Wilhelmsen Group Income for 2Q up by 5%
The Wilhelmsen group delivers a slight increase in top line in the second quarter, mainly supported by higher operating revenue in supply services. The positive underlying market trends are expected to continue. The total income for the second quarter was USD 222 million, up 5% from the first three months of 2018.“We note that the positive development in top line in the first quarter continues into the second. Maritime services deliver stable revenue, while supply services record improved income following a seasonal upswing and property sales gains in NorSea Group…
Wilhelmsen Drops Acquisition of Drew Marine
A US District Court for the District of Columbia announced that it will grant the Federal Trade Commission’s (FTC) motion for an injunction to block Wilhelmsen’s acquisition of Drew Marine Technical Services.Consequently, Wilhelmsen and Drew have agreed to abandon the transaction.“We disagree with the views of the US competition authorities. This would have been an important strategic investment for our group, which we believe would have meant better services and better prices for our customer.
U.S. Sues to Stop Wilhelmsen From Buying Rival Drew Marine
The U.S. Federal Trade Commission said on Friday it would challenge in court the Norwegian company Wilhelmsen Maritime Services' plan to buy smaller U.S. rival Drew Marine Group. The FTC said the $400 million proposed deal would reduce competition in the market for marine water treatment chemicals, used in a ship's boiler water and engine cooling water systems. If Wilhelmsen closed the deal with New Jersey's Drew Marine, the FTC said the company would have 60 percent of the market for marine water treatment chemicals, while its closest competitor would have 5 percent. "We disagree with the FTC's evaluation and will continue to work towards a positive outcome," Wilhelmsen spokeswoman Benedicte Teigen Gude told Reuters.
RSC Bio Solutions’ EALs Available through Drew Marine
RSC Bio Solutions said its high performance Environmentally Acceptable Lubricants (EALs) are now available through Drew Marine’s global supply chain network, which is capable of delivering to more than 900 ports worldwide. RSC Bio Solutions and Drew Marine announced a new global marine distribution partnership that has expanded the global availability of RSC Bio Solutions’ range of EALs. RSC FUTERRA HF Series renewable hydrocarbon hydraulic fluids are Ecolabel certified and formulated to withstand extreme conditions and corrosion while operating in severe environments. Available in 46, 68 and 100 viscosity grades. Typical applications include stern tubes, controllable pitch propellers, stabilizers and various deck equipment.
RSC Bio Solutions, Drew Marine Ink Distribution Deal
RSC Bio Solutions and Drew Marine announced a new global marine distribution partnership at a press event held at Nor-Shipping’s annual conference in Oslo, Norway. This strategic alliance creates enhanced global availability for RSC Bio Solutions’ high performance environmental lubricant offerings. With Environmentally Acceptable Lubricants (EALs) growing quickly in the global marine market and demand from shipowners expanding into a wider range of auxiliary lubricant and grease applications…
Wilhelmsen Acquires Drew Marine Technical Solutions
The Wilhelmsen group has signed an agreement to acquire the technical solutions business from Drew Marine. “This acquisition offers a unique opportunity to enhance the scale and geographic reach of our marine products division,” said Wilhelmsen group CEO, Thomas Wilhelmsen. The acquired business will be brought into Wilhelmsen Ships Service. As part of the transaction, the business, people and competence in Drew Marine Technical Solutions will be transferred to Wilhelmsen. Approximately 400 Drew Marine employees will join Wilhelmsen Ships Service upon completion of the transaction.
Galasso Named Ocean Signal Sales Manager
Communication and safety at sea specialist Ocean Signal has announced the appointment of Rich Galasso as its new US Sales Manager. Galasso will assist with the company’s sales growth strategy in the US as demand continues to increase for Ocean Signal’s communication and safety products for the recreational and commercial markets, including 406MHz beacons, AIS man overboard devices and flares. Bringing more than 20 years’ experience in the marine industry to the role, Galasso joins…
Ocean Signal Unveils E101V Float-Free EPIRB
The new Ocean Signal E101V float-free EPIRB with integrated voyage data recorder (VDR) memory capsule is designed according to the latest VDR performance standards as a leading solution for commercial vessels of 3000+ gross tonnage. Developed in collaboration with VDR specialist AMI Marine, the E101V is Cospas Sarsat and MED certified and approved to IEC61097-2 as a float-free EPIRB with built-in memory capsule. Enabling ship owners and operators to meet new mandates for VDRs as defined by IMO Resolution MSC.333(90)…
MN100: ACR Electronics, Inc.
