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...
Gati in talks with TVS to sell Kintetsu joint venture stake for Rs 2k crore
Logistics company GatiNSE -9.41 % is in the final round of talks with TVS Logistics to sell a controlling stake in its joint venture subsidiary, Gati-Kintetsu Express, for Rs 1,500-2,000 crore, said two people aware of...
Adani, JNPT likely to bid for acquiring bankrupt Dighi Port
Adani Ports, India’s largest private sector port operator, and Jawaharlal Nehru Port Trust (JNPT) in Navi Mumbai are likely to bid for Dighi Port, which was declared bankrupt by the National Company Law Tribunal (NCLT)...
France’s CMA CGM made merger approach to Germany’s Hapag-Lloyd – sources
The world’s no. 3 container shipping line, CMA CGM of France, has made an exploratory approach to German rival Hapag-Lloyd (HLAG.DE) over a possible merger as players in the sector hunt for tie-ups to beat depressed...
Temasek Holdings acquires stake worth Rs 10 billion in Adani Ports, SEZ
Singapore-based investment company Temasek Holdings has acquired stake worth Rs 10 billion in Adani Ports and Special Economic Zone through open market transactions, block deal data available with BSE showed...
Adani Ports Completes Acquisition of Kattupalli Port
Adani Ports and Special Economic Zone Ltd, (APSEZ) Friday announced that it has executed a share purchase agreement with Larsen and ToubroNSE 1.54 % Limited to 97% shares of the Kattupalli Port, Tamil Nadu. Kattupalli...
Govt weighs plan to acquire stressed private port assets
The Union shipping ministry is considering potential acquisitions of stressed private port assets to enhance the country’s port capacity, starting with two ports in Maharashtra. The move, the first such from the...
JSW defers plans to tap PE fund for ports expansion
The Sajjan Jindal-led JSW group has deferred a private equity infusion into its ports arm as the deal to acquire APM Terminals’ stake in the Pipavav Port in Gujarat has been delayed, top officials have said. JSW Ports...
