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 Shipyards submitted binding bids, he said. An expression of continued interest, without a letter of guarantee, came from France's Constructions Mecaniques de Normandie (CMN). Kalafatis told an Athens radio station that sale advisers Alpha Finance were expected to issue their recommendation to the ministry on July 25. "(The advisers) will have evaluated the two offers and conclude on the final proposal, which of the two is stronger," he said. The actual transfer of shares will take about two months, he added. - (Reuters)
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
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.
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
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
After more than two years of development and successful performance trials at Howaldswerke-Deutsche Werft AG in Kiel, the Siemens-Schottel Propulsor (SSP) consortium was granted approval for the new SSP marine propulsion system. Classification society Det Norske Veritas was responsible for technical acceptance of the propulsion system for worldwide service. The SSP is the result of a successful cooperation between two German marine industry stalwarts
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
Disney Cruise Line took possession of its newest ship – Disney Dream – from the Meyer Werft shipyard in a traditional maritime ceremony aboard the ship in Bremerhaven, Germany. The Meyer Werft flag was lowered, while the Disney Cruise Line flag was raised, transferring ownership from the shipbuilder to Disney. The milestone closes the book on the ship’s construction journey, which began nearly two years ago in Papenburg, Germany
ABB has won orders worth $60 million to deliver complete electrical power plant and propulsion systems for two new vessels for Star Cruises operated by Genting HongKong and to be built by Meyer Werft at its shipyard in Papenburg, Germany. The orders were booked during 2014. ABB will supply complete electrical systems for the new vessels, including power generation and distribution systems and thruster motors, as well as its latest-generation Azipod XO propulsion system
ALMACO informs it has been contracted to deliver food handling products for the Royal Caribbean International’s Ovation of the Seas, the third Quantum-class ship scheduled for delivery during the second quarter of 2016. The contracts, awarded by Meyer Werft shipyard in Papenburg
Azipod XO propulsion units will power two new vessels that Meyer Werft will build for Norwegian Cruise Line. ABB has been awarded a contract worth $60 million to deliver Azipod propulsion and power systems to two Norwegian Cruise Line vessels
The new General Manager for Egypt is Dr Hans-Hermann Ecke, who is responsible for the business of the Egyptian subsidiary of DEA Deutsche Erdoel AG based in Cairo since the beginning of March. “I am looking forward to the upcoming tasks in Egypt
Carnival Corporation enters into strategic partnerships to add nine cruise ships to its fleet over a four-year period starting in 2019; shipbuilders Fincantieri and Meyer Werft to each build next-generation cruise ships for Carnival Corporation through two separate, long-term partnerships
ThyssenKrupp and Seafort Advisors GmbH have entered into an agreement on the sale of the Emder Werft und Dockbetriebe shipyard in Emden. ThyssenKrupp began looking into alternative strategic options for the company at the end of 2013 as part of the group's strategic way forward
Euronav NV announced the commencement of its underwritten initial public offering in the United States of 13,550,000 ordinary shares. The company will grant the underwriters a 30-day option to purchase additional ordinary shares representing up to 15% of the offered shares.
Euronav NV announced today the upsizing and pricing of its initial public offering in the United States. The size of the offering has been increased from the initially announced 13,550,000 ordinary shares to 16,260,000 ordinary shares at an issue price per share of USD 12
DB Schenker Logistics and Maersk Line have signed a six-year strategic agreement on reducing CO2 emissions from ocean freight. The partnership emphasizes the companies' shared commitment to sustainable growth, says a press release by DB Schenker.
It is only after some time following traumatic events that mental health complications may surface. Assessment immediately after such events would most probably show signs of the common and perfectly normal after effects of extraordinary life events.
In honor of World Cancer Day, Holland America Line announced that to date, the guests and employees of the company have raised more than $4.3 million for cancer support through “On Deck” programming that began in 2006. Currently
The first piece of steel was cut at MEYER WERFT in Papenburg, Germany for the construction of the first ship with the construction number S. 711 for Asian operator Star Cruises. Tan Sri Lim, Chairman of Star Cruises, pushed the button of the plasma torch as the first plate of steel was
The latest cruise ship under construction - Anthem of the Seas - will leave building dock II of Meyer Werft shipyard in Northwestern Germany on February 21. The 168.600-gt cruise ship Anthem of the Seas, one of the largest cruise ship in the world
Drilling contractor Hercules Offshore Inc's shares fell as much as 33 percent to a record low on Friday, a day after Deutsche Bank cut its price target on the company's stock to $0. State-owned oil company Saudi Aramco terminated its contract for one of Hercules Offshore rigs on
Lord John Browne heads DEA's supervisory board * LetterOne co-owners Fridman, Khan also join * Unit changes name to DEA Deutsche Erdoel AG FRANKFURT, March 3 (Reuters) - DEA, the oil and gas company that German utility RWE sold to Russian billionaire Mikhail Fridman
Ensco plc announced today that it has commenced a cash tender offer to purchase any and all of its outstanding 3.25% Senior Notes due 2016 (CUSIP No. 29358QAB5). The tender offer is being made pursuant to an Offer to Purchase dated today and a related Letter of Transmittal and Notice of