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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.


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


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.


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


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.


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


Drydocks World Announces a Joint Venture Partnership

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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 Commits to Joint Venture

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


FURUNO and Electronic Navigation Join Forces

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Electronic Navigation Ltd (ENL), New Zealand’s largest marine electronics company and the developer of the WASSP sonar, and FURUNO Electric Co., Ltd of Japan, a manufacturer in the global marine electronics industry, are joining forces


PPG to acquire Consorcio Comex

  PPG Industries, a world leader in protective and marine coatings, announced that it has reached a definitive agreement to acquire Consorcio Comex, S.A. de C.V. (Comex), an architectural and industrial coatings company with headquarters in Mexico City, Mexico. The transaction is valued at $2


COSCO Orders Deltamarin B.Deltas

Rendering of a B.Delta37 (© Deltamarin Ltd)

Marking another order for Deltamarin’s B.Delta37, the first Chinese shipowner COSCO has ordered four 40,000 DWT Handymax bulk carriers at Tianjin Xingang shipyard in China. In addition to the latest COSCO order, 16 B.Delta37 vessels had previously been ordered at the Tianjin Xingang


Mega-Containerships Trigger Terminal Shake-ups

Illustration of TEU Volumes per Port Call: Source: Drewry Maritime Research

Bigger container ships are resulting in much greater peaks in container terminal activity, which together with the ever larger combined volumes of bigger alliances, demands fewer, larger terminals in each port. Terminal operators are reacting by consolidating terminal layouts and ownership –


Ship Managers, PVEC, Look to Eco-Cruise Market

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Global shipping management company, PV Enterprises International, Inc. (PVEC), has provided an update to its shareholders & the investment community on the next phase of its business plan and enhanced corporate strategy, as follows: "We realized people are the most profitable cargo


Teramoto Iron Works, Eco Marine Power Form Strategic Alliance

Yoshitaka Teramoto, President of Teramoto Iron Works.

Pathway for commercial production of EnergySail and Aquarius MRE System established. Eco Marine Power (EMP) announced that it has taken another major step forward towards bringing its EnergySail and Aquarius MRE System technologies to the market by forming a strategic alliance with Teramoto


Astinave Contracts Damen for 4th Patrol Vessel

Photo: Damen

Astilleros Navales Ecuatorianos EP has awarded Damen Shipyards Group the contract for a fourth Patrol Vessel of the Damen Stan Patrol 2606 type. This contract represents the last of this SPa 2606 series for the Ecuadorian Coastguard to be built locally.


Wärtsilä enters Paraguayan Inland Market

Signing ceremony between Wärtsilä and Shipyard SA. Sitting from right to left: Guillermo Ehreke, GM and owner of Naviera Yeruti and Shipyard SA; Piotr Kabacinski, GM Sales, Americas, Wärtsilä Ship Power. Standing from right to left: Eduardo Masciottra, Warag SRL, Wärtsilä agent, Buenos Aires; Jorge de la Guardia, GM and owner of Naviera Yeruti and Shipyard SA; Joe Amyot, Area Sales Director, Wärtsilä Ship Power.

A new pushboat used to push barges convoys along the Paraguay River will be powered by a Wärtsilä integrated propulsion solution.   The vessel is being built at the "Astillero la Barca del Pescador" (Shipyard SA) yard in Paraguay on behalf of Naviera Yeruti


APR Energy Turbines to Power South Pacific Mining

The second large-scale power generation project announced by APR Energy in Asia Pacific region in the last month APR Energy, a company in fast-track power solutions, announced today the signing of a mobile gas turbine contract to provide fast-track power to an industrial customer in the South


Bureau Veritas, LM Wind Partner for Turbine Certification

Photo courtesy Bureau Veritas

Bureau Veritas (BV) said it has signed a framework agreement with LM Wind Power, a supplier of components and services to the wind industry, to cover the certification of wind turbine blades to international standards. The contract follows a collaboration between both companies


DSTO, Lockheed Martin Form Research Collaboration

Raydon Gates, CEO of Lockheed Martin Australia, and Chief Defence Scientist Dr. Alex Zelinsky

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 P&I, Sunderland Merge to Form North Group

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


Ramp-Up of NTV Oil Spill Resoures in Alaskan Waters

Image courtesy of Oil Spill Solutions

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


North P&I and Sunderland Marine to Merge

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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


More Orders for B.Delta Bulk Carriers

B. Delta Carrier

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






 
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