Dry cargo vessel owner Navios Maritime Partners has concluded the takeover of tanker owner Navios Maritime Acquisition after receiving confirmation…
12 Oct 2021
Golden Ocean signs shipbuilding agreement for four Kamsarmax vessels
Norway-based dry bulk shipping firm Golden Ocean Group Limited (GOGL) has signed an agreement for the construction of four 85,000dwt ECO-type Kamsarmax ships. In addition, the company will dispose of…
05 Oct 2021
Stonepeak signs agreement to acquire Teekay LNG Partners for $6.2bn
New York-based investment firm Stonepeak has signed an agreement to acquire Teekay’s liquefied natural gas (LNG) shipping unit, Teekay LNG Partners, for $6.2bn. Under the merger deal, Stonepeak-managed investment vehicles…
30 Sep 2021
CPP Investments assumes sole ownership of Ports America
Canada Pension Plan (CPP) Investments has signed a definitive agreement to take over North America's largest marine terminal operator, Ports America. Through the purchase of interest from funds handled by…
29 Sep 2021
Hapag-Lloyd to purchase stake in JadeWeserPort Wilhelmshaven terminal
German container line Hapag-Lloyd has announced plans to invest in the German port of JadeWeserPort Wilhelmshaven. It will purchase a 30% interest in Container Terminal Wilhelmshaven (CTW) as well as…
29 Sep 2021
Maersk to offload container manufacturing business for $987.3m
Danish container shipping firm AP Moller-Maersk has agreed to divest its reefer manufacturing business, Maersk Container Industry (MCI), to China International Marine Containers (CIMC). The deal, which awaits regulatory approvals,…
27 Sep 2021
Samskip expands Baltic operations with Sea Connect acquisition
Dutch transport group Samskip has taken over Lithuanian shortsea specialist Sea Connect in order to expand its Baltic presence. The Lithuanian shipping firm, which will now be known as Samskip…
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