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Mergers & Acquisitions

C&J Energy, Keane Merge in $1.8bln Deal

Oilfield services firms C&J Energy Services and Keane Group, said  that they will merge in an all-stock deal valued at about $1.8 billion.C&J Energy, which offers a suite of oil and gas production services, and Keane, which specializes in well completions would combine in what the companies described as a merger of equals.

Petrobras Sells TAG, Gets $8.7 bln

Image: Petrobras

Brazilian state-run oil firm Petroleo Brasileiro SA (Petrobras) has concluded the sale of gas pipeline system Transportadora Associada de Gás S.A. (TAG) to a group led by France'sEngie SA and Canada'sCaisse De Depot Et Placement Du Quebec (CDPQ).According to a stock exchange annoucement, Petrobras received a total of 33.

SPII Holdings Bids for DryShips

File Photo: DryShips

Greece-based dry bulk shipping company DryShips Inc said announced it has received a non-binding offer letter from SPII Holdings, which proposes a transaction pursuant to which the Company would be merged into a subsidiary of SPII Holdings.SPII Holdings is controlled by DryShips' Chairman and Chief Executive Officer, George Economou.

DryShips Acquires 100% of Heidmar

Pic: Heidmar Inc.

DryShips, the Nasdaq-listed company controlled by Greek shipowner George Economou, has completed the acquisition of 100% of the issued and outstanding shares of Heidmar, a global tanker pool operator.The diversified owner and operator of ocean going cargo vessels said in a press release that prior to the transaction,

Arcosa Marine Acquires Wintech

Logo: Arcosa Marine

Arcosa Marine, a wholly-owned subsidiary of Arcosa, Inc., has announced the acquisition of the assets of Wintech International, LLC, a leading provider of winches to the marine, rail, and industrial markets. The acquisition expands Arcosa Marine’s product offerings to complement Arcosa Marine’s

Wilhelmsen Acquires 50% of NorSea Wind

Image: Norsea Wind AS.

Norway-based global maritime industry group Wilhelmsen Ship Management (WSM) has announced the acquisition of a 50% stake of NorSea Wind and it’s subsidiaries to expand its offerings in the the renewable wind energy market.NorSea Wind, founded in 2016 as a subsidiary of  Norsea Group, provides

Total Takes Over Toshiba's U.S. LNG Biz

Image:  Toshiba

French energy giant Total takes over the liquefied natural gas business of Japanese outfit Toshiba's Freeport LNG train tolling agreement and gains $800 million.The French oil and gas company will is paying $15 million for the shares in the Texan assets, the firms said. Toshiba will also pay Total

F2I Buys Porto di Carrara

Image: Porto di Carrara

Italian infrastructure investment fund F2i announced its entry into the ports sector with the acquisition of the Porto di Carrara Spa (PDC Spa) Group, which owns port terminals at Carrara, Marghera and Chioggia.The Group, which each year handles around 5 million tons of solid bulk cargoes, is one of

VIKING, Norsafe Under Same Flag at Nor-Shipping

Photo courtesy of VIKING

Following last year’s acquisition of Norwegian lifeboat builder Norsafe by VIKING Life-Saving Equipment, the two companies are joining forces at Nor-Shipping to showcase their complete safety solution.For decades, the name “Norsafe” has been synonymous with high-quality, innovative lifeboat design and craftsmanship.

Shareholders OK HHI Split-up Plan

Pic: Hyundai Heavy Industries

Shareholders of Hyundai Heavy Industries (HHI) have approved the South Korean shipbuilder's split-up plan amid fierce opposition from its labor union.According to local media reports, Hyundai Heavy Industries, , South Korea's largest shipbuilder, is now divided into mid-holding companies and subsidiaries engaged in shipbuilding,

Kirby’s Secret Sauce

Image Credit: Kirby Corporation

Another year; another major fleet takeover by Kirby Corporation. But the leader of the inland tank-barge sector is not growing for growth’s sake: a deeper look at the numbers shows a disciplined strategy at work.“Kirby is definitely the big gorilla in the inland barge market,” affirmed Jefferies analyst Randy Giveans.

GPH Set to Acquire Tunisian Port Terminal

Pic: Global Ports Holding

Cruise port operator Global Ports Holding (GPH) said it made a successful bid to acquire Goulette Shipping Cruise through a joint venture with cruise line MSC Cruises SA.Goulette Shipping Cruise operates the cruise terminal in La Goulette, Tunisia.The concession to operate the cruise port was awarded

Microsoft, Eneco Sign Energy Pact

 Pic: Eneco

Microsoft will purchase 90 MW from the massive 731.5 MW offshore wind project, Borssele III/IV, from Dutch sustainable energy company and wind farm developer Eneco.Eneco will provide Microsoft’s datacenters with green power for 15 years starting in 2022, said a press release from the technology giant.

PSA, PFR, IFM Jointly Acquire DCT GDAŃSK

Image: DCT Gdansk

PSA International Ptd Ltd (PSA), the Polish Development Fund (PFR) and the IFM Global Infrastructure Fund (GIF) managed by IFM Investors have completed the transaction to jointly acquire DCT Gdańsk, the largest container terminal in Poland.DCT Gdańsk is one of the fastest growing container ports in

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