ACR Electronics, Inc. a Drew Marine Company, designs and manufactures a complete line of safety and survival products for the marine industries and various worldwide government agencies. Products include Emergency Position Indicating Radio Beacons, Personal Locator Beacons, ARTEX Emergency Locator Transmitters, Search and Rescue Transponders, Strobe Lights, Life Jacket Lights, Boat Search Lights, and other associated safety accessories. The firm is celebrating its Diamond Anniversary in 2016.
ACR Electronics Turns 60
ACR Electronics, a Drew Marine Company, is celebrating its diamond anniversary this year. Over the past 60 years ACR has manufactured lifesaving equipment for military forces, aviation and space programs, along with maritime and outdoor enthusiasts from around the world. The company was founded by the late David Rush and has traded ownership four times since its inception in 1956. Throughout ACR Electronics ownership changes, location moves and company acquisitions, a few things have remained the same, one of which is, the company said, is its commitment to quality. Dating back to the 1970 penlight which helped save the crew on the Apollo 13 mission, ACR lights have led troops through treacherous nights. ACR maritime safety gear is a top choice of the U.S.
AIS Regulations: New Responsibilities and Opportunities
March Coast Guard deadline represents milestone for AIS use in U.S. From increasing situational awareness and enhancing the safety and security of maritime transportation, to its use in accident investigation, search and rescue, Aids to Navigation and asset monitoring, the role of AIS (Automatic Identification System) as a flexible and developing technology continues to grow in significance. The month of March 2016 – has come and gone – and represents an important milestone which will increase the prevalence and general awareness of AIS.
Drew Marine Acquires NAL Research Corporation
Drew Marine, a provider of technical solutions and services for the maritime, defense and aviation industries, announced its acquisition of NAL Research Corporation, a designer and manufacturer of Iridium tracking and communications equipment. The financial terms of the acquisition were not released. NAL Research will team up with ACR Electronics, Inc., a brand of Drew Marine known as a leader in safety and survival technologies. The acquisition allows Drew Marine to expand its footprint into the Iridium tracking and communication product offering. NAL brings an experienced research and development team that specializes in Iridium satellite modems and tracking terminals from design through integration for the defense, research and commercial sectors.
Argo Navis Signs onto the Choice Alliance
Choice Ballast Solutions and Argo Navis have signed an agreement to expand engineering resources and capabilities for Choice Alliance, founded by Drew Marine and Choice Ballast Solutions. Along with Drew Marine and Choice, Argo Navis will contribute to Choice Alliance to expand resources, capabilities and reach, by providing ship owners with BWT compliance planning, integration engineering, project management, fabrication, installation, compliance assessment and service. Choice Ballast Solutions is an acknowledged authority in the application…
‘Choice Alliance’ Formed to Serve BWT Market
A strategic alliance between Choice Ballast Solutions and Drew Marine has been formed to provide vertically integrated capabilities within the ballast water treatment (BWT) market. The two firms have joined to form “Choice Alliance” which will provide ship owners with -BWT compliance planning, integration engineering, project management, fabrication, installation, compliance assessment and service. Choice Alliance will also develop additional resources as sub-contractors to support necessary activities in the BWT industry. Choice Ballast Solutions specializes in the application, installation and project management of all types of ballast water treatment systems for both new-build and retrofit vessels.
Ecochlor Selects Drew Marine for Global Resupply and Service Support
Ecochlor signed an agreement with Drew Marine to assist them in providing logistics support for the resupply of their BWTS precursor chemicals at selected ports and harbors globally. In addition, Drew Marine will provide chemical storage at designated ports, delivery of the precursor chemicals, and technical support to ships fitted with the Ecochlor BWTS. “This collaboration aligns with our vision to offer a strong commitment to the safety of mariners as well as expands our efforts to meet the chemical resupply and maintenance needs of the shipowner…
Evoqua, Drew Marine Ink BWMS Deal
Evoqua Water Technologies and maritime solutions and logistics expert, Drew Marine, have announced a partnership to provide a full compliance package for ballast water management. The collaboration brings together Evoqua’s technology and Drew Marine’s engineering, logistics and service expertise to offer ship owners and operators expert assistance worldwide. The partnership will centre around Evoqua’s industry-leading SeaCURE Ballast Water Management System (BWMS). Both parties will collaborate during the SeaCURE BWMS sales process for new build vessels and retrofit opportunities.
