Tag: merger

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).

Agricultural exporters in the US urged authorities to impose greater scrutiny on shipping alliances and the behaviour of shipping lines during the pandemic.

The White House applauded improvements in clogged U.S. supply chains, but said more work was needed to ensure fair competition.

Japanese shipbuilder Tsuneishi Shipbuilding will take a 49% stake in a bulk carrier and tanker unit of Mitsui E&S, aiming to better compete against South Korean and Chinese rivals.

The merger between Hyundai Heavy Industries Group and Daewoo Shipbuilding and Marine Engineering will receive regulatory approval upon the receival of assurances that the competition on the market would not be affected.

Pending regulatory approvals, Korea Shipbuilding & Offshore Engineering (KSOE) announced a further deadline extension for the acquisition of Daewoo Shipbuilding & Marine Engineering (DSME).

European shippers and freight forwarders warn the European Commission about the current practices of liner shipper carriers as European supply chains are becoming more distorted.

The Competition and Consumer Commission of Singapore (CCCS) has cleared the proposed merger between Korea Shipbuilding & Marine Engineering Co., Ltd (KSOE) and Daewoo Shipbuilding & Marine Engineering Co., Ltd. (DSME).