French shipping giant CMA CGM announced on Wednesday an offer to buy Air Belgium, which would strengthen CMA CGM’s presence in the aviation sector. CMA CGM, which also owns an 8.8% stake in Air France KLM, said it...
Singapore’s PSA weighs selling 20% stake in CK Hutchison’s ports business, sources say
Singapore’s PSA International is exploring the sale of its 20% stake in CK Hutchison’s ports business, two people with knowledge of the matter said, joining the Hong Kong conglomerate in its controversial...
Adani Ports to acquire Australian terminal in $2.4 bn non-cash deal
Adani Ports and SEZ Ltd, India’s biggest private port operator, announced on Thursday a USD 2.4 billion non-cash acquisition of a coal export terminal in Australia from a group company to strengthen its presence...
Govt to sell up to 4.8% stake in Mazagon Dock through OFS
The Union government is proposing to sell up to 4.83% stake defence PSU Mazagon Dock Shipbuilders through an Offer for Sale (OFS). This will be available on the exchanges from April 4-7. Under the sale, the government...
Denmark’s Maersk buys Panama Canal Railway Company
Canadian Pacific Kansas City said on Wednesday it and U.S.-based Lanco Group have sold the Panama Canal Railway Company to a unit of Denmark’s Maersk, one of the world’s largest container shipping groups...
Indian government to sell up to 5% stake in Cochin Shipyard
The Indian government will offload a stake of about 5% in shipbuilder Cochin Shipyard, an exchange filing showed on Tuesday. The floor price for the sale is 1,540 rupees, an 8% discount to the stock’s Tuesday...
KKR to launch sale of Goodpack, valued at around $1.8 billion, sources say
KKR & Co is set to launch the sale of Singapore-based Goodpack in a deal that could value the provider of shipping containers and logistics services at around $1.8 billion, people with knowledge of the matter said...
France’s CMA CGM to acquire Brazil’s top container terminal in $2 bln deal
French shipping giant CMA CGM plans to acquire port terminal operator Santos Brasil in a deal that could reach $2 billion and give it control of South America’s largest container terminal, it said on Monday...
Adani Ports acquires 80% stake in Dubai’s Astro Shipping for $185 million
Adani Ports & Special Economic Zone Ltd (APSEZ) Friday said it has agreed to buy an 80% stake in Dubai-based Astro Shipping Company for $185 million (about ₹1,551 crore) as part of its strategy to expand fleet and...
DOF Group to acquire Maersk Supply Service for $1.11 billion
Norwegian supply shipping company DOF Group has agreed to buy offshore marine service provider Maersk Supply Service (MSS) from Maersk Supply Service Holding (MSSH) for $1.11 billion in a cash and stock deal, it said on...
Nalanda Capital sells 1.4 pc stake in Great Eastern Shipping for Rs 190 crore
Investment firm Nalanda Capital on Monday divested a 1.4 per cent stake in Great Eastern Shipping Co Ltd for Rs 190 crore through an open market transaction. Singapore-based Nalanda Capital through its arm Nalanda India...
Great Eastern Shipping Company expands fleet with acquisition of Jag Priya
Great Eastern Shipping Company took delivery of a 2010 built Medium Range product tanker Jag Priya of about 49,999 dwt. The Company had contracted to buy the vessel in Q4 FY24. Including this vessel, the Company’s...
