Hyundai Heavy Industries (HHI) has signed a memorandum of understanding (MOU) with Saudi Aramco and Dussur (Saudi Arabian Industrial Investments Company) to establishe a joint venture for marine engine and onshore power generation engine businesses.

Singapore-based OSV owner Pacific Radiance has formed a joint venture with Allianz Offshore Middle East (AOME).

Shipping group CMA CGM and Adani Ports and Special Economic Zone (APSEZ) have signed a joint venture to operate a new container terminal (CT4) at Mundra Port, India, for the next 15 years. 

China State Shipbuilding Corporation (CSSC) and Wartsila have penned an agreement to establish a joint venture firm to focus on the growing Chinese electrical and automation (E&A) market, especially for high-tech ship applications.

Bahri Dry Bulk Company (BDB), a subsidiary of the Bahri Group, and Koninklijke Bunge have formed a joint venture to establish an ocean freight supplier for dry bulk import and export flows in the Middle East.

The new joint venture between Sharaf Shipping Agency and Ben Line Agencies will allow both businesses to compete on a global level, according to its ceo, Terry Gidlow.

Albwardy Marine Engineering and Damen Shipyards Sharjah have brought both brands together under one umbrella, and will now be known as Albwardy Damen. 

GC Rieber Shipping and Rasmussengruppen are setting up a new joint venture geophysical marine company, taking over the former’s fleet of four seismic vessels.

Hong Kong-listed TSC Group, service provider of both onshore and offshore drilling, has ventured into the plug and abandonment (P&A) and decommissioning business via a joint venture.

Malaysian oil and gas (O&G) fabrication specialist Malaysia Marine and Heavy Engineering Holdings (MHB) is moving into the repair and maintenance space, announcing that is has formed a joint venture with Terengganu state-owned Eastern Pacific Industrial Corp Bhd (Epic) to undertake repair services of marine vessels.

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