KOTUG Takes Full Ownership of Its Bahamas Towage JV with SEACOR
KOTUG International, a marine services and towage provider based in the Netherlands, announced on Thursday it has concluded its acquisition of Kotug Seabulk Maritime (KSM), taking full ownership of the Caribbean marine towage business.KOTUG said it has acquired the interest of its joint venture partner, Fort Lauderdale, Fla.-based SEACOR Holdings via its Seabulk subsidiary KS Maritime Holdings, owner of the 50% share in KSM.Founded in 2017, KSM acts as the exclusive provider of maritime terminal support services for Buckeye Partners’ Bahamas Hub…
Marco Polo Marine Eyes Offshore Wind Work in Japan
Marco Polo Marine, a Singapore-listed offshore vessel company, is looking to enter the Japanese offshore wind market and has signed a memorandum of understanding with "K" Line Wind Service in that regard.Both parties, according to Marco Polo Marine, want to own and run suitable offshore support vessels that will serve customers in the Japanese offshore wind sector.The agreement marks Marco Polo Marine’s entry into another offshore wind market in Asia, in addition to Taiwan, which it entered by acquiring PKR Offshore, an established Taiwan-based wind vessel operator, in May this year.
Svitzer Inks Global Services Deal with Caterpillar Marine
Engines manufacturer Caterpillar announced Tuesday it has signed a global services agreement with the the world’s largest tug operator, Svitzer, covering more than 100 vessels powered by Cat Marine engines in 30-plus countries. A focused Caterpillar team working with the global Caterpillar dealer network will execute the terms of the contract, which is designed to increase vessel uptime, drive service efficiency and extend Svitzer’s overall service experience.With towage operations serving 34 terminals and 120 ports in the Americas…
Nakilat Takes LNG Carrier In-House
Qatar Gas Transport Company (Nakilat) has assumed full ship management and operations of Q-Flex LNG carrier Al Sheehaniya from STASCo (Shell Trading and Shipping Company) with effect from 6 July 2017, as part of the planned and phased transition announced on 19th October 2016. With a cargo carrying capacity of 210,200 cubic meters, Al Sheehaniya is wholly-owned by Nakilat and chartered by Qatargas. The vessel built in South Korea by Daewoo Shipbuilding & Marine Engineering was delivered in February 2009 and has been in service ever since. Al Sheehaniya is the ninth wholly-owned LNG vessel that will come under the management of Nakilat Shipping Qatar (NSQL), bringing the total number of vessels managed by NSQL to 17, comprising of 13 LNG and 4 LPG carriers.
Carlyle Group Acquires LMC
Global alternative asset manager The Carlyle Group today announced the acquisition of Lauderdale Marine Center (LMC), the nation's largest yacht repair facility in terms of the number of large vessels it can haul and service. Equity for the transaction comes from Carlyle Realty Partners VII, a U.S. real estate investment fund. "In partnership with the outstanding management team and staff at LMC, we will build upon LMC's success through growth and continued innovation and superb customer service," said Thad Paul, Managing Director at The Carlyle Group. Located in Fort Lauderdale on the New River, visible from I-95 and close to Fort Lauderdale/Hollywood International Airport, LMC is a 50-acre facility consisting of a boatyard, marina and marine service center.
GAC Gears up for SMM 2014
GAC said it is busy finalizing preparations for its participation in next week's SMM, the international maritime trade fair taking place in Hamburg from September 9-12. It is the first time the shipbuilding, machinery and marine technology exhibition has been staged in Europe since the launch late last year of GAC EnvironHull’s revolutionary eco-friendly brushless hull cleaning solution, HullWiper, which takes center stage at the GAC stand. Not only does the pioneering ROV (Remotely…
Singapore's ASL Marine Holdings Reports Increased 2012 Revenue
Total revenue for the Singapore-based group increased by 7.7% year-on-year to $391.2-million in financial year ended 30, June 2012. ASL Marine Holdings Ltd. is a vertically-integrated marine services group principally engaged in shipbuilding, shiprepair and conversion, shipchartering and other marine related services, catering to customers mainly from Asia Pacific, South Asia, Europe, Australia and the Middle East. According to Ang Kok Tian, Chairman and Managing Director, “...we managed to post a decent set of results on the back of robust shipbuilding operations, a resilient chartering business and increased orders for the shiprepair and conversion segment from the buoyant offshore oil and gas sector.
ISS Expands in Southern China
Since the beginning of the year Inchcape Shipping Services has been attending vessels and providing professional boarding and agency services in the ports of Nansha and Huangpu in southern China. Located on the Pearl River Delta, Huangpu and Nansha (the Greater Guangzhou Ports) are busy Chinese ports, handling the full spectrum of commodities and home to shipyards providing newbuild, repair and drydock services. Southern Chinaís economic achievements are the result of a pioneering and proactive approach which has seen the region aligning itself with the central government's open-policy reforms. And the Pearl River Delta is southern Chinaís most powerful economic engine.
