France: "Multiple STX Shareholder" Solution Preferred
France wants a "multiple shareholder" solution to STX France, the shipbuilding company being sold off, French President Francois Hollande said on Tuesday. "We are working with the aim that the state can remain a minority shareholder, we want a multiple shareholder solution," Hollande said, speaking at a news conference held with Italian Prime Minister Paolo Gentiloni. Italian shipbuilder Fincantieri has made a bid for STX France, but France - which owns 33 percent of the company - wants to ensure that the French state remains a key stakeholder in the firm. The head of French state-controlled military shipbuilder DCNS also said last week it was "very likely" that DCNS - in which Thales has a minority stake - would enter into the capital of STX France.
Australia Opens Up Opportunities for UK Shipping
A major investment in new frigates and submarines by the Australian government has created long-term opportunities for UK and European businesses with relevant intellectual property and expertise, said Moore Stephens. This summer the Australian government awarded UK firm BAE Systems a contract to build nine next-generation frigates – known as the ‘Future Frigates’ project – worth A$35 billion, said a research report written by Moore Stephens' Michael Simms & Grant Miles.The programme…
France Supports Fincantieri's STX Bid
Hard to say 'Non' to Italian company's bid, says Sirugue; France keen to keep Saint Nazaire site running. A leading French minister expressed support on Wednesday for a bid by Italy's Fincantieri's for shipbuilder STX France, adding that the government would aim to keep the shipbuilder's main site running at Saint Nazaire. "We said we wanted a European, industrial company ... Fincantieri is a European, industrial company. So it would be hard for us to say 'no' to them," French Industry Minister Christophe Sirugue told RMC Radio. The sale of STX France, which specialises in building cruise ships at the Saint-Nazaire shipyard and is profitable, forms part of a broader sell-off of businesses following the demise of the South Korean STX shipbuilding group.
India Launches Second Scorpene Sub INS Khanderi
India's second Kalvari class Scorpene submarine was launched into water - or 'undocked' - by the Union minister of state for defence Dr Subhash Bhamre at the Mazagon Dock Limited (MDL). The submarine will undergo rigorous tests and trials on the surface and underwater before it is commissioned into the Indian Navy as "INS Khanderi" at the end of the year in December. Admiral Sunil Lanba, Chief of the Naval Staff and a host of other dignitaries witnessed the launch. The submarine is named after a 17th century Maratha island fort.
MoU Centered on Australian Future Submarines
Flinders University and four of France’s leading Graduate Schools of Engineering have entered into an academic and research cooperation agreement relating to Australia’s Future Submarine Program. The agreement between Flinders and a consortium comprised of ENSTA ParisTech, École Centrale de Nantes, CentraleSupélec and École Polytechnique will be signed at a ceremony to be witnessed by South Australia’s Minister for Higher Education and Skills, the Hon Susan Close and the Deputy Chief Executive of DCNS and General Manager of Australia’s Future Submarine Program, Marie-Pierre de Bailliencourt.
GE Powers New Italian Frigate
Federico Martinengo, the seventh multipurpose FREMM frigate recently delivered to the Italian Navy by shipyard Fincantieri, like all 10 ships in the new Carlos Bergamini-class FREMM frigate program, features the power dense GE LM2500+G4 gas turbine in a COmbined Diesel eLectric And Gas turbine (CODLAG) propulsion system.In 2013, Fincantieri delivered the first Italian FREMM, Carlo Bergamini. In addition to the Italian FREMM frigates, DCNS shipyard in Lorient, France, is well underway having delivered six FREMM frigates in a 10-ship program.
