All Mergers and acquisitions articles – Page 29
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Metro Ports seeks US Gulf growth
December 1 - Brent Mahana has been named Metro Ports vice president - business development, with a special emphasis on growth in the US Gulf region.
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ALC in Cargo Service buy
November 27 - Aarhus Logistics Centre (ALC) has signed an agreement to take over the activities of Cargo Service at the Danish Port of Aarhus.
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ProvPort plays offshore wind part
November 23 - Deepwater Wind and General Electric (GE) are establishing a new temporary manufacturing facility at Rhode Island's Port of Providence (ProvPort), for the assembly of turbine components for the Block Island wind farm.
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Alstom sells to GE
November 10 - Alstom has closed the sale of its energy activities to General Electric (GE) for approximately EUR12.4 billion (USD13.25 billion).
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CP Ships' Ray Miles dies
November 9 - Raymond R Miles, who during his 43-year international transport career helped steer the course of container shipping as it evolved through its second generation, died on Friday November 6, 2015 after a brief illness. He was 71.
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Safety a major concern at WCTS
November 5 - Over 270 delegates attended the two-day World Crane & Transport Summit (WCTS) at the NH Grand Krasnapolsky Hotel in Amsterdam, the Netherlands.
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Panalpina names Energy Services head
October 27 - Effective January 1, 2016, Michel Dubois will become global head of Energy Solutions at Panalpina, replacing Hans Toggweiler.
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Terex income down in 'challenging' market
October 22 - Terex Corporation posted an income from continuing operations of USD44.8 million for the third quarter of 2015, compared with USD58.7 million in the same period of 2014.
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Crowley looks to SeaFreight buy
October 20 - Crowley Maritime Corporation's liner services group has signed a letter of intent to acquire Miami based SeaFreight Agencies, a liner and logistics company that serves the Caribbean and parts of Central America.
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Volga-Dnepr takes Polet duo
October 19 - Volga-Dnepr Group has signed a finance lease agreement with Sberbank Leasing to acquire two AN-124-100 Ruslan freighter aircraft, previously operated by Polet Airlines.
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Bahri on the up
October 9 - National Shipping Company of Saudi Arabia (Bahri), reported a significant increase in third-quarter net profits this week.
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DSV buys UTi in USD1.35 billion deal
October 9 - Denmark headquartered DSV Group has acquired US based UTi Worldwide in a deal worth USD1.35 billion.
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TT Club remains stable
October 8 - The TT Club has published its mid-year update for the January 1 - August 31, 2015 trading period, reporting USD116 million in gross premiums earned and total assets of USD492.8 million.
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Shipmymachinery.com is now Absolute
September 30 - Absolute Worldwide Logistics has acquired Shipmymachinery.com, the online web portal providing transportation lead generation services to the transportation industry throughout North America relating to capital equipment and machinery, as w
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KOG founders hand over reins
September 29 - Following its acquisition by the Rhenus Group and subsequent corporate transition, KOG Worldwide founders Rolf Gubler and Jürgen Osmers will be replaced by Carsten Schröter and Tobias König, both of whom join KOG from Rhenus Project Logisti
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Gefco buys out IJS
September 28 - Gefco has signed an agreement with the private equity fund Nimbus to acquire Dutch logistics company IJS Global.
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Bonnesen up at Intermarine
September 22 - Effective immediately, Intermarine has named Lars Bonnesen as chartering director, Europe.
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First of ZPMC-Red Box module carriers leaves drydock
September 17 - Audax, the first of the two PC-3/ARC7 Ice Class module carriers that were ordered by ZPMC-Red Box Energy Services from Guangzhou Shipyard International (GSI) last year has been floated out from its drydock.
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Silk Way West gets third 747-8 freighter
August 21 - Silk Way West has taken delivery of the third from an order of five Boeing 747-8 freighters.
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Eddings up at Braemar
August 14 - Braemar Engineering has appointed Kyle Eddings to take over responsibility for global dynamic positioning (DP) and offshore projects, as part of plans to restructure its UK, US offshore and DP operations.