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Strategic Alliance

Volvo Penta Signs Agreement with Garmin

AB Volvo Penta and Garmin Ltd have entered into a joint development and marketing strategic alliance to provide instrumentation, navigation and communication equipment for marine use. Volvo Penta and Garmin will jointly develop marine instrumentation, navigation, and communication equipment, which will be marketed in a complete customer offer for fully integrated drive systems and instruments. "The Volvo Penta and Garmin strategic alliance  will provide our mutual  customers access to state-of-the-art communication technology and a complete programme of multifunctional instruments which will significantly strengthen our world-leading position when it comes to complete, integrated drive systems for boats," said Göran Gummeson, President of Volvo Penta.   As electronic systems continue to gain ground in the marine sector, the propulsion system in boats is being increasingly integrated in the driver's environment. Volvo Penta is linking engines and transmissions with instruments, controls and accessories in the electronic platform known as EVC, Electronic Vessel Control. Using this electronic platform, Volvo Penta has been able to deliver products including the joystick and the Dynamic Positioning System. Volvo Penta's and Garmin's joint products will be introduced successively, starting in 2012.


McDermott, Bay Begin Alliance at Harbor Island Facility

J. Ray McDermott, Inc., a subsidiary of McDermott International, Inc., and Bay Ltd. have formed a strategic alliance to pursue fabrication projects in the offshore oil and gas industry, using McDermott's Harbor Island facility near Corpus Christi, Texas. Under the alliance, J. Ray McDermott will provide overall project management, engineering and procurement services, as well as the assembly areas, lifting equipment dredged slip and bulkhead at Harbor Island.


Smit In Talks With Rivtow

Smit International is in talks to buy Canada's Rivtow Marine, a harbor towage service and transport firm active in Canada and the U.S. No financial details of the planned takeover were immediately available. Smit International also said it would boost its stake in Belgium's Salvage & Towage Union to 49 percent from 26 percent for an undisclosed sum. In addition the company said it was discussing further developing a strategic alliance with Salvage & Towage Union


AMSC, HHI Expand Wind Power Alliance

American Superconductor Corporation, a global power technologies company, and South Korea-based Hyundai Heavy Industries Co., Ltd. (Korean Stock Exchange: HHI) announced that they have expanded their strategic alliance to include the joint development of a five megawatt (MW) full conversion wind turbine primarily for use in the burgeoning offshore wind industry. Under the terms of the alliance, the five MW wind turbine design will be jointly developed by HHI and AMSC's wholly-owned AMSC


Evans Cooling Systems, Strategic alliance with Hydra Tech

Evans Cooling Systems, Inc. announced a strategic alliance with Hydra Technologies Limited (Hydratech), to manufacture and market Evans unique range of waterless engine coolants in the UK and Ireland. Evans developed and patented waterless engine coolants to solve overheating problems in high performance applications and heavy duty diesel trucks, and recently expanded into the stationary engine industry. Evans coolants improve fuel economy, reduce maintenance costs


Florida Inland Port Forges Alliance with JaxPort

This and recent agreements with Port of Miami and Port of Palm Beach solidify Florida Inland Port’s position as the premier inland port / integrated logistics center serving the southeastern U.S.     Florida Inland Port today announced the signing of a Memorandum of Understanding (MOU) that creates a strategic alliance with the Jacksonville Port Authority (JAXPORT).  The alliance between one of Florida’s largest seaports and the state’s first rail-oriented


Robotics Ocean Monitoring Alliance Formed in Africa

Slocum glider off Cape Town (Photo: BOM)

Blue Ocean Monitoring enters into strategic alliance with Sea Technology Services   Blue Ocean Monitoring (BOM) announced that it has entered a strategic business alliance agreement with Sea Technology Services (Pty) Ltd (STS). Under the alliance, BOM will initially base one of its Slocum Gliders in Cape Town to be deployed on regional ocean monitoring programs, with STS providing associated marketing and engineering support services.  Additional gliders are available


Satlink Signs on with Fleet Xpress, FleetBroadband

Satlink Satellite Communications Ltd, a satellite communication and technical services provider, announced that it has become an Inmarsat Partner for Fleet Xpress and FleetBroadband. As part of the partnership Satlink’s solutions will be integrated with Inmarsat’s Fleet Xpress service to deliver value added services including its in-house developed Satbox, and Tracklite service that enhances connectivity to their existing global customer network involving merchant shipping, offshore


Brunswick Marine Innovation Center Opens In Singapore

Brunswick New Technologies (BNT) is preparing to test and pilot a new generation of electronics solutions for the marine and recreational industries at its Marine Innovation Center opening today in Raffles Marina, Singapore. "We believe this latest venture in Singapore will further solidify and extend our leadership efforts in marine innovation by enabling Brunswick New Technologies the opportunity to test its applications in real-world situations," said George W


YSS, Gagasan to Buy Tankers

YAYASAN Sabah Shipping (YSS) and Gagasan Carriers Sdn Bhd (GCSB) have formed a joint-venture company, under which it will acquire two new chemical tankers costing $39 million. The formation of the joint-venture company, GS Tankers Sdn Bhd, is the culmination of a four-year strategic alliance between YSS and GCSB in managing and operating YSS' first chemical tanker, Danum. A joint-venture agreement between YSS and GCSB was formalized in Kota Kinabalu, Sabah.


