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New Subsidiary

CMA CGM, IBM Sign Five Year Agreement

Partnership links world’s third largest shipping company with world leading technology services company.   After five years of working together through a joint subsidiary, CMA CGM Group and IBM today announced a new strategic partnership. Under the terms of the five-year agreement, IBM will provide industry-specific expertise in new technologies such as cloud computing and analytics, and support CMA CGM’s growth by delivering superior quality information technology services that will help CMA CGM  significantly reduce costs.   The IT teams from the two companies will be merged into a new subsidiary, CMA Systems, which will have an equally represented governance structure and report directly to Jacques R. Saadé, Chairman and Chief Executive Officer of CMA CGM. The new services and technologies developed by the new subsidiary, along with its unified organization, will enable CMA CGM to generate substantial savings in 2012, CMA CGM officials said.  


Japan's KHI to Spin Off Shipbuilding

The Kyodo news service has reported that Kawasaki Heavy Industries Ltd. of Japan will spin off its shipbuilding division on Oct. 1 into a new wholly owned subsidiary. The new subsidiary will reportedly be known as Kawasaki Shipbuilding Corp., and will specialize in the manufacture of ships and related equipment, Kawasaki Heavy said in a release. The spinoff is designed to create an efficient corporate structure that will enable the shipbuilding arm to cope with the global shipbuilding


New Ferry Line Formed

Atteshlis Shipping clinched a deal with Poseidon Lines Shipping of Liberia to operate a ferry line in the Mediterranean under a new subsidiary, it said. The subsidiary, Poseidon Lines Holdings, will operate the Sea Harmony vessel which transports cargo on the Greece-Cyprus-Israel route. Atteshlis Shipping will pay $3 million for a 51 percent stake of the new concern, with Poseidon Lines the remaining 49 percent, Atteshlis said in a statement to the Cyprus Stock Exchange


Bradford Marine Expands Line

Bradford Marine, Inc. (Bradford Marine) announced that they have expanded their line of services with the formation of a new subsidiary, Bradford Marine Group, Inc. (Bradford Marine Group). The Bradford Marine Group will significantly add to Bradford Marine’s ability to provide a full line of quality yacht services from their shipyard in Ft. Lauderdale. Bradford Marine Group will provide consulting services to yacht owners, their Captains and crews


Linssen Yachts Signs Agreement with Raymarine

One of the Netherlands' oldest and most respected yacht builders, Linssen Yachts, has confirmed an exclusive supply agreement with marine electronics manufacturer Raymarine. The two companies have worked together for a number of years.  With the formation of the new Raymarine Nederland subsidiary, Linssen yachts has chosen to sign an exclusive supply agreement stating that it provides additional benefits for both the company and its customers.


Raytheon Anschütz Opens Service Center in Panama

Photo: Raytheon Anschütz

German navigation system manufacturer Raytheon Anschütz has established its new subsidiary Raytheon Anschuetz Panama, S. de R.L., in Panama City.   The new company, to open on February 1, 2015, will be positioned as the regional customer support and service coordination center, including service training capabilities and a large spare parts depot for Panama, Middle and South America and the Caribbean. The facility of Raytheon Anschuetz Panama is located close to the Panama Canal


Blackwater Unveils New Maritime Subsidiary

Blackwater, a training, security, logistics, peace support, and stability operations firm unveiled its plans to create a new subsidiary; Blackwater Maritime Security Solutions. Blackwater Maritime Security Solutions (BMSS), in a strategic partnership with the Global Maritime and Transportation School (GMATS) at the U. S. Merchant Marine Academy, and other professional maritime organizations and industry leaders will focus on providing world-class tactical maritime security training


Ocean Works Sets Up Turkish Subsidiary

Sub-sea technology company, OceanWorks International, establishes OceanWorks Aykor as Its Turkey subsidiary. OceanWorks Aykor is a joint stock company established in Turkey by two organizations, OceanWorks International Corporation, and Aykor A.S. who has been OceanWorks International’s representative in Turkey since 1998 and a provider of complex systems to international military customers. OceanWorks Aykor will focus on the design and manufacture of technologies


Miko Marine Expands Into Asia

Miko in Asia is being led by Per Johansson (left) and Spencer Go (Photo: Miko Marine)

Miko Marine AS has appointed Spencer Go as managing director of its new subsidiary in Singapore which was established in May.  Miko Marine Asia Pte Ltd has opened a new office in Lokyang, Singapore from where Spencer Go will be spearheading the sale of Miko products and services throughout Asia. Go will be supported by Indonesia-based naval architect Per Johansson who is an established member of the Miko team and is known in the region for his knowledge of innovative marine and offshore


Keppel Acquires Cameron's Rig Business

Photo: Keppel Offshore & Marine

 Singapore's Keppel Offshore & Marine (KOM), via subsidiary, Keppel Offshore & Marine USA  has inked a deal with Cameron International Corporation, a US-based oil and gas solutions provider, to acquire its offshore rigs business for US$100mln.   This segment is made up of Cameron's proprietary LeTourneau jack up rigs designs, its rig kit business, and aftermarket services. The LeTourneau jack up rigs designs have been popular with certain market segments and will help


BG Freight Line Orders Four Containerships

Image: BG Freight Line

BG Freight Line, a fully owned subsidiary of Peel Ports Group, is to receive new tailor-made short sea container feeder vessels optimized for the company’s Irish Sea Hub services.    The new class of ‘green’ vessels has been developed by BG Freight Line operation with


MN100: Reintjes GmbH

Image: Reintjes GmbH

The Company: Founded in 1979, Reintjes GmbH is an independent propulsion technology company that manufactures thousands of gearboxes annually. More than 90,000 units have been supplied to customers worldwide. Over time, Reintjes has expanded its product portfolio of marine gearboxes for engine


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.  


