All Mergers and acquisitions articles – Page 26
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Terex ends Zoomlion talks
May 31 - Terex has confirmed that discussions with Zoomlion Heavy Industry Science and Technology regarding the potential purchase of the US headquartered manufacturer have been terminated.
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Kalhagen joins Metro Ports
May 24 - Metro Ports has named Geir-Eilif Kalhagen to the newly-created position of director of northern California and Pacific Northwest.
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Terex agrees Konecranes sale
May 17 - Terex Corporation has agreed with Konecranes to terminate its original merger plans and instead sell its material handling and port solutions (MHPS) business to the Finnish company for USD1.3 billion.
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Horizon Terminal opens at Port Everglades
May 13 - Horizon Terminal Services has commenced operations in Port Everglades, Florida, USA.
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Hapag-Lloyd battles through 'seasonally weak first quarter'
May 13 - Hapag-Lloyd reported a fall in revenues during the first quarter of 2016, due in part to a significant drop in average freight rates.
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Container lines form THE Alliance
May 13 - Hanjin Shipping, Hapag-Lloyd, "K"Line, Mitsui O.S.K. Lines, Nippon Yusen Kaisha (NYK Line) and Yang Ming have partnered to form THE Alliance - a new container shipping alliance covering East-West trade lanes.
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Challenging times ahead, says WWH
May 13 - Shipping and integrated logistics group Wilh. Wilhelmsen Holding (WWH) reported an operating profit of USD143 million for Q1 2016, on the back of revenues totalling USD848 million during the quarter.
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Modern Cranes buys Grove unit
May 9 - Modern Cranes, a crane rental company based in Hyderabad, India, has expanded its crane fleet with its biggest acquisition yet - a Grove GMK6300L.
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AmQuip and Maxim to merge
May 3 - North American private equity firm Apollo Global Management has signed agreements to acquire and merge together AmQuip Crane Rental and Maxim Crane Works.
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Hapag discusses UASC merger
April 21 - Hapag-Lloyd has confirmed that it is currently discussing forms of cooperation with United Arab Shipping Company (UASC), including a potential combination of the two parties' mutual container shipping operations.
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Kobelco giants join MIC
April 20 - Kobelco Construction Machinery celebrated the handover of three 1,250-tonne capacity SL16000J-H crawler cranes to its longstanding customer, Japan's MIC Corporation, at the bauma exhibition in Munich last week.
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Rickmers considers ship management merger
April 18 - Rickmers Holding and E.R. Capital Holding are reviewing a potential merger of their respective ship management units - Rickmers Maritime Services and E.R. Schiffahrt.
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Vallianz buys out Holmen
April 12 - Through its wholly owned subsidiary Vallianz International, Vallianz Holding has acquired a 75 percent shareholding in Holmen Heavylift Offshore for USD6 million.
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EMS gains Fehn Lyra
April 11 - The 4,500 dwt vessel Fehn Lyra (ex-Fluvius Tamar) has joined the fleet of Fehn Ship Management and will subsequently be chartered by EMS Chartering.
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DSV says UTi takeover going well
April 11 - Following its acquisition of UTi, DSV says that its 100 largest clients have all committed to continuing business with the combined group.
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Zeaborn expands fleet to 34
April 11 - Further to the news reported by HLPFI last week regarding the company's cooperation with Carisbrooke Shipping, Zeaborn has acquired a majority shareholding in the shipping-related companies of the HC Group.
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Atlas completes Southern swoop
April 8 - In a deal worth USD110 million, Atlas Air Worldwide Holdings has completed its acquisition of Southern Air Holdings.
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Duo joins DPH
April 6 - US based stevedoring and terminal service organisation Diversified Port Holdings (DPH) - parent company of Seaonus and Portus - has appointed Chris May as chief process officer and Troy Gouger as president of operations.
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Bilbao ups project cargo focus
March 31 - According to Uniport Bilbao, SDW Shipping has begun a new monthly service linking the Spanish port with Colombia, Ecuador, Peru, Chile and Bolivia.