WiseTech Acquires e2open for $2.1 Billion, to Go Private

WiseTech Global Acquires e2open in $2.1 Billion Deal to Build End-to-End Logistics Software Giant

In one of the logistics tech sector’s biggest shake-ups of the year, WiseTech Global has announced the $2.1 billion acquisition of e2open, a U.S.-based supply chain software firm. The move ends e2open’s short-lived public run, which began via a SPAC in 2020, and marks the largest acquisition in WiseTech’s history.

Deal Overview: From SPAC IPO to Strategic Exit

The all-cash transaction values e2open at $3.30 per share, a 28.4% premium over its pre-deal closing price. Once complete, e2open will be delisted from the NYSE. The decision comes after a strategic review driven by activist investor Elliott Investment Management, which had acquired a 13% stake and pushed for restructuring.

Shareholder Premium and End of Public Listing

e2open went public via SPAC in October 2020 but has struggled with poor performance and declining investor confidence. Shares, once trading above $14.50 in mid-2021, dropped to a low of $1.75 in April 2025. The deal brings closure to a rocky public chapter and provides an exit for shareholders at a relative premium.

Strategic Rationale: Combining CargoWise and e2open

Creating a Global Logistics Software Powerhouse

WiseTech, known for its CargoWise logistics platform, plans to integrate e2open’s supply chain planning tools with its logistics execution stack. The goal: build a unified end-to-end digital platform for complex, global supply chains—serving everyone from freight forwarders to OEMs and e-commerce brands.

Background: Activist Pressure and Financial Struggles at e2open

Following a $1.5 billion operating loss in FY2023 and a $652 million loss in FY2024, e2open faced mounting pressure to pivot. Subscription revenues—the company’s core—declined to $528 million in FY2024 from $537 million a year earlier. CEO Michael Farlekas was ousted in late 2023, and under interim-turned-permanent CEO Andrew Appel, a strategic review was launched.

Looking Ahead: What the Deal Means for Customers and the Market

“Together, we will offer a leading end-to-end platform for the world’s most complex supply chains,” said Appel. WiseTech CEO Richard White is expected to outline further integration plans in coming weeks, but analysts expect continued expansion beyond APAC and deeper penetration into enterprise-level supply chains in North America and Europe.

WiseTech’s Big Bet on Global Supply Chain Integration

This acquisition positions WiseTech as a formidable global force in digital supply chain infrastructure. While e2open’s recent history is marked by volatility, the combined platform could reshape how B2B logistics software is delivered—linking strategy, execution, and visibility in a single pane of glass.

Read More

Kuehne+Nagel Expands EU Freight Network via TDN Deal

Kuehne+Nagel Acquires Spain’s TDN to Boost EU Freight Connectivity

Kuehne+Nagel is making a bold strategic move to solidify its footprint in Southern Europe. The global logistics major has entered into an agreement to acquire TDN, a leading Spanish road freight provider known for its extensive terminal network and daily domestic reach.

Strategic Acquisition Targets Iberian Road Freight Leadership

As one of Spain’s most trusted logistics players, TDN brings scale and regional insight to Kuehne+Nagel’s growing road logistics ambitions. The deal directly supports K+N’s goal of expanding its European groupage network while offering faster and more frequent services across Southern Europe.

TDN’s Market Footprint and Operational Scale

Shipment Volume, Fleet, and Terminals

TDN handled over one million shipments in 2024. The company’s infrastructure spans 45 terminals and includes a partner vehicle network exceeding 700 trucks. With more than 600 employees, TDN’s logistics operation is both agile and established.

Daily Reach Across Spain, Portugal & Island Routes

TDN operates over 200 daily routes, connecting mainland Spain with Portugal, the Balearics, and the Canary Islands—offering unparalleled reach in the Iberian Peninsula’s last-mile and cross-border deliveries.

Synergies & Strategic Commentary from Leadership

“TDN is a local champion with a comprehensive road groupage network in Spain,” said Hansjörg Rodi, EVP, Road Logistics, Kuehne+Nagel. “With this acquisition, we’ll better serve our European customers with faster lead times and expanded route options.”

Susana Fernández Paradela, President of TDN, added: “With this great cultural and operational fit, we look forward to offering broader solutions to our customers and opening new growth avenues for our people.”

Post-Acquisition Integration and Future Outlook

Upon closure, the transaction will be immediately earnings-accretive and fully complementary to Kuehne+Nagel’s Road Logistics portfolio. Both companies will be integrated, with a focus on streamlining operations, leveraging shared talent, and ensuring continuity in service excellence.

Conclusion: A New Powerhouse in European Road Freight

This acquisition positions Kuehne+Nagel to dominate road freight in one of Europe’s most dynamic logistics regions. As the company continues to scale across the continent, its investment in TDN marks a defining move toward seamless pan-European road connectivity.

Read More

MSC Secures Brazilian Nod for Wilson Sons Deal

MSC’s $1.35 Billion Wilson Sons Takeover Clears Final Hurdle

After months of speculation and a rigorous review process, MSC has crossed the final regulatory checkpoint in Brazil to seal its acquisition of Wilson Sons. The $1.35 billion transaction positions MSC to become a dominant force in Latin American cabotage and port logistics.

Regulatory Approval Cements Latin American Expansion

The green light from Brazilian regulators clears the final obstacle in MSC’s strategic pursuit of Wilson Sons. This decision unlocks the completion of a deal first announced in October 2024, when MSC offered $760 million for a 56% stake owned by Ocean Wilson Holdings.

Deal Timeline and Structure

Initial Purchase and Strategic Intent

MSC’s offer was the culmination of over a year of speculation around Wilson Sons' future ownership. The acquisition grants MSC immediate control over vital infrastructure in one of Latin America’s fastest-growing coastal economies.

