Korean Register (KR) and Iranian Classification Society have signed a memorandum of understand to set up a joint venture firm in Tehran to offer plant facility certification and engineering services.
Singapore’s Keppel Offshore & Marine (Keppel O&M) has entered into an agreement with Russian state firm Rosneft Oil Company and Norwegian drilling equipment firm MHWirth to set up a joint venture in Russia.
Engine manufacturer Wartsila and China State Shipbuilding Corporation (CSSC) have signed a letter of intent to establish a new joint venture company to focus on China's growing market for electrical & automation (E&A) solutions for marine applications.
Offshore Oil Engineering Co (COOEC) in Zhuhai, China has formed a joint venture with US firm Fluor Corporation to develop offshore marine equipment for the international market.
Singapore’s Ezion Holdings has entered into a joint venture agreement with a Chinese state-owned enterprise (SOE) for the deployment of service rigs to support the offshore windfarm market.
Singapore’s Pacific Radiance has aborted its venture into the West African offshore market, but reinforced its position in Malaysia with new joint venture agreements.