Germany

ThyssenKrupp Marine Systems

German defence group Rheinmetall has submitted a non-binding bid to acquire <a data-gid="gid://syiq/Company/8417" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="German Naval Yards (Company)">German Naval Yards Kiel (GNYK)</a>.<img src="https://photo-assets.superyachttimes.com/photo/119735/image/large-acfb0b7bab0c6365f9f60566481d2088.jpg" data-gid="gid://syiq/Photo/119735">The bid was disclosed as part of Rheinmetall’s first-quarter financial results on 7 May 2026, although it did not reveal the value of the offer. During the conference call, Rheinmetall CEO and Chairman of the Executive Board Armin Papperger, explained that the company had made a non-binding offer to acquire <a data-gid="gid://syiq/Company/8417" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="German Naval Yards (Company)">GNYK</a>.“We have now started a due diligence, and we expect over the next weeks that we will have a result about that so that we can give a binding offer also to enlarge our capacities in shipyards.”<a data-gid="gid://syiq/Company/8417" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="German Naval Yards (Company)">GNYK</a> is part of CMN Naval Group, the family-owned French shipbuilder active in both naval and yacht construction. In January 2026, German defence and shipbuilding group<a data-gid="gid://syiq/Company/1137" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ThyssenKrupp Marine Systems (Company)">&nbsp;Thyssenkrupp Marine Systems (TKMS)</a> also submitted a non-binding bid to acquire GNYK.Read:&nbsp;<a data-gid="gid://syiq/Article/65176" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TKMS submits non-binding bid for German Naval Yards (2026-01-16 15:00:00 +0100)">TKMS submits non-binding bid for German Naval Yards</a><img src="https://photo-assets.superyachttimes.com/photo/119742/image/large-8d47deb0b2710a78c1048265db2b1b5a.jpg" data-gid="gid://syiq/Photo/119742"><a data-gid="gid://syiq/Company/1137" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ThyssenKrupp Marine Systems (Company)">TKMS</a> confirmed to SuperYacht Times that it was still in negotiations to acquire the company. In a statement to SYT, the company said: “<a data-gid="gid://syiq/Company/1137" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ThyssenKrupp Marine Systems (Company)">TKMS</a> has submitted a non-binding offer to <a data-gid="gid://syiq/Company/8417" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="German Naval Yards (Company)">German Naval Yards (GNYK)</a>. Discussions between our two companies are continuing with an open outcome.”<a data-gid="gid://syiq/Company/8417" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="German Naval Yards (Company)">GNYK</a> reportedly employs around 400 people directly and in October 2025, the contract for the construction of the 114.1-metre superyacht <a data-gid="gid://syiq/Article/64446" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="German Naval Yards signs contract to complete 114m in-build Project ELF superyacht (2025-10-08 13:30:00 +0200)">Project ELF</a> was signed, with the yard unveiling the 93-metre superyacht concept, <a data-gid="gid://syiq/Article/64988" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="German Naval Yards unveils new 93m yacht concept Project KOA (2025-12-16 14:45:00 +0100)">Project KOA</a> in December 2025.Read: <a data-gid="gid://syiq/Article/64446" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="German Naval Yards signs contract to complete 114m in-build Project ELF superyacht (2025-10-08 13:30:00 +0200)">German Naval Yards signs contract to complete 114m in-build Project ELF superyacht</a><img src="https://photo-assets.superyachttimes.com/photo/374090/image/large-176e4c6ae9d16a2aefdd17a353aad349.jpg" data-gid="gid://syiq/Photo/374090">In March 2026, <a data-gid="gid://syiq/Company/8417" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="German Naval Yards (Company)">GNYK</a> also unveiled that they had signed for the hull and superstructure construction of a new <a data-gid="gid://syiq/Article/65656" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="German Naval Yards to build hull of +100m Abeking & Rasmussen superyacht (2026-03-18 10:00:00 +0100)">+100-metre superyacht</a> built for <a data-gid="gid://syiq/Company/44" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Abeking & Rasmussen (Company)">Abeking &amp; Rasmussen</a>. Very few details have been announced about the build, which has an estimated completion date of 2030.SuperYacht Times reached out to Rheinmetall and <a data-gid="gid://syiq/Company/8417" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="German Naval Yards (Company)">GNYK</a> for further details on the proposed acquisition, with both declining to comment. We will update this article as the story develops.

