Marine Link
Monday, July 23, 2018

Amf News

Roller Executive VP Colfax Americas

Photo courtesy Sabatino Day

Colfax Corporation (NYSE: CFX), a provider of fluid-handling solutions for critical applications, announced that William E. Roller has been promoted to executive vice president of Colfax Americas. He was most recently senior vice president and general manager of Colfax Americas. In his expanded role, he is responsible for the company’s operations in the Americas, as well as its global oil & gas and Colfax Defense Solutions organizations. His duties also include expanding the two-screw pump business and driving global sourcing. Roller joined Colfax in 1999, as general manager of Imo Pump.

Total Acquires Direct Energie

Image: Total

Total and Direct Energie announce the completion of the acquisition today by Total of 73.04% of the share capital of Direct Energie, for 42 euros per share, representing approximately 1.4 billion euros. This acquisition, which is subsequent to the satisfaction of all conditions precedent referred to in the agreements executed on April 17, 2018 with Direct Energie’s main shareholders, was followed today by the filing by Total of a mandatory tender offer for the shares in Direct Energie which are not yet held by Total, at the same price of 42 euros per share.

Technip Files Financial Report with AMF

Technip - a project management, engineering and construction company serving the energy industry - has filed his First Half 2011 Financial Report with the French “Autorité des Marchés Financiers” (AMF). The document, filed today, is available on Technip’s website: www.technip.com under: Investor relations/Regulatory Filings (AMF).

New Tugboats Serve Petroleos de Venezuela

The first high-specification tugboats featuring ComAp InteliGen NT Marine equipment are now in full operation providing South American oil company Petroleos de Venezula (PDVSA) with fully owned assets capable of quick response to firefighting operations and maneuvering tankers at Venezuelan oil terminals. Previous to the Venezuelan general strike of 2002-2003, PDVSA had a fully leased fleet, leaving it vulnerable in the crude oil loading and unloading operations. As a result the Venezuelan government decided to acquire its own tugboat fleet from Cuba…

Total to Acquire Saft Group

Courtesy Total

Total and Saft announced today that, following the signature of an agreement between the companies, Total filed a friendly tender offer on all of the issued and outstanding shares in the capital of Saft with the French Financial Markets Authority (Autorité des Marchés(“AMF”)). The proposed offer will target all of Saft’s issued and outstanding shares at a price of €36.50 per share, ex-dividend of €0.85 per share, valuing Saft’s equity at €950 million. The offer price represents a 38.3% premium above Saft’s closing share price of €26.40 on May 6…

Eurotunnel Sells Ships to Danish DFDS Group

Image: MyFerryLink

Eurotunnel reluctantly sold to its subsidiary, the Calais-to-Dover ferry business, MyFerryLink the Danish DFDS, the competitor of the Channel Tunnel reports Le Monde. The company is a forced seller of the service because of antitrust action. It said it had wanted to sell the business to a workers' cooperative, SCOP SeaFrance, rather than to DFDS. "The group, regretting that SeaFrance SCOP did not have the necessary support to make a takeover offer, ads engaging accept the tender submitted by DFDS for leasing ships Berlioz and Rodin," the group said in a statement.

Technip Acquires Control of Cybernétix

Technip entered into an agreement with Gilles MICHEL, his holding Askoad Conseil, Comex SA and Sercel Holding, for the acquisition of all of their interests in Cybernétix S.A., representing approximately 45.7% of Cybernétix’s share capital, at an aggregate purchase price of approximately 14.1 million euros. Signing of this agreement follows today's positive opinion of Cybernétix Works' Council in relation to Technip’s acquisition of the entire interests of  Cybernétix reference shareholders, as announced in the press release of November 4, 2011. The purchase price is 19 euros per share for each of the four blocks. In accordance with the General Regulations of the French Autorité des marchés financiers (AMF)…

Rescue Boat Ordered for Taranaki Coast Guard

Rescue Craft by AMF: Credit AMF

New Zealand's AMF Boatbuilding Co. commissioned to build $1.2M Coast Guard Vessel. Taranaki Volunteer Coast Guard, after 4 years of fundraising, have commissioned AMF Boat Company to build their 11.7M Rescue craft. Construction of the vessel is to be constructed in the Wanganui factory and is due to start in the coming weeks, with completion later in the year. This is the second 11.7M RIB built by AMF for Coast Guard, with the first being based at Hawkes Bay and operating successfully for the last three years.

Jaccar Proposes Bid for Bourbon Shares

Bourbon has been informed of a proposed bid for its shares at a price of 24 euros per share, announced March 16, 2014 by its main shareholder, Jaccar Holdings. This offer is conditional upon obtaining 50.1% of the capital and bank financing. The offer would allow Jaccar Holdings to strengthen its position in Bourbon’s share capital and provide liquidity to shareholders. Jaccar Holdings has indicated that they do not intend to implement a squeeze-out following the completion of this offer. The proposed offer will be filed with the financial market authorities and the terms of the Offer will be subject to the discretion of the AMF. The…

Alstom To Reflect On Its Future Until Wednesday

Alstom

French engineering firm Alstom said on Sunday it would continue to reflect on its future until Wednesday and that it had requested trading in its shares remain suspended until then. The statement from the company follows news of an offer from U.S. giant General Electric to buy its power arm, and of a potential alternative proposal from German group Siemens . The French government also intervened on Sunday to express concerns about jobs and other issues of national interest. The turbine and train maker's statement did not mention any of these issues…

Siemens And France Weigh In As GE Eyes Alstom Deal - Update

Siemens and the French government intervened in General Electric's plan to buy the power arm of Alstom on Sunday with an alternative European "champions" tie-up proposal and a pledge to act inFrance's national interest. Though French trains-to-turbines maker Alstom is privately owned, firebrand Economy Minister Arnaud Montebourg issued a stark reminder of the influence the government holds over a company that relies heavily on orders from state rail operator SNCF and partly state-owned utility EDF. "GE and Alstom have their calendar, which is that of shareholders, but the French government has its own, which is that of economic sovereignty," Montebourg said in a statement, providing the first official confirmation of GE's offer.

FMC and Technip to Complete Merger in January

Image:  FMC Technologies

USA subsea equipment firm FMC Technologies and French engineering company Technip have jointly announced that they expect their merger to be formally complete by January 16. Houston-based FMC and Paris-based Technip will form a new entity called TechnipFMC. Their planned amalgamation was first announced in May. The parties also announced the filing of a Delaware certificate of merger pursuant to which FMC Technologies and a subsidiary of TechnipFMC will merge effective immediately after the merger between Technip and TechnipFMC on January 16…

Maritime Reporter Magazine Cover Jul 2018 - Marine Communications Edition

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News