Latest news with #Svitzer
The Advertiser
26-06-2025
- Business
- The Advertiser
'Pinch-yourself moment': new tug boat's grand Newcastle entrance
WHAT an entrance. Svitzer Barrington, named after Barrington Tops, arrived at its new home at the Port of Newcastle's tug base on Thursday, June 26. To welcome it, a guard of honour was formed by eight tugs as the new vessel crossed the sand bar of Nobbys Heads. The tugs then formed a circle for the Barrington to move into the centre and complete donuts as Novocastrians watched on, the sound of horns echoing along the foreshore. At the helm was fleet training superintendent and tug master Ben Holder, who steered the tug into the harbour in a showcase of its agility. "It was a real privilege to bring such an innovative tug into Newcastle," Mr Holder said. "Taking her sideways through the cut at seven knots was a pinch-yourself moment. Despite her size and incredible stability, she handles like a go-kart." The 32-metre Transverse tug is the first of its kind in Australia. It was built in Turkey and sailed to Australia via the Mediterranean, Atlantic Ocean, Caribbean Sea, Panama Canal and Pacific Ocean. It is billed as representing a generational advancement in towage standards, innovation and performance. Svitzer Australia chief operating officer David Phillips said the tug class was purpose-built for versatility and power, making it different to other tug designs by Svitzer. "It's maintaining high steering and braking forces through a range of movements without losing the dynamism or responsiveness required by marine pilots," he said. "This includes a patented half-circle towing staple which is able to support advanced towing manoeuvres and a double-ended hull." "It's a new design with leading-edge technology." Mr Phillips said Svitzer Barrington was deployed to the Port of Newcastle because "it's one of the busiest ports in Australia". "[The Port] services a range of large vessel types in complex tidal and weather conditions," he said. The port hosts more than 4500 vessel visits per year, including large capesize vessels shipping coal, bulk grain and agricultural vessels, container ships, breakbulk freight and cruise vessels. The demand for tugs to assist these vessels safely in and out of the terminal continues to increase, Mr Phillips said. "We chose Newcastle because this vessel is built to high specs to demonstrate its capability an,d it's a great opportunity to showcase and support our largest port. We're very excited about it," he said. A sister tug is expected to join the Port of Newcastle in mid to late August. WHAT an entrance. Svitzer Barrington, named after Barrington Tops, arrived at its new home at the Port of Newcastle's tug base on Thursday, June 26. To welcome it, a guard of honour was formed by eight tugs as the new vessel crossed the sand bar of Nobbys Heads. The tugs then formed a circle for the Barrington to move into the centre and complete donuts as Novocastrians watched on, the sound of horns echoing along the foreshore. At the helm was fleet training superintendent and tug master Ben Holder, who steered the tug into the harbour in a showcase of its agility. "It was a real privilege to bring such an innovative tug into Newcastle," Mr Holder said. "Taking her sideways through the cut at seven knots was a pinch-yourself moment. Despite her size and incredible stability, she handles like a go-kart." The 32-metre Transverse tug is the first of its kind in Australia. It was built in Turkey and sailed to Australia via the Mediterranean, Atlantic Ocean, Caribbean Sea, Panama Canal and Pacific Ocean. It is billed as representing a generational advancement in towage standards, innovation and performance. Svitzer Australia chief operating officer David Phillips said the tug class was purpose-built for versatility and power, making it different to other tug designs by Svitzer. "It's maintaining high steering and braking forces through a range of movements without losing the dynamism or responsiveness required by marine pilots," he said. "This includes a patented half-circle towing staple which is able to support advanced towing manoeuvres and a double-ended hull." "It's a new design with leading-edge technology." Mr Phillips said Svitzer Barrington was deployed to the Port of Newcastle because "it's one of the busiest ports in Australia". "[The Port] services a range of large vessel types in complex tidal and weather conditions," he said. The port hosts more than 4500 vessel visits per year, including large capesize vessels shipping coal, bulk grain and agricultural vessels, container ships, breakbulk freight and cruise vessels. The demand for tugs to assist these vessels safely in and out of the terminal continues to increase, Mr Phillips said. "We chose Newcastle because this vessel is built to high specs to demonstrate its capability an,d it's a great opportunity to showcase and support our largest port. We're very excited about it," he said. A