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Nippon Yusen Kabushiki Kaisha (NYK) Line has agreed to take full control of its joint company Mitsubishi Ore Transport (MOT). The company will purchase all MOT shares from its partners Mitsubishi Corp, Tokio Marine & Nichido Fire Insurance, and Mitsubishi Heavy Industries.

This deal will enable NYK, which currently has a 40.28% interest in the company, to make MOT a wholly-owned subsidiary. MOT is a vessel management and shipowning business with 17 ships, which include bulkers, car and truck carriers, and wood-chip carriers.

Sweden-based Alfa Laval has exercised an option for the acquisition of a 100% stake in Netherlands-based maritime technology provider Marine Performance Systems (MPS). The Dutch company will be completely integrated under the Alfa Laval brand. In 2021, Alfa Laval acquired a minority interest in MPS, with an option to buy the remaining holding later. The takeover is expected to speed up the introduction of this technology to the market, which will facilitate green shipping.

UK-based port operator Peel Ports Group has concluded a deal to buy the HES Humber Bulk Terminal from Netherlands-based HES International. The financial terms of the transaction have not been divulged. The purchase of the terminal, which is located on the South Bank of the Humber Estuary, allows Peel Ports to extend its reach to the East Coast of the UK. As part of the deal, Peel Ports Group will retain all 29 employees at the acquired terminal.

Dry bulk shipping company Globus Maritime has agreed to offload its 16-year-old supramax vessel, called Sun Globe, through a wholly-owned subsidiary. Constructed in 2007, the supramax bulker will be sold to an unaffiliated third party for $14.1m. The new owner is anticipated to receive the vessel by the end of May. The binding agreement to sell the 58,790 deadweight tonnage (dwt) supramax is subject to customary closing conditions.