Supreme Group to acquire EMS Seven Seas

Norwegian EMS Seven Seas has postponed its share issuance after US Supreme Group has offered to buy out the company's five biggest shareholders, corresponding to a total of 82.1 percent of the shares.

by DANIEL LOGAN

Major Norwegian supplier EMS Seven Seas saw its revenue decline in the first quarter of the year, to USD 96.8 million from USD 106.1 million in the fourth quarter 2013. The revenue also decreased compared to the same period last year, where the same figure came to USD 101 million, according to EMS Seven Seas' interim report, published today, Monday.

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Supreme Group to acquire EMS Seven Seas

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EMS Seven Seas reduces deficit

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EMS: We benefit from oversupply

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Front page now

Seven Seas: Customers' green ambitions and actions don't align

Venture fund in Singapore wants increased business focus from start-ups

German bank to broker CO2 allowances to shipping customers

Grieg and Peak Group venture orders up to eight new vessels

First US bunkering terminal for LNG is on its way

Russian oil is trading closer to USD 100 than the G-7 price cap

Oil supermajor Saudi Aramco enters LNG

Norway increases support for developing countries' green shipping transition

Oil steady after technical resistance stalled blistering rally

It's time for DHL's new global head of ocean freight to prove he can be number one

Kristian Siem predicts boom in offshore following a decade of hurt

MSC chosen as strategic partner for ailing Spanish rail freight company

Further reading

Media: Sale of DB Schenker enters next phase

It's time for DHL's new global head of ocean freight to prove he can be number one

Seven Seas: Customers' green ambitions and actions don't align

MSC chosen as strategic partner for ailing Spanish rail freight company

Venture fund in Singapore wants increased business focus from start-ups

Grieg and Peak Group venture orders up to eight new vessels

Jobs