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Expansion Plans News

16 Jan 2024

Trans Global Projects Appoints New Director

Trans Global Projects (TGP) has appointed Dominic Toh as Director, Singapore, as part of its strategy to capitalise on strong growth in the project cargo market of southeast Asia.Toh, who is the company’s second key hire since the start of January 2024, brings nearly three decades of logistics’ experience, including from several major multinational project logistics organisations.Based out of TGP’s Singapore office, Toh will be focused on strengthening the company’s growing presence and project capability in southeast Asia…

16 Nov 2023

SWITCH Maritime Raises $10 Million to Grow Its Green Ferry Fleet

Sea Change (Photo: SWITCH Maritime)

SWITCH Maritime announced plans to grow its U.S. fleet of zero-emission ferries following the completion of a $10 million in a Series A round led by Nexus Development Capital.Founded in 2018, SWITCH’s mission is to enable private and public municipal ferry operators to more easily replace their carbon-intensive, diesel-powered fleets while reducing operating and fueling costs over the lifetime of their vessels.The fundraise comes on the back of the completion of its flagship zero-emission vessel…

16 Oct 2023

Insights: Blaine Dempke, CEO, Markey

Blaine Dempke, CEO, Markey (Photo: Markey)

Established in 1907 as the Industrial Revolution arrived to Seattle, Markey is the oldest privately-held winch manufacturer in the United States today. The company was formed in the Georgetown District of what later became known as King County, Wash. The Markey sign above its original manufacturing plant, on Horton Street, is still retained, although Markey has since moved to its current facility on 8th Avenue South.Markey was a major supplier to the U.S. Navy in both world wars…

21 Mar 2023

Optimarin Expands into China to Boost BWTS Availability for Shipbuilders

Timely delivery and low cost are important in supplying ballast water treatment systems for newbuilds, according to Optimarin. Photo: Adobe Stock

Optimarin is setting up a manufacturing base in China to boost the availability of its ballast water treatment system (BWTS) for the Asian shipbuilding market. It also targets further retrofits of the existing fleet.The Norwegian BWTS supplier is now pursuing partnerships with several Chinese suppliers to focus on high-quality production of BWTS components at a reasonable cost for delivery to regional yards, according to Optimarin’s Executive Vice President Sales & Marketing Tore…

27 Oct 2022

Floating on Bubbles: Carnival Corp expands use of Air Lubrication to cut Emissions

A 'bubble carpet' aims to help ships reduce drag and consumption. Image courtesy Silverstream

As the ship owners globally experiment with technologies to help incrementally cut emissions to meet stringent new IMO mandates, news out of south Florida indicates that Carnival Corporation, the world's largest cruise company, has made plans to expand the installation and use of Air Lubrication Systems (ALS) to a majority of the cruise line brands in its fleet through 2027; a move the cruise major expects witll generate "significant savings in fuel consumption and carbon emissions" by reducing hull drag by approximately 5% per ship.The pick for air lubrication is the Silverstream System ALS…

18 Jul 2022

Guyana Races Against the Clock to Bank Its Offshore Oil Bonanza

Liza Destiny FPSO offshore Guyana - Credit: Rolf Jonsen

For the poor, small South American country of Guyana, there's no time like the present when it comes to reaping the rewards of its offshore oil jackpot.With sky-high oil prices, a transition to renewable energy on the horizon, and 750,000 citizens desperate for better lives, Guyana is putting its foot on the gas to exploit its vast oil reserves, even if that means sacrificing some longer-term gains.Already locked into contracts with oil firms that have been criticized for being too one-sided…

04 Apr 2022

Sembcorp Marine Orders Kongsberg Tech for Maersk WTIV

Credit: Kongsberg Maritime

Norwegian maritime technology and equipment provider Kongsberg Maritime has won will supply a technology package for a new Wind Turbine Installation Vessel that Singapore's Sembcorp Marine is building for the Danish offshore service provider Maersk Supply Service.Kongsberg Maritime will supply the complete electrical system and the integrated control system for the WIV. The system will ensure optimal performance irrespective of weather conditions and sea states.Importantly, Kongsberg said…

16 Mar 2022

Ince Appoints New Joint Managing Partners for Dubai Office

From left: Alastair Holland and Mohamed El Hawawy (Photos: Ince)

International legal and professional services firm Ince has appointed partners Mohamed El Hawawy and Alastair Holland as new joint managing partners of its Dubai office to lead Ince’s business in the Middle East.Mohamed El Hawawy is a UAE shipping lawyers, specializing in litigation and dispute resolution. He assists local and multi-national companies on shipping disputes in the Middle East and has advised on numerous high-profile cases and casualties in the UAE, Egypt, Qatar, Saudi Arabia and Kuwait.

