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

People & Company News

Info-X Invests in $5m Headquarter Expansion

Transportation solutions provider capitalizes on outsourcing trend Info-X Software Technology, provider of software solutions and back-office support to U.S.

Daihatsu Joins ClassNK Research Project

Classification society ClassNK announced that it will embark on a joint research project together with Daihatsu Diesel Mfg. Co., Ltd. Through the partnership, ClassNK

Ecospeed Fuel and Cost Saving Solutions at SMM

Ecospeed announced it will exhibit its line of fuel and cost saving solutions at SMM in Hamburg. Ecospeed and fuel savings Routine in-water cleaning results

Education/Training

USCG Shares Safety Tips for Labor Day, Riverfest

Labor Day weekend marks the unofficial end of the boating season and is known as one of the busiest recreational boating weekends on the Ohio River. With approximately 2,

March on Stress Assesses MPHRP's care

Professor Neil Greenberg of March on Stress at the Institute of Psychiatry, King's College London, visited the Philippines to assess the competencies of mental

Crane Operator Alert: Certification Requirement

Although OSHA Stakeholders have voted to extend the final deadline in four different meetings, the deadline has not been officially extended by US Government agency OSHA as of yet,

 
 
Maritime Standards Naval Architecture Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Repair Ship Simulators Sonar
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: 0.0995 sec (10 req/sec)