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New Joint News

02 Jan 2024

Bulk Carrier Management JV Established in Singapore

From left to right: Bryan Chang, Assistant Vice President, Business & Operation Dept, Wisdom Marine Group; YG Lin, President, Wisdom Marine Agency; James Lan, Chairman, Wisdom Marine Group; Captain Rajesh Unni, Founder and Executive Chairman, Synergy Marine Group; Ajay Chaudhry, Co-CEO, Ship Management, Synergy Marine Group; Capt. Shubham Kapoor, Asst. General Manager, Business Development, Synergy Marine Group.

Taiwan-based dry bulk shipowner Wisdom Marine Group and Singapore-based ship management company Synergy Group have announced a new joint venture (JV).Wisdom Synergy Ship Management (WSSM) will be headquartered in Singapore with key operational centres in Taiwan and India and will provide technical management for Wisdom’s diverse fleet.Last year, Wisdom chose Synergy Group to provide management services for a portion of its fleet.The JV cements a collaborative relationship established in 1999 by James Lan, Chairman of Wisdom Marine Group.

01 Dec 2023

JIP to Advance Offshore Wind Concrete Floater Standards

Concrete grout testing for reinforcement of steel structures-fullscale testing. Image courtesy DNV

DNV secured partners to launch a new project to enhance technology development and prepare for scale/industrialization of concrete substructures for floating offshore wind.The new Joint Industry Project (JIP) called Concrete FLOW will optimize requirements for concrete floaters (floating or semisubmersible structures, generally moored to the seabed, used as foundations upon which equipment can be mounted), specifically tailored for floating offshore wind farms.At the kick-off


09 Nov 2023

Maritime Technology Firms NAVTOR and Voyager Worldwide Set to Merge

Tor A. Svanes, CEO and founder of NAVTOR

NAVTOR, an e-Navigation and performance technology provider to the maritime industry, and Voyager Worldwide, a provider of maritime technology solutions, have agreed to merge.The combined company will deliver products and solutions to approximately 18,000 vessels globally. The transaction is expected to close by December 2023.Both companies provide maritime technology solutions that enable shipping companies to improve safety, efficiency, compliance, and operational performance


25 Oct 2023

SEACOR Sells Its Inland River Business to Ingram

© Danita Delimont / Adobe Stock

Fort Lauderdale, Fla. based SEACOR Holdings Inc. announced it has signed a definitive agreement to sell its inland river transportation and logistics business to Ingram Barge Company LLC, a division of Nashville-based Ingram Marine Group.Part of the SEACOR family of businesses for over two decades, Inland River Transport Holdings LLC (SCF) includes more than 1,000 covered dry cargo hopper barges, eight 6,000-plus horsepower towboats and a network of terminal and fleeting infrastructure along the Mississippi River.“I am extremely pleased to enter this transaction with Ingram


10 Oct 2023

MOL Establishes Indonesian Manning Company

From left: PT Humpuss Maritim Internasional Tbk. President Director Tirta Hidayat, MOL Managing Executive Officer Kazuya Hamazaki (Source: MOL)

Mitsui O.S.K. Lines (MOL) and PT MCS Internasional (MCSI) have established PT McMOL Crewing International, a new joint-venture LNG carrier manning company. MCSI is part of PT Humpuss Maritim Internasional Tbk. Group in Indonesia.The JV plans to begin operations in April 2024, and will primarily allocate seafarers for the MOL Group's fleet of LNG carriers.In operating vessels transporting LNG, it is essential to recruit, train, and retain top-quality seafarers who are qualified to handle LNG, says MOL.

09 Oct 2023

The Headwinds of US Offshore Wind Development

© nblxer / Adobe Stock

On March 29, 2021, President Biden announced his ambitious plan to deploy 30 gigawatts (GW) of offshore wind power – enough energy to power 10 million U.S. homes – by 2030. The plan would leverage authorities under the Department of Interior, Energy, and Commerce to guide “more than $12 billion per year in capital investment in projects on both U.S. coasts, create tens of thousands of good-paying, union jobs, with more than 44,000 workers employed in offshore wind by 2030 and nearly 33,000 additional jobs in communities supported by offshore wind activity.” The U.S.