Rheinmetall submits non-binding bid for German Naval Yards

German defence group Rheinmetall has submitted a non-binding bid to acquire German Naval Yards Kiel (GNYK).

German defence and shipbuilding group <a data-gid="gid://syiq/Company/1137" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ThyssenKrupp Marine Systems (Company)">Thyssenkrupp Marine Systems</a> (<a data-gid="gid://syiq/Company/1137" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ThyssenKrupp Marine Systems (Company)">TKMS</a>) has submitted a non-binding bid to acquire Kiel-based shipyard <a data-gid="gid://syiq/Company/8417" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="German Naval Yards (Company)">German Naval Yards</a> (<a data-gid="gid://syiq/Company/8417" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="German Naval Yards (Company)">GNYK</a>).<img src="https://photo-assets.superyachttimes.com/photo/119735/image/large-bb59391d8d7f6a0cacd7c6b99a20eb8a.jpg" data-gid="gid://syiq/Photo/119735"><a data-gid="gid://syiq/Company/1137" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ThyssenKrupp Marine Systems (Company)">TKMS</a> confirmed the bid in a statement to SuperYacht Times stating: “<a data-gid="gid://syiq/Company/1137" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ThyssenKrupp Marine Systems (Company)">TKMS</a> has submitted a non-binding offer to <a data-gid="gid://syiq/Company/8417" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="German Naval Yards (Company)">German Naval Yards</a>. Discussions between our two companies are continuing with an open outcome.” At present, no financial terms or strategic details of the bid have been disclosed.<a data-gid="gid://syiq/Company/1137" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ThyssenKrupp Marine Systems (Company)">TKMS</a>, which was spun off from its parent company Thyssenkrupp in October 2025, indicated that it expects a decision on the possible purchase “soon.” This comes as part of its ambition to expand, following the increased demand for defence equipment.<img src="https://photo-assets.superyachttimes.com/photo/374090/image/large-176e4c6ae9d16a2aefdd17a353aad349.jpg" data-gid="gid://syiq/Photo/374090">Owned by the CMN Naval group, <a data-gid="gid://syiq/Company/8417" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="German Naval Yards (Company)">GNYK</a> employs around 400 people and specialises in naval and yacht construction. In October 2025, the contract for the construction of the 114.1-metre superyacht Project ELF was signed, with the yard unveiling the 93-metre superyacht concept, <a data-gid="gid://syiq/Article/64988" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="German Naval Yards unveils new 93m yacht concept Project KOA (2025-12-16 14:45:00 +0100)">Project KOA</a> in December 2025.Read: <a data-gid="gid://syiq/Article/64446" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="German Naval Yards signs contract to complete 114m in-build Project ELF superyacht (2025-10-08 13:30:00 +0200)">German Naval Yards signs contract to complete 114m in-build Project ELF superyacht</a>According to Reuters, British defence and industrial group Inocea were also in talks to buy the yard, suggesting a broader interest as European defence firms look for effective ways to expand.SuperYacht Times has reached out to <a data-gid="gid://syiq/Company/8417" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="German Naval Yards (Company)">GNYK</a> for further details on the proposed acquisition and will update this article as the story develops.&nbsp;

TKMS submits non-binding bid for German Naval Yards

Thyssenkrupp Marine Systems (TKMS) has submitted a non-binding bid to acquire Kiel-based shipyard German Naval Yards (GNYK).

