Trelleborg Acquires LNG Ship Safety Specialist

Press Release
Thursday, January 17, 2013

Trelleborg makes acquisition within the marine docking and mooring solutions business sector.

Trelleborg has, through its business area Trelleborg Offshore & Construction, signed an agreement and finalized the acquisition of Sea Systems Technology Ltd. (“SeaTechnik”), which is a market-leading company predominantly specialized in the development of software and manufacture of emergency shutdown systems and other communications systems used when carriers transporting liquefied natural gas (LNG) berth at terminals.

In addition to developing software and manufacturing emergency shutdown and other communication systems for the safe handling of LNG in connection with carrier berthing, SeaTechnik has a relatively small but growing share of products and solutions that monitor and manage engine fuel supply in ships, the aim of which is to significantly reduce both emissions and fuel costs. Synergies and efficiencies are expected to be generated on integration of the acquired company into Trelleborg’s structure.

SeaTechnik’s head office is in the U.K. and it operates market offices in South Korea and Singapore. Annual sales 2012 are estimated to approximately SEK 55 M. The acquisition is part of Trelleborg’s strategy to strengthen positions in attractive and profitable market segments and enables the Group to broaden its product portfolio of berthing, docking and mooring solutions for harbors and ships.

 

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

People & Company News

Matson Announces Quarterly Dividend

Matson, Inc. declared a first quarter dividend of $0.17 per common share, the company’s board of directors announced. The dividend will be paid on March 5, 2015

Hogan Named VP at Newport News Shipbuilding

Rob Hogan has been appointed vice president of manufacturing at the Newport News Shipbuilding division of Huntington Ingalls Industries (HII), the company announced.

Kongsberg Expands Louisiana Office, Training Facility

Kongsberg Maritime has purchased approximately 5.2 acres for new construction on an 82,980 sq ft office and training facility. Construction on the James Business

LNG

Wärtsilä to Power LNG-fueled RoPax Ferry

A ferry being built for Sweden’s Rederi AB Gotland will be fueled by LNG, featuring a Wärtsilä integrated solution which includes a complete LNG powered propulsion- and fuel storage and supply system,

First Container for LNG Hybrid Barge

The HUMMEL (bumblebee) LNG Hybrid Barge will enable Becker Marine Systems to supply low-emission power to cruise ships lying at port in Hamburg. The first container

Mitsui Orders 2 LNG Carriers from MHI

Mitsubishi Heavy Industries, Ltd. (MHI) reports it has received an order for two next-generation LNG (liquefied natural gas) carriers from Mitsui & Co., Ltd., scheduled

Mergers & Acquisitions

China Watching Greece After Port Sale Shelved

China is closely monitoring the policies of the new Greek government after Athens said this week it will stop the sale of a majority stake in Greece's biggest port,

Mitsui Orders 2 LNG Carriers from MHI

Mitsubishi Heavy Industries, Ltd. (MHI) reports it has received an order for two next-generation LNG (liquefied natural gas) carriers from Mitsui & Co., Ltd., scheduled

NewLead Holdings Acquire 5 Vessels

NewLead Holdings Ltd. announced today that it recently added five bitumen tanker vessels to its fleet. The Company has expanded its fleet to 10 vessels in less

 
 
Maritime Security Naval Architecture Navigation 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: 0.1450 sec (7 req/sec)