The New York-based buyout firm, which bought the operator of roll-on roll-off transport vessels for about 910 million euros ($1.23 billion) in 2007, plans to sell its majority stake in the Istanbul company next year, the people said, asking not to be identified because the matter is confidential.
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Bigger private equity investment
KKR & Co., the private-equity firm run by Henry Kravis and George Roberts, hired Goldman Sachs Group Inc. to sell its Turkish shipping company U.N. Ro-Ro Isletmeleri AS, three people with knowledge of the matter said.
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Flex LNG to become gas giant through Exmar and Geveran mergerFlex LNG is to acquire LNG vessels and other assets from Belgium’s Exmar and Fredriksen-led Geveran in a deal that will create one of the largest independent floating LNG infrastructure companies in the world.
New two berths for the terminal Shanghai Wusongkou International Cruise Terminal plans to double up its capacity by 2016, as it eyes further expansion of offshore cruise routes to Asian destinations. Namely, the terminal will add two additional berths to the existing duo.
A Conditional EU ApprovalHapag-Lloyd and Compania SudAmericana de Vapores secured conditional European Union approval on Thursday for their tie-up to create the worlds fourth-largest container shipping company.
MSC to be better!The first of four MSC Cruises ships to undergo the Renaissance Programme of enhancements was on Wednesday physically extended by 24 metres under the watchful gaze of international journalists, MSC said.
Support declared to sulphurRickmers-Linie has issued a release declaring its support for the introduction of stricter sulphur regulations but expects that they will inevitably lead to an increase in the cost of marine fuels.
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