To drive the next development phase of Montenegro-based shipyard <a data-gid="gid://syiq/Company/6770" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Adriatic 42 (Company)">Adriatic 42</a>, the company has appointed a new senior management team, naming Klaus Borgschulte as CEO and Dirk Malgowski to lead commercial and corporate development initiatives.<img src="https://photo-assets.superyachttimes.com/photo/371555/image/large-a9cdd6cb4506b124d6157a8305a1a2a9.jpeg" data-gid="gid://syiq/Photo/371555">“As we now embark upon a very substantial and challenging programme of further development and growth at our yard, we are delighted to welcome the duo of Klaus and Dirk whose collective experience in the yacht and shipbuilding and refit industries is almost unrivaled,” said <a data-gid="gid://syiq/Company/6770" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Adriatic 42 (Company)">Adriatic 42&nbsp;</a>Chairman David Margason.<img src="https://photo-assets.superyachttimes.com/photo/371583/image/large-35aa7ebbb1b9b64f1d340784055aff4f.jpg" data-gid="gid://syiq/Photo/371583">Klaus succeeds outgoing CEO Eric Robert-Peillard, who has overseen the yard through a series of complex and high-value refits over the past year. Commenting on the appointments, <a data-gid="gid://syiq/Company/6770" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Adriatic 42 (Company)">Adriatic 42&nbsp;</a>Chairman David Margason said of Eric:“We would like to thank Eric for his tremendous efforts of the past year during which <a data-gid="gid://syiq/Company/6770" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Adriatic 42 (Company)">Adriatic 42</a> has bid, won and delivered multiple service and refit projects and moved substantially up the ladder of size and complexity of projects delivered.”<img src="https://photo-assets.superyachttimes.com/photo/371582/image/large-568cea37abd041a7526f1c116da42c8d.jpg" data-gid="gid://syiq/Photo/371582"> For nearly two decades, Klaus and Dirk have collaborated at <a data-gid="gid://syiq/Company/1137" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ThyssenKrupp Marine Systems (Company)">ThyssenKrupp</a> and <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> shipyards, where they played key roles in the construction and refit of several notable superyachts.&nbsp;“We look forward to their bringing this enormous experience to bear on our exciting future plans which are in the advanced stages of planning and are now beginning their implementation and to being able to update our clients and the wider industry of those plans soon,” concluded David.

Adriatic 42 new senior management team

 To drive the next development phase of Montenegro-based shipyard Adriatic 42, the company has appointed its new senior management team.

Adriatic 42 appoints Klaus Borgschulte as CEO and Dirk Malgowski to leadership team

A self proclaimed ‘young designer’, serial car enthusiast, and all-round cool dude, Igor Lobanov’s story to reaching the upper level of superyacht designers is a brief but highly eventful one. This Russian-born designer’s route to the success that is following his studio today is backed up by years of hard work and navigating a minefield of decision-making games to where Lobanov Design find themselves now. As the name behind the ever illusive 85-metre Oceanco superyacht Y708, and with another 110-metre monster recently launched at the Dutch shipyard, Lobanov tells us that these current events are but the tip of an iceberg of dedication and perseverance, but also that starting at the bottom doesn’t have to mean starting small.

<img alt="" src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/164959/image/large-a52e44bc048c48bdda2e7ba622d21fe0.jpg" data-gid="gid://syiq/Photo/164959">

Living in Italy with his wife and design partner, Yulia, it is on a sunny and bright day in Monaco that I meet with Igor. His ‘Mr. Anderson’ sunglasses, rolled-up sleeves and custom forearm tattoo makes him stand out from the stiff yacht show crowd. Igor is here to do business, not to blend in. Armed with a suitcase and poster tube filled with confidential sketches, this is an opportunity to meet with new and old clients to discuss the studio’s potential next project. But how did Lobanov get here? And what is a Russian car designer doing designing yachts?

Can you tell us about your history and how you got into yacht design?

I used to be a car designer, and that was going to be what I would do for the rest of my life. I studied car design in Italy and also at Coventry University until 2001. After that I was awarded an internship at the exterior design department at Volkswagen Wolfsburg. It so happened that while I was looking for a job after my internship, I ended up with a project management position for a new build superyacht project. Not only a project manager, but the owner was in search of a representative who understood the design of the project. The project was the 119-metre M/Y A, and I was blown away when I saw the first sketches of the design. I accepted the offer and that was my first step into the yachting industry. I feel it was a bit of luck, but I also had a strong design portfolio of cars and planes at the time to back it up with.