Tender Offer for Remaining Shares

Following the completion of the initial stake purchase, MSC will launch a public tender offer for the remaining shares. This second phase will bring the total valuation of the transaction to $1.35 billion.

Why Wilson Sons Matters to MSC’s Strategy

Strengthening Brazilian Cabotage and Port Access

Wilson Sons is a key player in Brazil’s maritime ecosystem, operating ports, towage services, and logistics platforms crucial to the nation’s trade flow. The acquisition provides MSC with direct control over this infrastructure—something it had previously lacked.

Synergy with Log-In Logística Acquisition

The deal dovetails with MSC’s 2021 acquisition of Log-In Logística, another major move in its cabotage playbook. Combined, the two entities will allow MSC to offer seamless end-to-end services across Brazil’s coastlines.

Market Reaction and Competitive Landscape

While other bidders were rumored to be in contention, MSC’s global reach and existing presence in Brazil made it the most strategic fit. Analysts expect this move to accelerate consolidation within South American port and logistics markets.

MSC Tightens Grip on South American Trade Routes

With regulatory approval now secured, MSC is poised to integrate Wilson Sons into its expansive global network. The deal marks a turning point in how container shipping giants approach domestic logistics in emerging markets—and signals MSC’s long-term commitment to Latin America.

Read More

GHIAL Acquires Full Stake in ESR GMR Logistics Park

GHIAL Acquires 100% of ESR GMR Logistics Park to Expand Aerotropolis Strategy

GMR Airports has tightened its grip on Hyderabad’s airport-driven growth story. Through its subsidiary, GMR Hyderabad International Airport Ltd (GHIAL), the group is acquiring the remaining 70% in ESR GMR Logistics Park, making the warehousing venture a wholly owned arm of its aerotropolis ecosystem.

From Minority Stake to Full Ownership

GHIAL’s development subsidiary, GMR Hyderabad Aerotropolis, already held a 30% stake in ESR GMR Logistics Park Private Ltd (EGLPPL). With this new ₹41 crore acquisition agreement, GHIAL will own 100% of EGLPPL, strengthening its footprint in the airport-linked logistics and warehousing segment.

Inside the ESR GMR Logistics Park

Key Infrastructure and Regional Impact

EGLPPL is strategically positioned to serve Hyderabad’s fast-growing logistics sector. Situated near Rajiv Gandhi International Airport, the park offers seamless multimodal connectivity and is set to serve both cargo and last-mile e-commerce players.

Warehousing as a Growth Lever for Hyderabad SEZ

This deal complements GHIAL’s broader SEZ and land monetization strategy. The logistics park will support warehousing demand from pharma, auto, and FMCG players leveraging the airport’s cargo facilities.

GMR’s Vision: Airport-Led Urban Transformation

The acquisition fits within GMR’s integrated development framework—which spans warehousing, hospitality, office spaces, and education zones—forming a full-fledged aerotropolis around Hyderabad airport. This enhances economic activity and job creation in the region.

Building an Integrated Logistics Ecosystem Around GHIAL

With full ownership of EGLPPL, GHIAL gains greater operational flexibility and strategic control over one of Hyderabad’s key logistics infrastructure assets. As India’s airport-led urban models evolve, this acquisition reinforces GMR’s long-term vision of creating connected, self-sustained logistics and commercial zones anchored by major transport hubs.

Read More

Stord Acquires Ware2Go From UPS in Fulfillment Deal

Stord Acquires Ware2Go from UPS, Gains 21 Warehouses and Expands U.S. Fulfillment Power

In a bold move to expand its logistics footprint and accelerate market penetration, Stord has acquired Ware2Go, the on-demand fulfillment network previously owned by UPS. The acquisition gives Stord an additional 21 e-commerce warehouses and 2.5 million square feet of capacity, reinforcing its position as a leader in omnichannel fulfillment and logistics technology.

A Strategic Logistics Pivot: UPS Divests, Stord Scales Up

Founded in 2018 by UPS, Ware2Go helped merchants optimize last-mile delivery by positioning inventory closer to end customers. Its sale comes amid UPS’s broader strategy to streamline operations and concentrate on core parcel and supply chain services. For Stord, it’s a timely opportunity to integrate assets and broaden its fulfillment-as-a-service ecosystem.

Ware2Go: From UPS Startup to Strategic Fulfillment Asset

Capabilities, Footprint, and E-Commerce Reach

Ware2Go offers direct-to-consumer shipping, Amazon Prime seller fulfillment, and retail-compliant B2B logistics. The network's modular warehouse allocation model helps businesses scale up quickly. Now under Stord’s umbrella, those features will be upgraded with integrated warehouse management and order routing technologies.

Stord’s Tech-Enabled Omnichannel Vision Gets a Boost

Software + Fulfillment: Full-Stack Control for Retailers

Stord’s technology suite manages over $6 billion in transactions annually, offering warehouse management, parcel tracking, and real-time order visibility. The Ware2Go acquisition allows Stord to deploy this stack across more U.S. regions while strengthening ties with UPS’s last-mile capabilities.

Market Context: Why This Deal Matters in 2025

With over $200 million in new Series E funding and a post-deal valuation of $1.5 billion, Stord is aggressively consolidating its hold on the fragmented fulfillment space. The deal follows recent acquisitions of ProPack, Pitney Bowes’s e-commerce division, and Fulfillment Works. Combined, these assets allow Stord to serve high-growth DTC brands demanding fast, reliable, tech-driven logistics.

Conclusion: Stord–UPS Partnership Strengthens as Ecosystem Realigns

As UPS doubles down on its core, Stord steps in to expand innovation at the edge of fulfillment. The companies remain partners, with UPS continuing to serve Stord customers while focusing on delivery excellence. For Stord, the road ahead is paved with scale, synergy, and a software-first mindset reshaping how e-commerce brands reach their customers.

