Greece has approved the sale of its main shipyard to Abu Dhabi Mar, a holding company that owns a string of luxury yacht and naval shipyards in Europe and the UAE. The deal will help the UAE company to expand its portfolio of European shipyards, which includes assets in France and Germany, and will see [...]
CMN Shipyard, based in France, the home of excellence and flair for luxury goods, introduces Project 803. This is an exciting venture that provides the opportunity to possess a superyacht, built to a proven formula but awaiting the individual stamp of an owner. Cyril Le Sourd, product manager of CMN, tells the story so far [...]
Shipbuilding group Abu Dhabi MAR is the preferred bidder to buy a majority stake in ThyssenKrupp’s indebted Greek shipbuilding unit Hellenic Shipyards, the Greek defence ministry said. Thyssenkrupp decided to sell HSY earlier this year after a dispute with the Greek government over a lifeline submarine building order left the dockyards strapped of cash. “ThyssenKrupp [...]
A lack of orders had almost sunk the shipbuilding subsidiaries of German steelmaking giant ThyssenKrupp. Now, an investor from Abu Dhabi is buying a large chunk of the operation. German commentators praise the move, but note how the financial crisis has forced Germany to be less picky about foreign investors. Germany’s shipping industry has taken [...]
Abu Dhabi MAR Group, an Abu Dhabi-based international shipbuilding group and ThyssenKrupp Marine Systems, part of ThyssenKrupp, have agreed on a close strategic partnership. Following the acquisition of Nobiskrug Shipyard in Rendsburg, Germany, the envisaged partnership is a further step for Abu Dhabi MAR Group towards creating a world leader in naval and mega-yacht building. [...]