The next two to three years were spent as owner’s representative on the project, but I was constantly reminded that design is the actual field where I wanted to work in. I looked at the design of the other designers in the business and realised that I could also tell my story.

When did you receive your first break as a designer?

I signed my first project in 2007. It was a 120-metre design that was developed by me as consultant to the client. We worked together with the client in 2007 on finalising the design. When 2008 hit and the financial crisis exploded, the project was put on hold. The whole deal was eventually canceled. Although very unfortunate, we gained valuable experience and some much needed funds from the project. Following this setback, I continued to invest in my designs and managed to create a new model together with ThyssenKrupp, namely the 101-metre Liza, with whom I worked with on M/Y A. I also got a break from Lürssen in 2007 who supported my project, White Night. I remember Michael Breman taking one look at my design and said just ‘put your model here at our stand’. I was lucky to spend the entire Monaco Yacht Show that year with them which was very valuable.

How did your relationship with Oceanco start?

It was around that time that I came across Oceanco, and I was completely inspired by the open mindedness of the shipyard, but also the creativity of Nuvolari Lenard who they were working with already at the time. I told myself, this is a shipyard I would like to work with. It took me a few meetings with the shipyard owner and board of directors, but eventually they asked me to design something similar to the Liza concept. Now, I couldn’t possibly have repeated exactly the same design, but at least that steered me in the right direction. And that is how project Y708 started. It wasn’t easy, we had to go up against a number of other well known designers, Nuvolari Lenard being one of them. But we won the tender and signed what would eventually become our first completed new build contract.

<img alt="" src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/164960/image/large-9371a8928c9636b0df38bdf313c727a3.jpg" data-gid="gid://syiq/Photo/164960">

Y708 is highly secretive yacht. How difficult has it been to have received hardly any publicity following the delivery of the project?

Since Y708, we have realised how important it is to receive exposure about our work. Not only to show what we are capable of as a studio, but also to attract future clients who can relate to our style. Y708 is one of those special cases where the owner desires absolute privacy. This makes things a bit more difficult for us, but of course we respect the client’s wishes. Other clients are quite happy for us to release our work. Phoenicia for example, which was designed for one client specifically, allowed us to do so. It is an enormous boat which has been designed to be built. It certainly is possible, but if he decides to build it remains to be seen.

<img alt="" src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/164961/image/large-134cac2661d48c8e52c97d1e8566e061.jpg" data-gid="gid://syiq/Photo/164961">

<img alt="" src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/164962/image/large-c59703f54fe0581e3c2e0e20e46c8bba.jpg" data-gid="gid://syiq/Photo/164962">

How did a designer from Russia end up in Italy?

It was a natural path that I followed as a result of my passion for yachts. There is an industry here, I like being by the sea and the mountains and that is something I couldn’t find in Moscow.

With your background in automotive design, how does the yacht design industry compare to other fields of design, and where do you see us heading to?

I feel that the yacht design industry has only picked up the pace over the last five years or so, in terms of catching up with other fields of design. Not too long ago things still moved very slowly and could even be described as boring. There have always been unique projects such as M/Y A, Wally Power, Alfa Nero and Silver Yachts’ Silver Series that pushed the boundaries and set the tone for where we should be heading. And as we progress as an industry I foresee that we will start seeing more and more diversity in designs as you find in the automotive world and architecture today.

Do you find it valuable to collaborate with designers from outside the yachting industry in order to provide a fresh approach to any project?

Certainly. It is not always easy though as product designers, architects, and car designers bring a certain perspective to a project that is not always applicable to our industry. Having said that, involving these external parties is a great way to get a view from a fresh pair of eyes who hasn’t been staring at the same drawings for the last three months.

How much does an 85-metre project differ from the work needed to design a 110-metre vessel like the one currently in build at Oceanco?

