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...
Government garners Rs 57,523.32 cr from sell-offs post Dredging Corp stake sale
The government’s FY19 disinvestment proceeds have reached Rs 57,523.32 crore following its decision to sell its entire stake in the Dredging Corporation (DCI) to a consortium of four state-owned ports for Rs 1,050...
South Korea Shipbuilder Daewoo rallies as rival Hyundai eyes stake
South Korea’s Hyundai Heavy Industries Group is interested in buying a stake in cross-town rival Daewoo Shipbuilding & Marine Engineering Co Ltd, a Hyundai official said, sending shares of Daewoo rallying as much as...
DP World signs acquisition agreement for Chile port operator
Major port operator DP World DPW.DI said on Sunday it had agreed to acquire a 71.3 percent stake in Chile’s Puertos y Logistica (Pulogsa) (PUE.SN) from Minera Valparaiso and other shareholders associated with the Matte...
IWAI, Cochin Shipyard tie up for waterways to go green
Keeping pace with global trends, Inland Waterways Authority of India (IWAI) will use methanol as a marine fuel retrofitting its work boats with engines that could run with the green fuel. IWAI has placed orders with the...
JNPT mulls acquisition of 3 ports in Maharashtra; aims at doubling
Country’s largest container port JNPT is mulling to acquire three ports in Maharashtra, as it targets to more than double its profits. The Jawaharlal Nehru Port Trust (JNPT) is also going ahead with its efforts to...
