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

Decarbonising shipping comes at a USD1 tn cost thumbnail image

Decarbonising shipping comes at a USD1 tn cost

January 22 - At least USD1 trillion of capital investment in land-based and ship-related infrastructure is required to reach the 2050 goal of reducing shipping’s greenhouse gas emissions by 50 percent of 2008 levels.
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Blue Water opens office in Guyana thumbnail image

Blue Water opens office in Guyana

January 21 - Blue Water Shipping has opened an office in Guyana in order to offer support to the country’s oil industry.
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