sister tug is expected to join the Port of Newcastle in mid to late August. WHAT an entrance. Svitzer Barrington, named after Barrington Tops, arrived at its new home at the Port of Newcastle's tug base on Thursday, June 26. To welcome it, a guard of honour was formed by eight tugs as the new vessel crossed the sand bar of Nobbys Heads. The tugs then formed a circle for the Barrington to move into the centre and complete donuts as Novocastrians watched on, the sound of horns echoing along the foreshore. At the helm was fleet training superintendent and tug master Ben Holder, who steered the tug into the harbour in a showcase of its agility. "It was a real privilege to bring such an innovative tug into Newcastle," Mr Holder said. "Taking her sideways through the cut at seven knots was a pinch-yourself moment. Despite her size and incredible stability, she handles like a go-kart." The 32-metre Transverse tug is the first of its kind in Australia. It was built in Turkey and sailed to Australia via the Mediterranean, Atlantic Ocean, Caribbean Sea, Panama Canal and Pacific Ocean. It is billed as representing a generational advancement in towage standards, innovation and performance. Svitzer Australia chief operating officer David Phillips said the tug class was purpose-built for versatility and power, making it different to other tug designs by Svitzer. "It's maintaining high steering and braking forces through a range of movements without losing the dynamism or responsiveness required by marine pilots," he said. "This includes a patented half-circle towing staple which is able to support advanced towing manoeuvres and a double-ended hull." "It's a new design with leading-edge technology." Mr Phillips said Svitzer Barrington was deployed to the Port of Newcastle because "it's one of the busiest ports in Australia". "[The Port] services a range of large vessel types in complex tidal and weather conditions," he said. The port hosts more than 4500 vessel visits per year, including large capesize vessels shipping coal, bulk grain and agricultural vessels, container ships, breakbulk freight and cruise vessels. The demand for tugs to assist these vessels safely in and out of the terminal continues to increase, Mr Phillips said. "We chose Newcastle because this vessel is built to high specs to demonstrate its capability an,d it's a great opportunity to showcase and support our largest port. We're very excited about it," he said. A sister tug is expected to join the Port of Newcastle in mid to late August. WHAT an entrance. Svitzer Barrington, named after Barrington Tops, arrived at its new home at the Port of Newcastle's tug base on Thursday, June 26. To welcome it, a guard of honour was formed by eight tugs as the new vessel crossed the sand bar of Nobbys Heads. The tugs then formed a circle for the Barrington to move into the centre and complete donuts as Novocastrians watched on, the sound of horns echoing along the foreshore. At the helm was fleet training superintendent and tug master Ben Holder, who steered the tug into the harbour in a showcase of its agility. "It was a real privilege to bring such an innovative tug into Newcastle," Mr Holder said. "Taking her sideways through the cut at seven knots was a pinch-yourself moment. Despite her size and incredible stability, she handles like a go-kart." The 32-metre Transverse tug is the first of its kind in Australia. It was built in Turkey and sailed to Australia via the Mediterranean, Atlantic Ocean, Caribbean Sea, Panama Canal and Pacific Ocean. It is billed as representing a generational advancement in towage standards, innovation and performance. Svitzer Australia chief operating officer David Phillips said the tug class was purpose-built for versatility and power, making it different to other tug designs by Svitzer. "It's maintaining high steering and braking forces through a range of movements without losing the dynamism or responsiveness required by marine pilots," he said. "This includes a patented half-circle towing staple which is able to support advanced towing manoeuvres and a double-ended hull." "It's a new design with leading-edge technology." Mr Phillips said Svitzer Barrington was deployed to the Port of Newcastle because "it's one of the busiest ports in Australia". "[The Port] services a range of large vessel types in complex tidal and weather conditions," he said. The port hosts more than 4500 vessel visits per year, including large capesize vessels shipping coal, bulk grain and agricultural vessels, container ships, breakbulk freight and cruise vessels. The demand for tugs to assist these vessels safely in and out of the terminal continues to increase, Mr Phillips said. "We chose Newcastle because this vessel is built to high specs to demonstrate its capability an,d it's a great opportunity to showcase and support our largest port. We're very excited about it," he said. A sister tug is expected to join the Port of Newcastle in mid to late August.
