Merkel, Hollande Say Further Sanctions Against Russia Loom
Germany and France will draw the "appropriate consequences" if the May 25 election in Ukraine does not go ahead as planned, Chancellor Angela Merkel and French President Francois Hollande said in a joint statement issued on Saturday. In their statement, the two leaders said: "If there is not an internationally recognised presidential election, that would lead unavoidably to a further destabilisation of the country. That is a clear reference to the third stage of sanctions, especially economic sanctions against Russia, that European Union leaders agreed on March 6.
Aldubaikhi Named Bahri’s Next CEO
Saudi Arabian maritime transport and logistics company Bahri has appointed Abdullah Aldubaikhi as its new chief executive office. Aldubaikhi’s appointment, which takes effect January 1, 2018, comes as the company gears for a new phase of expansion following several months of growth, according to Bahri chairman, Abdulrahman M. Al-Mofadhi. Aldubaikhi joins Bahri from Saudi Agricultural and Livestock Investment Company (SALIC), where he served as CEO for six years. He previously held senior management roles at several firms, including Afwaf Investment, Awalnet and DowLog Technology Company.
ECSA, UK Chamber Urge Speedy Brexit Trade Negotiations
The European Community Shipowners’ Associations (ECSA), of which the UK Chamber is a member, have sent a letter to the EU’s chief negotiator Michel Barnier, urging the EU for “rapid and positive” progress in trade talks with the UK. The European Council is currently engaged in a key vote on whether the next stage of negotiations will commence. ECSA represents shipowners from both sides of the Channel – organisations that facilitate a sizeable chunk of the €639 billion of trade that flows between the UK and EU annually.
Jackson to Direct Global Marketing at KVH
Elizabeth Jackson has joined KVH Industries, Inc. as chief marketing officer and senior vice president for strategy. Jackson has worked at a variety of companies including Proctor & Gamble, Campbell Soup Company, Summer Infant, and HookLogic, a Bain Capital Ventures portfolio company in ad tech performance marketing. Most recently, Jackson was CMO at DOTS Technology Corp, an NEA portfolio company in health tech. Jackson has a B.A. from Princeton University and an MBA from INSEAD in France.
France Buys into STX Europe
The French Republic became a 33.34 percent shareholder in STX France and its shipyards in Saint-Nazaire and Lorient. STX Europe is a builder of cruise ships and ferries, with a market share of 35 - 40 percent. The company builds cruise ships at its yards in France and Finland. The French yards also have experience with navy vessels. Other shipyards in STX Europe are build specialized offshore vessels. The new agreement between STX Europe and the French Republic is a realization of the memorandum of understanding announced by the two parties on June 12, 2008. The French Republic will acquire the 33.34 percent interest in STX France via an equity investment of $139.7m which is expected to be made on November 7, 2008.
Rohr Dredge Continues European Expansion
Rohr International Dredge Holdings, Inc. announced that it acquired Eurl Rohr France, including its current backlog, inventory and all associated intellectual property (IPR), on July 23, 2014. Rohr France, which is based in Betting, France, was a Rohr licensee and will continue at the same location, operating as a subsidiary of Rohr Bagger GmbH, a subsidiary of Rohr International Dredge Holdings, Inc. Rohr France has been a Rohr distributor and service center for over 10 years for its Land Based and Floating Bucket Ladder dredges, Clamshell dredges and conveyors to the mining industry in France. Eng. Samuel Pichowska will be the new General Manager for Rohr France and comes to Rohr France from Hazemag, a provider of engineering and equipment solutions for the mineral processing industry.
DP World Chairman meets French President at Investment Summit
DP World Group Chairman and CEO HE Sultan Ahmed bin Sulayem recently met the President of France, Francois Hollande and senior government and business leaders at a major investment summit at the Élysée Palace in Paris. France’s attractiveness as an investment location and DP World’s projects in the country were highlights of the discussions which also covered infrastructure development, port centric development, distribution and export hubs, rail freight, customs, and other logistics topics.
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.
France: STX France talks with Fincantieri to Continue
French industry minister Christophe Sirugue said he would meet Italy's Fincantieri in a week's time to discuss its bid for STX France, but added France was still against Fincantieri gaining dominance in the governance of STX France. "Our position is that we do not want Fincantieri to be the sole majority shareholder in the governance of Saint-Nazaire shipyards," Sirugue told Reuters on Friday, speaking on the sidelines of a news conference in Paris. "We continue to work with Fincantieri and we will probably have to meet again in a week's time".
