Supply chain solutions provider in challenging environments, Supreme Group (Supreme), says it has completed its purchase of EMS Seven Seas ASA. Headquartered in Norway and listed on the Oslo Stock Exchange, EMS Seven Seas is a global maritime services group serving merchant marine, offshore and defense customers. The company supplies general ship supplies, provisions, stores, spare parts and leading technical maritime brands through its extensive network of some 600 ports. Supreme now owns 90.04% of the total outstanding shares in EMS and says it will make a mandatory offer to the remaining shareholders in the company in due course. "We are excited to announce completion of the acquisition of EMS Seven Seas, which is a great company with strong brand loyalty," said Theo Reichert, CEO, Supreme Group. "By integrating ship supply services to our existing portfolio of supply chain solutions, we are well positioned to serve the evolving needs of both military and commercial clients. We are prepared to make investments to ensure EMS Seven Seas becomes the global leader in commercial ship supply within three years, and we look forward to working closely with their teams around the world to make this happen, merging our organizations to leverage operational synergies to their fullest potential," Reichert added. About Supreme Group
Ship supply specialist Unitor, has entered into a three-year sole supply contract with MARCAS, the Bermuda-based marine purchasing group. MARCAS’ members, who include the V. Ships Group, Teekay Shipping and World Wide shipping, have agreed to contract with Unitor for the sole supply of chemicals, gases and associated welding products for a minimum period of three years.
VANOS S.A in Greece has teamed up with Maritime Information System AS (MARIS) of Norway to extend its product range to include Wheelmark (EU) certified Electronic Chart Display and MARIS on the Information Systems (ECDIS) PC Radar Kits. The agreement covers radar overlay to ECDIS and radar/ARPA and MARIS VDR and S-VDR. VANOS S.A is a Ship Supplies company, established in 1929 and an Admiralty Chart Agent, representing a portfolio of brands popular across the globe and a vast range
68.5 million tonnes of annual overall traffic for the port of Le Havre. With a combined total of 68.5 million tonnes processed (including ship supplies and bunkering), 2011 traffic for the leading port for the external trade of France reflects the context of the year itself – a strained economic situation for global markets and, for general cargo, a beginning to the year that was marked by important negotiations within the scope of the port reform implementation in France
Maersk gains from US military's US$ 11.5 billion war shipments Maersk, owner of the world’s largest shipping line, has benefited the most from the U.S. military’s dependence on commercial lines, according to a report in 'Longshore & Shipping News'. The company, based in Copenhagen, received almost half the military’s $1.82 billion in contracts last year to ship supplies and equipment around the globe, most of it tied to Iraq and Afghanistan
LPG shipping rates are expected to decline from the second half of 2016 as a bloated orderbook for VLGCs (very large gas carriers) fuels fleet growth that will far exceed shipping demand, according to the latest edition of the LPG Forecaster, published by global shipping consultancy Drewry. VLGC earnings have had another stellar year, averaging above $2.0 million per calendar month in the period to September 2015. This has been driven by three principle factors: rising US exports; an
SwiftCraft is a designer's tool for speed and power prediction of propeller-driven monohull vessels under 250 ft. SwiftCraft had been developed specifically for designers and builders of motor yachts, patrol craft, small ships, supply vessels, ferries and other transit craft. SwiftCraft employs advanced parametric prediction capabilities. Modeled on web navigation, it is ideal for new users where a rapid learning curve is important and the time needed to complete a project must be minimized
International Shipsuppliers & Services Association (ISSA) encourages members to adopt eco-friendly practices The International Shipsuppliers & Services Association (ISSA) is encouraging its members to implement green policies and achieve internationally-recognised environmental standards under its flagship Green ISSA initiative. Jens Olsen, ISSA President, said: “We believe that the modern ship supply industry must have environmental considerations at the heart of its
With the North American ECA (Emission Control Area) now in force, Hans Staal, Branch Manager, OW Bunker USA explains the lessons that must be learned and why collaboration within the shipping supply chain is going to be key to meeting new regulatory challenges. Since the outset, the introduction of the North American Emission Control Area (ECA) in August 2012 has been an issue of some concern for many ship owners and operators
While the large oceangoing variety of ships garners the lion’s share of attention in regards to Arctic operations, modern offshore vessels that will be required to support potential oil and gas business in the region are equally vital. Viking Supply Ships recently carried out full scale ice trials in the Gulf of Bothnia on the Brage Viking, an 85m long anchor handling tug supply (AHTS) type offshore support vessel delivered from Zamakona shipyard in Spain two years ago.
