New Zealand's AMF Boatbuilding Co. commissioned to build $1.2M Coast Guard Vessel. Taranaki Volunteer Coast Guard, after 4 years of fundraising, have commissioned AMF Boat Company to build their 11.7M Rescue craft. Construction of the vessel is to be constructed in the Wanganui factory and is due to start in the coming weeks, with completion later in the year. This is the second 11.7M RIB built by AMF for Coast Guard, with the first being based at Hawkes Bay and operating successfully for the last three years. These heavy duty vessels, which are assigned design category A according to ISO 12217-1, which states that the vessel will be capable of operating in waves up to 7M in height and in winds up to Beauforce 10, this equates roughly to a sea state greater than 6 on the Douglas Sea State Scale.
Colfax Corporation (NYSE: CFX), a provider of fluid-handling solutions for critical applications, announced that William E. Roller has been promoted to executive vice president of Colfax Americas. He was most recently senior vice president and general manager of Colfax Americas. In his expanded role, he is responsible for the company’s operations in the Americas, as well as its global oil & gas and Colfax Defense Solutions organizations
Technip - a project management, engineering and construction company serving the energy industry - has filed his First Half 2011 Financial Report with the French “Autorité des Marchés Financiers” (AMF). The document, filed today, is available on Technip’s website: www.technip.com under: Investor relations/Regulatory Filings (AMF).
Technip entered into an agreement with Gilles MICHEL, his holding Askoad Conseil, Comex SA and Sercel Holding, for the acquisition of all of their interests in Cybernétix S.A., representing approximately 45.7% of Cybernétix’s share capital, at an aggregate purchase price of approximately 14.1 million euros. Signing of this agreement follows today's positive opinion of Cybernétix Works' Council in relation to Technip’s acquisition of the entire interests of
Bourbon has been informed of a proposed bid for its shares at a price of 24 euros per share, announced March 16, 2014 by its main shareholder, Jaccar Holdings. This offer is conditional upon obtaining 50.1% of the capital and bank financing. The offer would allow Jaccar Holdings to strengthen its position in Bourbon’s share capital and provide liquidity to shareholders. Jaccar Holdings has indicated that they do not intend to implement a squeeze-out following the completion of this
French engineering firm Alstom said on Sunday it would continue to reflect on its future until Wednesday and that it had requested trading in its shares remain suspended until then. The statement from the company follows news of an offer from U.S. giant General Electric to buy its power arm, and of a potential alternative proposal from German group Siemens . The French government also intervened on Sunday to express concerns about jobs and other issues of national interest.
The first high-specification tugboats featuring ComAp InteliGen NT Marine equipment are now in full operation providing South American oil company Petroleos de Venezula (PDVSA) with fully owned assets capable of quick response to firefighting operations and maneuvering tankers at Venezuelan oil terminals. Previous to the Venezuelan general strike of 2002-2003, PDVSA had a fully leased fleet, leaving it vulnerable in the crude oil loading and unloading operations
Siemens and the French government intervened in General Electric's plan to buy the power arm of Alstom on Sunday with an alternative European "champions" tie-up proposal and a pledge to act inFrance's national interest. Though French trains-to-turbines maker Alstom is privately owned, firebrand Economy Minister Arnaud Montebourg issued a stark reminder of the influence the government holds over a company that relies heavily on orders from state rail
Eurotunnel reluctantly sold to its subsidiary, the Calais-to-Dover ferry business, MyFerryLink the Danish DFDS, the competitor of the Channel Tunnel reports Le Monde. The company is a forced seller of the service because of antitrust action. It said it had wanted to sell the business to a workers' cooperative, SCOP SeaFrance, rather than to DFDS. "The group, regretting that SeaFrance SCOP did not have the necessary support to make a takeover offer
Total and Saft announced today that, following the signature of an agreement between the companies, Total filed a friendly tender offer on all of the issued and outstanding shares in the capital of Saft with the French Financial Markets Authority (Autorité des Marchés(“AMF”)). The proposed offer will target all of Saft’s issued and outstanding shares at a price of €36.50 per share, ex-dividend of €0