Turkey’s Tersan Shipyard group acquired the Havyard Leirvik shipyard in Norway as it looks to expand its position in Europe. The sale of the shipyard group comes after several challenging years for the company which had repositioned to work as a repair yard while the sale continues the transition of its parent company Eqva to an investment company.
One of Norway’s oldest continuing shipyards, Havyard had been building ships in its location near Bergen since 1918, but as a midsized yard struggled to compete in recent years. Its parent group announced in 2020 plans to end newbuilds after six orders then on the books and downsize to be a repair and service yard. The yard which was operating as New Havyard Ship Technology was renamed Havyard Leirvik with its last newbuild scheduled to leave the dock in August 2021.
Havyard Leirvik is being sold to Tersan Shipyard in a deal where the shipbuilder based in Turkey is acquiring 100 percent of the shares of the group which includes Havyard Leirvik AS and Havyard Leirvik Eiendom. The cash portion of the deal is $2.7 million.
“We are confident that Tersan will be a strong new owner for Havyard Leirvik, with a clear strategic interest in continuing its proud industrial tradition. As a leading player in the industry, Tersan has proven expertise and local knowledge from collaborating with a wide range of customers in the maritime and aquaculture industries. For Eqva, it is important that we are leaving the yard in good hands,” says Matre Ellingsen, Chair of the Board of Eqva.
Tersan highlights that they had previously worked with Havyard on individual projects. Through the acquisition, they look to strengthen operations in Europe, increase production capacity, and develop joint working methods.
With two yards, Tersan reports it is one of the largest shipbuilders and repair facilities in Turkey. Tersan says it delivers an average of six to 10 newbuild ships per year depending on the ships’ sizes and their complexity. Tersan decided to invest in a new shipyard in 2008 in Yalova, Turkey with more capacity in addition to its original location in Tuzla (Istanbul) which continues as a repair yard. They introduced a floating dock in Yalova in 2013 for repair work and in 2019 added an Aframax floating dock built at the yard. Tersan employs approximately 4,200 people in its two shipyards and has built more than 100 ships. Its current orderbook includes offshore service vessels, ro/ro ferries, and fishing vessels. The yard has also developed expertise in new systems including LNG and batteries, including building the four coastal passenger ships for Norway’s Havila Cruises.
“We are looking forward to becoming part of Tersan Shipyard,” said Tor Leif Mogstad, CEO of Havyard Leirvik. “It is a highly reputable company with a good standing in international shipping and maritime circles, and with a clear ambition to further strengthen its position in Northern Europe with Havyard Leirvik as a stepping stone.”
Eqva, which was the former Havyard Group, is transitioning to be an industrial investment company. Through a merger in May 2022, they acquired BKS Holding, an integrated system supplier for maritime, offshore, and land-based industries, and Fossberg Kraft, a specialist in the development, construction, and operation of small hydropower plants in Norway. They also hold a 50 percent investment in platform supply vessel (PSV) Havila Charisma. The company reports the sale of Havyard Leirvik will free up resources enabling a concentrated focus on further development of Eqva’s current industrial portfolio, and to look for new investment opportunities.
