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New Company

Alstom Sells Shipbuilding Division to Aker Yards

Aker Yards and Alstom announced their intention to join forces in shipbuilding in which the companies would establish a new company consisting of the shipyards in Saint-Nazaire and Lorient. Aker Yards would own 75 percent of this new company and Alstom would commit itself to keep the remaining 25 percent until 2010. The transaction would enable continuity in management and the actions taken as part of the “Marine 2010“ performance improvement and cost reduction program already under implementation in ALSTOM Marine. The transaction would have no direct impact on employment. By being part of Aker Yards, the new company would benefit from a broadened product range and strong industrial synergies. Aker Yards has 13 yards in 5 countries in which it has demonstrated its ability to implement synergies. It would be in a position to address the strong growth which is expected in this market. The new company would benefit from a unique design competence, combining the long tradition of French and Finnish cruise shipbuilding, that has produced icons such as SS France, Queen Mary 2, the Voyager class and the Freedom class ships. Aker Yards would also be in a position to fully leverage Chantiers de l’Atlantique's large industrial capacity in cruise ships and naval vessels in Saint-Nazaire. The shipyard is ideally positioned to handle the construction of very large ships and is able to respond to a cruise market which demands vessels of ever-increasing size.


Pemex to Launch Transport, Drilling Companies in 2015

pemex.jpg

Pemex, Mexico's state oil company, will launch new companies next year as it restructures following landmark energy reform, Pemex Chief Executive Officer Emilio Lozoya told local radio on Monday. "The business plan that we're considering for the next year will involve an internal restructuring," Lozoya said. "We will be launching various new companies that will be 100-percent-Pemex owned in order to run certain businesses more efficiently."


Exmar, Golar Mull Possible LNG Merger

Exmar, the tanker division of Belgian shipping company CMB is reportedly in talks with Norway's Golar LNG to merge their liquified natural gas activities. It was reported that Exmar director Nicolas Saverys said the new LNG company would have assets worth $500 million. "We are in detailed negotiations with (John) Frederiksen (Golar LNG's shipping magnate owner) about bringing our LNG activities into a new joint venture," Saverys was quoted as saying.


Deltamarin, Shandong New Shipbuilding Create Joint Venture Company

The Finnish private-owned company Delta-Sigma Ltd (owner of Deltamarin Ltd and Deltamarin Contracting Ltd) and the Chinese state-owned company Shandong New Shipbuilding Heavy Industries Co., Ltd have established a joint venture company to provide technical and engineering services to Chinese shipbuilding and marine industry market. The new company is called Shandong Deltamarin Ship Design Co., Ltd, and its office is located in Weihai City, Shandong Province


Fairplay Towage and Multraship Launch JV in Antwerp

Antwerp Towage NV, a 50/50 joint venture between Fairplay and Multraship will deploy Multratug 5, as well as Fairplay 22,  Fairplay 17, and Multratug 10, providing a four-vessel fleet.

Fairplay Towage and Multraship have jointly launched a new company to provide towage services in . Antwerp Towage NV, a 50/50 joint venture between Fairplay and Multraship, is the first new initiative launched by the two companies following the signing of an agreement in August this year by which Fairplay Towage took a 50 percent stake in Multraship. The new company will have an office on the Tavenierkaai in and will provide shipowners and charterers with a responsive and efficient tug


BHP Considers London Listing for Demerged Company

Global miner BHP Billiton is considering listing a planned spin-off company in London as well as in Sidney and Johannesburg, the company said in a letter to shareholders. BHP announced in August it would spin off some base metals and coal assets worth an estimated $16 billion and said at the time the new company would be headquartered in Perth and listed in Australia, with a secondary listing in South Africa. Some UK-registered shareholders have expressed concerns about the lack of a


Hydro, Statoil to Establish Offshore Oil Company

The boards of Norway's Hydro and Statoil have urged their shareholders to approve a deal that would merge their oil and gas assets. If approved, Norway's largest offshore oil company would be created, with a combined production of 1.9 million barrels per day in 2007 and proven oil and gas reserves of 6.3 billion barrels of oil equivalent. Hydro's shareholders will hold 32.7% and Statoil's shareholders will hold 67.3% of the new company. Hydro's shareholders will receive 0


Telenor Launches Marlink

Telenor Satellite Services announced that it has formed a new company, Marlink, to provide a wide range of mobile satellite communication services, mainly for customers in the maritime sector. Marlink will act as a 'multi-supplier' of mobile satellite airtime providing communication services from a number of suppliers, including but not limited to Telenor. Marlink will also provide traffic accounting services, hardware and value-added services.


Mitsubishi Heavy Industries Revamp Singapore Businesses

MHI to launch new Mitsubishi Heavy Industries Engineering & Services Private Ltd. (MIES) in Singapore, integrating three local afiliated companies. Effective October 1st 2012 Mitsubishi Heavy Industries, Ltd. (MHI) will launch a new company, Mitsubishi Heavy Industries Engineering & Services Private Ltd. (MIES), to supersede the current MHI Industrial Engineering & Services Private Ltd. (also abbreviated as MIES) after taking over various business functions of two other MHI


China Marine Giant COSCOCS Strategizes Business

Image: China COSCO Shipping Corp

 China COSCO Shipping Corp Ltd  (COSCOCS), a new company formed by the restructuring of China's top two shipping firms, was officially established on Thursday (February 18).   The Chairman Xu Lirong said his company,now the world's largest bulk vessel and oil tanker operator by fleet size,  is planning to deploy more resources to six new businesses.   According to a report in China Daily, the shipping major will focus on logistics, industrial equipment manufacturing


Hoover Container Solutions, Ferguson, CCCC Merge

Hoover Ferguson Logo

Hoover Container Solutions (“Hoover”), Ferguson Group (“Ferguson”) and CHEP Catalyst & Chemical Containers (“CCC”), three leading global providers of container solutions products in the energy, petrochemical and general industrial markets


GE to Merge Oil & Gas Unit with Baker Hughes

Photo: GE

General Electric Co said on Monday it would merge its oil and gas business with Baker Hughes Inc, creating the world's second-largest oilfield services provider as competition heats up to supply more-efficient products and services to the energy industry after several years of low crude prices.


