Marine link
 

HOWALDTSWERKE-DEUTSCHE WERFT

Three Vie To Buy Shipyard

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)


Nine Companies Bid for Hellenic Shipyards

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.


Industry Pays Tribute to Innovation Awards Winners

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


Trico Marine Rated As Strong Buy

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


Six New Subs for Turkey

214_Sumarine web.jpg

    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 Moves on Containerships

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


SSP Pod Approved For Service

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


MS&D 2009 Hamburg

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


Meyer Werft Delivers Disney Dream

(Photo courtesy of www.disneycruisenews.com)

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


Meyer Werft Buys Finland out of Turku Shipyard

Photo: Meyer Turku

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.


Anthem of the Seas Officially Delivered to RCL

 Royal Caribbean’s 2nd Quantum Class cruise ship, Anthem of the Seas, was officially delivered to the cruise line by Meyer Werft in a signing ceremony in Bremerhaven, Germany.   Royal Caribbean Cruises chairman and CEO Richard Fain officially received the 16-deck-high vessel from


Meyer Acquires Turku Shipyard

Turku shipyard

  The Meyer family, operating the shipbuilding company Meyer Werft in Germany, and the Finnish State acquired Turku shipyard from STX Europe in September 2014. Meyer Werft took up 70 percent of the shares, and the State of Finland purchased 30 percent of the share capital through the Finnish


Dubai's DP World Eyes Dollar Bond

DP World, one of the world's biggest port operators, wants to issue a dollar-denominated bond and could announce plans to market the deal to fixed-income investors as soon as next week, three sources aware of the matter said on Thursday. The Dubai-based firm could raise between $750 million and


The German Shipbuilding Rebound

Tamsen Shipyard, Rostock: Minehunting vessels  “Herten” and “Homburg” at Tamsen Shipyard.

German shipbuilding has made a significant turnaround. The country’s shipbuilding industry has seen increases in the number of employees, orders and deliveries compared to 2013, according to the German Shipbuilding and Ocean Industries Association (VSM).


Hercules Offshore Shares Fall 33%

  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


Former BP Boss Browne is DEA Chairman

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 Announces Cash Tender Offer

Ensco plc is a global provider of offshore drilling services to the petroleum industry

  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


Food Handling Products Ordered for Ovation of the Seas

Sister ship to Ovation of the Seas, pictured is the Anthem of the Seas under construction at the Meyer Werft shipyard in Papenburg, Germany. (Photo courtesy of Michael Wessels)

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


ABB Wins $60m Repeat Azipod Order

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


Ecke is GM of DEA Egypt

Dr Hans-Hermann Ecke

  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 to Add Nine Ships to Cruise Fleet

1280px-Carnival.svg.png

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  


Powerful Submarines Join Israel’s Navy

The new Tanin (Crocodile) submarine en route to Israel from Germany. Image by Israel Defense Forces

 The Israel Navy’s fourth submarine, the ISS Tanin (Crocodile), is expected to become fully operational in a few weeks and participate in naval operations.   The nuclear-capable submarine boasts an array of sophisticated weaponry


VIKING LifeCraft Presented at IMO

    The VIKING LifeCraft (Image courtesy of VIKING)

  This week, VIKING Life-Saving Equipment took a step towards gaining approval for the VIKING LifeCraft, its alternative life-saving appliance (LSA) for passenger ships.   The concept was presented to the International Maritime Organization’s Sub-Committee on Ships Systems and


Hurricane-Strength Winds Batter European Ports, Traffic

Hurricane-force winds lashed parts of northern Europe on Tuesday, including Germany and the Netherlands, causing flights to be cancelled, snarling some train services and hitting port traffic. The Dutch meteorological office issued a code red warning for the low-lying country's northern and


Anthem of the Seas Delivered to Royal Caribbean

Anthem of the Seas (Image: Royal Caribbean)

Royal Caribbean International took delivery of its 23rd ship, Anthem of the Seas.   Royal Caribbean Cruises Ltd.’s Chairman and CEO Richard D. Fain officially received the new ship from Meyer Werft Yard’s Managing Partner Bernard Meyer in a signing ceremony held in Bremerhaven






 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright