Thyssenkrupp News

Thyssenkrupp appealed against a decision by the Netherlands last month to award a contract worth billions of euros to build submarines to France's Naval Group, the German company said.Thyssenkrupp Marine Systems (TKMS), the German conglomerate's defence division, filed the objection with the District Court in The Hague in late March, the company said in an e-mailed statement."This measure is a professional business procedure in such publicly tendered major projects and part of the competition - especially in light of the questions that remain unanswered regarding specific evaluation criteria…

Pelagus 3D, a joint venture company of thyssenkrupp and Wilhelmsen, and Doosan Enerbility signed a memorandum of understanding (MoU) to advance the adoption of on-demand additive manufacturing (AM) in Korea’s maritime and offshore industries.The MOU was signed by Kenlip Ong, Chief Executive Officer of Pelagus 3D, and Yongjin Song, Executive Vice President of Strategy & Innovation of Doosan Enerbility, in Singapore at Pelagus 3D’s headquarters.The collaboration brings together Pelagus 3D’s engineering expertise in AM and in-depth maritime knowledge…

Chee Hong Tat, Singapore’s Acting Minister for Transport, announced a record year in 2023 at a Singapore Maritime Foundation New Year Conversations event.The annual vessel arrival tonnage in the Port of Singapore crossed three billion gross tonnage (GT) for the first time, increasing by 9.4% over 2022 and setting a high of 3.09 billion GT in 2023. This reflects growth in all segments, including container ships, dry bulk carriers, liquid bulk and chemical tankers, ferries and specialised vessels…

ABS and Pelagus 3D Pte. Ltd., a joint venture company of thyssenkrupp and Wilhelmsen, signed a memorandum of understanding (MOU) to advance the technologies and adoption of on-demand additive manufacturing (AM) of marine and offshore spare parts.During a three-year term, ABS and Pelagus 3D will collaborate on a variety of initiatives including the incorporation of ABS testing requirements through the Pelagus Platform for AM parts. This project will also support the continued development of industry guidelines and standards for AM…

Wilhelmsen and Thyssenkrupp announced on September 29 their joint venture company, Pelagus 3D, marking the entry of a new player into global maritime and offshore services market."Pelagus 3D envisions to be the largest one-stop, on-demand digital manufacturing partner for the maritime and offshore industries. It uses Additive Manufacturing (AM) or 3D printing to deliver maritime spare parts more efficiently in terms of time and cost, allowing customers to ensure their vessels’ seaworthiness and keep their operations moving on schedule…

Norway and Germany are setting a new standard for allied cooperation by becoming the first countries to build and operate identical submarines.Norway has opened what it claims is the world’s most modern production facility for conventional submarines, and production has started for a modern conventional submarine, the 212CD.Norway’s Minister of Defence Bjørn Arild Gram said the first of the new submarines will be delivered to Norway in 2029. The contracts cover the acquisition…

The German government is considering taking a minority stake in Thyssenkrupp's warship division Thyssenkrupp Marine Systems (TKMS), German Defence Minister Boris Pistorius said during a visit to Kiel on Tuesday.The consideration process would take until the end of the year, Pistorius said, according to a defense ministry spokesperson.Thyssenkrupp is looking for a standalone future for TKMS, which builds submarines and frigates, and has mentioned a listing, partial sale, merger or joint venture as possibilities to reach its goal.Last week, a leading worker representative told Reuters that Berli

Thyssenkrupp should explore a sale of its warship division to peers, in addition to private equity players and a potential stock market listing, according to influential German labor union IG Metall.Leaders should "keep an eye on industrial investors", IG Metall said in a union handout seen by Reuters, adding that while the union remained open for a full or partial sale of the business, options should also include keeping the division.Thyssenkrupp is currently exploring options for Thyssenkrupp Marine Systems (TKMS), which builds submarines and frigates, with scenarios ranging from a possible

Water levels on Germany's Rhine river are so low that some vessels cannot sail even when empty, a shipping cooperative said on Friday, although long-awaited rain has begun to ease bottlenecks on one of the country's main commercial routes.Weeks of drought across Europe and beyond have added to supply chain problems as vessels have had to lighten their loads to ensure they can travel along depleted water channels."Empty ships can no longer sail in some cases," Roberto Spranzi, director of the DTG shipping cooperative that operates about 100 cargo vessels on the Rhine…

Thyssenkrupp's defense division hopes to start building for the German navy from 2024 at a shipyard in Wismar, northern Germany, once owned by insolvent MV Werften, its head said on Friday after it bought the site.Chancellor Olaf Scholz, in a policy shift after decades of attrition of Germany's armed forces, pledged in February after Russia invaded Ukraine to sharply increase defence spending, including an initial 100 billion euro ($106 billion) fund.Thyssenkrupp Chief Executive Martina Merz said last month that decision was "beneficial" to its marine services division (TKMS), which said on Fr

Germany's second-largest defense group Thyssenkrupp Marine Systems (TKMS) wants to play a leading role in consolidating the German and European shipyard industry, its new Chief Executive Officer told German newspaper Welt am Sonntag."If the road to a European giant is still too difficult, a German champion could be formed first," Oliver Burkhard was quoted by the newspaper as saying.Burkhard said a merger, for example, could be formed with smaller German rivals Luerssen and German…

