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German shipbuilder buys Hamburg-based yard Blohm+Voss

Bremen-based shipyard group Luerssen will acquire Blohm+Voss in Hamburg which has since 2011 been owned by UK-based equity fund Star Capital Partners. Luerssen now owns six shipyards in northern Germany with 2,800 employees.

Photo: Michael Lindner/Port of Hamburg Marketing

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Norwegian offshore carriers more optimistic about the future

Two of the biggest carriers in Norwegian offshore, Solstad Farstad and DOF Subsea, note in their annual reports that there is increased tender activity in the oil market, which indicates a better market in the future. The market has bottomed out, says Solstad Farstad.

J. Lauritzen lost USD 45 million in 2017

Denmark's J. Lauritzen lost USD 45 million in 2017, almost in line with the year before. The carrier expects a better result this year, though still not satisfatctory. And a potential recovery could be muted.

Media: HSH Nordbank close to deal with new owners

German shipping bank HSH Nordbank has allegedly sealed a deal with two US-based equity funds, report German media. According to Wall Street Journal, the funds will buy the bank at a much higher price than originally assumed.

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