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Mergers & Acquisitions

Oryx Acquires South African Marine Fuels

Image: South African Marine Fuels Pty Ltd

Oryx Energies, a provider of oil and gas products and services, has acquired the majority stake in South African Marine Fuels (SAMF), a bunkering company in Algoa Bay, Eastern cape, South Africa.Founded in 2016, SAMF is a woman-run enterprise with 100% South African staff operating at the only port

BW Group Increases Epic Gas Stake

Pic: BW Group

Singapore-based BW Group has increased its stake in the pressurised LPG shipping solutions company Epic Gas to 82.58% with the completion of its voluntary unconditional offer.On 16 April, BW Group received acceptances under the Offer for a total of 9,698,135 shares, corresponding to approx. 13.76% of

MOL Buys Reliance Ethane Carrier Fleet

Image: MOL

Japanese shipping giant Mitsui OSK Lines (MOL) will buy Reliance Industries (RIL) stakes in Singapore-based Reliance Ethane Holding (REHPL) which has a fleet of six very large ethane carriers (VLECs).RIL has 100% holding in six limited liability companies (LLCs) which own the VLECs. "MOL and a

Zeaborn Takes Full Ownership of Zeamarine

Zeaborn Frontier (CREDIT: Zeaborn)

The ZEABORN Group has signed an agreement to acquire the remaining ownership interests in ZEAMARINE held by New Mountain Capital.The ZEAMARINE joint venture was formed in August 2018 when New Mountain Capital and ZEABORN agreed to combine the commercial activities of Intermarine, ZEABORN Chartering and Rickmers-Line under the umbrella of ZEAMARINE,

Songa Bulk Merge with Axxis Geo Solutions

Pic: Axxis Geo Solutions

Norway-based Songa Bulk AS, an investment vehicle established to invest in dry bulk assets, has made an agreement to merge with company Axxis Geo Solutions (AGS).Per deal, Songa Bulk will assume the assets, rights and obligations of the Houston-based AGS against issuance of shares in Songa Bulk to existing shareholders of AGS.

Hyundai Heavy Sells Oil Stake to Saudi Aramco

Group photo of Saudi Aramco and HHIH executives and team members after the signing ceremony. Photo:  Saudi Arabian Oil Co.

South Korean shipyard Hyundai Heavy Industries sells its share of oil refinery Hyundai Oilbank to Saudi Arabian oil giant Saudi Aramco.According to a press release, Saudi Aramco’s subsidiary,  Aramco Overseas Company B.V (AOC) will purchase a 17% stake in South Korea's Hyundai Oilbank,

Chevron Buys Anadarko for $50Bln

Pic: Chevron Corporation

Chevron, the second-largest US oil and gas company, has agreed a $50bn deal to buy Anadarko Petroleum (APC)  in a massive deal that will bolster its natural gas and shale operations.The cash and stock deal announced Friday values Anadarko at $65 per share, 39% higher than the oil company's closing stock price on Thursday.

GOGL Buys Stake in Singapore Marine

Pic: Golden Ocean Group

Norway-based dry bulk shipping company Golden Ocean Group Limited (GOGL) has acquired a 15% ownership interest in Singapore Marine, a dry bulk freight operator sponsored by Peter Weernink, the former Chief Executive Officer of Swiss Marine SA.Singapore Marine, which has offices in Singapore, Geneva and Verbier,

CMA CGM Finalizes Ceva Logistics Tender

Pic: CMA CGM

French shipping giant CMA CGM has completed its public tender offer to acquire CEVA Logistics.The French carrier has confirmed the acquisition of Ceva Logistics after announcing it holds 97.89 percent of the company’s stock and will therefore de-list it from the Zurich Stock Exchange after April 16.

Contship Italia Sells Gioia Tauro

Image: Medcenter Container Terminal

Contship Italia SpA has sold its 50 percent share in the southern Italian port of Gioia Tauro, which includes the Medcenter Container Terminal (MCT).A press release said: "Contship, a fully controlled subsidiary of Terminal Investment Ltd (TIL) have executed a share purchase agreement concerning the sale of 50% of CSM Italia Gate S.

Total Buys 25% Stake in Ecoslops

Pic:Ecoslops

French multinational integrated oil and gas company Total S.A. has signed an agreement with Ecoslops S.A. that gives the oil major a 25% interest in its affiliate Ecoslops Provence.Ecoslops Provence is building a unit to regenerate oil residues at Total’s La Mède complex. The new facility is scheduled to come on stream in late 2019.

CNCo Acquires of Hamburg Süd Units

Pic: Hamburg Süd

German container shipping line Hamburg Süd and The China Navigation Company (CNCo) have completed the sale of Hamburg Süd’s dry bulk shipping business to CNCo after receiving regulatory approval.Earlier in January, Hamburg Süd announced that it is selling its bulk shipping business, which includes Rudolf A.

Clarksons Acquires Safe Harbour Tanker Chartering

Pic: Safe Harbour Tanker Chartering

Provider of integrated shipping services Clarksons Platou announced that it is planning to acquire Safe Harbour Tanker Chartering, a Connecticut-based shipbrokerage and marine consultancy firm.Safe Harbour Tanker Chartering has been in operation since 1989, and is based in Monroe, Connecticut. They are a well‐established ship broker,

CPLP Completes DSS Holdings Merger

Pic: Capital Product Partners L.P.

Greek shipping company Capital Product Partners (CPLP) has completed its merger of crude and product tanker business with businesses owned by tanker owner and operator DSS Holdings.A new company named Diamond S Shipping Inc has been formed which could be the third largest publicly traded MR and product fleet in the world,

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