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Strategic Partnership News

28 Feb 2024

Esvagt Enters South Korea’s Offshore Wind Market

(Credit: Esvagt)

Danish vessel owner Esvagt and South Korea-based shipping company KMC Line have formed strategic partnership to cooperate on offshore wind opportunities in the East Asian country.A new collaboration between Esvagt and KMC Line, formalized through the signing of the letter of intent, is aiming to unlock the considerable potential in South Korean offshore wind industry.Combining the two shipping companies' respective strengths is the new partnership's strongest card to secure a significant market position in the developing offshore value chain in the country…

23 Feb 2024

QatarEnergy Pays Homage to Rex Tillerson by Giving His Name to New LNG Carrier

Rex Tillerson (Credit: QatarEnergy)

QatarEnergy has named the first LNG carrier to be delivered as part of its new LNG fleet expansion program as Rex Tillerson, in recognition of the former Chairman and CEO of ExxonMobil, who also served as the 69th United States Secretary of State.During his 10-year term as Chairman and CEO of ExxonMobil, Tillerson oversaw the consolidation of relations with the State of Qatar and its energy sector, resulting in strategic partnerships and significant investments in Qatar’s LNG industry.While making his mark on the global energy scene…

13 Feb 2024

Ambrey, Inchcape Shipping Services Join Forces

Ambrey and Inchcape Shipping Services (ISS) announced a strategic partnership aimed at transforming safety and security in the maritime sector.Through this partnership, Ambrey and Inchcape will jointly offer a comprehensive range of services via Inchcape's Survey & Inspection Department, led by Vice President Chris Greenwood, including Citadel Inspections, Ship Security Assessments, Anti-Piracy Ship Security Assessments, Ship Security Plan Reviews, and Port Security Assessments on various projects worldwide.In turn…

26 Jan 2024

China Presses Iran to Rein in Houthi Attacks in Red Sea

© icholakov / Adobe Stock

Chinese officials have asked their Iranian counterparts to help rein in attacks on ships in the Red Sea by the Iran-backed Houthis, or risk harming business relations with Beijing, four Iranian sources and a diplomat familiar with the matter said.The discussions about the attacks and trade between China and Iran took place at several recent meetings in Beijing and Tehran, the Iranian sources said, declining to provide details about when they took place or who attended."Basically, China says: 'If our interests are harmed in any way, it will impact our business with Tehran.

20 Dec 2023

Asia Break Bulk and CSL Shipping Partner on Vessel Operation

Source: COLI Group

COLI Group’s subsidiary Asia Break Bulk (Singapore) has entered a strategic partnership with CSL Shipping (China) to market CSL’s multi-purpose carrier Jian Yang Hua Qing.The vessel has 2 x 250mt cranes for loading breakbulk, heavy lift and project cargo and is already active for both companies.Felix Peinemann, Managing Director of the COLI Group, said the partnership will expand our footprint in the multi-purpose (MPP) market. “COLI is steadily expanding its activities to offer clients more sailing possibilities and increase its footprint in the Chinese market.

20 Dec 2023

CSL and Adbri to Build Fully Electric Battery Capable Self-unloading Ship

(Image: CSL)

Canadian shipping company CSL announced it is partnering with Adelaide Brighton Cement Ltd. (Adbri) to build and operate the world’s first fully electric battery capable self-unloading vessel.Under a 20-year strategic partnership agreement, the custom-designed ship will replace Adbri’s Accolade II and will support the company’s limestone operations in South Australia with a focus on enhanced efficiency and environmental responsibility. The ship will carry up to 2.7 million tonnes of limestone per year…

28 Nov 2023

Wärtsilä Signs Electrification Deal for Zero-Emission Ferries

Source: Wärtsilä

Wärtsilä has signed a strategic partnership agreement to provide its fleet electrification and systems integrator services for a project to build the first zero-emission high speed ferries in the US. The fully electric vessels will be built for San Francisco’s Water Emergency Transportation Authority (WETA), the operator of the San Francisco Bay Ferry system.The project, and several others Wärtsilä will work on under the partnership, are part of the agency’s Rapid Electric Emission-Free (REEF) Ferry Program…

27 Nov 2023

Study Calls for 'Liberation of Data' in Shipping Shift for Decarbonization

Interconnection of disparate shipboard systems is seen as necessary to drive digitalization for enhanced operational efficiency. Image: BV

Siloed data systems represent a “recipe for duplicative and multiplicative cost inside a company and across companies”, an OrbitMI-hosted panel at the recent Shipping Insight event in the US was told, as a Bureau Veritas-backed study highlighted this as a big barrier to data collaboration for digitalization of shipping to cut emissions.Vast amounts of data are generated from ship operations - such as from sensors onboard or vessel performance management systems - as well as from…

