Marine link
 

Steady Growth

Jee Announces Expansion for UK Growth

Trevor Jee

Jee Ltd, an indepenedent multi-discipline engineering and training firm, has announced further plans for expansion to accommodate the company’s growth strategy and the creation of 150 new jobs in the UK. The company which provides a complete range of subsea engineering expertise also announced the appointment of new board members Andrea Haywood, Finance Director, and Jenny Matthew, Director, who will help drive steady growth plans, with the aim of increasing turnover from £5million to £20million in the next 4 years. Jee managing director, Trevor Jee said: “The Jee team, which is spread between Aberdeen and Tonbridge, near London, has already outgrown the current Aberdeen office, having doubled in size this year. As part of a carefully managed growth strategy, we have plans in place to expand the Aberdeen team into new Westhill premises and open an engineering office in Central London, with the potential of creating 40 jobs in the UK by the end of 2013 and a total of 150 UK jobs over the next 4 years.    “Our biggest growth area has been in subsea projects, a large focus for 2012 has been adding to our subsea engineering team, building on the wealth of knowledge the company already possesses as our client portfolio rapidly increases in this area. This recruitment drive will carry on into 2013


Denison Yacht Sales Acquires Generation Marine

NEW denison logo (2).jpg

Industry Leader Continues Strategic Path of Growth. Denison Yacht Sales is pleased to announce its acquisition of Generation Marine, a Fort Lauderdale-based yacht brokerage and service company.  Generation Marine's reputation in the trawler and explorer yacht categories helps strengthen Denison's position in this segment of the yachting market. "We feel strongly that the trawler and expedition markets will continue their steady growth," said Bob Denison


Globalization Keeps Future Bright for Shipping

  By Rich DeSimone     The economic storm signals are all around us: the wild swings in stock markets globally, the contraction of credit availability worldwide and the frequent use of the dreaded “R” word. Is the United States headed for a deep recession? Is a recession already under way? Will the slowing U.S. economy drag the rest of the world’s countries into recession as well?


Chinese Shipbuilder Wins 2012 Award

Luan Xiao Ming, Chief Operating Officer and Executive Director of China Rongsheng Heavy Industries: Photo Rongsheng

China Rongsheng Heavy Industries wins the 'Seatrade Global Performer 2012' award China Rongsheng Heavy Industries, a privately owned enterprise from China, was awarded the “Seatrade Global Performer 2012” at a ceremony in London.
 Mr. Luan Xiao Ming, Chief Operating Officer and Executive Director of China Rongsheng Heavy Industries, received the award on behalf of the Group. Mr. Luan said, “China Rongsheng Heavy Industries was very honoured to receive this prestigious


Japanese Light Industries Look to Expand in Middle East

Dubai Image web.jpg

A high-level delegation from Japan External Trade Organization (JETRO) recently visited Dubai World Central, the world’s first purpose-built aerotropolis, to take a closer look at the state-of-the-art infrastructure and facilities available to Japanese companies seeking to establish and expand their business operations in the Middle East.  The visit of the Japanese delegation is in line with DWC’s strategy of attracting leading international companies to commence


Laid-Up Container Ships

A sharp contraction in world trade has idled more than 200 container ships, threatening the survival of many companies, according to The Journal of Commerce. "The slump in container shipping appears certain to extend into 2010 or beyond. Some companies won't survive," said Joseph Bonney, editor-in-chief of The Journal of Commerce. Carriers operating from Asia to Europe, the world's busiest container trade route, are expected to lose up to $5b this year


Moody's May Upgrade Royal Caribbean

Moody's Investors Service placed the long term debt ratings of Royal Caribbean Cruises Ltd. on review for possible upgrade based on its improved debt protection measures, and the steady growth in earnings and cash flow as well as its reduced need for debt to fund capital expenditures following its equity issuance. Moody's review will focus on the impact of Royal's extensive ship building program on debt protection measures


IBIA Gains IMO Consultative Status

The International Bunker Industry Association (IBIA) gained Consultative Status at the International Maritime Organization (IMO). IBIA's status has been confirmed by IMO's Council after IBIA received formal recommendation from the Marine Environment Protection Committee (MEPC) at its meeting in 2005. Don Gregory, chairman of IBIA, says: "IBIA has rapidly developed in stature and influence and has enjoyed steady growth in membership since its formation 10 years ago


MSC Europe Experiencing Steady Growth Stream

MSC (Europe) Ltd., the European subsidiary of Maritime Services Corporation, Hood River, Ore. is currently handling various projects throughout the U.K. and Europe, mainly a $2 million conversion of a fast ferry into a casino vessel for Israeli-based Athissa Shipping. MSC provided ship units, project management and fitters for installation of duty free and other shops onboard Fred Olsen's MV Black Watch. The company also installed galley modifications and waste handling equipment onboard


Paradip Port on a robust expansion mode

Paradip Port

  Paradip Port, one of the twelve major ports of India, located close to the mineral rich states on the East coast plans to add significant capacity to meet the ever increasing demand in the region. As a part of its capacity expansion program, Paradip Port Trust intends to develop a Western Dock complex comprising of 6 berths each with a capacity of at least 10 MTPA. In this regard, PPT conducted a conference yesterday for potential investors to present the opportunity and take feedback


Lindner Sees Strong 2015

Mikael Lindner, President, Scania North America

On the last day of what proved to be a busy Workboat show in New Orleans, Mikael Lindner, President, Scania North America, sat with Maritime Reporter & Engineering News to reflect on the current and future direction of the power company’s marine business in North America.


