GE Capital Invests In Rodriquez Cantieri Navali Spa

Thursday, August 03, 2000
Rodriquez Cantieri Navali SpA and GE Capital, a wholly owned subsidiary of the General Electric Group (GE), have entered into a partnership. Following several months of negotiations GE Capital underwrote an increase in the share capital of Rodriquez. GE Capital's shareholding in the Shipyard is in the range of 26 to 40 percent. The agreement was announced by Gianni Morace, managing director of Rodriquez, during the shareholder's meeting in Messina, Italy - whose objective is to form an IPO in the near future. In addition to GE Capital, the other principal shareholders in Rodriquez are M.R.S. Sviluppo Srl, Ustica Lines SpA and Comecam Srl - all of who participated in a management buyout of the yard in 1997.

Rodriquez Cantieri has also reached an agreement with Astilleros de Huelva for the licensed production of Rodriquez's TMV range of high-speed monohull ferries. With a capacity to build vessels up to 459 ft. (140 m), in one of three newbuilding berths, the yard is strategically located near the Straits of Gibraltar on Spain's southwest Atlantic coast.

Maritime Reporter June 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Grimaldi Orders Three PCTCs

After signing an order for the construction of five new ships two weeks ago, the Italian shipowner  Grimaldi Group has signed another contract for the construction

Caltex Replaces Australian Crew

The 36 Australian crew members of an Caltex tanker refusing to set sail after they were told their jobs would be gone after the next run. MR tanker Alexander Spirit (40,

Teekay LNG Partners Declares Distribution

Teekay GP LLC, the general partner of Teekay LNG Partners L.P. has declared a cash distribution of $0.70 per unit for the quarter ended June 30, 2015. The cash distribution is payable on August 14,

 
 
Maritime Careers / Shipboard Positions Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Salvage Ship Electronics Shipbuilding / Vessel Construction Sonar
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: 0.2137 sec (5 req/sec)