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

People & Company News

Decade Old India Shipping Summit Makes History

In ten years, India Shipping Summit held consistently in Mumbai, has sailed on a robust growth course despite the worldwide witnessing recessionary waves buffeting any endeavors to grow and gain.

Liebherr to Deliver RTGs to Mayotte and Manila

Liebherr confirms orders for variable speed RTGs and electric RTGs. DPWorld Asian Terminals Inc. has placed an order with Liebherr Container Cranes for a further 5 RTGs at its Manila facility.

U.S. Navy Contracts 12 Rapid Response Skimmers

Kvichak Marine won a US Navy contract for 12 30-ft.Rapid Response Skimmers (RRS) for delivery over the next 18 months, with options for up to 30 additional skimmers to be delivered through 2019.

Shipbuilding

Decade Old India Shipping Summit Makes History

In ten years, India Shipping Summit held consistently in Mumbai, has sailed on a robust growth course despite the worldwide witnessing recessionary waves buffeting any endeavors to grow and gain.

COSCO Delivers Bulker

The Board of Directors of COSCO Corporation (Singapore) Limited announced that COSCO (Dalian) Shipyard Co., Ltd a subsidiary of the Company's 51% owned COSCO Shipyard Group Co.

Navy to Commission Submarine North Dakota

The Navy will commission its newest attack submarine North Dakota, during a ceremony Saturday, Oct. 25, 2014, at Submarine Base New London in Groton, Connecticut.

Finance

Areva-Siemens Raises Claim Over Finnish Reactor Delays

The French-German consortium Areva-Siemens , the supplier of Finland's much-delayed Olkiluoto-3 nuclear reactor, has increased its claim against Finnish utility Teollisuuden Voima (TVO),

Ezra Bags $70m in Offshore Contracts

Ezra Holdings Limited, a leading contractor and provider of integrated offshore solutions to the oil and gas industry, today announced that the Group’s Subsea Services division,

WFW Advises ING Bank on $340m Loan Facility for Euronav

Watson, Farley & Williams (WFW) has advised ING Bank N.V. (ING) as sole bookrunner and facility agent for a syndicate of banks on a $340 million loan facility made available to Euronav NV.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Navigation Offshore Oil Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction
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: 0.2148 sec (5 req/sec)