Cargotec Makes Waves in Maritime Startup Program
Cargotec, the Finnish company that makes cargo-handling machinery, has partnered with Rainmaking in September this year to establish a startup collaboration programme called Trade & Transport Impact.The programme connects world leading corporations and innovative startups to address the biggest challenges in maritime, cargo transport and logistics, said a press release.Applications to join can now be made, and Cargotec invites startups worldwide to join with us in the Rainmaking Trade & Transport Impact programme."Maritime logistics is full of inefficiencies throughout the value chain…
LNG Bulk Carrier Viikki Starts Baltic Sea Ops
The world's most eco-friendly bulk carrier m/s Viikki, owned by ESL Shipping, a subsidiary of the Aspo Plc, has started operating on the Baltic Sea.The 25,600-dwt vessel, 160 metres long and fuelled by liquefied natural gas, produces less than half of the carbon dioxide of previous vessel generation, thanks to LNG and many advanced technologies.M/s Viikki was built in China, and after completion first sailed to Japan to load a cargo of raw materials. From there, she arrived to the Baltic Sea through the Northeast Passage…
MacGregor Cleared to Acquire TTS' Marine & Offshore Units
MacGregor, a part of Cargotec, has yesterday received a clearance decision from the German Federal Cartel Office (Bundeskartellamt) for the company's acquisition of the marine and offshore businesses of TTS Group ASA, which was announced on 8 February, 2018. The completion of the intended transaction is still subject to regulatory approvals in China and South Korea. MacGregor expects to receive these approvals by the end of 2018 and to complete the transaction, according to the agreement, as soon as possible thereafter.
MacGregor Signs LOI with CSSC
MacGregor and China State Shipbuilding Corporation (CSSC) have signed a Letter of Intent (LOI) on strategic cooperation. The LOI was signed on October 29, 2018 at an executive level meeting in Beijing led by Lei Fanpei, the CSSC Chairman and Michel van Roozendaal, MacGregor President.MacGregor sees that this cooperation will further strengthen its presence in Asia and specifically in China, the world's biggest shipbuilding market. CSSC is a very important partner for MacGregor, as it is the primary shipbuilding group in China and well positioned as a global leader in the industry.The LOI relates to MacGregor's planned acquisition of the marine and offshore businesses of TTS Group and future cooperation potential between the two groups.
MacGregor Hatch Cover Sets for Eight Container Vessels at HMD
MacGregor, part of Cargotec, has secured orders from Hyundai Mipo Dockyard (HMD), in South Korea, to design and deliver complete hatch cover sets and container fixed fittings for eight 1,800 TEU container ships. The order is booked into Cargotec's third quarter 2018 order intake, and delivery of the equipment is planned during 2019."HMD and MacGregor have had a long and fruitful cooperation over many years. Our customer has selected key equipment, such as hatch covers and fixed fittings…
MacGregor Launches Breakbulk Optimizer
MacGregor, part of Cargotec, has introduced a new breakbulk cargo stowage solution, the Breakbulk Optimizer, which enables operators to rapidly and optimally plan the stowage of many different cargoes."The MacGregor Breakbulk Optimizer is the first automated, cloud-based application for the optimized stowage of breakbulk and general cargoes," said Magnus Sjöberg, Senior Vice President, Cargo Handling, MacGregor. "It makes full use of MacGregor's expertise in cargo handling systems combined with Navis' expertise in loading computers and stowage planning know-how on container ships." Navis is also part of Cargotec.The new application from MacGregor optimizes breakbulk vessel stowage plans by taking into consideration all influencing factors including what cargo is already on board…
Partners Set Out to Develop a More Efficient Containership
A consortium of maritime industry stakeholders has set out to develop a higher performing and more environmentally efficient container vessel. The group, which is led by Dubai based Zaitoun Green Shipping Ltd (ZGS), also aims at creating a new business model for the container sector.The seven companies making up the consortium are each established experts in their own fields. The parties have agreed to establish a team where each member company has an important role to play in…
Zaitoun Green Shipping Forms Consortium for New Maritime Model
Dubai based Zaitoun Green Shipping has initiated, together with world leading companies in smart technology and solutions, a consortium to collaborate on radically improving performance of container ships and forming a new business model for this market.The consortium consists of the top international industry key players such as MacGregor, Mitsubishi Heavy Industries Marine Machinery & Equipment, Wärtsilä, Winterthur Gas & Diesel Ltd, Gaztransport & Technigaz (GTT), WIN GD, CargoTech and Carinafour.
MacGregor to Reveal Digital Advances at SMM
At this year's SMM exhibition, MacGregor, part of Cargotec, plans to unveil a new digital solution it says is set to change the face of breakbulk stowage. Alongside this, the company has developed other elements of its digital portfolio, MacGregor Smart, and will showcase these capabilities during daily presentations at the exhibition held September 4-7 in Hamburg, Germany.OnWatch Scout: building on years of remote-equipment access with offshore cranes, MacGregor will now offer a new intelligent prediction service for equipment on merchant vessels. MacGregor OnWatch Scout can predict and monitor upcoming critical issues and communicate them to customers, reducing unplanned downtime and giving back more cost control to the operator or owner of the equipment.
ESL Shipping Takes Delivery of LNG-fueled Bulk Carrier
Finnish dry bulk shipping company ESL Shipping has taken delivery of a liquefied natural gas (LNG) fueled bulk carrier named Haaga.The next-generation 25,600 dwt bulk carrier is 160 meters long and was delivered Monday to Aspo Group's ESL Shipping from Jinling Shipyard in Nanjing, China.LNG-fueled vessel generates less than 50% of the carbon dioxide emissions of the previous generation of vessels. The vessel can also be fueled by completely carbon-free biogas, once the availability…
New Tug Delivered for Kenya Ports Authority
A new tug, Eugene, constructed by Cheoy Lee Shipyards, Hong Kong, has been delivered to its owners Kenya Ports Authority, Mombasa, Kenya.The new tug, a RAstar 3200 designed by Robert Allan Ltd., has the following principal particulars:Length overall: 32 mBeam, molded: 12.8 mDepth, molded (hull): 5.37 mMaximum draft: 5.8 mEugene is classed and built according to the following Lloyd’s Register of Shipping notation: ✠100A1, Escort Tug, ✠LMC, UMS, Fire-Fighting Ship 1 with Water Spray…
Signs of Recovery in the US Gulf of Mexico
Today's U.S. auction of Gulf of Mexico exploration leases drew tepid response from oil companies, but marked notable progress for an industry still in a state of recovery.“While not a barn burner, Lease Sale 251 tops the previous Gulf sale in terms of increased participation, increased competition for offerings, and bid amounts,” said Randall Luthi, president of the National Ocean Industries Association (NOIA). “In addition, bidding activity demonstrates both continued interest in deepwater tracts and renewed interest in shallow water tracts.”Luthi continued…
Maritime Tech Trends Digital
With digitalization technologies sweeping through maritime, Henrik Segercrantz, Maritime Reporter’s correspondent in Helsinki, explores latest developments in the quest to harness the power of 'big data.'Wärtsilä's Smart Marine EcosystemWärtsilä continues to build its leadership resume in marine and energy markets, boasting net sales of $5.7 billion last year, supported by 18,000 employees with operations in more than 80 countries. Increasingly Wärtsilä is using ‘smart’ technologies in its growing scope of products for the maritime industry…
i-Tech Services Charter Pact with MMA Offshore
i-Tech Services, a Subsea 7 company, has signed a three-year charter agreement with MMA Offshore Limited as it looks to enhance its Life-of-Field (LoF) services and capabilities in the Asia Pacific region. The MMA Pinnacle, which will become the fifth vessel in i-Tech Services’ fleet, is a high specification vessel, designed and built to provide customers with a cost effective solution for offshore inspection, repair and maintenance (IRM) and light construction activities. The custom-built, remotely operated vehicle support vessel (ROVSV) is SPS compliant with accommodation for 100 people.