ACR Electronics Introduces New AISLink CB1
Suited for a range of recreational boaters and commercial vessels across the world, the new AISLink CB1 Class B transceiver is introduced by survival gear specialist ACR Electronics, a Drew Marine Company. ACR’s easy-to-use and reliable Class B Automatic Identification System (AIS) option sends and receives wireless navigational data to and from nearby boats and vessels including the vessel’s name, position, course or speed over ground, heading and rate of turn. The competitively-priced transceiver has a small, rugged and waterproof design with multiple interfaces and low power consumption.
ACR Electronics Acquires Ocean Signal
ACR Electronics, Inc., a Drew Marine company, announced its acquisition of Ocean Signal, Ltd. “Ocean Signal has pioneered a number of innovations in marine safety,” said Gerry Angeli, President of ACR Electronics. “Their ability to create a strong brand in a short period of time is a testament to their product design, quality and understanding of the market. The combination of the ACR and Ocean Signal brands bolster the product lines for the marine marketplace. Together the companies offer a range of Emergency Position Indicating Radio Beacons…
W&O Realigns Leadership Team
W&O, a global supplier to the marine and upstream oil and gas markets for pipe, valves and fittings, valve automation and engineered solutions, has promoted two long-time employees to Vice President as part of the company’s continued focus on providing engineered solutions, support and education to the marine industry. Fred Loomis will now serve as Vice President of Technical Sales, and Todd Nestel will serve as Vice President of Engineered Solutions. Loomis and Nestel will work closely with W&O’s leadership team to address ongoing and evolving customer needs…
Drew Marine Gets Navy Worldwide MSC Supply Contract
In the latest listing of US Department of Defense, Navy, contracts Drew Marine USA has been awarded a one-year option for the worldwide supply, delivery and services for shipboard chemical treatment; foam testing, supply and disposal; industrial gases; and refrigerants for all U.S. naval ships of Military Sealift Command (MSC) and any other vessel specifically identified by MSC. Department of Defense state that Drew Marine USA, Inc., Whippany, N.J., is being awarded a $9,202,490 modification under a previously awarded indefinite-delivery/indefinite-quantity contract with firm-fixed-price delivery orders as above. The contract specifies that work will be performed worldwide and is expected to be completed November 2014.
J.F. Lehman Sells Northeast Ship Repair
J.F. Lehman & Company, a middle-market private equity firm focused on the maritime, defense and aerospace sectors, announced today that it has sold its portfolio company, Northeast Ship Repair, Inc. to affiliates of Plexus Capital and NewSpring Capital. The sale of Northeast Ship Repair follows J.F. Lehman's recent sales of ACR Electronics and Drew Marine, both announced on November 19. Northeast Ship Repair is a provider of large vessel maintenance, repair and overhaul services for the U.S. Government noncombatant fleet and commercial customers.
Newly Merged Drew Marine and ACR under New Ownership
Drew Marine announced it is merging with ACR Electronics, Inc., a global provider of safety products and solutions to the aviation, marine, military and commercial markets worldwide. ACR’s core products include life-saving devices such as rescue beacons, safety lights, and other safety equipment which have been sold for decades under the ACR and Artex brands. Drew Marine is a global provider of technical solutions and services to the maritime and offshore industries specializing in fire, safety and rescue (FSR), water treatment, maintenance chemicals, fuel management and welding and refrigeration products. “The addition of ACR to Drew Marine is part of our strategy to expand our offerings in the safety and rescue markets,” said Len Gelosa, Drew Marine President and CEO.
Drew Marine Sold on to The Jordan Company by J.F. Lehman
Leading middle-market private equity firm focused on the maritime, defense and aerospace sectors, J.F. Lehman, has sold its portfolio company Drew Marine to affiliates of The Jordan Company. With a corporate heritage that dates back to 1928, Drew Marine is the leading independent global manufacturer and provider of advanced performance chemicals and safety solutions to virtually every sector of the international maritime and offshore markets. Terms of the transaction were not disclosed. Since acquiring Drew Marine in 2009, J.F. Lehman worked successfully with the companys management team to reinvigorate Drew Marine's core business of providing global maritime customers (representing over 11…