Mazagon Docks to Make 3 more Scorpene-Class Subs
Mazagon Dock Shipbuilders Limited has approached the Indian Navy with a repeat order for three Scorpene-class submarines, reports The Hindu Businessline. The leading shipyard of the country has French shipbuilder DCNS as its technology partner for the Scorpene submarines. Like the first six Scorpenes, the three new submarines would also be manufactured at the Mumbai site, and would be equipped with a new anaerobic propulsion system (AIP) developed by the DRDO. The report says that six Scorpene submarines were ordered in 2005…
Gowind 2500: DCNS Creation Passes first Test
DCNS announced the success of the first sea trials of the first-of-class Gowind 2500 corvette under construction in Lorient, France by DCNS. Ten Gowind 2500 corvettes, aimed at supplementing DCNS surface vessel product range, has been ordered so far by international navies. “It is a very important moment for DCNS: the Gowind corvette designed especially for the international market is now sea proven,” said Eric Chaplet, DCNS Marketing Vice-President. “We are very proud to announce that…
Italian Frigate Launched With GE Gas Turbine Propulsion
GE’s Marine Solutions has announced that the seventh multi-purpose Italian FREMM frigate Federico Martinengo, was launched on March 4. The ceremony was held at Fincantieri’s Riva Trigoso shipyard in Genoa, Italy. All of the Italian Navy’s new Carlos Bergamini-class FREMM frigates (10-ship program) feature the same power dense GE LM2500+G4 gas turbine in a COmbined Diesel eLectric And Gas turbine (CODLAG) propulsion system. In addition to the Italian FREMM frigates, the DCNS shipyard in Lorient…
DCNS Delivers Frigate for French Navy
In early April DCNS delivered the FREMM multi-mission frigate Auvergne to the French Navy, the fourth of the series ordered by OCCAR1 on behalf of the DGA (French armament procurement agency). Delivery of the FREMM multi-mission frigate Auvergne is the result of a design and construction process managed by DCNS in close cooperation with the French Navy, DGA and OCCAR teams. “The delivery of the FREMM Auvergne represents an opportunity to applaud the industrial and technological prowess of DCNS and its subcontractors,"said Nicolas Gaspard, director of the FREMM program at DCNS.
DCNS to Build Next French Naval Frigates
DCNS said it has been awarded a contract from the French Defense Ministry for the development and construction of five intermediate-size frigates (FTIs) intended for the French Navy. DCNS will propose a French version of its new BELH@RRA frigate. The first of the five frigates from this French Defense Procurement Agency (DGA)-managed program should be delivered in 2023 with an entry into active service in 2025. The new BELH@RRA frigate will be designed and developed by DCNS, in joint project management with THALES for the development of the new-generation radar it will be equipped with.
France Awards Contract for Frigates Renovation
On May 2, 2017, the French Directorate-General for Armaments (DGA) awarded a contract to renovate three of the five La Fayette-class Frigates (FLF) currently in service with the French Navy to DCNS. Nathalie Smirnov, Head of Services at DCNS, declared, “DCNS thanks the Direction Générale de l'Armement (DGA) for its confidence and welcomes this notification related to the platform and combat system modernization of the La Fayette class frigates. These operations are major and have never been realized so far on this kind of frigate.
Two Frenchmen Investigated over 2002 Malaysia Submarines Deal
Two French former defence industry executives have been placed under preliminary investigation as part of a probe into the 2002 sale of submarines to Malaysia, an official in the French judiciary said on Wednesday. The source said Philippe Japiot and Jean-Paul Perrier, former executives at Thales and DCNS, had been placed under investigation as part of a long-running probe into alleged kickbacks from that Malaysian submarines deal in 2002. Japiot and Perrier deny any wrongdoing, French media reports said. Reuters was unable to immediately reach either individual. Being a target of a preliminary investigation or a formal investigation in France does not necessarily lead to a trial.
France Sees Quick Accord on STX, Sees Naval Deal Taking Longer
France hopes for agreement over the future of the STX France shipyards at a Franco-Italian summit on Sept. 27, but a separate deal on warship co-operation would take longer to negotiate, French Finance Minister Bruno Le Maire said on Thursday. "I would like us to have an agreement between the French and Italian governments on STX for the summit on September 27," Le Maire told reporters after a meeting with suppliers in the aerospace sector. France clashed with Italy in July after ordering a "temporary" nationalisation of STX…
India Launches Third Scorpene Submarine 'Karanj'
The Indian Navy’s third state-of-the-art Scorpene class submarine, INS Karanj, was launched by Reena Lanba, wife of Chief of Naval Staff Admiral Sunil Lanba, , at the Mazagon Dock Shipbuilders Ltd (MDL) in Mumbai. This historic event reaffirms the giant strides taken by MDL in the ongoing ‘Make In India’ programme, which is being actively implemented by the Department of Defence Production (MoD). The new submarine is named after the earlier Kalvari class INS Karanj, which was decommissioned in 2003. The submarine was then towed to Mumbai Port Trust, for separation from the pontoon.
