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.
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 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
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
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
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.
Nakilat Keppel Offshore & Marine (N-KOM) and Wärtsilä have signed a Memorandum of Understanding (MoU) agreeing to work together to increase business opportunities in repair and maintenance services for marine and offshore vessels, as well as onshore structures at the shipyard. N-KOM’s CEO Chandru Rajwani said, “N-KOM is always on the lookout for longterm strategic alliances to further our business interests
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
The larger of CMRE’s ships is now operated by an Italian military crew under an Italian Navy Flag. On 9 April 2016, at the Italian Naval Base in La Spezia (Italy), the Raising of the Italian Flag Ceremony was held in the presence of Italian and NATO civilian and military authorities
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
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
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
Harris Pye Engineering has announced the recent alliance with Grand Bahama Shipyard Ltd. The two companies met in Miami at the Cruise Shipping Exhibition and discussed a working relationship earlier this year, which was continued through further discussions during OTC in Houston.
The Port of Los Angeles, Ports of Auckland in New Zealand and Guangzhou in China have signed a memorandum of understanding (MOU) a ground-breaking Tripartite Economic Alliance for promoting closer ties. “The port of Los Angeles looks forward to collaborating with the ports of
At a formal event presided by ShriNitinGadkari, Union Minister of Road Transport,Highways and Shipping in the presence of ShriAnil Desai, Member of RajyaSabhainMumbai, India’s No.1 Container Terminal Jawaharlal Nehru Port Trust
Swiss battery manufacturer Leclanché was selected as a battery system supplier to the world’s largest battery operated ferryboat to be built by Danish shipbuilder Søby Shipyard Ltd. The ferry will enter service in June 2017 to transportation of vehicles and passengers between
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
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
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.
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
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
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
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