The dust surrounding the failed Euronav mega merger with John Fredriksen’s Frontline shows no sign of settling. In the most recent development, CMB (Compagnie Maritime Belge) yesterday wrote Euronav’s supervisory board requesting
Within days of John Fredriksen’s Frontline plc announcing that it was pulling out of its planned tanker mega merger deal with Euronav, Fredriksen-associated Famatown Finance Ltd filed a notice with the SEC
In a statement released today, Euronav NV (NYSE: EURN & Euronext: EURN) says that, following further detailed consideration with its legal and financial advisors, it is “taking the opportunity to update its
The wedding is off. John Fredriksen controlled tanker giant Frontline plc is no longer to pursue the tanker mega merger with Antwerp-headquartered Euronav NV first announced back in April last year. The
Cranford, N.J., headquartered Weeks Marine Inc. has been acquired by construction and engineering services giant Kiewit Corporation for an undisclosed amount. The acquisition, which closed January 1 includes Weeks Marine subsidiaries Healy
Offshore drilling contractors Seadrill Limited (NYSE & OSE: SDRL) and Aquadrill LLC have entered into a definitive merger agreement that will see Seadrill acquire Aquadrill in an all-stock transaction. On completion of
The proposed merger of Singapore’s Sembcorp Marine and Keppel O&M is being put on a faster track. The original plan, which would have seen the creation of a combined entity, has been
In another move to expand its digital fleet management and optimization capability, Lloyd’s Register (LR) is to acquired OneOcean, a leading supplier of voyage compliance, safety and environmental solutions, from private equity
Alfa Laval has signed an agreement to acquire marine tank cleaning equipment specialist Scanjet. The acquisition will extend Alfa Laval’s broad tanker offering, creating a more comprehensive product portfolio for cargo tanks.
Add Carson, Calif., based Research Tool & Die (RT&D) to the growing list of companies acquired by Arcline Invest Management portfolio company Fairbanks Morse Defense (FMD). “Over the last few years, FMD
