Deals and M&As this week: Verifavia Shipping, Hapag-Lloyd Cruises, Fincantieri

26 October 2018 (Last Updated October 26th, 2018 12:10)

Verifavia Shipping has secured contracts from Walaem Ship Management and Zeaborn Ship Management to offer verification services.

Verifavia Shipping has secured contracts from Walaem Ship Management and Zeaborn Ship Management to offer verification services.

Verifavia will certify the associated information technology (IT) systems of the two companies and will offer its EUV verification services, under the contracts.

It will also provide auditing services for European Union (EU) Reporting and Verification (MRV) and the International Maritime Organization (IMO) Data Collection System (DCS) on the Liberia and Panama-flagged vessels operated by Walaem.

The scope of the contract also includes the delivery of Vertex ship maintenance and management software (SMMS).

TUI Group’s subsidiary Hapag-Lloyd Cruises has secured funding from KfW IPEX-Bank and Commerzbank for the development of its third expedition ship.

The banks have developed a financing structure and will assume the responsibilities of a mandated lead arranger for the three cruise ships.

The three expedition ships, which will be constructed by the VARD shipyard in Norway, have been christened HANSEATIC Nature, HANSEATIC Inspiration, and HANSEATIC Spirit.

The first two ships are expected to be delivered by the end of next year, while the delivery of the third ship is scheduled for 2021.

“The acquisition enables E2open to create an integrated global logistics and supply chain network by combining its business network with INTTRA’s shipper network.”

Fincantieri has entered a memorandum of agreement (MOA) with MSC Cruises for the construction of four ultra-luxury cruise ships for a sum of more than €2bn ($2.28bn).

The vessels will have a gross weight of 64,000t and will offer 500 cabins.

The delivery of the first ship is expected in 2023, while the remaining vessels will be delivered in the following years.

The ships will be equipped with advanced environmental technologies and enhanced maritime solutions.

BAE Systems Southeast Shipyards Alabama has been acquired by Epic Alabama Shipyard for an undisclosed sum.

The acquisition also includes the transfer of associated shipyard facilities in Mobile, Alabama, US.

Based in the US, Epic offers ship repair and maintenance services to companies in the maritime industry.

INTTRA, a shipping network and software services provider based in the US, has been acquired by E2open.

The financial terms of the transaction were not disclosed by the companies.

The acquisition enables E2open to create an integrated global logistics and supply chain network by combining its business network with INTTRA’s shipper network.

The integrated network aims to offer enhanced information flow between the manufacturers, suppliers, and other service providers.