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Group Announces

Man-Made Island Proposed for LNG Terminal

Atlantic Sea Island Group, announced that they have received notification from the United States Coast Guard that their application to create an LNG deepwater terminal on a 60.5 acres constructed island 13.5 approximate miles south of Long Beach, Long Island, has been deemed "complete" and allows the regulatory, oversight and review process to continue pursuant to federal regulations. Far from population centers and outside of vital shipping lanes, Safe Harbor Energy will have the capacity to deliver 2 billion cubic feet of natural gas each day to 65 million consumers, ending the area's dependence on natural gas shipped up from the Gulf Coast some 1,200 miles away.


VT Chairman Outlines Venture with BAE Systems

In a statement provided with the company's Preliminary Results , VT Group's chairman Michael Jeffries gave an indication of how the new shipbuilding venture between his company and BAE Systems would be structured. He said "We announced in December 2006 that we had entered into discussions with BAE Systems to combine our respective surface shipbuilding and naval support businesses, including Fleet Support Limited (FSL)


Dubois Appointed CFO of CMA CGM Group

CMA CGM Group announced the appointment of Olivier Dubois as Group Chief Financial Officer. He will replace Jean-Yves Schapiro who has decided to take on new challenges outside the shipping industry. Olivier Dubois graduated from ESSEC Business School in 1976 and IEP Paris (Business Administration) in 1978. His experience has spanned over 30 years: from 1980 to 1991 at Banque Paribas; from 1991 to 2002, Director and Executive Officer in charge of Administration, Finance, Tax, IT


Reservoir Names MD for Well Intervention

Fraser Louden (Photo: Reservoir Group).

Reservoir Group announced the appointment of Fraser Louden as managing director of its well intervention and measurements business. Acting as the Group management team’s interface with its growing portfolio of companies, Louden joins from an executive advisor role at FMC Technologies and previous expertise at READ Well Services Ltd., where he held key roles, including chief executive officer, vice president, business development manager and R&D manager.


Ship Service Provider GAC Announces Senior Appointments

Patrik Halldén: Photo credit GAC

The GAC Group announces key management appointments for its head office and local operations in Oman and the United Kingdom. Group Vice President for Human Resources Jan Farnelid will retire on 31 August and take on a consulting role with the Group until the end of the year. Since 2004, Jan has successfully implemented HR policies and initiatives that underline the importance of GAC’s focus on human capital as a key enabler of its expansion strategy.


CMA CGM Launches West African Service

Image: CMA CGM

The CMA CGM Group announced the launch of a new service, WAZZAN, joining Morocoo to North West Africa, and improving the container shipper’s Intra African coverage.   The CMA CGM Group said the new service improves transit time between Mauritania, Senegal and Morocco by eight days, with previous transshipment calls being replaced by direct ones. In addition, a new direct call, from North West Africa and to Morocco, in Las Palmas is introduced


P&O, Festival Squash Consolidation Plans

Citing, among other factors, a lackluster market for cruise shares on the U.S. stock exchange, P&O said it and Festival Cruises decided not to pursue the merger of their cruises businesses due to the continuing low valuations of cruise companies in the United States. The groups announced in May a deal to combine businesses as part of Peninsular and Oriental Steam Navigation cruises division in a deal worth up to $600 million.


Kongsberg EM2040 dual head at MMT Group

Kongsberg EM2040D_005.jpg

MMT Group announce acquisition of a new Kongsberg EM2040D. The EM2040 dual head system has recently been installed on MMT’s survey and ROV vessel IceBeam.   This is the first highly developed multibeam echo sounder to combine all of the advanced features of deepwater echo sounders to the near-bottom sounding environment. Such features include:   1.    Dual swath per ping to maintain a high survey speed


Guttulsrod to Speak at Canada LNG Export Forum

Shanghai-based Wison Offshore & Marine Ltd., a subsidiary of the Wison Group, announced that Vice President of LNG Sales, Tor-Ivar Guttulsrod, will speak at the Canada LNG Export Forum on Wednesday, September 18, 2013 at 4:10 p.m. Guttulsrod will speak on the topic of The Emergence of Mid-Scale Barge-Based LNG Plants comparing the value of mid-scale floating LNG vessels to the large FLNG projects currently under development.


Ocean Conservancy and NAMEPA Partner to Fight Marine Debris

  NAMEPA (North American Marine Environment Protection Association) and the Ocean Conservancy signed a memorandum of understanding (MOU) this month, the two group announced in a press release.   The agreement aims to foster a collaborative effort that encourages marine pollution prevention, advocates for sensible and sustainable marine environmental practices, and heightens public awareness of impacts and mitigation techniques of marine pollution.  


