Latest news from Heavy Lift & Project Forwarding International Magazine

Dockwise ups ownership in Fairstar to 28 percent

May 1 - Further to our report from April 27, according to reports online, Dockwise Ltd - through its subsidiary Dockwise White Marlin - last week completed the acquisition of 19 percent of the shares in Fairstar Heavy Transport nv and has now waived the s

Reuters reports that Dockwise still has one conditional purchase agreement for just over 26 percent of the shares inFairstar, adding that "completion of this agreement remains conditional on the approval of resolutions for the financing of the purchase of shares in Fairstar through an offering and issuance of new shares in Dockwise, primarily by the way of a rights issue, which approval is to be obtained at the Dockwise's Annual General Meeting which will be held on May 9, 2012."

As we reported last week, following its suspended AGM, Fairstar expressed certain allegations and suggested that Dockwise's offer does not comply with the relevant rules and regulations and indicated it would commence an investigation into "undisclosed Dockwise shareholder agreements".

In response, Dockwise said it had made all required disclosures, acted in compliance with all relevant rules and regulations and will continue to do so.

www.fairstar.com

www.dockwise.com

Heavy Lift | News

C-Job opens in Houston thumbnail image

C-Job opens in Houston

July 23 - The Netherlands-headquartered C-Job Naval Architects is set to open an office in Houston, USA.
Views: 194
Timmers to leave Rotterdam thumbnail image

Timmers to leave Rotterdam

July 23 - Robert Jan Timmers is stepping down as business developer and business manager for breakbulk at the port of Rotterdam after more than ten years in the role.
Views: 241
Contargo combats low water levels thumbnail image

Contargo combats low water levels

July 23 - Contargo has adapted its barges to cope with the low water levels that have plagued the River Rhine and reduced the volume of cargo that can be transported on the waterway.
Views: 231
Hellmann bridges the gap thumbnail image

Hellmann bridges the gap

July 23 - Hellmann Worldwide Logistics has coordinated the delivery of two fully assembled seaport passenger boarding bridges (SPBB) from Spain to Sydney, Australia.
Views: 257

Heavy Lift Across The World

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