Cargotec, JCE Invest AB Form Joint Bulk Business
Cargotec has signed an agreement with JCE Invest AB to establish a joint venture, Bruks Siwertell Group, specialised in dry bulk handling. The new joint venture will own Siwertell AB (previously part of Kalmar Business Area within Cargotec) and BRUKS Holding AB (previously part of JCE Group). Both companies are world-leading suppliers of bulk materials handling solutions. Cargotec will own 48% of the shares in Bruks Siwertell Group, and JCE Invest AB will own the rest, 52%. The ownerships are included to venturers' consolidated financial statements in accordance with the applicable regulation.
Obituary: Walter Sellick – Founder, Sellick Equipment
Walter Sellick, founder of Sellick Equipment, passed away on January 10, 2017. He was 98. Walter is survived by sons Howard and David, daughter Heather, and many grandchildren and great grandchildren. Born in 1918, Walter was raised on a farm in Harrow, Ontario. He served in the Royal Canadian Air Force from 1941-1945 and was a life member of Royal Canadian Legion Branch #338. Walter managed a Ford tractor dealership for many years until 1968 when at the age of 50 embarked on a new career with sons Howard and David…
Statoil Acquires Minority Stakes in Lundin Petroleum
Statoil ASA has acquired 37,101, 561 shares in Lundin Petroleum AB (publ.), corresponding to 11.93 percent of the shares and votes, at a total purchase price of approximately SEK 4.6 billion. The investment in Lundin Petroleum will increase Statoil’s indirect exposure to core assets on the Norwegian Continental Shelf (“NCS”). “We consider this a long term shareholding. The Norwegian Continental Shelf is the backbone of Statoil’s business, and this transaction indirectly strengthens our total share of the value creation from core…
Berg Wins Brazil Order
Count Berg Propulsion as the latest marine equipment manufacturer to join the rush to Brazil, as the company reportedly has secured its first order in Brazil six months after opening its dedicated sales office in Rio de Janeiro. Three single screw bunker vessels ordered through shipyard Renave will be equipped with controllable pitch propellers and fixed pitch tunnel thrusters from Berg. On completion, the vessels will be delivered to client Delima and time chartered to Brazilian energy major Petrobras. Featuring an overall length of 71.6m, a molded breadth of 15m and a draft of 4.25m, these 2500 dwt vessels are destined to service Petrobras requirements for inland waterway transportation in Brazil when they are delivered in 2014.
Berg Propulsion’s Breakthrough Contract in Ukraine
Berg Propulsion has secured its first major contract from a Ukraine-based shipowner. The grain trader, terminal operator and transport company has placed orders for Berg Azimuth Thrusters as part of its multi-million dollar fleet investment programme. The BAT 416 units will be fitted to a series of new tugs, being built in the Ukraine. This is the biggest single order to date for the BAT azimuth thruster system, which was launched by Berg Propulsion in 2009. The negotiations for this important breakthrough contract were handled by the company’s office in Turkey.
Berg Propulsion Wins Six Vessel Order in Ukraine
Berg Propulsion secured a significant new reference in Ukraine covering installation of propulsion equipment on board six heavy-duty shallow draft pusher tugboats due delivery to grain trader and ship owner Nibulon. The vessels, to be built at Ukraine’s Wadan Okean Shipyard, will be ice strengthened for operation in harsh conditions to support transhipment operations, principally in the Dnieper River region. They will be used to steer barges by pushing or towing, service barges and other vessels in port, break ice in the winter, and support mooring operations. The order covers 13 (12 + spare) Berg Azimuth Thrusters (BAT) with control systems, with vessel deliveries scheduled for December 2010 through February 2011.
Brazil Breakthrough for Berg
Berg Propulsion report that it made a breakthrough into the Brazilian offshore vessel construction market, just a few months after creating a regional office in Rio de Janeiro. Berg won a contract to equip a 64m oil spill response vessel ordered by Astromaritima Navegacao at the Estaleiro Ilha (EISA) shipyard in Rio de Janeiro. Delivery of the vessel, which will operate for the Brazilian oil giant Petrobras, is scheduled towards the end of 2011. Berg was tapped to supply a comprehensive propulsion package, including azimuth and tunnel thrusters, all fitted with Berg’s condition monitoring system. Petrobras has recently announced plans to build over 140 offshore support vessels in order to expand and renew its fleet.
