• 2018 November 17 17:51

    BGC Partners acquires Poten & Partners

    BGC Partners, Inc. (NASDAQ: BGCP) ("BGC Partners," "BGC" or "the Company"), a leading global brokerage and financial technology company, today announced that it has completed the acquisition of Poten & Partners Group, Inc. ("Poten"), a leading ship brokerage, consulting and business intelligence firm specialising in LNG, tanker and LPG markets. Founded over 80 years ago and with 170 employees worldwide, Poten provides its clients with valuable insight into the international oil, gas and shipping markets, BGC said in its news release.

    Under the terms of the agreement, BGC acquired 100% of Poten, which includes operations in New York, London, Singapore, Houston, Athens, Guangzhou and Perth.

    Shaun D. Lynn, President of BGC Partners, commented on today's announcement: "We are excited about this strategic acquisition, which is very complementary to our current commodities offering. The addition of physical LNG, LPG and tanker brokerage, and energy consulting capabilities will allow BGC to expand its operations in the oil, gas and shipping sectors. Poten's access to market intelligence and its highly regarded price reporting and analytical products, including LNG, LPG and Asphalt will also add to our existing energy and commodities suite of market data solutions under Fenics Market Data".

    Poten generated revenues of approximately $60 million in the financial year ended December 31, 2017. The transaction is expected to be immediately accretive. In addition to brokerage, Poten provides value-added services including commercial advisory, technical consulting, project due diligence and multi-client reports.     

    Steven M. Garten, Chairman and CEO of Poten & Partners said: "We are very excited to be part of BGC and feel BGC is uniquely positioned to support us in our next stage of growth. The combination of BGC and Poten will enable us to accelerate this, both organically and through targeted acquisitions."  

    Michael D. Tusiani, Chairman Emeritus of Poten & Partners commented: "This relationship will provide us with an exceptional platform for continued growth in our core business areas and the ability for further expansion. I am happy for our company, employees and clients because of the exciting opportunities it will present".

    Poten will be recorded as part of BGC's energy and commodities business. Further details of the transaction were not disclosed.

    About BGC Partners, Inc.
    BGC Partners is a leading global brokerage and financial technology company. BGC offers Real Estate Services through its publicly traded subsidiary Newmark Group, Inc. (NASDAQ: NMRK) ("Newmark"), a leading full-service commercial real estate services business. BGC's Financial Services offerings include fixed income securities, interest rate swaps, foreign exchange, equities, equity derivatives, credit derivatives, commodities, futures, and structured products. BGC's Financial Services customers include many of the world's largest banks, broker-dealers, investment banks, trading firms, hedge funds, governments, corporations, and investment firms. BGC, BGC Trader, GFI, Fenics, Fenics Market Data, Capitalab, and Lucera are trademarks/service marks and/or registered trademarks/service marks of BGC Partners, Inc. and/or its affiliates. BGC's common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick.




2019 May 19

13:32 Hapag-Lloyd to restructure its Service Portfolio to/from Caribbean, Central America and SAWC
12:14 CMA CGM announces new FAK rates on Asia - North Europe service
11:06 USCG rescues 3 from sinking sailboat off Hatteras Inlet
10:16 PSA’s BMCT and CITPL hold Hyderabad trade meet

2019 May 18

15:12 CMA CGM launches the Reefer Pharma division for the temperature-controlled transportation of pharmaceutical products
14:51 DNO completes USD 400M bond placement
13:02 AAL delivers from China four RTGs to Port of Felixstowe
12:31 USCG deploys containment, collection system at Mississippi Canyon 20 site
11:07 Kotug Smit performs naming ceremony for tug ‘Buffalo’

