Wrist Ship Supply, part of the Wrist Group, announced the acquisition of World Ship Supply, West Coast Ship Supply, East Coast Ship Supply and Karlo Corporation – collectively known as One Source North America - the largest ship supply organization in North America. The move represents the largest deal in the Wrist Group’s corporate history, and provides the organization with a major footprint into the U.S. and Canadian markets. The acquisition marks Wrist Ship Supply’s fifth deal in the past 12 months, and continues Wrist Group’s strategy of controlled global expansion. The Group now has a significant presence in all key global regions in Europe, The Far East, Middle East and the Americas. OneSource has a turnover of $120m and employs 259 people. As part of the acquisition, the previous owners of OneSource will remain on the management team and as shareholders in Wrist. Jubi Hillery, President, World Ship Supply will oversee the combined entity in North America, which will be headquartered in Houston, and David Cocklin, President & CEO of Karlo Corporation, and Charlie Michelson, President of West Coast Ship Supply, will also remain in senior management positions in the new entity.
Wrist Ship Supply has announced growth of more than 30% in its North American-based operation, in what it describes as a milestone for ship supply in the United States. The growth follows Wrist’s acquisition of World Ship Supply, West Coast Ship Supply, East Coast Ship Supply and Karlo Corporation – collectively known as One Source North America – in 2010. The successful integration of the largest ship supply organization in North America has given Wrist a significant
World's largest ship supplier continues to expand customer management network. Wrist Ship Supply has appointed another dedicated global key account manager, based in Norway, as it continues to develop its operational network for customers. The complex procurement processes involved in providing food and other consumables to service hundreds of vessels at sea and managing the growing red tape and regulation around port and customs delivery access
Maersk gains from US military's US$ 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
Unitor, Norway's international ship supply specialist, has garnered its largest ever single order for ships equipment with a $6.8 million contract from Poland's Stocznia Szczecinska SA (Szczecin Shipyard) for nitrogen generator systems for eight 40,000-dwt chemical tankers under construction at the yard. The order encompasses the delivery of Unitor's 35-ton, hollow-fibre, air separation nitrogen generator system, to each tanker comprising four 360 kW compressors and nitrogen generators
CEVA Logistics, a leading global supply chain management company, was awarded the Best Green Logistics Operator award at the 28th Asian Freight and Supply Chain Awards (AFSCA) held in Shanghai recently. The annual awards organized by Cargonews Asia are designed to honor leading organizations for demonstrating leadership as well as consistency in service quality, innovation, customer relationship management and reliability.
Dynamic Oil Trading launched to meet the fast paced demands of the shipping industry – without limitations. Wrist Group, one of the world’s leading ship services companies, has announced the launch of Dynamic Oil Trading, a new global trading company for marine fuels and lubricants. Headquartered in Singapore, Dynamic Oil Trading will work with all aspects of the shipping industry, building close relationships with ship owners, operators, brokers, traders and suppliers
GAC EnvironHull, part of global shipping, logistics and marine services provider GAC Group, has expanded its eco-friendly, brush-and-diver-free hull cleaning operation to Fujairah, just six months after its global launch. Launched in Dubai in November 2013, the HullWiper Remotely Operated Vehicle (ROV) is an unmanned hull cleaning unit which uses adjustable pressure sea water jets as the cleaning medium rather than brushes or abrasives, resulting in minimal damage to the antifouling surface
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.
Rolls-Royce delivered the Axial Mk1 waterjet for the latest Freedom-variant of the Littoral Combat Ship (LCS) class, currently under construction for the U.S. Navy. This delivery marks the successful completion of the Office of Naval Research’s (ONR) Future Naval Capabilities (FNC) program for “Compact, High Power Density Waterjets”. This new waterjet will now be standard equipment for all future Freedom variants of the Littoral Combat Ships supplied to the U.S
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 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
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
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
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
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
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
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
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
GAC Bunker Fuels and its local partner in Sri Lanka, Interocean Energy (IOE), have moved the bunker barge MT 'Kandy' to Galle to meet growing demand for bunker supplies at the port on the southern tip of the island nation. Thanks to its proximity to international east-west shipping lanes
GAC EnvironHull's hull cleaning solution now available at second UAE port. GAC EnvironHull has expanded itsbrush-and-diver-free hull cleaning operation to Fujairah, six months after its global launch. Launched in Dubai in November 2013
Transas Marine has announced the appointment of Jens Pfeiffer as a Business Division Director, Navigation, Transas Marine. Jens Pfeiffer first joined Transas as a Sales Manager, Navigation in the company’s German office in 2005 where he worked for two years
The U.S. Navy's aircraft carrier USS George Washington (CVN 73) completes its largest replenishment-at-sea (RAS) ever with Military Sealift Command dry cargo and ammunition ship USNS Charles Drew (T-AKE 10). While RAS's are nothing new to the Sailors aboard George Washington
Ship suppliers are managing to weather the economic storm by putting solid and vetted business partnerships ahead of any major move towards online procurement, according to the industry’s leading trade body. The International Shipsuppliers & Services Association (ISSA) said that while
SATS announced it has through its subsidiaries, SATS Airport Services and SATS-Creuers Cruise Services (SATS-Creuers), entered into a share purchase agreement to acquire the entire issued share capital of Singapore Cruise Center for S$110 million from Temasek.