Hyundai Glovis fully acquires Eusu Ship Management for $9.7 mn

Hyundai Glovis Co., the logistics unit under South Korean conglomerate Hyundai Motor Group, said that it has...

Wilhelmsen Acquires Drew Marine Technical Solutions

Wilhelmsen has signed an agreement to acquire the technical solutions business from Drew Marine, a leading manufacturer and provider of advanced performance chemicals and technical solutions to the maritime industry.

INTTRA Acquires Avantida: Combination Will Accelerate the Expansion of Digital Technologies in Landside Container Logist

INTTRA, the world’s ocean shipping electronic marketplace, today announced that it has acquired Avantida, the European market leader in empty container management for ocean carriers. Avantida is headquartered in Belgium and currently conducts business in

DryShips Acquires Its First Very Large Gas Carrier With a 5 Year Time Charter Attached to an Oil Major

DryShips Inc., a diversified owner of ocean group cargo vessels, announced that it has acquired one Very Large Gas Carrier (“VLGC”) currently under construction at Hyundai Heavy Industries (“HHI”) for a purchase price of $83.5 million.

China Shipping Terminal Development acquires 20% stake in Busan port container terminal

China Shipping Terminal Development (CSTD) has signed an agreement with CJKEC, the controlling shareholder of KEC ...

Teekay Acquires 12 Suezmax Tankers

Teekay Tankers Ltd. announced it has agreed to acquire a fleet of 12 modern Suezmax tankers currently owned by Principal Maritime Tankers, a portfolio company of funds managed by affiliates of Apollo Global Management, LLC, for an aggregate purchase price

Bohai Leasing acquires 80% stake in Cronos

China’s Bohai Leasing, through its subsidiary Global Sea containers, has acquired an 80% stake in major...