• 2007 April 24 12:18

    New Qatar-Finland marine joint venture set up

    Qatar Navigation and Finland’s Cargotec subsidiary MacGregor, a global player in the maritime transportation industry, have set up a joint venture company with an initial capital of QR1.2mn.
    The Qatari company will hold 51% stake in the new joint venture, which aims to garner substantial market share in marine services and harbour related services in the Gulf region.
    The remaining 49% will be held by Sweden-headquartered MacGregor, whose net sales were 482mn euros in 2006, Its product portfolio comprises hatch covers, cranes, RoRo equipment, cargo lashing systems, bulk handling systems, and their service.
    “The registration of MacGregor Qatar Navigation Company marks a beginning of a cooperation between the two countries that have some time ago decided to unite their know-how and skills to capture a larger share of the growing market in Qatar,” said Ali Ahmed al-Kuwari, a Qatar Navigation board member and general manager (technology and operations) at QNB.
    The registration ceremony was held in the presence of Finland’s Minister of Trade and Industry HE Mauri Pekkarinen and other officials of the Finnish delegation, currently on a business tour of Qatar.
    Pekkarinen said Finland viewed the new joint venture company as a first step in developing cooperation between the two companies and could extent to many other industrial and service activities.
    Cargotec President and CEO Mikael Makinen said the company believed that there cannot be a true international company without strong local presence.
    “The integration of such local presence within our global network of companies enables Cargotec’s business areas to actually act on that direct insight in providing products and services across the entire value chain of customers,” he said.
    Cargotec is a provider of cargo handling solutions whose products are used in the different stages of material flow in ships, ports, terminals, distribution centres and local transportation.
    The MacGregor Group operates in 30 major shipping and shipbuilding countries and its service network consists of more than 60 service stations.
    Makinen said Cargotec possessed the global network and the know-how in providing solutions for container and general cargo handling, marine cargo flow and respective services.
    Referring to Qatar Navigation’s proficiency in terrestrial and maritime logistics, ship operations and ship repairs, he said both the companies had ambitious plans for growth and the new venture was a “natural alliance that can achieve such plans.”
    Asked whether the new company would also have operations outside Qatar, Makinen said the focus would be on the domestic market and then it may look towards the regional markets.
    To another query on whether the company expected further capital infusion in view of the potential it saw, he said the partners have the leeway to bring in more capital as and when needed but “it is not that capital intensive project.”

     

2024 September 26

18:03 Eni publishes its first Methane Report
17:35 Port of Barcelona container traffic increases by 22% in the first 8 months of the year
17:34 MABUX: Bunker price trends in the world's four largest hubs, Sept 23-27
17:23 TECO 2030 announces strategic shift to global fuel cell technology provider
17:14 CMB.TECH signs strategic agreement with Beihai Shipbuilding
16:45 Ports of Hamburg, Busan and Ulsan sign a joint declaration of intent
16:24 Damen to deliver two fully electric ferries to City of Toronto
15:59 Shell and TenneT sign an agreement for the large-scale hydrogen plant on the high-voltage grid in the Port of Rotterdam
15:24 Northern Lights is ready to receive CO2
14:41 MSC amplifies UN global compact call for IMO fit-for-purpose regulatory framework to accelerate use of net-zero fuels
14:23 MOL introduces an application for performance degradation tracking 'Fouling Analysis'
13:40 MAN PrimeServ signs cooperation agreement with Latsco Marine Management
13:13 Port of Oakland container volume up 5.4% in Aug 2024
12:48 H-LINE Shipping takes delivery of a 7,000 CEU LNG dual-fuel PCTC
12:08 Yangzijiang Shipbuilding delivers first batch of eco-friendly dual-fuel methanol containerships to X-Press Feeders
11:54 Jawar Al Khaleej L.L.C. takes delivery of three Damen Search and Rescue vessels
11:20 Technip Energies and JGC Corporation awarded FEED contract by ExxonMobil for the Rovuma LNG project in Mozambique
10:41 Panama Canal launches revamped maritime services tariffs section
10:22 ADSB delivers pair of RAmparts 2800-SD vessels to ADNOC
09:59 MITSUI OCEAN CRUISES welcomes new ship MITSUI OCEAN FUJI in handover ceremony with Seabourn Cruise Line

