Companies and Market

TMA is primarily involved in the operation of various general cargo terminals. It also offers warehousing, shipping, logistics and project cargo services at three sites in Amsterdam, Netherlands, and one in Antwerp, Belgium. Additionally, the company provides a range of activities at Hutchison Ports Amsterdam, previously known as Amsterdam Container ...

The arrangement will see the construction of a 174,000m³ carrier ship featuring XDF propulsion and also includes an option for a second vessel. The deal forms part of TMS Cardiff Gas’ X Carrier Series of orders, which aims to expand the company’s total fleet of managed vessels to ten units. ...

The solution combines MHI-MME’s waste heat recovery and energy-saving power generation system (WHRS) with Wärtsilä’s operational control technology for shaft generator systems in order to offer more energy-efficient ship navigation and better Energy Efficiency Design Index (EEDI) for marine vessels. A Wärtsilä power take-off / take-in (PTO / PTI) shaft ...

Set to be launched by early next month, the two companies will be named Mitsubishi Shipbuilding and Mitsubishi Heavy Industries Marine Structure. The formation of the new companies will be carried out in accordance with the reorganisation of MHI’s shipbuilding business. Once formed, Mitsubishi Shipbuilding will deal with the construction ...

Initially agreed last December last year, the transaction included regulatory approval process in 23 jurisdictions. The process concluded with the receipt of approval of the acquisition by the Korea Fair Trade Commission. Through the transaction, the two companies aim to achieve operational synergies of around $350m-$400m a year from 2019. ...

French container shipping company CMA CGM has confirmed its intention to acquire Singapore-based global container shipping firm Neptune Orient Lines (NOL) in an all-cash voluntary conditional general offer for all outstanding shares. CMA CGM has priced each NOL share at S$1.30 in cash which represents a 49% premium to NOL’s ...

The Austria-based Palfinger Group is planning to complete a 100% acquisition of Herkules Harding Holding, including its subsidiary, Harding Group, a supplier of lifesaving equipment and lifecycle services for maritime installations and ships. The signing of the acquisition will take place in the coming weeks, subject to the outcome of ...

Germany-based Caterpillar Marine’s Cat Asset Intelligence software has been selected by Crowley Maritime to be installed into one if its vessels. Crowley’s tugboat, Guide will be installed with Caterpillar Marine’s custom vessel monitoring and diagnostics solution, which will perform 24/7 monitoring of its main engines, generators, thrusters, and key systems. ...