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Cummins and Mercury Marine to Form Joint Venture

Cummins Marine, a division of Cummins Inc., and Mercury Marine, a division of Brunswick Corporation, announced the formation of a 50/50 joint venture to supply integrated diesel propulsion systems to the worldwide recreational and commercial marine markets. The joint venture, Cummins MerCruiser Diesel Marine LLC, will be headquartered in Charleston, S.C. Under the terms of the agreement, Cummins will supply diesel engines 15 liters and below, including certain electronic displays and other hardware. Mercury Marine will supply the Mercury 1.7 liter, 2.8 liter, 4.2 liter and 7.3 liter diesel engines, drive units for sterndrive applications and their SmartCraft(R) electronic integration hardware. The joint venture aims to become the premier worldwide supplier of integrated diesel marine propulsion units.


Daewoo, NNPC Form Joint Shipping Venture

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


Donjon, Smit Americas form Joint Venture

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


Eimskip, Containerships and Kursiu Linija form Joint Venture

Shipping and logistics company Eimskip, Lithuania's Kursiu Linija and Finnish shipping and container company Container Finance Ltd have joined forces to create a door-to-door logistics providers. The new joint-venture company Containerships Group will be based in Helsinki and will operate eleven ships on services linking east and west Europe, the Baltic States and Russia. It will be the cornerstone of a much larger alliance including the services of its parent companies.


Wärtsilä, Hyundai form Joint Venture

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


ABS, CSBC Corp., Sign Agreement

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


Keppel FELS and PEM SETAL form joint venture to sublease Brazilian yard

Keppel FELS Limited (KFELS), the marine and offshore construction, conversion and repair company of the Keppel Group of Singapore has formed a joint venture with the PEM SETAL Group of Brazil to serve the increasing market of oil and gas exploration and production activities in Brazil and in the west coast of Africa. The joint venture company, FELS SETAL, has signed an agreement yesterday to sublease a Brazilian yard currently named Verolme.


STX Finland, USC Announce Arctic Shipbuilding JV

STX Finland Oy and United Shipbuilding Corporation (USC) have formed a joint venture company, which will specialize in arctic shipbuilding technology. An agreement for the formation of the new company, Arctech Helsinki Shipyard Oy, was signed today in in a meeting with the Russian Prime Minister Vladimir Putin and the Finnish Prime Minister Mari Kiviniemi. According to the agreement both founding companies will hold equal shares of Arctech Helsinki Shipyard Oy


Seismic Cooperation in Barents Sea Gives New Perspectives

Ramform Explorer was one of the seismic vessels used in the joint seismic acquisition project . (Photo Petroleum Geo-Services)

  Statoil and its partners have completed their joint seismic acquisition project in the south-eastern Barents Sea. New forms of cooperation have ensured resource-efficient acquisition. “We are pleased to have found a form of cooperation that has ensured good quality data sets and low acquisition costs. This warrants rethinking and exploring new business approaches and forms of cooperation in order to reduce costs and work more efficiently also elsewhere,” says Jan Helgesen


SSR, Zwagerman Form Joint Repair/Build Group

Mosaic2a web.jpg

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


Yachting Malta PPP Sets Sail

Commodore Godwin Zammit. Photo by the Royal Malta Yacht Club

 Yatching Malta Ltd (YML) - a new public private partnership (PPP) between the government and the Royal Malta Yacht Club (RMYC) was formed with the aim of putting Malta on "the global yachting map".   Prime Minister Joseph Muscat launched YML at the club's headquarters in Ta


China Strengthens Maritime Ties with Pak

Image: Chinese Peoples Liberation Army (PLAN)

 The Vice Chairman of China's Central Military Commission General Fan Changlong has pledged to deepen maritime security and military technology cooperation during his meeting with the Pakistan Navy Chief Muhammad Zakaullah.   Zakaullah said that Pakistan Navy and Chinese Navy are


Norway Supports Statoil, Rosneft JV

Photo pixabay.com

  Norwegian authorities have given the Stavanger-based energy giant Statoil the go-ahead on joint projects with Rosneft, a Russian oil titan that was the target of Western sanctions in 2014. Statoil and Rosneft previously agreed on four projects to explore and produce oil on the Russian


