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On Monday ThyssenKrupp, a German steel conglomerate, announced a merger of its shipyards with Howaldtswerke-Deutsche Werft, a German submarine-maker.
On May 17th ThyssenKrupp, a German steel conglomerate, announced a merger of its shipyards with Howaldtswerke-Deutsche Werft, a German submarine-maker.
ThyssenKrupp, a big steel company, recently took over Howaldtswerke-Deutsche Werft (HDW), Germany's biggest shipyard, which had passed into the hands of an American private-equity firm.
Photograph: Philippe Lopez/AFP/Getty Images 9.29am GMT Fog on the Ems: Workers from the Meyer Werft shipyard have a final look at the Norwegian Getaway cruise liner before it's being pulled by tugs down the Ems river towards the North Sea shortly after construction of the ship was finished at the shipyard near Leer, Germany.
At the moment, however, Pride of America -- the centerpiece of a two-ship project that started out in a Mississippi shipyard -- is listing at 15 degrees in the Lloyd Werft shipyard in Bremerhaven, Germany, where it was taken last year to be completed.
In Germany, after One Equity Partners of Chicago paid 700 million euros last year for Howaldtswerke-Deutsche Werft, a leading builder of nonnuclear submarines, the government proposed limiting foreign ownership of military contractors.
The architectural playground includes glass-box bistros like Kap am S i (www.kapamsuedkai.de), the soon-to-open art'otel (www.artotels.de) and galleries like Werft 11 (www.werft11.com).
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BABCOCK BORSIG A.G., Oberhausen, Germany, an engineering firm, said it would sell its 25percentt stake in Howaldtswerke Deutsche Werft A.G., the largest maker of nonnuclear submarines, to Banc One Corp., Chicago, the sixth largest U.S. bank.
Star is in talks with Meyer Werft of Germany and is adding the shipbuilding arms of Mitsubishi Heavy Industries Ltd. of Japan and Samsung Heavy Industries of Korea to its possible suppliers.
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