Peugeot News

French family-owned shipowner the Louis Dreyfus Armateurs Group (LDA) siad it has reached a deal with partners Groupe Roullier and Peugeot Invest and institutional investors advised by J.P. Morgan Global Alternatives’ Global Transportation Group and the Dubai-based shipowner MUR Shipping BV, for the sale of a fleet of 13 handysize and supramax bulk carriers.The ships will be gradually delivered to their future owner in the coming weeks, LDA said.

Strict EU enforcement of competition rules prevents the development of the global champions necessary to compete with Chinese and U.S. companies, the head of shipping company Maersk warned in an interview."Is it really a good idea that we don't allow the creation of a European global champion? In doing so, we risk being outperformed by a Chinese company, over which the European Union has no influence," Maersk CEO Soren Skou told Danish business daily Finans.A Maersk spokeswoman confirmed his comments to Reuters.Skou is a member of the European Round Table for Industry (ERT)…

Offshore personnel transport provider Bourbon Mobility said it is proposing services inspired by the aviation industry for its customers.The company has called on the expertise of the PEUGEOT Design Lab for the design of new cabins developed in a range of three comfort levels: Business Class, Premium and Eco. Designers created a cabin layout that guarantees optimal safety, VIP comfort seats and ergonomic storage. “We want to establish new standards of comfort for offshore personnel transport inspired by the aviation industry,” said François Lesle, CEO of Bourbon Mobility.

French govt has made 50/50 ownership offer to Italy; Minister says offer on the table until Thursday. The French state said on Wednesday it would nationalise the STX France shipyard if Italy does not accept its offer to split STX's capital equally, putting down a marker on the limits of economic liberalism under new President Emmanuel Macron. The threat raises the stakes in a standoff with Rome over the shipyard's fate, the only one in France with facilities large enough to build aircraft carriers. Economy Minister Bruno Le Maire said nationalisation would give the state more time to find a better shareholder deal, but even if temporary, it would mark the first major state intervention in the corporate world by Macron's government which was elected on a pro-business platform.

PSA Peugeot Citroen is in advanced talks over an Iranian carmaking venture with historic partner Iran Khodro and expects rapid progress following the diplomatic breakthrough lifting sanctions against the country, the French company said. The deal struck between Iran and western powers "should clear the way for significant progress in our discussions", Peugeot Africa and Middle East chief Jean-Christophe Quemard told Reuters on Tuesday in an emailed response. Unlike their existing partnership, under which Iran Khodro re-assembles older Peugeot models made in European plants, the new venture would manufacture cars from scratch using the French group's latest vehicle architectures and engines, Quemard said. "This project will deliver a generational leap," he said.

There’s a new designer in the driving seat at Alu Design. Per Ivar Selvaag, the former Lead Designer at BMW Group and Chief Designer of Peugeot’s concept car division, has signed an agreement with the Kristiansand, Norway-based company to design its marine pilot and operator chairs. In what Alu Design CEO Einar Ulrichsen describes as “a huge coup for the business”, Selvaag and his team at San Francisco-based Montaag have agreed to work on the firm’s molded aluminum chairs on an ongoing project-by-project basis. As part of the deal, Montaag will not design marine chairs for any other manufacturer. “This is an incredible development,” said Ulrichsen.

Inchcape Shipping Services (ISS), a maritime services provider, has received a global award for best agency from EUKOR, a shipping company specializing in car transportation and other rolling cargo. The award for ‘Best in Vessel Operation’ to ISS Philadelphia followed a full supplier evaluation and was awarded for its quality of port captain service, operations, logistics and outstanding contribution to EUKOR. ISS provides agency services for EUKOR across the U.S. Gulf, East Coast and Canada. For the U.S.

British port operator Mersey Docks said more than 300 jobs will be created by two developments at the port of Sheerness on the Isle of Sheppey off the north coast of Kent. It said up to 160 jobs would be created by the construction of a pre-delivery inspection center for imported Peugeot Citroen cars before they are dispatched to showrooms, and a further 150 from the development of a fruit packing plant.