Companies In Europe
L-3 Marine & Power Systems (M&PS) has extended its presence into the Brazilian marketplace by opening a new office and appointing key local staff. All regional operations for the new Brazilian office will be led by Jonas Henrique Lobo. Lobo will serve as the director of business development for the L-3 Marine & Offshore Brazil office, reporting directly to Brian Pope, senior vice president of business development for L-3 M&PS. The new Brazilian office will be supported by L-3 Marine & Offshore companies in Europe, Canada and the U.S.A. In addition to its L-3 team, the office will partner with local businesses to utilize local competencies and production facilities, assuring optimum responsiveness for its customers. Prior to joining L-3, Lobo was the business development manager at Mitsui & Co., Ltd. in Brazil. With more than 20 years of experience in the shipbuilding and offshore industries, Lobo recently held positions of increasing responsibility as managing and financial director for Mitsui’s subsidiaries, created to develop specific oil and gas related projects. He earned a bachelor’s degree in Business Administration from Candido Mendes University and MBAs from American Management Association and CICOM Brains Inc.
US Firm, Tidewater, agrees with HitecVision to purchase Norway's Troms offshore, including 5 large PSV's. Tidewater say that the acquisition of Troms Offshore, headquartered in Tromsø, Norway, will expand their global footprint into the Norwegian sector of the North Sea and supplement their experience and vessel fleet operating in harsh environments, including cold climates. The Troms Offshore-owned fleet is expected to include five large
With the departure of the vessel Fortunagracht out of Antwerp, Belgium over the weekend, the Cleveland-Europe Express service between the Cleveland Harbor and Europe via the Saint Lawrence Seaway has officially launched. The vessel is loaded with breakbulk and containerized cargo and is set to dock in Cleveland around April 17. The Cleveland-Europe Express is the only regular, scheduled international container and noncontainerized cargo service on the Great Lakes
The UK P&I Club has announced that it is reorganizing its structure to establish UK Europe as the sole provider of direct insurance to UK Club members. By reducing the number of separately regulated insurers from two to one, the UK Club aims to streamline governance, reduce compliance costs, and manage more efficiently the Club’s solvency capital requirements, while meeting the impending Solvency 2 regulations for insurers in the European Union.
Mitsui O.S.K. Lines, Ltd. (Tokyo) and Höegh Autoliners AS (Oslo) have set up a 50/50 joint venture in Europe, integrating the existing European short sea and logistics activities of both shareholders and of Euro Marine Carrier BV. The new company, named Euro Marine Logistics NV (EML), was registered in March 2011 and has its offices in Meise (Brussels), Belgium. EML is a common carrier and started trading in the second week of June
Aker Yards, builder of cruise and offshore vessels, changed its name to STX Europe. The name change reflects the entry of the South Korean-based STX Business Group as principal shareholder in the company during summer 2008. Effective Nov. 3, the international shipbuilding group Aker Yards, with head office in Oslo, Norway, and all its subsidiaries, will share the common brand STX Europe.STX Europe specializes in designing and building advanced cruise ships and purpose-built vessels for
Reflex Marine continues to expand its global network of Accredited Service Centers with its latest addition, Fano Kran-Service A/S (Fano Kran) located in Denmark. Reflex Marine is a company in marine transfer solutions to the offshore, marine and renewable industries and has largely specialized in crane transfer and offshore access with its two key products, FROG and TORO, driving forward improved safety standards
The French Republic became a 33.34 percent shareholder in STX France and its shipyards in Saint-Nazaire and Lorient. STX Europe is a builder of cruise ships and ferries, with a market share of 35 - 40 percent. The company builds cruise ships at its yards in France and Finland. The French yards also have experience with navy vessels. Other shipyards in STX Europe are build specialized offshore vessels. The new agreement between STX Europe and the French Republic is a realization of
STX Europe Holding AS, a wholly owned subsidiary of STX Europe AS (STX Europe), has agreed to sell part of its equity interests in STX OSV Holdings Limited (STX OSV) to investment funds affiliated with OZ Management LP (Och-Ziff). The placement of 215,590,000 ordinary shares by STX Europe will be at a price of S$1.33 per share. This amounts to approximately 18.27% of the total issued share capital of STX OSV. Following the sale, STX Europe will hold 598,851
Resolve Salvage & Fire (Europe), Ltd., the European emergency response subsidiary of U.S.- based Resolve Marine Group, Inc., has added a new office at 23, Austin Friars, London, expanding the company’s U.K. operations base. The 34-year-old marine salvage, emergency response and wreck removal company has been steadily expanding, both geographically and in its service offerings for the international maritime industry.
