Marine link
 

Marine Electronics Merger Introduces New Player

ongsberg Norcontrol in a move to expand i£s presence in the marine electronics market. The new company, Kongsberg Maritime, combines more than $300 million in annual revenues from Simrad and Kongsberg and will account for more than half of all of Kongsberg's businesses, which include defense and aerospace products.

To best accommodate the maritime market, Kongsberg Maritime has been organized into four main operating divisions geared to serve specific markets. The new departments are: Kongsberg Norcontrol for the merchant marine; Kongsberg Norcontrol Systems for marine training and traffic management; Kongsberg Simrad for offshore and ocean science study; and Simrad for yachting and fisheries. The company also seeks to develop an extensive international network by employing 600 of its 1,600 workers in 20 different countries. "Each of the companies was already in a world-class league in its own niche," said Kongsberg Maritime President and CEO Jan Erik Korssjoen. "Current market trends indicate that the new company will have much brighter prospects for the future than the two operations would have had separately." , An order for an advanced shuttle tanker to be built by Astilleros Espanoles SA's Sestao yard will combine Kongsberg Simrad's dynamic positioning and process control with Kongsberg Norcontrol's integrated bridge systems




Maritime Security History

A Family Tradition With legal battles in the rearview mirror, McAllister is set to thrive
American Waterways Operators
API 1994 Tanker Conference
B+H Shareholders Favor R e o r g a n i z a t i on
Broad & Cassel Represents Commodore In Cruise Ship Acquisition
Chemical Carriers: The Slump Will Continue
Clean- Up Outfit Spiffs Up Operations
COMPANY PROFILE: IDB Mobile changes to compete
Eye On Interior Design: Challenges ln Designing A Riverboat Casino
FY '93 TRP Competition Complete: $190 Million Awarded
Gaming Boom Continues
Government Financing Guarantees Stir Interest In U.S. Ship Construction
Hearer, Faster & Cheaper,,. Distress Alerting Via Inmarsat
House Passes Maritime Subsidies Bill Overwhelmingly $1.2 Billion Earmarked For Maritime Security Fleet; Series Transition Payments To Come For Yards
IGBE To Feature Casino Boat Builders, Suppliers
Inland Issues Safety Of Towing Vessels, Environment; And Efficient Intermodal Shipping Top Agendas
Mackay Communications Helps Companios Embrace Safety and Digital Technology
MARITIME POLICY Should Be The Foundation Of Economic Reform
Mr. Mel: Taking Care of Business Powered By "Cats"
New Codes And Regulatory Concerns Force Industry To Take Notice
OSI Wins U.S. Contract
Pena Announces Vessel Design Compliance Initiatives
Seamen's Church Honors Industry Leaders At Annual Awards Dinner
Secretary Pena Tout's Mar Ad's Record At Industry Event In New Orleans
TECHNOLOGY UPDATE: TransFRESH's Tectrol Controlled Atmosphere Gives Shippers Options
THE HUMAN FACTOR: The Costs of Fatigue at Sea
Transitioning To The New World Order
U.S. MARITIME POLICY REFORM
USCG Approves First Oil Spill Response Plans
VT Acquires Ship Motion Control Specialist
 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright