IHC Merwede Poised for Expansion

press release
Tuesday, November 15, 2011

A decision has been made to maintain the current shareholder structure at IHC Merwede. The IHC Merwede Supervisory Board – in addition to all of the current shareholders – is comfortable with the financial strength of the company for the next year.


With the support of JP Morgan and Rabobank M&A, IHC Merwede has carried out extensive research over the past few months into the possibility of broadening the shareholding structure. However, the current situation within the global financial markets has resulted in limited opportunities to achieve this.
 

This means that the current structure will now remain in place for the long term. The IHC Merwede shareholders are: Rabo Capital, which holds 49 per cent; Indofin Group, with 18 per cent; and the management and personnel of IHC Merwede, with 33 per cent. The shareholders are unabated in their commitment to the long-term success of IHC Merwede.
 

IHC Merwede is well equipped for future expansion. Earlier this year, the company secured the financial backing of its underwriting capacity to €1.5billion. This was achieved with the support of an international banking consortium consisting of Rabobank, ING, ABN AMRO, BNP Paribas and Deutsche Bank.
 

This funding provides sufficient capacity for anticipated future growth. In addition, IHC Merwede expects to realise further growth of ten per cent in 2011, with a turnover of €1.1billion, and profits which will at least be equal to those made in 2010.
 

With the support of its shareholders, ample funding and excellent financial results, IHC Merwede will continue to focus on its priorities of growth, internationalisation and innovation. The company will also look to strengthen and broaden its technology portfolio.
 

This will not only benefit its position in existing markets, such as dredging and offshore, but also new markets, including renewable energy and mining. This growth will be achieved autonomously and through acquisitions.
 

President Goof Hamers is therefore extremely positive about the future: “The markets we work within are connected to global trends, such as the availability of energy and other commodities, and the development of infrastructure. IHC Merwede is on track to realise its targets.”

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

People & Company News

San Jacinto College Breaks Ground on New Training Center

San Jacinto College has broken ground along the Port of Houston for its new 45,000-square-foot Maritime Training Center.   At the site of 3700 Old Highway 146 in La Porte,

New Chinese Shipyard Launches First Ship

The new shipyard facility of Honghua Offshore Oil & Gas Equipment Company in Jiangsu, China, has launched its first ship, an IMT982 Platform Supply Vessel. The vessel,

Wärtsilä to Begin Building LNG Terminal in January

Wärtsilä has been given full notice to proceed (NTP) from Manga LNG Oy for the supply of a liquefied natural gas (LNG) import terminal in Tornio, Northern Finland.

Shipbuilding

Liquefaction Terminals to Dominate LNG Capital Expenditure

Capital expenditure (Capex) on global LNG facilities is expected to total $259 billion (bn) over the period 2015-2019, with investments expected to be 88% larger

New Chinese Shipyard Launches First Ship

The new shipyard facility of Honghua Offshore Oil & Gas Equipment Company in Jiangsu, China, has launched its first ship, an IMT982 Platform Supply Vessel. The vessel,

MSC Oscar is the World’s Largest Containership

MSC Oscar, the newest cargo vessel built for Mediterranean Shipping Company (MSC), will launch in January 2015, and at 19,224 teu, the containership will take the record for world’s largest.

Finance

DSG Marine Asks Shipowners to Consider Fixed Premium P&I Cover

P&I Insurance Seminar for Owners and Charterers held in Mumbai DGS Marine, a global P&I management provider and exclusive manager for the British European and Overseas (BE&O) P&I Facility,

Liquefaction Terminals to Dominate LNG Capital Expenditure

Capital expenditure (Capex) on global LNG facilities is expected to total $259 billion (bn) over the period 2015-2019, with investments expected to be 88% larger

EGAS Tenders for as many as 48 LNG Cargoes

Egypt's state-owned gas company EGAS has tendered to buy at least 48 cargoes of liquefied natural gas (LNG) for delivery in 2015/16, three traders said. A senior

 
 
Maritime Contracts Maritime Security Maritime Standards Navigation Pipelines Port Authority Salvage Ship Electronics 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: 0.1759 sec (6 req/sec)