Chemical Tankers had an EBITDA of $24 million, compared with $17 million in the first quarter. Improved utilization with only minor interruptions of trade. Time-charter results were up by 10%. Odfjell's shareholding in the tank terminals business delivered an EBITDA of negative $10 million in
Visit of the President of the French Republic François Hollande to the Reunion Island Rodolphe Saadé intends to turn Port Réunion into CMA CGM Group strategic maritime hub in the Indian Ocean; New sourcing and export opportunities for the Reunion Island economic players; new
The International Marine Contractors Association (IMCA) Secretariat says that Chris Baldwin has joined its team as a Technical Adviser following a short secondment from the Royal Navy. The association has a strong team of eight Technical Advisers working with Jane Bugler
UTi Worldwide Inc., a global supply chain services and solutions company, together with its client, Ansell Limited, named Safmarine its "Partner of the Year" for 2013-2014 during their annual Ocean carrier performance review meeting in July
Team Niinivirta, a Finnish family-run transportation firm, turned 60 this year, but its third-generation managers now don't know if the business will see Christmas, because of Russia's new ban on European food imports. The firm based in Kotka, on the Gulf of Finland opposite Saint Petersburg
Danish Maritime Authority (DMA) has brought out new marketing material depicting their strong and open maritime cluster, focusing on quality shipping, health, safety and the environment. Together with stakeholders from Blue Denmark, the DMA has developed new
The number of container ships transporting goods around the world has fallen in the first half of 2014 but the total capacity of the global fleet continues to increase, consulting firm Drewry Maritime Research said in a note on Monday. Drewry Maritime Research foresees a fall in the number of
A combination of three Dutch offshore companies realized a unique operation in the North Sea, installing a giant ‘power socket’, the SylWin alpha platform. Siemens commissioned Seaway Heavy Lifting to perform an unusual operation that in turn called in the assistance of maritime
Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell by 10.7 percent to $1,198 per 20-foot container (TEU) in the week ended on Friday, a source with access to data from the Shanghai Containerized Freight Index told Reuters.
Russian President Vladimir Putin on Thursday said he believed many European leaders were eager to end the standoff over sanctions with Russia. "I think that many in Europe including the politicians, my colleagues, ... (want) to get out as soon as possible of a situation
Macro Economics: Take nothing for granted; we need reforms to improve economic performance Global economy The International Monetary Fund (IMF) has downgraded its global growth projection from 3.7% in April to 3.4% in July. The adjustment is primarily due to the large negative result in the U.S
ABB, the leading power and automation technology group, has won an order worth around $30 million from DONG Energy, a leading wind power development company, to supply a high-voltage export cable system that will transmit power from the Burbo Bank Extension Offshore Wind Farm in the UK.
American Power Group Corporation (APG) announced they will be working with Marine Fuel Conversions, LLC (MFC) to evaluate potential applications and opportunities for APG’s dual fuel solution specifically in marine applications including on-board prime and ancillary power as well as port
APM Terminals Izmir, Turkey, says the installation of new ZPMC container cranes in Petkim Port will allow shipping lines to upgrade the size of vessels calling at Izmir, in Western Turkey, as well as introduce direct calls from Asia, the sub-continent and the Middle East for vessels larger than 10
Toronto-headquartered Livingston International says it has acquired New York-based FPA Customs Brokers, Inc. “We look forward to welcoming the FPA team and their clients into the Livingston family,” said Livingston CEO Steven C. Preston.