Latest news from Heavy Lift & Project Forwarding International Magazine

CMA CGM ups CEVA stake 

CMA CGM has increased its stake in CEVA Logistics to 33 percent.

CMA CGM’s purchase of more shares follows DSV’s confirmation that its recent offer to takeover CEVA Logistics was rejected by the CEVA board, as HLPFI reported here

HLPFI readers may recall that CMA CGM acquired its initial stake in CEVA Logistics as part of the planned flotation of the CEVA business earlier this year. 

Since then, CMA CGM’s duty to not increase its holding above 24.99 percent of the share capital before November 5, 2018 has been amended so that CMA CGM can increase its holding to up to one third of the voting rights. 

www.cevalogistics.com

www.cma-cgm.com

Heavy Lift | News

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Bilbao gains Norwegian connection

October 22 - Finnlines, part of the Grimaldi Group, has added a port call in Norway to its Biscay service between Bilbao, Spain and St. Petersburg, Russia. 
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Scot Explorer launched in Hoogezand thumbnail image

Scot Explorer launched in Hoogezand

October 22 - Scotline Marine Holdings’ 4,800 dwt vessel Scot Explorer has been christened and launched at the Royal Bodewes Shipyard in Hoogezand, the Netherlands.
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Wangfoong rescue on track thumbnail image

Wangfoong rescue on track

October 22 - Wangfoong Transportation has been involved in a complex salvage operation in Hong Kong, where it helped to recover three derailed trains.
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