Daewoo Ship, Hyundai Heavy Build LNG Tankers
According to a report from Reuters, Daewoo Shipbuilding and Marine Engineering and Hyundai Heavy Industries said they were jointly in preliminary deal to build upâŚ
GEOSHIPS Acquisition, Doubling of Staff
Aberdeen-based SeaHold GEOSHIPS Limited (GEOSHIPS) has announced the acquisition of marine management services company Brooklyn Shipping Ltd (BSL). The acquisitionâŚ
GL Shipyard Restroom Barges for Park Service
Great Lakes Shipyard in Cleveland, Ohio built and delivered four public-use restroom barges for the National Park Service. The barges were delivered in Stillwater, Minn. near Minneapolis and will be used on the St. Croix National Scenic Riverway for boater and camper use. The 20 ft. long by 10 ft. wide barges, each having five restrooms, are able to be connected together in sets or floated independently for optimal utilization.
Horizon Lines AGM Results
Horizon Lines, Inc. (NYSE: HRZ) announced that shareholders at the company's annual meeting today re-elected two Class III directors and ratified the appointmentâŚ
New Navy Contract for Huntington Ingalls
Huntington Ingalls Industries, Pascagoula, Miss., is being awarded a contract modification in an amount not-to-exceed $25,300,000 to previously awarded contractâŚ
Sappino Leaves APL After 29 Yrs
APL said today that 29-year veteran Bob Sappio, head of the shipping lineâs PanAmerican Trades, will leave the company August 1 to remain in the San Francisco Bay Area.
JMS Acquires Research Vessel Design Firm
JMS Naval Architects & Salvage Engineers (JMS) acquired Roger Long Marine Architecture Inc. (RLMA). The acquisition includes exclusive rights to RLMAâs enormously successful Challenger class fast research vessels. Roger Long, RLMAâs founder and principal designer, will become a senior design consultant to JMSâ research vessel design projects. JMS and Roger Long have collaborated on several projectsâŚ
NSRP Research Announcement Revision
The National Shipbuilding Research Program has issued a revision to Research Announcement (RA) 10-01 which was announced May 25. The RA is also published on theâŚ
Vinashin Asks Bondholders to Write Off Debt
A report from Bloomberg sited a bondholder who met with Vietnam Shipbuilding Industry Group, saying the state-owned company, with more than $4b in debt, asked holdersâŚ
Nordic American Tanker AGM Results
Nordic American Tankers Limited announced the official results of its 2011 Annual General Meeting, held on June 1, 2011 at 10:00 a.m. in Hamilton, Bermuda. 5. TheâŚ
TORM Sale, Leaseback Agreement
TORM has entered into a sale and leaseback agreement for the product tanker TORM Margrethe. The vessel has been sold for a total consideration of $46m. The transactionâŚ
Plaquemine Ferry Returns to Service
The Department of Transportation and Development (DOTD) announced that the Plaquemine ferry will return to service on Monday, June 6. The Plaquemine landing wasâŚ
Kvichak Gets Coast Guard TPSB Contract
Kvichak Marine Industries, Inc., of Seattle, Wash., was recently awarded a five year contract by the U.S. Coast Guard for the construction of up to 80 each Transportable Port Security Boats (TPSB). The all-aluminum vessels are operated by a crew of four and include shock mitigating seats to minimize crew fatigue on extended missions. Ballistic Armor Protection and up to four mounted weapons provide increased mission capability and crew safety during tactical operations.
ABB Strengthening Marine Presence In Brazil
An Azipod C factory is planned to better serve the growing market in Latin America May 25, 2010 â ABB, the leading power and automation technology group, is planning to strengthen its marine business presence in Brazil, in order to serve the growing market in Latin America more effectively. Latin America has quickly become a key strategic area for ABBâs marine business. Future plans, which include the establishment of a new Azipod C factoryâŚ
ABS Provides Guidance For Gas Fuelled Ships
With rising fuel costs and todayâs global interest on emission reduction, liquefied natural gas (LNG) is considered a promising alternative fuel for all type of ships. In response to industryâs need for technical guidance for new construction and existing vessel conversion, leading class society ABS announced today the release of its Guide for Propulsion and Auxiliary Systems for Gas Fuelled Ships.
Optimarin Aligns Structure to Meet Demands
Based on planned IMO compliance deadlines, over 50,000 merchant ships will need to install certified BWT systems by 2016 or 2017; thatâs about 10,000 ships per year for five or so years after ratification. Optimarin, a world leader of ballast water treatment systems, is setting its sights on retrofits and newbuilds that represent great opportunity for future business growth. Optimarin today announced global expansion of its company after a period of significant activityâŚ
Alnmaritec Supplies New Pollution Control Boats
Alnmaritec Limited, which is recognised as one of the UK's leading specialist boat builders, has recently delivered two new oil pollution control boats for operation in Asia. The new âWave Skimmerâ class boats were delivered by Alnmaritec earlier this year to Elastec American Marine who also supplied all of the oil recovery and storage equipments on board. These boats follow on from the successfulâŚ
Horizon Lines Reaches Agreement for Refinance
Horizon Lines, Inc. (NYSE: HRZ) today announced that it and holders of the majority of its 4.25% convertible senior notes have entered into agreements for a transaction that will refinance the company's entire capital structure. The agreement with the note holders contemplates a complete refinancing, in conjunction with a new asset-based revolving loan facility (ABL) of up to $125 million, which is under negotiation with a leading financial institution.
Celebrity Silhouette's First Public Appearance
The sleek silhouette of Celebrity Cruisesâ new Celebrity Silhouette has emerged from Meyer Werft shipyard in Papenburg, Germany, where numerous area residents lined up to be among the first to see the fourth in Celebrityâs stylish, five-ship Solstice Class fleet. Celebrity Silhouette sets sail in July of this year, enhancing guestsâ precious vacation time with a host of industry-first venues and experiences within The Lawn ClubâŚ
Insurance Industry Must Take Data Governance Seriously
Leading accountant and insurance industry adviser Moore Stephens has questioned whether data governance is being accorded the attention it deserves by the insurance industry. Recent FSA Arrow visits have highlighted a number of frequently recurring problems in insurance firms relating to risk management, governance, data and reporting. These include poor risk control culture, poor reporting, ineffective governanceâŚ
