Group Asa News

With a fleet of nine U.S.-flag RoRo ships, American Roll-On Roll-Off Carrier Group (ARC), is the U.S.’ premier commercial RoRo carrier of U.S. government and military cargo. As the world becomes an increasingly contentious place, Eric P. Ebeling, President & CEO, ARC, discusses the vast capabilities of the ARC fleet and logistics network, as well as the challenges and opportunities ahead for U.S.-flag ships in the international trade.By the numbers’ is a simplistic means to gauge the size and shape of any shipping company…

Norwegian shipowner Hunter Group has entered into a three-year back-to-back charterparty for an eco-design and scrubber fitted Very Large Crude Carrier (VLCC) with an internationally renowned counterparty.Delivery of the 2016-built vessel is expected to take place during March/April 2024.The company will charter the vessel in at a fixed rate of $51,000 per day, before subsequently chartering the vessel out on a floating index-linked spot rate contract."This agreement is yet another…

Norwegian offshore support vessel firm DOF said Monday it had won three new service contracts with the Brazilian oil firm Petrobras."The contracts were originated by a competitive bid process won by DOF and include work within our core service lines for Survey and Inspection," DOF said.These contracts represent a continuation of the services handled by DOF on the PIDF123 contracts signed with Petrobras in 2020 and under operation since December of that year.According to DOF, at least three vessels will be deployed to perform flexible pipeline, risers, and subsea equipment inspection in Campos Basin, Santos Basin, and Espírito Santos Basin. More than 3,200 inspections are expected to be executed.DOF did not say which vessel exactly would be deployed for these projects.

Norway's HAV Group has completed the acquisition of Undheim Systems AS, a provider of dynamic positioning (DP) systems for vessels. The consideration for the purchase includes a non-material cash amount and 250,000 shares in HAV Group ASA, valued at NOK 14.0 per share."The technology acquisition is a strategic move that accelerates HAV Group's plans to offer digital functionality that meets the global maritime market's needs for autonomous ship operations," HAV Group said."We…

Norway's HAV Group said Wednesday its ship design business had been selected to develop another methanol-fuelled offshore wind service operation vessel (SOV) for ESVAGT. "To secure repeat ship design business from a leading SOV operator is a proud moment for us. ESVAGT sets extremely high standards for project execution, safety, environmental features and cost-efficiency of operations. As such, they are a customer that makes us an even better supplier,” says Gunnar Larsen, CEO…

Norway's HAV Group ASA has agreed to acquire Undheim Systems AS, a provider of dynamic positioning (DP) systems for vessels."The planned technology acquisition is a strategic move that accelerates HAV Group's plans to offer digital functionality that meets the global maritime market's needs for decision support tools and autonomous ship operations," HAV Group said.“HAV Group already provides digital decision support systems to vessels in order to cut operating expenditure and emissions to air.

Turkish Cemre Shipyard has awarded HAV Group ASA’s subsidiary Norwegian Electric Systems AS (NES) a contract to deliver energy design, and smart control systems for two “Windkeeper” service operations vessels (SOV).The Turkish shipyard is building the Windkeeper for the Norwegian firm GC Rieber Shipping. NES’ scope of work is to manage the complete energy design plus act as system integrator for the vessels’ power system and smart control set-up. NES will supply frequency converters and electric motors for the propulsion system…

CREST has chosen HAV Group ASA’s subsidiary HAV Design to develop a newbuild service operation vessel (SOV) destined for a US offshore wind project."The contract marks the U.S. breakthrough for HAV Design, which becomes the first European ship designer to develop an SOV for the U.S. market," HAV Group said.Gisle Vinjevoll Thrane, vice president of sales at Norway-based HAV Design: “We have designed and developed numerous SOVs for use in demanding offshore climates, but this is the first time we are designing a vessel for the US market.

