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August 10, 2018

Deals and M&As this week: Helm Operations, Arcadia Shipmanagement

Japanese shipping services provider Mitsui OSK Lines (MOL) has signed an agreement with German utility firm Uniper.

Japanese shipping services provider Mitsui OSK Lines (MOL) has signed an agreement with German utility firm Uniper.

The contract was awarded after MOL took delivery of its liquefied natural gas (LNG) carrier, LNG Schneeweisschen.

MOL will carry out several voyages on behalf of Uniper’s fully owned subsidiary Uniper Global Commodities.

LNG Schneeweisschen is jointly owned by MOL and Itochu. It was constructed by Daewoo Shipbuilding and Marine Engineering (DSME) at its Okpo shipyard.

Helm Operations, a subsidiary of ship classification society ClassNK, has reached an agreement with ShipTracks to enhance the location and path data of sea-going vessels.

The automatic identification system (AIS) of ShipTracks will be integrated with Helm CONNECT, under the agreement.

The integration will enable the Helm CONNECT users to gain easy access to the travel path and location of the vessel provided by ShipTracks.

The Helm CONNECT customers are expected to experience the maiden version of the integrated solution in August this year.

“DP World intends to expand its global footprint and strengthen its product offering capability through the acquisition.”

The enterprise asset management (EAM) programme of American Bureau of Shipping (ABS) has been chosen by Arcadia Shipmanagement to enhance the consistency of its 15 tanker vessels.

The programme is intended to assist vessel owners and operators in managing the physical assets in a judicious manner in order to reduce the operational costs, optimise the usage, and increase the operational efficiency.

Arcadia currently operates a fleet of eight Aframax and seven Suezmax tankers.

DP World has agreed to acquire Unifeeder Group, a port-related logistics solutions provider based in Germany, for a sum of €660m ($762.6m).

The transaction is expected to be completed by the end of the year and will be funded from the existing balance sheet resources of DP World.

Unifeeder Group offers multimodal door-to-door solutions to the global container shipping lines.

DP World intends to expand its global footprint and strengthen its product offering capability through the acquisition.

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