2024 September 25

18:00 Ingalls Shipbuilding receives a $9.6 bln contract to procure multiple ships, including three San Antonio-class amphibious assault ships
17:38 The Port of Oslo has officially opened its new shore power plant for cruise ships
17:11 John T Essberger orders two 13,000 dwt, ice class 1A chemical tankers from Nantong Rainbow Offshore & Engineering Equipment
16:45 Ningbo-Zhoushan port to add 2 million TEU in container capacity
16:13 Hanwha Ocean drops talks to acquire Australian shipbuilder Austal
15:36 Hyundai Glovis, China's BYD sign MOU for logistics partnership
15:24 Wallenius Marine christens vessel Future Way in German port of Emden
14:58 Asyad Group, OQ Alternative Energy, and Sumitomo Corporation announced a joint study agreement to explore the potential of Oman as a global low-carbon fuel bunkering hub
13:50 CLdN places order for 10 newbuild container carriers
13:22 Purus orders two 45,000 cbm dual fuel ammonia-ready medium-sized gas carriers from Hyundai Mipo Dockyard
12:47 HD Korea Shipbuilding wins 403.9 bln won order for 6 container ships
12:05 Victoria International Container Terminal hits 5 million TEUs
11:43 Damen signs with WUZ Port and Maritime for ASD Tug 2111
11:20 Fincantieri starts works on the first next-generation Offshore Patrol Vessel for the Italian Navy
10:43 Lloyd's Register, RINA, DNV, Bureau Veritas and ABS join forces to form Yacht Safety and Environmental Consortium
10:25 Fincantieri, Vard and Sandock Austral Shipyards form collaboration centred around Afrika Offshore Patrol Vessel
09:48 GTT receives an order from HD Hyundai Samho Co. for the tank design of four new LNG carriers

2024 September 24

18:00 PowerCell signs SEK 165m order for fuel cell systems with leading Italian marine OEM manufacturer
17:01 TankMatch and Evos team up to launch green methanol bunkering solutions
16:45 MOL announces naming ceremony for new LNG-fuel car carrier “CELESTE ACE”
16:24 Navig8 takes delivery of fourth and fifth MR newbuild vessels from New Times Shipbuilding
15:53 Canadian Coastguard orders MAN 32/44CR propulsion packages for two Arctic Offshore Patrol Ships
15:23 AD Ports records a 30 percent increase in vehicle volumes through Autoterminal Khalifa Port in H1 2024
14:43 HELCOM launches shipping data platform
14:23 The Port of Tallinn signs MoU with the U.S. company Protio for the production of e-fuels at Muuga Harbour
13:42 TotalEnergies to supply 200,000 tons per year of LNG to HD Hyundai Chemical until 2033
13:21 Shenzhen and Long Beach ports sign green framework
12:50 LR and Samsung Heavy Industries sign JDP for AiP for an ammonia-fuelled 9,300 TEU container vessel
12:11 Wartsila to future-proof container vessels with CCS-Ready scrubber technology
11:40 Lloyd's Register has granted Samsung Heavy Industries AiP for the construction of a next-generation 174,000 cubic metre LNG carrier
11:02 Hanwha Ocean partners with ABS to co-develop offshore solutions
10:41 Royal Huisman commissions world’s largest sportfish yacht 'Special One'
10:15 ABS approves new autonomous technologies from HD Hyundai for ammonia-fueled ships
09:46 HD Hyundai to supply shaft generator for Middle Eastern firm

2024 September 23

18:07 TechnipFMC awarded subsea contracts by Petrobras for Brazil’s pre-salt fields
17:26 South Korean ministry starts testing container ship equipped with autonomous navigation system
17:06 Spliethoff Group acquires majority interest in ForestWave
16:42 Hanwha Power Systems signs an agreement with GasLog for the retrofitting of ammonia gas turbines for eco-friendly fuel
16:19 McDermott and BW Offshore announce collaboration to enable offshore blue ammonia production
15:56 Mitsubishi Shipbuilding and Bureau Veritas collaborate on advanced 3D model-based classification project
15:46 Kawasaki and CB&I sign an agreement for promoting commercial-use liquefied hydrogen supply chain
13:30 Türkiye welcomes the arrival of its first-ever FPSO vessel
12:58 Fujian Shipping Group signs contract for the construction of "2+2" 82,000-ton dual-fuel bulk carriers
11:24 CMA CGM to acquire a c.48% stake in Santos Brasil
10:43 ABS approves new FLNG design from Wison
10:23 Methane Abatement Group adds BP, CMA CGM and GT
09:52 Lloyd’s Register awards HD Hyundai Mipo AiP for 20,000 cbm LCO₂ carrier

2024 September 22

16:03 Container shipping costs to U.S. east coast, Europe up for 4th month
15:10 GRSE secures $54 million German order for four additional multi-purpose cargo ships
14:12 Water recycling project launched by industrial enterprises in Shanghai