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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


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


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


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


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


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


APC: NIMASA behind Anti-Buhari Adverts

Photo: Nimasa Dg and the Graduating Students of Nsdp Program

 The All Progressives Congress (APC) Presidential Campaign Organization (APCPCO) Friday accused the Nigerian Maritime Administration & Safety Agency (NIMASA) of sponsoring a hate campaign against its presidential candidate, Maj- Gen Muhammadu Buhari (rtd).    


Georgia joins US in Maritime Operation

Pic: Coast Guard Department of the Border Police of Georgia.

 The U.S. and Georgian maritime sectors rolled out new Joint Maritime Operations Center (JMOC), which was built at the Coast Guard Supsa Radar Station on the Black Sea coast, reports Azer News.   JMOC was established under the Coast Guard Department of Georgia's Internal Ministry and


General Maritime to buy Navig8 Crude Tanker

General Maritime Corp, which operates crude oil tankers, will acquire Navig8 Crude Tankers Inc in a stock-for-stock deal, the two companies said in a statement.   A newly formed unit of General Maritime will acquire all of Navig8 Crude's common shares to form Gener8 Maritime Inc.  


Ghana and US Maritime Forces Collaborate

Pic: Ghana Armed Forces

 The Ghana Armed Forces and the United States Maritime Forces have completed a joint maritime operation, the Africa Maritime Law Enforcement Partnership (AMLEP), as part of the Africa Partnerships Program (APS).   The operation brought together representatives from Ghana’s


USS Cole (DDG 67) to Enter Black Sea Today

Cole (DDG 67) approaches the outer harbor breakwater as the ship departs Constanta, Romania. Cole, homeported in Norfolk, Va., is conducting naval operations in the U.S. 6th Fleet area of operations in support of U.S. natio

USS Cole (DDG 67) will enter the Black Sea, Feb. 8, 2015, to promote peace and stability in the region. Cole’s presence in the Black Sea will serve to reaffirm the U.S. dedication to commitment towards strengthening the partnerships and joint operational capabilities amongst U.S


Egypt, Saudi Arabia Joint Maritime Exercise

Pic by Royal Saudi Naval Force

 Joint Egyptian-Saudi navy maneuver Morgan 15 is underway in the Red Sea waters of Saudi Arabia.  According to the military spokesperson Mohamed Samir, the exercise was part of joint training of the Armed Forces with friendly countries to enhance prospects of cooperation and exchange of


Dry Bulk Shippers to Coordinate Chartering

Five dry bulk shipping firms, including shipping tycoon John Fredriksen's Golden Ocean will form a new venture to coordinate chartering services, hoping to reduce costs in a fragmented market, the firms said in a joint statement. The firms, including Golden Ocean, Bocimar International, CTM


Wärtsilä Gensets for Five New Box Ships

Five new COSCO container vessels will be equipped with twenty Wärtsilä Auxpac 32 generating sets. (Photo courtesy of COSCO)

Five new 14,500 TEU container vessels being built for China Ocean Shipping Group (COSCO) will be powered by 20 Wärtsilä Auxpac 32 generating sets. The ships are under construction at the Hudong-Zhonghua Shipbuilding Group yard in China


Vietnamese Shipbuilder Invests in Myanma Shipyard

Image: Dong A Shipbuilding Industry

 Myanma Shipyards will link up with a Vietnamese shipbuilder to form a joint venture company.   The agreement between the Ministry of Transport’s Myanma Shipyards and Dong A Shipbuilding Industry Joint Stock Company is inked.    


Daewoo to Build LNG carrier for Mitsui O.S.K

Image: South Koreas Daewoo Shipbuilding

 The Japanese shipping company Mitsui O.S.K. Lines will invest up to 50 billion yen ($412 million) to build two liquefied natural gas (LNG) carriers, reports Nikkei.  Construction of the ships will be contracted to South Korea's Daewoo Shipbuilding & Marine Engineering (DSME)


Singapore, India take stance in South China Sea row

State Visit to India by President of Singapore (Photo by High Commission of India, Singapore)

 India and Singapore asserts its stance in South China Sea saying no threat or force should prevail in the maritime dispute between China and its smaller neighbors like the Philippines, reports Philstar.  Both countries have expressed their official positions in joint statements with


Daelim Bags Major Port Contract in Singapore

Photo:  Jeju Outport Project of  Daelim Industrial Co

 South Korea's fourth-largest builder Daelim Industrial Co has won a deal valued at US$646.03 million to construct a port facility in Singapore. The project is expected to take about six years. Under the deal with the Singaporean Maritime and Port Authority


ClassNK to Research on Brittle Crack Arrest Design

Brittle crack arrest steel on the upper deck and hatch side coaming

  ClassNK announced that it will carry out a joint research project aimed at improving safety standards for ultra-large container ships.   As container ships increase in size, so too does the thickness of the steel that is used. The preventative measures for brittle fracture become


Puget Sound Container Volumes Slide

Photo: Port of Seattle

The ports of Seattle and Tacoma saw combined container volumes fall 13 percent in January, continuing a trend that started in November.   The Puget Sound gateway handled 226,906 20-foot equivalent units (TEUs) last month. Containerized imports plunged 21 percent to 89,982 TEUs


BAE Systems Gets $1.3b for New UK Warships

Image: BAE Systems

The U.K. Ministry of Defense has signed a $1.3 billion contract with BAE Systems for equipment to build the next generation of warships for the British navy, Prime Minister David Cameron announced today. BAE Systems has been working on plans to provide Britain with 13 new warships since 2010






 
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