Norwegian offshore vessel owner Volstad Maritime has contracted Norwegian Electric Systems AS (NES) to deliver the battery pack and associated control system for battery charging to the Grand Canyon III offshore construction vessel. “The demand for retrofitting battery power on board offshore vessels continues to grow as many shipowners, such as Volstad Maritime, are dedicated to reducing their carbon footprint. Lower operating expenditure through reduced fuel consumption is an additional…

Tidewater, one of the world's largest owners of offshore support vessels, will upgrade one of its platform supply vessels (PSV) North Pomor with a new battery package.Norway-based Norwegian Electric Systems AS (NES), a subsidiary of HAV Group ASA, announced it will provide the battery package and associated control system for battery charging for the retrofit project. The 2013-built North Pomor sails under the Norwegian flag and is already equipped with diesel-electric propulsion.NES said its teams in Bergen and Ålesund will design, assemble and test the battery package and control system, for scheduled delivery in the third quarter of 2023.NES has not disclosed the value of the contract…

Norwegian technology provider HAV Group ASA has received preliminary approval from DNV for its hydrogen-based energy system for cruise ships.The system uses liquefied hydrogen storage and fuel cells and was created as part of the FreeCO2ast project, which is currently developing a high-capacity hydrogen energy system that can be retrofitted onboard two coastal cruise vessels owned by the Norwegian operator Havila  Kystruten.The preliminary approval through DNV means that HAV Group…

Shipping company Gearbulk has awarded a contract to Norwegian Electric Systems AS (NES) for the provision of the battery system for a new crane to be installed onboard the general cargo vessel EMU Arrow.Gearbulk is replacing one of the EMU Arrow’s old gantry cranes with a new and more efficient electric jib crane.“Gearbulk has actively advocated for increased global regulations of CO2 emissions in the shipping industry. This crane conversion, along with the installation of a containerized battery system…

Norwegian firm Endúr said this week its subsidiary BMO Entreprenør has won a large ferry quay contract with Vestland county in Western Norway. The contract has a value of NOK 40 million (USD 4.44 million).Endúr, a company with activities within aquaculture, marine infrastructure, maritime services and energy, announced the acquisition of BMO Entreprenør in October. The company is a provider of maintenance and rehabilitation services for marine infrastructure projects in Norway. The company has now signed a ferry quay contract with Vestland county.

One Norwegian shipyard has opted to focus on ship repair and service versus newbuild -- and downsize too -- to ride out COVID-19 and its impact on the world economy.New Havyard Ship Technology announced that it will restructure its operations into a repair and service yard and reduce the number of staff, as employees were informed today at the yard in Leirvik."The strategy of becoming a service and repair yard is absolutely necessary to keep as many jobs as possible," said Gunnar Larsen, CEO, Havyard Group.

Havyard’s collaboration with the Turkish shipyard Cemre has been decisive in the company’s ability to deliver top-quality competitive newbuilds from its own shipyard in Leirvik in Sogn.On Saturday, August 24, Cemre Shipyard launched the hull of Havyard Ship Technology AS’s build number 144. The hull will now be towed to Leirvik for fitting out, testing and completion and is scheduled for delivery to Fjord1 in January 2020, to operate the Sandvika - Edøya service. This marks the 50th hull built by Cemre for Havyard…

MMC Green Technology AS will be renamed Norwegian Greentech AS.In connection with the sale of MMC First Process, it was agreed that MMC Green Technology would change its name. The new name is Norwegian Greentech AS, and Havyard Group ASA is the company's majority owner with 77.78% of the shares. The remaining shares are still owned by key employees who have been with the company since its formation.Ballast water treatment system – a requirementShips built after September 8, 2017 are bound by the requirements of the IMO convention concerning treatment of ballast water, while existing ships must have a ballast water treatment system installed by September 8, 2024. Also, all ships are already required to have an approved ballast water management plan in place.