09 Sep 2021

It’s European Design, But Built For The Jones Act Market

(Image: Damen)

The Netherlands-based Damen Shipyards Group is one of the industry’s largest and most recognized shipbuilders, perhaps best known for its standardized, serial production workboats. Now with several dozen newbuild and repair yards on the map, the company has produced more than 6,000 vessels over its 90-year history—from harbor tugs and offshore supply ships, to ferries and patrol craft. But Damen does not have a shipyard in the United States, and therefore doesn’t directly build vessels for the Jones Act market. Instead, it licenses its designs to U.S.

22 Jul 2021

Japan's Power Plan to Rattle Australian Coal, LNG exporters

An LNG plant in Australia - Credit: 4680.photos/AdobeStock

Japan has been largely forgotten as a source of demand for energy commodities, overshadowed by the rapid rise of China, but the country's new electricity generation targets will shake the market up.For many years Japan has been viewed as a largely steady source of demand for liquefied natural gas (LNG) and thermal coal used in power generation, with small variations in the volumes imported on a year-by-year basis.But this comfortable situation for commodity producers supplying…

15 Jul 2021

Asyad Looks Abroad for Possible Expansion

(Photo: Asyad)

Oman's state-owned Asyad is considering buying ports and terminals abroad and could divest assets outside its core logistics business, such as a college and project management operation, its chief executive said on Thursday.The plans by the company, which is owned by the Oman Investment Authority, align with the small oil producing Gulf state's broader strategy to reduce reliance on crude revenues and expand its non-oil industries.Chief Executive Abdulrahman Salim Al Hatmi told…

12 May 2021

Suez Canal Expansion Plans Lift Dredging Firm Boskalis

(Photo: Boskalis)

Shares in Dutch marine services provider Boskalis jumped on Wednesday, a day after the Suez Canal unveiled a project to expand the southern stretch of the waterway.The Suez Canal Authority plans to expand and deepen its southern section, where a container ship became jammed and blocked traffic for six days in March, throwing international supply chains into disarray.Back in 2014, Egypt signed contracts with six international firms to carry out dredging of the Suez Canal, including…

11 May 2021

Ever Given Grounding Spurs Suez Canal Expansion Plans

© Cnes2021, Distribution Airbus DS

The Suez Canal Authority (SCA) plans to expand and deepen the southern stretch of the waterway where a containership became jammed and blocked traffic for six days in March, Chairman Osama Rabie said in a televised address on Tuesday.Rabie presented the plan at an event attended by Egyptian President Abdel Fattah al-Sisi, who indicated that the project should be completed in 24 months at most.The SCA plans to widen the southernmost 30-kilometer (18-mile) stretch of the waterway between the city of Suez and the Bitter Lakes area by 40 meters (130 feet) eastwards, Rabie said.

21 Apr 2021

Kishorn Port Eyes Offshore Wind Opportunities as Expansion Plans Approved

Credit: Kishorn Port

Kishorn Port's proposal to extend the port’s dry dock has received approval from The Highland Council."This is a further and significant step in the regeneration of the port and dry dock," Kishorn Port, located on the North West coast of Scotland, said Tuesday.The development proposal involves an extension of the dry dock into adjoining land which, when completed, will allow the port to receive vessels and structures up to 250 meters in length in comparison to the current 160 meters.

15 Mar 2021

Bahri Chemicals Expands Fleet, adds Nine Chem Tankers on Charter

Bahri CEO Eng Abdullah Aldubaikhi

Bahri business unit will cement its position as world’s largest operator of chemical tankers in IMO2 MR class with 31 vesselsBahri said that its business unit Bahri Chemicals has concluded a long-term time charter agreement with Dubai-headquartered international shipping company United Arab Chemical Carriers Limited (UACC). As part of the deal, nine UACC IMO2 MR (medium range) chemical tankers will join Bahri Chemicals’ fleet from April 2021 onward, bringing the total number of vessels of the same class that it operates to 31.Eng.

02 Mar 2021

MSHS Group Outlines Expansion Plans

(Photo: MSHS Group)

Positioned to expand both its geographic reach and service capacity, the MSHS Group announced a partnership with MPE to accelerate a strategic long-range expansion plan. MSHS Group’s growth plans include broadening its reach in the marine and energy industries with new locations, serving new market segments, and expanding its product and service offerings. The companies specialize in the integration of equipment, services, and control systems for customers in the marine, industrial, government, and commercial segments throughout the world.MSHS Group CEO, David A.

