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Hessenatie News

01 Mar 2002

Hessenatie and Noord Natie Finalize Merger

Yesterday the merger between Hessenatie and Noord Natie was finalized, as planned. The merged company will operate under the name Hesse-Noord Natie; 60 percent of the shares will be owned by CMB and 40 percent by Noord Natie. It is expected that the sale of a majority interest in Hesse-Noord Natie to PSA Corporation (Singapore) will be realized before the end of the first quarter. CMB will maintain a participating interest of 20 percent. Hesse-Noord Natie will operate a total of 22 terminals in the ports of Antwerp and Zeebrugge, including 6 container terminals in the port of Antwerp, and specialized terminals for general cargo goods, sugar, fruits and RoRo.

14 Jun 2000

CMB Teams For Massive Container Handler

Compagnie Maritime Belge (CMB) agreed to merge its port handling unit with rival Noord Natie to form the biggest container handler in the country. CMB's subsidiary Hessenatie and Noord Natie plan to sign a preliminary agreement in the next two weeks and aim to have a done deal by the end of September, Noord President Philip Van Gestel said.

14 Jun 2000

CMB Teams For Massive Container Handler

Compagnie Maritime Belge (CMB) agreed to merge its port handling unit with rival Noord Natie to form the biggest container handler in the country. CMB's subsidiary Hessenatie and Noord Natie plan to sign a preliminary agreement in the next two weeks and aim to have a done deal by the end of September, Noord President Philip Van Gestel said.

06 Dec 2000

CMB Closes Bidding On Its Port Handling Division

Belgian shipping group CMB said on Wednesday it has closed the bidding period for the sale of a stake in the combined operation of its port handling Hessenatie division with peer Noord Natie. "The bidding period is definitely over," the deputy chairman said. He declined to comment on the number of bids submitted or when CMB would make a decision. Earlier, CMB had said that five foreign parties, including Port of Singapore and Eurogate, had expressed an interest in buying a stake in the combined company. CMB shares were 2.44 percent lower at 76 euros ($67.74) in morning trade on Wednesday.

26 Oct 2007

CMB Releases Third Quarter Results

quarter 2007. third quarter. At the end of the third quarter Bocimar expanded its fleet considerably. for 10 Handysize bulk vessels (33,500 dwt) from Samjin Corporation (Korea). of these vessels is scheduled to take place between September 2009 and December 2010. unit from Dalian (China). The delivery of the vessel will take place in June 2009. The prospects for the remainder of the year are good. fully covered at rewarding levels. The current spot freight markets remain historically high. second- hand values of bulk vessels. increase of more than 60%. The contribution of other activities amounts to $15.8m (2006: $5.75m). sale of Fukuoka 1266 (2007-19,700 dwt). ordered by CMB together with Wah Kwong in 2003 and 2004, and sold in early 2006.