Cooperation Agreement News

South African Nouum Engineering, a provider of diesel engine services for marine, power, locomotive and generators globally, and Mauritius-based ship repair and conversion yard Taylor Smith Shipyard (TSS) have signed a cooperation agreement, expanding both companies’ commercial and operational scopes.As a part of the agreement, Nouum Engineering will be focusing on the repair and maintenance of marine engines and related equipment, such as turbochargers and automation systems, a growth market for Taylor Smith Shipyards.

Chinese officials have asked their Iranian counterparts to help rein in attacks on ships in the Red Sea by the Iran-backed Houthis, or risk harming business relations with Beijing, four Iranian sources and a diplomat familiar with the matter said.The discussions about the attacks and trade between China and Iran took place at several recent meetings in Beijing and Tehran, the Iranian sources said, declining to provide details about when they took place or who attended."Basically, China says: 'If our interests are harmed in any way, it will impact our business with Tehran.

WinGD has concluded an agreement with Mitsui E&S Diesel United (MESDU), part of the Mitsui Engineering & Shipbuilding group, that will see WinGD engines being built at its main Tamano works for the first time.The agreement adds considerable engine building capacity and enables WinGD to meet growing demand in a leading shipbuilding market with a reputation for delivering sophisticated, high-quality vessels.WinGD engines have previously been built only at the company’s Aioi Factory, which was acquired from IHI Group when the Diesel United business was sold to Mitsui E&S earlier this year.

Nova Marine Carriers group of Lugano, which is headed by the Bolfo Gozzi and Romeo families, announced the acquisition of two new ships,  finalizing the purchase in Japan of the (renamed) Sider Ambos, a 20,000 dwt bulk carrier, built in 2017, particularly suited to the steel and gypsum trades in which Nova Marine is engaged.A few days later a second 38,000 dwt vessel also joined the fleet. Built in 2012 by Imabari shipbuilding (and still in Japan) this ship has been renamed Sider Pera and will also operate under the cooperation agreement with the Greek Halkidon group.

French engineering firm GTT announced it has signed a strategic cooperation agreement with Chinese shipbuilding group China State Shipbuilding Corporation Limited (CSSC).The agreement provides for cooperation between GTT and 12 subsidiaries of the CSSC conglomerate, notably in ship design and construction, cryogenic containment technologies for liquefied natural gas (LNG) shipping, LNG as fuel and smart shipping solutions.As part of this agreement, GTT and CSSC aim to develop and market competitive LNG tank solutions with GTT technologies…

DEME and Greek renewable energy developer and independent power producer FARIA Renewables have signed a cooperation agreement to explore opportunities and co-develop offshore wind farms in Greece. Offshore wind technology is viewed as crucial for achieving global goals towards zero emissions. In support of these goals, the Greek government recently announced the draft ‘National Offshore Wind Farms Development Program’ which is overseen by the Hellenic Hydrocarbons and Energy Resources Management Company (HEREMA).

China's Weichai and Germany's Bosch Group have signed a strategic cooperation agreement with the aim to advance technological innovation in areas such as new energy, high thermal efficiency diesel engines and intelligent transport, among others.On November 2, Stefan Hartung, Chairman of the Bosch Board of Management Directors of Bosch Group visited Weichai Group. He met Tan Xuguang, Chairman of Shandong Heavy Industry Group and Chairman of Weichai Power, and held discussions and…

Thales said Thursday it would equip the Polish Navy MIECZNIK (Swordfish) frigates with the TACTICOS combat management system, sonars, infrared sensor, and radars, providing the warships with multiple functions for detection, identification, command and control, and decision-making. The first ship is expected to enter service in 2029 through a strategic program, which incorporates a cooperation agreement between Thales and the PGZ-MIECZNIK Consortium (lead by Polska Grupa Zbrojeniowa).Designed to carry out a wide range of tasks at sea…

The Phoenix Harmonia, a liquefied petroleum gas (LPG) powered very large LPG/ammonia carrier, has been constructed by Namura Shipbuilding Co., Ltd. and delivered to MOL Energia Pte. Ltd., a Singapore-based company of Mitsui O.S.K. Lines Group, on September 29.Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries (MHI) Group, supported Namura and contributed to the delivery of the vessel, based on a technical cooperation agreement executed between the two companies in August 2021.

The United States opened international aid offices in the Pacific Islands this week, bolstering support for the strategic region and pitting it more forcefully against China, which has been providing infrastructure loans to the area for years.The vast ocean region, pivotal in World War Two, is in the spotlight again amid tensions over Taiwan. Taiwanese officials this week said China, which claims the island as its territory, could launch military drills soon to intimidate voters ahead of an election next year.On Wednesday…

Singapore-based Eastern Pacific Shipping and China Power International Development Limited have signed a Framework Cooperation Agreement (FCA) to collaborate on the production of green energy and renewable fuel solutions.The companies will cooperate to advance the development and adoption of energy solutions for the maritime industry, including green ammonia and green methanol.Representing EPS at the signing was Commercial Director Tay Gak Yong, who stated: “By leveraging our combined expertise…

The International Bunker Industry Association (IBIA) and methanol consulting firm Green Marine have signed a cooperation agreement to develop a methanol bunkering training program, with support from the Methanol Institute.The cooperation agreement aims to ensure bunker tanker crews and bunker surveyors are competent and ready for methanol bunkering on a larger scale. The plan is to commence the training in Singapore first and expanding globally in 2024.“Through strategic training and partnerships…

