Mergers & Acquistions News


Cosco CSCL Merger Talks Continue

Sep 02, 2015

The closed-door talks on what is believed to be merger discussions between Cosco and China Shipping continue, reports local media. According to JoC, the Chinese executives of the carriers have been tight lipped on the discussions, but it…

Anglo-Eastern and Univan Set Sail Together: Largest Ever Ship Management Merger

Aug 26, 2015

There has been a great deal of merger activity in the shipping industry over the past few years, especially amongst owners, but, Anglo-Eastern Group and Univan Group have reached an agreement, with the culmination of the largest ever merger of independent…

Drewry: Cosco, CSCL Merger to Shake up Container Shipping

Aug 18, 2015

Industry analyst Drewry believes that the proosed merger between Chinese state-owned companies, Cosco and China Shipping Container Lines (CSCL), could cause a domino effect on existing carrier alliances and further carrier mergers in Asia damaging to industry competition…

China's Mega Shipping Merger Moves a Step Closer

Aug 13, 2015

The merger talk between two state-run shipping conglomerates Cosco Group and China Shipping Group is on strong footing on on Beijing’s command. According to sources, the companies would release an outline plan within three months.  Chinese…

Will COSCO-CSCL Marriage Happen Soon?

Aug 10, 2015

The ocean carrier merger - between China’s two state-owned megacarriers, COSCO and CSCL - rumours are back in the news! The beleaguered state behemoths struggling in a protracted industry slump  - China Ocean Shipping Group  (Cosco) and…

$1.7 billion NOL Up for Sale. Will Hapag-Lloyd Buy?

Jul 17, 2015

Singapore Sovereign Wealth Fund Temasek Holdings has put Neptune Orient Lines (NOL) up for sale, says a Wall Street Journal (WSJ) report. The WSJ reported that Temasek was in talks with one buyer in recent months but the two sides could not agree on a price for the loss-making company…

Gener8 Maritime to Go Public

May 25, 2015

Private equity-backed tanker operator Gener8 Maritime filed with the U.S. Securities and Exchange Commission (SEC) to proceed with an initial public offering worth up to $100m. The company was created in February 2015 via the merger of General Maritime and Navig8 Crude…

General Maritime, Navig8 Crude Complete Merger

May 08, 2015

General Maritime Corporation and Navig8 Crude Tankers Inc. complete merger to create large owner of modern eco VLCCsGeneral Maritime Corporation and Navig8 Crude Tankers Inc. have completed a merger to create Gener8 Maritime, Inc., a U.S…

Milaha and UACC Mull Tanker Fleet Merger

Apr 14, 2015

Qatar Navigation (Milaha) is in talks with United Arab Chemical Carriers Ltd. (UACC) in the United Arab Emirates (UAE) regarding a possible combination of their respective product and chemical tanker businesses.   Currently Milaha operates…

Knightsbridge, Golden Ocean Merger Completed

Apr 01, 2015

Knightsbridge Shipping Limited has completed its previously announced merger with Golden Ocean Group Limited.In connection with the closing of the merger, Knightsbridge will change its name to Golden Ocean Group Limited. Trading in the shares…

Keppel Appoints Vestring to its Board

Feb 16, 2015

Keppel Corporation Limited (Keppel) is pleased to announce the appointment of Mr Till Vestring as Independent Director on the Company's Board with effect from 16 February 2015Mr Vestring, 50, is a partner in Bain & Company's (Bain) Southeast Asia office…

Horizon Lines to Settle Merger Litigation

Feb 16, 2015

Horizon Lines, Inc. announced it has reached an agreement in principle providing for the settlement and dismissal, with prejudice, of the consolidated putative class action complaint pending in the Delaware Court of Chancery in connection with Horizon's proposed merger with Matson Navigation…

Knightsbridge and Golden Ocean to Merge

Oct 08, 2014

Knightsbridge Shipping Limited and Golden Ocean Group Limited have today entered into an agreement and plan of merger pursuant to which the two companies have agreed to merge, with Knightsbridge as the surviving legal entity. The Combined…

MOL Merges Group Companies; Upgrades Bridge Simulator

Oct 01, 2014

MOL adds DPS and enhances safe operation by integrating expertise through mergerMitsui O.S.K. Lines, Ltd. (MOL) announced the merger of MOL Marine Consulting, Ltd. (MOLMC) and MOL Cable Ship Ltd. effective October 1, 2014. The new company…

Hapag-Lloyd, CSAV Merger Wins Conditional EU Approval

Sep 11, 2014

Hapag-Lloyd and Compania SudAmericana de Vapores (CSAV) secured conditional European Union approval on Thursday for their tie-up to create the world's fourth-largest container shipping company.The merger is important for the shipping industry…

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