08 Nov 2023

Weathernews and Dataloy Systems Launch Solution to Refine Vessel Voyage Management

Voyage Management System integration: Accessing alternative route suggestions with unique weather data (Screenshot: Dataloy Systems)

Weathernews Inc. and Dataloy Systems AS said Wednesday they had introduced an integrated solution to refine vessel voyage management based on unique weather data. The integration combines Weathernews' historical seasonal routes and sea margins with Dataloy Systems’ Voyage Management System (VMS), which, the companies say, provides "streamlined access to critical data, error reduction, increased efficiency, and a focus on enhancing voyage quality and profitability. "In the context of the companies’ strategic partnership…

27 Oct 2023

Samsung Heavy Industries and DNV in Autonomous Shipping Collaboration

Image caption: Signing ceremony (from left): Ducksoo Kim (SHI), Jaewoo Kim (SHI), Kyungwon Bae (SHI), Hyun Joe Kim (Director Autonomous Research Centre, SHI), Hwa Lyong Lee (Business Development Manager, DNV), Hanwee Low (DNV), Dong Ho Park ( DNV), Seunghyeon Yoo (DNV)

South Korea's Samsung Heavy Industries (SHI) and leading classification society DNV have signed a Memorandum of Understanding (MOU) at Kormarine, committing to establishing SHI's state-of-the-art Remote Operation Centre (ROC) for real-time monitoring and control of Maritime Autonomous Surface Ships (MASS). The MOU will underpin DNV and Samsung Heavy Industries’ collaboration to drive innovation and redefine the future of marine transportation, DNV said.The joint venture seeks to develop a Remote Operation Center (ROC) for MASS…

23 Oct 2023

Offshore Wind: Newly Formed Consortium Orders Two CSOVs from VARD

Credit: VARD

The Windward Offshore consortium said Monday it had ordered two state-of-the-art Commissioning Service Operation Vessels (CSOV) from VARD to "establish a sturdy basis for its maritime asset services focusing on bolstering the burgeoning offshore wind industry."Winward Offshore is a consortium currently under establishment and is led by SeaRenergy Group in collaboration with Blue Star Group, Diana Shipping Inc., and SeraVerse GmbH."Windward Offshore will play a key role in the energy transition by providing integrated offshore wind service solutions.

12 Oct 2023

Kongsberg Maritime, BMA Technology to Provide Low-voltage Electrical Products to Turkish Shipyards

Credit: Kongsberg Maritime

Norway's Kongsberg Maritime and Turkey's BMA Technology have partnered up to support the supply of low-voltage electrical products and engineering services to Turkish shipyards.BMA Technology, based in the Gebze Organized Industrial Zone, east of Istanbul, is a technology company providing electrical system solutions for the marine industry.As part of the alliance agreement, BMA Technology will manufacture, assemble, and test Kongsberg Maritime low-voltage electrical products in its facility in Türkiye.

05 Oct 2023

Japanese Shipping Giant Buys Into Norwegian Floating Wind Firm

Credit: Odfjell OceanWind

Japanese shipping giant Mitsui O.S.K. Lines, Ltd. (MOL) has, following a recent private placement, become a shareholder in Odfjell Oceanwind, a Norwegian floating wind technology developer."The transaction generates significant capital which will be used to further strengthening Odfjell Oceanwind’s position as a global leader and frontrunner in floating offshore wind technologies. Odfjell Technology Ltd. combined with the Odfjell family’s direct investment will remain the largest shareholder in the company…

04 Oct 2023

Austal USA Receives Submarine Module Construction Order

Source: Austal USA

Austal USA has received its first order for components supporting construction of a US Navy Columbia-class submarine.The order, from General Dynamics Electric Boat (Electric Boat), is for fabrication of the Command and Control Systems Module (CCSM) for the third ship in the Columbia-class program (SSBN 828).This order represents a significant expansion in the capabilities Austal USA has been providing to the submarine industrial base since February 2023.The purchase order, with a value of up $12.8 million…

04 Oct 2023

PortXL and GTT Partner on Innovation

Christel Pullens, Managing Director at PortXL.

Maritime accelerator PortXL and containment system specialist GTT have formed a strategic partnership to drive transformative advancements in the maritime industry.The Rotterdam-based maritime start-up accelerator and GTT believe this collaboration sets the stage for an entrepreneurial journey towards transforming the maritime industry through innovation.PortXL has established itself as a maritime industry innovator, who bridges the gap between start-ups and scale-ups and established industry players.