Busan Port unveils plans to fuel booming cruise sector; Korean government backs national cruise industry In response to Northeast Asia’s rapidly growing attractiveness as a cruise destination, South Korea’s port of Busan is bringing new facilities on-stream this year and has
Capesize market could worsen in short-term; 3.5 mln tonnes could be cut from Brazil ore exports. Freight rates for capesize bulk carriers could drift lower next week as Brazil's Samarco iron ore mine disaster and uncertain ore demand from China weigh on cargo volumes, brokers said.
A slump in dry bulk shipping is set to worsen as the meltdown in global commodities and too many ships free for hire rock the sector used by investors to gauge the health of world trade. Slower coal and iron ore demand from China - the world's biggest industrial importer - have battered
Global liquefied petroleum gas (LPG) export volumes for the calendar 2015 reached 80 million metric tons, an 11 percent increase over the previous year. U.S. LPG exports alone reached a record of nearly 21 million metric tons
German Shipbuilding: Growing order income with new advanced product solutions The German shipbuilding industry has a world market share of around one percent. This is certainly in another league compared to China, South Korea and Japan, which divide the global shipbuilding pie of containerships
EMS Seven Seas announces new CEO; enters into agreement to acquire Wave Shipping, a Singapore-based maritime and port agency services company. EMS Seven Seas, an international ship chandler and leader in the provision of goods to the marine, offshore and defense sectors
Shipping consultancy Drewry and shipment management software solutions provider CargoSmart have expanded their cooperation agreement to cover a broader exchange of market intelligence data on the container shipping market. The two companies first announced their cooperation agreement in April
Shipping services that support Russia's attempts to extract oil from remote parts of the Arctic will run into difficulties as banks scale back energy financing due to Western sanctions, increasing transport costs for the frontier sector. Sanctions imposed on Russia by the United States and
Charterers’ future procurement decisions will be driven by an increasing drive to improve sustainability within shipping supply chains. The Sustainable Shipping Initiative (SSI), a pioneering coalition of companies from across the global shipping industry focused on uniting commercial
The new President of the International Shipsuppliers & Services Association (ISSA), Abdul Hameed Hajah, has outlined his priorities for the year ahead with innovation and cross industry cooperation sitting at the top of his agenda. Hajah
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, continued to rise on Monday, supported by positive capesize and smaller vessel rates. The index, which factors in the average daily earnings of capesize, panamax
One of the world’s leading seafaring nations, Denmark has maritime roots stretching back more than 1,000 years. While its history is strong, the Danish market has its collective eyes squarely on the future. In its quest for continued relevance
The Wall Street Journal ran a story yesterday describing how the increasing number of seaborne migrants making the journey from Africa to Europe has not only proved to be too much for European coast guards and navies, it now poses a major problem for Mediterranean shipping.
Since ancient times, maritime trade has been a backbone of Greece’s economy with shipping playing the dominant role. Today, it is the second largest contributor to the national economy after tourism. It is the country’s geography with a coastline almost that of the U.S
Thome Group is giving its full support to Singapore Maritime Week with several senior executives speaking at key events during the packed programme. Michael Elwert, Director of Group Strategy, HR & Support, will chair a session at the Sea Asia conference on Thurs April 23 to