Yahoo
21-05-2025
- Business
- Yahoo
Nasdaq Copenhagen A/S accepts delisting of Svitzer's shares
NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO ANY JURISDICTION IN WHICH DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL Reference is made to Svitzer Group A/S' (Svitzer) company announcement dated 21 May 2025 regarding Svitzer's Board of Directors' decision to request Nasdaq Copenhagen A/S (Nasdaq Copenhagen) to have Svitzer's shares (ISIN DK0062616637) (the Shares) removed from trading and official listing at Nasdaq Copenhagen. Nasdaq Copenhagen has today accepted to remove the Shares from trading and official listing. The last day of trading and official listing will be Thursday 22 May 2025. The delisting of the Shares is a result of the contemplated compulsory acquisition by APMHI Invest A/S (APMHI) in accordance with sections 70 and 72 of the Danish Companies Act which will be initiated on Friday 23 May 2025, being the first business day after the last day of trading and official listing of the Shares. Separate notice on the compulsory acquisition will be made by APMHI in accordance with the relevant provisions set out in sections 70 and 72 of the Danish Companies Act, including through the IT system of the Danish Business Authority and on Svitzer's website: About Svitzer Svitzer is a leading, global towage and marine services provider. The core business is to assist large seaborne vessels in manoeuvring in and out of ports and terminals to berth and unberth. With around 450 vessels, Svitzer's services play a crucial role as part of critical port infrastructure. Svitzer was founded in 1833 and serves approximately 2,000 customers in more than 140 ports and 40 terminals across 37 countries. Read more on For further information, please contact: Michael Nass Nielsen, Head of Investor Relations and FP&A T: +45 24941654 E: ir@ Attachment Announcement of acceptance of delisting requestError while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
21-05-2025
- Business
- Yahoo
Request for delisting of Svitzer's shares from Nasdaq Copenhagen A/S
Reference is made to Svitzer Group A/S' (Svitzer) company announcement dated 16 May 2025 regarding the final result and completion of APMH Invest A/S' (APMHI) all-cash voluntary recommended purchase offer to acquire all of the issued shares (the Shares) in Svitzer, except for Shares owned by APMHI and Shares held by Svitzer and/or its subsidiaries in treasury, if any. Following a request from APMHI, Svitzer's Board of Directors has today decided to request Nasdaq Copenhagen A/S (Nasdaq Copenhagen) to have Svitzer's Shares (ISIN DK0062616637) removed from trading and official listing at Nasdaq Copenhagen. Provided that Nasdaq Copenhagen accepts the request, the delisting will be completed with the last day of trading and official listing on Thursday 22 May 2025. APMHI has informed that it will initiate a compulsory acquisition of the Shares held by the remaining minority shareholders in Svitzer in accordance with sections 70 and 72 of the Danish Companies Act, expectedly Friday 23 May 2025, being the first business day after the last day of trading and official listing of the Shares. Further information on the compulsory acquisition will be provided separately once the delisting request has been accepted, and the compulsory acquisition is commenced. About Svitzer Svitzer is a leading, global towage and marine services provider. The core business is to assist large seaborne vessels in manoeuvring in and out of ports and terminals to berth and unberth. With around 450 vessels, Svitzer's services play a crucial role as part of critical port infrastructure. Svitzer was founded in 1833 and serves approximately 2,000 customers in more than 140 ports and 40 terminals across 37 countries. Read more on For further information, please contact: Michael Nass Nielsen, Head of Investor Relations and FP&AT: +45 24941654E: ir@ Attachment Announcement of Svitzer delisting requestSign in to access your portfolio
Yahoo
21-05-2025
- Business
- Yahoo
Request for delisting of Svitzer's shares from Nasdaq Copenhagen A/S
Reference is made to Svitzer Group A/S' (Svitzer) company announcement dated 16 May 2025 regarding the final result and completion of APMH Invest A/S' (APMHI) all-cash voluntary recommended purchase offer to acquire all of the issued shares (the Shares) in Svitzer, except for Shares owned by APMHI and Shares held by Svitzer and/or its subsidiaries in treasury, if any. Following a request from APMHI, Svitzer's Board of Directors has today decided to request Nasdaq Copenhagen A/S (Nasdaq Copenhagen) to have Svitzer's Shares (ISIN DK0062616637) removed from trading and official listing at Nasdaq Copenhagen. Provided that Nasdaq Copenhagen accepts the request, the delisting will be completed with the last day of trading and official listing on Thursday 22 May 2025. APMHI has informed that it will initiate a compulsory acquisition of the Shares held by the remaining minority shareholders in Svitzer in accordance with sections 70 and 72 of the Danish Companies Act, expectedly Friday 23 May 2025, being the first business day after the last day of trading and official listing of the Shares. Further