Norwegian subsea operator DOF Subsea has announced it has now fully acquired the Canadian Subsea Shipping Company (CSS) after purchasing the remaining 55% stake.

DOF Subsea is an offshore and subsea services provider, while CSS is a ship-building company.

Israel-based companies Samy Katsav, Sko-Car and Gold Bond Group have announced plans to jointly acquire a 19% stake in Israel Shipyards from Clal Industries for a sum of ILS138m ($37.79m). 

"Israel-based companies Samy Katsav, Sko-Car and Gold Bond Group have announced plans to jointly acquire a 19% stake in Israel Shipyards."

Gold Bond specialises in storage, transport and cargo handling services, while Clal Industries is engaged in investment holding. Israel Shipyards is a provider and operator of shipbuilding and repair facilities.

The transaction will see Gold Bond acquire an additional 4.5% stake in the target company for ILS34.5m ($9.44m) on top its current 20% share.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Ship Technology Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Ship Technology Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now