USS Normandy Retrieves Abandoned Narcotics

The guided-missile cruiser USS Normandy (CG 60) breaks from formation during a maneuvering exercise with the aircraft carrier USS Theodore Roosevelt (CVN 71). (U.S. Navy photo by Mass Communication Seaman Anthony N. Hilkows

  The Ticonderoga-class guided-missile cruiser USS Normandy (CG 60) recovered more than 1,000 pounds of illegal narcotics while transiting the Mediterranean Sea, March 21, 2015. While conducting routine flight operations, the pilots of an MH-60 Seahawk helicopter assigned to Helicopter


Nakashima Propeller, ClassNK Hold Joint Seminar

Nakashima Propeller and ClassNK held a joint technical seminar in Hamburg on March 19.   Nakashima Propeller and ClassNK, from their respective roles in the industry, provide products and services to support ships through their lifecycle


SENER to Debut Latest FORAN Release at SINAVAL

Image: SENER

SENER informs it will take active part in SINAVAL-EUROFISHING from April 21-23, a fair held every two years in Bilbao.   During the exhibition, SENER will present the new enhancements in the shipbuilding CAD/CAM system FORAN, in all disciplines (forms


Multinational Maritime Security Exercise in In Langkawi

Image: Langkawi International Maritime and Aerospace

 Ten countries jointed together with its naval forces in Langkawi, Malaysia, to begin a two-day Multinational Maritime Security Exercise, says a report in Bernama.   A total of 19 naval vessels of various classes are being used by the forces of Brunei Darussalam, India, Indonesia


Will Paper Logs Sail into History?

An inland pushboat and barges on the river / photo credit: Helm

Helm Marine Software’s product team leads burdened brown water workboat operators out of the wilderness – and confidently into compliance. Four to six forms a day and that’s before Subchapter M rules take effect. That is how many forms Helm Marine Software’s product team


Malaysia Proposes Asean Peacekeeping Force for South China Sea

Image: ASEAN member countries

 Malaysia is proposing a joint peacekeeping force to help rebuild trust among Southeast Asian countries after bitter arguments over their handling of China’s territorial claims in the South China Sea, reports WSJ.   Members of the 10-nation Association of Southeast Asian Nations


NOAA to Boost Arctic Nautical Charting

NOAA officers aboard one of the smaller survey vessels contemplate the vastness of the Chukchi Sea during the NOAA Ship Fairweathers reconnaissance survey in 2013. (Credit: NOAA)

NOAA plans increased 2015 Arctic nautical charting operations, coordinating with U.S. Coast Guard for safe shipping route from Unimark Pass through Bering Strait    As commercial shipping traffic increases in the Arctic, NOAA informs it is taking steps to update nautical charts in the


GAIL Tries Again for LNG Ships

Picture: GAIL (India) Limited

 India's state-owned Gail India Ltd would reissue the multi-billion dollar tender to build three massive liquefied natural gas (LNG) carriers in India with “changed norms”, reports Financial Express.   There has been news that GAIL has scrapped a tender that would have led


U.S. Ambassador to Cameroon visits USNS Spearhead

Ambassador Michael S. Hoza, U.S. ambassador to Cameroon, gives a speech during a reception aboard the Military Sealift Command’s joint high-speed vessel USNS Spearhead (JHSV 1) (U.S. Navy photo by Mass Communication Special

  Ambassador Michael S. Hoza, U.S. ambassador to Cameroon, visited and delivered remarks during reception held aboard the Military Sealift Command’s joint high-speed vessel USNS Spearhead (JHSV 1) as part of Africa Partnership Station March 13, 2015.


NATO, Promostudi Sign Maritime Research Agreement

  The Promostudi Foundation and the NATO Centre for Maritime Research & Experimentation (CMRE) today finalized a three-year maritime research and development agreement.   The agreement between the two organizations, both based in La Spezia, Italy


Financial Pressure Forces PDVSA to Embraces Pragmatism

By Alexandra Ulmer and Marianna Parraga CARACAS/HOUSTON, March 13 (Reuters) - A subtle change in office attire may be the most telling symbol of a quiet revolution taking place inside Venezuela's troubled economic engine, giant oil firm PDVSA.


AKPS, Crowley JV Secures $ 325 mi Commitment

Courtesy Aker Shipyard

  The joint venture between Aker Philadelphia Shipyard ASA (AKPS) and Crowley has received a firm and fully underwritten commitment from a group of banks and other financial institutions for a USD 325 million senior secured term loan facility.






 
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