Flintstone Secures Contract for Tullow FPSO
Flintstone Technology Ltd said it has secured a contract with MODEC for its in-line tensioning and pull through connection mooring system to be deployed off West Africa.The system will be used on Tullow Oil’s Kwame Nkrumah MV21 floating production storage and offloading (FPSO) vessel located on the Jubilee field off the coast of Ghana.The mooring system will allow the conversion of the FPSO to a spread moored configuration.The Kwame Nkrumah MV21 is installed in approximately 1,100 meters water depth on the Jubilee Field, which is one of the largest oil fields discovered offshore West Africa in the past 10 years.Earlier this month, Flintstone…
CSSC Nanjing Luzhou, MacGregor Start Joint Venture
MacGregor, part of Cargotec, and China State Shipbuilding Corporation's (CSSC) Nanjing Luzhou Machine Co., Ltd. (LMC) celebrated the opening of a new joint venture in Nanjing, China on April 10. With common efforts from both parties, the joint venture will be gradually developed to be the center of excellence for air compressors. The cooperation will be expanded step by step to cover other suitable products in the future.The joint venture's business model and organizational structure were developed during 2017…
MacGregor, SeaFocus Join Forces
MacGregor, part of Cargotec, and an international maritime business platform, SeaFocus, have announced a collaboration agreement that will support the companies in creating new cooperation models to benefit maritime trade and drive industry innovation. "We are known for our innovative products and services," says Henri Paukku, Director, Cooperation and Funding, MacGregor. "We can see here the potential in the industry and an important partner for creating new ways of thinking and sharing best practises and to collaborate with universities and their students.
Oldendorff Conducts Trial Transshipment in India
German shipping company Oldendorff Carriers has conducted a new transshipment operation of coal between two vessels, in the deep, protected water of the Andaman Islands within the Bay of Bengal, India. The Andaman Islands are an Indian archipelago in the Bay of Bengal. There are roughly 300 islands, which are known for their palm-lined, white-sand beaches, mangroves and tropical rainforests. However, it was the deep and protected water that attracted Oldendorff Carriers to the Andaman Islands.
MacGregor Acquires Marine Business from TTS Group
MacGregor, part of Cargotec, has entered into an agreement to acquire the marine and offshore businesses from TTS Group, a global provider of cargo handling equipment and services for merchant and offshore ships for an enterprise value of EUR 87 million ($106 mln). The combination of the two businesses will produce greater scale and diversification and will strengthen MacGregor's portfolio and market position in key markets for cargo and load handling equipment. Based on preliminary estimates, potential cost synergies are estimated to be around EUR 30-35 million on annual level and are expected to be reached within three years from closing.
MacGregor Completes Rapp Marine Acquisition
MacGregor, part of Cargotec, said it has completed its EUR 16 million ($19.8 million) acquisition of Rapp Marine Group (RMG) after first announcing the deal in December 2017. "With MacGregor's Triplex deck handling portfolio we already today have a very strong position in the fishery and research vessel segment and the addition of Rapp Marine's team members and technologies further strengthens our position," said Høye Høyesen, Vice President, Advanced Offshore Solutions, MacGregor. RMG employs about 120 people with main locations in Norway, the U.S. and U.K. "Our team is happy to join MacGregor. Customers can benefit from the wider portfolio of safe and efficient equipment from one provider to their specific vessels…
Driver-less Ships: Autonomy in the Maritime Sector
In a show of prototypes, a pod of unmanned sailboats from around the world competes to cross “The Atlantic” test tank in Horten, Norway. Cross the real ocean, and the Sail Bots race similarly challenges scholarly robotic-vessel designers to North America for a bit of station-keeping, collision-avoidance and “cargo moves”. For all, the future seems bright — the first commercial runs of unmanned vessels are underway or scheduled worldwide. These earliest movers have the support of governments, Google and grateful clients.
MacGregor Acquires Rapp Marine
MacGregor, part of Cargotec, has signed an agreement to acquire Rapp Marine Group (RMG) in order to strengthen its offering for the fishery and research vessel segment. The enterprise value of the acquisition was approximately €16 million ($19 million). With RMG, MacGregor is able to expand upon its existing portfolio which already includes various deck handling equipment, such as cranes and booms, to now offer complete solutions with advanced winches and related control systems.
MacGregor to Split Smart Ocean Technology Division
MacGregor, part of Cargotec, said it will reorganize its offshore and merchant shipping operations as part of a plan aiming to achieve €13 million in annual cost savings. Under the plan, MacGregor’s Smart Ocean Technology division will be divided into two new divisions: Cargo Handling and Advanced Offshore Solutions. The statutory cooperation negotiations have now been finalized, resulting in restructuring of operations and reducing approximately 170 full-time equivalents globally. The measures affect MacGregor operations in Norway, Germany, China and Singapore.