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.
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
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.
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, 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
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
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.
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
Drydocks World announced that it has entered into a global strategic alliance with Kuok Group to form a Joint Venture between Drydocks World – SEA and Pacific Carriers Limited. The new venture will subsequently be renamed DDW-PaxOcean Asia Pte Ltd and will continue to have its headquarters in Singapore. Khamis Juma Buamim, Chairman of Drydocks World and Maritime World, will also serve as the Chairman of the Board of DDW-PaxOcean Asia.
Drydocks World has entered into a strategic alliance with Kuok Group to form a Drydocks World – SEA & Pacific Carriers J/V The new venture will subsequently be renamed DDW-PaxOcean Asia Pte Ltd and will continue to have its headquarters in Singapore. Khamis Juma Buamim, Chairman of Drydocks World and Maritime World, will also serve as the Chairman of the Board of DDW-PaxOcean Asia. Mr. Buamim said
The Defense Science and Technology Organization (DSTO) and Lockheed Martin Australia have signed a new strategic alliance to collaborate on a range of technologies for strengthening defense and national security. The agreement was signed for DSTO by the Chief Defence Scientist Dr
North of England P&I Association (North) and Sunderland Marine Mutual Insurance Company Limited (SMMI) merged to form the North Group on Friday 28 February 2014 following approval by the Bank of England’s Prudential Regulatory Authority and other U.K. and overseas regulators
The Marine Spill Response Corporation (MSRC) and Alaska Maritime Prevention and Response Network (Network) have formed a "Strategic Alliance" to support Non-Tank Vessels (NTVs) in meeting new Federal regulations and enhance oil spill response in Western Alaska and Prince William Sound
The members of North of England P&I Association (North) and Sunderland Marine Mutual Insurance Company Limited (SMMI) have voted in favor of the clubs' recent proposals to merge. A target date of February 21, 2014 has been set for the merger
Deltamarin announced that so far a total of 103 B.Deltas and derivates have been ordered by several world-known shipowners at nine Chinese shipyards. The latest addition is the order of eight open hatch B.Delta37 bulk carriers by Polish shipowner, Polska Zegluga Morska P.P
The Los Angeles City Council unanimously approved a 50-year lease to transform a 100-year-old pier on the L.A. Waterfront in San Pedro into a world-class urban marine research and innovation center called AltaSea at the Port of Los Angeles
Marine and fire safety equipment leader VIKING Life-Saving Equipment (VIKING) and MOL Techno-Trade Ltd. (MOLTECH) have entered a strategic alliance and sole agency agreement, establishing MOLTECH as the exclusive agent for VIKING in Japan.
Environmental solutions company PyroGenesis Canada Inc., manufacturer of plasma waste-to-energy systems and plasma torch products, announces that the 'USS Gerald Ford' (CVN-78) is equipped with their patented Plasma Arc Waste Destruction System (PAWDS).
Greek-based Aegean Marine Petroleum Network Inc. has entered into an agreement to acquire the U.S. East Coast bunkering business of Hess Corporation. Hess Corporation is currently the leading marketer of marine fuels along the U.S. East Coast
Long established logistics company, Shapiro, welcomes William J. Borden, a 15-year industry veteran, to its headquarters in Baltimore, MD. In his new role, Borden will support a rising customer base and growth plans in the Mid-Atlantic as a Regional Director of Commercial Development.
Drydocks World, an international service provider to the maritime oil, gas and energy sector, signed a Strategic Alliance Agreement with German company NSC Holding, a ship management company located in Hamburg, Germany, managing 56 vessels.
Monico Monitoring, Inc., a company in the industrial monitoring and control solutions market, formed a strategic alliance with CMR Group, a manufacturer of industrial engine controls, wiring harnesses and electrical management systems. The move will see the companies working closer together on
The Port of Antwerp Port Authority has appointed ship owning company EXMAR as its strategic partner in a plan to provide LNG bunkering in the port. Through their strategic alliance, the Port Authority and EXMAR want to facilitate the use of LNG as ship fuel
U.S. Deputy Secretary of Transportation John Porcari will deliver the keynote presentation at the 2013 WTS Policy Symposium next month. The symposium, which will take place on Sept. 17, 2013, at the Mayflower Hotel in Washington, DC
The North of England P&I Association Limited (North) and Sunderland Marine Mutual Insurance (SMMI) Company Limited are discussing a possible merger. The decision by the boards and senior management teams of the two north-east England based mutuals follows a strategic alliance