Maritime Consolidation: Palfinger Aims to Acquire Harding

Palfingers potential acquisition of Harding will help it be less dependent on the whims of the offshore energy markets. (Photo: Palfinger Marine)

As maritime markets continue to struggle, merger and acquisition activity should heat up. Today, Austria's Palfinger Group announced that it intends to acquire 100% of the shares in Herkules Harding Holding AS and thus, the globally operating Harding Group


Elektrans Shipping Appoints Deepak Arora as MD

Photo: Elektrans Group

 Elektrans Group announced the promotion of Capt. Deepak Arora to Managing Director of Elektrans Shipping Pvt. Ltd.    Capt Arora has been with the Elektrans Group for 4 years during which he has served in several executive positions within Elektrans


Merger: Survitec Joins Forces with WMS

 Survitec Group announced a transformational deal with the Marine Safety business of Wilhelmsen Maritime Services AS (WMS), in which WMS will transfer into Survitec all related safety products and services, including Wilhelmsen Technical Solutions


CMA CGM Adds Weekly India Port Calls

This service will start the 26th of july with the first call of the CMA CGM Traviata in Port Qasim Image CMA CGM

CMA CGM Group announced the launch of two new weekly services, EPIC 1 and EPIC 2, between the Arab Gulf, Pakistan, North West India and North Europe. The current Epic service will make room for the two new weekly services. EPIC 1 offering a direct connection between North Europe and Pakistan


BG Group Starts up Sixth FPSO in the Santos Basin

FPSO Cidade de Itaguaí (Photo: BG Group)

BG Group announced first oil from the Cidade de Itaguaí floating, production, storage and offloading (FPSO) vessel, the sixth unit to start production across the group's discoveries in the Santos Basin, offshore Brazil. The FPSO will produce from the Iracema North area of the Lula field in


CMA CGM Upgrades Europe-Africa Service

Worldwide shipping firm the CMA CGM Group announced plans to upgrade its services joining Europe to Africa, altering its EURAF 1, EURAF 2 and EURAF 4 services with the goal of providing a more complete service offering to Africa, North Europe and the Mediterranean.  


Kongsberg Bags Orders for Upgraded Heli-deck Camera

HOSS is designed for real time video monitoring of heli-deck operations in extreme low-light conditions. (Photo: Kongsberg Maritime)

Kongsberg Maritime Ltd. (KML) Camera Group announced it has been awarded multiple contracts to supply the recently upgraded Helicopter Observation Surveillance System (HOSS).   The HOSS is designed for real time video monitoring of heli-deck operations in extreme low-light conditions aboard


Clipper to Take Delivery of 2 Ultramax Newbuilds

Clipper Group announced it will take delivery of two SDARI64 newbuilding bulk carriers during the coming months from Sainty Shipbuilding in Yangzhou, China. The vessels, to be named Clipper Kalavryta and Clipper Kythira, were purchased as resales and will be technically and commercially managed by


BMT to Aid Nicaragua Canal Developers

(Left to right): Li Wenjie (CEO Representative and CAO of HKND Group), John Murray (Senior Advisor of HKND Group) and Kwok Wai Pang (Executive Vice President of HKND Group), Dr Richard D Colwill (Managing Director of BMT Asia Pacific) (Photo: BMT)

BMT Group Ltd subsidiaries BMT Asia Pacific and BMT ARGOSS have been appointed by Hong Kong Nicaragua Canal Development Group (HKND) to undertake a series of marine and port assessments for the Nicaragua Canal.   BMT will assist the development and validation of the canal’s


ABB Services Over 300 Turbochargers for CSCL

Photo: ABB

New service contract covers a further 113 turbochargers     ABB Turbocharging, part of the power and automation technology group, announced it has signed its third and largest Operation Performance Package service agreement with China Shipping Container Lines (CSCL)


Tundra MDS Earns ISO 28007-1:2015 Accreditation

Photo: Tundra MDS

Tundra Maritime Defense Services (MDS), the maritime division of Tundra Group, announced that it has been awarded full certification and accreditation for the recently issued ISO 28007-1:2015 (Guidelines for Private Maritime Security Companies)


Reliance Defence Plans Shipbuilding Facility in Andhra

Anil Ambani. Photo: Reliance Infrastructure Ltd

 India's Reliance group announced a tie up with Andhra Pradesh government for building a strategic shipyard on the eastern seaboard of the country, which will be co-located with strategic facilities of the Indian Navy and Department of Atomic Energy.  


Cargill to Close London Shipping Unit as Sector Crisis Worsens

Global commodities trader Cargill will close its London shipping office in another sign of the worsening crisis battering the dry freight market, the company said on Thursday.   Financial markets have been in turmoil since the start of the year due to worries over the health of the world


SCHOTTEL Boosts Customer Service Focus

Stefan Buch (Photo: SCHOTTEL)

With the reorganization of its service interfaces, the SCHOTTEL Group announced it is bundling After-Sales Service and System Technology.   After-Sales Service now combines SCHOTTEL’s customer service expertise that was previously spread over a number of decentralized interfaces of


Cosco Sinks into the Red

Image: COSCO Corporation (Singapore)

 Singapore-listed ship repair, marine engineering and dry bulk shipping company COSCO Corporation (Singapore) Limited has recorded a net loss of USD 11.7 million in the first quarter of 2016, compared to a net profit of USD 4.2 million in the corresponding quarter of 2015.  






 
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