information on the compulsory acquisition will be provided separately once the delisting request has been accepted, and the compulsory acquisition is commenced. About Svitzer Svitzer is a leading, global towage and marine services provider. The core business is to assist large seaborne vessels in manoeuvring in and out of ports and terminals to berth and unberth. With around 450 vessels, Svitzer's services play a crucial role as part of critical port infrastructure. Svitzer was founded in 1833 and serves approximately 2,000 customers in more than 140 ports and 40 terminals across 37 countries. Read more on For further information, please contact: Michael Nass Nielsen, Head of Investor Relations and FP&AT: +45 24941654E: ir@ Attachment Announcement of Svitzer delisting requestSign in to access your portfolio
Yahoo
16-05-2025
- Business
- Yahoo
APMH Invest has announced completion of the all-cash recommended purchase offer for the shares in Svitzer
NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO ANY JURISDICTION IN WHICH DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL Reference is made to the company announcement of 2 April, 1 May, 9 May and 15 May 2025, concerning APMH Invest A/S' ('APMHI'), a wholly owned subsidiary of A.P. Møller Holding A/S, all-cash voluntary recommended purchase offer to acquire all of the issued shares (the 'Shares') in Svitzer Group A/S ('Svitzer'), except for Shares owned by APMHI and Shares held by Svitzer and/or its subsidiaries in treasury, if any (the 'Offer'). APMHI has today announced that it considers all conditions of the Offer satisfied and that the Offer is completed on the terms and conditions set out in the offer document published by APMHI on 2 April 2025 (the 'Offer Document'). APMHI informs that APMHI, as the final result of the Offer, has received acceptances which means that APMHI, together with its current holding of Shares, will hold approximately 93.4% of the share capital and total number of voting rights in Svitzer. The announcement from APMHI is attached. Settlement APMHI has informed that the Offer will be settled in cash through the shareholders' own custodian bank or account holding institute. The trading day for settlement is expected to be today, Friday 16 May 2025, and pay date is expected to be Tuesday 20 May 2025. Payment to shareholders who do not have a Danish bank account may take longer. Compulsory acquisition and delisting APMHI has informed that, as APMHI will hold more than 90% of the share capital and total number of voting rights in Svitzer as a result of the Offer, APMHI will initiate a compulsory acquisition of the Shares held by the remaining minority shareholders of Svitzer in accordance with Danish law on Friday 23 May 2025. Information regarding the compulsory acquisition of the remaining minority shareholders of Svitzer will be provided separately. The price per Share offered in the compulsory acquisition will be DKK 277, corresponding to the price paid per Share in the Offer as adjusted for the ordinary dividend paid to shareholders following the annual general meeting on 10 April 2025. Furthermore, APMHI has informed that it will seek to have the Shares removed from trading and official listing on Nasdaq Copenhagen A/S prior to initiating the compulsory acquisition. The last day of trading is expected to be Thursday 22 May 2025. Further information regarding the removal from trading and official listing of the Shares will be announced separately. For further information, please contact: Michael Nass Nielsen, Head of Investor Relations and FP&A T: +45 24941654 E: ir@ About Svitzer Svitzer is a leading, global towage and marine services provider. The core business is to assist large seaborne vessels in manoeuvring in and out of ports and terminals to berth and unberth. With around 450 vessels, Svitzer's services play a crucial role as part of critical port infrastructure. Svitzer was founded in 1833 and serves approximately 2,000 customers in more than 140 ports and 40 terminals across 37 countries. Read more on Attachment Completion of APMH Invest's all-cash recommended purchase offer for the shares in Svitzer Disclaimers This announcement does not constitute an offer or invitation to purchase any securities in Svitzer or a solicitation of an offer to buy any securities in Svitzer, pursuant to the Offer or otherwise. The Offer will be made solely by means of the Offer Document containing the full terms and conditions of the Offer, including details of how the Offer may be accepted. Important information The Offer will not be made, and the Svitzer shares will not be accepted for purchase from or on behalf of persons, in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities or other laws or regulations of such jurisdiction. Persons obtaining this announcement and/or into whose possession this announcement comes are required to take due note and observe all such restrictions and obtain any necessary authorisations, approvals or consents. Neither APMHI nor Svitzer or any of their respective advisors accepts any liability for any violation by any person of any such restriction. Any person (including, without limitation, custodians, nominees and