BAE-VT Shipbuilding JV Approved

Wednesday, October 24, 2007
Britain's BAE Systems (BAES.L) and VT Group (VTG.L) won permission from the European Commission on Wednesday to merge their shipbuilding operations, according to a Reuters report. BAE will hold 55 percent and VT the remainder, and the deal will involve BAE selling its 50 percent stake in Flagship Training Ltd to VT for up to $152.6m. The Commission noted that the two companies had not bid against each other in the design or building of a naval surface ship in the past decade, and so there was no problem with the venture. [Source: Reuters]
Maritime Reporter October 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds


Newport News Shipbuilding Converts to Natural Gas

Huntington Ingalls Industries (HII) announced today that its Newport News Shipbuilding division has converted its steam-generation plant from heavy fuel oil, also known as Bunker C,

French President Inaugurates CMA CGM’s New Mega Ship

The CMA CGM Bougainville, the largest containership sailing under French flag, was inaugurated Tuesday by French President François Hollande in Le Havre.   Other

Wärtsilä 31 Engine for Aker ARC 124 Icebreaker

The recently introduced Wärtsilä 31 engine, which has been acknowledged by Guinness World Records as being the world's most efficient four-stroke diesel engine,

Maritime Careers / Shipboard Positions Maritime Security Naval Architecture Navigation Port Authority Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1168 sec (9 req/sec)