Naval Group Shipbuilding Posts Higher Profit
French shipbuilding and defence company Naval Group, in which Thales owns a 35 percent stake, reported a surge in 2017 profits and expressed confidence over its outlook for 2018. Naval Group, formerly known as DCNS, designs and produces France's submarines and surface ships. The company said on Thursday that its 2017 earnings before interest, tax and amortisation (EBITA) had risen 68.5 percent from a year ago to 172.7 million euros ($211 million). It added it expected further profit growth in 2018. Reporting by Dominique Rodriguez
France to Defend Interests in STX Shipyards
The French government has told South Korea it will oppose any solution for shipbuilder STX France that is against national industrial interests, Industry Minister Christophe Sirugue told Reuters on Thursday on the eve of a deadline for bids. STX France is 66.7 percent owned by failed South Korean shipbuilding group STX. An insolvency court in South Korea ruled last month that the French arm could be sold either separately from the parent, or as part of a bigger sale. Bids are due by Nov.
Four Bids for STX Offshore, STX France Emerge
Four parties have expressed interest in buying one or both of South Korea's STX Offshore & Shipbuilding Co Ltd and a controlling stake in STX France SA, a spokesman for the Seoul court overseeing STX Offshore's receivership said on Friday. The Seoul Central District Court spokesman declined to comment on the names of the parties. The South Korean court in October decided to allow the two units of the collapsed STX shipbuilding group to be sold either separately or together. Initial bids were due on Friday for all of STX Offshore & Shipbuilding Co Ltd and a 66.7 percent stake in STX France SA that is held by STX Europe AS. The four parties that entered non-binding bids in the sale were France's DCNS Group…
Australia, France to Ink DCNS Sub Deal
Australia and France are to sign a deal on Tuesday allowing French naval contractor DCNS to build a new fleet of submarines for Australia, said Australia's defence minister, in a deal worth 50 billion Australian dollars ($36.4 billion). "The contract will set out the legal framework under which Australia and France will partner on the future submarine programme over the coming decades." Australian defence minister Marise Payne told reporters in Sydney on Monday. Earlier this year, DCNS had been left reeling after details from more than 22,000 pages of documents relating to submarines it is building for India were published in The Australian newspaper, sparking concerns about the company's ability to protect sensitive data.
DCNS Australia Opens Adelaide Future Submarine Facility
DCNS Australia celebrated the founding of its Australian headquarters in Keswick, Adelaide, which will be dedicated to delivering the Future Submarine Program. The ceremony was attended by Malcolm Turnbull, Prime Minister of Australia, Minister for Defense Industry, Christopher Pyne MP, Jean-Yves Le Drian, French Minister for Defense and a number of parliamentarians and defense sector figures. “This is an important initial milestone in DCNS’ decades long commitment to the design and construction of 12 regionally superior submarines in Adelaide…
Fincantieri the Sole Bidder for STX France
Italian shipbuilding and construction group Fincantieri SpA is the only bidder for shipping group STX France, a source close to the matter said on Tuesday. The sale of STX France, which specialises in building cruise ships in the western France city of Saint-Nazaire and is profitable, forms part of the broader sale of businesses from the collapsed STX shipbuilding group. A spokesman for a Korean court overseeing the process had said earlier on Tuesday that one bid had been received for the STX France business, without giving a name. A spokesman for the Seoul court overseeing STX Offshore's receivership had said in November that four parties had expressed interest in buying one or both of South Korea's STX Offshore & Shipbuilding Co Ltd and a controlling stake in STX France.
Only One Bidder for STX France
The South Korean court handling the bankruptcy proceedings of STX Offshore & Shipbuilding Co. said that only a single bidder had submitted a binding proposal to buy the shipyard's profitable French unit, says a report by AFP. STX France, which specialises in building cruise ships, is the only profitable unit of STX Offshore, which filed for receivership in May. Italian shipbuilding giant Fincantieri SpA, Netherlands-based Damen Shipyards Group and French state-controlled naval shipbuilder DCNS had initially expressed interest in acquiring STX France, which specialises in building cruise ships.
France May Step in on Shipyard Sale
France may intervene in the sale of the Saint-Nazaire shipyard by bankrupt South Korean shipbuilder STX if the French government's conditions are not met, Industry Minister Christophe Sirugue said. "The government is fully mobilised and will not hesitate to use all of the levers at its disposal," Sirugue told French daily Les Echos in an interview published on Friday. The French state, which owns a third of STX France and its western Saint-Nazaire shipyard, has a right of refusal on the sale of STX Offshore & Shipbuilding's majority stake once a winning bid has been selected…