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 Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

Decade Old India Shipping Summit Makes History

In ten years, India Shipping Summit held consistently in Mumbai, has sailed on a robust growth course despite the worldwide witnessing recessionary waves buffeting any endeavors to grow and gain.

COSCO Delivers Bulker

The Board of Directors of COSCO Corporation (Singapore) Limited announced that COSCO (Dalian) Shipyard Co., Ltd a subsidiary of the Company's 51% owned COSCO Shipyard Group Co.

Navy to Commission Submarine North Dakota

The Navy will commission its newest attack submarine North Dakota, during a ceremony Saturday, Oct. 25, 2014, at Submarine Base New London in Groton, Connecticut.

 
 
Naval Architecture Navigation Offshore Oil Pod Propulsion Port Authority Ship Electronics Ship Simulators Shipbuilding / Vessel Construction 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: 0.1110 sec (9 req/sec)