Form Joint News

German-based breakbulk and project cargo shipping company SAL and Dutch maritime heavy lift transport and installation contractor Jumbo have announced their intention to form a joint venture.Combining a large part of their fleets, engineering and commercial activities serves the goal of sustainable transport capacity and growth. The Jumbo-SAL-Alliance would be focused on gaining logistical efficiencies, such as joint fleet operations, and benefits for its customers, such as increased…

The Vietnam National Shipping Lines Corporation (Vinalines) has set sights on joining the global shipping alliances (GSA).As part of this move, Vinalines will devise a number of measures to further promote growth of its three key sectors of seaport, shipping industry and maritime services.According to Acting General Director of Vinalines Nguyen Canh Tinh, the firm will focus resources on these three decisive fields, which are expected to create breakthrough development for the corporation.Vinalines will pay attention to improving its competitiveness through providing all-in-one logistics service to customers, and promoting application of information technology…

Cargotec has signed an agreement with JCE Invest AB to establish a joint venture, Bruks Siwertell Group, specialised in dry bulk handling. The new joint venture will own Siwertell AB (previously part of Kalmar Business Area within Cargotec) and BRUKS Holding AB (previously part of JCE Group). Both companies are world-leading suppliers of bulk materials handling solutions. Cargotec will own 48% of the shares in Bruks Siwertell Group, and JCE Invest AB will own the rest, 52%. The ownerships are included to venturers' consolidated financial statements in accordance with the applicable regulation. The transaction has been signed and closed on 9 May 2018. "This joint venture supports Cargotec's strategy to focus on container ports, heavy industrial segment and logistics.

Dutch firm HMC and U.S. based JF Moore group announced the establishment of a joint venture under the name JFMooreHMC, enabling both organizations to broaden exploration of technology and innovations in the maritime technology field. Jim Moore II, CEO of The JF Moore Group, said, “Our joint venture will allow The JF Moore Group to create a new strong base in Europe. Combining our mutual global contacts and the collective expertise of both organizations creates a unique, independent engineering partnership that provides all kind of maritime services worldwide. This alliance brings together two companies that are culturally aligned, geographically complimentary, and most of all share a history of pushing the leading edge in maritime engineering.

(PRESS RELEASE) ABS signed a Strategic Cooperation Agreement with Marine Design & Research Institute of China (MARIC) to expand collaboration, focusing on operational efficiency and environmental performance in both the offshore and marine sectors. ABS Senior Vice President and Chief Technology Officer Howard Fireman and MARIC President Wenhua Xing signed the agreement at the MARIC premises in Shanghai, China. "This Agreement aligns the core competencies of ABS and MARIC and allows us to work together on designs that meet environmental regulations and technology trends," Fireman says. Through this agreement, ABS and MARIC will collaborate on technical support, classification, certification, training and statutory guidance for merchant vessels and offshore units.

Lifting industry specialists Modulift and IMES have formed a joint venture to offer an integrated management service to clients internationally. The two companies have combined to create the new customizable package which will focus exclusively on “below the hook” operations. The Lift Management Services (LMS) offering links all components and processes to give clients a full support mechanism for any major heavy lifting project from start to finish. The partnership harnesses Modulift's lifting engineering capabilities…

Stolt-Nielsen Limited and Golar LNG Limited have formed a 50/50 joint venture to pursue opportunities in small-scale LNG production and distribution, the companies announced today. Stolt-Nielsen Limited has invested in Golar LNG through open-market purchases, representing an ownership stake of approximately 2.3 percent in the company. Commenting on the investment, Niels G. Stolt-Nielsen, CEO of Stolt-Nielsen Limited, said, "A key element of Stolt-Nielsen's long-term strategy is diversification that leverages our core skillsets, including shipping, storage and distribution.

Crowley Maritime Corp. and IbisTek, LLC, have announced the formation of a joint venture, called IbisTek Crowley Limited, to provide a comprehensive package of project logistics, energy support services and emergency response capabilities in Ghana, West Africa. The partnership, which meets the local standards required to be considered an “indigenous Ghanaian company,” leverages Crowley’s worldwide logistics footprint and project expertise and Ghana-based IbisTek’s existing relationships and customer base in the region. The IbisTek Crowley office will utilize local participation in the oil and gas support sector through the staffing of Ghanaian national employees who will work with Crowley’s U.S.

