MEO to Buy 50% of Uniwise Towage from Svitzer

first_img My location Print  Close 此页面无法正确加载 Google 地图。您是否拥有此网站?确定 MEO, October 28, 2013 zoom Miclyn Express Offshore executed a Sale and Purchase Agreement to acquire 50% of the shares in Uniwise Towage Limited (UWT) from Svitzer Asia Pte. Ltd. (Svitzer), a subsidiary of the global A.P. Moller-Maersk Group.Domiciled in Thailand, UWT operates a fleet of five (5) state of the art Marine Support Vessels (MSVs) and Utility Vessels supporting tanker lifting, static tow, drilling rig activities, anchor handling, SPM maintenance, floating hose maintenance, cargo transportation, stand-by, fire-fighting and oil spill response.The vessels are all chartered long term to oil companies in Thailand. The business has been operating since 1999 as a joint venture between Svitzer and the Unithai Group, MEO’s existing joint venture partner in Uniwise Offshore (UWO). MEO has agreed to purchase all of Svitzers shares in UWT for a consideration of US$18.9 million. This transaction is not expected to have a material impact on MEO’s financial results for Financial Year 2014.Commenting on the acquisition, MEO Chief Executive Officer, Mr Diederik de Boer, said: “This acquisition is a natural extension of the position we have built up in Thailand in offshore vessel support services. We are very comfortable with our Joint Venture partners having worked with them for a number of years. The integration of UWO and UWT will be seamless given that the two businesses already share office space and resources. We look forward to developing this new venture and working with our customers in Thailand to continue to uncover new opportunities for growth through delivery of operational excellence.”last_img read more

Morocco to Build 7 New Stadiums if Chosen to Host 2026…

Rabat – Expectations are high for Morocco. The North African country has vowed to build seven new stadiums if selected to host the 2026 FIFA World Cup.Morocco is planning to build six 40,000-seat stadiums, in addition to a seventh 100,000-seat stadium in Casablanca.The new stadiums will be in addition to five stadiums already in existence in the country. Two others are now being built in Tetouan and Oujda. Rachid Talbi Alami, Morocco’s Minister of Sports and Youth, told Moroccan news outlet Media24 that the construction of the stadiums and the renovation of older existing ones will cost between USD 800 million and one billion.Talbi told the press in a press conference earlier this month that Morocco selected 12 cities to host the enormous tournament.The 12 cities chosen to host the international tournament are Casablanca, Marrakech, Tetouan, Nador, Meknes, El Jadida, Fez, Oujda, Tangier, Agadir, Rabat and Ouarzazate.“Morocco has already embarked on a vast and ambitious investment program in the areas of infrastructure and hotel industry that meets the needs of the local population in the first place,” said Elalamy.Morocco submitted its candidacy to host the tournament on August 11, 2017. Ahmed claimed, “Morocco has all the assets to organize a major world event, and it would be an honor for all of Africa if Morocco wins the right to host the 2026 World Cup.”Morocco will compete in the 21st World Cup tournament that will take place this summer in Russia. read more