Change in Shareholding at Lisnave

Friday, October 22, 2004
There has been change in the shareholding at Portugal’s Lisnave following discussions between Germany’s German Industrial Group (GIG) and Portugal’s Estudos e Projectos Navais SA (Navivessel). The original agreement between these two companies included the possibility, if certain conditions and events were met, that GIG would acquire an additional stake of 40% of Lisnave’s share capital, thus obtaining control of the company. However, it has been decided that GIG would not increase its existing share capital and that Navivessel would acquire the 20% share capital acquired by GIG during 2002. The strategic partnership between GIG and Lisnave, which is linked with the execution of counter-trade measures, within the frame of the programme for the acquisition of submarines for the Portuguese Navy and the tightening of the commercial relations between the several entities involved, will continue. The strategic participation and the shareholder relationship with Germany’s ThyssenKrupp Werften, which holds 20% of Lisnave’s share capital, remains unchanged. Meanwhile, the new vessels arrived this week include, the 150,875 dwt tanker Sifnos, owned by Kyklades Maritime Corp, the 45,219 dwt tanker Midnight Sun, owned by MOL Tankship Management, the 99,450 dwt tanker Zeus, owned by Hanseatic Shipping and Egon Oldendoorff OHG’s 18,297 dwt bulk carrier Anna Oldendorff.
Maritime Reporter October 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Navigation

Findland Fairway Due Law

Based on the Finland Ministry of Transport and Communication’s maritime strategy, the Finnish parliament has announced a final and lawful decision on the new

DNV GL “Modification Excellence Award” for Schiffahrt

Classification society DNV GL recognised that E.R. Schiffahrt has retrofitted seven ultra large container vessels to meet the highest energy efficiency standards

MSC Approves SOLAS Amendments

SOLAS amendments to make IGF Code mandatory approved by Maritime Safety Committee   The International Maritime Organization’s (IMO) Maritime Safety Committee (MSC),

Finance

Asia VLCC Rates Could Could Climb Even More

Owners see rates climb by nearly $22,000 per day; Rates could peak as more tonnage comes free. Rates for very large crude carriers (VLCCs) on key Asian routes

New Players in Singapore Markets in OW's Absence

The downfall of a leading marine fuel supplier that prompted sellers to tighten credit terms in Singapore is skewing the post-OW Bunker jostle for market share

Asian Airlines Pause Before Hedging on Fuel

Oil fell to four-year low of $72 on Thursday; Airlines hope the price will slip below $70 a barrel. Airlines in Asia-Pacific are holding off from hedging their

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Port Authority Salvage Ship Electronics Ship Simulators 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: 0.0980 sec (10 req/sec)