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Heavy Lift Across the World

ST Engineering signs JV to form Hovertrans Solutions

January 13 - Singapore Technologies Engineering Ltd (ST Engineering) subsidiary, Singapore Technologies Marine Ltd (ST Marine) has signed a joint venture agreement with Hovertransport Consultants Ltd (Hovertransport) and Clearstone Investments LLC (Clears

ST Marine will hold a 51 percent stake in Hovertrans Solutions, while the remaining 49 percent shareholding will be held equally between Hovertransport and Clearstone.

ST Marine paid USD600,000 to acquire the intellectual property rights and other business considerations with another USD600,000 as working capital into the new Hovertrans Solutions.

Hovertrans Solutions seeks to exploit the use of hoverbarges for heavy lift in difficult terrain in the global oil and gas, and specialist transportation industries.

"This strategic partnership to form Hovertrans Solutions leverages our mutual design and engineering capabilities, through which we intend to jointly develop new innovative product offerings and solutions and actively pursue opportunities to grow the business." said Chang Cheow Teck, president, ST Marine.

Heavy Lift | News

Fire outbreak at US port thumbnail image

Fire outbreak at US port

June 5 - A fire broke out aboard Höegh Autoliners’ ro-ro vessel Höegh Xiamen yesterday (June 4) at Blount Island, Jacksonville, USA; there are no injuries to any of the 21 crew members, who have all been evacuated from the vessel.
Views: 496
Intradco charters AN-225 thumbnail image

Intradco charters AN-225

June 5 - Intradco Global, in collaboration with GTA GSM, charted the Antonov AN-225 freighter aircraft to transport nearly 1,000 cu m of medical supplies and personal protective equipment (PPE).
Views: 477
WW Ocean calls in Freeport  thumbnail image

WW Ocean calls in Freeport 

June 5 - Wallenius Wilhelmsen Ocean’s (WW Ocean) ro-ro vessel Bess has completed its maiden call at Port Freeport, Texas as part of its service connecting Asia with the Gulf Coast. 
Views: 713

Heavy Lift Across The World

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