Chinese shipbuilder Yangzijiang Shipbuilding has diversified into terminal ownership after it acquired a 55% equity interest in Odfjell Terminals (Jiangyin) Company for approximately $46.23m.
China’s heavy equipment manufacturer, Nantong Rainbow Heavy Machineries, is acquiring German firm Koch Solutions and the two companies have signed the strategic agreement.
Nasdaq-listed Euroseas has signed an agreement to purchase four secondhand vessels and refinanced two vessels to free up cash.
Hyundai Heavy Industries (HHI) signed a definitive agreement last Friday to acquire Daewoo Shipbuilding & Marine Engineering (DSME), supported by DSME’s main creditor Korea Development Bank (KDB).
Japan’s Mitsui OSK Lines (MOL) announced that MOL Chemical Tankers has acquired a 20% stake in Rotterdam-headquartered chemical logistics firm Den Hartogh Holding from Den Hartogh Beheer.
South Korea’s Hyundai Heavy Industries (HHI) has expressed interest to buy its smaller rival Daewoo Shipbuilding & Marine Engineering (DSME), the local media has reported.