Wärtsilä, Zamakona Yards Join forces in Canary Island

Wärtsilä will offer maintenance and repair services at a new maintenance hub for marine and power plant operators in cooperation with Zamakona Yards in Las Palmas, Canary Islands. Photo Wartsila

Wärtsilä is enhancing its service offering by participating in a new maintenance hub in the Canary Islands. The facility, operated by one of Spain's biggest shipbuilding and ship repair groups, Zamakona Yards, will provide Wärtsilä's high quality service expertise to satisfy


Wärtsilä to Power Two Indian Dredgers

The new 8000m3 trailing suction hopper dredgers being built for the Adani group  Photo Wärtsilä

Wärtsilä has won an order for two new 8000m3 trailing suction hopper dredgers being built for the Adani group, India's largest private multi-port operator. The vessels are the first of a new IHC Beagle series designed by Royal IHC (IHC) of the Netherlands. IHC will also build the dredgers


Inmarsat to Deliver Fleet Xpress with SpeedCast

Logo

SpeedCast International, a provider of high-speed broadband connectivity to the global maritime industry, has entered into a strategic partnership with Inmarsat, positioning Inmarsat’s new Fleet Xpress service, powered by the Global Xpress (GX) network


Marlink Integrates Inmarsat’s Fleet Xpress

Maritime communication and maritime VSAT operator Marlink has signed a strategic alliance with Inmarsat, which will see Inmarsat’s new Fleet Xpress service integrated into Marlink’s existing service portfolio. Through the agreement, Marlink will bring more than 2


UASC Shareholders Back Hapag-Lloyd Merger Talks

Photo: United Arab Shipping Co

 The Middle East container shipping group United Arab Shipping Co. (UASC ) met with shareholders at the company's corporate office in Dubai to discuss a possible combination with German rival  Hapag-Lloyd, but no decision was finalized.  


Bibby Steers to Offshore Cable Installation

Mike Wilson, Managing Director of Ecosse Subsea Systems Limited & Fraser Moonie, Chief Operating Officer of Bibby Offshore (Photo: Bibby Offshore)

Bibby Offshore announced its decision to move into the offshore wind array cable installation market. The company has purchased a power cable lay carousel from Ecosse Subsea Systems (ESS), which will enable Bibby Offshore to lay power cables for offshore wind projects from its vessels


Bureau Veritas Acquires TMC Marine

Bureau Veritas has acquired international consultancy TMC Marine Ltd.    TMC has provided pre- and post-casualty advice and support to the marine industry since 1979. The business focuses on marine claims and accident investigations


SENER, ESI Group to Integrate Solutions

IC.IDO VR solution (Photo: ESI)

The global company ESI Group, a virtual prototyping and testing software developer, has joined efforts with SENER, a company in marine engineering and the development of CAD/CAM system for the shipbuilding industry, with the aim of marketing and integrating their respective solutions, IC


Liner Shipping: Is There a Way for More Competition?

Photo: Maersk Line

 With around 80 per cent of global trade by volume and over 70 per cent of global trade by value carried by sea, and with these shares being even higher in the case of most developing countries, maritime transport, including liner shipping


Antwerp Port Gears Up for Indian Trade Mission

Photo Port of Antwerp

True to its annual tradition the port of Antwerp is organizing a trade mission to India in February this year. Port Authority chairman Marc Van Peel will be accompanied on his visit to Delhi and Mumbai by Pieter De Crem, the Belgian secretary of state for Foreign Trade


‘Choice Alliance’ Formed to Serve BWT Market

A strategic alliance between Choice Ballast Solutions and Drew Marine has been formed to provide vertically integrated capabilities within the ballast water treatment (BWT) market. The two firms have joined to form “Choice Alliance” which will provide ship owners with -BWT


Shipping Line Consolidation: What Did the Airlines Do?

Image: Freshfields Bruckhaus Deringer

 The container shipping industry is faced with the challenge of ever-decreasing freight rates that can only be served viably with larger, more efficient vessels. However, market growth does not allow each individual line to increase the size of its ships to the larger


McQuilling Joins Forces with Jones Trading

Marine services company McQuilling announced today a strategic alliance between McQ Holdings and U.S. block equity trading firm JonesTrading Capital Markets Group to provide a capital markets platform to the transportation industry.    


US Sanctions Put Gazprom-Shell Alliance Plans in Jeopardy

Royal Dutch Shell's plans to build a strategic alliance with Russia's Gazprom could be in jeopardy after the United States added one of Gazprom's biggest gas fields to its list of Russian sanctions on Friday.   Shell and Gazprom signed an agreement in June to develop a strategic alliance in


Drydocks World Completes World’s Largest Turret

Drydocks World marks key milestone in completing the worlds largest turret

  Drydocks World the leading provider of maritime and offshore services to the shipping, oil, gas and energy sectors marked a major milestone in successfully completing the world’s largest turret mooring system with His Highness Sheikh Ahmed bin Saeed Al Maktoum, President






 
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