WTS Acquires Tankship & Rig Inert Gas Provider

Press Release
Thursday, April 11, 2013
Petter Traaholt, President WTS: Photo credit WTS

Wilhelmsen Technical Solutions AS (WTS) acquires Maritime Protection AS,  strengthening its safety portfolio for the marine & offshore segments.

WTS has signed an agreement to acquire 100% of the shares in Maritime Protection AS (MP). Subject to certain conditions, the transaction will be closed 25 April 2013.

"I am very excited that we show our commitment to the maritime industry and its customers, with our second acquisition in six months,” says Petter Traaholt, President Wilhelmsen Technical Solutions (WTS). “Maritime Protection has the hallmarks of a world class asset within its genre with a strong reputation and solid foundation. By investing and expanding our offer we not only strengthen our safety portfolio, but we can now deliver a complete range of inert gas solutions for offshore and marine applications."

Purchased from Boss Montasje AS and a group of local investors, the company is DNV and Achilles certified and has over 40 years’ experience in supplying inert gas systems to the maritime industry, including application in oil tankers, LNG/LPG carriers, product tankers and rigs.

 “Maritime Protection’s strong engineering capabilities and development knowledge, teamed up with our expertise and global network will give a valuable lift to our marine and offshore capabilities. This in turn secures regulatory compliance for our customers” says Traaholt.

“We welcome WTS as our new owners,” says Steinar Andersen, Managing director of Maritime Protection. “With this move, we will expand our footprint in the marine and offshore segments significantly. WTS’ financial platform enables us to reach higher and wider, to target the larger owners in the market. Teaming up further strengthens our high quality brand and I am eager to see how far we can go together.”
 

 



Maritime Reporter July 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

GE Gas Turbines to Power US Navy’s New Destroyers

The U.S. Navy’s new DDG 121 and DDG 122 Arleigh Burke-class destroyers will be powered by eight LM2500 marine gas turbines supplied by GE Marine, who also received

Tanker Retrofitted with Dual Fuel Engine

Caterpillar Marine informs it has begin a dual fuel engine retrofit conversion onboard the 472-foot Fure West tanker, owned by Furetank Rederi A/B. The MaK M 43

Diana Charters Containership to Maersk

Container shipping company Diana Containerships Inc. announced that, through a separate wholly-owned subsidiary, it entered into a time charter contract with Maersk

Maritime Safety

TSB Investigating Ferry, Pleasure Craft Collision

The Transportation Safety Board of Canada (TSB) is deploying a team of investigators to Laval, Quebec, following a collision between the ferry Paule II and a pleasure craft which occurred on August 1.

First Vessel of New Rescue Class Launched

Global shipping and energy services firm, Craig Group, has launched its first F-Class vessel, the Grampian Fortress. The IMT 958 multi-role emergency response and

MacArthur Lock Dewatered for Emergency Repairs

The U.S. Army Corps of Engineers, Detroit District, announced the MacArthur Lock, located on the Soo Locks at Sault Ste. Marie, Mich., is experiencing mechanical

Mergers & Acquisitions

GasLog Orders Two LNG Carriers

GasLog Ltd. today announced that it has ordered two new 174,000 cubic meter LNG carriers from Hyundai Heavy Industries Co., Ltd. ("Hyundai") in South Korea.

Contship Italia Signs Iran MoU

Contship Italia Spa, also on behalf of Eurogate GmbH & Co. KGaA, KG, recently signed a strategic Memorandum of Understanding (M.O.U.) with Sina Port & Marine Company (SPMCO),

MHI: Notice of Absorption-Type Split Agreements

MHI gives Notice Regarding Conclusion of Absorption-type Split Agreements Relating to Transfer of Ship Construction and Hull Block Manufacture Businesses to Two

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Offshore Oil Pipelines Pod Propulsion Ship Electronics Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1575 sec (6 req/sec)