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Mergers & Acquisitions

MOL Snaps Up Adriatic Gas via Croatian Unit

Image: ENI

 MOL Group’s Croatian INA agreed to buy Eni Croatia BV, a wholly-owned member of Eni Group, through which Eni participated in the joint project of gas production in Croatia’s offshore areas Northern Adriatic and Marica.   INA will become the 100% owner and the sole operator of the Northern Adriatic

CMA CGM to Buy Finland's Containerships

© CMA CGM

French-based CMA CGM, one of the world's largest container shipping firms, has agreed to acquire Finland's Containerships from Container Finance Ltd Oy.Terms of the deal, which is expected to close in three to six months, were not disclosed.Containerships, which recorded sales of 227 million euros ($263 million) last year,

MOL Acquires Stake in AKOFS of Norway

From left: MOL Executive Officer Hiroyuki Nakano, Akastor CEO Karl Erik Kjelstad, General Manager of Third Projects Development Division, Infrastructure Projects Business Unit, Mitsui & Co., Ltd. Koichi Wakana and AKOFS Chairman Paal E. Johnsen. Photo: MOL

 Mitsui O.S.K. Lines (MOL)  announced that MOL and Mitsui & Co have entered into a share purchase agreement to acquire shares in AKOFS Offshore AS, which is owned by Akastor ASA, Norway.    After in-kind contribution of the company of owner and leasing the subsea support vessel, Skandi Santos, which MOL, Mitsui & Co.

Dorian LPG Rejects BW LPG Merger Offer

Photo: Dorian LPG

 Dorian LPG announced that its Board of Directors has unanimously declined an unsolicited, conditional proposal from Norway's BW LPG, the world's largest liquid petroleum gas shipper, to combine with Dorian in a stock-for-stock transaction.   After a thorough review, conducted in consultation with its financial and legal advisors,

Monjasa Acquires Bunker Supply Vessel for English Channel Operation

MT Frederica. Photo: Monjasa Group

 Monjasa acquires the 3,600 DWT tanker, MT Fredericia for continued bunker operation in the English Channel.    Leading up to the acquisition, the vessel has been on time charter by Monjasa for several years and the ceaseless high performance of the vessel now leads to definitive Monjasa ownership.

International Seaways Completes Acquisition of Six Euronav VLCCs

Photo: Euronav NV

 US-based tanker shipping company International Seaways (INSW) has completed the acquisition of six 300,000 dwt very large crude carriers (VLCCs) from Euronav NV.   The tanker company providing energy transportation services for crude oil, petroleum products and liquefied natural gas announced in

Royal Caribbean Buys $1 Bln Stake in Silversea Cruises

Manfredi Lefebvre D’Ovidio (left) shakes hands with Richard D. Fain after signing a deal that gives Royal Caribbean a 66.7 percent stake in Silversea (Photo: Silversea Cruises)

Royal Caribbean Cruises Ltd (RCL.N) said on Thursday it would buy a 66.7 percent stake in privately owned Silversea Cruises for about $1 billion to add ultra-luxury and expedition cruises to its fleet.Silversea Cruises, which has nine ships, sails to destinations including Antarctica, the Arctic and Greenland,

Twin Disc Acquires Veth Propulsion

(Photo: Veth Propulsion)

U.S. based power transmission technology and equipment manufacturer Twin Disc, Inc. announced it has entered into a definitive agreement to acquire the Netherlands based marine propulsion products supplier Veth Propulsion Holding, B.V. and its wholly-owned subsidiaries.Twin Disc said the purchase price is approximately $58.

Euronav Sells Suezmax Cap Jean

Photo: Euronav

 Tanker company Euronav NV announced that it has sold the Suezmax Cap Jean (1998 – 146,643 dwt) for USD 10.6 million.    The vessel was delivered to her new owners on June 8th. The Company will record a capital gain of approximately USD 10.6 million in the current quarter.   The sale of the Cap Jean is part of a fleet rejuvenation program.

Metal Shark Acquires Horizon Shipbuilding Assets

A steel tug built by Horizon Shipbuilding on the 660-ton Travelift at Metal Shark’s newly-acquired Alabama Shipyard (Photo: Metal Shark)

Louisiana-based shipbuilder Metal Shark said it has acquired the assets of Alabama-based Horizon Shipbuilding, which filed for Chapter 11 bankruptcy protection in October 2017.Metal Shark will assume ownership of Horizon’s fully developed 35-acre shipbuilding facility in the Mobile Bay region, following a motion approved by the U.

Sembmarine to Buy Sevan Marine’s IP

Photo: Sembcorp Marine

 Sembcorp Marine (SembMarine) announced that its wholly-owned subsidiary, Sembcorp Marine Integrated Yard (SMIY) plans to buy the intellectual property (IP) of Norway’s Sevan Marine for US$28 million and bring an end to a long-standing intellectual property dispute between the two parties.   SMIY

Songa Shareholders Approves Vessels Acquisition by Star Bulk Carriers

File Photo: Star Bulk Carriers Corp

 Star Bulk Carriers  announced that Songa Bulk has informed the Company that 99.73% of the present shareholders of Songa, at the Annual General Meeting of shareholders of Songa held on June 5, 2018, have voted in favor of and approved the previously announced transaction.   Accordingly, Star Bulk

DFDS Completes Acquisition of U.N. Ro-Ro

Photo: DFDS

 Danish shipping and logistics group DFDS has completed the acquisition of Turkey’s largest operator of Ro-Ro freight ships and will be a major player in the strong and continuously growing trade between the EU and Turkey.    In April, DFDS signed an agreement with the owners of  U.N. Ro-Ro to acquire the shares in the company,

Thyssenkrupp Mulls Sale of Naval Vessels Business

(File photo courtesy of Thyssenkrupp)

German conglomerate Thyssenkrupp is examining a full or partial exit from its naval vessels business, which is part of the group's Marine Systems unit, a person familiar with the matter said.The news was first reported by German newspaper Handelsblatt, which said the company was in talks with competitors

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