13 Sep 2023

New Company Will Combine Crowley and SEACOR Jones Act Tank Vessel Fleets

(Photo: Crowley)

U.S. maritime companies Crowley and SEACOR Holdings' Seabulk Tankers have created a new joint venture that combines their liquid energy and chemical transportation vessels, operations and related services into a new, independent U.S. Jones Act service provider.The new company, Fairwater Holdings, will serve the U.S. domestic market with vessels and marine transportation solutions across the petroleum and chemical trades, as well as related third-party ship management services. It will include 20 oceangoing, articulated tug-barges (ATB) and 11 tankers, many under long-term charter.

01 Sep 2023

Intermarine and Jumbo-SAL-Alliance Set Up Hub in Chile

(Photo: Intermarine and Jumbo-SAL-Alliance)

Multipurpose carrier Intermarine and sister company Jumbo-SAL-Alliance (JSA) expand their presence in South America, opening a new office in Santiago.Intermarine and Jumbo-SAL-Alliance are joining Intermarine’s long-time agent, Marval, to form the new subsidiary JSA-Intermarine Chile. The first office to carry the name of both companies will be led by Nelson Matus, a veteran in the South American breakbulk and multipurpose sector with over 25 years of experience. Matus and his


21 Jul 2023

DNV, UAE Ministry of Infrastructure & Energy to Set Up Maritime Decarbonization Center

The signing took place at IMO headquarters in London. (From L to R: Kitack Lim, Secretary-General of the International Maritime Organization (IMO), Knut Ørbeck-Nilssen, CEO of DNV Maritime, H.E Hessa Al Malek, Advisor to the Minister for Maritime & Transport Affairs, MOEI, H.E Mohamed Al Kaabi, UAE IMO Permanent Representative). - Credit: DNV

Suhail Al Mazrouei, United Arab Emirates (UAE) Minister of Energy and Infrastructure, and Knut Ørbeck-Nilssen, CEO of DNV Maritime, representing the Foundation Det Norske Veritas, signed a Memorandum of Understanding (MOU) on establishing a new UAE Decarbonization Center. The MOU was signed at a ceremony at the International Maritime Organization's headquarters in London, H.E "The Marine Environment Protection Committee’s (MEPC) 80th session this month showed that shipping is now on an accelerating path towards full decarbonization.

26 Jun 2023

SAFEEN Drydocks - a New Name in Middle East Ship Repair

Image courtesy AD Ports Group

AD Ports Group and Premier Marine Engineering Services LLC formed a new joint venture, SAFEEN Drydocks, owned 51% by AD Ports Group, 49% by Premier Marine.The new enterprise will offer a broad range of vital services including drydocking, afloat repairs, ship building and refurbishment. The hub of SAFEEN Drydocks’ operations will be located at Khalifa Port and encompass a 45,000 sq. m. shipyard and repair facility, 350m quay wall for vessel afloat repair, and a floating dry dock for vessel maintenance and refurbishment.

12 Apr 2023

Partners Developing Methanol-fueled High-speed Marine Engine

(Photo: Rolls-Royce)

Three marine industry partners are working to develop a concept for a high-speed internal combustion engine for ships that can run on green methanol in a CO2-neutral manner.Rolls-Royce, Woodward L’Orange and WTZ Roßlau have been working since the beginning of 2023 on the new joint project “MeOHmare”, which is receiving eight million euros in funding from the German Federal Ministry of Economics and Climate Protection.Dr. Daniel Chatterjee, responsible for technology strategy and sustainability at alliance coordinator Rolls-Royce Power Systems


16 Feb 2023

Bourbon and Horizon Join Forces to Provide Offshore Vessel Services in North Sea and Canada