Read More

Lithuania Commissions LNS Lokys Tugboat at Klaipėda

Lithuanian Navy Commissions Damen-Built Tugboat LNS Lokys to Boost Maritime Support and Safety

In a historic milestone for Lithuania’s naval capabilities, the LNS H–24 Lokys, a state-of-the-art harbor tugboat, has officially joined the Lithuanian Navy. Commissioned at Klaipėda Cruise Ship Terminal, the vessel represents the country’s first brand-new, custom-built naval asset—marking a new era of maritime strength and self-reliance.

Historic First for Lithuania: A Purpose-Built Naval Tug Joins the Fleet

The LNS Lokys is named after the Lithuanian word for bear and will operate under the Naval Flotilla Command. The vessel has been designed for a full range of port duties and naval support missions, providing crucial assistance for both national and NATO vessels visiting Klaipėda Port.

Vessel Specs and Capabilities: Meet the H–24 Lokys

Performance, Functions, and Strategic Role in NATO Port Operations

• Type: ASD 3010-class harbor tugboat
• Length: ~30 meters
• Beam: 12 meters
• Speed: Up to 13 knots
• Capacity: 300 tons
• Crew: 8 personnel
• Functions: Tug support, rescue, firefighting, pollution control, port safety

Construction Timeline and Partnership with Damen Shipyards

The Lithuanian Ministry of National Defense signed a €10.8 million contract with Damen Shipyards in August 2024. The tugboat was delivered in under 9 months—tailored to Lithuanian Navy specifications in collaboration with naval engineering advisors from the outset.

Remarks from Navy and Government Leadership

“We must dedicate due attention and resources to the Lithuanian Navy,” said Vice Minister of Defense Karolis Aleksa. “This vessel is just one example of how we’re developing our maritime defense posture to match modern threats.”

Rear Admiral Giedrius Premeneckas added, “It’s the first time in our Navy’s history that we receive a fully new vessel, designed to our requirements from the ground up.”

Looking Ahead: New Attack Craft and Patrol Ship Acquisitions Underway

The commissioning of Lokys is part of a broader naval modernization. Lithuania has contracted Marine Alutech of Finland to deliver two Watercat M18-based attack craft and is exploring procurement of advanced multirole patrol ships to reinforce coastal and territorial water defense.

Lithuania’s Maritime Defense Posture Enters a New Era

With the LNS Lokys entering service, Lithuania marks a strategic turning point in national defense readiness. Purpose-built, NATO-compatible, and backed by sovereign procurement—this tugboat is not just a workhorse, but a symbol of growing naval ambition in the Baltic Sea region.

Read More

Folk Maritime Adds 3 Saudi-Flagged Ships to Fleet

Folk Maritime Expands Saudi Fleet with Three New Vessels to Power Vision 2030 Logistics Strategy

Folk Maritime Services Company has announced a major step forward in its domestic fleet development with the addition of three Saudi-flagged container vessels. The Folk Dammam, Folk Yanbu, and Folk Jubail will begin operations in the coming month, reinforcing the company’s strategic role in advancing Saudi Arabia’s Vision 2030 logistics ambitions.

Fleet Growth Aligned with Saudi Arabia’s National Maritime Ambitions

All three vessels are registered under the Saudi flag at Jeddah Islamic Port, signaling Folk Maritime’s growing commitment to self-reliant fleet ownership. The additions mark a deliberate pivot from dependency on chartered vessels to investing in sovereign shipping capacity.

Meet the New Vessels: Dammam, Yanbu, and Jubail

Specifications and Deployment Plans

• Folk Dammam – 1,868 TEUs
• Folk Yanbu – 702 TEUs
• Folk Jubail – 1,118 TEUs

These ships will be deployed across domestic and regional shipping routes over the next month to enhance connectivity, reliability, and throughput capacity.

CEO Statement: Reducing Charter Reliance, Investing in Sovereignty

“The addition of Folk Dammam, Folk Yanbu, and Folk Jubail to our fleet strengthens our ability to deliver efficient and reliable shipping solutions,” said Poul Hestbaek, CEO of Folk Maritime. “This expansion not only supports Folk Maritime’s ambitions to expand fleet capacity, but also reinforces our commitment to reducing reliance on chartered vessels and investing in Saudi-flagged assets. These efforts directly align with Vision 2030’s objectives to build a competitive, self-sufficient logistics sector.”

Fleet Status: 8 Vessels and Counting

Folk Maritime’s operational fleet now totals eight vessels, including five owned and three chartered. The latest expansion builds on the delivery of the Folk Jeddah (1,868 TEUs) in September 2024 and the Folk Jazan (2,015 TEUs) in April 2025.

Conclusion: Saudi Maritime Sector Anchors Growth Through Strategic Assets

As Saudi Arabia doubles down on Vision 2030 logistics objectives, Folk Maritime is leading by example—growing its fleet, strengthening national capabilities, and building long-term value through Saudi-flagged maritime infrastructure. The company’s trajectory is clear: invest locally, operate globally.

Read More

Minerva Buys 1,781 TEU Ship Mindoro for $31.5M

Minerva Acquires 1,781 TEU Mindoro for $31.5M, Expanding Young Container Ship Fleet

Greek shipping company Minerva Marine has acquired the three-year-old, 1,781 TEU container vessel Mindoro from Germany’s Briese Schiffahrt for US$31.5 million. The ship has since been renamed Little Symphony and continues operating under a time charter to Hapag-Lloyd through late 2025.

Renamed Little Symphony, Vessel Remains on Charter to Hapag-Lloyd

The sale represents a solid return for Briese Schiffahrt, which originally ordered the vessel in 2021 for US$26 million. Built in 2022 and chartered to a top-tier operator, the *Little Symphony* reflects a trend among Greek owners to grow their modern fleets via second-hand acquisitions of quality feeder vessels.

