Mergers & Acquisitions

Fitch: M&A, Not Alliances to Help Revive Container Shipping

The following statement was released by the rating agency: Mergers and acquisitions, rather than the historically more popular alliances, are inevitable to address

ST Engineering Injects $66m into VT Systems

Singapore Technologies Engineering Ltd (ST Engineering) today announced that it has injected US$66m (approximately S$89m) into the capital of its US Headquarters, Vision Technologies Systems, Inc.

MHI Retains 50% Stake in MVOW

Mitsubishi Heavy Industries, Ltd. (MHI) said it will maintain 50 percent ownership of MHI Vestas Offshore Wind A/S (MVOW). MHI had announced a call option on September 27,

Alliance Merry-go-round Spins Again

 Four carriers have announced a new OCEAN Alliance to start next year. Where does this leave those carriers left behind?   To the surprise of many it was announced

Schlumberger to Acquire Coiled Tubing Drilling Units

Schlumberger has announced  it has entered into an agreement to acquire the coiled tubing drilling and coiled tubing units from Xtreme Drilling and Coil Services Corp.

Amec Foster Wheeler Appoints Halliburton's Lewis as CEO

Jonathan Lewis to take up CEO role from June 1. British oil and gas services company Amec Foster Wheeler said it has appointed Halliburton executive Jonathan Lewis as chief executive on Wednesday,

Sembcorp Profit Halved as Clients Defer Projects

Revenue falls 30 pct; order book at S$9.7 billion. Singapore rig-builder Sembcorp Marine's quarterly profit halved as customers deferred projects, and it faces

Aker Solutions, ABB Form Subsea Alliance

Aker Solutions and ABB agreed to build on their combined strengths in subsea, power and automation technologies to develop solutions that will improve oil and gas

EV Acquires Epidote

Leading specialist in well diagnosis, EV, has announced the acquisition of Aberdeenshire-based well integrity software supplier, Epidote Limited, to enable a world-class well diagnosis service.

Hanjin Shipping, Hyundai Merchant Merger Talks in Air

 A report in WSJ says that Hanjin Shipping Co has applied for a creditor-led debt restructuring to avoid bankruptcy, reviving talk of a possible merger with rival Hyundai Merchant Marine Co.

Safe Harbor Marinas Adds Four Calif. Marinas

Safe Harbor Marinas has acquired four California coastal marinas located between San Diego and the San Francisco Bay as part of the company’s ongoing effort to grow its inland and coastal portfolio.

Aramco Mulls Indian Refinery Investments

Saudi Aramco is considering proposals to buy stakes in Indian oil refining and petrochemical projects, India's Oil minister Dharmendra Pradhan said on Monday, as

Less than 5 pct of Aramco to be Sold

Saudi Arabia plans to sell less than 5 percent of its state oil giant Saudi Aramco via an initial public offering (IPO), Deputy Crown Prince Mohammed bin Salman

Statoil Buys Half Arkona Offshore Wind Farm Stakes

Statoil today enters the German offshore wind market, through a 50% acquisition of the Arkona offshore wind farm. Statoil and E.ON also announced the final investment

Faulkner Joins Braemar SA as Manager

Braemar (incorporating The Salvage Association) has appointed David Faulkner as ‘Manager, Ports and Harbours (Middle East)’. David is a Master Mariner and pilot

AET Buys All of Paramount Tankers

AET will purchase the remaining 50% of Paramount Tankers that it currently jointly own (under a 50/50 joint venture agreement) with Golden Energy Tanker Holdings.

Scandlines’ Ferry leaves FAYARD Shipyard

The new Scandlines ferry for the route Rostock-Gedser left the Danish shipyard FAYARD on Wednesday 20 April 2016. The vessel will be named M/V Berlin on Tuesday 3 May 2016.

MAN Diesel Ship Engine Production Steady

Mitsui Engineering and Shipbuilding co., Ltd. (MES; President: Takao Tanaka) achieved production volume of 181 MAN B&W low-speed diesel engines manufactured at

AET Buys Paramount Tankers

 American Eagle Tankers (AET), a subsidiary of Malaysian shipping line MISC Bhd, said that it will acquire all the remaining shares of Paramount Tankers, making the latter its wholly owned subsidiary.

HCI Capital Acquires Ernst Russ GmbH

 HCI Capital AG acquires the long-established Hamburg shipping company Ernst Russ GmbH & Co. KG. The HCI Group, which early in 2016 already the majority of the shares of König & Cie.

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