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

People & Company News

5th Floating Accommodation for Lerwick

A further accommodation ship, Ocean Atlantic, is due at Lerwick on Monday 27 April 2015 and is on its way from Portland in Dorset. As with the other floating accommodation at the port,

Double Order for Super Gloria Reachstacker

Kalmar, part of Cargotec, has gained an order for two Super Gloria reachstackers from Tadarsa Logistics S.L. in Aviles, Spain. The largest reachstackers ever built,

BIMCO Welcomes EU Decision on Migrants

BIMCO has stated today that it appreciates the new efforts by EU leaders to reduce increasing reliance on merchant shipping to rescue the growing numbers of

Education/Training

BHP Billiton Commemorates the Anzac Legacy

On the 100th anniversary of the Anzacs’ landing at Gallipoli, BHP Billiton has honoured the contribution of serving Australians and New Zealanders past and present

Salvage and Wreck Removal Conference

HINODE Events and Services Pvt Ltd., have announced the 4th Annual Conference on Salvage and Wreck Removal in India to be held on Wednesday, July 8, 2015 at Visakhapatnam on India's East Coast.

IMO Joins UN Climate Change Learning Partnership

The International maritime Oranization (IMO) reports it has joined the United Nations One UN Climate Change Learning Partnership (UN CC:Learn).   IMO now enters

 
 
Maritime Security Naval Architecture Navigation Pipelines Salvage Ship Electronics Ship Repair Ship Simulators Sonar 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: 0.1075 sec (9 req/sec)