TORM Sets Up Scrubber JV with ME Production and GSI(marine crane manufacturer;offshore crane manufacturer)

- Nov 12, 2018-

scrubber-754x500The joint venture, ME Production China, will manufacture and install scrubbers in China intended for both newbuildings and retrofitted vessels. TORM holds an ownership stake of 27.5% in the new joint venture.

The move is being pursued amid anticipated demand for scrubbers due to the upcoming 2020 sulphur cap.

“Our long-standing relationships with GSI and ME Production helped to facilitate this unique joint venture at a time when demand for scrubbers is expected to increase significantly. This strategic move provides us with a substantial economic interest in a venture that has the potential to be a large-scale international scrubber manufacturer. It will also result in TORM obtaining attractive prices for the scrubber investments that already have a short payback time,” Executive Director of TORM Jacob Meldgaard, said.

TORM has ordered a total of 16 scrubbers with ME Production China and signed a letter of intent for additional 18 scrubbers with the new joint venture.

With these orders, TORM has committed to install scrubbers on 21 vessels and potentially up to 39 vessels or roughly half of TORM’s fleet. The CAPEX related to the confirmed scrubber orders is on average estimated below USD 2 million per scrubber including installation costs.

TORM expects to be able to obtain financing for a significant portion of this investment.

(marine crane manufacturer;offshore crane manufacturer)


Product DescriptionOUCO-5T13-5M-Stiff-boom-crane

This kind of fixed boom crane is designed for general cargo handling and service onboard ships and offshore units. The cranes are available in various range and can be supplied according to customer requirements. The stiff boom cranes can be delivered within a broad range of certifications and numerous optional features. Stiff boom cranes, the boom type is fixed, are typically used in dock, on fixed installations and in harbor conditions with its stability. OUCO Marine/Offshore Stiff boom cranes are with low cost, easy operation and high efficiency on different working conditions.

 In certain situations a stiff boom crane even has a superior ability to reach over obstructions such as fences or walls where other cranes may fail.

 Not only are the important moving parts of the stiff boom protected inside the machinery, they are also less strained when lifting a load, as energy goes to its winch first, then to the lift cylinder, and then the actual crane structure.

(marine crane manufacturer;offshore crane manufacturer)