Latest news from Heavy Lift & Project Forwarding International Magazine

DP World acquires Topaz

Port terminal operator DP World has entered the oilfield services sector having acquired Topaz Energy and Marine in a deal valued at nearly USD1.1 billion.

Topaz offers logistics services for the global energy industry with a fleet of 117 vessels. It operates predominately in the Caspian Sea, Middle East and North Africa (MENA), and West Africa regions.

For DP World, the acquisition supports its objective of increasing the company’s presence in the global logistics and marine services industry.

DP World group chairman and ceo Sultan Ahmed Bin Sulayem, said: “We are pleased to announce the acquisition of Topaz, which further strengthens DP World’s position as a world-leading operator in maritime logistics services. In recent years, we have been investing selectively in the marine logistics sector in companies with high revenue visibility, consistent track record and strong customer relationships.

“This latest acquisition complements the operations of our P&O Maritime Services (POMS) business, which maintains over 300 vessels globally.”

www.dpworld.com

www.topazworld.com

Heavy Lift | News

Zeaborn forms JV with MPC thumbnail image

Zeaborn forms JV with MPC

September 18 - Zeaborn Group has formed a joint venture with MPC Capital Group to handle the chartering and commercial management of a fleet of more than 160 container and bulk carriers.
Views: 175
Antwerp forwarders team up thumbnail image

Antwerp forwarders team up

September 6 - Aneka and Edmond Van Dyck & Sons, two Antwerp-based freight forwarders, are merging their operations to create Steelduxx, a new entity that will be fully operational in 2020.
Views: 1185
First joint shipment for DSV Panalpina thumbnail image

First joint shipment for DSV Panalpina

September 2 - Last week, DSV Panalpina delivered thrust reverser engine parts from Huntsville, USA to Luxembourg – the first shipment handled by the new organisation’s combined network.
Views: 1547
PSA acquires Penn Terminals thumbnail image

PSA acquires Penn Terminals

September 2 - PSA International has acquired Penn Terminals, located on the Delaware River in the USA, from Macquarie Infrastructure Partners.
Views: 1293

Heavy Lift Across The World

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