2019 May 17

18:22 Maersk launches new CLX service, optimized West Coast Latin America - NE network
17:49 Madrid, Spain to host the International Cruise Summit on 27-28 November 2019
17:14 Krasnoye Sormovo delivers Idel-1, sixth ship of Project RSD59 series ordered by STLC
16:40 MPC Capital AG announces key figures for the 1st quarter 2019
16:16 Vyborg Shipyard launches second serial trawler of Project KMT01 built for Arkhangelsk Trawl Fleet
15:58 Leningrad Region presented layout of multimodal transport and logistics center at Bronka port
15:27 Nord Stream 2 AG submitted third permit application and EIA to DEA
15:04 Klaveness Combination Carriers ASA declares two options for the construction of the seventh and eight CLEANBU combination carrier with Jiangsu New Yangzi Shipbuilding
14:49 Marine Rescue Service takes delivery of Bakhtemir, lead ship in a series of four multifunctional salvage tugs of Project MPSV12
14:20 Net profit of Port Vanino for 1Q’19 calculated under RAS grew by 39.8% to RUB 562.34 million
14:03 Damen and De Beers Marine Namibia formalise new relationship, with Mangalia yard centre stage
13:58 IMO held national maritime transport policy training for Saint Kitts and Nevis
13:35 BC Ferries to implement fuel surcharge of 1.5 per cent on June 1 2019
13:21 Bunker prices started going up at the port of Saint-Petersburg, Russia (graph)
13:09 Grimaldi Group's ro/ro vessel Grande Europa was hit by a fire
12:52 PGNiG Group posts over one billion in net profit for the first quarter of 2019
12:30 Maersk Product Tankers completes sale and leaseback agreement
12:09 DEME Offshore awarded major Hornsea Two contract for foundation and turbine installation
11:43 Taganrog Sea Commercial Port handled 323,000 tonnes 1Q’2019
11:30 LR to support the Italian Shipping Community through RO status
11:09 CMA CGM announces General Rate Restoration from Asia to West Africa
10:48 Northern Fleet ASW Severomorsk completed training in Norwegian sea
10:30 MODEC commissioned MAN Energy Solutions to supply a total of six compressor trains for a new FPSO vessel in the Gulf of Mexico
10:09 Secretary General of IMO to outline future of ocean regulations at Nor-Shipping 2019
09:51 Port of Tallinn Group’s revenue in 1Q’19 amounted to EUR 28.5 million, profit to 11.0 million
09:32 Brent Crude futures price is up 0.33% to $72.86, Light Sweet Crude – up 0.45% to $63.15
09:30 ECSA marks the European Maritime Day 2019
09:16 Baltic Dry Index is flat at 1,032 points
08:25 MABUX: Bunker market this morning, May 17

2019 May 16

18:05 RAS net profit of Russian Railways for 1Q’19 up 1.9 times YoY to RUB 17.7 billion
17:50 BPO shares Baltic experience and discusses market trends at Global Liner Shipping
17:27 BIMCO to publish industry’s first offshore decommissioning contract
16:38 LUKOIL drills record breaking wells at D41 in the Baltic Sea
16:16 USCG, FEMA, Cal OES meet to discuss emergency response in San Francisco
15:34 Throughput of Tuapse Sea Commercial Port in 1Q’2019 grew by 8% YoY to 4.2 million tonnes
15:11 Container Terminal Saint-Petersburg handled 202,300 TEUs in 1Q’2019, up 20% YoY
14:49 IAPH World Ports Conference concludes successfully in Guangzhou
14:17 The AEC welcomes new chair, signs MoU with Arctic Council
13:53 Vladivostok Sea Fishing Port handled 93,800 tonnes of cargo in Jan-Apr’19, up 9.6% Y-o-Y
13:30 Rosmorrechflot: Ambal ferry to enter the Baltijsk-Ust-Luga line till the end of the week
13:05 Shipyard De Hoop delivers cruise vessel ‘Celebrity Flora’ to Celebrity Cruises
12:44 Finland to deposit its instrument of accession to HNS Convention after major countries receiving hazardous substances accept it
12:22 Maiden call of Celebrity Edge at the Port of Southampton marked with traditional plaque & key ceremony
12:00 Şadan Kaptanoğlu elected BIMCO President
11:36 Bunker prices show no considerable changes at the Far East ports of Russia (graph)
11:13 Maunu Visuri appointed as President and CEO of Arctia Ltd
11:01 Long Beach Harbor Commission appoints Director of Finance
10:51 Kitack Lim to outline future of ocean regulations at Nor-Shipping 2019
10:28 Coal-free port areas in Andrejsala and Eksportosta to be used for the city
10:11 Jan De Nul launches fourth Ultra-Low Emission vessel
10:07 Brent Crude futures price is up 0.40% to $72.06, Light Sweet Crude – up 0.55% to $62.36