Berg Propulsion Selected for United Faith
Berg Propulsion’s feathering controlled pitch propeller has been selected by United Faith (Hong Kong) Group subsidiary Celestone Marine Engineering Co. Ltd, as part of a deal that looks to equip up to four state-of-the-art semi-submersible heavylift vessels with complete propulsion systems. The deal, which includes firm orders covering two vessels, plus options to equip a further two in the months ahead, will see installation of combination propulsion systems on each ship, involving traditional diesel engine plus electrically powered Azimuth driver systems from Berg, the Berg CPP with feathering capability, two Berg Azimuth Thrusters (BAT), and two Berg CP tunnel thrusters. The estimated delivery time for the Berg equipment is August 2011.
Berg Propulsion Becomes IMarEST Marine Affiliate
The , Science and Technology (IMarEST) Marine Partners scheme is the corporate partnership program of the IMarEST – the leading professional body for the global marine community. Under the scheme customized corporate packages are created for each of the Corporate Partners and Marine Affiliates who include companies, universities, research institutes and training colleges. One of the latest to join the IMarEST Marine Partners initiative as a Marine Affiliate is Berg Propulsion Technology AB, one of the world’s leading designers and producers of Controllable Pitch Propellers. “We are extremely pleased to welcome Berg Propulsion Technology as an IMarEST Marine Affiliate,” says IMarEST’s Chief Executive, Dr Marcus Jones.
Container Tracking System Installation Up 54 Percent in 2012
According to a new research report from the analyst firm Berg Insight, the number of active remote container tracking units deployed on intermodal shipping containers was 137,000 in Q4-2012, up from 89,000 a year earlier. Growing at a compound annual growth rate (CAGR) of 49.1%, this number is expected to reach 1 million by 2017. The penetration rate of remote tracking systems in the total population of containers is estimated to increase from 0.7% in 2012 to 4.1% in 2017. Berg Insight’s definition of a real-time container tracking solution is a system that incorporates data logging, satellite positioning and data communication to a back-office application. The market for container tracking solutions is still in its early stage.
Employee Representatives Elected to NORDEN Board of Directors
The new employee representatives will join the Board of Directors immediately following the annual general meeting, which will be held on Thursday, April 23, 2015. The present employee representatives Ole Clausen, Anne-Katrine Nedergaard and Lars Enkegaard Biilmann will withdraw from the Board of Directors immediately following the annual general meeting on April 23, 2015. However, Lars Enkegaard Biilmann will join the Board of Directors again as he has been reelected.
Berg appointed CEO of Viking Supply Ships
The Board of Viking Supply Ships AB (under name change from Rederi AB Transatlantic) has decided to appoint Christian W. Berg as CEO of the company with immediate effect. Christian will in parallel continue as head of the Viking Supply Ships business area just as today. Christian W. Berg is born 1968 and has since 2011 been head of the business area Viking Supply Ships, coming previously from Chief Commercial Officer in Siem Offshore (2008-2011) which is a company listed on the Oslo Stock Exchange.
International Bunkering Group Appoints New CEO
International Bunkering Group announced that a new CEO has been appointed as of June 1 2013. Mr. Christoffer Berg Lassen has been promoted from the position of International Sales Manager to Group CEO. Mr. Christoffer Berg Lassen has worked with the International Bunkering Group since early 2008 and he will replace the former CEO, Mr. Carsten Ladekjaer, who has accepted a position outside the International Bunkering Group. Mr. Christoffer Berg Lassen brings international expertise and has a background in the marine bunker and lubricant industry. Mr.
Caterpillar to Acquire Berg Propulsion
Caterpillar Inc. signed a definitive agreement to acquire Johan Walter Berg AB, including its core brand of Berg Propulsion, a leading manufacturer of mechanically and electrically driven propulsion systems and marine controls for ships. With the acquisition, Caterpillar will transition from selling only engines and generators to providing complete marine propulsion package systems. Headquartered in Öckerö Islands, Sweden, Berg has designed and manufactured heavy-duty marine thrusters and controllable pitch propellers since 1929.
NAVTOR AS, Nautic AB Launch Complete Navigation Solution
E-navigation specialist NAVTOR has joined forces with Nautic AB, a provider of navigational equipment, charts and publications to the Swedish market, to launch NAVTOR NAUTIC AB. This jointly owned operation, based in Gothenburg, Sweden, will now leverage the expertise of the two businesses to offer a navigational data package to the international shipping industry. This, NAVTOR Managing Director and CEO Tor A. Svanes says, created an obvious synergy and the potential for real customer benefits.
