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

People & Company News

Lithuania Looks to U.S. for Gas

Lithuanian liquefied natural gas (LNG) importer Litgas has signed a preliminary agreement with a U.S. supplier, looking to lessen the Baltic nation's dependence on Russia.

Petrobras Denies Hiring JPMorgan for License Sales

Petróleo Brasileiro SA denied on Friday that it has hired JPMorgan Chase & Co to handle the sale of oil exploration licenses in deep-sea areas off the coast this year.

Asia-Europe Container Freight Rates Fell 6.5 pct

Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell by 6.5 percent to $938 per 20-foot container (TEU) in the week ended Friday,

Navy

US, Chinese Navies Conduct Joint Exercise

A U.S. Navy littoral combat ship and a Chinese Navy frigate conducted a joint training exercise in the South China Sea.   The U.S. Navy littoral combat ship USS

MCPON Stevens Delivers Congressional Testimony

Master Chief Petty Officer of the Navy (MCPON)(AW/NAC) Michael Stevens testified before Congress Feb. 25. Stevens appeared before the House and Armed Services

US Keen in Maritime Cooperation with India

The US is keen in exploring great opportunities for co-operation on maritime issues with India, Admiral Jonathan Greenert, Chief of Naval Operations told members

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Navigation Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair
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: 0.3951 sec (3 req/sec)