Zeaborn GmbH & Co. KG has entered an agreement with Erck Rickmers to acquire all shares in E.R. Schiffahrt GmbH & Cie. KG and Harper Petersen & Co. (GmbH & Cie. KG) from Erck Rickmers.
Harper Petersen is a provider of ship brokerage services for the maritime industry, while E.R. Schiffahrt primarily offers ship management services for liner and bulk shipping firms.
All the companies involved in the deal are based in Germany.
The transaction is expected to allow Zeaborn to expand its operations.
Kirby has agreed to buy Higman Marine and its associated companies for a consideration of $419m.
Higman is headquartered in Texas, US, and currently operates 159 inland tank barges with a total capacity of 4.8 million barrels, as well as 75 inland towboats.
The company transports petrochemicals, refined petroleum products, crude oil, natural gas condensate and black oil for large midstream and integrated oil companies.
The transaction will enable Kirby to improve its fleet and customer service. It is scheduled for completion in first quarter of 2018.
China Merchants Port Holdings Company (CMPort) has signed an agreement with China Merchants Union (CMU) and its subsidiary Gold Newcastle Property to acquire 50% stake in the Port of Newcastle in Australia.
The transaction is estimated to be valued at A$607.5m ($478m), including shareholder loans of A$162.5m ($128m).
TIF Investment Trust is expected to hold the remaining 50% stake in the port upon completion of the deal.
The transaction will enable CMPort to generate positive returns and develop its ‘Port-Park-City’ (PPC) model.
Port of Newcastle comprises four port zones and handles coal exports to Japan, South Korea and Taiwan.
Fincantieri, via its subsidiary Fincantieri Europe, has entered an agreement with the French Government to buy 50% share capital in STX France for €59.7m ($73m).
The deal follows a share purchase agreement that was previously made between the French State and STX Europe with regard to the STX France ownership.
It also supports an earlier agreement signed between the French and Italian governments regarding the shareholding structure of STX France, which was unveiled in September 2017.
Fincantieri and the French State will own 50% and 34.34% of the total shares in STX France upon completion of the deal.
France-based military company Naval Group will hold 10% stake in STX France under the arrangement.
The deal will enable Fincantieri to develop future associations in both the cruise and naval industries.