Caterpillar Acquire Berg Propulsion
Caterpillar Marine has acquired Johan Walter Berg AB, whose core brand, Berg Propulsion, is a leading manufacturer of mechanically and electrically driven propulsion systems and marine controls for ships. As a result of the acquisition completion, all Berg Propulsion products will be rebranded as Caterpillar. The new Cat® Propulsion System for optimized bundles and propulsion packages includes controllable pitch propellers, transverse thrusters, azimuth thrusters, aftermarket parts and remote control systems. All Cat Propulsion System products are ideally suited for the complete and comprehensive line of Cat and MaK™ medium and high speed engines.
Helgesson Tapped as Concordia Maritime CFO
On 1 October, Ola Helgesson will take up the position of CFO at Concordia Maritime AB after having held the position of CFO at Stena Line group. Ola Helgesson has long experience as CFO at listed companies and solid knowledge of shipping. He also has a broad CFO profile with expertise in consolidated financial accounting, financing and investor relations. “Ola has many years of solid and differentiated background as CFO in several different industries. Personally, I am looking forward to inspiring cooperation in developing our existing and future business”…
Concordia Maritime Appoint Kim Ullman President
Joakim (Kim) Ullman has been appointed President of Concordia Maritime AB with effect from 1 January 2014. Kim comes from Stena LNG where he has been CEO since 2012 and he will replace Hans Norén who will leave Concordia Maritime at the end of the year after ten years as president. “After a methodical search during the autumn, both externally and in the Stena AB group, the board of directors is very pleased that Kim Ullman has agreed to take over the helm at Concordia Maritime. There are few people in tanker shipping in the Nordic region with more solid qualifications than Kim.
Cat tackles Tier 3 and Tier 4; Completes Berg Deal
Caterpillar Marine and Power Systems was one of the most active companies at the 2013 International Workboat Show in New Orleans, debuting several new products that are compliant with EPA Tier 3 and 4 regulations, and finalizing the acquisition of propulsion equipment manufacturer Johan Walter Berg AB. Caterpillar Inc., which is one of the biggest names in industrial equipment, engines and turbines, recorded 2012 sales revenues of $65.9 billion. Contributing to that sum is Cat’s globally-operating subsidiary…
Berg’s Azimuth Thruster Breakthrough
Berg Propulsion signed a contract with Dubai Shipbuilding and Engineering to deliver its first two production units of Berg Propulsion Azimuth Thrusters (BAT) in early 2010. The BAT is wholly designed within Berg Propulsion Technology, the R&D company within the Berg Propulsion Group. Prior to the delivery of the first two production units, Berg Propulsion will deliver a full scale prototype that will be installed into a Survey Vessel in Sweden in June 2009 enabling Berg Propulsion Technology to evaluate the design, manufacturing and installation process.
Largest Berg Azimuth Thruster for Asian Order
Berg Propulsion has secured the first Asian reference for its Berg Azimuth Thruster (BAT), launched earlier this year, in what is also the first order to involve the product’s installation by a Chinese yard. Berg has signed a contract with Singaporean oil and gas field support and logistics contractor Teras Offshore to deliver its largest BAT units to date, in the shape of two 2,500 Kw (1,600 rpm) output BAT 730 units, as well as two BTT 519 tunnel thrusters. Berg Propulsion Singapore Production Facilities will deliver all units in August 2010 to CCCC Bomesc Marine Industry Co., Ltd. (Tianjin, China), for installation on board a 13,000 dwt deck cargo vessel, to work in combination with electric motors.
Mobilizing the Offshore Organization for Johan Sverdrup Field
The mobilization of up to 2,400 women and men who will work to hook-up, finalize and eventually start-up the Johan Sverdrup field in the North Sea.Later today approximately 150 people – plus crew from the flotel-operator ProSafe – will sail away onboard the floating accommodation vessel "Safe Zephyrus" from Mekjarvik outside Stavanger with the North Sea as their destination.When the flotel arrives at the Johan Sverdrup field this weekend, this will mark the beginning of the offshore…
I-Tech AB to List on Nasdaq First North Stockholm Exchange
I-Tech AB, the company behind the development of the antifouling ingredient Selektope, has applied for admission to trade the company’s shares on the Nasdaq First North Stockholm exchange.The first day of trading of the I-Tech AB (publ) company on Nasdaq First North is estimated to be May 28, 2018. The listing is preceded with a share issue of a maximum SEK 44.1 million ($4.9mln) . The company is valued at approximately SEK 200.4 million ($22 mln).The floating of the company’s shares on the Nasdaq First North stock exchange market will create a robust platform for continued growth and business development. It will enable I-Tech to invest in further opportunities in order to strengthen the business and to secure the ability to grow in the face of increasing customer demand.