Vigor, MHI Acquired and Merged
In one a dramatic U.S. shipbuilding and repair move it was announced today that The Carlyle Group (NASDAQ: CG) and private equity firm Stellex Capital Management signed a definitive agreement to acquire and merge Vigor Industrial LLC, an infrastructure, defense, and maritime services company based in Portland, Oregon, and MHI Holdings LLC, a ship repair, maintenance, and other ship husbandry services company based in Norfolk, Virginia.The transaction, subject to customary closing conditions…
Miami Delegation Returns to Port of Cape Town
Transnet National Ports Authority (TNPA) welcomed a high-level delegation from the Miami-Dade County in the United States for a tour of South Africa’s second busiest port, the Port of Cape Town, on Tuesday, March 26, 2019. The visit formed part of the Miami-Dade Business Development Mission to South Africa from March 24 to March 27, 2019.The Miami-Dade delegation was led by Ms Audrey M. Edmonson, Chairwoman of the Miami-Dade County Commission. She was joined by senior representatives of entities including Miami-Dade Aviation Department…
Singapore Tops World's Shipping Centre Rankings in 2018
Singapore has emerged as the world's top maritime center for the fourth consecutive time in the Xinhua-Baltic International Shipping Center Development Index. "Singapore remains unmoved at the top of the International Shipping Centre Development (ISCD) Index for the fifth successive year, following a benchmark report published today (10 July 2018) by the Baltic Exchange and Xinhua, China’s news agency," said a press release. The index covers 43 of the world’s largest ports and…
Intermarine UK Opens New Facility
Maritime engineering company Intermarine UK has unveiled growth plans after investing a six-figure sum in a new 2,400sqm fabrication and welding facility at Portland Port in Dorset, U.K. creating up to 60 new jobs for local people in the next two years. The move sees Intermarine UK sign a 20-year lease and move its U.K. head office from Bridgend to Portland Port, a former naval base and the world’s second largest manmade harbor. Inter Marine Group President Slawomir Kalicki said the Polish owned company will start operations from March offering ship repair services at Portland.
Double Certification for Albwardy Damen
Albwardy Marine Engineering/Damen Shipyards Sharjah has recently received two quality management certifications: the first involving the new ISO 9001:2015 Management System Certificate awarded by Lloyd's Register Quality Assurance (LRQA), and the the second is the American Petroleum Institute’s API Specification Q1. At a recent presentation at Albwardy Damen’s facilities in the Sharjah Hamriyah Free Zone of the United Arab Emirates, representatives from LRQA awarded the yard the ISO 9001:2015 certificate.
TAS Offshore Sees Another Vessel Deal Axed
Malaysia’s shipbuilding and ship repair services firm, TAS Offshore, has received yet another termination of a shipbuilding contract from the same client, this time for an offshore construction vessel (OCV). TAS Offshore’s wholly-owned subsidiary, TA Ventures, received the notice of termination from QMS1 Offshore Services (QMS1). In a filing with Bursa Malaysia, the shipbuilder said the latest contract, valued at US$11.7mil (RM45.8mil), was for the construction of an offshore construction vessel with the delivery date being Dec 11, 2015.
Tsuneishi to Invest in Indonesia Shipyard Business
Japanese shipbuilding and maritime transport company Tsuneishi Holdings will invest up to $40 million to open ship repair services in Indonesia amid increasing efforts by the government to boost the archipelago's maritime industry, reports Jakarta Globe. Yasuharu Fushimi, chairman and president at Tsuneishi Holdins, said in a statement: "We see a big potential in Indonesia's shipping industry. Tsuneishi's venture into Indonesia is estimated to create up to 1,000 jobs, says the statement.
Tsuneishi Seeks Foothold in Indonesian Shipyard Business
Japanese shipbuilding and maritime transport company Tsuneishi Holdings has expressed a commitment to invest up to $40 million to open ship repair services in Indonesia, reports The Jakarta Globe. The Hiroshima Prefecture-based company plans to invest US$40 million in a ship repair project in Indonesia, chief of the Capital Investment Coordinating Board (BKPM) Franky Sibarani said. Tsuneishi made the commitment at a meeting in Fukuyama with Franky Sibarani when the latter visited Japan last Monday as part of increasing efforts by the government to boost the archipelago’s maritime industry.
The Gulf Set to Rival China's Ship Repair Capacity
“The Middle East is a world-class centre of excellence for ship repair with a number of well respected shipyards already offering a diverse range of services. We are seeing new joint ventures between the region and Asia in the dry dock sector, with the Gulf set to offer the largest ship repair capacity outside of China,” noted Chris Hayman, Chairman of Seatrade, organisers of Seatrade Middle East Maritime. International and regional shipping operators, ports, financiers and maritime…
Resolve Marine Group Acquires Magone Marine Services
Resolve Marine Group, based in Fort Lauderdale, Florida has agreed to acquire Magone Marine Services of Western Alaska. The result, say Resolve, will be a greatly expanded, emergency response and marine services company that combines the local expertise amassed by Magone Marine’s Alaskan salvors with the extensive resources, personnel, and vast salvage & wreck removal experience of Resolve Marine Group. The newly-formed business will be named Resolve-Magone Marine Services…
Five Minutes with Bill Clifford, President, BAE Systems Ship Repair
How did you come to your current position? Clifford I currently serve as the president of BAE Systems Ship Repair and have been in this position since 2008. In this role, I lead our six full service shipyards and our 5,000 highly skilled employees. Prior to assuming my current role, I was the vice president and general manager of BAE Systems Norfolk Ship Repair. Before joining BAE Systems, I spent more than 20 years in the private sector serving in senior management positions at several shipyards.
Launching India into the Global Shipbuilding Competition
Shipbuilding has always been close to his heart, but Vijay Kumar’s greatest desire is to see his country, India, exploit the benefits of shipbuilding for the greater good of India’s economy as a whole. To date, the shipbuilding business in India has come with more promise than production, with its market share at a mere one percent of global shipbuilding activity, Kumar, Managing Director of Bharati Shipyard Ltd., is determined to help grow the shipbuilding industry not just for the good of his company, but for the good of the country as a whole.