Marking a departure from the company's highly effective chartering strategy of the past 30 years, three self-owned newbuilds are being phased into Contship Containerlines' core Australasian trades during the 2002 second-half. The 4,115-teu Contship Aurora class is technically distinguished by its considerable scope for perishable cargo, in that 1,300 plugs have been incorporated for integral type refrigerated containers. The trio ordered from Daewoo Shipbuilding & Marine Engineering is replacing tonnage deployed on Contship's Eagle service between Europe, Australia and New Zealand, operated in partnership with P&O Nedlloyd's eastabout and Mediterranean strings, and will ultimately contribute to a new, weekly eastabout, round-the-world schedule. The dimensioning and engineering of the design for up to 1,300 reefer units equates to a potential, temperature-controlled cargo volume of around 2-million cu. ft., one of the biggest concentrations of reefer transport capacity at sea today. Underscoring Contship's long-term commitment to the business, the investment in the Contship Aurora, Contship Australis and Contship Borealis has been shaped not only by considerations of through-life economic performance and asset value, but also with due regard to rising expectations as to environmental protection. A circumspect approach to the ecological properties of the design is reflected in each ship's construction to the parameters set by Germanischer Lloyd for its new Environmental
The Coast Guard and the U.S. Environmental Service are coordinating efforts to investigate and clean up an oil spill found 30 miles west of New Orleans on the Mississippi River at approximately mile marker 135 on Oct. 5, 2008. Coast Guard Sector received the report that nearly 630 gallons of number 6 fuel oil had discharged from the bulk freighter the, Jimilta II.The cause of the spill is under investigation.
SeaArk Marine and Alan C. McClure Associates (ACMA) teamed to design, build and deliver a customized crew boat to Maryland Environmental Services (MES). The 48-ft. Dauntless Class all-welded aluminum crew boat is a deep-vee hull designed to transport officials and dignitaries to view the progress being made in reclaiming wetlands for the Poplar Island Project on Maryland's Eastern Shore in the Chesapeake Bay. ACMA's initial efforts were focused on defining the requirements and general
The ports of Antwerp, Mannheim, Rotterdam, Strasbourg and Zwitserland signed a cooperation agreement for the introduction of LNG in the European inland shipping sector. The cooperation includes studies, promotion, knowledge transfer, regulations and bunker infrastructure.The agreements are set up in the framework of the LNG Masterplan for Rhine-Main-Danube, a project in which all five ports are partners. The goal of the LNG Masterplan is to introduce LNG as a fuel for inland shipping
Jones Day has advised long-standing client J.F. Lehman & Company, a mid-market private equity firm focused on the defense, aerospace, and maritime sectors, in connection with the £32 million (approximately $50 million) acquisition and related financing of the UK, Spanish, German and Australian marine distress signals business of Chemring Marine, which designs and manufactures SOLAS and MED approved products including hand flares, linethrowers, smoke-signals
Local, state and federal agencies are holding an oil spill response exercise at the Port of Houston, April 25-26. The exercise scenario simulates an explosion, fire onboard the ship Cape Trinity, and a 252,000 gallon oil spill in the turning basin of the Houston Ship Channel. The Cape Trinity is a Maritime Administration (MARAD) ship used for transporting military equipment and supplies overseas. The exercise, called Trinity 2006
The Massachusetts Maritime Academy has received a pledge from Clean Harbors Environmental Services, Inc. of Norwell, Mass. in the amount of $1.5m for naming rights to its contiguous athletic stadium and gymnasium complex. The acceptance of the pledge, which was presented by Clean Harbors Chairman and Chief Executive Officer Alan S. McKim, was approved unanimously earlier this morning by the school's Board of Trustees and announced by Admiral Richard G
J.F. Lehman & Company Announces Definitive Agreement to Acquire National Response Corporation from SEACOR Holdings, Inc. J.F. Lehman & Company, a middle-market private equity firm focused on the maritime, defense and aerospace sectors, announced today that it has signed a definitive agreement to acquire National Response Corporation and its affiliated businesses NRC Environmental Services and SEACOR Response (collectively "NRC") from SEACOR Holdings Inc
Fourteen WTO members launched plurilateral negotiations for an Environmental Goods Agreement on 8 July 2014 at the WTO. These members said the talks will promote green growth and sustainable development while providing impetus for the conclusion of the Doha Round. The participants said the talks are open to any WTO member and that the results will be applied in accordance with the most-favoured nation principle
SEACOR SMIT announced net earnings for the first quarter ended March 31, 2002 of $11,406,000, or $0.55 per fully diluted share, on operating revenues of $103,643,000. In the comparable quarter ended March 31, 2001, SEACOR earned $12,134,000, or $0.62 per fully diluted share, on operating revenues of $93,200,000. Net earnings in the immediately preceding quarter ended December 31, 2001 were $18,679,000, or $0.93 per fully diluted share, on operating revenues of $109,804,000.
