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A consortium led by European investment fund manager STAR Capital and Belgian holding company Ackermans & van Haaren (AvH) has completed the acquisition of one of the world’s largest shipmanagers V. Group. The company was bought from Advent International, a private equity firm that purchased the firm in late 2016 from OMERS Private Equity. According to …
https://splash247.com/european-consortium-wraps-up-acquisition-of-v-group/
https://splash247.com/european-consortium-wraps-up-acquisition-of-v-group/American Bureau of Shipping (ABS) has issued approvals in principle (AiPs) for a range of jetty-less new energy terminal concepts to move frequent, large-volume ammonia transfers away from shore, developed by SBM Offshore’s division IMODCO Terminals.IMODCO…
https://www.marinelink.com/news/imodcos-terminals-offshore-ammonia-517227
https://www.marinelink.com/news/imodcos-terminals-offshore-ammonia-517227Technology group Wärtsilä, in partnership with Chevron Shipping Company, plans to convert one engine on six of Chevron Transport Corporation LNG Carriers from dual-fuel (DF) to spark gas (SG) operation to reduce methane emissions.The conversions…
https://www.marinelink.com/news/wrtsil-convert-engines-chevrons-lng-517228
https://www.marinelink.com/news/wrtsil-convert-engines-chevrons-lng-517228McDermott and BW Offshore have entered into a collaboration to advance the technical and commercial viability of offshore blue ammonia production aboard a floating production storage and offloading (FPSO) facility.The strategic partnership aims…
https://www.marinelink.com/news/mcdermott-bw-offshore-team-blue-ammonia-517229
https://www.marinelink.com/news/mcdermott-bw-offshore-team-blue-ammonia-517229A 30-metre long ship struck a reef and sank off the coast of Greenland on Thursday, while its four crew members were evacuated to safety, local police said.The ship had some 15,000-20,000 liters of diesel in its tanks and a further 1,000 liters of engine oil, and protective barriers were placed in t
https://www.marinelink.com/news/ship-sinks-off-greenland-crew-members-517231
https://www.marinelink.com/news/ship-sinks-off-greenland-crew-members-517231Kohler Energy, a provider of energy solutions, including power generation, energy storage, and renewable energy technologies, has rebranded under its new corporate name Rehlko.Rehlko will continue operating as an independent enterprise. The…
https://www.marinelink.com/news/kohler-energy-rebrands-rehlko-517236
https://www.marinelink.com/news/kohler-energy-rebrands-rehlko-517236Metal Shark, a Louisiana-based boat builder, has delivered the first of two cutting-edge 50-foot welded-aluminum fireboats to the Anne Arundel County Fire Department in Annapolis, Md. These new vessels are set to enhance emergency response capabilities across Chesapeake Bay…
https://www.marinelink.com/news/metal-shark-delivers-first-two-fireboats-517238
https://www.marinelink.com/news/metal-shark-delivers-first-two-fireboats-517238Malaysian offshore vessel player Coastal Contracts is expanding its fleet with newbuilds in China. The Bursa Malaysia-listed firm has contracted Fujian Funing Shipbuilding, a Fujian Shipbuilding Industry Group subsidiary, to build a pair of 85-m-long subsea support and maintenance vessels. No price or delivery date has been revealed for this order. The newbuilds will be …
https://splash247.com/coastal-contracts-seals-newbuild-brace-in-china/
https://splash247.com/coastal-contracts-seals-newbuild-brace-in-china/Punit Oza, founder of Singapore consultancy Maritime NXT, takes issue with this week’s comments from the head of the International Union of Marine Insurance (IUMI) who said he felt globalisation was coming to a close. I recently read the head of IUMI state that globalisation is at its end. As an industry professional and as …
https://splash247.com/why-globalisation-is-still-flourishing/
https://splash247.com/why-globalisation-is-still-flourishing/Providing some respite for one of Europe’s largest shipyards, Damen Shipyards Mangalia has just won two ship repair contracts, despite being insolvent since June. The Romanian yard has won a contract to repair two Maltese-flagged ships, with the one-month work set to start by the end of this year. “This step is also important from …
https://splash247.com/damen-mangalia-wins-repair-contract/
https://splash247.com/damen-mangalia-wins-repair-contract/