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March 2014 Issue
Turkish, Dutch Maritime Companies Seek Opportunities for Cooperation
The rapid growth of Turkish ports and maritime sectors is creating interesting opportunities for bilateral cooperation between Turkish and Dutch maritime companies. New product-market combinations in the fields of sustainable shipping, port development and fleet renewal can lead to mutual benefits and growth.
A new market study from Maritime by Holland describes the growth of the Turkish maritime transport sector, as well as new opportunities for Dutch engineers and consultants, manufacturing industries and logistic partners in this emerging market.
AXYS Technologies Signs GeoSystem Research Corp.
AXYS Technologies Inc. (Sidney, Canada) appointed GeoSystem Research Corp. (GeoSR), based in Gunpo, South Korea, as its new agent for the Republic of Korea. The agreement includes representation of AXYS's marine product line and the WindSentinel wind resource assessment buoy.
GeoSR has secured two project contracts. With the first contract, GeoSR has supplied a TRIAXYS Next Wave Directional Wave Sensor to the Korean Meteorological Administration for acceptance into its wave monitoring program. The second project required GeoSR to provide a TRIAXYS Directional Wave Buoy to the Korean Hydrographic and Oceanographic Administration.
Supplier of Subsea Survey Equipment Renamed
Sonar Equipment Services (Great Yarmouth, England) will now trade under the name of Subsea Technology & Rentals (STR) to reflect the broader range of products and associated services they now supply to the subsea sector following a restructure and investment in premises, people and equipment.
STR has made several investments in its research and development capability, a new building with larger workshop area and new test facilities. The company is currently looking to recruit 10 technical and sales support staff, with more jobs to be created.
DNV GL takes 24 Percent Ownership in StormGeo
StormGeo (Bergen, Norway), a global provider of weather and asset risk management for the offshore, shipping, renewable, aviation and media sectors, has acquired Applied Weather Technology (AWT), based in Silicon Valley, California. DNV GL (Høvik, Norway) has converted loans and invested an additional NOK 50 million to secure 24 percent ownership in the company.
AWT has 11 offices in seven countries and supports about 5,000 ships per day with routing guidance and operational efficiency.
Ownership Changes for Reef Subsea
Reef Subsea (Bergen, Norway) announced a change in its ownership structure with HitecVision (Stavanger, Norway), acquiring all of the shares of GC Rieber Shipping (Bergen, Norway). The change enables Reef Subsea to provide integrated services, including subsea construction and IMR, installation and trenching of cables and umbilicals, and seabed dredging and excavation services.
iSURVEY Group Announces UK Growth Plans
iSURVEY Group (Oslo, Norway) is establishing a new Aberdeen-based entity supporting clients operating in the U.K., North Sea and other global regions, including the Mediterranean Sea and Africa. Recruitment has started, with plans to have 30 staff in place by the end of 2014. The move represents a £500,000 investment and signals confidence in the region as an opportunity for growth.
Recruitment will remain a strong focus for iSURVEY throughout 2014, with plans to rapidly increase the team of offshore and onshore personnel.
Acquisition of Mooring and Loading Systems Unit
Cargotec's MacGregor (Helsinki, Finland) has completed the acquisition of the mooring and loading systems unit from Aker Solutions (Fornebu, Norway). Cargotec announced the agreement to acquire the unit in October 2013 for an enterprise value of approximately €180 million. The unit will be consolidated into MacGregor's results in February 2014.
ABS to Class its First Japan-Flagged Vessel
ABS (Houston, Texas) has been selected by Offshore Japan Corp. (OJC) to class its anchor handling tug supply (AHTS) vessel.
The vessel, featuring bollard pull of 150 tons and dynamic positioning-2 certification, will be built by Japan Marine United Corp. (Tokyo, Japan) for delivery in February 2016. Construction will comply with 2013 ABS rules for building and classing offshore support vessels and also take account of requirements applicable to all vessels flying the Japanese flag.
