CPLP to Spin Off Its Crude and Product Tanker Business and Merge It with DSS Holdings L.P.’s Business and Operations

CPLP to Spin Off Its Crude and Product Tanker Business and Merge It with DSS Holdings L.P.’s Business and Operations

$1.65 Billion Transaction Involving 68 Tankers Is Expected to Create the Third Largest Publicly Traded MR and Product Fleet in the World, and One of the World’s Largest Public Mixed Product and Crude Fleet …
Nov 28, 2018 /  Curious
Global Ship Lease Announces Strategic Combination with Poseidon Containers

Global Ship Lease Announces Strategic Combination with Poseidon Containers

Increases GSL’s asset base to over $1.2 billion on a charter-adjusted basis, brings latest generation new-design high reefer eco-wide beam vessels into the fleet and reduces average fleet age by three …
Oct 30, 2018 /  Curious
Navios Maritime Acquisition Corporation And Navios Maritime Midstream Partners L.P. Announce Definitive Merger Agreement

Navios Maritime Acquisition Corporation And Navios Maritime Midstream Partners L.P. Announce Definitive Merger Agreement

Navios Maritime Acquisition Corporation Announces Board Approval of a 1:15 Reverse Stock Split Navios Maritime Acquisition Corporation (Navios Acquisition) (NYSE:NNA) and Navios Maritime Midstream Partners L.P. (Navios …
Oct 8, 2018 /  Curious
Asia Maritime Pacific (AMP)  joins forces with Fenwick Shipping Services

Asia Maritime Pacific (AMP)  joins forces with Fenwick Shipping Services

Asia Maritime Pacific and Fenwick Shipping Services announced that the two companies have merged their operations. Asia Maritime Pacific is an international Handysize and mini-bulker owner and operator, …
Oct 5, 2018 /  Curious
ZEABORN Ship Management consolidates the activities of E.R. Schiffahrt and Rickmers Shipmanagement

ZEABORN Ship Management consolidates the activities of E.R. Schiffahrt and Rickmers Shipmanagement

The Bremen-based ZEABORN Group is combining its ship management activities under the new brand ZEABORN Ship Management GmbH & Cie. KG (ZEABORN Ship Management). The company is based in Hamburg and is bringing …
Aug 13, 2018 /  Vessels
GulfMark Offshore Confirms Receipt of Non-Binding Unsolicited Proposal from Harvey Gulf

GulfMark Offshore Confirms Receipt of Non-Binding Unsolicited Proposal from Harvey Gulf

GulfMark Offshore, Inc. (GulfMark) (NYSE:GLF) yesterday confirmed that it has received a non-binding, unsolicited proposal from HGIM Corp. (Harvey Gulf) to combine the companies through a merger in which GulfMark would …
Aug 7, 2018 /  Finance
Euronav completes merger with Gener8 Maritime

Euronav completes merger with Gener8 Maritime

Euronav NV (NYSE: EURN & Euronext: EURN) (Euronav) announces that it has successfully concluded the merger with Gener8 Maritime. The 60.9 million new shares issued to Gener8 shareholders as consideration for the …
Jun 13, 2018 /  Vessels
Port of Oakland ready for Japan’s merged shipping lines to call

Port of Oakland ready for Japan’s merged shipping lines to call

Port of Oakland officials said today they expect little difficulty when Japan’s newly merged shipping line arrives next month.  The Port predicted normal operations as container carriers MOL, NYK and K Line …
Mar 28, 2018 /  Curious
Bibby Offshore/Rever Merger Creates Significant Value and Flexibility for Clients

Bibby Offshore/Rever Merger Creates Significant Value and Flexibility for Clients

Fara Holdco Limited (“Fara”), owners of the Bibby Offshore group of companies (Bibby), Friday announced a merger with Rever Offshore AS (Rever).  Rever’s subsidiaries include CECON Contracting AS …
Mar 19, 2018 /  Vessels
iContainers: Shipping Carriers’ M&A activities in 2018 to wane

iContainers: Shipping Carriers’ M&A activities in 2018 to wane

Online freight forwarder iContainers says that mergers and acquisitions activities for shipping carriers are likely to slow down in 2018. Instead, this is likely to pivot to freight forwarders, where the industry can …
Feb 26, 2018 /  Curious