©Bourbon

Bourbon and Horizon Maritime have created a new joint venture that will offer marine services and operations in the North Sea and Canadian offshore markets.Incorporated in Norway, the new company is called Bourbon Horizon, and, according to a press release issued Thursday, it will become "a new leader in offshore operations in the harshest environments."It will be strategically positioned in Fosnavåg (Norway) and St. John’s (Newfoundland and Labrador, Canada), with a base fleet of "seven modern and capable offshore support vessels."The fleet includes five platform supply vessels


19 Dec 2022

BCG, ABS Team Up to Decarbonize Maritime & Offshore Industries

Christopher J. Wiernicki, ABS Chairman, President and CEO (Left) and Peter Jameson, Partner and Global Lead for Climate and Sustainability in BCG’s Infrastructure, Transport and Cities practice (Right)  Credit: ABS

Boston Consulting Group (BCG) a consultancy and advisor on decarbonization to the maritime industry, and maritime classification society American Bureau of Shipping (ABS), have signed a memorandum of understanding to combine their technical and consulting expertise in the maritime and offshore industries, providing joint support to clients’ decarbonization journeys.Peter Jameson, Partner and Global Lead for Climate and Sustainability in BCG’s Infrastructure, Transport and Cities practice


10 Oct 2022

LR and Triumph Announce Sustainable Vessels JDP

(Image: Triumph Energy)

Lloyd’s Register (LR) and Triumph Energy (Triumph), a marine technology company specializing in green technology and automation, have announced a new Joint Development Project (JDP) to ensure vessels are built and operated sustainably. The collaboration will see a new ShipRight procedure for vessels used within the offshore energy, decommissioning and renewable energy sectors.The new ShipRight Procedure will guarantee that vessels comply with relevant sustainability and ECO requirements


22 Aug 2022

Japanese Firms Working on Ammonia Floating Storage & Regasification Barge

A-FSRB Credit: NYK Line

NYK Line, Nihon Shipyard Co., Ltd. (NSY), ClassNK, and IHI Corporation (IHI) have signed a joint research and development agreement for the commercialization of an ammonia floating storage and regasification barge (A-FSRB). Specifically, the parties will work on the R&D of the world's first barge equipped with a floating storage and regasification facility for ammonia.Since ammonia does not emit carbon dioxide (CO2) when combusted, it is expected to be a next-generation fuel that contributes to global warming countermeasures


15 Jun 2022

Solstad, DeepOcean and Østensjø Launch Remote Ops Venture

(Photo: Solstad Offshore)

A group of companies working in the offshore energy industry are teaming up in an effort to fast-track the journey toward remotely managed services, including onshore remote operations centers and unmanned surface vehicles (USV).Solstad Offshore, DeepOcean Group and Østensjø Group have established and will share 33.33% stakes in two joint ventures (JV). One of them, Remota AS, will own and operate advanced onshore remote operations centers, while the other, USV AS, will develop


05 May 2022

Abu Dhabi's AD Ports to Develop Multi-purpose Terminals, Cruise Ship Berths Along Egypt’s Coastline

Kamel El-Wazir, Minister of Transport of Egypt attending the signing ceremony of the agreements between Red Sea Ports Authority, the Egyptian Group for Multipurpose Terminals Company, and AD Ports Group by (from right):  Abdel Qader Darwish, Chairman of the Board of Directors of the Egyptian Group for Multipurpose Terminals Company;  Mohamed Abdel Rahim, Chairman of the Board of Directors of the Red Sea Ports Authority; and Saif Al Mazrouei, CEO of the Ports Cluster, AD Ports Group

Abu Dhabi's AD Ports Group and the Red Sea Ports Authority have signed a Term Sheet and a Head of Terms agreement for what they say are major port projects along Egypt’s coastline, including multi-purpose terminals, and cruise ship berths.The first agreement will see AD Ports Group develop, operate, and manage a multi-purpose terminal in Safaga Port in a consortium with the Red Sea Ports Authority and the Egyptian Group for Multipurpose Terminals Company, the commercial arm of