As Europe steps up its military spending after Russia's invasion of Ukraine, Italian shipbuilder Fincantieri expects to expand its defense business, but sees M&A activity halted for now, its top executives said on Thursday.Speaking at an analysts call on 2021 results, Fincantieri CFO Giuseppe Dado said that the group's naval division was poised to grow in the short term thanks to the backlog of orders already secured.In the long-term the naval business, which makes military vessels, could rise to up to 40% of its shipbuilding segment, from a current figure of 31%, Dado said.In 2021 the shipbui

Norway's Aker Clean Hydro and Swiss logistics group Kuehne & Nagel on Friday announced a cooperation to boost carbon-neutral container transport at sea, banking on hydrogen as one of the fuels that will make it possible.The partnership comes as Europe is trying to establish a flourishing hydrogen industry to help CO2-intense sectors, such as steel, construction and transport, cut emissions and wean off fossil fuels.As part of the cooperation, Aker Clean Hydro, which is majority-owned by conglomerate Aker ASA via green technology subsidiary Aker Horizons…

Hyundai Heavy Industries' proposed takeover of rival Daewoo Shipbuilding & Marine Engineering Co Ltd to create the world's biggest shipbuilder was hit with an EU veto on Thursday on concerns that the deal would hurt competition.Hyundai, one of the largest shipbuilders in the world, announced the deal in 2019 in part to tackle overcapacity in the sector.The shipyard, which sought EU antitrust approval for the takeover in November 2019, said it may challenge the EU prohibition and…

South Korean shipbuilder Hyundai Heavy Industries' proposed acquisition of rival Daewoo Shipbuilding & Marine Engineering Co Ltd is set for an EU antitrust veto after the companies declined to offer remedies to allay competition concerns, people familiar with the matter said.Hyundai, one of the largest shipbuilders in the world and which had announced the deal in 2019 in part due to overcapacity in the sector, said on Friday it expected unconditional European Commission clearance for the deal.That is unlikely after an informal offer of remedies…

Kongsberg Maritime's active sonar suite and bottom navigation technology has been selected for installation on Type 212CD class submarines for both the Norwegian and German navies.The contract was awarded through a comparative and thorough process governed by Kongsberg Thyssen Atlas JV (kta naval systems) and tkMS (thyssenKrupp marine systems) with another vendor(s).The Kongsberg technology package consists of SA9510S MKII Mine Avoidance and Navigation Sonars (MANS) plus a Bottom Navigation System (BNS) containing EM2040 MIL multibeam echo sounders and an EA640 echo sounder suite.

Flensburger Schiffbau-Gesellschaft (FSG) has a new Head of Engineering as of March 1, 2021, when Volker Hesse takes over the job. Hesse (47) is a mechanical engineer who began his career around 20 years ago at Blohm & Voss shipyard in Hamburg. Since then, he has held various positions in project management up to and including Head of Product Management at thyssenkrupp Marine Systems’ surface vessel unit. Since 2018, Hesse has been involved in the development and orientation of a consulting company as co-founder and managing partner.

More tie-ups and mergers are needed in the warship industry, the German government said on Monday, adding it would play an active role in consolidation in what remains a fragmented sector shaped by political decisions.Cooperation must be intensified in the industry in northern Europe, Norbert Brackmann, the German government's coordinator for maritime economy issues, told a conference, adding further consolidation was necessary and expected."That's why we have proactively supported talks among the big shipyards that are active in marine shipbuilding…

Thyssenkrupp is in intense discussions with European peers about consolidation in the warship sector, Chief Executive Martina Merz told analysts on Thursday.Thyssenkrupp has said that it is exploring partnerships for its Marine Systems division, which builds frigates and submarines, and Merz said developing the unit as a standalone business within the group was not the most likely scenario.Sources said earlier this year that Thyssenkrupp was in talks with Italy's Fincantieri about a possible tie-up and there is regular speculation about France's Naval Group as a potential partner.

There are many Venture Capital funds helping to drive innovation across industry. theDOCK, co-founded by Hannan Carmeli and Nir Gartzman, is unique in that it is working to connect the ports, shipping and logistics industries with primarily Israeli-based start-ups. We recently interviewed Carmeli for insights on the path and pace of the companies under theDOCK’s guise.Hannan Carmeli, Co-Founder and Managing Partner of theDOCK, freely admits that he always wanted to be a ‘Chief Dreamer,’ a dream fulfilled with the creation of theDOCK in early 2017.

Italy's Fincantieri will sign as prime contractor a contract worth 1.35 billion euros ($1.64 billion) for the construction of two new-generation submarines for the Italian Navy, the shipbuilder said on Friday.The contract, signed together with OCCAR (the international organization for joint armament cooperation) includes an option for the construction of two additional units, a statement said.The project is part of the new U212NFS (Near Future Submarine) acquisition program of the Italian Navy…

Forto has raised $240 million from investors led by Softbank (9984.T), the freight technology startup said on Monday, and will invest in expanding its platform for organizing trade shipments between China and Europe.The five-year-old Berlin firm offers a single platform for managing the journey of a shipping container from origin to destination - a task long handled with pen, paper and post-it notes, said Forto CEO and co-founder Michael Wax.“A shipment from Shanghai to a warehouse in Berlin should not be more difficult than a payment via Paypal or Stripe today…

Norway has agreed to order four submarines from Germany's Thyssenkrupp for 45 billion crowns ($5.3 billion), with Germany agreeing to order another two, the Norwegian defense ministry said on Tuesday.Norway and Germany, both NATO members, are jointly procuring identical submarines from Thyssenkrupp's shipbuilding division.The Norwegian defense ministry said Germany had agreed to order two submarines from Thyssenkrupp, pending approval from the German parliament.The signing of the contract is due this summer…