All Mergers and acquisitions articles – Page 23
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Done deal for Konecranes and Terex
January 5 - Konecranes has completed the acquisition of Terex's material handling and port solutions (MHPS) business.
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Wilhelmsen and Wallenius sign reshuffle agreement
December 23 - Wilh. Wilhelmsen Holding and Wallenius Lines have signed an agreement leading to a new ownership structure for their jointly owned investments in Wallenius Wilhelmsen Logistics, Eukor Car Carriers and American Roll-On Roll-Off Carrier.
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Genesee & Wyoming buys Pentalver
December 15 - APM Terminals has reached an agreement to sell UK based container-related services provider Pentalver to US based railroad operator Genesee & Wyoming.
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New MD at Broekman
December 12 - Broekman Logistics has appointed Willem Jan van Amersfoort to take over from Jacques Klein Kramer as managing director, warehousing and distribution.
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Chinese shipping line rebrands
December 8 - Heavy lift and project cargo shipping line, Cosco Shipping Company Limited (Coscol) has officially changed its name to Cosco Shipping Specialized Carriers Co Ltd, during a ceremony attended by more than 200 people.
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Report shows consolidation impact
December 7 - A recent report by VesselsValue gives a clear indication of the impact that container line consolidation is having on the total box ship fleet.
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Maersk to buy Hamburg Süd
December 1 - Maersk Line has reached an agreement to purchase German container shpping line Hamburg Süd from the Oetker Group.
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Misnak moves tank quartet
November 25 - Misnak International has coordinated the relocation of four liquefied petroleum gas (LPG) bullet tanks, weighing 450 tonnes each, at Port Reitz in Mombasa, Kenya.
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EC green lights Hapag-Lloyd and UASC merger
November 25 - The European Commission has approved the merger between Hapag-Lloyd and UASC - subject to certain conditions, including the latter withdrawing from the North Atlantic trade.
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Mediaco acquires SMMI Levage
November 14 - In France, the Mediaco group, which specialises in crane rental and specialised transport engineering services has bought SMMI Levag.
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No change for Boskalis outlook
November 11 - Royal Boskalis Westminster (Boskalis) closed its third quarter of 2016 in line with expectations.
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Columbia and Marlow explore merger
November 8 - Columbia Shipmanagement and Marlow Navigation have confirmed that they are discussing a potential merger or collaboration to extend their cooperation in the maritime training sector.
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DSV freight volumes grow
November 2 - DSV's Air & Sea division has posted a 51 percent year-on-year increase in sea freight volumes for the first nine months of 2016, along with an 84 percent increase in airfreight volumes, when compared with the same period last year.
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Japanese lines to merge box operations
October 31 - Three of Japan's largest shipping companies have announced that they plan to merge their container shipping and overseas terminal operations as the industry struggles with overcapacity and mounting losses.
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C.H. Robinson sees profits fall
October 27 - Earlier this week, large US logistics company CH Robinson said higher haulage costs and Hanjin'sbankruptcy were partly responsible for the fall in revenues and profits it recorded for third quarter.
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Basra Gateway expansion moves forward
October 27 - International Container Terminal Services (ICTSI) has officially opened the first phase of its greenfield terminal development at the Basra Gateway Terminal in Umm Qasr, Iraq.
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German shortsea shipping merger formed
October 25 - Leer based Hartmann Group and Papenburg headquartered Schulte & Bruns have agreed to expand their cooperation in shortsea shipping activities, with both parties taking a 50 percent share in Schulte & Bruns Chartering.
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Panalpina posts 'stable' figures
October 25 - In the first nine months of 2016, Panalpina recorded a slight increase in EBIT and consolidated profit, when adjusted for a second-quarter restructuring provision of CHF26 million (USD26.1 million).
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US clears Konecranes-Terex deal
October 11 - Konecranes has received clearance from the committee on foreign investment in the USA for its pending acquisition of Terex's material handling and port solutions (MHPS) business.
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ACS gets new investors
October 11 - Air Charter Service (ACS) has welcomed its first external investors after Alcuin Capital Partners purchased a minority stake in the UK air charter broker.