Category

2018 Newsletter week 30

Jul 26
0

FINANCE

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Nationalized Shipyard In Saint-Nazaire Gets Its Historic Name Back

Shipyard STX France in Saint-Nazaire, has been renamed “Chantiers de l’Atlantique”. On 11 July the yard was nationalized by the French State, after it acquired all the shares from the Koreans. However, that is for a short time only. The distribution of shares is coming into the next phase, which will look like this.

  • France (State) 84.3%
  • Naval Group 11.7%
  • COFIPME local enterprises 1.6%
  • Employees 2.4%

In a final phase, expected to be reached before the end of the year, Italian shipbuilding group Fincantieri will become majority shareholder as soon as all authorisations have been obtained.

Since many years this yard is focussing mainly on cruise ships.

Jul 26
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CTMA Project To Replace The Veteran Ferries Is Still Not Progressed Far

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C.T.M.A. is the shipping operator serving the Iles de la Madeleine archipelago in the Gulf of St. Lawrence, Canada. The company has two ferries, the 1973-built CTMA VACANCIER and the 1972-built CTMA VOYAGEUR.

In May Minister Philippe Couillard promised financial support from the Government, for the construction of a new ferry.

In an interview with ICI Radio Canada, Mr Germain Chevarie, Member of Parliament for Îles-de-la-Madeleine, says CAD 50 million will be invested by the Québec Government, but the total cost of the project is unknown.

Source: Sympatico / ICI Radio Canada (in French)
Jul 26
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SHORT NEWS

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MOBY ZAZA had to be towed to the port of Genoa on 15 July, after an engine breakdown. The ship was put into the local shipyard. Instead, MOBY NIKI was withdrawn from her Piombino –Portoferraio route to take her place on Genoa-Bastia.

Jul 26
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VIDEO

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Former Sealink Ferry Looks Brand New

Detroit World Logistic Maritime has posted a video on their LinkedIn page, showing the final renovations on veteran ferry LE RIF, built as GALLOWAY PRINCESS in 1980.

The question is: when will the ferry finally leave Naples to re-enter service?

Watch the video on LinkedIn (LinkedIn account might be required)

Link to LinkedIn video