China Offshore Oil Engineering Company (COOEC) and Norway's Kvaerner are setting up a joint venture in China to conduct oil engineering projects worldwide in the second international cooperation deal for the Chinese firm in six months. In December last year COOEC set up a joint venture with French oil services group Technip to provide engineering and equipment for deepwater oilfields off China. "Kvaerner will bring international management, tools and working methods while COOEC is providing a team of experienced offshore engineers," Zhou Xuezhong, president and CEO of COOEC, said in a statement. In April the firms signed a 10-year strategic cooperation agreement to develop business projects together in the oil sector. The new company will be based in Qingdao, Shandong province.

Argentina's Neuquen province expects major global energy companies, including Royal Dutch Shell, Chevron Corp and Exxon Mobil Corp , to bid in a May auction of 11 oil blocks, its energy minister said on Wednesday. The exploration and development blocks include conventional and unconventional oil and gas resources, most of them in the vast Vaca Muerta shale formation, considered one of the world's biggest shale deposits. The results are expected for August. "For unconventionals, the players will be the majors," Neuquen Energy Minister Guillermo Coco said in Houston on a road show to attract foreign capital. "Chevron, Exxon, Shell have shown interest in Vaca Muerta.

Serdijn Ship Repair (SSR) and Zwagerman Offshore Services join forces into a new company under the name Rotterdam Offshore Group BV (ROG). Both companies have a strong reputation for finding innovative solutions for complex jobs. Their ideas and activities are complementary, so a complete portfolio can be offered to clients. Alongside the jetties there are lay-by facilities for vessels up to 190 mtr and 9,5 mtr of depth, with sufficient crane capacity. A large yard area of more than 14,000 sqm with a fully equipped workshop.

Industry majors, Gamesa and Areva, have announced exclusive negotiations to create a 50/50 joint-venture company in the field of offshore wind power. The principals consider that the offshore market represents one of the most promising areas for the development of renewable energies over the next decade, particularly in the coastal countries of northern Europe, where the installed base should reach over 25 GW by 2020, and in Asia. The two companies believe that by joining forces they will become leading players in the global offshore wind market.

Partnership will pioneer technical developments for marine, offshore industries. ABS signed a strategic cooperation agreement with CSBC Corp., Taiwan (CSBC)  to support CSBC in vessel and offshore asset construction. The agreement creates an opportunity to form joint development projects in such areas as design optimization, energy efficiency management and design and fabrication of offshore support vessels, bulk carriers, oil tankers, ice-classed vessels and floating production units, and positions ABS as the preferred classification society for CSBC. “Our organizations share the same commitment to the marine and offshore markets,” says Rick Pride, ABS Greater China Division President and COO.

Rosneft CEO Igor Sechin and Eni CEO Paolo Scaroni have met to discuss the progress of joint projects between the two companies offshore Russia in the Black Sea and Barents Sea, sanctioned in the strategic cooperation agreement signed on 25 April 2012. The executives in charge of the two companies’ upstream, downstream and offshore projects and the CEO of Saipem were also present at the meeting. As part of the agreement, Eni and Rosneft will form joint ventures (Eni 33.33%, Rosneft 66.67%) for the joint development of the Fedynsky and Tsentralno-Barentsevsky exploration licenses, located offshore Russia in the Barents Sea, and Zapadno-Cernomorsky, located offshore Russia in the Black Sea, areas with great mining potential.

Fugro Offshore Geotechnics are specialists in marine site investigation and geo-consulting, and Gregg Marine, Inc., in seabed robotic drilling. The new J/V company, SGL will combine the extensive offshore drilling and testing expertise of both parent companies, with the robotic seabed systems developed by Gregg Marine, providing an enhanced seabed-based drilling and soil investigation capability to 3,000m water depth. For Fugro, this signals its entrance into the seabed drill marketplace, to complement its extensive fleet of conventional geotechnical drilling platforms, providing a compelling option for oil and gas companies, mineral and mining companies and the scientific community.

