Fincantieri, Faist JV to produce lithium-ion batteries

Fincantieri SI, a company of Italian shipbuilding major Fincantieri, and Faist Electronics, a Faist Group brand specializing in energy storage systems, have founded Power4Future, a joint venture dedicated to the production of lithium-ion batteries. As informed, the industrial partnership envisages … Read More

Jumbo, SAL form new heavy-lift alliance

Jumbo Shipping, a Dutch maritime heavy lift transport and engineering contractor, and SAL Heavy Lift, a Germany-based breakbulk and project cargo specialist, have launched a joint venture known as the Jumbo-SAL-Alliance. Combining their fleets and all commercial activities, SAL and … Read More

Hornsea Offshore Wind Farm Signs Transmission Agreement

Hornsea 1 Ltd., a joint venture (JV) owned by Ørsted (50%) and Global Infrastructure Partners (GIP) (50%) has signed an agreement for the sale of its transmission assets to Diamond Transmission Partners Hornsea One Ltd. (DTP).  DTP is a partnership … Read More

Germany: Dr. Peters Group, Chemikalien Seetransport create ship management JV

Hamburg-based tanker shipping company Chemikalien Seetransport (CST) and Dortmund-based investment manager Dr. Peters Group (DPG) have established a joint venture for ship management. As informed, the company will operate as a maritime service provider under the name CST/DS Shipmanagement GmbH. … Read More

Bayou and Wasco to end pipe coating joint venture

Pipe coating specialists Bayou and Wasco said they will be splitting up their joint venture, Bayou-Wasco Insulation (BWI). BWI will complete contracted projects and begin an orderly wind down in late 2021. “We plan to utilise our experienced workforce to … Read More

Wilhelmsen, thyssenkrupp create 3D printing JV for maritime sector

Norway’s maritime industry group Wilhelmsen and Germany’s industrial and technology businesses conglomerate thyssenkrupp are establishing a 3D printing joint venture targeting the maritime industry. On 28 September, Wilhelmsen’s Marine Products division and thyssenkrupp signed a joint venture letter of intent … Read More