Printer Friendly
The Free Library
19,573,952 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Abu Dhabi MAR acquires Nobiskrug Shipyard.


Summary: Abu Dhabi Abu Dhabi (ä`b thä`bē, zä–, dä–), Arab. Abu Zabi, sheikhdom (1995 pop. 928,360), c.  MAR, a major yachtbuilder in the heart of the Gulf Region, announces its acquisition of a controlling interest controlling interest

The ownership of a quantity of outstanding corporate stock sufficient to control the actions of the firm. Controlling interest often involves ownership of significantly less than 51% of a firm's outstanding stock because many owners fail
 in the Nobiskrug Shipyard, Rendsburg, Germany.

Abu Dhabi MAR, a major yachtbuilder in the heart of the Gulf Region, announces its acquisition of a controlling interest in the Nobiskrug Shipyard, Rendsburg, Germany.

Nobiskrug, with 100 million euros in turnover, has been a significant shipbuilding enterprise since its founding in 1905. It has launched more than 700 vessels, and now has 420 employees working on a facility of about 173,000 m2 including 44,000 m2 under cover. Nobiskrug has drydocks of 151- and 193-meter length. Its most recent launch is the World Superyacht Award-winning 74-meter Siren, with exterior and interior design by Newcruise Yacht yacht: see motorboating; sailing.
yacht

Sail- or motor-driven vessel used for racing or recreation. The term is popularly applied to large recreational engine-powered boats; the sailboats known as yachts and used for racing are usually light and
 Projects. Nobiskrug currently has five large yachts under construction.

Since its founding two years ago, Abu Dhabi MAR shares common ownership with the CMN CMN Common
CMN Children's Miracle Network (since 1983; Salt Lake City, Utah)
CMN Certificate of Medical Necessity
CMN Canadian Museum of Nature
CMN Community Mapping Network
CMN Common Information
 Shipyard in Cherbourg, France, noted for expertise in building military and commercial vessels A commercial vessel is defined by the United States Coast Guard as any vessel (i.e. boat or ship) engaged in commercial trade or that carries passengers for hire. This would exclude pleasure craft that do not carry passengers for hire or warships. . CMN entered yachtbuilding in 1960, and is highly regarded for its current "Line 60" (197-foot) yachts designed by CMN in collaboration with Andrew Winch Andrew Winch is a well known [1][2] English yacht designer. He has been selected as one of two design teams for business jet interior development of the Boeing 787. Yacht designer
His firm, Andrew Winch Designs, is based in London.
. It has launched two in the series this year, Slipstream To fix a bug or add enhancements to software without identifying such inclusions by creating a new version number.  and Cloud 9, and has the third under construction.

Abu Dhabi MAR has four yachts under construction. The Swift141 and Swift135 are conversion of Dutch-built navy frigates, 462 and 442 feet in length respectively. The Swift141, set for launch later this year, is shaped and styled by Pierrejean Design Studio in Paris.

There are approximately 75 yachts 60 meters or longer on order around the world. The ten current builds among Nobiskrug, CMN, and Abu Dhabi MAR represent a significant portion of the global order book.

2009 Al Bawaba (www.albawaba.com)

2009 Al Bawaba (Albawaba.com)

Provided by Syndigate.info an Albawaba.com company
COPYRIGHT 2009 Al Bawaba (Middle East) Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2009 Gale, Cengage Learning. All rights reserved.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Mena Report
Date:Jul 8, 2009
Words:301
Previous Article:Japanese Yen Cross Pick 07.08.09.
Next Article:Selling JPY Cross Rallies, Staying Short EUR/JPY.
Topics:

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles