Almost 15.5 million euros corona state aid for Damen Shipyards
The Dutch Employee Insurance Agency (UWV) has revealed the amount of state aid companies have received as part of the Dutch government’s corona measures. On the list are also quite a few maritime companies. Dutch...Read more
State Secretary: Speeding up tender for Dutch submarines not an option
The decision on who will build the new Dutch submarines will not be taken before 2022. Despite government parties urging to speed up the process, particularly with the corona crisis in mind, the Dutch State...Read more
IHC built dredger Meuse River leaves for second sea trial
Trailing suction hopper dredger Meuse River has left Neptune Shipyards in Hardinxveld for a second sea trial on the North Sea, which is to last until 19 June. The ship was built at Royal IHC’s...Read more
Pandemic may break European taboo on state aid for maritime industry
For some shipbuilders in Spain, it’s just sour grapes. They are angry with the Dutch Government after its decision to save the Royal IHC shipyard from falling into Chinese hands. However, in his latest opinion...Read more
Shipbuilder IHC takeover completed – former State Secretary to supervise
Former Dutch State Secretary of Finance Menno Snel will become a member of the Supervisory Board of the recently rescued shipbuilding company IHC. On behalf of the Dutch State, he will supervise the course of...Read more
Banks lose over 200 million euros in rescue operation of shipbuilder IHC
During the rescue of shipbuilder Royal IHC in April, banks saw over 200 million euros evaporate. Rabobank in particular had to write down substantial amounts on loans. Moreover, the bank, which is also a co-shareholder...Read more
Royal IHC sells one of its new cutter heads with teeth
Royal IHC has sold one of its new CT cutter heads to an unnamed client. The cutter head is fitted with innovative teeth technology and its body including backing ring and hub, is cast as...Read more
Royal IHC launches cutter suction dredger for Suez Canal Authority
Royal IHC has launched cutter suction dredger Mohab Mameesh at its yard in Krimpen aan den IJssel, the Netherlands. The dredger is being built for the Suez Canal Authority and will be used to maintain...Read more
Royal IHC to supply trailing suction hopper dredger to Cameroon
To autonomously manage its dredging activities, Cameroon’s Port Authority of Douala (PAD) already acquired an IHC Beaver 50 cutter suction dredger and a DMC work boat in 2019. This first order will now be completed...Read more
Royal IHC to deliver two dredgers to APC in Jordan
Royal IHC has signed three contracts with the Jordan-based Arab Potash Company (APC). The first comprises the delivery of a custom-built cutter suction dredger and the second is a three-year maintenance contract for the IHC...Read moreDutch Government and companies rescue shipbuilder Royal IHC
The Dutch Government will contribute 400 million euros to saving Royal IHC. A consortium of HAL Investments, Ackermans & van Haaren, MerweOord and Huisman are said to make a similar effort. Goal of the rescue...Read moreDeal to keep shipbuilder IHC out of Chinese hands
A combination of investment company HAL, Van Oord and DEME are in talks to acquire Dutch shipbuilder Royal IHC or to strengthen its capital. The parties want to prevent crucial knowledge and technology of IHC...Read more