CleanShip - Hold Cleaning Solution’s Post

𝐌𝐎𝐋 𝐭𝐚𝐤𝐞𝐬 𝐨𝐯𝐞𝐫 𝐆𝐞𝐚𝐫𝐛𝐮𝐥𝐤 𝐟𝐫𝐨𝐦 𝐊𝐫𝐢𝐬𝐭𝐢𝐚𝐧 𝐉𝐞𝐛𝐬𝐞𝐧 Mitsui OSK Lines (MOL), Japan’s largest shipowner, is taking over Gearbulk from Kristian Jebsen in a deal that is expected to close by January next year. MOL first invested in Gearbulk, the world’s largest open-hatch operator, in 1991, taking a 40% stake in the company that was founded in 1968, a shareholding it subsequently raised to 49% with Jebsen retaining a 51% majority. Today, MOL announced its takeover plans, with it set to hold a 72% stake in Gearbulk by early next year. Gearbulk has a fleet of 60 vessels plus a number of ships on order in China. No price has been revealed for the takeover. MOL is well-versed in buying into Norwegian maritime assets. Odfjell Oceanwind, Larvik Shipping, and AKOFS Offshore are some of MOL’s Norwegian investments in recent years.  

Lomar's Strategic Expansion in Dry Bulk Shipping 🚢💰 Lomar Shipping has significantly increased its investment in the dry bulk sector, allocating $127 million in the past year to expand its fleet. This includes the addition of new vessels, enhancing the company's capacity and operational capabilities to better serve the global logistics market. #LomarShipping #DryBulkInvestment #MaritimeIndustry #Shipping #GlobalLogistics #FleetExpansion #MaritimeInvestment #Transportation #SupplyChain #EconomicGrowth 🔗 Lomar bulker investment hits $127m in a year https://lnkd.in/emZbYFaT

💰 Lomar's Strategic $127M Investment in Bulk Carriers Lomar Shipping is upping its game with a hefty $127 million investment in bulk carriers this year. This strategic move is aimed at bolstering its capacity and market reach in the competitive dry bulk sector. The investment underscores Lomar's commitment to growth and its confidence in the market's future. #Shipping #Investment #DryBulk #Lomar #Maritime #BulkCarriers #MarketGrowth #Strategy #BusinessDevelopment #Trade 🔗 Lomar bulker investment hits $127m this year https://lnkd.in/emZbYFaT

💰 Lomar's Strategic $127M Investment in Bulk Carriers Lomar Shipping is upping its game with a hefty $127 million investment in bulk carriers this year. This strategic move is aimed at bolstering its capacity and market reach in the competitive dry bulk sector. The investment underscores Lomar's commitment to growth and its confidence in the market's future. #Shipping #Investment #DryBulk #Lomar #Maritime #BulkCarriers #MarketGrowth #Strategy #BusinessDevelopment #Trade 🔗 Lomar bulker investment hits $127m this year https://lnkd.in/emZbYFaT

𝐍𝐘𝐊 𝐩𝐨𝐜𝐤𝐞𝐭𝐬 𝐩𝐫𝐨𝐟𝐢𝐭 𝐟𝐫𝐨𝐦 𝐬𝐚𝐥𝐞 𝐨𝐟 𝟐𝟓-𝐲𝐞𝐚𝐫-𝐨𝐥𝐝 𝐜𝐚𝐩𝐞 NYK Bulkship Korea, which is a part of the larger Nippon Yusen Kaisha (NYK) empire, has cashed in close to $12m for the 25-year-old, 173,000 dwt rusty workhorse, Oriental Navigator, a ship sold for further trading to undisclosed Chinese buyers. The dented trader has served NYK well. It was added as Stellar Navigator in 2016 for about half the amount. VesselsValue counts a total of 13 vintage cape sales in the age 20 to 25 age group have been sold for further trading since the beginning of the year with sellers mostly Greek and takers often Chinese. One player getting rich on betting on continued growth is Lila Global, which stands out with four deals, two purchases, and two sales. Its latest purchase is fresh, adding the 22-year-old Glovis Ambition from the Korean account Glovis. A price tag of $14.2m has been attached to this deal.