Briese Schiffahrt Nets Profitable Exit on Modern Feeder Ship

With demand still strong for fuel-efficient feeder container ships, the vessel adds a well-positioned asset to Minerva’s growing portfolio. Its contract with Hapag-Lloyd ensures revenue visibility through Q4 2025, enhancing fleet economics during global rate fluctuations.

Minerva’s Strategy: A Modern, Charter-Backed Container Fleet

• New Name: Little Symphony
• Capacity: 1,781 TEUs
• Build Year: 2022
• Seller: Briese Schiffahrt
• Buyer: Minerva Marine
• Charter Status: Hapag-Lloyd through Q4 2025
• Minerva Container Fleet: 7 vessels (all built 2022 or later)

Steady Expansion in High-Quality Container Tonnage

With *Little Symphony*, Minerva continues to position itself as a serious player in the post-2020 container tonnage realignment. Backed by long-

Read More

Margaritaville at Sea Acquires Costa Fortuna

Margaritaville at Sea Acquires Costa Fortuna, Unveiling Major Cruise Expansion Plans for 2026

Three years after launching its first cruise under the laid-back Margaritaville brand, Margaritaville at Sea is making waves again—this time by acquiring the Costa Fortuna, a 102,500 GT ship that will become its largest vessel to date. The expansion signals a bold new chapter, complete with longer Caribbean itineraries and an island-style redesign inspired by the brand’s iconic Jimmy Buffett roots.

Biggest Vessel Yet Marks New Era for the Island-Themed Cruise Line

The acquisition comes just a year after Margaritaville at Sea launched its second ship, Islander, formerly Costa Atlantica. Now, the addition of the much larger Costa Fortuna underscores the company’s rapid evolution into a competitive lifestyle cruise operator with broader itineraries and national reach.

Costa Fortuna to Become Margaritaville’s Flagship by Late 2026

Ship Specs and Lifestyle Overhaul in Progress

• Gross Tonnage: 102,500 GT
• Passenger Capacity: ~3,450
• Decks: 13 (with 8-story atrium)
• Staterooms: 1,340+
• Delivered: 2003 by Fincantieri
• New Branding: Complete Margaritaville redesign
• Homeport: To be announced

New Itineraries to Aruba, Curacao, and Beyond

Starting January 2026, Margaritaville at Sea will begin offering eight- and ten-night cruises that venture well beyond its current routes to the Bahamas. The expanded network will include ports of call such as Aruba, Curacao, Montego Bay, and even New Orleans.

A Growing Brand Beyond Port Palm Beach and Tampa

Originally partnered with Bahamas Paradise Cruise Line, Margaritaville at Sea began service in May 2022 from Port of Palm Beach. With the 2024 debut of the Islander from Port Tampa Bay, the brand started exploring deeper cruise markets. The Costa Fortuna acquisition pushes this even further, necessitating a third and larger homeport yet to be disclosed.

Margaritaville at Sea Finds Its Ocean Groove

From coastal cruises to a full-fledged floating island escape, Margaritaville at Sea is cementing its position as a lifestyle leader in the cruising space. The addition of the Costa Fortuna marks not just growth in tonnage, but in ambition—bringing more space, more destinations, and more Margaritaville magic to the high seas.

Read More

Bollinger, Edison Chouest Launch United Shipbuilding Alliance

Bollinger and Edison Chouest Launch United Shipbuilding Alliance to Deliver Next-Gen Arctic Icebreakers

Bollinger Shipyards and Edison Chouest Offshore (ECO) have launched the United Shipbuilding Alliance (USA), a new industry initiative aimed at delivering next-generation Arctic icebreakers faster and more cost-effectively. The partnership is a direct response to the U.S. Coast Guard’s April 2025 RFI for Arctic Security Cutters (ASCs).

Strategic Partnership to Fast-Track U.S. Arctic Operational Readiness

Using a proven commercial acquisition model, USA proposes to deliver fully capable icebreaking vessels in just 33 months from contract award — a significant reduction in lead time compared to traditional government procurement cycles.

Responding to Coast Guard’s Arctic Security Cutter RFI with Commercial Agility

The strategy draws from the successful transformation of the USCGC STORIS, which was delivered in under three years. The model offers more than 40% in cost savings by streamlining vendor selection, reducing regulatory friction, and enabling work to be distributed across multiple U.S. shipyards.

40% Cost Savings and Agile Execution Highlight Benefits of Commercial Acquisition

• Delivery in 33 months vs traditional multi-year delays
• Eliminates redundant reporting and source selection mandates
• Leverages 6,000+ skilled workers across 33 facilities
• Builds on 144 combined years of U.S. shipbuilding experience

Preserving U.S. Naval Industrial Base with American-Built Vessels

“The answer is clear—let American industry lead,” said Ben Bordelon, President & CEO of Bollinger Shipyards. “The United Shipbuilding Alliance is proof that American industry can and will deliver faster, better, and more cost-effectively by aligning commercial innovation with national security priorities.”

USA’s Massive Capacity: 6,000 Workers, 33 Shipyards, 144 Years of Expertise

USA combines the full strength of Bollinger’s and ECO’s infrastructure to address national needs with urgency. The companies have collectively delivered four icebreakers and are currently managing the U.S. Coast Guard’s Polar Security Cutter (PSC) program. Bollinger, which took over the troubled PSC contract in 2022, recently received U.S. Coast Guard approval to begin full production.

Conclusion: Aligning Innovation, Speed, and Security for Arctic Dominance

With geopolitical interest in the Arctic at an all-time high, the United Shipbuilding Alliance offers the U.S. a unique industrial solution to close the polar capability gap. Through American-built vessels, commercial agility, and industrial collaboration, USA is positioned to redefine how quickly — and affordably — America can project strength in the polar regions.

