Dutch Dredger Builders Detach

IHCCaland Shareholders in Hollands approved the sale last month of the groups shipyards to their management, supported by the equity arm of Rabobank.

The report recommends 25 wharves west of the Thames Barrier should remain safeguarded, while three wharves west of the Barrier should be released from safeguarding and 19 wharves east of the Barrier are denied protection.

The IHC Holland yards at Sliedrecht and Kinderdijk as well as the Merwede Shipyard at Hardinxveld-Giessendam have built dredgers and other specialised vessels for centuries. The parent company will now concentrate on building and operating floating production and storage platforms for the oil industry.

MJ Information No: 20416