Aker Yards and Alstom Complete Transaction

Thursday, June 01, 2006
Aker Yards and ALSTOM announced on January 4 the intention to join forces in shipbuilding. The transaction was concluded during a signature ceremony in Paris May 31. Reference is made to the company disclosure dated January 4 in respect of the establishment of a new company consisting of ALSTOM's shipyards in Saint-Nazaire and Lorient. All the necessary approvals from authorities have now been received, and all other conditions have been lifted. In connection with the closing of the transaction the new company has received a committed offer of 550m Euro in construction financing to finish its current backlog of cruise ships. The financing is underwritten by a syndicate of four international banks. A new company with the name Aker Yards SA has been established to which Chantiers de l'Atlantique will transfer its employees, assets and cruise ships contracts. Aker Yards SA consists of the shipyards in Saint-Nazaire and Lorient, and will be a part of the Cruise & Ferries business area in Aker Yards. Aker Yards owns 75 % of Aker Yards SA, and ALSTOM the remaining 25 % until 2010. Mr Jacques Hardelay will take over as Managing Director of Aker Yards SA from June 1st. Mr Hardelay is currently holding the position as Chief Operating Officer at Chantiers de l' Atlantique. Mr Hardelay will report to Mr Yrjö Julin, the President of Cruise & Ferries business area in Aker Yards. Aker Yards now has 15 yards in 6 countries, and more than 16 000 employees.
Maritime Reporter November 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Madsen to Chair Norway’s Research Council Executive Board

Henrik O. Madsen appointed chairman of the executive board of the Research Council of Norway   DNV GL president and CEO Henrik O. Madsen was appointed as chairman

Port of Houston Expecting Record Year

The Port of Houston Authority is expecting 2014 to close as a banner year for the port, with 34 million tons of cargo handled through November, Executive Director

Hapag-Lloyd Completes CSAV Merger Capital Increase

Hapag-Lloyd completed the planned capital increase of EUR 370 million (approximately $452.5 million) as part of the business combination with the Chilean shipping

Navy

Damen Outfitting First of Nine Bahamas Patrol Boats

The first of nine Damen Stan Patrol 3007s ordered by the Royal Bahamas Defense Force has arrived at Damen Shipyards Gorinchem in the Netherlands for outfitting.

US Navy: Tortuga Allision Costs CO, XO Their Jobs

USS Tortuga's (LSD 46) Commanding Officer, Cmdr. Thomas Goudreau and Executive Officer, Cmdr. John Fleming, were relieved of their duties Dec. 16, due to loss of

Japan Gains Edge in Australia Submarine Deal

Australia and Japan appear to be inching closer to an agreement on the sale the top-secret technology from Japan to build a fleet of new generation submarines.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Navigation Offshore Oil Pod Propulsion Port Authority Salvage Ship Repair Ship Simulators Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.2067 sec (5 req/sec)