Market volatility for the petroleum sector provides a backdrop to an evolving Merger & Acquisitions environment for the Offshore Sector. In the 3Q edition of Maritime Professional, this series of articles examined the overall evolution of maritime and offshore M&A activity since 2010
Danos recently added an Environmental Services Division to the company’s collection of oilfield related services, which includes production workforce, construction, fabrication, coatings, instrumentation and electrical, and shorebase and logistics.
Atlantic Coast Marine Group, Inc. successfully responds to World War II era motor tanker leaking massive cargo of oil into the Atlantic Ocean's waters. Beaufort, North Carolina-based Atlantic Coast Marine Group, Inc. (ACMG), a marine salvage, emergency towing and environmental services provider
Cargo-carrying unit, OEG Offshore, announced its gain of OSCA Environmental Services Ltd., saying the acquisition expands its international reach in the Caspian region. OEG has acquired OSCA's 2,500-unit stock has multiple bases including: Baku, Azerbaijan and Aktau, Kazakhstan, and Turkmenistan
Mexican ferry company Baja Ferries said on Tuesday it hopes to close a deal to buy troubled French ferry operator SNCM before November or December. SNCM (Societé Nationale Corse-Méditerranée), which runs routes from cities on France's Mediterranean coast to Corsica and
Largest provider of dredging services in the United States, Great Lakes Dredge & Dock Corporation (GLDD) informs it has completed the sale of NASDI, LLC and Yankee Environmental Services, LLC, its two subsidiaries that comprise the historical demolition business
International maritime logistics expert Cory Logistics, part of Braemar Shipping Services plc, has formed a joint venture with universal supply chain specialist Navarm Limited to create a single source provider for a full suite of maritime and land based services for the nuclear new build industry
National Response Corporation (NRC), a portfolio company of J.F. Lehman & Company, announced today the completion of the acquisition of Specialized Response Solutions (SRS). NRC is a commercial provider of United States Oil Pollution Act of 1990 regulatory compliance and emergency response
Devon Grennan joined Global Diving & Salvage in 1995 and has served many roles. When company founders Tim Beaver and John Graham stepped down from direct operational involvement, Grennan was named CEO. Maritime Reporter & Engineering News caught up with Grennan for his insight into his
Tetra Tech, Inc., says it has been awarded the US$60-Million contract with the U.S. Coast Guard (USCG) for professional architect-engineering environmental services. Under this five-year, multiple-award contract, Tetra Tech will provide services in support of USCG environmental compliance
Global Diving & Salvage, Inc. announce the hiring of Jim Riedel, to join its Pacific Northwest Environmental Division. Based out of the Seattle corporate office, Mr. Riedel will assist in the management of existing preventative booming operations as well as the pursuit of additional
Coast Guard members are working with Miller Environmental Services and Texas General Land Office specialists to clean up naturally occurring tar balls discovered on 20-mile stretch of land from Padre Island National Seashore to the beaches of Port Aransas, Tuesday.
National Response Corporation (NRC) announced the completion of the acquisition of OP-TECH Environmental Services, Inc. (OP-TECH). NRC was acquired in March 2012 by investment affiliates of J.F. Lehman & Company, a leading middle-market private equity firm focused on the defense, aerospace
Ashtead Technology, announces the sale of its North American Instruments business. The Instruments business, which specialises in the rental of onshore environmental monitoring, non-destructive testing and visual inspection equipment, has been acquired by New Jersey-headquartered Pine
The merger earlier this year of Fugro's three UK-based environmental service providers to form Fugro EMU made it the largest organisation in the UK. Fugro EMU Limited, the largest commercial marine environmental services organisation in the UK