Search results for: acquisition

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A list of search results

  • 13 January 2016
    Business & Finance

    COSCO Shipyard Engineering Service (Dalian), a subsidiary of COSCO Shipyard Group, has entered into a deal to acquire the entire registered capital of COSCO (Xiamen) Shipyard. Pursuant to agreement, CSES will acquire a 51% interest in COSCO Xiamen from CSG and the remaining 49% interest from Xiamen Ocean Shipping, a subsidiary of China Ocean Shipping (Group). […]

  • 21 April 2016
    Business & Finance

    Owner and operator of tanker vessels Navios Maritime Acquisition Corporation has entered into charter deals for three of its product tankers at 14% higher average charter rates. The company’s Nave Equator, an MR2 product tanker, has been chartered to an undisclosed party for 18 months at USD 17,000 per day. The 2009-built ship is expected to generate USD […]

  • 22 October 2019
    Business & Finance

    With sale-and-leaseback, commercial bank debt and cash, the company extended debt maturities through 2027.

  • 21 October 2019
    Business & Finance

    The company would use the funds for general corporate purposes.

  • 6 December 2007

    Energy Infrastructure Acquisition Corp. today announced that it has entered into a definitive agreement pursuant to which it has agreed to purchase, through a newly-formed, wholly-owned subsidiary, Energy Infrastructure Merger Corporation, a Marshall Islands corporation, nine very large crude carriers (VLCCs) from Vanship Holdings Limited, a Liberian corporation.

  • 19 August 2016
    Business & Finance

    Owner and operator of tanker vessels Navios Maritime Acquisition Corporation has reported its net income for the second quarter of 2016 at USD 12.2 million, representing a drop of USD 14.2 million compared to USD 26.4 million seen in the same quarter in 2015. The company said that the drop was mainly attributed to a decrease of USD 15.2 […]

  • 11 February 2016
    Business & Finance

    As 2015 was a strong year for the tanker shipping market, the Monaco-based owner and operator of tanker vessels Navios Maritime Acquisition Corporation said that its full year net income skyrocketed to USD 89.7 million from USD 13 million reported in 2014. The fourth quarter of 2015 turned out to be a bit slower than a year before as […]

  • 16 May 2017
    Business & Finance

    NYSE-listed owner and operator of tankers Navios Maritime Acquisition has seen its net income drop by 18 percent to USD 5.6 million in the first quarter of the year from USD 23.7 million reported a year earlier. The lower new income was due to a USD 20.4 million decrease in EBITDA and a USD 0.2 million […]

  • 10 May 2016
    Business & Finance

    NYSE-listed tanker company Navios Maritime Acquisition has seen its outlook changed from stable to negative on the B2 corporate family rating (CFR) reflecting the increased contagion risk facing the company as a result of the challenges that its parent company, Navios Maritime Holdings, is encountering, Moody’s rating agency said. Moody’s has also changed the company’s outlook on B2-PD probability of default […]

  • 3 December 2012
    Business & Finance

      International Shipholding Corporation announced the successful closing of the previously announced acquisition of U.S. United Ocean Services, LLC (“UOS”), a provider of marine transportation services for dry bulk and break-bulk commodities in the United States. The acquisition was completed for a total purchase price of $111 million cash and is expected to be immediately […]

  • 10 October 2007

    The Board of Directors of Swiber Holdings Limited (‘Swiber’, and together with its subsidiaries, the ‘Swiber Group’) wishes to announce that Kreuz Engineering Limited, a wholly-owned subsidiary of Swiber’s wholly-owned subsidiary Kreuz International Pte. Ltd., has on 11 October 2007 entered into separate contracts, with Thaumas Marine Ltd, to construct in four vessels for Kreuz […]

  • 18 September 2006

    Global Oceanic Carriers Limited (AIM:GOC), the AiM-listed Greek-based drybulk shipping company, today announces that it has entered into agreements to add two further vessels to its fleet and is proposing to enter into new ship management agreements for all of its fleet. Full details of the vessels, the terms of the acquisition, the ship management […]

  • 24 July 2020

    Containership owner and operator Seaspan Corporation, a wholly-owned subsidiary of Atlas Corp., revealed it was spending approximately $146 million in cash on the purchase of two 13,000 TEU containerships. As disclosed, the vessel purchase will be financed from additional borrowings as well as cash on hand. Seaspan expects to take delivery of the containerships, built in […]

  • 17 January 2020
    Business & Finance

    Chilean Sociedad Matriz SAAM is to acquire a controlling stake in towage services provider Intertug.

  • 30 April 2020
    Authorities & Government, Business & Finance, Business developments & projects

    A maritime industry consortium and the existing syndicate of banks of shipbuilder Royal IHC, including the three major Dutch banks, have reached a heads of agreement for the acquisition and refinancing of IHC Merwede Holding B.V.

  • 13 May 2019
    Business & Finance

    Navios Acquisition returned to black in the first quarter of 2019 as it continued shedding older tonnage.

  • 2 July 2014
    Business & Finance

    In January this year Euronav NV disclosed the acquisition of fifteen Very Large Crude Carriers (VLCC) from Maersk Tankers Singapore Pte Ltd.  The company has informed the public that 8 of the VLCCs were delivered in the first half of 2014. VLCCs Nautilus and Nucleus, delivered in February, were the first to leave Maersk and join Euronav’s fleet. The […]

  • 4 January 2018
    Business & Finance

     Japanese shipping company NYK Line will be looking into business acquisition opportunities in the year ahead.

  • 6 July 2020
    Business & Finance, Ports & Logistics

    A.P. Moller – Maersk has reached an agreement with Bridgepoint Development Capital to acquire KGH Customs Services (KGH), a Sweden-based specialist in trade and customs management services in Europe. The move is aimed at bolstering Maersk’s capabilities as an integrated container logistics company. Maersk plans to acquire KGH for a consideration of $ 279 million […]

  • 25 February 2020
    Business & Finance

    DP World completes the acquisition of Fraser Surrey Docks.

  • 3 December 2019
    Business & Finance

    Grindrod Shipping is extending a deadline to acquire a 33.25 percent stake in IVS Bulk JV.

  • 18 October 2019
    Business & Finance

    Erma First has acquired a controlling interest in Metis Cyberspace Technology.