Mwani Qatar, Milaha Team-up to Manage Hamad Port

Signing of an agreement between Mwani Qatar and Milaha Photo Milaha

HE Minister of Transport and Communications Jassim Saif Ahmed Al Sulaiti, Chairman of Qatar Ports Management Company (Mwani Qatar) and Sheikh Ali bin Jassim bin Mohammad Al-Thani, Chairman of Qatar Navigation (Milaha), today witnessed the signing of an agreement between Mwani Qatar and Milaha to


Ecovix to File for Bankruptcy - Report

Brazilian shipbuilder Engevix Construcoes Oceanicas (Ecovix) is expected to file for bankruptcy protection from creditors in a local court this month, the newspaper Valor Economico said on Wednesday. The company, based in Rio de Janeiro, has more than 6 billion reais ($1


COSCO Shipping Bulk Sets Sail

Photo: COSCO Group

 The world's largest bulk vessel fleet in terms of both ship numbers and deadweight tonnage COSCO Shipping Bulk Co is officially launched in Guangzhou. Its a merger between two companies - COSCO Bulk Carrier Co and China Shipping Bulk Carrier Co.  


Thornico Enters Dry Bulk Shipping

An Experienced and Earth-bound Team Photo Thorco Bulk

THORNICO launched its newest player on the shipping market, the dry bulk carrier Thorco Bulk. THORNICO already owns the project oriented carrier Thorco and with this expansion it aims to offer a wider range of services to meet the needs and demands of their clients.


Hoover, Ferguson, CCC Announce Merger

Logos

 Hoover Container Solutions (“Hoover”), Ferguson Group (“Ferguson”) and CHEP Catalyst & Chemical Containers (“CCC”), the three global providers of container solutions products in the energy, petrochemical and general industrial markets


Kongsberg: Blazing a Digital Trail

(Photo: Kongsberg)

Earlier this year Kongsberg launched Kongsberg Digital, a new subsidiary to expand its industrial software offering, a “start-up” with about 500 employees. Hege Skryseth, President of Kongsberg Digital and also the Chief Digital Officer of Kongsberg shares with MR her insights on the


Foreship Establishes Tallinn Subsidiary

Logo: Foreship

Naval architect and marine engineering company Foreship has created a wholly-owned subsidiary located in Tallinn to strengthen ties with shipowners, shipyards and marine equipment suppliers in Estonia, and support the development of locally-based design skills.  


J.F. Lehman Acquires Oldenburg's Heavy Equipment Group

J .F. Lehman  LOGO

J.F. Lehman & Company (JFLCO) informs it has signed a definitive agreement with Oldenburg Group Incorporated to acquire its Heavy Equipment Group, including both its defense and mining business units.  The new company will be named Lake Shore Systems, Inc


Mont Hope Selects DNV GL's ShipManager

Capt. Sanjay Tyagi, CEO, Mont Hope Ship Management

Mont Hope Ship Management, a new and specialized company focusing on services for vessels engaged in energy segments, is implementing DNV GL’s integrated software system ShipManager on the entire fleet in order to optimize operations and improve performance.


Damen Establishes Caribbean Repair Yard

René H. Berkvens, Damen Shipyards Group CEO; Eugene Rhuggenaath, Minister of Economic Development; and Getmar Caldera, Managing Director CDM Holding (Photo: Damen)

On Friday, September 9, the government of Curaçao and Damen Shipyards Group signed a concession agreement for the future operation of the current Curaçao Drydock Company, enabling Damen to establish a new company on Curaçao under the name Damen Shiprepair Curaçao.


KOTUG SMIT TOWAGE Opens Head Office

Photo: van der Kloet Foto & Videoproducties BV

The new head office of KOTUG SMIT TOWAGE was opened September 23 in Rotterdam by mayor Ahmed Aboutaleb.   KOTUG SMIT TOWAGE was founded on April 7, 2016 following the merger of the European harbor towage services of KOTUG and SMIT. After the start


GM Deep Sea Mooring Secures Det Norske Oljeselskap Contract

Deep Sea Mooring Will Supply Mooring Equipment Services To Safe Zephyrus Semi-Submersible Accommodation Vessel (Photo: Global Maritime)

Global Maritime Deep Sea Mooring, a provider of offshore mooring services in Norway, has signed a contract with Norwegian operator Det norske oljeselskap to support Prosafe’s semi-submersible Safe Zephyrus accommodation rig in the Ivar Aasen North Sea field


NYK Establishes Logistics Company for Finished Cars in Kenya

Photo: NYK Line

 NYK has signed a joint-venture agreement with Bolloré Transport & Logistics Kenya Limited (Bolloré) and Toyota Tsusho Corporation to establish Bolloré NYK Auto Logistics Limited, a logistics company for finished cars. 






 
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