Arab Shipbuilding and Repair Yard (ASRY) signs a long-term contract to repair Maersk vessels on preferential terms With 35 years experience in the shipbuilding and repair business, ASRY will repair Maersk ships operating in the Persian Gulf as required. In 2011 the yard repaired nine Maersk ships. Commenting on this agreement, Chief Executive Officer, of the ASRY Group Chris Potter, said: "I am very pleased to welcome Maersk company in the growing list of our customers."
Wärtsilä has acquired the UK-based propeller repair company McCall Propellers Ltd. The company's net sales are $12.7m with 33 employees. McCall Propellers is the largest marine propulsion support services company based in the U.K. specializing in emergency repair of propeller equipment. The acquired company has purpose-built repair facilities next to Glasgow Airport, and work is carried out either in the workshop or on site anywhere in the world.
LEEVAC Shipyards, LLC through its newly created subsidiary LEEVAC Shipyards Houma, LLC (LEEVAC) has completed the acquisition of substantially all assets of Quality Shipyards, Inc. (Quality) located at 3201 Earhart Street in Houma Louisiana from Tidewater Marine, LLC (NYSE: TDW). The acquisition of assets includes 35 acres of industrial property located on 2,500 feet of waterfront along the intracoastal waterway, 4 drydocks (the largest measuring 4,200 tons of capacity), 100
In line with the changing business pattern in the ship repair industry and new business opportunities in the fast growing fleet of lng carriers around the world, Malaysia’s Malaysia Shipyard & Engineering (MSE) has entered the lng repair business. The yard has demonstrated its ability to innovate, reposition and transform itself to cater to this specialised niche market and shown its commitment by investing substantially to build up lng repair capabilities and facilities
Bharati Shipyard reportedly plans to set up a modern shipbuilding yard along India's eastern coast in a 50:50 joint venture with Apeejay Shipping, according to a report on http://www.domain-b.com.The proposed shipyard, expected to start operations in 2009, would build ships and also be a ship repairing business. India's shipbuilding industry is expected to touch the $20 billion milestone by 2020. (Source: http://www.domain-b.com)
BAE Systems entered into a definitive agreement to acquire Atlantic Marine Holding Company (Atlantic Marine) from JFL-AMH Partners, LLC, a portfolio company of the private equity firm J.F. Lehman & Company for $352 million. Atlantic Marine is a privately held vessel maintenance, repair, overhaul and conversion (MROC), marine fabrication, and ship construction services provider with operations at Mayport and Jacksonville, Florida; Moss Point, Mississippi; and Mobile
Wärtsilä has signed an agreement to acquire the entire business of the South African company Marine Propeller (Pty) Ltd in Cape Town, South Africa. Marine Propeller (Pty) Ltd is privately-owned and focuses mainly on repairing propellers. A minor part of the business is casting small propellers. This acquisition will expand Wärtsilä's offering in South Africa to include propeller repair. The knowledge, good reputation and customers that Marine Propeller will bring provides a good basis
Wärtsilä has signed an agreement to acquire the entire business of the Swedish company Stockholms Fartygsreparationer AB. The agreement is worth 7.5 million Swedish krona (EUR 0.8 million). Stockholms Fartygsreparationer handles all types of ship repair on the eastern coast of Sweden and in 2005 had net sales of 8 million Swedish krona (EUR 0.9 million). The business will now be handled by Wärtsilä Sweden AB. Stockholms Fartygsreparationer's personnel of 10 persons will become Wärtsilä
Wärtsilä has signed an agreement to acquire the entire business of the Swedish company Stockholms Fartygsreparationer AB. The agreement $1m ($.8 million Euros). Stockholms Fartygsreparationer handles all types of ship repair on the eastern coast of Sweden and in 2005 had net sales of $1.1m (0.9 million Euros). The business will now be handled by Wärtsilä Sweden AB. Stockholms Fartygsreparationer's personnel of 10 persons will become Wärtsilä employees.
