State-owned ONGC on Monday said that it will take a 50 per cent stake each in two joint venture (JV) companies that will own and operate ethane carriers in partnership with Japanese shipping major Mitsui OSK Lines (MOL)...
Adani Ports completes acquisition of Australia’s NQXT in all-share deal
Adani Ports and Special Economic Zone (APSEZ) on Tuesday announced that it has completed an all-share acquisition of Australia’s North Queensland Export Terminal (NQXT). APSEZ has allotted 14,38,20,153 equity shares of...
NCLT approves first stage of Adani Harbour and Adani Ports merger
The Ahmedabad branch of National Company Law Tribunal on Tuesday gave its nod for the first stage approval to the proposed merger of Adani Harbour Services Limited with its parent firm — Adani Ports and Special...
Reliance Industries shares in focus after Rs 45 crore Nauyaan Shipyard buyout
Shares of Reliance Industries Ltd (RIL) are set to be in focus on Monday, after the conglomerate completed a Rs 45.32 crore deal to take full control of Nauyaan Shipyard Pvt Ltd, marking the final leg of a phased...
Cosco seeks at least 20% stake in $23 billion Panama Canal ports deal, FT reports
China’s state-owned shipping giant Cosco aims to secure at least 20%-30% stake in a $23 billion ports deal involving strategic assets in the Panama Canal, as Beijing moves to renegotiate the terms of a sale...
Mazagon Dock marks first foreign acquisition with $53 million Colombo Dockyard deal
In its first-ever international acquisition, Mazagon Dock Shipbuilders announced on Friday that it will acquire a controlling stake in Colombo Dockyard PLC (CDPLC), Sri Lanka’s largest shipbuilding and repair facility...
French shipping giant CMA CGM offers to buy Air Belgium
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...