trustees) who intends to forward this announcement to any jurisdiction outside Denmark should inform themselves of the laws of the relevant jurisdiction, before taking any action. The distribution of this announcement in jurisdictions other than Denmark may be restricted by law, and, therefore, persons who come into possession of this announcement should inform themselves about and observe such restrictions. Any failure to comply with any such restrictions may constitute a violation of the securities laws and regulations of any such jurisdiction. Important information for shareholders in the United States The Offer is being made for the securities of Svitzer, a public listed company incorporated under Danish law, and is subject to Danish disclosure and procedural requirements, which differ from those of the United States. The Offer will be made in the United States in compliance with applicable Danish securities laws and the applicable requirements of the U.S. Securities Exchange Act of 1934, as amended, and the rules and regulations adopted by the U.S. Securities and Exchange Commission thereunder, including Regulation 14E. It may be difficult for U.S. holders of shares to enforce their rights and any claim arising out of the U.S. federal securities laws, because APMHI and Svitzer are located in a country other than the United States, and all of their officers and directors are residents of a country other than the United States. U.S. holders of shares may not be able to sue a non-U.S. company or its officers or directors in a non-U.S. court for violations of the U.S. securities laws. Further, it may be difficult to compel a non-U.S. company and its affiliates to subject themselves to a U.S. court's judgment. Neither the U.S. Securities and Exchange Commission nor any U.S. state securities commission or other regulatory authority has approved or disapproved the Offer, passed upon the fairness or merits of the Offer or provided an opinion as to the accuracy or completeness of this announcement, the Offer Document or any other documents regarding the Offer. Forward-looking statements This release contains forward-looking statements and statements of future expectations that reflect APMHI's current views and assumptions with respect to future events. These forward-looking statements may discuss expectations, identify strategies, contain projections or state other forward-looking information and include, but are not limited to, statements related to the expected structure and schedule for completion of the Offer and related matters described in this release, the management and prospects of Svitzer's business after the completion of the Offer, APMHI's current plans with respect to the Offer and the business, management and prospects of Svitzer. These statements do not guarantee business performance in the future; they carry known or unknown risks, uncertainties, and other factors that may differ significantly from the actual performance, development or financial position of APMHI and Svitzer in the future. These forward-looking statements can be identified by the use of forward-looking terminology, such as "aims," "believes," "expects," "estimates," "may," "anticipates," "plans," "intends," "should," "will," "seeks," "forecasts," "in the future", or the negative of these terms or similar expressions, or in particular by discussions about "strategy," "target," "plan," or "intention". There is a possibility that actual business results may greatly differ from those expressed in or implied by such forward-looking statements due to various factors. Such factors include, but are not limited to, the following: (i) uncertainties related to the structure and schedule for completion of the Offer, (ii) Svitzer's shareholders may or may not tender into the Offer, (iii) a proposal that competes with the Offer may be made, (iv) the risk that the regulatory and other conditions, which are necessary for the completion of the Offer, will not be satisfied (v) the possibility that the announcement of the Offer may cause difficulty in keeping the relations with Svitzer's management, employees, customers, suppliers and other trading partners, (vi) the risk that a shareholder related lawsuit on the Offer will be filed and the defence thereof may cost significant expenses or lead to large payments, (vii) the impact of changes in the legislative system, accounting standards and other management environments related to the relevant parties, (viii) issues in implementing business strategies, (ix) the impact of financial uncertainties and changes in other general economic and industrial conditions, (x) Offer costs, (xi) fixed or contingent liabilities that may materialize, and (xii) other risks set forth in the offer document publicly disclosed by APMHI or Svitzer. Neither APMHI nor Svitzer has a duty of updating the forward-looking statements as a result of the emergence of new information, future circumstances or other circumstances, unless the updating is explicitly required by applicable law. Attachments APMH Invest announces completion of purchase offer APMH Invest announcement of completion of purchase offerError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
