lift shipping, tug and salvage company SMIT International, the merger of the two is now set to go ahead.

"The fact that more than 95 percent of the Smit shares were tendered within such a short period is extremely positive," said Peter Berdowski, chief executive officer of Boskalis. "This paves the way for the Smit Boskalis merger, creating clarity for our employees and all stakeholders. It enables us to expedite the integration of the two companies, realise the market and cost synergies and create the foundation for the leading maritime player we can become."

Shareholders who have not yet tendered their shares under the offer still have the opportunity to do so during the Post Closing Acceptance Period.

Heavy Lift | News

Zeaborn to take full control of Zeamarine thumbnail image

Zeaborn to take full control of Zeamarine

April 18 - The Zeaborn Group has signed an agreement to acquire the remaining shares in Zeamarine – the joint venture with Intermarine that was established in May 2018.
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Panalpina improves profitability thumbnail image

Panalpina improves profitability

April 18 - In the first three months of 2019, Panalpina boosted its profitability by 15 percent compared to the same period of last year.
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Wallem sets out strategy change thumbnail image

Wallem sets out strategy change

April 18 - Wallem has rebranded its corporate identity to reflect the company’s updated strategy and service offering. 
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