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BLUE WATER

Sunken Treasure Hunter Merges Businesses

Underwater searchers for treasure, Blue Water Ventures International, Inc., combines with SmartPay Express, Inc. As a result of these transactions, Blue Water Ventures will now be in the business of searching for and recovering historical cultural artifacts, intrinsically valuable cargo and treasure from shipwrecks, primarily in shallow water in the Caribbean and off the coasts of Florida, the business engaged in by Blue Water since 2005. SmartPay Express, Inc.,has changed its name to Blue Water Ventures International, Inc. (the "Company") in anticipation of the exchange of 18,136,500 shares of its common stock for the assets of Blue Water Ventures International, Inc. ("Blue Water).  The transaction, closed on June 15, 2012, and on the same day, in a separate and unrelated transaction, the Company also disposed of its smart card business in the People's Republic of China in exchange for the unrelated purchaser's assuming the Company's liabilities relating to that business. Also as a result of these transactions, Blue Water now holds 18,136,500 shares of the Company's common stock, or approximately 93.3% of the Company's 19,428,666 issued and outstanding shares of common stock, which it anticipates distributing to its shareholders pro rata. W. Keith Webb, the founder and President and Chief Executive Officer of Blue Water, was the beneficial owner of more than a majority of Blue Water's issued and outstanding shares of common stock and


Teekay Saves Fuel with Cargo Heating Management

Two years after Teekay entered into a contract with Blue Water to provide cargo heating management services onboard its vessels in, its fleet has registered fuel savings in excess of 25% on an average from over 225 voyages. The cargo heating management services were deployed onboard its vessels as part of Teekay’s efforts towards fuel savings and operational optimization. The service was conceptualized by the India-based marine consultancy firm, Blue Water Trade Winds Pvt. Ltd


XL Group’s Marine Unit Expands Hull Insurance Resources

XL Group plc’s (NYSE: XL) North American Marine business expands its blue water hull risk management capabilities in New York with the addition of Siobhan Coen and Jeff Loechner as senior underwriters and Eileen Fellin as a senior claims consultant.   According to Rich DeSimone, President of XL Group’s North America Marine business, “Siobhan, Jeff and Eileen collectively add nearly six decades of hull underwriting, particularly in blue water hull coverages


Not 'Divers Abandon Boat', But 'Thai Boat Abandons Divers'

Image courtesy of ThaiVisa

An East Valley couple vacationing to celebrate their first anniversary found themselves abandoned in the ocean, after a dive trip went wrong off the coast of Thailand, reports KHOU.com, Houston, Texas. Lexa and Jake Mendenhall recently became certified scuba divers, and were looking forward to their first real dives in the blue waters off Thailand.

They made two one-hour dives, and all was well until they surfaced.  Their boat was gone.


XL Appoints Regional Vice President in New York

XL Group added marine underwriting expertise with the addition of John E. Ellis as Regional Vice President in its North America Marine business in New York. In his new role at XL Group, John will be responsible for managing and building XL Group’s Marine Cargo, Primary and Excess Marine Liability, Inland Marine, and Blue Water and Brown Water Hull business throughout the Northeast. John joins XL Group from International Marine Underwriters/One Beacon where he held the position of


FLIR Introduces MU-Series Thermal Imaging Technology

Photo: FLIR

FLIR Systems, introduces the MU-Series, a thermal night vision system. The multi-sensor payload comes with a cooled midwave infrared, high-resolution 640 x 512 thermal camera and a high-resolution color camera.Other options include a low-light black and white camera to help with low-light situational awareness and a wide field of view uncooled longwave infrared, high-resolution 640 x 480 thermal camera to maximize MU-Series’ spectral range.


Bollinger Repowers, Modifies 40-Year-Old Tug

Bollinger recently gave new life to an old boat, the 150-ft. Guardian, originally named Gale B., which was built by Southern Shipyard in 1963. It was owned by Midland Enterprises and was part of a tug/barge unit with the hopper barge Martha B. Midland sold the barge to Moran about three years ago and the tug was on the market when it was acquired by Velvet Maritime, LLC. "It was in good shape with a good purchase price," said Andre Ledoux, president of Velvet Maritime


Grand Bank Yachts Expands Aleutian Series

Grand Banks Yachts announced the expansion of its flagship Aleutian Series with its first 70-ft. raised pilothouse. The Aleutian 70 improves on already first-class handling, speed, stability, and accommodations of the 64 Aleutian. Primary among the improvements is a spacious cockpit that is ideal for entertaining, lounging or fishing. The interior defines space and luxury with three private staterooms, crew's quarters, four separate heads, and a salon with crown molding details


Seaspan Signs Newbuilding Contracts

Seaspan Signs Newbuilding Contracts for Fuel Efficient SAVER Design 14,000 TEU Class Vessels at HHI Secures 10+2 Year Time Charters with Yang Ming Seaspan Corporation (NYSE:SSW) has announced that it has signed contracts for the construction of five 14,000 TEU class newbuilding containerships at Hyundai Heavy Industries Co., Ltd. The vessels are scheduled for delivery in 2015 and will be constructed using Seaspan's fuel efficient SAVER design


Boston Whaler Debuts New Security Products

Timing, it is said, is everything. Boston Whaler Commercial & Government Products has combined timing with a sterling reputation in introducing a pair of new products touted as a plank in the war to keep terrorism from U.S. shores. According to Eric Caplan, director of Boston Whaler Commercial & Government Products, the Sentinel is a unmanned surface vessel (USV), which is a sensing platform able to carry a wide variety of the latest technology sensing systems available.


ASNE to Host Blue Green Sustainability Symposium

The American Society of Naval Engineers (ASNE) Blue Green Sustainability Symposium is an inaugural event highlighting emerging technologies and solutions to meet the modern challenges of environmental consciousness in the maritime industry.


Ship Ready to Destroy Syria's Chemical Arms at Sea

The container ship M/V Cape Ray departs Portsmouth, Va., Jan. 10, 2014, for sea trials. U.S. Navy photo by Petty Officer 3rd Class Lacordrick Wilson

Experts on board a cargo ship transformed into a multimillion dollar chemical weapons destroyer said on Thursday they were ready to start working on Syria's stock of toxic arms in the middle of the Mediterranean as early as May. Now they just have to hope the weather holds and Damascus delivers


The Monterey Bay - A Leader in the Blue Economy

California’s blue economy is a +$50 billion industry. Today, marine science and the blue economy directly affect various business and government sectors such as offshore oil and gas production, national defense, seafloor exploration, communications, agriculture production, renewable energy


NPS Littoral Operations Center to Focus on Global Littorals

USS Freedom (LCS 1) (U.S. Navy photo by Sean Furey)

What does it take to win in the littoral? Start with knowledge. Naval warfare in littoral waters is very different from open ocean operations. The U.S. Navy is dominant in “blue water” scenarios, but less so in the littoral, naval experts say.


Thai Dive Boat Sinks in Andaman Sea +20 Rescued

MV Blue Star: Photo courtesy of Chalong Sea Sports

The MV Blue Star, belonging to Chalong Sea Sports, caught fire and sank in Burmese waters while on a week-long dive trip. All 20 or so people on board are safe, though they lost their belongings, and a great deal of expensive dive gear is understood to have gone down with the boat


Moose Boats Delivers Two Patrol Vessels

photo: Moose Boats

Moose Boats, an aluminum boat designer and manufacturer in the San Francisco Bay Area announced the delivery of two patrol boats in late 2013. M1-44’ Patrol Boat delivered to Bridgeport Police Department in Connecticut Moose Boats delivered a new M1-44 Catamaran Patrol Boat to Bridgeport


New Tech & Tug Training

IMG_9640.jpg

Mass. Maritime responds to industry demand, reloads with cutting edge Transas equipment, and moves to the head of the brown water training queue. It was a dark and stormy night with choppy seas. I didn’t hit anything, but I did run aground twice while at the helm of the tug boat simulator


Maritime Academies Return to Brown Water

Graduation Demographics 3A.jpg

The latest surge in blue water shipbuilding and the seagoing billets that those jobs create is a welcome change for a domestic maritime sector that had seen nothing but decline for the past four decades. Still, and from a training, demand, and recruitment point of view


BW Offshore: VLCC Acquired for Future Projects

 BW Offshore announced that it has exercised an option to acquire the tanker Blue Opal for $83.4 million from Daewoo Shipbuilding & Marine Engineering (DSME).   Blue Opal is a DSME designed and built VLCC (320,000 dwt) from 2012.


BW Offshore Acquires VLCC from DSME

BW Offshore has exercised an option to acquire the tanker Blue Opal for USD 83.4 million from Daewoo Shipbuilding & Marine Engineering (DSME).  Blue Opal is a DSME designed and built VLCC (320,000 dwt) from 2012. BW Offshore has performed detailed engineering studies and inspections of


Hempel Blue Series Launched in India

A new range of protective coatings, the Blue Series offers customers advanced Hempel technology at a competitive price. Launched in India in September this year, the Blue Series includes a full range of products for new construction and maintenance in a number of applications.


'Blue Orca' Active in North Sea Well Stimulation

Similar well-stimulation vessel: Photo credit Baker Hughes

Maersk Oil has contracted with well-stimulation vessel owner Baker Hughes for the charter of the 'Blue Orca', currently busy in restoring safe and efficient production to ageing North Sea wells. The Blue Orca incorporates state-of-the-art stimulation technology and unsurpassed treatment


Date for Diary: Upcoming BWMS Conference

Invasive Zebra Mussels from ballast water: Image in public domain

The Copenhagen International Ballast Water Management Conference 2013 will be held in Copenhagen, Denmark, on November 1, 2013.The conference focuses on the IMO Ballast Water Convention, which is expected to take effect at some point in the not too distant future.


TMA Names Greg Cox 'Supporter of the Year'

Greg Cox: Photo courtesy of TMA

'Blue Champion' Chairman Greg Cox of the San Diego County Board of Supervisors has been a member of the San Diego County Board of Supervisors since 1995 and on September 9, 2013 was appointed to serve on the California Coastal Commission. The Maritime Alliance (TMA) explains the choice:


W&O Expands Repertoire

“The brown water segment of the tank barge industry is very strong, as is the offshore vessel market (PSVs, AHTS, OSVs).  Backlogs in the shipyards are healthy and a steady workload is already forecasted, in many cases, through 2014.”  Michael Hume, CEO, W&O

Insights on recent moves from Michael Hume, CEO We have watched for years as W&O has transformed itself from a pipe and valve supply company to an engineered solutions provider. When you look at W&O today, what do you see … or perhaps more importantly


 
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