Bourbon Puts Gas Plans on Hold
Bourbon’s plan to diversify into the gas carrier market has run into financial obstacles. The company said in a statement that its board of directors acknowledged that the financing required for the acquisition of Jaccar Holdings’ gas activities would not be obtained within the originally stated timeframe. Consequently, the board has removed the resolution from the agenda of the annual shareholders meeting scheduled for May 26.
BOURBON Invests Heavily in Gas Sector
While BOURBON is undeniably a leader in the offshore marine sector, the current tough offshore environment has led it to diversify its operations in the face of a potentially prolonged down market globally. With that, the company announced the acquisition of the activities of a global leader in ethane transportation, with a market share greater than 50% in a market expected to have strong growth. - 100% of Greenship Gas Manager Pte. - 80% of JHW Engineering & Contracting limited.
Evergas Acquires first Multigas LNG vessels
Evergas’ latest additions to its fleet, two ‘dragon class’ 27.500 cbm multigas LNG carriers, were successfully named today at a ceremony at the Sinopacific Offshore & Engineering (SOE) shipyard in Qidong, China. The state-of-the-art carriers were named JS INEOS INSIGHT and JS INEOS INGENUITY. Both vessels bear a distinct dragon symbolizing their Chinese and Western heritage. vessel JS INEOS INSIGHT is the King of Fire, reflecting a strong, vigorous and steadfast future ahead.
Jaccar Inks Gas Carrier Financing Deal with ICBC leasing
JACCAR Holdings informed that Mr. Li Keqiang – Prime Minister of the People’s Republic of China - during his recent state visit to France signed Memorandam of Understanding with Mr. Manuel Valls, Prime Minister of France , for a 900 M$ financing of gas carriers with ICBC leasing. Jacques de Chateauvieux, as Chairman and CEO of Cana Tera and JACCAR Holdings declared “we are extremely honored to benefit from the trust…
New CEO for Evergas
Mr. Jacobsen joined Evergas 1 February 2015 as Vice President, Fleet after almost 35 years in Maersk. He brings a wealth of leadership experience in both commercial and technical management, having amongst other positions headed Maersk Tankers fleet management for 9 years. Before that he held both operational and commercial leadership positions in Maersk Tankers, Maersk Contractors and Maersk Drilling. The Chairman of Jaccar Holdings Mr.
Yangzijiang Diversifies into LNG Vessel Buildiing
Yangzijiang Shipbuilding (Holdings) Limited “Yangzijiang” or “the Group” one of PRC’s leading and most enterprising shipbuilder listed on the SGX Main Board, is pleased to announce that the Group has secured new shipbuilding orders from JHW Engineering & Contracting Limited, a subsidiary of JACCAR Holdings, the company that owns EVERGAS, a world leader in ethylene and ethane gas transportation, to build two 27,500CBM LNG (Liquefied Natural Gas) carriers.
Bourbon Places Hybrid Bond Issue for €100 mi
Bourbon has announced the completion of its first bond issue for €100 million of perpetual deeply-subordinated notes (Titres Super Subordonnés à Durée Indéterminée - TSSDI). This issue has produced keen interest among European professional investors and French portfolio management companies. These perpetual notes, accounted for as equity under IFRS standards, are callable by BOURBON at par starting in October 2017. They bear a fixed semi-annual coupon of 4.70% for the first 3 years…
Jaccar Holdings & Hartmann form JV
Jaccar Holdings of Luxemburg and Hartmann Group of Leer, Germany, announce the establishment of a joint venture for the commercial management of ethane carriers. The new company, “United Ethane Carriers” or UEC, will be based in Singapore. Its purpose is to develop the ethane business, focusing on marketing, branding and commercial management of ethane carriers internationally. “We’ve known each other for a long time now…
Breakthrough for Very Large Ethane Carriers
Hartmann Schiffahrts Gmbh & Co. KG, Jaccar Holdings, HB Hunte Engineering and DNV GL, signed a letter of intent for the classification of five ECO STAR 85k very large ethane carriers. Jean Labescat from Jaccar Holdings, Ulrich Adami, Technical Director of Hartmann Schiffahrts GmbH & Co. KG, Frerk Brand, Managing Director of HB Hunte Engineering, and Torsten Schramm, DNV GL Maritime’s COO for Division Germany, Middle East & Asia, signed the agreement at the SMM trade fair.