Read More

ED Forwarding Joins PSA BDP’s Global Logistics Network

PSA BDP Acquires ED Forwarding to Expand Logistics Reach in Mexico and LATAM

PSA BDP, a global logistics and supply chain solutions provider, has acquired a majority stake in ED Forwarding, a respected Mexico-based freight and logistics company. The acquisition strengthens PSA BDP’s foothold in Latin America and expands its ability to deliver cross-border and end-to-end logistics solutions in a dynamic and fast-growing market.

Majority Stake Acquisition Cements 10-Year Partnership

The deal builds on a decade-long partnership between the two firms, with ED Forwarding having served as a trusted partner agent in PSA BDP’s global network. Now formally integrated, both organizations are set to enhance customer offerings and extend value throughout the Americas corridor.

Why Mexico? Strengthening Presence in a Strategic Growth Market

Mexico’s emergence as a nearshoring hotspot and key trade partner under the USMCA makes it a vital market for PSA BDP’s long-term growth strategy. ED Forwarding’s strong local knowledge and industry presence provide a valuable foundation to scale supply chain solutions throughout the region.

Headquartered in Mexico City, ED Forwarding Brings Deep Regional Experience

From automotive to retail to manufacturing, ED Forwarding serves a wide variety of industries. This acquisition enables PSA BDP to offer enhanced service delivery across last-mile, customs, and inland logistics operations tailored to regional needs.

Combined Offerings: Global Terminals Meet Local Expertise

Customers will benefit from a unified logistics network spanning deepsea ports, inland terminals, rail hubs, and digital freight tools. The combination will unlock new efficiencies and agility in inventory, documentation, and multi-modal execution across borders.

Leadership Comments: Shared Vision, Enhanced Value, Seamless Transition

“Our investment in ED Forwarding represents a natural evolution of our longstanding partnership and an exciting opportunity for growth,” said Hector Gonzalez, Deputy CEO at PSA BDP.

“Together, we are well-positioned to better serve our customers in a key market,” added Jorge Pedroza Paez, Managing Director of ED Forwarding.

Conclusion: PSA BDP Advances Global Ambitions Through Regional Integration

As global logistics players double down on emerging markets and cross-border innovation, PSA BDP’s majority acquisition of ED Forwarding highlights a strategic commitment to seamless integration and customer-first expansion across the Americas.

Read More

Wallenius Wilhelmsen Acquires 100% of Armacup

Wallenius Wilhelmsen Acquires 100% of Armacup, Strengthening Asia-Oceania Automotive Trade

Wallenius Wilhelmsen has finalized the full acquisition of Armacup, increasing its ownership from 65% to 100% in a strategic move to bolster its role in the Asia-Oceania automotive shipping market. The transaction officially closed on April 30, 2025.

Full Ownership Unlocks Synergies in RoRo and Logistics Operations

The acquisition, first outlined under a 2022 shareholder agreement, will enable closer integration between the two companies’ operations. Armacup’s services have long complemented Wallenius Wilhelmsen’s, with shared vessel pools, joint agency networks in China and Australia, and an overlapping customer base of automotive OEMs.

Building on Shared Capacity, Agencies, and OEM Customer Base

“This acquisition is a strategic move that will also bring growth opportunities in the Asia-Oceania trade,” said Xavier Leroi, Chairman of the Board at Armacup and COO Shipping Services at Wallenius Wilhelmsen. “It strengthens our investment in integrated logistics offerings in Australia and builds on our market-leading global shipping capacity.”

Armacup’s Legacy: From Japanese Used Cars to Asia-Pacific OEM Logistics

Founded in New Zealand in the 1980s, Armacup has been instrumental in developing the Japanese used car export trade. It has since expanded to serve leading and emerging OEMs in Japan, China, and South Korea, focusing on roll-on/roll-off (RoRo) vehicle transportation across the Asia-Oceania corridor.

Strategic Expansion of WW’s Integrated Australia Logistics Footprint

The acquisition enables Wallenius Wilhelmsen to scale its Australian logistics presence, offering customers end-to-end visibility, optimized vessel deployment, and integrated inland distribution options across Oceania.

Conclusion: A Consolidation That Reinforces WW’s Trade Lane Dominance

As global automotive trade continues to pivot toward integrated, regional logistics models, the consolidation of Armacup under the Wallenius Wilhelmsen umbrella signals a strong vote of confidence in the future of Asia-Pacific supply chains. With strengthened capacity and a harmonized service portfolio, the company is poised to lead in the evolving Oceania trade environment.

Read More

DP World Expands APAC Logistics with Singapore Entry

DP World Launches First Logistics Facility in Singapore, Strengthening APAC Supply Chain Capabilities

DP World has officially opened its first logistics asset in Singapore — a 13,000m² bonded warehouse located at Mapletree Benoi Logistics Hub. The facility is a major step in expanding the company’s Asia-Pacific footprint and solidifying Singapore’s role as a strategic logistics link between China and Southeast Asia.

New 13,000m² Bonded Warehouse Adds to Regional Footprint in Asia Pacific

The warehouse complements recent launches in Incheon, South Korea and Hong Kong, bringing DP World’s total APAC warehouse capacity to over 800,000m². The facility offers multi-user bonded storage solutions and is designed to integrate seamlessly with DP World’s port terminals and global freight forwarding operations.

Singapore Facility Positioned as Key Link Between China and Southeast Asia

“This new addition will better fortify our offerings across the entire spectrum of logistics services,” said Glen Hilton, CEO & Managing Director for DP World in Asia Pacific. “With new facilities in Singapore, Hong Kong and South Korea, we are better positioned than ever to deliver agile, efficient, and reliable logistics solutions.”

