EC Clears Shipyard Acquisition

Tuesday, March 28, 2006
The European Commission (EC) has cleared the proposed acquisition of the French shipyard Chantiers de l’Atlantique by Aker yards ASA. The main impact of the proposed take-over would be in the market for the construction of large cruise ships (above 30,000 gross tonnes). The market for the construction of such cruise ships is global in scope with the main suppliers situated in Europe. Customers for these large cruise ships are the largest cruise operators. The takeover would make Aker Yards the second largest producer of cruise ships world-wide. The Commission has concluded that the proposed transaction, although it would bring about a further concentration in a market with few suppliers, would not lead to competition concerns. In particular, the merged entity would continue to face competition from existing competitors in the market. Furthermore, there is strong concentration on the buyer side (the large cruise operators), which means that a single customer represents an important part of the overall turnover in this market for the shipyards. The proposed transaction also leads to minor overlaps in the parties activities in other areas such as for the construction of ferries. However, in these areas the merging parties are faced with a large number of strong competitors. The Commission has concluded that no concerns would arise in the ferry or any other market.
Maritime Reporter September 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

NMEA Award for Simrad HALO Pulse Compression Radar

Simrad HALO Pulse Compression Radar has been awarded the Technology Award at the 2015 National Marine Electronics Association (NMEA) Conference and Expo in Baltimore, Md.

Two RAscal 1500 Tugs Delivered

Sanmar Shipyard of Turkey has recently completed two RAscal 1500 tugs for Jordanian owners. The tugs are now delivering marine services to the FSRU berthing

HMAS Melbourne Intercepts 427kg Heroin

HMAS Melbourne’s crew has seized 427 kilograms of heroin hidden in a fishing dhow carrying the illegal drugs across the Indian Ocean. The intercept occurred


MECNW Appoints New CEO

Terry Weston has been confirmed as Chief Executive of Maritime and Engineering College North West (MECNW) following the retirement of his predecessor, Jim Teasdale, at the end of September.

Danelec Marine Expands in Brazil

Press release - Danelec Marine has announced that it is expanding its presence in Brazil by naming Telnav Telecomuniçacões Navais a Certified Service Center. With

Navy Kicks Off Tours with Industry Program

The Navy kicked off a new program Oct. 5, designed to give high performing officers and Sailors experience at large corporations for approximately one year.

Maritime Contracts Maritime Security Naval Architecture Navigation Pipelines Pod Propulsion Port Authority Ship Repair Ship Simulators 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: 0.1701 sec (6 req/sec)