Mergers & Acquisitions

Hermes Unit, Canadian Fund to Buy $2.4B Stake in UK Ports Group

  The Canada Pension Plan Investment Board (CPPIB) and Hermes Infrastructure are prepared to buy a 30 percent stake in Associated British Ports for about 1.6 billion pounds ($2.

DryShips to Sell its Suezmax Tanker Fleet

DryShips Inc. (NASDAQ: DRYS), has announced  that it has entered into firm sales agreements with entities controlled by the Company's Chairman and Chief Executive Officer,

Siemens Sticks to Full-Year Profit Forecast

German industrial group Siemens will confirm its full-year forecasts when it reports quarterly results in May, a senior company source said on Tuesday. "Business is running exceptionally stably,

Cargotec Solely owns China Crane

Cargotec and CAG Marine Holding Limited, which is in turn wholly owned by Carlyle Asia Growth Partners IV, L.P. and CAGP IV Coinvestment, L.P., now jointly own

Hamburg Süd Completes CCNI Takeover

Effective 27 March 2015, Hamburg Süd has taken over the container liner activities of Compañía Chilena de Navegación Interoceánica S.A. (CCNI) including the related

MSC Acquires Second Boxship

MSC Oliver was inaugurated at the DSME shipyard in Busan, South Korea, just two months after the delivery of MSC OSCAR. This week, it was the turn of Oscar’s cousin,

SCI takes Delivery of VLCC "Desh Vibhor"

The Shipping Corporation of India Ltd. (SCI) accepted delivery of a Very Large Crude Oil Carrier (VLCC) on 28 March, 2015. The vessel has been named “Desh Vibhor”.

Rolls-Royce Acquires R.O.V Technologies Inc

  Rolls-Royce has today announced the acquisition of R.O.V Technologies, Inc., a US-based business primarily providing nuclear utility operators with remote visual

Eurasia Drilling Extends Schlumberger Sale Deadline

Russia's Eurasia Drilling said on Monday it had agreed to extend a deadline on a proposed deal to sell a stake to international oilfield services firm Schlumberger from March 31 to April 30.

Chevron Sells Caltex Australia Stake

Chevron Corporation’s wholly owned subsidiary Chevron Global Energy Inc. today announced that it has entered into an underwriting agreement for the sale of its

Realignment of JV Interests - Beach Energy

Icon Energy Limited have stated that Chevron Exploration Australia 1 Pty Ltd will not participate in Stage 2 in ATP 855 in Queensland.   The equity interests

Petroperu Still Eyeing Upstream Oil Options

  Peru's state-run energy firm Petroperu said on Friday its decision to cancel plans to take a stake in two oil blocks did not signal the end of ambitions to return to upstream operations.

OMV: No Intention to Sell Stake in Borealis

Austrian energy group OMV does not plan to sell its 36-percent stake in plastics maker Borealis, supervisory board chief Rudolf Kemler said on Friday.   Abu Dhabi's IPIC,

CSIC, CSSC Dismiss Shipbuilder Merger Rumors

China's state-backed shipbuilding giants said they have not received any merger-related information from authorities, after an executive swap between the firms sparked a market rally in their shares.

Chevron Seeks to Exit Caltex Australia

Chevron selling 135 mln shares at 9.7 pct discount to Fri close. U.S. energy firm Chevron is seeking to sell its entire stake in Caltex Australia Ltd for about A$4.

Swire Pacific Offshore Acquires 2 Newbuildings

  Shipowner and operator, Swire Pacific Offshore Operations (Pte) Ltd (SPO) celebrated the naming of two new vessels, Pacific Centurion, an Anchor Handling Tug Supply (AHTS) vessel,

Golden Ocean and Knightsbridge Complete Merger

  The merger between Knightsbridge Shipping Limited and Golden Ocean Group Limited was approved today at special meetings of both companies' shareholders.      The new company,

Australian Reef Pilots Under New Ownership

Australian marine pilotage company Australian Reef Pilots (ARP) has been bought by a consortium of its employees.   ARP, which services shipping through the Great Barrier Reef,

Russia Could Approve Schlumberger Acquisition

Russia's governmental commission on foreign investment has considered Schlumberger's request to buy a 45 percent stake in Eurasia Drilling, and a positive decision is possible,

3Si Group Acquires International Safety Products

Safety and Survival Systems International Ltd (3Si), has announced the acquisition of International Safety Products Ltd (ISP), one of the world’s leading lifejacket

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