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 November 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Ship Repair & Conversion

Mitsubishi Considers Splitting Off Shipbuilding Arm

Japan's Mitsubishi Heavy Industries Ltd (MHI) said on Wednesday it was considering a range of options for its shipbuilding business, including splitting it off into a separate company.

ThyssenKrupp Sells Emden Shipyard

ThyssenKrupp and Seafort Advisors GmbH have entered into an agreement on the sale of the Emder Werft und Dockbetriebe shipyard in Emden. ThyssenKrupp began looking

Bollinger Shipyards Announces New Leadership

Lockport, La.-based Bollinger Shipyards announced that Ben Bordelon will assume the duties of chairman, president and chief executive officer of the company.   Ben Bordelon,

Workboats

Glycerin Powers into the Propulsion Picture

Maine Maritime Academy Receives a $1.4 Million U.S. DOT Research Grant to Develop a Marine Engine Testing and Emissions Laboratory.   The Marine Engine Testing

FMT Embraces Electronic Records Management

After Testing Records Technology Waters, Tug and Barge Company Jumps In. Shortly after Florida Marine Transporters CIO Don Carlton installed an electronic records

New Generation SSAV Delivered to PACC Offshore

POSH Xanadu, the first of a new generation of DP3 Semisubmersible Accommodation Vessels (SSAV) for PACC Offshore Services Holdings Limited (POSH), was delivered to Singapore on December 22,

Ports

Canal Delays Weigh on Panama Growth

Panama on Sunday lowered its 2014 growth expectation to 6.3 percent, down from a previous estimate of around 7 percent. Panama's economy grew 8.4 percent in

Egypt Nears Deal for Algerian LNG Imports

Egypt expects to agree a deal to import liquified natural gas from Algeria as early as this week, ministry sources said on Monday, as the country seeks to ease a chronic energy shortage.

Libya's Oil Output Wanes as Fighting Shuts Ports

Hariga fields still producing but Libya's current output a fraction of pre-2011 levels. Libya is producing 128,000 barrels of oil a day from fields connected to far eastern port of Hariga,

Passenger Vessels

Five Dead, 22 Remain on Board Stricken Ferry

Fire started in early hours of Sunday; rescue efforts hampered by bad weather. Five people were confirmed to have died in car ferry that caught fire off the

USCG Search for Man Overboard

The Coast Guard is searching for the master of a freight ship reported overboard approximately 60 miles east of Wake Island Sunday. Watchstanders at the Coast

Rescuers Struggle to Reach Burning Ferry in heavy Seas

Passengers aboard a car ferry that caught fire off the coast of Greece early on Sunday pleaded for help as rescue vessels struggled to approach the burning vessel in high winds and rough seas.

Mergers & Acquisitions

MOL Seals Shipping Deal with Reliance

Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) and Reliance entered into a strategic association for transportation of Liquefied Ethane from United States to India.

Rosneft Hikes Stake in NOC

Rosneft and Lukoil signed a package of legally binding documents regarding Rosneft’s acquisition of 20% share in the National Oil Consortium LLC (NOC). Due to

Mitsubishi Considers Splitting Off Shipbuilding Arm

Japan's Mitsubishi Heavy Industries Ltd (MHI) said on Wednesday it was considering a range of options for its shipbuilding business, including splitting it off into a separate company.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Navigation Pod Propulsion Port Authority Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar
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: 0.2090 sec (5 req/sec)