11 Sep 2023

Austal USA Tapped to Build More Submarine Modules

(File photo: Austal USA)

Mobile, Ala. based Austal USA received an order for the manufacture and outfitting of three electronic deck modules for the U.S. Navy's Virginia-class submarine program. The order, valued at $10.6 million, was issued by prime contractor General Dynamics Electric Boat. Construction will begin in fall 2023 and the modules are scheduled to be delivered to Electric Boat by the middle of 2025.The construction of these modules is the result of the strategic partnership formed in 2022 between Austal USA and Electric Boat, supported by the U.S.

08 Sep 2023

Philippines Condemns Chinese Harassment of Supply Boats to Disputed Atoll

(Photo: Philippine Coast Guard)

The Philippines condemned China's coast guard and "maritime militia" on Friday for what it described as "illegal, aggressive and destabilising" behaviour towards its boats during a routine rotation and resupply mission in the South China Sea.Vice Admiral Alberto Carlos said that despite the Chinese actions supplies were delivered on Friday to Philippine troops stationed on a warship that had been deliberately grounded on an uninhabited atoll more than two decades ago to support a sovereignty claim in the disputed Spratly Islands.The Philippines task force for the South China Sea…

05 Sep 2023

ABS, GTT and DHT Developing LNG-fueled VLCC Design

From left: Philippe Berterottiere, Chairman and CEO, GTT; John McDonald, ABS President and COO; and Svenn Magne Edvardsen, Managing Director, DHT; to sign a JDP at Gastech 2023. (Photo: ABS)

ABS, Gaztransport & Technigaz (GTT) and DHT Holdings, Inc. signed a joint development project (JDP) to optimize a new, very large crude carrier (VLCC) with liquified natural gas (LNG) propulsion that meets Class and statutory requirements.The dual fuel vessel is intended to provide flexibility for operations and to reduce greenhouse gas (GHG) emissions.The agreement—signed at the Gastech 2023 conference in Singapore—will see ABS, GTT and DHT focus on optimizing the VLCC design…

04 Sep 2023

Aker BP, Höegh LNG in Carbon Transport and Storage Services Pact

Credit: Hoegh LNG

Floating LNG solutions provider Höegh LNG and the Norwegian oil and gas firm Aker BP have entered a strategic partnership to develop a "fully comprehensive carbon transport and storage offering for industrial CO2 emitters in Northern Europe.""The agreement combines the companies’ respective strengths, expertise, and technologies to establish a strong value chain for CCS on the Norwegian Continental Shelf that includes gathering, transporting and securely injecting CO2 for permanent storage in subsea reservoirs…

30 Aug 2023

Maersk Training and SynergyXR Enter Strategic Partnership

Source: Maersk Training

Maersk Training has announced a strategic alliance with SynergyXR to strengthen its ability to create extended reality training solutions. Extended reality (XR) is an umbrella term that covers all immersive technologies, including augmented reality (AR), virtual reality (VR) and mixed reality (MR).With the addition of SynergyXR’s advanced capabilities, Maersk Training promises a more interactive, deeper learning experience. Learners can enjoy delving deep into realistic scenarios…

29 Aug 2023

Cadeler Reports Strong Results, Outlook

Cadeler installing Siemens Gamesa 11MW turbines in Holland in 2023. Image courtesy Cadeler

Cadeler A/S published its interim financial report for the first half of 2023 presenting a positive result exceeding the guidance projected for the fiscal year 2023. Revenue in the first six months of 2023 was EUR 68 million, which is an increase of 57% against the same period last year. Adjusted EBITDA for the first half of 2023 was EUR 44 million, which is a EUR 21 million increase compared to the same period last year. EBITDA for H1 2023 was EUR 42 million. Profit for the period is EUR 29 million, which is EUR 19 million higher than the same period in 2022.

23 Aug 2023

Talos Inks Three-year Deal with Subsea 7 for US Gulf Projects

(Photo: Subsea 7)

Subsea 7 has signed a three-year strategic partnership with Talos Energy to deliver commercial solutions for subsea engineering, construction and installation projects in the U.S.

09 Aug 2023

ZeroNorth Provides Voyage Optimisation Solution to Bulker Owners

Source: ZeroNorth

Cargill has signed a three-year contract that will see ZeroNorth become Cargill’s primary software provider for optimisation of over 600 vessels. Cargill commenced its strategic partnership with ZeroNorth in 2020. The partnership has expanded over time, with Cargill and ZeroNorth working together to develop ZeroNorth’s fuel model and dry bulk solutions.Eman Abdalla, Global Operations Director for Cargill Ocean Transportation, added: “We are delighted to announce that we’ve chosen ZeroNorth as our vessel and voyage optimisation digital platform.

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