Tag: M&A

INTTRA: from e-commerce platform to cloud-based supply chain network

INTTRA

INTTRA, the world’s leading shipping trade platform, is being acquired by E2open, cloud-based supply chain solutions provider, INTTRA announced yesterday. The combination of the two is expected to create an integrated global supply chain and logistics operating network with access to worldwide ocean container capacity and information. INTTRA was founded back in 2001 as a […]

APM Terminals sells Izmir terminal, but confirms its commitment to Turkey

APM Terminals Izmir

APM Terminals (APMT) announced the decision to divest their container terminal in Izmir, Turkey. The terminal will be sold to APMT’s current partner, the State Oil Company of the Azerbaijan Republic (SOCAR), a wholly state-owned national oil and gas company headquartered in Baku, Azerbaijan. The sale is subject to regulatory approvals and is expected to […]

DP World becomes a shipowner

DP World buys Unifeeder

DP World yesterday announced the acquisition of 100% of the Unifeeder Group for EUR 660 mln from Nordic Capital Fund VIII and certain minority shareholders. Based in Aarhus (Denmark), Unifeeder is the largest European container feeder operator with an extensive shortsea network connecting approximately 100 ports. The deal is subject to regulatory approvals and expected […]

Consolidation in container shipping continues

Containerships

The French shipping Group CMA CGM has announced this week that it is acquiring Containerships, the Finnish company specializing in the Intra-European container shipping. According to the agreement signed on 20 June 2018 by CMA CGM and Container Finance Ltd Oy, the current owner of Containerships, the entire shipping, harbour and terminal holdings of Container […]

COSCO offers to give Long Beach Container Terminal to a US operator, aims to close the OOCL takeover in June

Cosco

Cosco Shipping has suggested a solution to the US officials with regards to the Long Beach Container Terminal in order to get their permission for the OOCL acquisition, The Wall Street Journal informs. In July 2017, the Chinese state-run Group offered to buy Hong Kong’s Orient Overseas International Ltd (OOIL), the parent company of OOCL […]

Gulftainer to develop a US East Coast port

port of wilmington

The State of Delaware, USA, has reached a preliminary agreement with the Gulftainer Group to lease the Port of Wilmington, construct a new container terminal on the Delaware River and significantly expand jobs at the Port over the next decade, Governor John Carney and Secretary of State Jeffrey Bullock announced yesterday. The Port of Wilmington is […]

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