Part of Strategic Expansion Including Korea, Hong Kong, and Vietnam

• Singapore: 13,000m² bonded facility at Mapletree Benoi
• Incheon: Warehousing hub for North Asian trade
• Hong Kong: Gateway for South China distribution
• Busan: US$50 million logistics centre under development

Riding on Acquisitions: Legend Global, Savan Logistics, Cargo Services Far East

DP World’s growth in APAC has also been fueled by key acquisitions over the past year, including Legend Global Logistics (Singapore), Savan Logistics (Vietnam), and Cargo Services Far East (Hong Kong). These moves have strengthened DP World’s customs handling, last-mile capabilities, and cross-border logistics expertise.

Conclusion: DP World Signals Long-Term Commitment to Southeast Asian Trade Infrastructure

With Singapore as its APAC nerve centre and a robust pipeline of investments across the region, DP World is executing a long-term strategy to dominate logistics corridors linking North Asia with Southeast Asia. The Benoi warehouse sets the foundation for faster, bonded, multimodal cargo movement that meets the needs of modern trade flows and reinforces Singapore’s role as a logistics powerhouse.

Read More

GTT Acquires Denmark’s Danelec to Scale Maritime Digitalization

GTT Acquires Danelec for €194 Million to Become Global Leader in Maritime Vessel Performance and Data Solutions

Paris, France – May 2025: GTT (Gaztransport & Technigaz), a global leader in LNG containment systems and digital maritime innovation, has entered into a definitive agreement to acquire Danelec, a Denmark-based provider of advanced vessel performance and data management technologies, from European investment fund Verdane.

Strategic Acquisition Valued at €194 Million

The transaction, valued at €194 million (US$220 million), significantly accelerates GTT’s expansion into maritime digital solutions. With the acquisition, GTT’s installed digital base grows to over 17,000 vessels, positioning the company as a market leader in two fast-growing verticals:

• Vessel Performance Management
• Voyage Data Recorder (VDR) Systems

“This strategic acquisition makes GTT the global leader in vessel performance management and strengthens our role in the vital VDR market,” said Philippe Berterottière, Chairman and CEO of GTT. “Danelec’s deep technical expertise, strong recurring revenue base, and international footprint are an ideal complement to GTT’s digital ambitions.”

About Danelec: A Pioneer in Maritime Digitalization

Founded in 1995 and headquartered in Farum, Denmark, Danelec is recognized for its advanced digital maritime systems that enhance operational efficiency, safety, and sustainability. Danelec’s hardware and software solutions, including IMO-compliant Voyage Data Recorders, are deployed on over 15,500 vessels globally. The company operates with 168 employees and a worldwide technician network spanning 700+ field engineers.

Financial Snapshot & Strategic Fit

For the fiscal year ended June 30, 2024, Danelec reported:

• Revenue: DKK 330 million (~US$50 million)
• Recurring Revenue Share: ~33%
• Adjusted EBITDA Margin: 25%

Danelec’s solid SaaS-like recurring income, long-term VDR maintenance contracts, and integrated service model are expected to deliver immediate earnings accretion for GTT from H2 2025.

Transforming Maritime Intelligence

The acquisition aligns with GTT’s broader strategy to become a digital backbone of the maritime industry. As global shipping transitions toward decarbonization and data-driven operations, this move strengthens GTT’s value proposition to shipowners, OEMs, and regulators seeking real-time analytics, environmental compliance, and safety enhancements.

“Danelec’s track record of maritime innovation and our shared vision for safer, smarter shipping makes this union a natural fit,” said Berterottière.

Closing Timeline

The acquisition is expected to close by early Q3 2025, subject to regulatory approvals and customary closing conditions.

About GTT

GTT is a technology and engineering company specializing in cryogenic membrane containment systems for LNG transport and storage, as well as digital solutions for the maritime and energy sectors. Listed on Euronext Paris, the company is at the forefront of integrating digitalization into maritime decarbonization goals.

Read More

DHL Acquires IDS Fulfillment to Expand U.S. E-Commerce Reach

DHL Supply Chain Acquires IDS Fulfillment to Expand SME E-Commerce Capabilities in the U.S.

May 28, 2025 – United States: DHL Supply Chain, the logistics arm of Germany-based parcel and freight giant DHL, has announced the acquisition of IDS Fulfillment, a strategic move aimed at strengthening its e-commerce service offerings for small and medium-sized businesses (SMBs) in the U.S. market.

Strategic Expansion Across Key U.S. Fulfillment Hubs

The acquisition adds more than 1.3 million square feet of warehousing and distribution space to DHL’s North American network, with new facilities in Indianapolis, Salt Lake City, Atlanta, and IDS’ headquarters in Plainfield, Indiana. These locations will help DHL serve a broader customer base while enhancing service levels and fulfillment velocity.

“E-Commerce has been a growth driver for DHL in recent years and is a key focus of our Strategy 2030 agenda,” said Patrick Kelleher, CEO of DHL Supply Chain North America. “The acquisition of IDS ensures that small and midsize companies have access to our state-of-the-art logistics platforms and solutions tailored to their scale and needs.”

Second Major Fulfillment Buy in 2025

This marks DHL Supply Chain’s second e-commerce acquisition in 2025. In January, DHL acquired Inmar Supply Chain Solutions, the leading North American reverse logistics specialist, to become the largest returns processor for online retailers in the region. Combined, these acquisitions significantly strengthen DHL's e-commerce fulfillment capabilities across forward and reverse supply chains.

“With global e-commerce forecasted to grow at 8% CAGR through 2029, we are focused on building a nimble, scalable network that meets the demands of a new digital-first trade economy,” added Oscar de Bok, Global CEO of DHL Supply Chain. “IDS complements our existing fulfillment infrastructure, allowing us to deliver seamless, cross-border eCommerce with local execution.”

Geopolitics Driving Supply Chain Reorientation

The timing of the acquisition is notable. Just days earlier, the U.S. government revoked the de minimis duty exemption on low-value shipments from China and Hong Kong, imposing a 145% tariff on individual orders that previously entered duty-free. This regulatory shift is driving Chinese platforms like Temu, Shein, and Alibaba to build or expand U.S.-based fulfillment and warehousing hubs to stay competitive.

