The country’s largest private shipping firm GE Shipping on Wednesday said its buyback committee has approved closure of Rs 100 crore offer, with the firm utilising almost full size of the issue approved. The...
Belgium’s Antwerp and Zeebrugge ports start talks for possible merger
Europe’s second busiest port Antwerp and nearby Zeebrugge have begun talks on a possible merger after nearly two years of exploratory discussions and a study into how the two could work together more. The two Belgian...
NCLAT gives go ahead to NCLT Mumbai to decide on Adani Ports’ bid for Dighi Port
The National Company Law Appellate Tribunal (NCLAT) on Thursday gave its go ahead to NCLT Mumbai to decide on Adani Ports and SEZ Ltd’s bid for Dighi Port. However, the outcome would be subject to its final order...
Reliance Marine to face insolvency proceedings
The Ahmedabad bench of the National Company Law Tribunal (NCLT) has admitted Reliance Marine and Offshore (RMOL), a subsidiary of the Anil Ambani-controlled Reliance Naval and Engineering, under the insolvency and...
Adani group in talks with Krishnapatnam Port to acquire majority stake
Gautam Adani-led Adani group is in discussions with the promoters of Krishnapatnam Port Company Ltd (KPCL) for acquiring majority stake, a deal if materialises would be about Rs 5,500 crore, sources close to the port...
NCLAT grants three weeks’ time to Dighi Port promoters to settle claims with lenders
The National Company Law Appellate Tribunal (NCLAT) has granted three weeks’ time to the promoters of debt-ridden Dighi Port Ltd to negotiate with the company’s financial creditors to settle their claims. A...
Adani Ports begins buyback of $650 million bonds due next year
Adani Ports and Special Economic Zone Ltd on Tuesday said it has begun a tender offer to buy back bonds worth $650 million due next year. The bond repurchase programme by the Adani group firm will close on 24 July, a...
DP World acquires 76% stake in KRIL
Global port operator DP World Thursday said its joint venture with the National Investment and Infrastructure Fund (NIIF) HIPL has acquired 76 stake in KRIBCHO Infrastructure Ltd (KRIL). Hindustan Infralog Pvt Ltd...
COSCO’s OOIL sells Long Beach terminal to Macquarie for $1.78 billion
Orient Overseas International Ltd (OOIL) said on Tuesday it has agreed to sell its Long Beach container terminal to a subsidiary of Australia’s Macquarie Group for $1.78 billion. The Hong Kong-based shipping line last...
Fincantieri, two others bid in Bulgarian patrol ship tender
Italy’s Fincantieri, German shipyard Luerssen and Bulgaria’s MTG Dolphin have submitted bids in a 984 million levs ($570 million) tender to build two patrol ships for the Bulgarian navy, the defense ministry said on...
Maersk completes oil, gas spin off as drilling unit lists in Copenhagen
A.P. Moller-Maersk spun off its oil and gas drilling unit and listed it separately on the Copenhagen stock exchange on Thursday, where it was traded slightly below the book value it had in Maersk’s own accounts. The...
Adani Logistics to acquire Innovative B2B Logistics Solutions for Rs 331.5 crore
Adani Logistics Limited (ALL) Thursday said it would acquire up to 100 per cent stake in Innovative B2B Logistics Solutions, an entity controlled by private equity firm True North, for Rs 331.5 crore. The transaction...
