All Mergers and acquisitions articles – Page 43
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The Friday Flyer - June 14th 2013
These are the best of times to be buying shipping capacity and the worst of times to be selling shipping capacity. That is the message from Global Shipping Industry
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Clipper Projects and Thorco Shipping merge
June 11 - Clipper Projects and Thorco Shipping are set to merge and form one of the world's largest multipurpose/project shipping lines.
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Hicks takes on warehousing
June 10 - UK-based Hicks Logistics is expanding into warehousing following the acquisition of an industrial unit next to its existing headquarters in South Wales, in a move which will see ten new staff join the company.
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The Friday Flyer - June 7th 2013
In normal business cycles, some companies prosper and some companies fail. These are not normal business times so it is difficult to know whether STX Pan Ocean, South Korea's largest commodities shipping line, might have filed for court receivership even
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EIB funds Lithuanian Railways
June 3 - The president of the European Investment Bank (EIB), Werner Hoyer, has signed a EUR50 million (USD65.2 million) loan agreement with Lithuanian Railways for the acquisition of new rolling stock.
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ASCO Singapore shareholders seeks to go it alone
May 31 - Mangrove Holdings Pte Ltd has rejected an offer made by joint venture partner ASCO Holdings Ltd for the shares it holds in ASCO Freight Management Pte Ltd (ASCO Singapore) and says it has made a counter offer to acquire ASCO Holdings' majority sh
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Damco sees revenue and gross profit gains
May 23 - Damco has reported a 6 percent year-on-year revenue increase in Q1 2013 to USD773 million; with gross profit growing 5.4 percent to USD195 million. However, earnings before interest and tax during Q1 2013 totaled USD9 million - down 30.7 percent
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Evergreen acquires five aircraft
May 20 - Evergreen Helicopters - the wholly owned subsidiary of Portland, Oregon headquartered Erickson Air-Crane - has purchased five aircraft for USD10.1 million.
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Q1 slowdown at IAG
May 10 - IAG Cargo - the air freight division of the International Airlines Group - has seen its revenue for Q1 2013 drop by 7.2 percent year-on-year to EUR270 million (USD350.9 million).
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Boskalis adds to management board
May 9 - Dutch marine contractor Royal Boskalis Westminster held its annual general meeting on May 8, 2013.
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Hull Blyth makes African acquisitions
May 7 - Ship agency specialist in West Africa, Hull Blyth, has acquired Mainport Africa Shipping and Kestrel Maritime in South Africa.
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Greencarrier acquires Trana Spedition
May 7 - Swedish transport and logistics provider Greencarrier Freight Services has acquired all shares in Trana Spedition.
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Evergreen Helicopters fly with Erickson
May 3 - Oregon, USA based Erickson Air-Crane Incorporated has closed its acquisition of Evergreen Helicopters (EHI) from Evergreen International Aviation.
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The Friday Flyer - May 3rd 2013
This week saw CEVA Group announce the successful recapitalisation of its balance sheet, which may put an end to the intense speculation there has been about the company's future. That speculation began after a downgrade by Standard & Poor's to CEVA's cred
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Boskalis completes Dockwise acquisition
April 23 - Dutch marine contractor Royal Boskalis Westminster has completed the acquisition of semi-submersible and heavy lift shipping specialist Dockwise.
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Megalift invests in in Liebherr mobile crane
April 12 - Bremen-Based Megalift GmbH has invested in a Liebherr LTM 1350-6.1, saying that 350-tonne capacity mobile crane is a great fit for the company's requirements.
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Sietas jack-up nears completion
April 3 - Financially troubled Sietas shipyard, Hamburg is in the final stages of construction of the first jack-up vessel designed and built in Germany, for Dutch marine engineering concern, Van Oord.
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Hanssy and OXL enter JV
April 2 - Heavy lift and multipurpose project shipping lines, Hanssy Shipping and OXL have entered into a joint venture cooperation.
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NYK Line subsidiaries merged
April 1 - NYK Line has confirmed that NYK Bulk & Projects Carriers Ltd will be created on October 1, 2013, as the home of the wholly owned subsidiary companies: NYK-Hinode Line Ltd and NYK Global Bulk Corporation; the merger of which was announced in Dece
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The Friday Flyer - March 29th 2013
As this Friday Flyer is being written, we are digesting the latest report from shipping industry consultant Drewry. It starkly shows that for the next few years the multipurpose sector will be in choppy waters. In the long-term, prospects are good, accord