By acquiring IDS, DHL positions itself as a logistics enabler for global sellers localizing inventory in the U.S. through domestic warehousing, bulk importation by ocean freight, and just-in-time regional fulfillment—critical advantages in a post-de minimis environment.

What It Means for SMBs

For U.S.-based SMBs, the deal means expanded access to DHL’s fulfillment stack, enhanced delivery reliability, and strategic support in navigating supply chain complexities. By retaining IDS’ local leadership and operational teams, DHL ensures continuity of service and a smooth integration process.

Conclusion

DHL’s acquisition of IDS Fulfillment reflects an increasingly dynamic e-commerce logistics landscape where global shifts in trade policy, consumer demand, and technology adoption are converging. By investing in infrastructure and localized execution, DHL reinforces its position as a partner of choice for agile, borderless commerce.

Read More

DEME Completes €900M Acquisition of Havfram, Expands Offshore Wind Capabilities

DEME Completes €900 Million Acquisition of Havfram, Expands Offshore Wind Installation Capabilities

Oslo/Antwerp – May 2025: In a landmark transaction reshaping the offshore wind installation landscape, Belgian marine engineering leader DEME has completed the €900 million acquisition of Norway-based Havfram, a specialist in offshore wind transport and installation services.

The acquisition, initially announced on April 9, 2025, involves DEME Offshore Holding NV acquiring 100% equity in Havfram Wind Holdco AS from its owners Sandbrook Capital and Public Sector Pension Investment Board (PSP Investments).

🔧 Strategic Boost to DEME’s Offshore Energy Segment

Havfram's integration strengthens DEME’s position in the rapidly growing global offshore wind market. With operations based out of Oslo, Havfram will retain its local management and continue to operate under the umbrella of DEME’s Offshore Energy segment, ensuring continuity and stability for its clients.

“This acquisition is fully aligned with DEME’s strategy to lead in offshore renewable energy logistics and installations,” said a DEME spokesperson. “The synergy will enhance our global project execution capabilities and strengthen our pipeline through 2030.”

🚢 Two Next-Gen Wind Turbine Installation Vessels

One of the key assets in the acquisition is two state-of-the-art Wind Turbine Installation Vessels (WTIVs) currently under construction. These are expected to be delivered in Q4 2025 and early 2026. Both vessels have already secured multi-year contracts beginning in the second half of 2026, underscoring strong market demand.

📦 €600 Million Orderbook with Long-Term Visibility

Havfram brings along an order backlog worth approximately €600 million, spanning major offshore wind farm projects scheduled from 2026 to 2030. This includes wind farm construction projects across Northern Europe and other fast-growing clean energy markets.

🌍 DEME: Scaling Global Green Energy Infrastructure

Listed on Euronext Brussels, DEME reported consolidated revenues of €4.1 billion in FY2024, with an EBITDA of €764 million. Operating in over 90 countries, DEME’s portfolio includes offshore energy, dredging, environmental remediation, and complex marine infrastructure. The company employs more than 5,800 professionals worldwide.

The acquisition represents a bold move by DEME to dominate the next phase of offshore wind deployment and aligns with global climate goals for energy transition. It also reflects increasing consolidation in the offshore supply chain as demand for floating wind, hybrid cables, and mega-turbines accelerates.

🔍 What This Means for the Industry

With this deal, DEME has effectively fortified its logistics and installation vertical with high-spec assets, strong backlog visibility, and a highly experienced Norwegian team. The integration ensures continuity for existing projects and unlocks new global opportunities in the burgeoning wind energy space.

“This is not just an acquisition—it’s a strategic evolution,” industry analysts commented, pointing to the combined strength of DEME’s capital scale and Havfram’s Nordic expertise in floating and bottom-fixed turbine installations.

Read More

Wallenius Wilhelmsen Acquires 100% Stake in Armacup to Expand Asia-Oceania Trade

Wallenius Wilhelmsen Acquires Remaining Stake in Armacup, Strengthens Asia-Oceania Trade Position

Oslo/Auckland – 30 April 2025: Global shipping and logistics powerhouse Wallenius Wilhelmsen has completed the acquisition of the remaining shares in Armacup, taking its ownership from 65% to 100% and further consolidating its leadership in the Asia-Oceania trade lane.

Armacup, headquartered in New Zealand, has been a pioneer in the Japanese used car shipping trade since the 1980s. Over the past four decades, it has expanded to service major automotive OEMs in Japan, China, and South Korea, becoming a key regional player in maritime automotive logistics.

Strategic Integration to Drive Regional Growth

The acquisition is described as a strategic growth catalyst by Xavier Leroi, Chairman of the Board at Armacup and COO Shipping Services at Wallenius Wilhelmsen. “This acquisition is a strategic move that will bring growth opportunities in the Asia-Oceania trade through Wallenius Wilhelmsen’s market-leading capacity and integrated logistics infrastructure in Australia,” he stated.

Wallenius Wilhelmsen and Armacup have shared strong operational ties over the past decade, including a shared pool of vessels, agencies in China and Australia, and a common customer base of leading automotive manufacturers.

Enhancing Synergies and Expanding Market Reach

This acquisition cements the long-standing cooperation between the two companies and will unlock significant operational synergies in vessel utilization, route optimization, and end-to-end supply chain solutions across key Asia-Pacific trade corridors.

The move also aligns with Wallenius Wilhelmsen’s broader vision to deliver integrated, sustainable, and digital logistics solutions for the global automotive and breakbulk industries.

Transaction Details

The transaction was officially closed on April 30, 2025, fulfilling an agreement first outlined in an amended shareholder deal signed in 2022. Under the terms, Wallenius Wilhelmsen exercised its right to acquire the remaining equity stake from Armacup’s minority shareholders.