J.F. Lehman & Company completed the sale of Atlantic Marine Holding Company to a subsidiary of BAE Systems, Inc. Atlantic Marine is a provider of vessel maintenance, repair, overhaul and conversion (“MROC”) as well as marine fabrication services to government and commercial maritime customers. The company has operations in Mobile, AL, Jacksonville and Mayport, FL and Moss Point, MS. JFL has retained the company’s MROC operations in Boston, MA and Philadelphia
Gibraltar ship repair facility Gibdock say that it has been operating close to full capacity throughout 2013, with offshore sector business the main driver. Edited comments by Richard Beards , Managing Director, Gibdock follow: "We have seen a number of high profile offshore
J.F. Lehman & Company, a middle-market private equity firm focused on the maritime, defense and aerospace sectors, announced today that it has sold its portfolio company, Northeast Ship Repair, Inc. to affiliates of Plexus Capital and NewSpring Capital.
VT Halter Marine Inc. (VT Halter Marine), a subsidiary of VT Systems, Inc. (VT Systems), announced its newest facility, a 12,000 MT Floating Drydock, is now open for business and already has its first customers. The dock, measuring 546 ft.. in length, 105 ft. in breath and with a depth of 46 ft
Drydocks World, an international service provider to the maritime oil, gas and energy sector, signed a Strategic Alliance Agreement with German company NSC Holding, a ship management company located in Hamburg, Germany, managing 56 vessels.
Insurance: Ship Repairers and Marine Equipment Installers Operating on both land and water, ship repairers and marine equipment installers tackle a variety of tasks from general maintenance and repair, to upgrading electrical systems, to installing state-of-the-art navigational systems
Khamis Juma Buamim, Chairman of Drydocks World & Maritime World, the international service provider to the maritime and oil and gas sectors, visited Jadaf shipyard, one of the oldest such yards in the region addressing the repair and maintenance of small to midsize vessels.
The American Boat Builders & Repairers Association (ABBRA) announces its line-up of topics and speakers for the 2014 ABBRA Boatyard Business Conference. The event, which focuses strictly on issues important to boatyards, boat builders and marine service/repair businesses
The port informs that its meeting no. 3 of fiscal year 2013-2014 is to be held on Thursday, September 26, 2013, 11:00 a.m. in the main auditorium at 1350 Port of New Orleans Place, New Orleans, Louisiana. The order of the meeting is as follows: I. Determination of Quorum and Call to Order
By all accounts, Bahrain-based ASRY (Arab Shipbuilding & Repair Yard) is managing to buck the trend of falling revenues and create an optimistic story for the Middle East ship repair industry. It is also resisting the regional trend of falling revenues and increased losses with a 6% increase
Bollinger Shipyards’ Chairman and CEO Donald “Boysie” Bollinger announced the appointments of Chris Bollinger as President and Ben Bordelon as Chief Operating Officer of Bollinger Shipyards, effective August 29, 2013. “As an ongoing part of my personal transition plan
Emerson Process Management and SeaTec Repair Services announce a cooperative relationship to provide marine fuel measurement solutions, intended to help marine customers save in operating expense and ensure accurate billing. The cooperative relationship will offer marine customers no-hassle
Dubai Maritime City LLC (DMC), the world-class mixed-use maritime cluster, announced the signing of long term partnership agreement with Mubarak Marine LLC. The agreement is for the development of an industrial complex project for maritime services, shipbuilding and repair worth AED 130 million.
CIC Lixin Shipyard and CIC ChangXing Shipyard contracted to repair two vessels, one Japanese & one Korean-owned. MV Oriental Vaga came to CIC Lixin Shipyard for repair to damage that required the replacement, due to damage, of large sections of the underwater hull plating
Drydocks World & Maritime World recently hosted a meeting with many of their business & commercial agents. The agents represent the organizations interests in different areas overseasand they gathered to discuss the latest projects handled by the company and to understand the requirements
The 2013 Ship Repair Tradesmen of the Year were recently honored by the Virginia Ship Repair Association (VSRA). The award citations by VSRA are as follows: The 2013 Junior Tradesman of the Year Steven Pulliam, an Outside Machinist from Oceaneering International, Inc