Thyssenkrupp Marine Systems, a leading global system supplier for submarines and surface vessels, has received a service order worth around €40 million from the Peruvian naval shipyard SIMA. A key component of the order is the provision of consulting during the planning and realization of extensive modernization work on four HDW 209/1200 class submarines over a period of seven years. Among other things thyssenkrupp Marine Systems will perform engineering and technical services such as cutting and welding on the submarines and will make specialists available to provide local support. Andreas Burmester, CEO of thyssenkrupp Marine Systems: "We are pleased to be continuing our cooperation with the Peruvian navy. We have consistently expanded our service business over the years to be a reliable partner to our customers over the entire life cycle of naval vessels and submarines. This order shows we are on the right track." The four submarines – named Angamos, Antofagasta, Pisagua and Chipana – were built in the early 1980s at the thyssenkrupp Marine Systems shipyard (at that time HDW – Howaldtswerke-Deutsche Werft GmbH) in Kiel and have been used by the Peruvian navy ever since, forming the backbone of the Peruvian submarine fleet.
Greece received three bids for the sale of a majority stake in Hellenic (Skaramanga) Shipyards, one of 10 privatizations the development ministry has planned for 2001. "We have three bids, but one bid has no letter of guarantee. It's important that we have two bids that are good. They are what we were expecting," Deputy Development Minister Alekos Kalafatis said. Germany's biggest shipyard Howaldtswerke-Deutsche Werft AG (HDW)-Ferrostaal AG and Greece's Neorion Shipyards subsidiary Elefsina
Winners of the Lloyd’s List-SMM 2002 Awards for innovation in shipbuilding and marine technology were announced in the Hamburg Congress Centre last night (September 24) at a gala ceremony which brought day one of the world’s biggest maritime fair to a glittering conclusion. Several hundred leading industry figures gathered for the final stage of an initiative launched in March by Lloyd’s List and SMM organisers Hamburg Messe to recognise the technical advances which enable maritime
Nine companies expressed interest in the privatization of Hellenic Shipyards at Skaramanga, part of the country's privatization agenda for 2001, the development ministry reported. The government's advisers on the project will shortlist bidders in the next 15 days and then ask for binding bids for the shipyard, whose major shareholders are ETBA Bank and workers. The ministry expects the project to be concluded by June.
On July 2, 2009, a contract was signed in Ankara by Howaldtswerke-Deutsche Werft GmbH (HDW), a company of ThyssenKrupp Marine Systems AG (TKMS), and MarineForce International LLP (MFI) for the construction of six submarines within the Turkish “New Type Submarine” program. The contract comprises the delivery of six material packages for the construction of submarines based on Class 214. The contract was concluded between the HDW/MFI Consortium and the Turkish
Paragon Shipping Inc. has sold one of its newbuilding Kamsarmax contracts and has also entered into agreements to acquire two 3,400 TEU newly built containerships from their builder Howardtwerke-Deutsche Werft, GmbH, Germany at a price of $49m. The container vessels are scheduled to be delivered to Paragon between July and August, 2010. “We have taken advantage of favorable conditions in the sale and purchase markets to sell one of our Kamsarmax newbuilding contracts and also to acquire
Deutsche Banc Alex.Brown said on Thursday that it had started coverage of Trico Marine Services Inc., an energy services provider, with a strong buy rating and a $20-a-share price target. Trico shares closed at $16-1/16 on Wednesday. Deutsche Banc Alex Brown analysts said shares could rise from earnings leverage due to offshore oil rig use in the Gulf of Mexico and the North Sea, expanded deep-water markets of West Africa and Brazil, a projected earnings recovery
The latest surveillance, defence and security equipment is presented by the 60 exhibitors at MS&D 2009, the international conference and exhibition on Maritime Security & Defence (MS&D), to be held at the Hamburg Fair site from 30 September to 2 October 2009. The exhibits include sophisticated optical and acoustic sensors, which have substantially improved the automated monitoring and control technology of security and defence equipment and systems
Germany's family-owned Meyer Werft shipyard is buying the Finnish state out of Turku shipyard in southwestern Finland, the government said on Wednesday. Meyer Werft and the government last year bought the troubled shipyard from Korean trade and ship corporation STX, with the change of ownership helping the yard to win several orders. The price Meyer Werft is paying Finland for the 30 percent stake it does not already own was not disclosed.