Outlook

As automotive trade in the Asia-Oceania region continues to rebound and evolve with the growth of EV exports, digital logistics, and integrated port infrastructure, the full integration of Armacup is expected to create a more agile, responsive, and scalable transport offering.

With this acquisition, Wallenius Wilhelmsen further positions itself as a key enabler of regional trade and an end-to-end partner for OEMs and logistics providers across the Indo-Pacific maritime corridor.

Read More

DEME Acquires Havfram to Power Offshore Wind Surge

DEME Acquires Havfram to Strengthen Offshore Wind Energy Operations

In a decisive move that underscores Europe’s accelerating push toward clean energy, Belgium’s DEME Group has completed its acquisition of Norway-based Havfram. The nearly €900 million transaction isn’t just a fleet expansion—it’s a strategic bet on offshore wind energy becoming the backbone of global energy transition. Here’s why this matters and what’s coming next.

Background: DEME’s Offshore Wind Expansion Strategy

DEME has steadily positioned itself as a dominant force in offshore wind, and this acquisition further consolidates its leadership. Offshore energy now comprises nearly half of DEME’s €4.1 billion annual revenue, with wind projects alone contributing €2 billion in 2024. With over 350 completed projects since its entry into the wind segment in 2000, DEME's growth trajectory is steep—and strategic.

What’s Changing: Key Acquisition Details

The acquisition includes share purchase from Sandbrook Capital and PSP Investments, as well as CAPEX commitments for two NG20000X jack-up vessels under construction in China. These hybrid installation vessels are designed to handle rotor diameters over 300 meters and XXL monopiles of up to 3,000 tons.

[Insert chart comparing DEME revenue growth vs. global offshore wind market]

Impact on Shippers & Trade Lanes

The integration of Havfram enhances DEME’s operational footprint across European and North American corridors, especially with scheduled participation in flagship projects like Dominion Energy’s Coastal Virginia Wind Farm.

Suggested Mitigation Measures

[Insert bullet list on procurement strategies, vessel booking trends, and regional port logistics]

Expert Insight: Leadership Commentary and Industry Impact

“DEME’s investment in Havfram underscores our unwavering belief in the immense potential of offshore wind infrastructure as a key element in the global energy transition,” said Luc Vandenbulcke, CEO of DEME.

Conclusion: What This Means for the Future of Offshore Wind

With this acquisition, DEME not only strengthens its asset base but also reaffirms its vision to lead the offshore energy revolution. As global climate policies and investment align toward renewables, this move cements DEME's place at the helm of a transformative decade in clean energy infrastructure.

Read More

India’s Largest Port Operator Adani Port Acquires Australia's NQXT Terminal, Adds 50 MTPA

 India’s largest integrated transport utility, Adani Ports and Special Economic Zone Ltd (APSEZ), has acquired the North Queensland Export Terminal (NQXT) in Australia, adding 50 MTPA capacity.

In all-share deals, Adani Ports (APSEZ) will issue 14.38 crore equity shares at (A$ 3,975 million) to Carmichael Rail and Port Singapore holdings Pte Ltd (CRPSHPL) in exchange for 100% ownership of Abbot Point Port Holdings Pte Ltd (APPH).

Abbot Point Port Holdings Pte Ltd (APPH), a Singapore-based entity currently owned by Carmichael Rail and Port Singapore Holdings Pte Ltd (CRPSHPL).

APPH owns and operates NQXT, a major export terminal located at the Port of Abbot Point, roughly 25 kilometres north of Bowen in North Queensland, on Australia’s east coast.

As part of the deal, APSEZ will also take over certain non-core assets and liabilities listed on APPH’s balance sheet, which the company plans to liquidate within a few months.

Read More

A.P. Moller Offers 42.5% Premium to Acquire Svitzer

A.P. Moller Holding Launches Voluntary Offer to Acquire and Delist Svitzer Group

In a decisive move to strengthen its portfolio and support long-term growth, A.P. Moller Holding has announced a voluntary recommended public offer to acquire all outstanding shares of Svitzer Group A/S, with the goal of taking the maritime services provider private. The offer, valued at DKK 285 per share, comes just one year after Svitzer’s listing on Nasdaq Copenhagen in April 2024.

Privatization Plan Follows Low Market Response Since 2024 IPO

The offer is made through A.P. Moller Holding’s wholly owned entity APMH Invest A/S. While Svitzer has posted strong results post-IPO, the market has failed to reflect this performance in its valuation. A.P. Moller Holding believes that the company’s growth strategy would be better supported away from the public market.

DKK 285 Per Share Offer Reflects Up to 42.5% Premium

Shareholder Backing Secured for 61% of Capital

• 42.5% premium over IPO opening price
• 31.7% premium over April 1, 2025 closing
• 31.3% premium over 3-month volume-weighted average price
• Offer adjusted for DKK 8.00 dividend if approved
• Offer contingent on >90% ownership for full delisting

Strategic Rationale: Growth, Flexibility, and Sector Consolidation

“Since Svitzer was listed, the company has consistently delivered results above expectations. However, we have not seen this reflected in the valuation of the share,” said Martin Larsen, CFO of A.P. Moller Holding. “We therefore believe that Svitzer is better supported through private ownership.”

Board Recommends Shareholders Accept the Offer

Svitzer’s independent board members have unanimously recommended that shareholders accept the offer. The company will continue to operate independently under its existing brand and leadership, while benefiting from greater financial flexibility and long-term strategic alignment with A.P. Moller Holding.

Conclusion: Public-to-Private Move to Support Long-Term Maritime Growth

As global marine services enter a new phase of consolidation, A.P. Moller Holding’s bid to take Svitzer private signals a strategic realignment focused on operational excellence, capital access, and long-term maritime competitiveness.

Read More