Latest news from Heavy Lift & Project Forwarding International Magazine

Dockwise ups ownership in Fairstar to 28 percent

May 1 - Further to our report from April 27, according to reports online, Dockwise Ltd - through its subsidiary Dockwise White Marlin - last week completed the acquisition of 19 percent of the shares in Fairstar Heavy Transport nv and has now waived the s

Reuters reports that Dockwise still has one conditional purchase agreement for just over 26 percent of the shares inFairstar, adding that "completion of this agreement remains conditional on the approval of resolutions for the financing of the purchase of shares in Fairstar through an offering and issuance of new shares in Dockwise, primarily by the way of a rights issue, which approval is to be obtained at the Dockwise's Annual General Meeting which will be held on May 9, 2012."

As we reported last week, following its suspended AGM, Fairstar expressed certain allegations and suggested that Dockwise's offer does not comply with the relevant rules and regulations and indicated it would commence an investigation into "undisclosed Dockwise shareholder agreements".

In response, Dockwise said it had made all required disclosures, acted in compliance with all relevant rules and regulations and will continue to do so.

www.fairstar.com

www.dockwise.com

Heavy Lift | News

Rotterdam moves ahead with rail link thumbnail image

Rotterdam moves ahead with rail link

June 2 - A steel arch bridge has been installed across the Thomassentunnel and the A15 and N15 motorways in the Netherlands, forming a key link in the port of Rotterdam’s proposed Theemswegtracé railway line.
Views: 216
Seville progresses with port projects thumbnail image

Seville progresses with port projects

June 2 - The Port Authority of Seville (APS) has relaunched five public tenders for port enhancement projects, including the expansion of the Muelle de Armamento (Armament Pier).
Views: 197
Omega Morgan expands footprint thumbnail image

Omega Morgan expands footprint

June 1 - Omega Morgan has expanded its industrial warehouse and storage capabilities at the ports of Tacoma and Portland, USA.
Views: 362

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