DNV and China State Shipbuilding Corporation (CSSC) have established a Future Ship Joint Innovation Center in Shanghai.The Center will allow both companies to cooperate on ship and offshore field technical innovation. The Center will set up three joint work groups on decarbonization, digital twin/digital ship, and smart shipping, focusing on developing future-proofed vessel holistic solutions.The Center will be established and operated by SDARI and DNV China following the Strategic…

TECO 2030 and Chart Industries have expanded their existing cooperation agreement on Chart’s Cryogenic Carbon Capture™ process technology (CCC), to include Chart’s offer of liquid cryogenic fuel storage and supply systems, as well as Howden’s hydrogen solutions.Under the expanded agreement, Chart, Howden (a Chart Industries Group company) and TECO 2030 will combine their expertise to offer improved ship efficiencies and reductions in carbon emissions.Chart, including Howden, has solutions including leading compression technologies…

HGK Shipping and the Port of Rotterdam signed a long-term cooperation agreement to promote sustainable concepts for inland waterway services leading to and from seaports. The document primarily focuses on the energy revolution and logistics for hydrogen as well as reducing CO2 emissions by using innovative drive concepts and digitalization. These topics are crucially important to ensure reliable and sustainable supplies for industry. The agreement therefore ensures that stable…

2022 closed with significant developments to advance offshore wind (OSW) and the necessary, related work required at U.S. ports – on the east and west coasts and the Great Lakes. Some of these developments included:Funding – MARAD’s Port Improvement Development Project (PIDP) grants provided over $100 million for wind at four ports.Corporate leadership – Marine giants Foss and Crowley stepped up to lead development projects in California and Massachusetts.New industry focus – The American Association of Port Authorities (AAPA) started a program called POWERS – “Port Opportunities With Energy…

French engineering firm GTT said it has signed a technical assistance and license agreement with China Merchants Heavy Industries-Jiangsu (CMHI-Jiangsu), a subsidiary of shipbuilding group China Merchants Industry Holdings (CMI), enabling the yard to construct vessels using GTT membrane technologies.GTT and China Merchant Industry Holdings have been cooperating for a decade, with a first Technical Service Agreement signed in 2013 for the maintenance and repair of LNGCs. A cooperation agreement has also been initiated in 2016 for the evaluation of CMHI to implement GTT technologies.

Pavilion Energy and DNV have said they have developed a fit-for-purpose LNG bunker digital solution for employment in the Port of Singapore.The companies said they'd developed a tailored digital bunkering platform ‘FuelBoss’ to meet local requirements."As a fully digitalized end-to-end bunkering solution, FuelBoss will improve process integrity, data transparency, and operational efficiency for customers. This includes digital checklists and electronic Bunker Delivery Notes developments…

U.S.-based LNG company Excelerate Energy and a subsidiary of Gasgrid Finland, a Finnish state-owned natural gas transmission system operator, on Friday signed a ten-year deal in Helsinki for the charter of a floating storage and regasification vessel (FSRU) that they said would provide "flexible, reliable, and secure" supply of liquefied natural gas (LNG) to Finland, Estonia, and the Baltic Sea Region.Excelerate President and CEO Steven Kobos, Gasgrid Finland CEO Olli Sipilä,…

EUNAVFOR Atalanta and both the Regional Maritime Information Fusion Center (RMIFC/Madagascar) and the Regional Coordination Operations Center (RCOC/Seychelles) conducted their first joint operation from September 21 to 24. This first Operation, named MARLIN, was aimed at strengthening maritime security in the Western Indian Ocean through sustainable collaboration between the States of the region and international partners. It contributed to the implementation of the cooperation agreement signed between EUNAVFOR Operation ATALANTA and the two regional centers in December 2021…

Vopak, a Dutch natural gas infrastructure and transportation company operating in the Netherlands and Germany, has teamed up with the tank storage firm Gasunie to jointly develop future terminal infrastructure projects for hydrogen import into Northwest Europe via Dutch and German ports. The two companies have collaborated in the Gate LNG terminal in the Port of Rotterdam that came into operation in 2011."Alongside domestic production of hydrogen, large-scale import of green hydrogen will become essential for reaching the European Green Deal and the Fit for 55 targets.

Japan's NYK said Thursday its new crew transfer vessel (CTV) Energizer had started its charter with Northern Offshore Services AS (NOS), a subsidiary of the Sweden-based Northern Offshore Group AB (NOG).The CTV, which will be used to service offshore wind farms, is owned by NYK and is being chartered to NOS through a long-term bareboat charter contract. It will transfer crews to offshore wind power stations, mainly in Europe, under the operation of NOS. NOG operates about 60 CTVs in the offshore wind power market in Europe…

Net Income of $4.65 Billion, Adjusted EBITDA  of $6.60 billion, and Adjusted EBIT of $5.82 billionAs the containershipping industry enjoys its greatest boom of a generation, ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) announced its consolidated results for the three and 12 months ended December 31, 2021.Net income for the fourth quarter was $1.71 billion (compared to $366 million in the fourth quarter of 2020), a year-over-year increase of 366%, or $14.17 per diluted share…