In the case of Oceanco, our first project with them, Y708, was based on a fully engineered platform. Everything from main deck down was already drawn up and developed. So that makes your work a lot easier. With Y714, Oceanco entrusted us to design a completely new yacht which is considerably more work.

<img alt="" src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/164963/image/large-d57d67fd9d74a7aa1e06e7132ee54fdd.jpg" data-gid="gid://syiq/Photo/164022">

<img alt="" src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/164964/image/large-7189301e699b525d0390dc375699f851.jpg" data-gid="gid://syiq/Photo/164047">

Do you feel there is enough being done to promote and encourage young designers in the yachting industry?

(Laughing) I think they are not promoted at all. The reality is that the hardest thing for a young designer is to sign his/her first project - and the second one. After three projects, things start to happen. Before that you are still a beginner. I can confidently say that we still regard ourselves as beginners and we will act as young designers - aggressively, foolishly - while delivering really powerful designs.

What is next for Lobanov Design?

We decided to head in the direction of smaller yachts; namely in the 40, 50, 60-metre size range. This is simply an attempt to yield results faster and it will allow us to work together with more shipyards, mostly in Italy and Holland.

This article was published in the latest edition of the SuperYacht Times newspaper. Subscribe now to receive your copy straight to your door and never miss another issue.

<a href="http://www.superyachtcompany.com/newspaper/the-superyacht-times-subscription" target="_blank"><img alt="[no-lb]" src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/164965/image/large-8c335445ffb50d370a043ddfe3d7223a.jpg" data-gid="gid://syiq/Photo/161506"></a>

Insight: Thinking ahead with Lobanov Design

According to Reuters, ThyssenKrupp , Germany's biggest steelmaker, has scrapped a deal for Abu Dhabi MAR to buy its Blohm + Voss civilian shipbuilding assets, due to political changes in the Middle East. In April 2010 we reported that the contract between Abu Dhabi MAR, the international shipbuilding group based in Abu Dhabi, and ThyssenKrupp Marine Systems would include the acquisition of Blohm + Voss Shipyards in Hamburg and the civil shipbuilding facilities of the former HDW Gaarden including employees in Kiel. Abu Dhabi MAR would also acquire an 80% stake in each of Blohm + Voss Repair and Blohm + Voss Industries, both of Hamburg. This deal now seems to be off the table. ThyssenKrupp said today that a separate planned joint venture with ADM, to sell naval surface ships to the Middle East and North Africa had also fallen apart. ThyssenKrupp affirmed it's strategy of focusing only on military shipbuilding.

Breaking News: Abu Dhabi MAR deal to buy Blohm + Voss falls through

Abu Dhabi MAR, the international shipbuilding group based in Abu Dhabi, and ThyssenKrupp Marine Systems have signed a contract for the sale of Blohm + Voss to Abu Dhabi MAR. The contract includes the acquisition of Blohm + Voss Shipyards in Hamburg and the civil shipbuilding facilities of the former HDW Gaarden including employees in Kiel. Abu Dhabi MAR will also acquire an 80% stake in each of Blohm + Voss Repair and Blohm + Voss Industries, both of Hamburg. <img alt="" src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/130903/image/large-4e149180229207a32bb1a2f3f1c689bf.jpg" data-gid="gid://syiq/Photo/128304">The parties also agreed on the formation of a 50:50 strategic partnership for the design and program management of naval vessels. The two companies had already signed a memorandum of understanding on this in October 2009. His Excellency Ahmad Darwish Al Marar, Chairman of Abu Dhabi MAR, said: “This agreement is an important milestone for Abu Dhabi MAR in the implementation of our strategy to position ourselves as a world leading shipbuilding company. The aim of this transaction is to generate long-term growth, strengthen the international market position of the company, expand our product range and gain access to new customers.” “In Abu Dhabi MAR we have found a suitable partner for a highly promising long-term relationship. This strategic partnership represents a solid foundation for the future of the shipyard and will make it possible to attract new customers,” said Dr. Olaf Berlien, member of the Executive Board of ThyssenKrupp AG. The transaction is subject to clearance required under merger control laws. For the naval activities, the transaction is also subject to the approval of the German government under the provisions of the Foreign Trade Act (Außenwirtschaftsgesetz). The closing is expected to take place by the end of June 2010. Abu Dhabi MAR was advised by International Investment House, the investment company headquartered in Abu Dhabi, as well as Corporate Finance Advisor Hans Lotter, the international law firm Allen &amp; Overy LLP and Deloitte &amp; Touche GmbH, the accounting firm. Abu Dhabi MAR Group +33 4 86 11 91 58 <a href="mailto:info@abudhabimargroup.com?subject=Abu%20Dhabi%20MAR%20Group%20on%20SuperYachtTimes.com">info@abudhabimargroup.com</a> <a target="_blank" href="http://www.abudhabimargroup.com">www.abudhabimargroup.com</a> ThyssenKrupp Marine Systems <a target="_blank" href="http://www.thyssenkrupp-marinesystems.com">www.thyssenkrupp-marinesystems.com</a> Blohm + Voss Shipyards +49 (0)40-3119 0 <a href="mailto:bvs@thyssenkrupp.com?subject=Blohm%20+%20Voss%20%26%20Abu%20Dhabi%20MAR%20%28SuperYachtTimes.com%29">bvs@thyssenkrupp.com</a> <a target="_blank" href="http://www.blohmvoss.com">www.blohmvoss.com</a>

