Mergers & Acquisitions

OSG Joins NYSE "Big Board"

Overseas Shipholding Group, Inc. (NYSE:OSG) (the “Company” or “OSG”) announced today that it has been approved by the New York Stock Exchange (“NYSE”) to transfer

Rockport Marine Acquires David Jones Yacht Brokerage

Custom wooden boat builder and designer Rockport Marine of Rockport, Maine, has acquired David Jones Yacht Brokerage, effectively expanding Rockport Marine's offering beyond the design,

Merger: Survitec Joins Forces with WMS

 Survitec Group announced a transformational deal with the Marine Safety business of Wilhelmsen Maritime Services AS (WMS), in which WMS will transfer into Survitec

Maersk's New CEO Appointment Raises Prospect of Break-up

Danish shipping and oil group A. P. Moller-Maersk could split up into separate companies, its chairman said on Thursday after naming Soren Skou, the head of its container business, as chief executive.

RBS Receives Bids for Greek Shipping Business

The Royal Bank of Scotland has received bids for its Greek ship finance business, banking and financial sources familiar with the matter said, following a leap

Philadelphia Energy Shopping East Coast's Largest Refinery

Philadelphia Energy Solutions, the Carlyle Group-backed company that breathed new life into a "zombie" refinery complex on the East Coast is now trying to shed

RBS Taking Bids for Greek Shipping Business

The Royal Bank of Scotland has received bids for its Greek shipping finance business which is worth about $3 billion as it looks to scale down on non-core activities,

GAC Dedicated Co-packing Facility in JAFZA, Dubai Opens

GAC Dubai’s contract logistics arm has opened a new dedicated co-packing facility in the Jebel Ali Free Zone (JAFZA) as part of the company’s continued investment and growth strategy.

Tokyo Gas buys Eagle Ford Shale Stake

Tokyo Gas Co said on Tuesday it has bought a 25 percent stake in an Eagle Ford shale gas formation, in what could be among the first shale investments in the United

Exxon Torrance Crane Collapse Impacts Ops, Sale

A 300-ton crane at a Torrance, California, refinery that Exxon Mobil Corp plans to sell fell onto a portion of a gasoline unit at the plant, industry sources said on Monday.

Private Equity Warms up to Oil

Nearly half of PE funds expect a deal by mid 2017; North America remains focal point of deals. The world's private equity funds, with a cash pile of around $1 trillion,

UK P&I and Britannia Clubs Call off Merger Talks

The boards of the UK P&I and Britannia Clubs since February 2016 have been in discussion regarding a potential merger between the two clubs.     While a number

Marathon Oil to buy PayRock Energy Holdings

Oil and natgas producer Marathon Oil Corp said on Monday it agreed to buy PayRock Energy Holdings LLC for $888 million from venture capital firm EnCap Investments.

Mein Schiff 5 delivered to TUI Cruises Ahead of Schedule

Today, ten days ahead of schedule, TUI Cruises took delivery of Mein Schiff 5 from the Meyer Turku shipyard. Wybcke Meier and Frank Kuhlmann, CEO and CFO of TUI Cruises, together with Dr.

Palfinger Plans to buy Norway's TTS Group

PALFINGER AG, a company listed on the Vienna Stock Exchange and headquartered in Bergheim/Salzburg, intends to make a takeover bid, via its subsidiary Palfinger Marine GmbH,

Qatar Navigation to buy Qatar Petroleum stake in Al Shaheen

Qatar Navigation (Milaha) has reached a preliminary agreement to buy Qatar Petroleum's stake in oilfield services firm Al Shaheen Holding, Milaha said in a bourse filing on Sunday.

Seaspan Rejects Hanjin’s Proposal on Charter Rate

 The container ship-leasing company Seaspan Corp declined Hanjin Shipping Co.’s request for a cut in charter rates by about 30 percent, dealing a blow to efforts

Safe Harbor Marinas Acquires Grand Isle Marina

Safe Harbor Marinas has acquired Grand Isle Marina in Grand Haven, Mich., about a three-hour drive from both Chicago and Detroit. Located along 21 miles of inland

Indian Consortium to Pay $2.1 bln for Stake in Rosneft's Vankor

A consortium of Indian oil companies will pay just over $2 billion for a 23.9 percent stake in Russian oil producer Rosneft's Vankor oil field, Interfax news agency cited sources as saying on Friday.

nexAir Further Expands Its Southeast US Footprint

Distributor of atmospheric gases and welding supplies, Memphis-based nexAir LLC, announced its merger with 23 Praxair Distribution Southeast, LLC (PDSE) branches

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