Aker Yards Enters Chem Tanker Market

Friday, June 23, 2006
Aker Yards signed an agreement with Kleven Maritime to acquire Kleven Florø AS, and Kleven Design AS. Both entities are located in Florø, Norway. The acquisition strengthens Aker Yards' Merchant Vessels Business Area by adding a product range of highly specialized chemical tankers, meeting customer demand and new regulatory requirements. The previously announced joint venture with Damen Shipyard Group in Ukraine creates an opportunity for Aker Yards to develop a new highly competitive line of chemical carriers in combination with Kleven tanker know-how. Aker Yards has agreed to acquire Kleven Florø and Kleven Design at a price of $9.5m including debt, based on a working capital of zero. In addition there will be further payments based on performance on existing order backlog and new orders in the coming three years. The order intake part of the payments is capped at $5.7m. Kleven Florø has approximately 300 employees, and there are 30 engineers at Kleven Design. The turnover of Kleven Florø and Kleven Design was $55.3m in 2005. The orderbook today consists of one juice tanker and two chemical tankers at a total value of approximately $205.4m. Kleven Florø and Kleven Design are leading in design and construction of chemical tankers, and have a unique production competence using stainless steel in shipbuilding. By joining Aker Yards, the Kleven Florø yard will capitalize on a long term, and predictable ship hull supply from Aker Yards capacity base in Eastern Europe.
Maritime Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

First Damen ASD 2810 Leaves for Trinidad

First delivery of Damen ASD Tug 2810, ARC Towage signed four contracts total in Barcelona, Spain On July 31, 2013, ARC Towage signed four contracts at the Netherlands

TOTE Finalizes Charter for LNG Containerships

World’s first LNG powered containerships to serve Puerto Rico TOTE, Inc. announced an agreement today between its operating companies TOTE Shipholdings Inc.

MOL, Osaka Gas’s Newbuild LNG Carrier Named

Mitsui O.S.K. Lines, Ltd. (MOL) announced that a naming ceremony for the LNG Venus, a newbuilding liquefied natural gas (LNG) carrier, was held at the Nagasaki Shipyard of Mitsubishi Heavy Industries,

Cruise Ship Trends

Holland America Line's Enticing Offers for Cruise Vacation

Holland America Line is planning special promotions for National Cruise Vacation Week (NCVW), which runs Oct. 6-13, 2014. Organized by Cruise Lines International Association,

MTN Broadband Coverage Expanding

After launching its Terrestrial Broadband Network (TBN) just more than one year ago, MTN Communications (MTN) announces the number of TBN-connected cruise ships

2 Cruise Season Records at Lerwick Harbor

The arrival of the cruise ship Norwegian Star at Lerwick Harbour today (Thursday 25 September) marks the end of the Shetland port's best season yet, with two records achieved.

 
 
Maritime Contracts Maritime Security Maritime Standards Navigation Offshore Oil Pipelines Salvage Ship Repair Sonar 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: 0.4407 sec (2 req/sec)