Star, Carnival Oust NCL Board, Appoint Lund

Friday, February 04, 2000
Star Cruises and Carnival Corp. tightened their grip on NCL Holding today (Feb. 4) by ousting the board and appointing Norwegian lawyer Ole Lund as the new chairman. Lund, who is also chairman of state oil firm Statoil, will head a new six-strong board for NCL. Star and Carnival now control about two thirds of NCL stock under a joint 35 crowns per share offer valuing NCL stock at about $1.1 billion. In addition, the two companies will assume NCL debts of about $800 million. NCL's outgoing board on Feb. 3 gave up efforts to encourage further bids and urged shareholders to accept the 35 crowns offer. It had rejected 35 crowns as too low when Star first launched its takeover bid in December.
Maritime Reporter October 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

EU Regs on Ship CO2 Reporting Complicates IMO Agreement

ICS Concerned that EU will Preempt IMO CO2 Negotiations.   The global trade association for shipowners – the International Chamber of Shipping (ICS) – is disappointed

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

 
 
Maritime Careers / Shipboard Positions Maritime Standards Navigation Pod Propulsion Salvage Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction 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: 0.1031 sec (10 req/sec)