Fredriksen ups stake in Euronav
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
mergers and acquisitions
Euronav unhappy with Frontline’s walk away from combination deal
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
Frontline pulls out of Euronav acquisition
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
Kiewit acquires Weeks Marine
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
Seadrill in $958 million acquisition of Aquadrill
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
Singapore mega merger could be completed by year’s end
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
Lloyd’s Register acquires voyage solutions provider
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
Acquisition adds intelligent tank management to Alfa Laval portfolio
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.
Fairbanks Morse Defense back on the acquisition trail
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
Major P&I merger set to go ahead
Get ready for a new name in P&I: NorthStandard. Two major players in the marine mutual insurance market — North P&I and Standard Club — are to go ahead with the merger