Latest Deals

Acquisition of HMM fails on “management rights”

South Korean container shipping firm HMM will remain in state control after negotiations with Harim Group failed to solidify a deal. Harim, which is best known for its poultry business, was selected as the preferred bidder for the state-owned stake in the shipping firm in December 2023. The Harim bid came with private equity backing from JKL Partners. Despite talks between the four firms in late December, later extended in January, no agreement on the sale was reached. 

Okapi Energy buys Yara Marine

Norwegian chemical company Yara has sold its marine technology business Yara Marine Technologies to Okapi Supply Trading Advisory, a part of the Swiss-African Okapi Energy Group. Financial details of the deal have not been confirmed. Yara offloaded Yara Marine Technologies as part of the company’s revised strategy to focus on its core businesses in the sustainable food and clean ammonia markets.

ZeroNorth acquires Euronav platform

Danish Maritime technology company ZeroNorth is set to acquire and manage Euronav’s Fleet Automatic Statistics and Tracking (FAST) platform. As part of the deal, Belgian international shipping company Euronav also becomes a customer of ZeroNorth’s full platform offering. Financial details of the acquisition have not been disclosed. Over time, the two companies plan to integrate FAST’s data and full functionality within the ZeroNorth platform.

Source: Pharmaceutical Technology

Maersk Tankers buys Penfield Marine

Maersk Tankers, the tanker company owned by A.P. Moller Holding, is set to acquire US commercial tanker management company Penfield Marine for an undisclosed sum. Already responsible for one of the largest tanker fleets in the world, including its affiliated companies, Maersk Tankers will bring Penfield into its existing brand to increase the number of vessels under its management to around 240.