08 Oct 2020

Historic Lindenau Shipyard Part of Nobiskrug's Expansion Plans

The historic Lindenau Shipyard will get and investment injection and support Nobiskrug's growth plans. Photo: Nobiskrug

German shipyard NOBISKRUG, renowned for its custom superyachts such as Sailing Yacht A and Artefact, is expanding the capacity and capabilities of its new build and refit business, an expansion that will include the historic Lindenau facility located in the city of Kiel.Nobiskrug continues to see high demand for new build projects and large refits despite the global economic impact of Covid-19 in 2020. The parent company Privinvest approved an investment package to upgrade the…

08 Oct 2020

Danish Offshore Wind Installation Firm Set for Oslo IPO. Picks New Name

Illustration of SBO's new OWF installation vessel

Danish offshore wind turbine transportation and installation company Swire Blue Ocean (SBO) is getting ready for listing on the Oslo Stock Exchange, to position the company for the next phase of its growth.Also, Swire Blue Ocean, as a subsidiary of Swire Pacific Offshore, will be rebranded and renamed Cadeler. The company said the new name would reflect the company’s Scandinavian maritime heritage "and its commitment to excellence in maritime operations."In connection with the Mikkel Gleerup…

09 Feb 2020

Unique Group Acquires APAC Marine Unit

Integrated marine and subsea solutions provider Unique Group has announced the acquisition of the Australian-company Western Advance’s Marine Division.The provider of services and solutions for the offshore, subsea and life support industries also announced the appointment of Chris Forde as its new regional vice-president.Western Advance’s integration with Unique Group ties in with the Group’s strategy to enhance its portfolio of autonomous solutions for marine, offshore and subsea industry operations in the region.Harry Gandhi, chief executive officer at Unique Group, said: “Over the years, Unique Group has built a strong presence in APAC offering survey equipment, buoyancy and ballast, diving and life support and on-site engineering products and services to our customers.

14 Nov 2019

MCI Signs EchoPilot Deal

Marine Components International (MCI) in the UK has been chosen by Denmark’s Daniamant to distribute its British-designed EchoPilot forward-looking 3D sonar systems (FLS 3D).Dorset-headquartered maritime company supplies a wide range of high-end marine products to leading yacht builders and shipyards worldwide. MCI managing director Andy Scott said he is delighted to welcome EchoPilot to MCI’s portfolio.“EchoPilot is a pioneer in Forward Looking Sonar ever since patenting the World’s first forward looking sonar in 1992, and its latest FLS 3D sonar system is one of the very best on the market,” he said.“Boat owners are very familiar with 2D sonars, but these can only give a representation of what lies directly below, and what has already passed, the keel, with a significant time lag.

05 Nov 2019

ORE Catapult Mulls Humber Expansion

UK's technology innovation and research center  Offshore Renewable Energy (ORE) Catapult has announced ambitious expansion plans in the Humber, including a commitment to open a base of operations in Grimsby and create 50 to 70 jobs in the region in the next 10 years.The Catapult is already an active member of Aura, a regional partnership of leading industry and academic organisations focused on driving forward the growth of the UK’s offshore wind sector, and collaborates with the University of Hull as part of the Operations & Maintenance Center of Excellence (OMCE) to develop research and innovation projects designed to improve the way that offshore wind farms are operated and maintained.Ben George…

01 Nov 2019

Gdansk Ports Aims to be Gateway to Baltic

Europe’s fastest growing port, the Port of Gdansk, has outlined huge expansion plans designed to double its cargo volumes to 100m tonnes a year, during a high-level maritime and business delegation from Poland to Singapore.The delegation marks 50-years of diplomatic ties between the countries and is being organized with PSA International, the Singapore based global ports group. In May this year PSA International formally acquired DCT Gdansk, the largest container terminal in Poland, in partnership with the Polish Development Fund and the IFM Global Infrastructure Fund.The Port of Gdansk Authority vice-president for infrastructure Marcin Osowski outlined plans to build a new €2.8billion Euro Central Port as ‘the biggest maritime investment project in Europe’…

28 Oct 2019

Crew Members: the Key to Greater Efficiency

Logo: Danica

Ship operators are placing greater recognition on the role crew members play as the key to reaching higher efficiency goals, according to crew specialist Danica, which is expanding to meet the growing demand for quality crew services.As part of its expansion plans, the company will shortly open a new office in Riga, Latvia, and more are set to follow. Danica Managing Director Henrik Jensen said: “Shipping companies are beginning to realize that they have 8-10 seafarers on board…

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