Norway-based oil-services investment company Akastor has announced it has completed the sale of 50% of AKFOS Offshore to form a joint venture with Mitsui and MOL, per the agreement signed in June this year.
Stone Marine Propulsion in the UK and NGC Marine in China are teaming up to create a new supplier of propulsion and marine gearbox propulsion equipment.
Bumi Armada continues to build on its wins in the West Africa market, setting up a joint venture (jv), through its unit Bumi Armada Marine Holdings, with Shapoorji Pallonji & Co and Cypress Energy to bid for a floating, production, storage and offloading (FPSO) project in Ghana.
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.
Stolt-Nielsen Limited and Golar LNG today announced that they have entered into a joint venture to produce and distribute small-scale LNG.
Reederei NSB has founded a new subsidiary with Columbia Shipmanagement (CSM) in Manila - Asia Marine Philippines as it moves towards the flagging-out of its fleet and laying-off of 486 German seafarers by 2017.