Marine Link
Sunday, January 21, 2018

New Business News

ABS Rolls Out New Fleet Management Software

(Photo: ABS)

ABS announced the release of its Nautical Systems (NS) Enterprise fleet management software, including NS Insight, a new business intelligence module. The NS solution provides complete capabilities to plan, execute and document all compliance work processes. The release includes a new cloud-based NS Voyage Manager, the latest mobile applications, an expanded NS Autologger, and enhancements to NS Health, Safety, Quality and Environmental (HSQE) Manager. “Effectively managing compliance is a core business objective for our clients,” said ABS Chief Digital Officer, Howard Fireman.

Finnegan Joins Drew Marine As Manager

The Drew Marine Division of Ashland Specialty Chemical Company has elected John C. "Jack" Finnegan as manager of new business development. Finnegan, who comes to Drew Marine from Newport News Shipbuilding, will be responsible for identifying and developing new business opportunities to expand the range of products and services Drew Marine offers to the marine industry. He will also manage start-up operation and global implementation for the company's new business ventures and product lines.

ACL Gets Over $30m of New Business

American Commercial Lines Inc. (ACL) has launched the organic growth initiative of its business strategy. ACL's organic growth model includes transporting more freight with its existing customers as well as converting rail and truck shipments to move via barge transportation. Commenting on the new business, Mike Ryan, Senior Vice President, Sales and Marketing stated, "We have successfully introduced ACL as a shipping alternative to a broad spectrum of shippers. We have recently secured over $30 million of contractual commitments for new business in 2007. The new business includes various commodities, including coal, chemicals and metals. One meaningful example is a conversion of chemicals, which were previously shipped by rail from the Midwest for export thru the Gulf.

Aker Kvaerner Streamlines Operations

Aker Kvaerner launched an internal process that will lead to the creation of one, new business area that integrates the operations of its current Maintenance, Modifications and Operations business area (MMO) and Field Development business area (FD). The new business area will have nearly 8,500 own employees - including more than 2 300 engineers. "We do this to streamline our operations - to further sharpen our commercial edge to win new projects in new and current markets. This initiative will strengthen our ability to develop new business opportunities - and to deliver on our strategic targets," says Simen Lieungh, President & CEO at Aker Kvaerner. "The reorganization gives a leading engineering capability, with enhanced flexibility to further optimise our services offering and capacity.

MHI's Entity to Oversee Material Handling Equipment, Engine and Turbocharger Businesses

Organizational Structure Courtesy MHI

Today Mitsubishi Heavy Industries, Ltd. (MHI) decided in principle to launch a new wholly owned entity to integrally oversee its current businesses in material handling equipment centered on forklift trucks, engines and turbochargers. The new entity will serve as an independent management body to provide integrated and swift responsive oversight of these three core businesses. Under this initiative, MHI looks to generate synergy benefits, streamline its organization, and explore new fields as a way of significantly strengthening its competitiveness.

Shepherd Joins Bibby Offshore's Renewables Team

Dorothy Shepherd (Photo: Bibby Offshore)

Bibby Offshore, a subsea services provider to the oil and gas industry, has appointed Dorothy Shepherd as general manager, renewables. Shepherd joins Bibby Offshore with more than 15 years’ experience in the energy industry. Having spent a significant time at The Crown Estate - a key player in supporting the delivery of energy supply for the U.K. - Shepherd brings with her a wealth of offshore renewables knowledge, including the delivery of new developments and supporting infrastructure. In her new role, Shepherd will be instrumental in the delivery of new business in the renewables sector.

Reamco Opens Office in Aberdeen

Jamie Shepherd

Reamco Inc. announced the opening of a business development office in Aberdeen, Scotland, said CEO Ashley Lane. The new business development office will enable Reamco to better communicate with existing clients and aid in obtaining new business throughout the region. The office will be responsible for business development in the North Sea, Europe, Middle East and Africa. Tasked with developing the Aberdeen office, Jamie Shepherd joins Reamco with nearly 40 years of experience in the oil and gas industry.

