Wärtsilä and V.Ships agreed to cooperate on the provision of a broad spectrum of marine technical services to third parties in the marine market. Wärtsilä and V.Ships plan to offer an integrated portfolio of services that encompasses the full lifecycle of ship's machineries at competitive cost. The new partnership offering of Ship and Technical Management Services embrace technical supervision, machinery maintenance planning, conditioned based maintenance and planning, software updates, training programs, spare parts and labor, logistics and accounting for technical management. The shortage of skilled labor and the increasing complexity of ship machinery represent a challenge for the marine industry. Wärtsilä and V.Ships' partnership is an alliance that is aimed to provide skilled labor, who are continuously trained and supported by state of the art logistic and management organization.
The Advanced Technology Division of Bath Iron Works (BIW) and the Energy Research Corporation (ERC) have partnered to develop an advanced carbonate-based fuel cell energy plant for defense marine applications. The partnership is an effort to improve ship electric power generation (also known as ship hotel power), with the development of the high efficiency Direct Fuel Cell (DFC) Ship Service Fuel Cell. "The establishment of this alliance marks the beginning of a process we believe will lead
Lockheed Martin and Blohm + Voss forged an agreement to work together in providing the U.S. Navy with a Littoral Combat Ship (LCS) solution capable of meeting the stated requirements of speed, range, payload, cost, capability, survivability and supportability. The agreement, in the form of a memorandum of understanding, calls for a continuance of the relationship established between both companies for the Navy's ongoing Ship Concept Studies
Robert C. Bonner, Commissioner of the U.S. Customs Service, today announced the signing of a declaration by Hong Kong to join the Container Security Initiative (CSI), a key U.S. Customs initiative designed to prevent global sea cargo from being exploited by terrorists to inflict harm on America and other nations of the world. "I applaud the government of Hong Kong for joining the U.S. Customs Service Container Security Initiative
Höegh LNG Partners LP a Marshall Islands limited partnership formed by Höegh LNG Holdings Ltd., announced today the pricing of its initial public offering of 9,600,000 common units representing limited partner interests in the Partnership at $20.00 per unit. The Partnership has also granted the underwriters a 30-day option to purchase up to 1,440,000 additional common units. The common units being offered represent a 36
Damen Shiprepair Rotterdam (DSR), part of Damen Shiprepair & Conversion (DSC), has been awarded an EPC contract by Petrojarl I LLC for the upgrade of its FPSO Petrojarl I. The Petrojarl I is a Teekay Petrojarl managed FPSO built in 1986 which has been active in the North Sea. Its redeployment will be at the Atlanta field in Brazil. The Petrojarl I is contracted by Queiroz Galvão Exploração e Produção (QGEP) for deployment at the Atlanta post-salt
On Feb. 10, Aegean Marine Petroleum Network Inc. (NYSE:ANW) and Gulf Oil Marine Ltd., a member of Gulf Oil Group, announced that they entered into a strategic partnership for the global distribution of marine lubricants. This partnership will allow for Aegean to join the Sealub Alliance Network, a group recently formed by Gulf Oil Marine to distribute high-quality marine lubricants. The strategic partnership between these two companies will allow for a significant extension in Sealub
Thomas Gunn Navigation Services and Transas Marine Ltd. announced today a new partnership which will bring significant benefits to customers of both organisations. Thomas Gunn will now offer Transas Navi-Sailor 4000 ECDIS as part of its total navigation solution, while Transas will offer Thomas Gunn’s paper chart management service, which includes Admiralty and International HO’s paper charts and paper publications, as a part of its ECDIS package.
IMTRA has announced that it has entered a distribution agreement with Vimar. Effective immediately, the award-winning importer and manufacturer of high quality consumer marine products, advanced LED solutions and integrated marine systems, will be the select distributor of the Italy-based company’s products in North America. Vimar manufactures stylish and innovative electrical equipment, automation systems, switches and wall plates for marine markets and commercial construction.
Today, on his historic visit to India, President Obama and Prime Minister Modi announced new, ground-breaking agreements on defense cooperation between India and the United States that promise to open a new chapter in our defense relationship and mark an important milestone in the U.S.-India strategic partnership. By finalizing the renewal of our 10-year framework for the U.S.-India Defense Relationship, we will continue to build on the growing momentum in our defense cooperation
Pacific Partnership 2017 made its initial mission stop in Hambantota, Sri Lanka, March 7, with the arrival of Military Sealift Command expeditionary fast transport USNS Fall River (T-EPF 4). This marked the first mission to Sri Lanka in the 12-year history of the annual
BMT Nigel Gee (BMT), a subsidiary of BMT Group, has announced its latest contract in partnership with sister company BMT Designers & Planners, for four 26.3m catamaran passenger ferries, destined for operation with Potomac Riverboat Company.
Tauck announced a four-year plan for doubling its small ship cruising capacity through strategic fleet expansion, deepened partnership programs and new itineraries. “We’re destination explorers at Tauck and some destinations are best explored by both land and sea
Greece-based GasLog Partners LP has reached an agreement to buy 100% of the shares in the entity that owns and charters the liquefied natural gas (LNG) tanker GasLog Greece from GasLog Ltd. The aggregate purchase price for the Acquisition will be $219 million
The SENER engineering and technology group will be at the LNG BunkeringSummit 2017 to present its revolutionary design for a liquefied natural gas (LNG) bunkering vessel. The conference is taking place in Amsterdam (Netherlands), and will run from January 29 to February 1.
MISC Berhad today held the naming and delivery ceremony for its new LNG carrier, Seri Cenderawasih. The 150,200 CBM liquefied natural gas (LNG) carrier is the second in a series of five MOSS-Type LNG carriers ordered from Hyundai Heavy Industries Co., Ltd. (HHI”) by MISC
Teekay LNG Partners L.P. (Teekay LNG or the Partnership) (NYSE:TGP) announces that it intends to issue new senior unsecured bonds in the Norwegian bond market through an add-on to its existing Norwegian bonds due in October 2021 (TKLNG04 - ISIN: NO0010777089)
Navios Maritime Midstream Partners L.P. announced that its Board of Directors has declared a cash distribution of $0.4225 per unit for the quarter ended December 31, 2016. This distribution represents an annualized distribution of $1.69 per unit
Wärtsilä and Carnival Corporation & plc have signed a 12-year agreement that aims to strengthen the groups’ existing partnership and joint improvement efforts to maintain the higher levels for cruise ship safety and reliability
GasLog Partners LP today announced the closing of its public offering of 3,750,000 common units representing limited partner interests (the "common units"). The public offering price was $20.50 per common unit. The net proceeds from the offering
The strategic partnership will drive growth and accelerate innovation. Industry-leading solutions and services capabilities will deliver differentiated customer value. Transas, the innovative, digital solutions company, and Japan Radio Company (JRC)
The U.S. Coast Guard and U.S. Navy completed an 18-day joint mission in the Central and South Pacific under the Oceania Maritime Security Initiative to combat transnational crimes, enforce fisheries laws and enhance regional security.
The U.S. Navy is joining allied and partner nation forces for the 12th Pacific Partnership mission, scheduled to begin March 1. This annual maritime operation will help improve disaster response preparedness and capacity, while enhancing partnerships with participating nations
Canada-based Algoma Central Corporation and Switzerland's Nova Marine Carriers SA have announced that they are exploring an expanded partnership that is expected to lead to the creation of a global company specializing in short-sea dry bulk shipping.
BHP Billiton has advanced its exploration and production interests in the Gulf of Mexico by executing a contract with PEMEX Exploration & Production Mexico (Pemex) to complete work on the significant Trion discovery in Mexico.