Thursday, January 31, 2013

Boskalis Finances EUR1.3 Billion to Acquire Dockwise

AMSTERDAM–Dutch dredging company Koninklijke Boskalis Westminster NV (BOKA.AE) said Thursday it has closed the debt financing for the intended takeover of Dutch seatransporter Dockwise NV (DOCKW.AE). MAIN FACTS: – Boskalis...

January 31, 2013
Total Views: 4

Tuesday, January 8, 2013

Royal Boskalis Westminster Secures Financing for Dockwise Acquisition

AMSTERDAM–Dredging company Royal Boskalis Westminster NV (BOKA.AE) said Tuesday that it has secured financing for its planned acquisition of sea transportation firm Dockwise Ltd. (DOCKW.AE). MAIN FACTS: – The offer of EUR18.50 per...

January 8, 2013
Total Views: 0

Monday, December 17, 2012
dockwise vanguard
Engineering News

Ship Photo of the Day – Dockwise Vanguard in the HHI Drydock

Launched last month at Hyundai Heavy Industries, the Dockwise Vanguard is the largest heavy lift vessel ever built and is currently undergoing sea trials. While carrying loads in excess of...

December 17, 2012
Total Views: 9

Wednesday, December 12, 2012
dockwise blue marlin
Maritime News

Dockwise Awarded Nearly $60 Million in New Contracts

Dockwise, the Dutch heavy lift operator, has announced that they have been awarded 6 new contracts, letters of intent and contract extensions valued at nearly USD $60 million. The contracts...

December 12, 2012
Total Views: 2

Friday, November 30, 2012
Maritime News

Boskalis: Our Offer is a Fair Valuation

AMSTERDAM (Dow Jones)–Dutch dredging company Koninklijke Boskalis Westminster NV (BOKA.AE) has kept its offer for maritime services company Dockwise (DOCKW.AE) at EUR17.20 per share, or EUR682 million in total, a Boskalis spokesperson said Friday. “We still...

November 30, 2012
Total Views: 0

Thursday, November 29, 2012

Dockwise Says Boskalis Offer is Undervalued

AMSTERDAM–Dutch sea-transporting company Dockwise Ltd. (DOCKW.AE) said Thursday that Monday’s offer price by Dutch dredging company Royal Boskalis Westminster (BOKA.AE) on all of Dockwise’s outstanding shares undervalues of the company....

November 29, 2012
Total Views: 0

Monday, November 26, 2012
Peter Berdowski ceo boskalis
Maritime News

Boskalis Offers $885 Million in Takeover Bid for Dockwise [UPDATE]

*UPDATE Boskalis has acquired in excess of 8.5 million shares in Dockwise in the course of trading today. This shareholding represents slightly less than 22% of the shares in Dockwise.As previously announced...

November 26, 2012
Total Views: 4

Tuesday, October 16, 2012
noble jim day dockwise blue marlin
Maritime News

Dockwise Gains $56 Million in Heavy Lift Contracts

Dutch heavy lift operator Dockwise announced today that it has been awarded 10 new contracts and contract extensions for the mobilization of six drilling rigs, the transportation of a pipe-lay...

October 16, 2012
Total Views: 9

Tuesday, September 4, 2012

Persian Gulf Tensions Help Boost Dockwise

(Bloomberg) — Dockwise Ltd. shareholders can thank the U.S. Navy for helping return the company to profit as the world’s largest operator of heavy-load vessels hauls mine sweepers to the Persian Gulf....

September 4, 2012
Total Views: 1

Thursday, July 19, 2012
Engineering News

Fairstar Confirms Construction of Third Newbuild Vessel

Fairstar Heavy Transport confirmed today that on 3 May 2011 Fairstar had entered into a Shipbuilding Contract with a face value of USD 110 million with China Shipbuilding Trading Company...

July 19, 2012
Total Views: 1

Friday, July 13, 2012
you are fired job
Maritime News

Insubordinate Fairstar Board Members Are About to Get FIRED

The board members at Fairstar Heavy Transport had better start polishing up their resumes because Dockwise is about to kick them all out on to the street. Today, Dockwise announced...

July 13, 2012
Total Views: 4

Thursday, July 5, 2012

Takeover Nearly Complete: Dockwise Gains Another 10 Percent of Fairstar

Dockwise announced today that their full acquisition of Fairstar is nearly complete after they completed the purchase of another 10 percent of Fairstar shares from ODIN and other shareholders. Via...

July 5, 2012
Total Views: 0

Monday, July 2, 2012

Dockwise Takes Another Bite out of Fairstar, Increases Shareholdings to 80.4%

Breda, the Netherlands, Dockwise announced today that, through its wholly-owned subsidiary Dockwise White Marlin B.V., Dockwise now controls 80.4% of the outstanding shares of Fairstar Heavy Transport N.V.  Over the...

July 2, 2012
Total Views: 0

Monday, May 21, 2012
ing bank lion

Poison Pill Rejected, Fairstar Heavy Transport Gains $247 Million Loan from ING Bank

Fairstar Heavy Transport N.V. (FAIR) has signed a USD $247 million syndicated loan facility led by ING Bank. The facility provides the necessary liquidity to satisfy the outstanding payment obligations...

May 21, 2012
Total Views: 10

Wednesday, May 16, 2012
Fairstar FJELL perro negro jackup

Fairstar Receives “Poison Pill” Offer, and a $2.9 Million Heavy Lift Contract

Fairstar Heavy Transport N.V. (FAIR) announced today the award of  a new contract to transport the jack-up drilling rig OFFSHORE VIGILANT from Port of Spain, Trinidad to Vung Tau, Vietnam...

May 16, 2012
Total Views: 11

Tuesday, May 15, 2012

Resistance is Futile. Dockwise Launches Offer for Remaining Shares of Fairstar

Dockwise, via their wholly-owned subsidiary Dockwise White Marlin B.V., announced today the unconditional mandatory offer for all the issued and outstanding shares of Fairstar Heavy Transport N.V. (“Fairstar”) at a...

May 15, 2012
Total Views: 1

Friday, May 11, 2012
Maritime News

Guns Blazing, Fairstar Heavy Transport Fires Back in Response to Takeover Letter from Dockwise

In response to a letter sent by Dockwise on Wednesday, Fairstar’s CEO Philip Adkins sends back a heated response… Dockwise FAO: Mr P Wit and FAO: Mr J van Wiechen Lage Mosten...

May 11, 2012
Total Views: 20

Wednesday, May 9, 2012
Maritime News

Interview with Dockwise CEO Andre Goedee: Drydocking FPSOs at Sea and the Fairstar Deal

I met up with Andre Goedee, CEO of Dockwise, at the Offshore Technology Conference in Houston last week.  Here’s what he had to say… What’s the approach right now with...

May 9, 2012
Total Views: 6

Tuesday, April 24, 2012
Maritime News

Dockwise and Fairstar Enter “Increasingly Hostile Stalemate”

In what must have been a rather tense meeting this morning, Fairstar Heavy Transport N.V. (FAIR) met with representatives of Dockwise in Fairstar’s Rotterdam Headquarters to discuss the unsolicited acquisition...

April 24, 2012
Total Views: 1

Monday, April 23, 2012
fairstar heavy Forte

Dockwise Sends Unsolicited Low-Ball Offer to Fairstar Heavy Transport

Fairstar Heavy Transport N.V. (FAIR) announced today that they have received an unsolicited, conditional, offer from Dockwise to acquire Fairstar shares at a purchase price of NOK 9.3 per share....

April 23, 2012
Total Views: 5