OMM Launches New Business

Offshore Marine Management (OMM) has launched a new survey and subsea business this week, which will focus on surveying, cable and structural subsea inspection and subsea engineering. Recently appointed Director of Survey and Subsea, Arron Burrows said this new business offers clients an all-inclusive “one stop shop” for cable solutions - with survey, inspection and final deliverables - and will mean an overall better service. The new business offers data analysis and management using the latest hardware and software technology to support cable-related works both onshore and offshore. This includes a geographic information system (GIS) suite complete with digital video data integration for annual inspection data integrity and remedial activity monitoring.

K-Line Rolls Out UAE Logistics Firm

 Image: K Line Europe Ltd

Japan-based Kawasaki Kisen Kaisha (“K” Line) and Sharaf Group have established a new firm, K Line Shipping & Logistics (KLSL). Based in Dubai, UAE, KLSL will carry out businesses in the fields of marine transportation, logistics, land transportation, air cargo transportation, warehousing and supply chain solutions. The company will aim to develop new businesses through a network actively, "K" Line and Sharaf Group. K Line Shipping & Logistics (KLSL) is said to be the first affiliate of a Japanese shipping line to operate in the Middle East.

Jee Appoints Business Development Director

Nigel Ross

Jee Ltd., an independent multi-discipline subsea engineering and training company, has appointed Nigel Ross as Business Development Director. Based in the company’s Aberdeen office, Mr. Ross will be responsible for ensuring the business continues to meets its ongoing strategy for growth by further developing relationships with key customers and seeking new business opportunities to support long-term growth plans. Mr. Ross has more than 20 years of experience in business development and sales management within the oil and gas industry.

Hendry Marine Launches Business Development Team

Kristen Chittenden (Photo: Hendry Marine Industries)

U.S. tug-barge shipyard Hendry Marine Industries, Inc., (HMI) has launched a new business development team, with Kristen Chittenden appointed Director of Business Development, and Eric Smith named VP & Chief Commercial Officer. Chittenden and Smith will work closely with Hendry Marine’s CEO and president, Jim Long, the executive leadership team and its various subsidiaries to set company strategy and develop new business opportunities. Chittenden has served as Associate General Counsel for Hendry Marine for the past three years…

Marlink Opens New Operations Center in Houston

Marlink, a supplier of integrated satellite communications equipment and network services has opened an expanded regional operations center in Houston, Texas to meet growing demand from it's maritime and offshore industry customers. Marlink's expansion of its Houston center follows closely the opening of business facilities and support centers in Oslo, Dubai, and Singapore in the second half of 2006. The new business offices and technical facilities in Houston will also serve as Marlink's regional headquarters responsible for coordinating company business activities throughout North and South America. The new Americas headquarters will provide both North American and Latin American markets with a comprehensive suite of satellite services that will evolve with customer requirements…

OSI Wins Navy Deal

Offshore Systems International Ltd. class submarine fleet. Australian submarine fleet to $1 million. $600,000 contract for other specialized components for the Collins submarines. Jacobson, President and CEO.

Adanis to Build Ships

Reports indicate that the Adani Group is to announce a joint venture agreement for shipbuilding soon. It is said the group will invest in the new business and that it was in talks with European, Japanese and Korean shipbuilders for a joint venture. The new venture will likely be involved in the repair and maintenance of vessels. Shipping industry officials said the group had enough financial muscle for the new business. The venture into the shipbuilding industry marks a forward integration from the ports business for the Adani group, said a shipping industry official. The Mundra port already has 5,000 acres of land available for infrastructure development. The port is the largest private port in India, capable of handling more than 100m tonnes of bulk, liquid or containerised cargoes.

BP to Separate U.S. Shale Assets into New Business

British oil company said it planned to separate its onshore U.S. oil and gas assets, including its shale resources, into a different business which it would own but which would be managed by a different team. "This move is expected to help unlock the significant value associated with BP's extensive resource position in the U.S. Lower 48 onshore," the company said in a statement on Tuesday, ahead of a management presentation on its strategy in London. The new business consists of an extensive unconventional or shale resource of around 7.6 billion barrels of oil equivalent, BP said, adding that it would start to disclose separate financials for the new business from 2015.

