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...
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...
