Monday, January 14, 2013

From Fenders for Cargo Vessels to LNG Technology

New Acquisition Boost Marine Specialists Portfolio at a Stroke
Shipping News Feature

SCANDINAVIA – UK – KOREA – SINGAPORE – The three empty triangles which made up the logo of Trelleborg group interests from 1994 were to symbolise the intent to expand following one of the most harrowing periods in the Scandinavian company’s history Now Trelleborg Marine Systems, part of Trelleborg business area Offshore and Construction, has signalled its intent to stay abreast of new LNG technology in what may be a shrewd purchase for a company which aims to support many facets of port and vessel management, from fenders for the hull protection of cargo ships to complex mooring solutions.

With its acquisition of Sea Systems Technology Ltd. (SeaTechnik), Trelleborg says it has captured the global market-leader in the design and manufacture of systems for safeguarding the transfer of LNG between liquefied natural gas (LNG) carriers and shore terminals. In addition to developing, manufacturing and supporting systems for the safe handling of LNG, SeaTechnik has a growing share of products and solutions that monitor and can actively manage the operating performance of ships, the aim of which is to significantly reduce both emissions and fuel costs.

Employing 45 people globally, SeaTechnik is based outside Chester in the U.K., with two wholly owned subsidiaries based in Korea and Singapore. Design, manufacture and assembly activities are based mainly in the U.K., with local sales support, installation and commissioning work and specialist manufacturing carried out in Korea and Singapore. Richard Ceen, Managing Director at SeaTechnik, was clearly pleased at the result, saying:

“We’re delighted to announce the finalisation of the acquisition. We’ve built our reputation as the world leading specialist in LNG Ship Shore Link and Emergency Shutdown systems and we continue to develop our lead in energy monitoring and optimisation of performance for ships and other marine installations. Now, boosted by the portfolio and financial strength of Trelleborg, we look forward to working with our colleagues across the business to share knowledge and best practice, and develop and enhance our joint portfolio even further.”

Liquefied Natural Gas has seen an increasing importance in the past couple of years and the significance of the complexities required to transport the gas safely right up to the quay has clearly not been lost on Trelleborg Marine Systems for whom the acquisition means strengthening and building on its expertise in the sector. Richard Hepworth, President of Trelleborg Marine Systems, explained:

“We’re committed to growing our business in this fast moving area and the acquisition of SeaTechnik really bolsters and expands on our berthing, docking and mooring offering. LNG transportation represents an attractive growth area for us; as such we want to offer a full service solution that can provide customers with a “one-stop-shop” for LNG projects, building on our existing expertise and capabilities. SeaTechnik’s portfolio already has similar design requirements to ours and we already work together closely, so the acquisition provides natural synergies and is a logical step to take.”