Seaways Shipping and Logistics Ltd on Thursday said the promoters of the company had bought out the entire stake of 24% that IDFC Private Equity (IDFC PE) held in the company, even as the shipping company plans to go...
Allcargo Logistics looking for acquisitions in technology & contract logistics space
Allcargo LogisticsBSE -1.74 % is looking for acquisitions in the technology and contract logistics space, seeking to grow its business in India where opportunities will likely grow at a faster clip under GST. “We have...
Mercator in talks for acquisition of Dredging Corporation of India
Mercator Ltd (earlier known as Mercator Lines Ltd), which operates shipping, dredging, coal and oil and gas businesses, has shown preliminary interest in acquiring state-owned Dredging Corp. of India (DCIL), two people...
Insolvency: NCLT reserves order against ABG Shipyard filed by ICICI bank
The Ahmedabad bench of National Company Law Tribunal (NCLT) on Thursday reserved its order on insolvency proceedings initiated by lender ICICI Bank against ABG Shipyard Ltd. Amidst an insolvency petition filed by...
Adani Ports in fray to pick up stake in Dredging Corp
Adani Ports and Special Economic Zone (APSEZ), largest in this sector among private players, would reportedly enter the fray for acquiring the government stake in Dredging Corporation of India (DCI), a mini-ratna public...
China’s COSCO Shipping offers $6.3 billion for Orient Overseas Ltd
China’s COSCO Shipping Holdings Co Ltd said on Sunday it offered to buy smaller competitor Orient Overseas International Ltd (OOIL) for HK$49.23 billion ($6.30 billion). COSCO Shipping is acting in coordination...
Shipping ministry opposes stake sale in SCI, Kamarajar Port
The shipping ministry has strongly opposed strategic sale in Shipping Corporation of India (SCI) and some ports under its watch, joining a number of other ministries that are not keen on selling state-run enterprises...
NITI Aayog proposes 26% strategic sale in Shipping Corporation of India
NITI Aayog has proposed strategic sale of about 26 per cent stake in Shipping Corporation of IndiaBSE 9.89 %, which could fetch about Rs 960 crore to the exchequer. According to sources, the core group of secretaries on...
China’s COSCO Shipping buys $228 million stake in Spain’s Noatum Port
COSCO Shipping Holdings Co Ltd (1919.HK) (601919.SS) said it would buy a 51 percent stake in a Spanish container terminal operator for 203.49 million euros ($227.81 million), extending its ports and terminals business...
Panamax acquisition to increase ESL’s fleet strength to 14 vessels
Having acquired a Panamax vessel of 74,005 deadweight tonnage (DWT), Essar Shipping Limited (ESL) has taken its total fleet size to fourteen. Essar Shipping’s fleet now includes very large crude carriers (VLCCs)...
Apollo Logisolutions inks pact with PIL arm Singamas for cold chain logistics
Apollo LogiSolutions (ALS) and Singamas, a subsidiary of Singapore-headquartered Pacific International Lines (PIL) have signed a Memorandum of Understanding to jointly pursue cold chain logistics in India through a...
Krishnapatnam Port promoters seek to buy out 3i Group’s stake
Promoters of Krishnapatnam Port Co. Ltd (KPCL)have approached potential investors to raise up to Rs1,500 crore in structured debt to buy out the stake held by private equity fund 3i Group Plc, two people aware of the...
