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Mergers & Acquisitions

Hyundai Discussing Concessions with EU Regulators Over Daewoo Deal

© Genya / Adobe Stock

The world's biggest shipbuilder Hyundai Heavy Industries Holdings Co Ltd is discussing concessions with EU antitrust regulators to allay concerns over its $1.8 billion bid for rival Daewoo, people familiar with the matter said.The deal, in part a response to overcapacity in the sector, would reinforce

OSM Nears Deal to Acquire SeaTeam

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Norway-based ship management company OSM Maritime said Monday that it is nearing a deal to acquire Singapore-headquartered competitor SeaTeam Management from Frontline Ltd and Golden Ocean Group Limited.The acquisition, which is in final negotiations and remains subject to definitive documentation,

Envoy Acquires Avantis Marine

Image Credit: Envoy

UK-based Envoy Group has acquired a marine engineering company, Avantis Marine, to target carbon reduction and clean energy solutions for offshore markets.Avantis specializes in marine engineering with a focus on environmental performance and clean technologies for the shipping, oil and gas and passenger transport markets.

DP World Acquires Majority Stake in UNICO Logistics

(Photo: DP World)

Dubai-based DP World said it has agreed to acquire a 60% stake in South Korea's UNICO Logistics Co. Ltd. as the firm continues its expansion across the worldwide end-to-end logistics supply chain. The transaction, subject to regulatory clearances, is expected to close in the fourth quarter of 2020.

Wilhelmsen Ship Management Acquires 50% Stake in Ahrenkiel Steamship

Pictured are Christian Rychly (on screen; left), Managing Director of MPC Capital – in Hamburg, and Carl Schou, CEO & President of Wilhelmsen Ship Management – in Singapore, taken during an online signing ceremony to formalize the partnership. (Photo: Wilhelmsen Ship Management)

Wilhelmsen Ship Management, a provider of third-party ship management services headquartered in Singapore, and the Hamburg-based asset and investment manager MPC Capital AG have agreed to combine their activities in the technical management of containerships. To this end, Wilhelmsen Ship Management

EU Again Halts Probe into Korean Shipbuilding Tie-up

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EU antitrust regulators have again halted their investigation into world No. 1 shipbuilding group Hyundai Heavy Industries' $1.8 billion merger with Daewoo Shipbuilding & Marine Engineering, a European Commission filing showed.This is the third time the EU competition enforcer has halted the probe,

Royal Caribbean Takes Full Ownership of Silversea Cruises

A Silversea Cruises cruise ship -Credit: Fincantieri

Royal Caribbean Group has acquired the remaining shares of Silversea Cruises, a specialist in the ultra-luxury and expedition cruising, after previously buying a two-thirds share of the cruise line in July 2018.The remaining one-third stake held by Heritage Cruise Holding Ltd. was paid for in the form of 5.

Ardmore Rejects Hafnia's Takeover Bid

© Bridge Valley / MarineTraffic.com

Ireland-based tanker shipping company Ardmore Shipping Corporation confirmed Tuesday that it received and turned down an unsolicited acquisition proposal last month from larger competitor Hafnia Limited.BW Group's Hafnia said it sent a letter on June 19 to the chairman of Ardmore's board outlining

Maersk Acquires Customs Broker KGH

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Maersk said on Monday it had agreed to buy Sweden-based customs broker KGH Customs Services for 2.6 billion Swedish crowns ($281 million), as the container shipping group seeks to expand its end-to-end logistics services.Maersk since 2016 has sold its oil and gas business and focussed on its container

Fincantieri Acquires Comms Equipment Supplier

(File photo: Fincantieri)

Fincantieri said it has acquired a majority share in communications equipment supplier Support Logistic Services (SLS) as the Italian shipbuilding group continues its push to diversify and expand its product and service portfolio.Rome-based SLS, which produces, installs and maintens radar, satellite

North Completes Integration of Sunderland Marine

North Chief Executive Paul Jennings (Photo: North)

North P&I Club announced it has completed the integration of the Sunderland Marine Insurance Company Limited business into parent company The North of England Protecting and Indemnity Association Limited.The formal transfer of business, which takes effect Tuesday, comes six years after the merger of

DP World Completes Integration of Unifeeder and Feedertech

(Photo: DP World)

DP World announce Tuesday it has finished integrating its recent acquisitions Unifeeder and Feedertech, creating a feedering and shortsea network serving hundreds of ports across the globe.Unifeeder, which recently acquired Feedertech, operates feeder and shortsea services around northern Europe and

Mitsubishi Heavy in Talks to Acquire Mitsui E&S's Shipbuilding Business

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Mitsubishi Heavy Industries said it had agreed to begin talks with Mitsui E&S Holdings to acquire its shipbuilding business.A deal to acquire Mitsui E&S's shipbuilding unit could help Mitsubishi Heavy, Japan's biggest defense company, better compete for naval contracts. It could also mark a tentative

Shannon Buys Ardent's Australian Subsidiary

Ardent Oceania recently recovered containers lost from YM Efficiency off the coast of Australia. (Photo: AMSA)

The Ardent Group sold its Australian subsidiary Ardent Oceania Pty Ltd to its managing director Drew Shannon. It will continue as an independent company under the new name United Salvage Pty Ltd.Ardent, a maritime emergency management and wreck removal company created by the 2015 merger of salvage divisions of Svitzer and Crowley,

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