Genting HK Orders 10 Cruise Ships Worth $4 bln
Genting Hong Kong, a unit of Malaysia's gaming giant Genting, is building 10 cruise ships worth 3.5 billion euros ($4 billion) in anticipation of higher demand from the Chinese market. Genting has signed an order for 10 ships with the Lloyd Werft Group, comprising two mega cruise ships for Star Cruises and eight vessels for Crystal Cruises. "We are focused on delivering a world-class vacation experience for Chinese cruise passengers," said Genting and Genting Hong Kong Chairman Lim Kok Thay.
Genting Completes Purchase of 3 shipyards
Genting Hong Kong, announced the completion of the acquisition of Nordic Yards’ three shipyards in Wismar, Warnemunde and Stralsund, Germany for the consideration of 230.6 million Euros. The deal will give Genting Hong Kong the core expertise, manpower, fabrication capacity and covered drydocks to build a global cruise fleet for its three brands - Crystal Cruises, The World Most Awarded Luxury Cruise Line ; Dream Cruises, Asia’s Most Luxury Cruise Line; and, Star Cruises, Asia’s Leading Cruise Line.
Genting Hong Kong Acquires Nordic Yards
Cruise ship operator Genting Hong Kong Ltd is buying three shipyards in Wismar, Warnemünde and Stralsund respectively owned by German shipbuilding company Nordic Yards for $358 million to further enable its presence in the sector. The purchase from Nordic Yard is expected to be funded by internal resources of the group, it said in a filing to the Hong Kong Stock Exchange. The purchase of the three shipyards, along with Lloyd Werft last year, enables Genting Hong Kong to realize its global cruise ships fleet strategy over the next decade for its three brands - Crystal…
Shipyard Takeover in Northern Germany
An investor has been found in Malaysia’s Genting Group to enable the continued existence of the three shipyards in Wismar, Rostock and Stralsund. The takeover contract was signed in Hamburg on Tuesday this week. In the weeks following the conclusion of the applicable checks by the authorities, the takeover will become final and business operations will be transferred to the Genting Group. At the start of the year Genting, a major cooperation with worldwide operations, acquired all the shares in Bremerhaven’s Lloyd Werft. The result is a group consisting of four shipyards in Northern Germany.
Iran, S. Korea Pact for Shipbuilding
Iran has finalised a deal with South Korea to launch a joint shipbuilding venture between the two countries, IRNA reported. The venture will be established between Iran Shipbuilding and Offshore Industries Complex Company (ISOICO) and Hyundai. ISOICO managing director Hamid Rezaian revealed that the related consultations as well as key agreements for the move have already been taken care of, and the company will work over the development of the seventh generation of ships with Hyundai. He added that marketing and taking advantage of joint markets would be on the agenda of the two companies.
Nordic Yards Names Aly Managing Director
Dr.-Ing. Herbert Aly has been appointed as the new Chairman of the Board of Management of the Nordic Yards Group. He succeeds Dr. Vitaly Yusufov, who will preserve his links with the company as a member. The appointment of Dr.-Ing. Aly strengthens the top management of the Nordic Yards shipyard group and moves the focus specifically on to high-margin areas of business. "We will further develop our know-how and expertise to deliver best quality, adherence to program and acceptable prices," Dr.-Ing. Herbert Aly said.
Nordic Yards Delivers 'Wind Server'
Nordic Yards officially handed over the offshore service vessel to the Danish company DBB Jack-Up Services A/S. During the handover ceremony, the ship was named ‘WIND SERVER’. The facilities with which the ‘WIND SERVER’ is equipped have been optimised to meet the current requirements of the offshore wind market. For example, the on-board crane of the 80 m long and 32 m wide ship has a lifting height of just under 100 m and a lifting capacity of 400 t. With its four 75 m long jack…
Ship Takes Shape at Nordic Yards
At Nordic Yards a 390-ton section of a new wind turbine service jack-up vessel was laid down in the Wismar dock today as scheduled, marking a milestone in the building of the 80 x 32 m ship. The vessel was ordered last year by the Danish company DBB Jack-Up Services for the purpose of servicing offshore wind farms. "We are delighted to be witnessing this major step in the construction of our offshore vessel together with Nordic Yards today", said Thorsten Jalk, CEO at DBB Jack-Up Services.
LNG Cargo Handling Under Arctic Conditions R&D
Nordic Yards sets up a new test track as a 'cooling zone' to test 3 models of the yard's own-design LNG cargo tanks. A new test track has been inaugurated at the Warnemünde location of Nordic Yards. The cooling zone is being used to test three models, so-called mock-ups, developed as part of the POLAR Alliance. These models, all of which are Nordic Yards' own designs on a scale of 1:1, represent an LNG cargo handling system, but are being tested independently of one another for reasons of precision.
NSR Rescue & Salvage Ship Contracts for Nordic Yards
Nordic Yards in Wismar and Warnemünde, Germany, contracted to build two ice-breaking rescue & salvage ships for Russia. The vessels for the Russian Ministry of Transport, will operate on the Northern Sea Route (NSR) in the Arctic, namely in the region of Murmansk, and in Sakhalin. The vessels will be used for patrols and rescue operations in offshore oil and gas fields. They are highly specialised, have a complex level of equipment and are designed for searching for and rescuing ships in distress, evacuating people and providing them with medical care.
Wind Turbine Service Jack-up Order for Nordic Yards
Northern Germany's Nordic Yards contracted by Denmark's DBB Jack-up Services to construct a Wind Turbine Service Jack Up Vessel (WTSJUV). The production of the vessel will be carried out at the yards in Rostock-Warnemünde and Wismar and will take approximately one year. Start of construction is planned for spring 2013, delivery scheduled for spring 2014. Additionally, there is an option for the construction of two more vessels. This special vessel commissioned from Nordic Yards will be used for servicing offshore wind turbines and is able to work under the most challenging conditions.