Shipbuilding, Repair and Conversion: Brazil's Quick Fix

Vard Promar shipyard in Pernambuco at night. (Photo: Vard Promar)

The growth trend continues in the Brazilian shipbuilding industry, a trend that has been relatively constant during the last five year. While shipbuilding is ‘ship shape,’ the reality of the Brazilian ship repair industry is somewhat muddled


Bibby Subsea Inks Contract with Bordelon Marine

 Andrew Duncan, President and Managing Director of Bibby Subsea (image: courtesy Bibby Offshore)

Bibby Offshore’s Houston-based division, Bibby Subsea has signed a three year contract with Bordelon Marine to charter a new vessel. The Brandon Bordelon is an ultra-light intervention vessel (ULIV) and will commence a three year charter in August 2015 primarily operating in the Gulf of


GAC Norway Joins 2014 Gaselle List

Mikael Rodseth, General Manager of GAC Norway

GAC Norway AS has been added to the 2014 Gaselle List, a nationally-recognised catalogue of Norwegian businesses that have proven sound finances and sustained growth over a number of years. Introduced by the newspaper Dagens Naeringsliv, the List features companies that have demonstrated steady


Denet Towing Repower Saves 20% in Fuel

13L Marine Low Res from Rear WEB.jpg

Jerrold Denet, owner of Denet Towing in Boothville, La., is as straight forward as they come. When asked why he started his towing company in 1982, the response was incredulous: “Why did I start it? I started it to work and to make money!”


A Classic Repower

Photo courtesy of Vane Brothers

The tug Falcon was built by Modern Marine Inc. in 1978. In the intervening years, companies that employed her have changed hands a number of times until 2013 when Vane Line Bunkering of Baltimore, Maryland purchased Kirby Marine’s Philadelphia bunkering division.  


Houston Port Commission Approves budget

Logo

  The Fiscal Year 2015 Operating and Capital Budget was approved Thursday during a special meeting of the Port Commission of the Port of Houston Authority.   Projections by the Port Authority anticipate increased revenues in 2015


Ezra Bags $70m in Offshore Contracts

Courtesy  Ezra Holdings

Ezra Holdings Limited, a leading contractor and provider of integrated offshore solutions to the oil and gas industry, today announced that the Group’s Subsea Services division, EMAS AMC, has won multiple new awards from various energy companies valued at over US$70 million.


Hundreds of Veterans Attend Military2Maritime Event

M2M-Logo HI-RES.jpg

National Program Helps Veterans Transition to New Jobs in the American Maritime Industry More than 400 veterans attended a Military2Maritime career fair this week sponsored by the American Maritime Partnership (AMP), the voice of the domestic maritime industry


Sinopec's Profit up at 32.5 billion yuan in 1H, 2014

sinopec

  Asia's largest refiner - China Petroleum & Chemical Corporation announced Friday night, according to international accounting standards, the first half net profit of 32.543 billion yuan, an increase of 7.5%. Semi-annual report and display


Evergreen Line Makes Maiden Call to Boston

ItalLunare docked at the Port of Boston

Evergreen Line’s ItalLunare celebrated its maiden call to the Port of Boston with an official first call and plaque presentation on Wednesday, the Massachusetts Port Authority (Massport) announced. This is the first time Evergreen Line has called Boston directly in nearly 30 years.


HK's COSCO International Reports Strong Profit Growth

For the  six months ended 30th June 2014, shipping services provider COSCO International has announced that its 2014 Interim Results show strong profit growth with Net Profit up 45% YOY. Results Highlights Strong profit growth: profit attributable to the equity holders surged


Hanjin Makes Maiden Call to Boston

Hanjin Milano made its maiden call at Conley Terminal Friday (Photo: Massport)

The containership Hanjin Milano made its maiden call at Conley Terminal Friday, the Massachusetts Port Authority (Massport) announced. This is the first time that Hanjin Shipping has called the Port of Boston directly, opening a new channel of economic impact for the region.


Port Everglades Updates Master/Vision Plan for Future Growth

Map of Port Everglades

  Port Everglades is planning for the year 2033 with an updated roadmap for future growth over the next 20 years that identifies $1.6 billion in capital investments to improve productivity for cargo, cruise and petroleum businesses that operate at the South Florida seaport.


GPA Spends $86.5m on Ship-to-Shore Cranes

Photo courtesy of GPA

The Georgia Ports Authority Board approved Monday $86.5 million to purchase four new ship-to-shore cranes and 20 new rubber-tired gantry cranes (RTGs) used to handle containers at Garden City Terminal.   “Our continued infrastructure investments enable us to work larger vessels and






 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright