Accommodations specialist, HB Rentals, a Superior Energy Services company, has named Ken Ferguson the Director of Global Business Development. Ferguson will be based in HB Rentals’ Houston office and will oversee the company’s business development efforts. Before joining HB Rentals, Ferguson
The Australian Maritime Complex along with Landcorp recently announced the name of the Floating Dry Dock at the official naming ceremony. The Floating Dock was given the traditional Nyoongar name Yagan by the South West Aboriginal Land and Sea Counsel in consultation with Nyoongar Elders. Yagan, the Nyoongar word for tortoise,
Atlantic Marine Philadelphia, LLC, Philadelphia, Pa., is being awarded a $12,771,174 firm-fixed-price contract for a 70-calendar day regular overhaul of Military Sealift Command fleet replenishment oiler USNS Joshua Humphreys. The ship's primary mission is to provide fuel to Navy ships at sea and jet fuel to aircraft assigned to aircraft carriers.
Global Ship Lease, Inc. (NYSE:GSL)(NYSE:GSL.U)(NYSE:GSL.WS), a containership charter owner, announced its unaudited results for the three months ended December 31, 2009.Fourth Quarter and Full Year 2009 Highlights:- Generated $16.5 million of cash in the fourth quarter of 2009 up 29% on $12.
The first Tier-II compliant MAN B&W engine has finished production at HHI-EMD (Hyundai Heavy Industries Engine & Machinery Division) in Korea and is ready for delivery. The low-speed, two-stroke MAN B&W 6S50ME-C7 type engine will power a shuttle tanker (hull number 1749), currently under construction by Samsung Heavy Industries Co.
ShipX (www.shipx.org) is the new Internet auction site for shipping. With increased ship breaking and a new focus on liquidation of surplus stock to improve cash flow, ShipX offers the opportunity of maximizing asset value in a competitive bidding environment. ShipX allows sellers to expand their market and maximise the price at a reasonable cost.
Global carrier Evergreen Marine Corporation (Taiwan) Ltd. announced the promotion of its President Jack Yen to Vice Chairman. Captain C.J. Wang, Chief Executive Vice President, has been appointed President. Anchor Chang, Executive Vice President of International Business Division, was promoted to Chief Executive Vice President.
Gary Quenan, Chairman of SSP Offshore Inc., announced that Paul Illingworth has agreed to join SSP Offshore as Chief Executive Officer. Illingworth has over 30 years experience in the offshore oil and gas business, prior to which he served seven years in the British Navy. He has a degree in Nautical
Royal Caribbean’s Oasis of the Seas, the world’s largest cruise ship, has been equipped with MTN Satellite Communications’ (MTN) state-of-the-art VSAT satellite communications system. The 1,184-ft, 225,282-gross ton Oasis of the Seas carries up to 5,400 passengers and a crew of more than 2,000.
The Global Ship Agencies Network (GSAN) announced that Navex-Empresa Portuguesa de Navegação, S.A. (Navex) of Portugal has joined its worldwide network. Roy Stapleton, President stated “Navex is the largest Ship Agency in Portugal based on the number of vessels handled and has offices strategically located in all major ports.
SGX Mainboard-listed Chemoil (SGX-ST: CHEL.SI) reported a net profit attributable to equity holders of $11.5 million for the year ended December 31, 2009 (FY2009) and a net profit attributable to equity holders of $2.9 million for the fourth quarter of 2009 (4Q2009).Reflecting Chemoil’s
Wilhelmsen Ships Service has completed a major safety system service for the Chevron FSO (Floating Storage and Off-loading unit) Escarvos in South Africa. At the same time, Wilhelmsen Ships Service provided equipment and refrigerant to support the refurbishment of the vessel’s chiller systems.
Star Bulk Carriers Corp. (Nasdaq: SBLK), a global shipping company focusing on the transportation of dry bulk cargoes, announced its unaudited financial and operating results for the fourth quarter and the year ended December 31, 2009. Akis Tsirigakis, President and CEO of Star Bulk commented:
Maritime Holdings Inc. (NYSE:NM) , a global, vertically integrated seaborne shipping and logistics company, reported financial results for the fourth quarter and year ended December 31, 2009. Angeliki Frangou, Chairman and CEO of Navios Holdings, said, "Our industry entered 2009 facing challenges virtually without precedent.
Mitsubishi Heavy Industries, Ltd. (MHI) and Zhejiang Yungpu Heavy Machinery Co., Ltd. (YUNGPU) in China's Zhejiang Province agreed last December on licensing of the technology incorporated into the Mitsubishi-UE, MHI's low-speed marine diesel engines. The licensing became effective late last month.
SeaArk Marine, Inc. recently completed the first two boats of a five boat contract for the Haiti Coast Guard. The vessels were purchased through the Global Peace and Security Fund, administered by the Department of Foreign Affairs and International Trade (DFAIT), through the Canadian Commercial Corporation (CCC).
Jeppesen, a subsidiary of The Boeing Company, has teamed with Furuno and MapMedia to develop NavNet 3D-compatible C-MAP by Jeppesen vector charts. This will allow boaters to use advanced features and functionality of the NavNet 3D system while navigating with C-MAP by Jeppesen chart data.<br
RBG Limited, provider of fabric maintenance and construction support to the global energy industry, launched a new range of products and services enhancing the company’s marine and subsea capability.RBG’s new, diver friendly hydraulic lightweight flange pulling tool is used to
Rolls-Royce, the global power systems company, has opened its new Dynamic Positioning (DP) and Automation & Control training centre in Ålesund, Norway. The simulation centre provides students with real-life training to become proficient with operating DP controls, without the risk of using
Sealub Alliance Americas, Inc., an affiliate of Gulf Oil Marine Ltd. headquartered in Hong Kong, announced a fully operational manufacturing and supply and distribution network in the United States and select areas of Canada.Sealub Alliance Americas is now producing all marine products in
Wärtsilä Corporation and Trojan Technologies have signed an exclusive agreement to jointly develop, market, and distribute a ballast water treatment product for ships. The two companies will gain synergistic benefits from the combined strength of Wärtsilä's global reach and presence in the marine market,
The Wilh. Wilhelmsen ASA (WW) maritime industry group achieved an operating income of USD 3.4 billion in 2008, up by more than 25% compared with 2007. The shipping and maritime services segments are the main contributors to the improved top line. The operating income for the year totalled USD 3 434.
KVH Industries, Inc., (NASDAQ:KVHI) reported financial results for the fourth quarter ended December 31, 2009. Revenue for the fourth quarter of 2009 was $26.3 million, up 24% from the quarter ended December 31, 2008. Net income for the period was $1.8 million, or $0.13 per diluted share. During the
Viking Life-Saving Equipment A/S CEO and Group Managing Director, Kjeld Amann, will retire following the group’s annual general meeting on March 15, 2010. During Amann’s tenure as CEO the group has grown its business volume considerably. The company has enlarged its global owned network of sales,
A report published by Fairplay shows new orders for liquid petroleum gas (LPG) fleet tankers currently stand at 191 to the end of 2013, which is 50 percent less than the previous five years or 40 percent if measured in cubic metres (m3) “The LPG market will by this slower fleet
Commenting on Bourbon’s 2009 annual revenue results, Jacques de Chateauvieux, Chairman & Chief Executive Officer of Bourbon said: “With 71 new units coming into the fleet in 2009, annual revenues from Bourbon owned Offshore vessels alone saw growth of 27%, while the need for chartering
Wärtsilä has introduced a new portfolio of services, Environmental Services, to both the marine and energy market. Environmental Services will help customers to minimize emissions into the air and water, and help them to meet increasingly stringent legislation and regulations.The new portfolio includes a range of products,
Founding Chairman of NAMEPA (North American Marine Environment Protection Association Clay Maitland unveiled plans to debut NAMEPA’s 2010 Seminar Series in San Francisco on May 9 at the Marines Memorial Club. The title of the seminar is “Environmental Intelligence in Shipping”.
In the fourth quarter 2009 STX Europe reported an EBITDA of NOK -44 million compared with NOK -728 million in the fourth quarter of 2008. The 2009 preliminary EBITDA was NOK 133 million compared with NOK -400 million in 2008. Offshore & Specialized Vessels continue to perform well with an EBITDA
With 110 million tons of sea-borne cargo handled in 2009, a year impacted by the global economic and financial markets crisis, Germany’s biggest universal port fell short of the previous year’s result by around 30 million tons (- 21.4 percent). Improvements are in sight for the year 2010,
On 15 February 2010, Sealub Alliance Americas, Inc., a part of the Gulf Oil Marine group, headquartered in Hong Kong, announced a fully operational manufacturing and supply and distribution network in the United States and Canada.Sealub Alliance Americas is now producing all marine products
Aegean Marine Petroleum Network Inc. (NYSE:ANW) announced that it has taken delivery of the Zakynthos, a 6,272 dwt double-hull bunkering tanker newbuild from Qingdao Hyundai Shipyard in China. The vessel is expected to be deployed to the company's market located in Gibraltar.E. Nikolas Tavlarios,
FloaTEC Singapore Pte Ltd (FloaTEC Singapore), an equal joint venture between Keppel FELS Ltd (Keppel FELS) and J. Ray McDermott (J. Ray), has signed a contract worth about $1b with the Papa-Terra Joint Venture, consisting of Petrobras and Chevron, to build and operate the P-61 Tension Leg Wellhead Platform (TLWP).
Star Bulk Carriers Corp. (NASDAQ: SBLK), a global shipping company focusing on transportation of dry bulk cargoes, announced it has entered into an agreement to sell the Star Beta, a 174,691 dwt Capesize vessel, built 1993, to a third party for a contracted sale price of $22m. The company expects to
The United Arab Emirates is an emerging force as a global maritime center. Since 2006 is has launched its ship registry, developed its extensive maritime resources, and experienced continued growth in every maritime sector.The UAE will be presenting a summit on environmental vigilance
Brunswick Corporation (NYSE:BC) announced that it will consolidate a portion of its aluminum boat production within its current manufacturing footprint as part of its ongoing efforts to be more agile and responsive to marine market demand."For the past several years, we have worked
As part of the National Shipbuilding Research Program’s (NSRP) core mission to reduce the costs associated with Navy shipbuilding and repair, the NSRP Executive Control Board has selected 14 new research and development projects for award, totaling approximately $1.2M. These projects will be executed
Navios Maritime Holdings Inc. (NYSE:NM) , a global, vertically integrated seaborne shipping and logistics company, announced the delivery of a new build Capesize vessel and the agreement to acquire another new build Capesize vessel.The Navios Antares, a 169,059 dwt Capesize vessel, was delivered
J. Ray McDermott will undertake fabrication and installation work for the P-61 Tension Leg Wellhead Platform (TLWP) in more than 3,871 feet of water, for the Papa Terra Joint Venture, consisting of Petrobras (operator) and Chevron. The overall P-61 project — comprising design, engineering,
Climate change is a global problem that requires real solutions. That's why the Government of Canada supports a proactive approach to achieve real environmental and economic benefits for all Canadians. The causes of climate change and its impacts on the environment and human health are now more understood.