UK Shipyard Merger

Press Release
Wednesday, June 20, 2012
Mustang Marine Construction: Photo credit Mustang Marine

Mustang Marine (Wales) join forces with Milford Haven Ship Repairers (MHSR)

Currently the trading name for Milford Haven Port Authority, MHSR, is to be rebranded under the Mustang Marine (Wales) Ltd name and will operate from the existing two sites, the dry dock facility at Milford Dock and the slipway facility adjacent to Mustang Marine in Pembroke Dock.

Mustang Marine, is a boat builder and repairer of workboats, pilot boats, passenger and similar commercial vessels up to 40m in length. Established in 1984 by the Lewis family, the company has witnessed steady growth specifically in the last 5 years. Employing over 80 personnel; up until now Mustang Marine has been owned by its founders.

Kevin Lewis, one of the founders and MD for Mustang Marine comments, “This is an exciting next step in the future. In 2011 we announced the expansion of the current site, enabling us to seek new opportunities within the windfarm market whilst not disrupting the core business. This merger with MHSR is yet another exciting time for us and we are looking to develop and enhance the repair side of the business.”

Previously seen as potential competitors to some within the Milford Haven area the merger will create a single and more extensive ship building and repair business. The primary thinking behind this merger is to establish critical mass, where one company can proactively provide a more significant range of services to its customers. Merging the two organisations will see an injection of cash enabling these two highly complementary skilled teams to synergise as one
 

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

Ship Repair & Conversion

Shipping Contributes $164bln to EU

The European Community Shipowners' Associations has released the results of a recent update of an Oxford Economics study on the economic value of the EU shipping

Added Value Innovation Drives Control of BWTS

Specifying for ballast water treatment systems can be a difficult process. Ian Hamilton, sales manager for marine electrical wiring control and instrumentation specialists CMR Group, offers guidance.

Hospital Ship Brought up to Speed with AMOS

SpecTec will work with long term partner Mercy Ships to migrate its current system Business Suite to AMOS Enterprise Management Suite (EMS).   Mercy Ships’ Africa Mercy,

Workboats

Mariner Medevaced in Alaska

An ailing mariner was medevaced from a fishing vessel in Beaver Inlet, approximately 13 miles southeast of Dutch Harbor, Sunday, the U.S. Coast Guard reported.   The

Editorial: Gettin’ Crabby with Deadliest Catch

As February is our traditional cruise shipping edition, naturally we’ve selected a fishing boat and two crabs for the cover. But as many of you may already know,

Haven Marine Bags Back To Back Dockings

Despite a slow start to the year, Haven Marine Services reports it is now seeing a change in fortunes with two dockings for Svitzer in quick succession, with one

Ports

Rotterdam Port Receives Largest Box Ship

The MSC Oscar arrived on Tuesday (yesterday) at the APM1 terminal in Rotterdam. With a capacity of 19,224 TEU (20-foot containers), the 396 meters long and 59

UAE Shipping Delegation to Meet with Greek Counterparts

A delegation of Middle East maritime heavyweights including H.E. Khamis Juma Buamim, chairman & group CEO Drydocks World and Maritime World and Rashid Mohammed Al Habsi,

First Ship to Load Soy at Tegram Bound for China

The first ship to load soybeans from the new Tegram terminal in the northeastern port of Ponta Madeira in Sao Luis, Brazil, will berth on March 10, local shipping agents Cargonave said on Tuesday.

Passenger Vessels

Genting Acquires Crystal Cruises

Crystal Cruises has been sold for $550 million to the owner of Asia's largest cruise line and a major shareholder of Norwegian Cruise Line.    Crystal's parent company,

Carnival Cruise Line Shuffles Ships

A few weeks after Carnival Cruise Line announced plans to move the Carnival Liberty and Breeze to Galveston, the cruise line announced the future homes of the Carnival Triumph,

Winter in US Northeast Takes a Toll on Ferries

With its black hull rumbling against a field of broken ice, the Warren Jr. slowly eased away from a dock in the Boston suburb of Hingham on Tuesday, aiming to clear

Mergers & Acquisitions

Genting Acquires Crystal Cruises

Crystal Cruises has been sold for $550 million to the owner of Asia's largest cruise line and a major shareholder of Norwegian Cruise Line.    Crystal's parent company,

VesselVanguard Partners with Hatteras Yachts

VesselVanguard announced today a new partnership with Hatteras Yachts to provide a five-year subscription for its award-winning maintenance management solution

Shipping Industry Faces Shake Up

As global shipping grapples with its worst downturn in 30 years, private equity firms are unwinding massive bets made on the sector in a move set to accelerate

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Naval Architecture Pod Propulsion Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1472 sec (7 req/sec)