Odfjell announced the formation of Odfjell Euroceanica As, a 50/50 Joint Venture between Odfjell SE and Euroceanica Ltd. The J/V will trade all vessels currently operated by Crystal Pool and Odfjell Europe in the European short sea market. The new Crystal Pool set-up will open up for possibilities to offer combined services from Baltic to and from the Mediterranean, and give extensive world-wide coverage via the global presence and services of Odfjell Tankers. Existing contracts and commitments with all respective customers will remain unchanged. The new J/V looks forward to starting renewal dialogues of existing contracts as well as discussing new contracts and commitments for 2012 and beyond.

Marine salvage and response companies Donjon Marine Co., Inc. (Hillside, NJ) and SMIT Americas (Houston, TX) announced a new joint venture known as Donjon-SMIT, An OPA-90 Alliance. This new response organization has been created specifically for compliance and response services as required by the Oil Pollution Act of 1990 (OPA-90). The Joint Venture will begin providing services on December 31, 2004. Donjon and SMIT will continue to provide non-OPA-90 salvage and related services independent of one another, as they have for many years. Principals for Donjon-SMIT, An OPA-90 Alliance, are John Witte, Executive Vice President of Donjon, and Roger Elliott, President, for SMIT Americas.

Stolt Comex Seaway and NKT Holding will reportedly create a new firm to make equipment for the offshore oil and gas industry.

Horizon Offshore, Inc. has entered into a letter of intent with Cal Dive International, Inc. (CDI) to conduct reeled pipelay projects in deepwater areas of the U.S. Gulf of Mexico. The two companies will jointly fund construction of pipelay equipment to be used in conjunction with CDI's dynamically positioned (DP) vessel, the Sea Sorceress, currently undergoing conversion. In addition, Horizon will construct a pipe spooling facility at its Port Arthur, Texas, shore base. Once finalized, the joint venture will allow the two companies to perform small diameter pipelay projects in water depths of 800 feet and deeper, combining Horizon's…

KPN (Royal Dutch Telecom) and Telstra have agreed to form a joint venture company by merging their respective mobile satellite communications businesses. The new company, which will trade as Station 12 - is positioned to be a major player in the global satcom industry. Contributing an approximate combined figure of $145 million in net tangible assets to launch the venture, with KPN holding 65 percent of equity shares and Telstra holding the remainder, the new company has projected an initial annual revenue around $250 million.

Oil & Natural Gas Corporation Ltd (ONGC) and Hinduja Group signed a Memoranda of Understanding to form Joint Ventures to pursue global opportunities in Liquefied Natural Gas (LNG) and linked E&P business. The collaboration will leverage the E&P expertise of ONGC and the business-relationship advantage of the Hinduja Group in the hydrocarbon-rich Middle East, with business prospectivity benefits to both entities. The Memorandum of Understanding (MoU) between the company and Ashok Leyland Project Services (ALPS) provides for sourcing of Liquefied Natural Gas (LNG) at competitive terms, to be facilitated by ALPS. Pursuant to such sourcing…

DSME and the Nigerian National Petroleum Company (NNPC) have signed a Joint Venture Agreement to establish a world class shipping company. The shipping joint venture company will be called Nigeria Daewoo Shipping Ltd. (NIDAS). The scope of NIDAS will be local and international transportation of merchant goods, crude oil and petroleum products. The initial capital of NIDAS will be $10 million. The equity interests of DSME and NNPC in the shipping company will be 49% and 51% respectively. The joint venture will also have an offshore office which will be responsible for vessel operations and logistics. DSME has clear mid and long term goals and expects to fully participate in the oil and gas activities including the energy sector through its involvement in NIDAS.

Wärtsilä and Hyundai Heavy Industries Co. Ltd (HHI) signed an agreement to set up a 50/50-owned joint venture in Korea to manufacture dual-fuel engines for LNG (Liquefied Natural Gas) carriers. The total investment in the company will be EUR 58 million, Wärtsilä's share being EUR 29 million. The name of the company will be Wärtsilä Hyundai Engine Company Ltd and the intended location is in South Korea. The technology shift towards dual-fuel machinery in LNG carriers has significantly increased demand for Wärtsilä's dual-fuel engines. The main market is Korea. Demand in the market is forecast to continue growing in pace with the increasing demand for natural gas.