All Mergers and acquisitions articles – Page 25
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Industry prepares for widespread consolidation
Consolidation was the word on everybody's lips at the Breakbulk Americas 2016 exhibition held from September 26-29 in Houston, USA. Annie Roberts reports from the show.
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Rumours fuel OOCL share price rise
January 13 - The share price of Orient Overseas International (OOIL), the parent company of shipping line Orient Overseas Container Line (OOCL), has jumped more than 25 percent since the end of 2016, reaching a 52-week high of HKD39.70 (USD5.12) on Wednes
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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).