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Expansion Plans

Kursiu Linija Sells Eimskip Share

Kursiu Linija sold a further 20-percent share of its equity to Icelandic transport company Eimskip. The move gives Kursiu Linija additional financial power and paves the way for expansion plans. Following the increase in Eimskip’s stake, Kursiu Linija will be run by a four-man board consisting of Bragi Thor Marinosson, Bjorn Einarsson, Stefan August Magnusson and Kursiu Linija founder and former managing director Arijus Ramonas. Ramonas has been elected chairman of the board, and the board has appointed Thorkell Palsson as managing director.


Suez Canal: Better Service to the Shipping Industry

Photo courtesy of Suez Canal Authority

According to the U.S. Energy Information Agency, one of the world’s oil transit choke-points is the Suez Canal, the Panama Canal being another. However, the recently announced Suez Canal expansion plans are more likely to cater for containership transits, in strong competition with the expanding Panama Canal, rather than respond to the demand from oil tanker transits. On Tuesday, August 5, 2014, the Egyptian President Abdel Fattah el-Sisi unveiled the project


Griffin Makes New Appointment

The Griffin Global Group Ltd., with the goal of increasing product portfolio, announced the expansion of its corporate business with the appointment of John Prentice as director of Corporate Services. Griffin’s Corporate department will be targeting the offshore and shipping sectors, but do have expansion plans further down the line. Prentice started in the travel business with Air New Zealand. He then came to the United Kingdom and spent 10 years with British Airways


Daewoo Shipbuilding Projections 2007 Soar

In a sure sign that the shipbuilding boom continues, Daewoo Shipbuilding & Marine Engineering Co. announced that it has raised its yearly new order target to $17B, after surpassing its previous projection of $11B with orders for 13 new containerships from European owners. The containership order – worth almost $1.8B – sent the shipbuilder’s take this year to $11B and 84 vessels and offshore projects. The rise in the yearly projection from $11 to $17B is a nearly 55% increase compared to last


Dolphin Offshore Lines up Investments

Dolphin Offshore Enterprises (India) Ltd., an offshore construction and ship repair company for the oil and gas industry, has lined up investments worth Rs 1,000 crore over the next 5-6 years, a senior company official said. Dolphin has already invested $35m in the initial expansion plans like acquiring ships. Offshore construction being its main focus, Dolphin is looking at moving up the value chain with bigger contracts and would invest Rs 200 crore for expansion in this field.


Costa Deliziosa Completes Her Technical Launch

Costa-Luminosa_Costa-Delizi.jpg

Costa Cruises, Italian tourism group and European cruise company, and Fincantieri celebrated the technical launch of the Costa Deliziosa at the Marghera yards: the first time the ship touched the sea flooding the dry-dock where she is under construction. The Costa Deliziosa, the 15th ship of Costa’s fleet with a total tonnage of 92,700 and a capacity of 2,828 passengers, is scheduled to be delivered at the end of January 2010, after completing the interior fitting out operations


ACB Unveils Expansion Plans

Aluminum Chambered Boats (ACB) signed a Letter of Intent (LOI) with Jansen Inc. to have a new manufacturing facility built in Ferndale, Wash. Jansen Inc. will provide ACB with a turn-key 190,000 sq ft manufacturing facility plus a separate 10,000 sq ft. general office building on the I-5 Industrial Center property in Ferndale. The new facility will allow ACB to increase their annual production capacity to 400 boats to meet the current and future demands of their growing recreational, commercial


P&O, Festival Squash Consolidation Plans

Citing, among other factors, a lackluster market for cruise shares on the U.S. stock exchange, P&O said it and Festival Cruises decided not to pursue the merger of their cruises businesses due to the continuing low valuations of cruise companies in the United States. The groups announced in May a deal to combine businesses as part of Peninsular and Oriental Steam Navigation cruises division in a deal worth up to $600 million.


Hyundai Engineering Falls on Concerns of Sale Delay

Hyundai Engineering & Construction Co., fell the most in almost five months in Seoul on concern Korea Development Bank may delay selling its stock in the company, holding up expansion plans, according to Bloomberg.com. Hyundai Engineering declined 7.5 percent to close at 89,500 in Seoul. Daewoo Shipbuilding & Engineering Co., also part-owned by state-owned Korea Development Bank, fell 5.2 percent to 44,550 won, the biggest drop in more than a month.


Hansa Heavy Lift Opens Office in Monaco

Press release - Hansa Heavy Lift has opened a regional office for the South European market covering France, Italy and Spain based in Monaco as part of ongoing global expansion plans. The office is managed by Walter Prosetti, Head of South Europe, Hansa Heavy Lift, who has over 35 years’ experience in the maritime and logistics sector. “Monaco is in a strategic location which is perfectly positioned to serve South Europe in conjunction with our EMEA headquarters in Hamburg


Aberdeen Harbour Performance Steady on Diversity

Photo: Aberdeen Harbour

Activity at Aberdeen Harbour remained steady throughout 2015 resulting in the port recording a 9.7 percent increase in turnover, up from £28.9 million in 2014 to £31.7 million in 2015. Pretax profit was also up by 21 percent at £15.03 million, compared to £12