Abu Dhabi MAR and ThyssenKrupp Marine Systems establish strategic partnership

Abu Dhabi MAR Group, the international shipbuilding group based in Abu Dhabi, and ThyssenKrupp Marine Systems, part of ThyssenKrupp, have agreed on a close strategic partnership. Following the acquisition of Nobiskrug Shipyard in Rendsburg, Germany, the envisaged partnership is a further step for Abu Dhabi MAR Group towards creating a world leader in naval and mega-yacht building. The strategic partnership involves the formation of a 50:50 joint venture, Blohm + Voss Naval, for the design and manufacturing of naval surface ships (frigates, corvettes and offshore patrol vessels). It also involves Abu Dhabi MAR Group owning a majority stake of 80% in the mega yacht business and in each of the companies “Blohm + Voss Shipyards”, “Blohm + Voss Repair” and “Blohm + Voss Industries”. H.E. Ahmad Darwish Al Mara, Chairman of Abu Dhabi MAR Group, said: “The strategic partnership with ThyssenKrupp presents a compelling opportunity for Abu Dhabi MAR Group to position the group as world leader in naval and megayacht building.” Abu Dhabi MAR Group is a major shipbuilder in the heart of the Gulf Region providing its customers with innovations and creative solutions based on high engineering standards. “The joint shipbuilding group will capitalize on our combined expertise and the commitment to deliver the highest technological standards for our future customers. We believe that together with the highly qualified and experienced employees of Blohm + Voss, we will be able to design and build excellent and competitive products for our sophisticated customers worldwide,” added Mr. Al Marar. The transaction is subject to the approval of the supervisory bodies of both groups. For the naval side, the transaction is subject to disclosure requirements under the German Foreign Trade and Payments Act (AWG). Abu Dhabi MAR Group Abu Dhabi MAR Group, a holding company based in Abu Dhabi, is an international, fast growing shipbuilding group. The group has the capacity of building civilian ships up to 200 meters as well as military and commercial vessels. The group is jointly owned by Al Ain International Group (70%) and Privinvest (30%). Mr. Iskandar Safa is the Managing Director of Abu Dhabi MAR Group. Abu Dhabi MAR Group’s order book exceeds today 1 billion Euros. The shipbuilding group employs 2,000 people globally, of which 250 are designers and engineers. ThyssenKrupp Marine Systems ThyssenKrupp Marine Systems is a leading European systems house supplying submarines, naval surface ships and premium segment yachts to customers globally. The company’s outstanding shipbuilding competence includes repair, services and ships’ components. Abu Dhabi MAR Group +33 4 86 11 91 58 <a href="mailto:info@abudhabimargroup.com?subject=Abu%20Dhabi%20MAR%20Group%20on%20SuperYachtTimes.com">info@abudhabimargroup.com</a> <a target="_blank" href="http://www.abudhabimargroup.com">www.abudhabimargroup.com</a> ThyssenKrupp Marine Systems <a target="_blank" href="http://www.thyssenkrupp-marinesystems.com">www.thyssenkrupp-marinesystems.com</a> Blohm + Voss Shipyards +49 (0)40-3119 0 <a href="mailto:bvs@thyssenkrupp.com?subject=Blohm%20+%20Voss%20%26%20Abu%20Dhabi%20MAR%20%28SuperYachtTimes.com%29">bvs@thyssenkrupp.com</a> <a target="_blank" href="http://www.blohmvoss.com">www.blohmvoss.com</a>

