Marine link
 

New Ownership

Mainstay Marine Looks Ahead Following Rebrand

Stewart Graves, Managing Director of Mainstay Marine Solutions outside the companys build hall on Pembroke Dock (Photo: Mainstay Marine Solutions)

South Wales maritime engineering company Mustang Marine has rebranded as Mainstay Marine Solutions.   The Pembroke Dock based workboat, marine energy device and waterside infrastructure specialist has adopted a new name and corporate image following its first year under new ownership.   The company, which was bought out of administration in May 2014 by a group of nine investors, said it has thrived under its new ownership and is on course to double its workforce compared to 12 months ago, increasing from 27 employees in June 2014 to 60 today.   “The last 12 months have seen a lot of positive changes for the business, both in its working practices and culture,” said Stewart Graves, managing director of Mainstay Marine Solutions. “The rebranding exercise we’ve carried out has drawn upon those experiences, and the new name, Mainstay Marine Solutions, reflects what we’re about as a business. We’re more than just boat builders – we look to provide solutions to our customers’ workboat, marine energy and waterside infrastructure objectives.”   “We already had a proud maritime heritage and a track record for quality craftsmanship. Our focus over the last 12 months has been on extending our reputation for reliability and providing innovative engineering and design solutions to our clients, Graves continued


KMY Wins Two-Ship Order From RCL

Kvaerner Masa Yards won a $1.09 billion contract to build two ships for Royal Caribbean Cruises (RCL). The Eagle-type cruise ships are scheduled to be ready for delivery in 2002 and 2003. "The intentional agreement has been signed under the conditions that the yard can finance construction of the ships," Kvaerner said. "Even though Kvaerner has decided to pull out of shipbuilding and concentrate its operations in other fields -- and the process to find a new ownership structure for Kvaerner


Kockum Sonics Acquires LMI

Loadmaster International Inc. (LMI) announced a new ownership structure. LMI, with offices in both California and Malmö Sweden, was formerly owned jointly by Herbert Engineering Corp.(HEC) of Alameda, California and Xantic BV of The Hague Netherlands. The Malmö operations LMI AB (former Kockumation) will be acquired by Kockum Sonics, also of Malmö Sweden, and the Alameda operations of LMI will revert to sole ownership as a subsidiary of Herbert Engineering Corp.


Premier's S.S. OceanBreeze Sold To Imperial

Imperial Majesty Cruise Line purchased the S.S. OceanBreeze from Premier Cruise Lines, said President Arthur M. Pollack. The total value of the deal, including the purchase price and planned upgrades to the vessel, is in excess of $16 million. "The purchase of the OceanBreeze reaffirms our commitment to the short-term cruise concept and the South Florida market," said Pollack. The OceanBreeze began to sail under its new ownership on May 20


Marcon Sells 3,900BHP Tug Overseas

Photo: Marcon

Marcon International, Inc. of Coupeville, Washington announced the sale of the 3,900BHP, U.S. flag twin screw tug Maria Brusco (ex-Ocean Service) from a U.S. owner to private overseas buyers for transfer to registry under foreign flag. The 127’ x 32’ x 14’ depth tug was originally built in 1967 by Burton Shipyard Inc. in Port Arthur, Texas as Hull 404 for International Bulk Transport of Wilmington


Genting HK to Buy Lloyd Werft Shipyard

Photo: Lloyd Werft

Genting Hong Kong has agreed to acquire the Lloyd Werft shipyard in Bremerhaven, Germany, in a deal that will see the company invest €17.5 million for a 50 percent ownership of the land and 70 percent of the new build business. The acquisition remains subject to final purchase conditions.   Genting, a corporation primarily involved in the cruise, hospitality, leisure and entertainment businesses, is the owner Star Cruises and a major shareholder in Norwegian Cruise Line


AVIC International will Acquire Deltamarin

The majority of the shares of Deltamarin Ltd are to be sold to AVIC International Investments Limited, a publicly listed company on the Singapore Stock Exchange.   After the closing of the acquisition, Deltamarin’s existing operations will continue as they are and the business will remain independent keeping the name and the brand of Deltamarin unchanged. The aim of the intended new ownership structure is to enable Deltamarin’s solid growth in the marine and offshore oil and


GLDD Sells Historic Demolition Business

Largest provider of dredging services in the United States, Great Lakes Dredge & Dock Corporation (GLDD) informs it has completed the sale of NASDI, LLC and Yankee Environmental Services, LLC, its two subsidiaries that comprise the historical demolition business, to a privately owned demolition company located in the Midwest for US$5.3 million. GLDD points out that it retains the right to collect all outstanding accounts receivable and work in process at the date of close


Meercat Delivers First Workboat Under New Ownership

Falls of Lora is now in operation with Dawnfresh Farming

Meercat Workboats have delivered its first vessel under the umbrella of new owners Burgess Marine with the hand-over of a 14m. workboat to Scottish fish farming specialists Dawnfresh Farming. Meercat completed the steel build, named the Falls of Lora, at its facilities in Portchester, Hampshire, and the vessel is now in operation at Dawnfresh’s trout farming operation on Loch Etive, where it is being used for general fish farm maintenance with a particular focus on feeding operations


Davie Wins Icebreaker Life Extension Work

Photo: Davie

Davie awarded vessel life extension (VLE) contract for Canadian Coast Guard (CCG) icebreaker vessel   Canadian shipbuilder Davie informs it has been awarded a $16 million contract to refit and upgrade the CCGS Henry Larsen, a CCG T1200-Class Icebreaker based in St. John’s, Newfoundland.   Medium icebreaker CCGS Henry Larsen is capable of sustained icebreaking and escort operations in the Arctic and Atlantic Region for the winter and summer seasons


SharpEye Radar for Trinidad & Tobago CG Patrol Craft

Photo: Kelvin Hughes

Kelvin Hughes, a designer and supplier of navigation and security surveillance systems, announced the installation of its new SharpEye upmast radar system on four new vessels commissioned by the Trinidad and Tobago Defence Force.  


