Tag: merger

NorthStandard achieved its first objective of completing its formal launch on the P&I industry’s 20 February renewal date, opening for business by announcing the team to lead it into a new era for marine insurance.

Kpler, provider of commodities data, analytics, and market insight, announced today that it has acquired MarineTraffic and FleetMon; two providers of global ship-tracking data and maritime analytics.

OSM Maritime Group and Thome Group have agreed to a merger of the two companies. The combined company will be named OSM Thome.

Euronav filed an application request for urgent interim and conservatory measures in relation to "Frontline’s unilateral action in pursuing the termination of the combination agreement of July 10, 2022."

With the acquisition complete, Evergas will rebrand and operate as a wholly-owned subsidiary of Seapeak.

Mitsubishi Electric Corporation and Mitsubishi Heavy Industries, Ltd. announced  that the two companies have reached a basic agreement to establish a joint venture to integrate their businesses in fields focused on power generator systems.

MSC Mediterranean Shipping Company SA has agreed to acquire 100% of the share capital of Rimorchiatori Mediterranei S.p.A., an international leading towage operator active in Italy, Malta, Singapore, Malaysia, Norway, Greece and Colombia.

Approval is given to merging North and Standard Club after separate member meetings resoundingly back plans to create one of the largest providers of mutual cover in the maritime industries.

Two of the largest names in tanker shipping announced their merger, as Euronav and Frontline signed a term sheet that has been unanimously approved by both boards on a potential stock-for-stock combination between the two companies.

Media reports claim that the European Union will object to the proposed merger of South Korea’s Hyundai Heavy Industries and Daewoo Shipbuilding and Marine Engineering (DSME).