Hapag-Lloyd would become a member of the SDAX index of the Deutsche Börse, with its first day of trading on March 21, announced Deutsche Börse. The SDAX is a German Blue Chip Equity Index and contains 50 companies listed in the Prime Segment of Deutsche Börse which follow the 30 DAX and the 50 MDAX companies with regard to free float market capitalisation and order book turnover.
German shipyard Meyer Werft has awarded ALMACO Group the newbuilding contract for provision stores and fast thawing chambers for the next ship generation of AIDA Cruises, which are expected to be delivered end of 2018 and 2021.
ALMACO said it has been contracted to build the catering areas onboard the first newbuild ship for Saga Cruises at Meyer Werft shipyard in Germany. The vessel is expected to be delivered in summer of 2019, with the option to order a second with expected delivery in 2021.
Workers at Greece's second-biggest port, Thessaloniki Port, will walk off their job for a few hours on Wednesday to protest the port's sale, a key condition of the country's international bailout. The sale was launched in 2014 but has been plagued by delays and political resistance
Three foreign investors have bid for the majority stake in Greece's Thessaloniki Port, reports Reuters. Phillipines-based International Container Terminal Services (ICTS), Dubai-based P&O Steam Navigation Company (DP World) and German private equity Deutsche Invest Equity
German shipping bank DVB confirmed it will seek a capital increase after saying on Monday it expects an even bigger than forecast net loss in 2016. Reuters reported last week that DVB, which is owned by DZ Bank, was preparing a capital increase due to losses taken on bad loans.
The Deutsche Schiffahrts-Agentur (DSA) has been operating an office in Munich since October 2016, meaning it is now represented in four German cities. In addition to the new office in Munich, there are locations in Dusseldorf, Frankfurt am Main, and Stuttgart.
Cruising on pleasure boats goes back a long way on the large lakes of Central Europe. There has been a so-called White Fleet in Switzerland for more than 175 years. Now, the Lake Lucerne Navigation Company’s (SGV) latest generation of passenger boats has the countenance of a superyacht
The Egyptian Navy has officially received its first Type-209/1400 submarine at the German city of Kiel to support the naval troops, says the government sources. ThyssenKrupp Marine Systems (TKMS) has formally handed over the first two of four Type 209/1400 mod diesel-electric
Tanker carrier Scorpio Tankers has landed a loan deal for USD 172 million. The money will finance 60 percent of eight new MR product tankers which are currently under construction in South Korea. The company said in a press release that it has received commitments for a loan
Scorpio Tankers Inc. announced today that the Company has received commitments for a loan facility of up to $172 million from a group of financial institutions including Macquarie Bank Limited (London Branch), DekaBank Deutsche Girozentrale ("DekaBank")
The collapsing maritime shipping industry is stoking another European banking headache, this time in economic powerhouse Germany, says a report in WSJ. While the Commerzbank, Germany’s second largest bank, reported earnings
German shipbuilder MEYER WERFT held a steel cutting ceremony on February 21 in Papenburg marking the ceremonial start of construction for the newest cruise liner for Rostock-based cruise company AIDA Cruises. The new cruise ship will be the world’s first capable of operating completely on
The 168,800 gt cruise ship Norwegian Joy currently being built by MEYER WERFT is scheduled to float out of the builder’s covered building dock II on March 4, 2017, pending weather conditions. With the 324-meter-long, 41.4-meter-long-wide ship being berthed at the yard's pier
Norwegian Cruise Line’s first cruise ship custom designed for China has been floated out of Meyer Werft’s covered building dock II on March 4 in Papenburg, Germany, where the 168,800-gross-ton ship has been under construction since September 2015
Maritime Reporter & Engineering News recently visited Finnish shipbuilding giant Meyer Turku, whose sights are set on building bigger. It is safe to say that when shipbuilding commenced in the town of Turku, Finland in 1737, the company building wooden boats at the time could not have