05 Apr 2022

DNV Awards KNCC AIP for High Pressure LCO2 Transport Concept

Image of liquefied CO2 carrier with bow loading system (Image: KNCC)

Classification society DNV announced it has awarded approval in principle (AIP) to Knutsen NYK Carbon Carriers (KNCC) for its PCO2 tank system for the transportation of liquefied CO2 (LCO2).Many of the world’s decarbonization goals can only be met through use of carbon capture and storage (CCS) technologies. But to make a meaningful impact on the climate challenge, all of the CCS chain must be deployed and then scaled rapidly. Transport of CO2 is an essential part of this chain


16 Mar 2022

Ince Appoints New Joint Managing Partners for Dubai Office

From left: Alastair Holland and Mohamed El Hawawy (Photos: Ince)

International legal and professional services firm Ince has appointed partners Mohamed El Hawawy and Alastair Holland as new joint managing partners of its Dubai office to lead Ince’s business in the Middle East.Mohamed El Hawawy is a UAE shipping lawyers, specializing in litigation and dispute resolution. He assists local and multi-national companies on shipping disputes in the Middle East and has advised on numerous high-profile cases and casualties in the UAE, Egypt, Qatar, Saudi Arabia and Kuwait.

11 Mar 2022

From Cruise Ships to Condos, Meyer Group JV Aims at the Floating Real Estate Biz

Photo courtesy MEYER Floating Solutions

MEYER Group, aleading shipbuilding consortium with three modern, large-scale shipyards in Europe, has joined forces with ADMARES Marine, a leader in floating real estate, to form a new joint venture. Headquartered in Turku, Finland, MEYER Floating Solutions is focused on developing and manufacturing high quality floating real estate.“MEYER Group had recognized great potential in the floating solutions business and identified ADMARES Marine as the market leader in this developing industry.

03 Jan 2022

New JV Stevedoring Company Handles First Box in Savannah

Members of the International Longshoremen’s Association and the newly formed stevedoring operation Gateway Terminals handle their first container together, Monday, Jan. 3, 2022, at Garden City Terminal in Savannah, Ga. (GPA Photo / Stephen B. Morton)

On Monday at the Port of Savannah, representatives from Gateway Terminals, the International Longshoremen’s Association and the Georgia Ports Authority joined to mark the first container moved under the direction of Gateway, a new joint venture company combining locally the three legacies of Ports America, Ceres Marine Terminals and SSA Atlantic.Ports America, Ceres Marine Terminals and SSA Atlantic have consolidated container terminal, truck gate and stevedoring services under Gateway Terminals to streamline their activities.

21 Dec 2021

Partners Aim to Develop Low Pressure Solutions for CO2 Shipping

(Photo: DNV)

Energy companies Equinor, Shell, TotalEnergies, Gassco and classification society DNV have commenced a new joint industry project (JIP) to develop low-pressure solutions for the transportation of CO2 by ships. The CETO (CO2 Efficient Transport via Ocean) JIP will carry out the technology qualification of a low-pressure ship design and identify solutions to scale CO2 transportation volume, while reducing the associated risks, to support the development of opportunities in CCS. CETO is funded by the project partners and GASSNOVA through the CLIMIT program and is expected to be completed in 2023.

15 Dec 2021

New Quarantine Program Aims to Combat Shipping Industry Crew Crunch

© Igor Kardasov / Adobe Stock

The maritime industry is establishing its own approved international network of quarantine facilities to ensure safe crew changes as the Omicron variant spurs governments to close their borders to seafarers needing to leave and join ships.The Crew Enhanced Quarantine International Program (#CrewEQUIP) is a partnership between the International Maritime Employers’ Council (IMEC); the International Chamber of Shipping (ICS); and the International Transport Workers’ Federation (ITF)


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