Abu Dhabi MAR Group and ThyssenKrupp agree to establish longterm strategic partnership

As part of its active portfolio management activities, ThyssenKrupp Technologies is selling the Rendsburg/ Germany-based shipyard Nobiskrug GmbH. Nobiskrug, a subsidiary of ThyssenKrupp Marine Systems, has 400 employees and generated sales of 81 million euros in fiscal 2006/2007. The buyer, Guernsey based Eagle River Capital Ltd., is part of a group of companies focused on the produc¬tion and sale of ship components, providing also engineering services and commercial facility management. With Nobiskrug, Eagle River Capital Ltd. acquires a long-standing inland shipyard, established in 1905, which is focused on the construction of mid-size mega yachts and provides refitting and repair services. The acquisition takes economic effects retroactively as of October 01, 2007 and is subject to the approval of the supervisory bodies.

ThyssenKrupp Marine Systems sells Nobiskrug GmbH

ThyssenKrupp Marine Systems presents two new 100m+ superyacht designs. The 101m Striker was designed by Luiz de Basto and Igor Lobanov designed the 100m Liza. <img alt="" src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/123644/image/large-08990c12b63a891d2763afdb52cebc68.jpg" data-gid="gid://syiq/Photo/123644"><a href="#managed-by-application" data-legacy="true" data-gid="gid://syiq/YachtModel/1834">Striker</a>, a 101m Yacht developed together with the well-known designer Luiz de Basto from Luizdebasto Design, USA, is a definitively striking yacht with extremely large interior and exterior spaces for both the Owner and his 16 Guests. Striker has an exceptionally designed pilot house on the top deck allowing a breathtaking 360o view. One deck lower is totally dedicated to the Owner having a stunning view from the stateroom facing the bow and a very large balcony with a private Jacuzzi and plenty of space to relax in front of it. The guests are accommodated in 2 VIP cabins with large private verandas on the upper deck and 6 guest cabins on the main deck. <img alt="" src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/123645/image/large-07aae6c44f8d91b069fc342dfe9d20ce.jpg" data-gid="gid://syiq/Photo/123645"><a href="#managed-by-application" data-legacy="true" data-gid="gid://syiq/YachtModel/1835">Liza</a>, a 100m Yacht developed together with the designer Igor Lobanov from Lobanov ltd., London, is showing how elegant and powerful at the same time a 100m yacht can look like. The hull design with quite angular lines in the bow part is reminding of navy vessels and the superstructure with only two decks and a sun deck give to Liza the look of a sport car at sea. On Liza the Owner has his own private deck above the bridge deck including a very private balcony towards the bow just in front of the spacious owner’s suite and private access to the sun deck where a Jacuzzi is located with a further sunbathing area and a bar with premium view. Liza stands out from all other yachts of her size by having a wonderful and very large wellness area on main deck including a big gym, a sauna, a cold bath, a massage room and a rest area where a further dining or sitting saloon would normally be located. This wellness area has a direct access to the outdoor pool and to the Jacuzzi and is also very close to the beach platform as it is to be reached via a double staircase in the aft of the yacht. For more information please visit: <a target="_blank" href="http://www.l-xxxlyachts.com/">http://www.l-xxxlyachts.com/</a>