New Joint

Swiss Re To Launch Joint Lloyd''s Hull Insurer

Swiss Re, Lloyd's underwriter Chartwell Re and marine mutual insurance manager Thomas Miller are reportedly setting up a new joint venture marine insurance syndicate at Lloyd's.

ZF Establishes Joint Venture in China

At the headquarters of ZF Friedrichshafen AG, the management of ZF and of Nanjing Highspeed & Accurate Gear (Group) Co. Ltd. (NGC) signed a contract to establish the ZF Nanjing Marine Propulsion Co. Ltd. (ZF-NMP). The company will be based in Nanjing, P.R. China, owned 60 percent by ZF (China) Investment Co. Ltd., Shanghai (a subsidiary of ZF Friedrichshafen AG) and 40 percent by NGC. The new company will assemble and market ZF Marine’s range of heavy duty transmissions for application in

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.

V.Ships Forms New Joint Venture

V.Ships Hansen has been formed by incorporating the respective ships agency companies of V.Ships MSI (the Asian joint venture of V.Ships and IMC) and the Hansen Group of Taiwan. This new company will have its own offices in Singapore, Taiwan, China, Vietnam and Cambodia whilst maintaining its Asia-wide network of partners in other countries. V.Ships Hansen enhances V.Ships Agency’s ability to offer multi regional packages to customers

PT Batam Maritime Center signs MoU

PT Batam Maritime Center – a member of Drydocks World Group-  a maritime service provider in the region, has signed a Memorandum of Understanding with Indonesia based  PT Bina Bangun Bahari, a company engaged in engineering, fabrication, construction and infrastructure to implement a cooperation agreement for management of land in Batam, Indonesia.   Commenting on the sustained interest in contributing to the development of Indonesia

Greek J/V to Acquire HSH Debtors' Fleet

Navios Maritime Holdings & Navios Maritime Acquisition Corp. in J/V sign LOI to buy 10 ships from debtors of HSH Nordbank. The new Joint Venture company, named Navios JV,  has executed a binding letter of intent to acquire ten vessels, composed of five product tankers and five container vessels with an average age of 5.5 years from debtors of HSH Nordbank AG. Angeliki Frangou, Chairman and Chief Executive Officer of Navios Holdings and Navios Acquisition stated

Owners, Yards Develop Industry Standard on Speed Trials

After a three-year study, twelve leading shipowners and six major yards have set an industry standard on speed trials. “Best Practice” for conducting speed trials, as well as a recommended analysis procedure have been developed. The Sea Trials Analysis (STA) joint industry project was initiated in 2002 by Shell, P&O/Nedlloyd, Maersk and Dutch research institute MARIN, to develop a common methodology for speed trials for new ships coming into service. The new standard

Browning Appointed CEO at Austal USA

The Executive Chairman of Austal Limited, Mr John Rothwell AO, today announced the appointment of Mr Bob Browning as Chief Executive Officer of Austal USA, effective mid August this year. Mr Rothwell said Mr Browning would add substantial experience to Austal’s existing executive team, and assist the company achieve its strategic growth plans across all sectors of the business. Mr Browning has been a non-executive Director of the Company since September 2003

Maritime Strategy Port Call at University of Denver

By Mass Communication Specialist 1st Class Leif HerrGesell, Navy News Service The diplomats of tomorrow met with Deputy Chief of Naval Operations Vice Adm. John Morgan and naval strategist Capt. Dan Cloyd at the , March 26 to discuss the new joint-service Maritime Strategy and what it means to the nation's future. Over 50 students and faculty from the university's Graduate School of International Studies (GSIS) gathered in an intimate forum to listen to Morgan as he described the way ahead

ROLLS-ROYCE AND DAIMLER ANNOUNCE JOINT VENTURE COMPANY AND INTENT TO LAUNCH A PUBLIC TENDER OFFER FOR TOGNUM AG

*  Combination aims to create a leading global player in the industrial engines market *  The joint venture strengthens Tognum’s position and establishes a broader range of products, systems and services as well as global sales network  *  Rolls-Royce contributes Bergen gas and diesel medium-speed engine business – further enhancing the growth prospects of Bergen *  Addressing a global market worth more than €30 billion a year with above