Joint Venture agreement
18. January 2010
| Editorial staff Ship&Offshore
ST Marine will hold 51% stake in Hovertrans Solutions while the remaining 49% shareholding will be held equally between Hovertransport and Clearstone. Upon its incorporation, Hovertrans Solutions will become a subsidiary of ST Marine.
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.