Cyber Security In Shipping & Offshore Ops

Sources: DNV The amount of communication options is growing for  shipping and offshore installations. Communication broker solutions  from Maritime Communication Partner (MCP) is shown at left and Inmarsat Plc at right.  GL, MCP, Inmarsat Plc

Global shipping and offshore oil and gas operations are increasingly dependent on integrated networks, based on various software and data transfer solutions. Systems and equipment onboard are interconnected, monitored and controlled through an onboard automation network


Liberian Registry Reaches 4,000-ship Milestone

Scott Bergeron (Photo: LISCR)

The Liberian Registry has reached a milestone with the registration of its 4,000th vessel – the 50,000 dwt chemical / product tanker newbuilding High Trust, owned by d’Amico Tankers Limited, Dublin (d’Amico International Shipping S.A. group).   


MHI's Entity to Oversee Material Handling Equipment, Engine and Turbocharger Businesses

Organizational Structure Courtesy MHI

Today Mitsubishi Heavy Industries, Ltd. (MHI) decided in principle to launch a new wholly owned entity to integrally oversee its current businesses in material handling equipment centered on forklift trucks, engines and turbochargers. The new entity will serve as an independent management body to


LNG Carrier BEIDOU STAR Delivered

LNG Carrier BEIDOU STAR

  Mitsui O.S.K. Lines, Ltd. today announced the successful delivery of the LNG carrier BEIDOU STARfrom Hudong-Zhonghua Shipbuilding (Group) Co., Ltd. (Hudong) on November 30. The BEIDOU STAR is the third ship in a series of four new-build LNG carriers that will provide transportation


CCCC May Build Terminal in Sydney Harbour

Image by Harbor Port Development Partners, Inc

 China Communications Construction Co. Ltd (CCCC). has agreed to build a highly automated container terminal in Sydney Harbour, depending on the results of a feasibility study to be conducted next year.   Albert Barbusci, CEO of Harbor Port Development Partners (HDP)


Diana Shipping Time Charter Contract for Seattle with SwissMarine

M/V Seattle. Photo: Diana Shipping Inc

 Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels,  has announced that, through a separate wholly-owned subsidiary, it entered into a time charter contract with SwissMarine Services S.A


MHI Subsidiary in Brazil for FPSO Compressors

Piracicaba Factory of NGM where MCO-B office will locate. Courtesy Mitsubishi Heavy Industries Compressor Corporation

   In December Mitsubishi Heavy Industries Compressor Corporation (MCO), a Group company of Mitsubishi Heavy Industries, Ltd. (MHI) based in Hiroshima, will establish a new company in Brazil in a joint venture with Mitsubishi Corporation (MC), to be known as MHI Compressor do Brasil Ltda


Damen Trading Launches New Website

Photo: Damen

The new website for Damen Trading, the brokerage department of the Damen Shipyards Group, integrates Damen corporate house-style as well as an improved profile of services that includes registration, transport and even vessel modifications if required


Diana Charters Out Two Bulkers

Santa Barbara Courtesy Diana Shipping

  Diana Shipping Inc. a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it agreed to extend the present time charter contract with RWE Supply & Trading GmbH, Essen, Germany


DeltaLangh Bought by Langh Tech

Sauli Vahtokari from Langh Group’s production and Langh Group’s Managing Director Laura Langh-Lagerlöf. (Photo: Langh Tech)

Langh Tech has bought Deltamarin Ltd’s share of the previously jointly owned DeltaLangh Ltd, which manufactures scrubbers and water treatment systems.   “The cooperation with Deltamarin continues and Deltamarin Floating Construction can still provide turnkey scrubber


Diana Secures Time Charter with Transgrain

Nirefs (Photo: Diana Shipping)

Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it entered into a time charter contract with Transgrain Shipping B.V., Rotterdam, for one of its Panamax dry bulk vessels


Diana Newcastlemax in $2.13m RWE deal

Courtesy Diana Shipping

Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it entered into a time charter contract with RWE Supply & Trading GmbH, Essen, Germany


GE Marine Powered Tugs Delivered to SAAM

Arriero (Photo: GE Marine)

SAAM has taken delivery of its first two tugs to be powered by GE Marine. These new 80-ton RAstar 3200 terminal support tugs include two 8L250 GE Marine diesel engines. Designed by Robert Allan Ltd. and built at Guangdong Bonny Fair Heavy Industry Limited in China


Slashed Charter Rate for Diana's m/v Houston

Courtesy Diana Shipping

Diana Shipping Inc. a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with SwissMarine Services S.A., Geneva, for one of its Capesize dry bulk vessels






 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright