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2019 Newsletter week 26

Jun 27
0

Closing of MacGregor’s TTS Acquisition Postponed to Q3 2019

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MacGregor, part of Cargotec, announced on 8 February, 2018 that it has entered into an agreement to acquire the marine and offshore businesses of TTS Group ASA. The acquisition is subject to regulatory approvals from the competition authorities in Germany, South Korea and China. MacGregor announced the approval from the German regulator on 6 November 2018 and the approval from the South Korean regulator on 27 December 2018.

MacGregor announced in March that it expected to receive approval from the competition authority in China and close the transaction during Q2 2019. Due to a longer than expected regulatory process in China, the company currently expects closing of the transaction to take place in Q3 2019.

Jun 27
0

IN THE MEDIA

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Brittany Ferries Might Be Interested in Condor Ferries

An internal letter from Brittany Ferries informed its employees that the company might be interested in taking over Condor Ferries, together with a co-investor.
Brittany Ferries would not like to see Condor being taken over by a competitor.
The BF management said it was too early to comment.

Condor Ferries is currently owned by The Australian Macquarie Fund.

Source: Mer et Marine (in French)
Jun 27
0

SHORT NEWS

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  • DFDS’ second Chinese newbuilding TROY SEAWAYS has started to work on the Turkey-Italy service, setting a freight record for the company, by loading 552 units.
  • Wagenborg Shipping confirmed the sale of ro-ro vessels SCHIEBORG and SLINGEBORG to AB DFDS Seaways on 17 June 2019. The vessels have been renamed BELGIA SEAWAYS and GOTHIA SEAWAYS respectively.
Jun 27
0

PHOTOS OF THE WEEK

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Eckerö’s New Acquisition Started to Operate

The FINBO CARGO started service on Tuesday 25 June.

This photo (by Kalle Id) was taken during her first arrival in Vuosaari harbour, at least in commercial service. She did do a berthing test some days earlier.

She sails between Vuosaari (Finland) and Muuga (Estonia). Why Muuga and not the old city harbour in Tallinn. Rumour has it that the port of Tallinn didn’t originally want to make the necessary changes to the Muuga harbour, but the big public outrage of a cargo-oriented ferry coming to the city center made them change their mind.

And in Helsinki, of course, these days harbour fees for trucks are more expensive in the city center harbours than they are in Vuosaari, hence additional capacity in Vuosaari makes sense.