Deals and M&As this week: Traxens, Shell Oman Marketing Company

21 December 2018 (Last Updated December 21st, 2018 10:25)

Traxens and MSC Mediterranean Shipping Company have collaborated for piloting the internet-of-things (IoT) network at the Port of Valencia in Spain.

Traxens and MSC Mediterranean Shipping Company have collaborated for piloting the internet-of-things (IoT) network at the Port of Valencia in Spain.

The project also involves the Port Authority at Port of Valencia and Fundacion Valenciaport (FVP).

It aims to improve the operational efficiency of the port by tracking the real-time movement of the vehicles.

Traxens will set up additional gateways to broaden the range of its IoT network at other Port of Valencia terminals.

Milaha has awarded a contract to consultancy firm Royal HaskoningDHV for the upgrade of its shipyard in Mesaieed.

There will be a larger floating dock, improved workshops, and renovated facilities. It will increase the shipyard’s capability and productivity for managing repair works of larger and complex ships.

The project aims to enable Milaha’s growth in existing markets and entry into new sectors. It is expected to be commenced by early-next year and will be completed by the third quarter of 2020.

Shell Oman Marketing Company and Port of Duqm Company (PDC) have agreed to install fuel bunkering facilities and services in the Port of Duqm.

Both the companies will construct a bunkering terminal for supplying fuels and lubricants, as well as other ancillary facilities for marine liners calling at the port.

The Port of Duqm is currently in its early-operations stage and is expected to be fully operational in 2020.

Sea Machines Robotics has raised $10m in a Series A investment round led by Accomplice and Eniac Ventures.

The latest round has increased the total funding secured by the company to $12.5m.

The funding round also involved participation from Toyota AI Ventures and Brunswick.

Funds will be used for expanding the sales of Sea Machines’ new products, bolster research & development (R&D) and engineering teams, as well as launching new product feature sets.

Rolls-Royce has signed a £14m ($17.8m) deal with WestSea Yard in Portugal for the delivery of hybrid propulsion systems for two Mystic-Cruises’ expeditionary oceanic cruise ships.

Rolls-Royce will supply two Bergen C25:33L8P main engines and a Bergen C25:33L6P auxiliary dual generator for each ship.

The equipment will be connected to a low-voltage active front-end (AFE) ‘SAVeCUBE’ power electric system, which allows the engines to run on variable speeds for maximum efficiency.

“Sea Machines Robotics has raised $10m in a Series A investment round led by Accomplice and Eniac Ventures.”

The contract also includes the supply of the automation and control system, the Promas propulsion device with two CPP propellers and two flap rudders, steering gears, and tunnel thrusters.

The first ship in the series is expected to commence operations next year.

Maersk Broker Bulk Chartering will merge its operations with Wonsild Dry, a dry bulk shipbroker based in Denmark.

Maersk Broker currently holds a majority stake in Wonsild Dry.

Scheduled to be finalised by January, the merger will establish Wonsild Dry as a fully integrated part of Maersk Broker. It will not include Wonsild’s tanker operations.

The merger will also lead to the consolidation of Copenhagen and Singapore offices of both the firms, while Wonsild’s employees in Hong Kong and Bangkok, Thailand, will be retained by Maersk Broker.

The new entity will trade as Maersk Broker Bulk Chartering.