rss icon Subscribe
desktop mobile

Mergers & Acquisitions

Ardent, Vernicos, EPE Partner

Ardent, Vernicos, EPE have combined forces to form a partnership for future operations within Eastern Mediterranean and the adjacent waters Photo Ardent Global

Ardent, Vernicos Tugs and Salvage, a Greek-based tug & salvage service provider and Environmental Protection Engineering (EPE) a Greek-based Oil Spill Response provider, have formally partnered for future operations within Eastern Mediterranean and the adjacent waters. The three companies signed a

GasLog Partners Acquires GasLog Gibraltar

Photo: GasLog

 GasLog Partners has agreed to acquire GasLog Gibraltar from GasLog (GLOG) for USD 207 million and to fully repay its USD 45 million unsecured term loan from GLOG.   GasLog Partners and GasLog announced that they have approved entering into agreement: "For the Partnership to purchase from GasLog 100%

Euronav, Gener8 Maritime Merger to Close in 2Q 2018

Photo: Euronav NV

 Tanker operators Euronav NV said that it remains confident of closing a takeover of the U.S.-based provider of international seaborne crude oil transportation services Gener8 Maritime in the next three months.    On 21 December 2017 the boards of Euronav and Gener8 Maritime announced agreement on

Ernst Russ Sells Marenave Schiffahrts Stake

Photo: Marenave Schiffahrts AG

 German asset and investment manager Ernst Russ Group has sold its stake in Marenave Schiffahrts AG, a shipping company in Germany.   "The focus of the Ernst Russ Group’s work was on restoring the business activities and realigning Marenave Schiffahrts AG in the maritime sector. This was concurrent

Wärtsilä acquires Transas

Transas Collaborative Decision Making Platform uniting Ship, Fleet Operations, Training and Ship Traffic Control Image Transas

Wärtsilä announced today that it has acquired Transas, an innovative, digital solutions provider headquartered in the UK. This acquisition is a recognition of Transas’ strong position in the maritime technologies market and its technological leadership. The transaction will allow Transas to work within

McDermott and CB&I Conclude Merger

Image: CB&I

 McDermott International and CB&I announced that the companies have received antitrust clearance in Russia for their proposed combination. With this clearance, McDermott and CB&I have received all the required competition authority approvals for the transaction.   As previously announced on December 18,

DP World Acquires Cosmos Agencia Maritima in Peru

Pic: Cosmos

 Dubai-based DP World, , one of the world's largest port operators, said it had bought a logistics firm  Cosmos Agencia Maritima (CAM) in Peru for $315.7 million, giving it a 50 percent stake in the country's second largest container terminal.    "CAM owns a fully integrated logistics service business (Neptunia S.

Lloyd’s Register Acquires Cyber Security Firm Nettitude

© vege / Adobe Stock

Lloyd’s Register (LR) announced it has acquired cyber security services provider Nettitude.    LR, who already provides a range of cyber security services such as certification, compliance, training, audit and security consulting, said the acquisition strengthens its existing portfolio to provide services including penetration testing,

Offshore Groups Bibby, Rever Merge

Bibby Offshore chief executive Howard Woodcock (Photo: Bibby Offshore)

The U.K.’s Bibby Offshore will merge with Norwegian firm Rever Offshore AS in a move targeting opportunities in the diving and subsea umbilicals, risers, and flowlines (SURF) markets. The transaction has been agreed and is expected to close soon, announced Bibby owner Fara Holdco Limited. The

Executives Larkins, Morais Acquire SSI

From left to right: Darren Larkins and Denis Morais (Photo: SSI)

As of March 1, 2018, CEO Darren Larkins and President & CTO Denis Morais have acquired ownership of the shipbuilding software development company SSI from the company’s founder Rolf Oetter.   Larkins and Morais have been managing SSI for the past seven years while Oetter has focused on other initiatives.

Ship Finance International Acquires 15 Vintage Vessels

Image: Ship Finance International

 Ship Finance International Limited announced that it has agreed to acquire a fleet of 15 feeder size container vessels, ranging from 1,100 TEU to 4,400 TEU, in combination with long term bareboat charters to a leading container line.  The purchase price is confidential, but close to recycling value of the vessels.

Harvey Gulf's Guidry Remains Confident as Bankruptcy Plays Out

Shane Guidry, Chairman & CEO Harvey Gulf

In a March 10th E-mail to customers and media alike, Guidry charts the course ahead.   In a terse E-mailed letter addressed to 'Valued Harvey Gulf Customers,' the U.S. flag offshore energy support CEO this weekend said, "I am pleased to report that the Bankruptcy Court has granted all of the first

Sale of Maersk Oil to Total Complete

Total & Maersk Oil Photo courtesy Total

A.P. Møller - Mærsk A/S [A.P. Moller - Maersk] has received all regulatory approvals and has today completed the sale of Mærsk Olie og Gas A/S [Maersk Oil] to Total S.A. [Total], which was announced on 21 August 2017.   A.P. Moller - Maersk has transferred its shares in Maersk Oil to Total and as consideration received 97.

Bjørnar Iversen Resigns as CEO of Songa Offshore

Bjørnar Iversen. Photo: Songa Offshore

 Bjørnar Iversen, CEO of Songa Offshore SE, has resigned effective 6 March 2018 said a single sentence press statement from the company.   This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act, said the statement.   Before joining the company in June 2013,

Maritime Apps