• 2016 August 15 11:31

    Palfinger Marine GmbH has decided not to complete the acquisition of TTS Group ASA

    Palfinger Marine GmbH has decided not to complete the planned acquisition of TTS Group, TTS Group ASA said in its press release.

    One of the closing conditions of the acquisition was that Palfinger Marine GmbH had to get acceptances for at least 90 per cent of the TTS shares on a fully diluted basis. At the expiry of the acceptance period at 16:30 on 12th August 2016 this condition was not fulfilled.

    Shareholders that have accepted the offer are released from their acceptances, and the same applies to bondholders that have entered into separate undertakings towards Palfinger.

    - We are surprised that the transaction will not be completed. We will now fully concentrate our energy on execute executing our stand-alone strategy. Short term focus will be on operational efficiency, says Toril Eidesvik, CEO of TTS Group.

    Being one of the top three suppliers worldwide in its specialized market segments – with a particularly strong foothold in a Chinese market that accounts for 40 per cent of global shipbuilding – TTS is well positioned for future growth. The company will continue to pursue with full strength its market strategy to provide complete package solutions for main players within the industry.

    - This means that the strategic process which was announced 12th February 2015 has come to an end. In the coming months, we will focus on refining our strategy and action plans for 2017 and beyond. Our fully committed TTS colleagues possess unique competence and knowledge and I am sure that they will do their very best to fulfill TTS Group’s potential. The world economy indicates some rough seas ahead, which makes it even more important than ever to focus on good work processes and efficient value chains, says Eidesvik.




2018 April 23

18:06 World’s largest short sea Ro-Ro vessel MV Celine christened at Dublin Port
17:52 Digital Ship’s Maritime Big Data Forum will be held on 29 May 2018 in Oslo
17:36 Ocean Rig announces agreement to postpone delivery of newbuilding drillship Ocean Rig Santorini
17:20 Construction of Bagayevsky hydrosystem begins in Rostov Region (photo)
17:05 ITF urges Hutchison Ports to improve global health and safety operations
16:35 Polskie LNG conduct a technical dialogue on extension of LNG Terminal in Świnoujście
16:29 Rosmorport’s icebreakers assisted over 5,700 vessels in freezing seaports of Russia this winter navigation season
16:05 Hapag-Lloyd plans 20 percent reduction in CO2 emissions by 2020
15:55 Azerbaijan Caspian Shipping Company to provide additional scholarships for students
15:33 TransContainer’s net profit in QI’2018 increased by 19.5% Y-o-Y to RUB 1.479 million
15:04 M.v. Tucana delivers fibre optic cable baskets from Drammen (Norway)
14:47 Port of Gdansk (Poland) throughput up 44% to 12.7 million tonnes in January-March 2018
14:31 Average wholesale prices for М-100 HFO in RF spot market up to RUB 13,542 per tonne
14:10 ICTSI PNG units ink union agreements
13:59 MOL сrude oil tanker rescues a castaway in the South China Sea
13:39 Container barge transport to become more efficient in the port of Antwerp
12:48 Cargo transportation by Ukraine’s water transport fell by 7.3% to 0.7 million tonnes in 3M’18
11:46 Vistula Maersk makes a maiden call to St. Petersburg, as first in series of new ice-class vessels
11:13 2 icebreaker escort operations performed in eastern part of Gulf of Finland during 24 hours on April 22-23
10:51 Training ship Perekop completes unofficial visit to Republic of Sri Lanka
10:25 Brent Crude futures price down 0.04% to $74.03, Light Sweet Crude – down 0.13% to $68.31
10:04 Workshop on IMO's ISPS Code held in Mexico
09:40 Training on ship air pollution and low carbon measures held in Tehran
09:17 Baltic Dry Index up to 1,281 points

2018 April 22

15:33 Port of Rotterdam Authority to realise tide pools along Calandkanaal
15:32 British Ports Association raise border facilities' concerns with PM
15:31 Hapag-Lloyd to revise the Fuel Surcharge for Inland Haulage under Carrier arrangement from Germany to Belgium and Netherlands
15:30 JAXPORT names Interim Chief Financial Officer
15:28 Seaspan announces senior management change

2018 April 21

15:06 MV Thuringia makes maiden CI3 service call at Chennai International Terminals
15:04 Diana Shipping announces time charter contract for m/v Arethusa with Glencore
15:00 Gothenburg Port Authority publishes Sustainability Report for 2017
14:47 Wärtsilä welcomes global shipping’s agreement to cut greenhouse gas emissions
14:45 Vopak to invest in new storage capacity at its Rotterdam terminal

2018 April 20

18:15 Yaroslavsky Shipyard launches yet another boom-laying boat (photo)
18:03 CMA CGM announces FAK rates from Asia to Middle East Gulf
17:47 President of Cyprus visits IMO
17:29 NOVATEK’s AGM approves 2017 dividends
17:03 SEA\LNG reiterates LNG’s central role in meeting IMO’s decarbonisation goals
16:40 SCF Group’s financing deal with VTB Bank recognized by Marine Money as a Deal of The Year
16:03 CMA CGM announces an agreement to acquire a stake in CEVA
15:36 Nuclear-powered submarine Severodvinsk passed control check for winter training period
15:03 MEPC 72: Proposal to mandate ISO sulphur test methods to be discussed further
14:40 Krasnoye Sormovo shipyard launches Russia’s first dry cargo carrier of Project RSD59 (photo)
14:24 HELCOM group meets in Berlin to focus on reducing land-based pollution affecting the Baltic Sea
13:38 WMU supports IMO climate change strategy for shipping
13:02 Panama Canal transits three LNG vessels in one day
12:43 Konecranes Gottwald Mobile Harbor Crane to handle bulk materials in Rotterdam
11:49 2 icebreaker escort operations performed in eastern part of Gulf of Finland during 24 hours on April 19-20
11:26 "Safety Day" held for Azerbaijan Caspian Shipping Company management
11:02 Navigation on rivers and canals of Saint-Petersburg opens from April 20
10:38 Azerbaijan Caspian Shipping Company and Russian Maritime Register of Shipping discuss cooperation
10:13 Brent Crude futures price down 0.26% to $73.59, Light Sweet Crude – down 0.31% to $68.08
09:55 Marine Technics supplied a set of engines to refit gensets of vessels operating on the Yenisei river
09:34 Bunker prices are going up at the Port of Saint-Petersburg, Russia (graph)
09:16 Baltic Dry Index up to 1,201 points
08:07 Chairman of IACS pinpoints three key themes of the Association's strategy for the future
07:45 The Fjords takes delivery of groundbreaking zero emission vessel Future of The Fjords

2018 April 19

19:00 Okskaya Sudoverf launches lead shallow-draft tank barge of Project ROB20, Belmax 1 (photo)
18:05 Vroon's MPI Napoleon commences Baltic-Sea charter