HK's COSCO International Reports Strong Profit Growth

For the  six months ended 30th June 2014, shipping services provider COSCO International has announced that its 2014 Interim Results show strong profit growth with Net Profit up 45% YOY. Strong profit growth: profit attributable to the equity holders surged by 45% to HK$190 million. Rebound of 374% YOY in profit contribution from the Group's joint venture, Jotun COSCO. Dividend: the Board has declared an interim dividend of 3 HK cents per share, increased by 50% YOY. Strong cash position: the Group had net cash of HK$6 billion as at 30th June 2014, which will support business expansion in the future. Mr. "With the advantages of strong cash position…

Rolls-Royce Merges 2 Subsidiaries for Better Engine Life Management

Image

Rolls-Royce today announced the merger of two wholly owned subsidiaries, Aero Engine Controls (AEC) and Optimized Systems and Solutions (OSyS), to form a new business, Controls and Data Services (CDS), which will continue to operate as part of the Rolls-Royce Group. The new business will bring together equipment sensors, controls and monitoring systems with performance analysis and health management services, delivering greater asset intelligence at a faster pace. Colin Smith…

Teekay, KOTUG JV In Australian Towage Market

Teekay Shipping Australia Pty Ltd. (Teekay) and KOTUG International B.V. The Netherlands (KOTUG) today announced the establishment of a new Joint Venture (JV) company, called KT Maritime Services Australia Pty Ltd, to pursue new business opportunities in the Australian towage market. “We believe there are new opportunities for trusted and experienced companies like Teekay and KOTUG to provide superior towage services at existing and greenfield terminal developments,” commented Ard-Jan Kooren, CEO of KOTUG. “The JV between Teekay and KOTUG will bring together complementary skills from each partner. At KOTUG, we have many years of practical and technical experience in the towage field, including the deployment of our highly maneuverable RotorTug technology.

London Club increases tonnage

The London P&I Club took on about a million gross tons of new business at renewal on February 20 this year, bringing its total entry to thirty million gross tons. In all, over the course of the 12 months leading up to renewal, the Club has grown by more than two million gt. In addition, it currently has newbuildings entered for Freight, Demurrage & Defence risks amounting to 2.3m gross tons. Additions included five vessels from Worldwide Shipping, five from Tomasos Bros, and four from Iris Lines. There was also an influx of new business from existing members. Transmed transferred five vessels, Shun Tak fourteen, Gemarfin ten, Fafalios three, and Norland one.

Marlink Expands to Dubai

Marlink officially announced that it is establishing a new business entity in Dubai, United Arab Emirates: Marlink FZ LLC. The new business will be located in Dubai's Internet City and the company has plans to expand operations and increase technical and sales support in order to serve its growing roster of shipping companies and maritime customers operating throughout the region. Marlink is now strategically positioned to rapidly attend to the communications requirements of its maritime customers operating in the Middle East, reducing equipment installation and configuration downtime and ensuring shipboard satellite communications are ready to go when the vessel is scheduled to embark.

Aker Yards Integration Process Moves into Implementation Phase

Aker Yards has announced its new business model for its shipyards in business area cruise & ferries. The new business model, presented today to the management and employee representatives, is the result of a 100 days integration process in which 12 task forces in France and Finland have analyzed the two ways of doing shipbuilding. Best practices, efficient organizations and fixed costs were reviewed and compared. This process resulted in about 150 initiatives to be implemented over the next three years worth in the magnitude of 100 million euro in savings, among which some 40 million for Finland. The five main initiatives are the focus on core competencies…

Aveva: Navies Can Reduce Project Cost, Risk and Timescales

Photo: Aveva

Aveva today announced its publication of a new business paper, “Taking Command: How Aveva technology can increase capabilities in naval fleet management.” In this paper, Aveva examines six ways that navies can exploit technologies used in other sectors, such as the offshore industry, to work more closely and effectively with the shipbuilders with whom they partner. The objective is to avoid many of the unnecessary difficulties that can often be encountered in what are already challenging engineering projects.

Rand Adds New Business for 2014

Kaministiqua (Photo: Rand Logistics)

Rand Logistics, Inc. announced that it has secured additional new long-term contractual business for the 2014 sailing season, totaling in excess of 250 sailing days. These contracts, a combination of new business, market share gains and organic market growth, are expected to help rebalance the company's 2014 sailing season commodity mix to levels more consistent with prior years and improve existing fleet operating efficiencies. "We have been successful in leveraging our network and efficient operations to capture market share and meaningful new business for the 2014 sailing season…

Maritime Reporter Magazine Cover Dec 2017 - The Great Ships of 2017

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

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