ACQUISITION ALERT! Believe International acquires remaining 40% stake in DMC from Dogan Holding Doğan Holding, Turkish conglomerate, has sold its 40% stake in Doğan Music Company to its partner Believe International, a France-based listed digital music company, for a consideration of EUR 38m, as per a press report (below). Established in 2005, Believe first invested in DMC in 2020, acquiring 60% stake. The deal is pending regulatory approval. On the other hand, Dogan Holding acquired 75% stake in Doku Madencilik from Kurmel Holding A.Ş., a Turkish mining conglomerate and from its subsidiary Ortadoğu Otomotiv, for a consideration of USD 13.5m, as per public disclosure platform announcement. Dogan also acquired 75% stake in Gumustas Madencilik from the same companies for a consideration of USD 123m. https://lnkd.in/djPq2UCK

GBP_CHF I see a setup (set and forget) for Alfonco setup location and we see a nested zone and good arrival-to-demand zone as good momentum for the arrive-to-touch demand zone I think good to enter BUY and also buy pound for the target supply zone and adjust the profit (TP) to the supply level #BUY #4H #SET_AND_FORGET #ALFONCO #SWING_TRADER

I am extremely happy that we finally found a good new home for Pivatic when the Ursviken Group and Vaski Group signed yesterday the SPA of Pivatic Oy. With this acquisition Vaski Group Oy expands its operations and targets to robust growth in coming years together with Pivatic Oy. This combination is a merger of equals where both Vaski and Pivatic has recently achieved a record order backlog total of over €22 million together. After the purchase, the combined sales will exceed €25 million and 100 staff. Vaski significantly enhances its coil-fed systems business with Pivatic's focus on coil- and blank fed punching, bending, shearing and system integrations for sheet metal processing. Vaski's bus bar and special machines systems support the growth and offer customers and our sales representatives wider solution range to offer in the market. Last three years has been extremely tough in our industry and we have been facing hard times with Covid travelling restrictions as we export over 95% and was effecting on sales, installations and services abroad. After start of war in Ukraine, problems with steel and components supply chain and container logistics as well as rapidly growing materials and subcontracting costs effecting profitability and latest the raise of interest rates and slow down of the growth of European countries GDP which both has effect on our industry and customers readiness to invest. Both Vaski and Pivatic has been able to overcome these challenges and our current order backlog is a significant achievement and evidence of good work done over the last three years in both companies. Our customers are already looking towards the next growth cycle which we believe will be starting during this year. Now begins the next step for all of us in Vaski Group when we start next week to find synergies in sales and marketing, distribution network, engineering and R&D, purchasing and manufacturing and customer support. It will be interesting journey for all of us! Read the whole press release on our website: https://lnkd.in/dX3JvfkR #pivatic #vaski #ursvikengroup #acquisition #sheetmetal #sheetmetalfabrication

🔹 When teamwork extends (or should we better say – #widens?) across the Baltics 🔹 This time, with our joint pan-Baltic WIDEN forces, we assisted Jacquet Metals in selling its Baltic subsidiaries to Rulonas UAB. It’s true to say that both parties of the deal are heavyweight players in the market: ⚪ Jacquet Metals is a European leader in the made-to-measure transformation and distribution of special metals; while ⤵  ⚪ Rulonas UAB is one of the largest suppliers of stainless steel and aluminum in the Baltic region. So, you guessed it right: the deal was multi-layered and complex. A busy ride to navigate for the team – multiple stages to manage ensuring the legal compliance across all the three jurisdictions, also making the process smooth and effective for everyone involved. The best reward: a successful arrival at the finish with both parties celebrating. Cheers to the deal! #Kudos to our pan-Baltic team: Haroldas Kupstas and Lina Siksniute-Vaitiekuniene from WIDEN Legal Lithuania (the leading navigators of the process), Janis Esenvalds and Anna Losāne from WIDEN Legal Latvia, and Kristi Sild, Margus Reiland and Martin Nikolajev from WIDEN Legal Estonia. More about the deal: https://lnkd.in/gAV2V63F

Malaysia's used machinery scene is booming, and BidMyAsset auction house is your gateway to these deals. Unsure where to start? Do your homework! Define your machinery needs, research fair market value, and study BidMyAsset's listings closely. If possible, inspect the equipment personally, checking for damage, functionality, and service history. Craft a bidding strategy with a budget and incremental increases. Remember, winning the bid is just the beginning - factor in transport, installation, and maintenance. With BidMyAsset and these tips, you can navigate Malaysian machinery auctions with confidence and find the perfect equipment for less. #secondhand #newlife #BidMyAsset #preloved