Matson Orders Two ConRo Ships from NASSCO

Artist rendering of Matson Kanaloa Class vessel. Courtesy General Dynamics NASSCO (Image: Matson, Inc.)

Matson Navigation Company, Inc., a subsidiary of container shipper Matson, Inc., has signed a contract with U.S. shipbuilder General Dynamics NASSCO to build two new combination container and roll-on/roll-off (Con-Ro) vessels for its Hawaii fleet at a contract price of $511 million for both


Crowley Wins LNG Supply Deal in Puerto Rico

Photo: Crowley

Crowley Maritime Corp. said its liquefied natural gas (LNG) services group has been awarded a multi-year contract to supply containerized LNG from the U.S. mainland to Molinos de Puerto Rico, the Caribbean arm of Ardent Mills LLC, supplier of flour, wheat, corn and rice-based food ingredients.


Vard Takes Control of Vard Promar, Brazil

Vard Production of hull sections for FINCANTIERI at Vard Tulcea. d Promar in Brazil. Photo Vaard

Vard Holdings Limited (VARD) has increased its ownership stake in its indirect subsidiary in Brazil, Vard Promar, to 95.15%. Vard Promar, previously held 50.5% by VARD’s wholly-owned subsidiary, Vard Group AS, and 49.5% by a local partner, PJMR Empreendimentos Ltda


KONGSBERG wins EPCI Work for RoPax Ferry

Logo

Kongsberg Maritime has been awarded an Engineering, Procurement, Construction and Installation (EPCI) contract with Flensburger Schiffbau-Gesellschaft (FSG), a subsidiary of Siem Group. The contract, worth more than NOK 120 Million, covers engineering and maritime technology deliveries to a RoPax


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


Trident Maritime Systems to Acquire Callenberg Technology Group

Trident Logo

Wilhelmsen Maritime Services AS (WMS), a wholly owned subsidiary of Wilh. Wilhelmsen Holding ASA, said it has signed an agreement whereby technology subsidiary Callenberg Technology Group will be acquired by Trident Maritime Systems. "We have in Trident and their principal, J. F


Gazprom Neft Increases Arctic Field Output

Photo: Gazprom Neft

 Gazpromneft Shelf, a subsidiary of Gazprom Neft, brought on production two more wells in Prirazlomnoye field in the Pechora Sea, bringing crude oil output to more than 6,000 tonnes/day.   The company now has four production wells at its ice-resistant rig, located 60 km offshore


Bahri Secures $133m Funding for Five Ships

Photo National Shipping Company Of Saudi Arabia (Bahri)

National Shipping Company of Saudi Arabia (Bahri) said on Sunday that a subsidiary had secured $133.2 million in Islamic financing to purchase five chemical tankers. The funding will be provided to National Chemical Carriers by Arab Petroleum Investments Corporation and BNP Paribas in the form


Two MOL Subsidiaries' Names Changed

Courtesy MOL

Mitsui O.S.K. Lines, Ltd. today announced name changes for two of its major wholly owned subsidiaries: MM HOLDINGS (AMERICAS) INC. to MOL (AMERICAS) HOLDINGS, INC., effective July 7, 2016; and MITSUI O.S.K. BULK SHIPPING (ASIA OCEANIA) PTE. LTD. to MOL (ASIA OCEANIA) PTE. LTD


Ng Pock Appointed Dy Chair of OSS Asia Pacific

Dr. Ng Pock Too , Photo courtesy OOS Asia-Pacific Private Limited

OOS International BV has appointed Dr. Ng Pock Too as the Deputy Chairman of OOS Asia-Pacific Private Limited, a subsidiary of OOS International B.V., with effect from 28-July-2016. Dr. Ng will also serve as a supervisory board member to OOS International B.V..


Crowley Christens MT West Virginia

Fourth LNG-Ready, Product Tanker Joins the Crowley Fleet Photo Crowley

Crowley Maritime Corp. today christened the MT West Virginia, its fourth new, Jones Act product tanker for the U.S. coastwise trade, in Philadelphia at Philly Shipyard, Inc. (PSI), the sole operating subsidiary of Philly Shipyard ASA. The West Virginia is LNG ready


Maersk Supply Service to Cut Fleet, Crew

Photo: Maersk Supply Service

 The AP Moller-Maersk Group subsidiary Maersk Supply Service,, which is part of the "fifth leg" in the light blue conglomerate, is divesting up to 20 vessels over the coming 18 months and reducing its crew pool by 400 offshore positions.  






 
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