In June, a UK Royal Navy destroyer and Dutch Royal Navy ship safely moored in Odessa, Ukraine, were spoofed to locations off-shore of a Russian naval base on Crimea. One week later, it was a US Navy ship moored in the same port that was spoofed (above). These are interesting cases in several ways. First, how […]
A massive fire broke out at the Port of Beirut on Thursday, incinerating a warehouse full of tires and oil within the port’s free zone. The same area was heavily damaged in the ammonium nitrate explosion that leveled the central port area and the adjacent waterfront on August 4. According to Lebanon’s civil defense agency, […]
Over the course of the past five days, the Australian Maritime Safety Authority arranged a medical intervention for an injured aboard a freighter in the Indian Ocean. On Saturday evening, the Spliethoff tweendecker Dolfijngracht called for assistance while under way about 1,000 nauical miles off the coast of Western Australia. A crewmember had sustained serious […]
The UK government’s new post-Brexit tariff regime will result in both winners and losers. The new regime is set to replace the European Union’s Common External Tariff from the end of the Brexit Transition Period on December 31, 2020. The UK’s commitment to the ongoing Brexit process and ending the UK’s transition from EU membership […]
As the shipping industry works to develop its path towards decarbonization, one large shipowner has decided to use the existing technology to start a conversion to methanol while longer-term solutions continue to be developed. Eastern Pacific Shipping, which has a fleet of containerships, dry bulk carriers, and tankers totally 15 million dwt, will work with […]
The First DP2, Twin-Hulled SOV in the World, NB72 Groene Wind met the Sea on September 29. 2020 in Yalova, Turkey. The Groene Wind will be directly chartered to Siemens Gamesa Renewable Energy for the maintenance of the Rentel and Mermaid & Seastar (known as SeaMade) offshore wind farms in Belgium. This is the first DP2, […]
The U-Freight Group (UFL), with its considerable involvement in eCommerce logistics, says that the latest statistics showing that global e-commerce sales hit $25.6 trillion in 2018 are a further vindication of its decision to enter this sector of the international freight market several years ago. The latest available estimates, up 8% from 2017, were recently […]
DSV Belgium has solid experience in the transport of pharmaceutical products for different customers. With a pharma hub based at Brussels Airport a lot of experience and know-how has been built up over the years. Last weekend, the forwarder handled one hundred million mouth masks, an important milestone for its Belgian organisation that has put […]
With close to 100 daily cargo flights operated to a destination network spanning more than 65 cities across six continents, Emirates SkyCargo is delivering essential supplies and commodities to people around the world. The air cargo carrier is currently operating 11 Boeing 777 freighter aircraft, each with a capacity to transport about 100 tonnes of […]
Operators can continue to use pilots and other crew members who have unable to comply with certain training, recent experience, testing, and checking requirements due to the COVID-19 outbreak in support of essential operations. Additionally, this Special Federal Aviation Regulation (SFAR) provides regulatory relief to certain persons and pilot schools unable to meet duration and […]
Callan Marine is serving as the prime contractor to the Texas Department of Transportation for a maintenance dredging project located at the Bolivar Ferry Terminal, in Galveston, Texas. Work began in May and is estimated to be complete in late July 2020. The project consists of the removal of 600,000 cubic yards of material and […]
Astral Aviation has increased its intra-African network with cargo freighters during the pandemic. While there has been a reduction in capacity to, from, and within Africa, which has been caused by a stoppage of passenger flights and limited frequencies on freighter aircraft, Astral Aviation continues to operate cargo freighters from its Nairobi hub to 13 destinations […]
The naval forces of the US and Bahrain recently staged a joint force training exercise which showcased the interoperability between coalition warships operating I the Arabian Gulf. Coalition Task Force Sentinel executed combined exercise Sentinel Shield supporting Sentry and Sentinel patrols in the coalition’s area of operations. The guided-missile destroyer USS John Paul Jones and […]
Best known as a leading passenger airport serving Germany’s most populated federal state North Rhine-Westphalia, Düsseldorf has become transformed into a vital distribution point, during the COVID 19 pandemic, for medical equipment and other life-saving goods, mostly from China. Gerton Hulsman, managing director of cargo operations, reports that the handling teams are working hard to […]
Emirates SkyCargo has expanded its weekly scheduled cargo flight operations to cover 75 destinations across six continents. Through its wider reach, Emirates SkyCargo is able to transport essential commodities and other urgently needed cargo more rapidly across the world, allowing exporters and importers across markets to benefit from direct access to widebody cargo capacity. Some […]
The National Transportation Safety Board (NTSB) has released a Marine Accident Brief about an accident that occurred on April 15, 2019, involving the towing vessel DeJeanne Maria which struck the end of a submerged dredge pipeline while pushing two spud barges to the Gulf of Mexico. The incident occurred on the Mississippi River in Pass […]