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Mergers & Acquistions News

 

Maritime Legal Firms Announce Merger

Jul 11, 2014

Houston- and New Orleans-based law firm Bland & Partners P.L.L.C. announced that Crain Wilson, P.L.L.C.’s Houston office merged with its firm as of July 1, 2014.The merger results in growth for the firm, including the addition of six attorneys and four legal support staff…

North P&I, Sunderland Merge to Form North Group

Mar 03, 2014

North of England P&I Association (North) and Sunderland Marine Mutual Insurance Company Limited (SMMI) merged to form the North Group on Friday 28 February 2014 following approval by the Bank of England’s Prudential Regulatory Authority and other U…

North P&I and Sunderland Marine to Merge

Jan 29, 2014

The members of North of England P&I Association (North) and Sunderland Marine Mutual Insurance Company Limited (SMMI) have voted in favor of the clubs' recent proposals to merge. A target date of February 21, 2014 has been set for the merger…

P&I Clubs Mull Merger

Aug 13, 2013

The North of England P&I Association Limited (North) and Sunderland Marine Mutual Insurance (SMMI) Company Limited are discussing a possible merger. The decision by the boards and senior management teams of the two north-east England based mutuals follows a strategic alliance…

Jotron Group Merges All Norwegian Operations

Apr 23, 2012

The Jotron Group today announces that it will merge their Norwegian companies; Jotron AS, Jotron Phontech AS and Jotron SatCom AS. The name of the new company will be Jotron AS. Kongsberg Maritime has, as previously announced by the 2 companies in March 2012…

Statoil Makes Tender Offer for Brigham Exploration

Oct 28, 2011

Statoil ASA and Brigham Exploration Company (NASDAQ: BEXP) announced that an entity controlled by Statoil, Fargo Acquisition Inc., has commenced the previously-announced tender offer for all of the outstanding shares of common stock, par value $0…

Crude Carriers: Approval of Merger with CPP

Sep 20, 2011

Crude Carriers Corp. (NYSE: CRU) announced that, at a special meeting of Crude shareholders held today in Piraeus, Greece, its shareholders have approved the proposal to adopt the merger agreement dated May 5, 2011 providing for theacquisition of Crude by Capital Product Partners L…

DryShips Acquires OceanFreight Inc.

Aug 25, 2011

DryShips Inc. (NASDAQ: DRYS) and OceanFreight Inc. (NASDAQ: OCNF) announced that DryShips has acquired 3,000,856 shares of OceanFreight Inc. The shares were acquired from entities controlled by Mr. Anthony Kandylidis, the CEO of OceanFreight…

OceanFreight Inc. Reports 2Q Results

Aug 24, 2011

OceanFreight Inc. (NASDAQ: OCNF) announced for the three-month period ended June 30, 2011 the company reported a Net Loss of $1 million or $0.16 basic and diluted loss per share. Included in these results is a loss of $2.0 million associated with the sale of M/T Olinda…

Crude Carriers Corp. Reports 2Q Resultes

Aug 05, 2011

Crude Carriers Corp. (NYSE: CRU), today reported its financial results for the second quarter of 2011. The Company reported a net loss for the quarter of $7.5 million or $0.48 per share, which compares with a $0.37 net income per share from the second quarter of 2010…

DryShips to Acquire OceanFreight

Jul 26, 2011

DryShips Inc. and OceanFreight Inc. have entered into a definitive agreement. The former will acquire the outstanding shares of the latter for consideration per share of $19.85, consisting of $11.25 in cash and 0.52326 of a share of common stock of Ocean Rig UDW Inc…

International Marine Transport and MOL Agree on Merger

Mar 31, 2011

ROTTERDAM, 31 March 2011 – Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) today announced that two of its group companies—International Marine Transport Co., Ltd. and MOL Tankship Management Ltd. – have agreed to merge effective April 1…

Merger Complete: MAN Diesel & Turbo SE

Mar 29, 2010

The merger announced between MAN Diesel SE and MAN Turbo AG to form MAN Diesel & Turbo SE, based in Augsburg, is now complete, the corresponding entry having been made in the register of companies. The process of amalgamating the two former…

Smit, Boskalis Merger Protocol

Jan 26, 2010

Royal Boskalis Westminster N.V. (Boskalis) and Smit Internationale N.V. (Smit) announced that they have signed a merger protocol for a full merger of the two companies. The transaction will be effectuated through an all cash public offer of $84…

FMC, Petrobras $80M Subsea Service Contract

Jan 23, 2010

FMC Technologies, Inc. (NYSE: FTI) announced that it has signed a subsea service contract with Petrobras (NYSE:PBR) (NYSE:PBRA) . The agreement is effective through 2012 and is expected to result in an additional $80m in revenue to FMC Technologies…

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