Macron, Gentiloni Discussing STX, Libya, Migration
Italian Prime Minister Paolo Gentiloni received a "friendly" phone call on Thursday from French President Emmanuel Macron to discuss the STX France shipyard, Libya and immigration, Gentiloni's office said. Relations between the two EU allies has been strained this month by a number of issues, including France's decision to block a bid by Italian state-owned shipbuilder Fincantieri to buy a controlling stake in STX France. Rome has also felt slighted by France's diplomatic moves in Libya and annoyed by Macron's refusal to take in migrants who have poured across the Mediterranean into Italy in recent years. Reporting by Crispian Balmer
DP World Eyes France
France is an attractive investment location for DP World’s projects related to infrastructure development, port centric development, distribution and export hubs, rail freight, customs, and other logistics topics, said DP World Group Chairman and CEO Sultan Ahmed bin Sulayem. He has recently met the President of France, Francois Hollande and senior government and business leaders at a major investment summit at the Élysée Palace in Paris. Bin Sulayem outlined DP World's contribution to global trade…
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…
France, Italy Agree on STX Shipyard Ownership Split
The French and Italian governments have agreed on a shared ownership deal of the STX France shipyards, but with a clause giving France the right to take control if needed, Le Monde newspaper reported. Le Monde reported, citing an adviser to French President Emmanuel Macron, that Italian company Fincantieri could get 51 percent ownership, including a 1 percentage point stake lent to it by France, which France could take back. Italian state-owned shipbuilder Fincantieri declined to comment.
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.
MSC Ships Get Bigger
MSC Cruises, the 4th largest cruise line, confirmed the existing STX France options to build an additional two ships in the Meraviglia class. The ships, valued by MSC at $1.7 billion, will be longer and bigger versions of the Meraviglia-class ship, which is scheduled to begin with the 167,600-gross-ton MSC Meraviglia in 2017. MSC now has four firm orders on the books from STX France, plus another three ships at Fincantieri. Furthermore, the two new next-generation ships known as Meraviglia-Plus will feature increased tonnage and overall size…
Antwerp Port Focus on Sustainable Modal Shift
The port of Antwerp is to invest 1.4 million euros over the next three years in projects aimed at making port-generated freight traffic smoother and more efficient. The seven projects that have been selected for financial support will together reduce the number of truck trips by up to 250,000 annually. The Flemish government in turn is building on the Call for Proposals by the Port Authority, and in the next few months it will release a further 1.4 million euros for projects to make transport in and around Antwerp more sustainable.
Fincantieri's STX Bid Approved by S.Korean Court
French state holds 33 pct of STX France; acquisition could boost Fincantieri's position in cruise shipbuilding. A South Korean court approved on Tuesday Italy's Fincantieri as the preferred bidder to buy shipbuilder STX France, helping Fincantieri move closer to a deal that could boost its position in the cruise shipbuilding market. The Seoul court spokesman, who announced the decision on Tuesday, declined to give further details on the situation, while a Fincantieri spokesman also declined to comment. The sale of STX France, which specialises in building cruise ships and is profitable, forms part of the broader sale of businesses from the demise of the South Korean STX shipbuilding group.
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.
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.
Aker Yards Launches Aker Yards Cabins, France
Aker Yards Cabins, France has been launched under the legal name of Aker Yards Cabins SAS. It is part of the cabins business within Aker Yards, Cruise & Ferries including two factories in Finland and one in France. Aker Yards Cabins, Finland has in the last 25 years developed an independent and profitable business of prefabricated cabins serving yards all over Europe. The French unit will benefit from this unique expertise and both units will develop synergies in R&D, design, production, sourcing and human resources.
Strike In France: Implications for Tanker Demand
After the oil industry suffered from a severe drought in Venezuela, forest fires in Canada and rebel attacks on oil installations in Nigeria, it is now facing the consequences of a national strike in France, where members of the trade union CGT have organized strikes at the country’s refineries and blocked oil terminals and fuel depots, says the Tanker Research & Consulting department at Poten & Partners. The situation seems to be worsening as more unions join the CGT and clashes break out between protestors and the police.
France-Russia Warships in the Crossroads
France has to make a crucial decision which will have far-reaching consequences. Whether to deliver two Mistral ships to Russia (which were originally earmarked for the Russian Navy) and face the anger of its NATO allies OR to terminate the Mistral deal, paying a heavy price and further deteriorating its economy. Currently, the biggest problem that France faces is in the form of European dimension - that is the embargo to Russia. France has received an order for two Mistral class amphibious assault ships…
Navis to Deploy Its N4 TOS to France's Largest Container Terminal
Navis has reached an agreement to deploy its N4 terminal operating system (TOS) to the largest container terminal in France, the company announced today. The license agreement was with EUROFOS, operator of France's Mediterranean at Fos-sur-Mer terminal, which operates off the coast of France and handles 600,000 TEUs annually. Over the past three years, EUROFOS has invested 65 million Euros in the modernization and development of Mediterranean at Fos-sur-Mer, readying the terminal for 20 percent anticipated growth in the next five years. Prior to selecting N4, EUROFOS Mediterranean at Fos-sur-Mer relied on an in-house system and outsourced IT support for the TOS. Paraguay's Puerto Caacupe-mi went live with the N4 TOS last month.