Maritime & Merchant AS Granted Banking License
Maritime & Merchant AS (Oslo, Norway) has received regulatory approval to operate a private bank in Norway, underpinning the firm's strategy to become a niche financial institution dedicated to meeting the funding needs of owners active in the shipping and offshore industries worldwide. The company will emphasize providing mortgage-based lending. Over the past years, the introduction of stricter capital requirements, in combination with the financial crisis, have forced many banks to either discontinue lending to owners, or scale back on activities in ship finance.
Proteus and TCarta Marine Team to Offer Bathymetry
Proteus FZC (Abu Dhabi, United Arab Emirates) has teamed with TCarta Marine LLC (Cheyenne, Wyoming) to offer complete bathymetric data sets from the shallow, nearshore coastal zone out to the continental shelf.
Proteus's product-generation technology can be carried out in a fraction of the time and cost of traditional methods. These mapping projects have been delivered for environmental, oil and gas, marine biology and other coastal zone applications in Europe, the Middle East and Caribbean.
Total Lubmarine Expands Product Availability
Total Lubmarine (Paris, France) announced an expansion in availability of its marine lubricants, which will see key products from its portfolio supplied at Lebanon's major ports. Total Lubmarine's cylinder, trunk piston engine and system oils, including the ATLANTA, AURELIA and TALUSIA range, are now available at the ports of Tripoli and Beirut. The expansion makes Total Lubmarine the first major lubricant provider to supply products in Lebanon, and the decision to expand availability comes amid a significant increase in the country's shipping activity during the last two years.
Blyth Workcats to Build New Boat
Blyth Workcats (Canvey Island, England) is to supply a new 11-meter dive boat to the Mevagh Dive Centre for use in the Western Atlantic off County Donegal, Ireland. The catamaran, to be named the Laura Dean, is scheduled for delivery in April 2014. It will then begin work transporting groups of up to 12 recreational divers to dive sites in the region, many of which include the wrecks of ships sunk along the Irish coast.
Record Broken for Flooded Tunnel Inspection
Inside Australia's Snowy Mountain hydro scheme, Hibbard Inshore (Auburn Hills, Michigan) say they have broken the record for the longest tunnel inspection by a tethered vehicle using their long-range vehicle, the Saab Seaeye (Fareham, England) Sabertooth.
There was no need to drain the tunnel system, which saved closing down several power stations. During a round-trip of more than 24 kilometers, Hibbard Inshore's customized Sabertooth AUV/ROV collected real-time visual data while scanning the tunnel with multibeam sonar.
Proserv Acquires KRG Industries Ltd.
Proserv (Westhill, Scotland) has bolstered its subsea manufacturing capabilities and specialist integrated services after completing the acquisition of KRG Industries Ltd. (Coatbridge, Scotland). Proserv has acquired the entire share capital of KRG Industries from majority shareholder Torishima Pump Mfg. Co. Ltd. (Osaka, Japan). KRG provides services including machining, welding, inspection and testing.
Production of Seaglider Begins
Kongsberg Maritime (Kongsberg, Norway) has started full-scale production of the Kongsberg Seaglider AUV from a new fabrication center at its facility in Lynnwood, Washington.
This follows the acquisition of the exclusive license to develop, manufacture and market the innovative Seaglider system from the University of Washington in May 2013.
Deep Casing Tools Sets World Record
Deep Casing Tools (Aberdeen, Scotland) set a world record in Saudi Arabia for the longest tool run. The turbine-powered reaming capability of the Turbocaser Express enabled the new record of 26,318 feet to be reached. Without rotating the string, 2,250 feet of open hole was reamed over a six-hour period.
The new record also included running the longest 7-inch liner (16,750 feet) right to the target depth. The previous record was set months before by another 7-inch Turbocaser Express.
2015: JAN | FEB
2014: JAN | FEB | MARCH | APRIL | MAY | JUNE | JULY | AUG | SEPT | OCT | NOV | DEC