joint venture

Damen Joins Forces With Bawat For Revolutionizing Ballast Water Management

  • Damen Green Solutions and Bawat joined forces at Europort 2023.
  • The aim is to market eco-friendly solutions globally.
  • The key figures signed the collaboration at the Rotterdam event.

Damen Green Solutions and Bawat have officially signed their joint venture at Europort 2023, introducing ‘Bawat Damen’, a game changer in mobile  Ballast Water Management System, reports Bawat.

Innovative Technology

Bawat’s advanced blast water management combined with Damen’s expertise creates a promising sale on...

https://mfame.guru/damen-joins-forces-with-bawat-for-revolutionizing-ballast-water-management/

Volvo’s fuel cell truck advances but battery-electric is biggest push

HALLERED, Sweden — The plume of white smoke from Volvo’s fuel cell truck matched the white clouds in the Scandinavian sky. Stand too close and you feel the descending mist of water vapor.

The hydrogen tanks sweat just droplets at first. Then comes the release of about a liter of water, approximately the amount the 100-kilowatt fuel cell produces per kilometer traveled.

On a spin around the track at Volvo’s high-security proving ground about an hour east of its Gothenburg headquarters in southern...

https://www.freightwaves.com/news/volvos-fuel-cell-truck-advances-but-battery-electric-is-biggest-push

Crowley and SEACOR in Jones Act JV

Crowley and SEACOR Holdings, through its Seabulk Tankers subsidiary, have reached an agreement to form a joint venture integrating their liquid energy and chemical transportation vessels, operations and related services into a new, independent U.S. Jones Act service provider, Fairwater Holdings LLC.

The new Jones Act JV’s fleet will include 20 ocean-going articulated tug-barges and 11 tankers, many under long-term charter. The joint venture will provide crewing and technical management for an...

https://www.marinelog.com/legal/shipping/crowley-and-seacor-in-jones-act-jv/

Daimler Truck, Cummins and Paccar partner to make battery cells in US

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Daimler Truck, Paccar Inc. and Cummins Inc. are forming a multibillion-dollar joint venture with a...

https://www.freightwaves.com/news/daimler-truck-cummins-and-paccar-partner-to-make-battery-cells-in-us

Scorpio And Mercuria Collaborate For A New Joint Venture

Credit: Cytonn Photography/Unsplash

Emanuele Lauro’s Scorpio Commercial Management and Mercuria Shipping have created a new aframax venture called Mercury Pool.

Increased Operational Performance

The tanker pool will have offices located in Switzerland, the UK, the US, and Singapore and starts out with six ships. “Both our companies have world-class reputations. This joint venture will be of great benefit to clients and owners willing to join the pool, as we believe the financial and operational...

https://mfame.guru/scorpio-and-mercuria-collaborate-for-a-new-joint-venture/

Volvo Group surges to Q2 profit record amid signs of cooldown

Volvo Group reported record second-quarter profits with strong sales offset by one-time charges for getting out of the bus business in the U.S. and settling price-fixing allegations in Europe.

The strong results came despite lower truck orders and declining market share. Still, Volvo increased industrywide estimates for heavy truck sales in Europe and North America. It now expects 330,000 in each market, up from 320,000, based on larger fleets continuing to replace older vehicles.

Volvo’s Q2 net...

https://www.freightwaves.com/news/volvo-group-surges-to-q2-profit-record-amid-signs-of-cooldown

PIS Secures Collaboration Agreements With Global Partners

Credit: Venti Views/Unsplash

PT Pertamina International Shipping (PIS) has secured two collaboration agreements with global partners, says an article published on Xinde marinenews.

Inauguration of the PIS

The signings were held with the inauguration of the PIS branch office in Dubai, UAE (PIS ME) on December 23, 2022.

PIS signed a Heads of Agreement (HoA) with BGN International DMCC (BGN), and a Memorandum of Collaboration (MoC) with Elite Tankship Pte Ltd (Elite Tankship).

Agreement addresses

The...

https://mfame.guru/pis-secures-collaboration-agreements-with-global-partners/

Delta, Latam joint venture to benefit cargo shippers

Tail ends of Delta Air Lines and Latam Airlines facing each other on tarmac, with blue sky and white clouds.

The joint venture between Delta Air Lines and Latam Group recently approved by the U.S. Department of Transportation is expected to benefit cargo shippers through greater route offerings, efficiency and capacity.

The green light from regulators allows the companies to implement the deal initially struck in late 2019 and coordinate relevant operations. 

The DOT’s Sept. 30 order said granting antitrust immunity to Delta and Latam, the largest carrier in Latin America, would benefit the public...

https://www.freightwaves.com/news/delta-latam-joint-venture-to-benefit-cargo-shippers

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