German Dry Docks Group has approached the lenders of troubled Bharati Defence and Infrastructure (formerly Bharti Shipyard) for a possible acquisition, pegging its enterprise value at around $370 million. Bharati has...
China Merchants Port to buy 90 percent of Brazilian port operator for $924 million
China Merchants Port Holdings Co Ltd (0144.HK) said on Monday it would buy 90 percent of Brazilian port facilities operator TCP Participações S.A. for HK$7.23 billion ($924 million), as it aims to expand into Latin...
Hyundai Merchant Marine says in talks with BlackRock about potential investment
South Korean shipper Hyundai Merchant Marine Co Ltd (HMM) is in talks with BlackRock Inc about a potential investment but details have yet to be discussed, a HMM spokesman said on Monday. BlackRock is in talks with HMM...
Seaways plans IPO in 2018, as promoters buy out IDFC PE stake
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...
