Trelleborg Marine Systems Acquires SeaTechnik

Press Release
Monday, January 14, 2013

Trelleborg Marine Systems, part of Trelleborg business area Offshore and Construction, has announced the acquisition of Sea Systems Technology Ltd. (SeaTechnik), a firm engaged in the design and manufacture of systems for safeguarding the transfer of LNG between liquefied natural gas (LNG) carriers and shore terminals.


In addition to developing, manufacturing and supporting systems for the safe handling of LNG, SeaTechnik has a growing share of products and solutions that monitor and can actively manage the operating performance of ships, the aim of which is to significantly reduce both emissions and fuel costs.


For Trelleborg Marine Systems, the acquisition means strengthening and building on its expertise in the LNG sector.  Richard Hepworth, President of Trelleborg Marine Systems says: “We’re committed to growing our business in this fast moving area and the acquisition of SeaTechnik really bolsters and expands on our berthing, docking and mooring offering.


LNG transportation represents an attractive growth area for us.  As such, we want to offer a full service solution that can provide customers with a “one-stop-shop” for LNG projects, building on our existing expertise and capabilities. SeaTechnik’s portfolio already has similar design requirements to ours and we already work together closely, so the acquisition provides natural synergies and is a logical step to take.”


Richard Ceen, Managing Director at SeaTechnik, says: “We’re delighted to announce the finalisation of the acquisition. We’ve built our reputation as the world leading specialist in LNG Ship Shore Link and Emergency Shutdown systems and we continue to develop our lead in energy monitoring and optimisation of performance for ships and other marine installations.  


“Now, boosted by the portfolio and financial strength of Trelleborg, we look forward to working with our colleagues across the business to share knowledge and best practice, and develop and enhance our joint portfolio even further.”
Employing 45 people globally, SeaTechnik is based outside Chester in the U.K., with two wholly owned subsidiaries based in Korea and Singapore. Design, manufacture and assembly activities are based mainly in the U.K., with local sales support, installation and commissioning work and specialist manufacturing carried out in Korea and Singapore.


The acquisition is part of Trelleborg’s strategy to strengthen its position in attractive and profitable markets and enables the Group to broaden its product portfolio of berthing, docking and mooring solutions for harbours and ships.
 

 

 

 

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

Ports

Port of Galveston to Repair Public Pier

Galveston Wharves’ board of trustees today unanimously approved a project to repair pilings and pier deck in the Pier 19 area of the port. The board awarded the contract,

Jaenichen Tours Port of Brownsville

The U.S. Department of Transportation’s Maritime Administrator Paul ‘Chip’ Jaenichen today visited the future site of a marine cargo dock at the Port of Brownsville made possible,

US Shippers, West Coast Dockworkers Union Resume Contract Talks

Negotiators for shipping lines and terminal operators at 29 U.S. West Coast ports resumed contract talks with the union for dockworkers on Thursday, as cargo backups continued at the ports,

LNG

Becker Marine Delivers Rudder for Largest Containership

Becker Marine Systems delivers rudder for the largest container ship in the world   At 19,000 TEU, the largest container ship in the world is now picking up speed

DSME Returns for More Dual-Fuel Engines

MAN Diesel & Turbo received an order for four MAN B&W 5G70ME-GI engines in connection with Daewoo Shipbuilding & Marine Engineering Co.,Ltd. (DSME) agreeing a deal

USCG Addresses Future of Marine Fuels

The future of marine fuels from the Liquefied Gas Carrier National Center of Expertise   The Pacific Merchant Shipping Association hosted The Future of Marine

Software Solutions

K Line to Expand Use of Eco-efficiency Software

Three further K Line vessels to install ClassNK-NAPA GREEN eco-efficiency software after reporting fuel savings during trials on an 8,600 TEU container vessel   NAPA

Breakthrough Capability Keeps Subs, Ships Safe

Interactive software that can dramatically cut the time it takes to plan safe submarine missions is crossing over to the surface fleet and is being installed

Lloyd's Register Foundation Funds Big Data Study

The Lloyd’s Register Foundation today launched its Foresight review of big data and announced a conditional grant offer of £10 million to support research by

Mergers & Acquisitions

DP World: Shareholders Back EZW buy, London Delisting

Shareholders of DP World have approved buying Economic Zones World from its majority shareholder and also backed the port operator's delisting from the London Stock Exchange,

Vard Wins Farstad's OSCV Contract

Vard Holdings Limited (“VARD”) has secured a contract for the design and construction of one Offshore Subsea Construction Vessel (“OSCV”) for Farstad Shipping (“Farstad”).

CSL St-Laurent on Maiden Voyage

The second of Canada Steamship Lines' (CSL) two newbuild Trillium Class Great Lakes bulk carriers, CSL St-Laurent, was delivered on November 26, 2014 and set

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Pod Propulsion Port Authority 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: 0.5509 sec (2 req/sec)