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
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
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
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.
Transas has announced its new strategic cooperation with XVR Simulation to expand their maritime training capabilities and to deploy common complex projects in the safety and security simulation market. Transas and XVR Simulation have just entered into a Memorandum of Understanding (MoU), which was officially signed on the first day of the Transas Simulation User Conference 2016, in Singapore. The two will work close together to extend offers for existing and future customers of both
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.
The future tactical component of France’s Naval Aerial Drone (Système de Drones Aériens de la Marine - SDAM) program is being designed by DCNS and Airbus Helicopters, who have joined forces to pool naval and aerospace skills and expertise.
Global trade enabler DP World has recently signed a Memorandum of Understanding (MoU) with the government of Ukraine to collaborate on matters of mutual interest, including the development of logistics capability in the country. On a recent visit to Ukraine
Teekay LNG Partners L.P. announced that it has issued NOK 900 million in new senior unsecured bonds that mature in October 2021 in the Norwegian bond market. The new bond issuance, which was significantly oversubscribed, has an aggregate principal amount equivalent to approximately USD 110 million
Damen Green Solutions has signed a letter of intent with Norwegian company TeamTec to supply and service the AVITALISTM ballast water treatment system. The system combines filtration and a proven, eco-friendly chemical treatment solution optimized for medium-sized to large vessels
Teekay LNG Partners intends to issue new five-year senior unsecured bonds in the Norwegian bond market. Net proceeds from the bonds are expected to be used to fund newbuilding installments, as well as to refinance NOK bonds maturing in May 2017 and general partnership purposes
A strategic partnership with the USC Marshall Center for Global Supply Chain Management aimed at improving the global competitiveness of the nation’s supply chains was signed by U.S. Commerce Secretary Penny Pritzker on October 14 at the University Park campus.
Elektrans Group has joined hands with German tank operator Chemikalien Seetransport (CST) and the consultancy and engineering company Marine Service GmbH to establish a joint venture -- Chemtrans India Pvt Ltd. "Elektran Group and a company affiliated to the reputed
MacGregor, part of Cargotec, and China State Shipbuilding Corporation's (CSSC) Nanjing Luzhou Machine Co Ltd (LMC) signed a joint venture contract to form CSSC Luzhou MacGregor Machine Co Ltd. Subject to all relevant authority approvals, expected within this year
ARCOS Innovations Inc. is a new joint venture founded by members of SSI leadership and a senior SSI reseller with expertise in the implementation and development of enterprise systems for shipbuilding and offshore. The mission of ARCOS is to help customers solve key business challenges
A group of industry stakeholders have signed a Memorandum of Understanding (MoU) for academic exchange and cooperation within the framework of the Kalmar Ice Academy, with a focus on collaboratively helping the offshore and shipping industries to increase operational safety and efficiency while
“Maritime transport is the backbone of global trade and the global economy,” said the UN chief in a message on the World Day, which is observed annually on 29 September, and whose theme this year is Shipping: indispensable to the world.
P3: An alternative to tolls or lockage fees in public-private partnerships for inland waterways. Within the generally sorry state of the U.S. inland waterways infrastructure, there are some locations where conditions are particularly dire
Teekay LNG Partners L.P. has entered into a 15-year time-charter contract with the Yamal LNG project, sponsored by Novatek OAO, Total SA, China National Petroleum Corporation and Silk Road Fund, to provide Yamal LNG with conventional liquefied natural gas (LNG) transportation services
Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) (NYSE:TOO) announced today that it has been awarded new three-year shuttle tanker contracts of affreightment (CoA), plus extension options, with BP plc, Royal Dutch Shell and OMV Group
Carnival Corporation & plc has announced that its cruise joint venture in China has signed a non-binding memorandum of agreement (MOA) to order the industry’s first new cruise ships built in China for the Chinese market. The MOA is subject to several conditions including closing of the