Finnish cargo-handling machinery giant Cargotec announced that its unit MacGregor, which provides solutions and services for handling marine cargoes, has completed the acquisition of the marine and offshore businesses of TTS Group ASA."MacGregor business area has completed the acquisition of the marine and offshore businesses of TTS Group ASA. Cargotec announced in February 2018 an agreement to acquire the businesses for an enterprise value of approximately EUR 87 million," said a press statement from Cargotec.Completion of the acquisition follows receipt of required approvals from the relevant countries and authorities.The acquired businesses will be integrated within MacGregor's operating structure…

Marine and offshore equipment and services form MacGregor announced on Monday it has received a clearance decision from the Chinese competition regulator, SAMR, for the company’s acquisition of the marine and offshore businesses of TTS Group ASA. Based on revised estimates, potential cost synergies are estimated to be around EUR 25-30 million on annual level.MacGregor, part of Cargotec, had previously announced approvals from German and South Korean authorities in November and December 2018 respectively…

MacGregor, part of Cargotec, announced on February 8, 2018 that it has entered into an agreement to acquire the marine and offshore businesses of TTS Group ASA.The acquisition is subject to regulatory approvals from the competition authorities in Germany, South Korea and China. MacGregor announced the approval from the German regulator on November 6, 2018 and the approval from the South Korean regulator on 27 December 2018.MacGregor announced in December that it expected to receive approval from the competition authority in China and close the transaction during Q1 2019. Due to a longer than expected regulatory process in China, the company currently expects closing of the transaction to take place in Q2 2019.

Cargotec’s MacGregor has hit roadblock to complete the acquisition of TTS Group’s marine and offshore businesses, originally proposed in February 2018.The provider of solutions for handling marine cargoes informed that the closing of MacGregor's TTS acquisition has been postponed to Q3 2019.On 8 February, 2018 MacGregor entered into an agreement to acquire the marine and offshore businesses of TTS Group ASA, a global provider of handling solutions and access systems and services for the marine and offshore industries.The acquisition is subject to regulatory approvals from the competition authorities in Germany, South Korea and China.MacGregor…

The very large crude carriers (VLCC) market market was relatively strong in Q1, with VLCC earnings averaging USD 29,000/day an increase of close to USD 20,000/day versus Q1’18, said Norway's Hunter Group ASA.High USG activity was the main contributor to the rate increase, said the company focusing on shipping and oil services investments.However, rates have dropped significantly towards the end of Q1 due to amongst other things; continued OPEC+ production cuts, heavy refinery maintenance ahead of IMO 2020, and a high number of newbuildings being delivered."We believe this trend will continue through H1. Although we expect the market to remain weak for the above-mentioned reasons until the end of H1…

The launching ceremony of the ‘Greg Mortimer’, the first polar expedition cruise vessel in SunStone Ships’ INFINITY series, was held in the morning of 12 March at the CMHI yard, China.The steel cutting ceremony of ship number three in the series was also arranged yesterday, said a press release from Ulstein Group ASA, Norway based ship designer.The cruise operator, Aurora Expeditions, has chartered the vessel, and named her after their founder, Greg Mortimer, who also attended yesterday’s launch ceremony.According to Xianpu Hu, managing director at China Merchants Industry Group, the construction of vessel number 1 started on 16 March 2018, less than one year ago.

Norway-based TTS Group ASA, a global provider of handling solutions and access systems and services for the marine and offshore industries, has been awarded a contract for sideloading systems for Norway-based expedition cruise operator Hurtigruten.TTS Group has also won a contract for ships equipment to another buyer. Total value of the orders is approximately NOK 38 mln (USD 4.5mln).Hurtigruten, the world’s largest and most sustainable expedition cruise line, is expected to install the advanced TTS sideloading systems on six different ships during 2019-2021.Building on 125 years of Norwegian pioneering heritage, Hurtigruten is today the world's largest expedition cruise company.Few days ago, TTS Group awarded a new contract with Cosco (Dalian) Shipyard Co., Ltd in China.