JV

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/

Joint Venture for Tanker Management Launched

  • Synergy Group and D.S. NORDEN have formed a new joint venture.
  • The association is to handle the technical management of NORDEN’s owned tanker vessels.
  • Norden Synergy Ship Management (NSSM) is a 50/50 joint venture between NORDEN and Synergy and will be headed by Henrik Christensen.
  • NSSM will manage NORDEN’s current fleet of Medium Range (MR) and handysize product carriers from its headquarters in Copenhagen.

Danish shipping company DS Norden has formed a joint venture with Synergy Group to...

https://mfame.guru/joint-venture-for-tanker-management-launched/

Global Ocean’s JV To Help Evade Significant Risks?

  • Golden Ocean has signed a non-binding term sheet to buy 10% of a bunkering joint venture (JV) together with global trading giant Trafigura, and tanker company Frontline.
  • The JV will ensure a prompt access to both high-sulfur fuel and compliant fuel, which will either give a further competitive advantage or at least protection from a significant risk.

One way to overcome the limitations on marine fuel supply due to upcoming regulations is to buy your own marine fuel supplier, or at least part...

http://mfame.guru/global-oceans-jv-to-help-evade-significant-risks/