EMC Unveils New Suite of Global Marine VSAT Services

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EMC today announced a new global Ku-band VSAT package of connectivity and content for ships at sea, optimized for the next-generation high-throughput satellite (HTS) networks that are now being deployed.   “Designed with crew welfare as a top priority


APM Terminals Pipavav Completes Expansion

Photo: Port Pipavav

Annual container handling capacity increased to 1.35 million TEUs from 850,000 TEUs   APM Terminals Pipavav (Gujarat Pipavav Port Ltd) reports it has completed its capacity expansion project on time and within budget, increasing its annual container throughput handling capacity from 850


VT Halter Delivers ATB Tug for Bouchard

M/V Frederick E. Bouchard, a 6,000hp Twin Screw ATB tug, during sea trials (Photo: VT Halter Marine)

VT Halter Marine, Inc. has delivered the 6,000hp Twin Screw Articulated (ATB) tug, MV Frederick E. Bouchard, to owner Bouchard Transportation Co., Inc. at the shipbuilder’s facilities in Pascagoula, Miss. on Wednesday, June 8, 2016.  


Hanran, Heywood Join Townsville Port Board

Courtesy Port of Townsville

  Port of Townsville Limited (POTL) has welcomed the announcement this morning by Treasurer Curtis Pitt and Minister for Ports and Energy and Water Supply Mark Bailey of the appointment of two new locally-based Directors to its Board. Mr Shane Hanran and Ms Megan Heywood assume their


APM Terminals Pipavav Acquire 3 Chinese Cranes

Cranes at APM Terminal Pipavav Courtesy APM

  APM Terminals Pipavav (Gujarat Pipavav Port Ltd) one of Western India’s  gateway ports, announced the acquisition of three new cranes. The new cranes will be commissioned and 3 existing old cranes will be simultaneously decommissioned in a phased manner to ensure business


Ports America Refocuses, Oakland Lease Goes

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Ports America, the largest stevedore and terminal operating company in the United States, is refocusing its business strategies on the West Coast through additional investments and expansion of services into new terminals. Areas of concentration include Los Angeles, Long Beach


Edison Chouest Opening Mississippi Shipyard

Gary Chouest, CEO, Edison Chouest Offshore

Edison Chouest Offshore locating shipbuilding operations, TopShip, LLC, in Gulfport, Miss.   Gov. Phil Bryant and officials from Edison Chouest Offshore, an offshore energy service and supply company, officially announced today the company is locating shipbuilding operations at the Port of


Lightfoot Joins ASRY’s Project Jupiter

Photo: ASRY

UK-based refrigeration experts sign agreement to be preferred onsite specialist for Military Refrigeration and HVAC systems at ASRY   ASRY, the ship and rig repair yard in the Arabian Gulf, has signed a specialized Services Agreement with Lightfoot Defence, a U.K


VT Halter Launches Tug for Bouchard

Frederick E Bouchard launch Photo Courtesy VT Halter Marine

VT Halter Marine, Inc. (VT Halter Marine), a company of Vision Technologies Systems, Inc. (VT Systems), announces the launch of the M/V Frederick E. Bouchard, at its Moss Point Marine Shipyard Facility in Escatawpa, Mississippi on Thursday, March 31, 2016. M/V Frederick E


GulfNav Unveils Expansion Plans

From right to left Mr. Khamis Juma Buamim, Group CEO, Abdulla Saeed Abdulla Brook Al Hemeiri, Chairman, and Ahmad Al Kilani, Board Member Photo Gulf Navigation

Gulf Navigation Holding PJSC (GulfNav), the Dubai-based shipping company, has announced in a press conference at Rose Rayhaan by Rotana today (Tuesday, April 19, 2016), its key expansion plans to increase its assets under management and service-based revenue.


New CEO at GulfNav Leads Expansion Plans

From right to left: Khamis Juma Buamim, Group CEO, Abdulla Saeed Abdulla Brook Al Hemeiri, Chairman, and Ahmad Al Kilani, Board Member of Gulf Navigation (Photo: Gulf Navigation)

Dubai-based shipping company Gulf Navigation Holding PJSC (GulfNav) has announced in a press conference at Rose Rayhaan by Rotana April 19 its expansion plans to increase its assets under management and service-based revenue. The shipping company also revealed the appointment of Khamis Juma Buamim


Port of London Bridge Simulator Upgraded

Photo: PLA

The Port of London Authority (PLA) has invested £250,000 to upgrade its ship’s bridge simulator, adding a full tug bridge simulator in a move that is set to enable a boost in port trade and helps terminals verify their expansion plans.  


Cyberhawk Lands in Portuguese Market

Cyberhawk team operating drones offshore Photo Cyberhawk

Cyberhawk Innovations continues to bolster its international credentials through a new partnership with Portugal’s leading engineering service provider and contractor Construção e Manutenção Electromecânica (CME).  


Hydro Strengthens APAC Presence

(L-R) Doug Whyte, Hydro Group managing director and Steve Ang, Hydro Group Asia technical sales manager. Photo Hydro Group

Aberdeen-headquarted subsea cable and connector specialist Hydro Group plc announces multiple Asia Pacific Business Partner agreements as the firm continues strategic growth in the region.   As part of international expansion plans in 2013 the firm formed its Singapore based division






 
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