BV to Acquire Majority Shareholding in Germanischer Lloyd

Tuesday, November 14, 2006
Bureau Veritas has made an offer to all Germanischer Lloyd shareholders to acquire their shares. Once completed, the proposed alliance will create the global leader in ship classification. The worldwide headquarters of the new division combining Germanischer Lloyd and Bureau Veritas marine activities will be based in Hamburg. The Bureau Veritas offer results from various discussions held with major shareholders of Germanischer Lloyd in the past, and from independent market analysis that shows the economic potential of a combined Germanischer Lloyd and Bureau Veritas. The offer was handed over on November 9, 2006, to Germanischer Lloyd shareholders. The combined marine divisions of Bureau Veritas and Germanischer Lloyd would have over 13,000 vessels in class around the world, and a market share of 16 per cent in tonnage and 26 per cent in number of vessels. The planned alliance would become the world’s number one market operator in terms of the numbers of classified vessels, orders in hand, and turnover. The new marine division combining Bureau Veritas and Germanischer Lloyd marine activities would be managed from Hamburg, where its worldwide headquarters would be located, and where Bureau Veritas has had a presence since 1850.

Maritime Today

The Maritime Industry's original and most viewed E-News Service

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


DNV GL Approval for DSIC's LNG-fuelled VLCC Design

DNV GL has presented Dalian Shipbuilding Industry Company Limited (DSIC) with an Approval in Principle (AiP) certificate for a new LNG-fuelled very large crude

USN Issues Full Funding for LCS "Cooperstown"

As part of the Littoral Combat Ship (LCS), the US Navy has awarded to the consortium which includes Fincantieri, through its subsidiary Fincantieri Marinette Marine (FMM),

Wärtsilä Strengthens Its Position in China with New Propulsion Orders

Two new marine geological research vessels under construction in China will feature a broad scope of Wärtsilä engines and propulsion equipment. Wärtsilä has maintained

Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Salvage Ship Electronics Ship Repair 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: 0.1077 sec (9 req/sec)