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Wärtsilä and V.Ships to Form Partnership

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.


BIW And Energy Research Corp. Form Partnership

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 and Blohm + Voss Form Partnership in Support of LCS

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


Hong Kong Joins U.S. Customs CSI

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


Hoegh LNG Partners Prices IPO

  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


Teekay Petrojarl Contracts Damen for FPSO Upgrade

Teekay Petrojarl’s FPSO Petrojarl I (Photo: Damen)

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


Gulf Oil & Aegean Strategic Partnership

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 and Transas Marine Form Partnership

A Transas 24-inch ECDIS Panel PC (Photo: Transas Marine).

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 Forms Partnership with Vimar

Vimar switches

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.


Transas, XVR Simulation Form Partnership

Photo: Transas

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


Navios Maritime Posts 4Q Profit

Photo: Navios Maritime Midstream Partners LP

 Navios Maritime Midstream Partners LP (NAP) on Wednesday reported fourth-quarter profit of $9.1 million. On a per-share basis, the company said it had profit of 44 cents.   The operator of contracted crude oil tankers posted revenue of $25.8 million in the period


Svitzer, Guangzhou Port JV to provide Towage

Image Courtesy Svitzer

Guangzhou Port Group and Svitzer signed an MOU (memorandum of understanding) with the intention of forming a joint venture providing towage and related marine services for the Port of Guangzhou. Guangzhou Port Group is the world’s 5th largest port with more than 100 vessel calls a day and


NVOCCs Form US-South-Africa Partnership

CaroTrans, a global non-vessel operating common carrier (NVOCC) and ocean freight consolidator, has entered a partnership with Thrutainers International, an established NVOCC in South Africa. This cooperation creates a U.S.- Sub-Saharan Africa import/export LCL service network in this important


Antwerp Port, ICBC Ink Partnership Deal

Luc Arnouts (HA) en Gao Ming (ICBC) ondertekenen MOU Courtesy Antwerp Port

Antwerp Port Authority today made a partnership agreement with the Industrial and Commercial Bank of China (ICBC). The Memorandum of Understanding was signed last week at the official opening of the ICBC’s Antwerp branch in Brasschaat Castle


FarSounder 3D Sonar for NACOS Platinum

MULTIPILOT station showing FarSounder sonar and ECDIS. (Image: FarSounder)

FarSounder, a developer of 3D forward looking sonar systems for navigation and obstacle avoidance, announced it has entered an integration partnership with Wärtsilä SAM Electronics.   The partnership will see 3D sonar data from FarSounder’s navigation systems visualized and


Saudi Aramco, HHI Ink Yard Build & Operate Deal

The signing ceremony was presided by Amin H. Nasser, President and CEO of Saudi Aramco; Ki-sun Chung, Senior Vice President of HHI Corporate Planning, Courtesy Aramco

  Saudi Aramco, the world’s leading integrated energy and chemicals company, and Hyundai Heavy Industries (HHI) Group signed a general memorandum of understanding (MoU) to jointly collaborate on business development opportunities in the Kingdom of Saudi Arabia.


Foreship: New CFD Methodology

flyer_bowshot WEB.jpg

In the quest to model real conditions faced by ships at sea for design purposes, earlier this summer Foreship unveiled details of a live project that has factored real sea states into CFD-based hull form optimization. The company reports that the results of ‘in wave’ analysis had


Subsea 7 Wins North Sea Decommissioning Work

Subsea 7 will provide decommissioning services for the second phase of Centrica’s Rose and Stamford gas field decommissioning programs, located in the southern North Sea.   The project is the latest call-off contract under a partnership frame agreement signed in 2005


Wilhelmsen Ship Management, Aurora LPG form JV

  Wilhelmsen Ship Management (WSM) announced a joint venture agreement with Aurora LPG Holding ASA (Aurora) for the technical management of Aurora's VLGC fleet. The joint venture will be named "Aurora Wilhelmsen Management Ltd" and will be incorporated in Hong Kong.


Maersk Line, WMU Partnership to fight Corruption through Education

Maersk Line logo Credit Maersk

  Every year maritime government officials from across the world travel to Malmo, Sweden, to enrol at the World Maritime University (WMU). The WMU was founded by the International eMaritime Organization (IMO) in 1983 and holds a unique position as the only institution focused entirely on


Dynagas LNG Partners Acquires LNG Carrier

Photo:  Dynagas LNG Partners LP

 Dynagas LNG Partners LP has entered into an agreement with Dynagas Holding Ltd to purchase 100% of the ownership interests in the entity that owns and operates the Lena River, a 2013 built 155,000 cubic meter ice class liquefied natural gas carrier


GloMEEP Energy Efficiency Project Gets Underway

GloMEEP Georgia workshop Courtesy IMO

  The first national workshop under the Global Maritime Energy Efficiency Partnerships GloMEEP), Project, which aims to support increased uptake and implementation of energy-efficiency measures for shipping, has been held in Georgia.   


Troy Container Lines Secures Rotterdam Agent

American-owned NVOCC Troy Container Line announced it has secured a new agent partnership agreement with Rotterdam-based NVOCC NVO Consolidation for both LCL and FCL import and export consolidation services.   “NVO Consolidation has an all-star team of logistics professionals from the


IMO and WCO Partner on e-Business Compendium

Image:  International Maritime Organization (IMO)

 IMO and the World Customs Organization (WCO) have signed a partnership agreement to maintain, update, publish and distribute the IMO Compendium on Facilitation and Electronic Business.    The compendium provides essential guidance and standardised forms for electronic exchange of


Hoegh LNG Declares Higher Dividend

Photo:  Höegh LNG Partners LP

 Höegh LNG Partners LP announced  that its board of directors (the "Board") has declared a quarterly cash distribution with respect to the quarter ended December 31, 2015 of $0.4125 per unit.    This represents an increase of $0






 
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