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
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
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
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
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?
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
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
International oil service group Aker Solutions is preparing for major growth by investing NOK 500 million (USD 87 million) in its subsea business. This investment is set to double the capacity of its manufacturing plants in Tranby, Norway, and Port Klang, Malaysia. In addition, a new service base will also be established in Malaysia. The subsea segment of the oil and gas industry is growing rapidly and is expected to develop exponentially over the next few years
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
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
At Intermodal Europe 2013, Carrier Transicold commemorated the 45th anniversary of the invention and production of its first “picture frame” container refrigeration system while looking ahead to its next milestone, the production of its one millionth unit
Bourbon released its results for the third quarter 2013 and reported signs of continued improvement in offshore vessel demand. Revenues were up 8.6% compared to third quarter 2012, and up 12.2% against first nine months 2012 partly as a result of contract renewals at improved rates.
Saltire Energy, supplier of drilling tools to the offshore oil and gas industry, has posted its year end to June 30, 2013 results with turnover up more than 50% from £21.5 million to £32.9 million. Operating profit for the year has also risen from £14.1 million to £18
EBITDA of $37 million is reflecting stable earnings both from chemical tankers and tank terminals in the third quarter. For the chemical tankers business, activity over the summer and through the third quarter held steady and was in line with the second quarter on both contract nominations and
Despite tight budgets and uncertain economic forecasts, demand for WSS services in Japan remains solid, the company said. Speaking after last week’s Bariship Japan event in Imabari, General Manager WSS Japan Yoshihiro Iizuka said that for ship-owners and vessel operators
The National Marine Manufacturers Association (NMMA), announced that recreational boating in the U.S. has an annual economic value of $121 billion. The industry’s rising tide supports 964,000 American jobs and 34,833 businesses, generates $40 billion in annual labor income and drives $83
A cargo ship, MV Fri Ocean, has run aground approximately 2.5 miles south of Tobermory, Sound of Mull. Stornoway Coastguard received a 999 call just after 6 a.m. this morning reporting that a 90-meter vessel carrying wood had run aground on rocks.
New data from The National Marine Manufacturers Association (NMMA) show 88 million Americans expected to take to U.S. waterways this summer. NMMA add that recreational boating in the U.S. has an annual economic value of $121-billion. The industry’s rising tide supports 964
The Port of Hueneme, California, realized the best cargo year it its 76 year history announcing all-time increases in import/export trade. The total tonnage for FY 2012-2013 jumped to 1,438,596 metric tons representing a 9.2% increase over FY 2011-2012, and a 2
Domestic container volume continued its steady performance in the second quarter of 2013 with 9 percent year-over-year gains, largely attributable to a strong big box segment, with total intermodal traffic rising by 2.4 percent for the quarter, reports industry trade association IANA.
Matson, Inc. a leading U.S. carrier in the Pacific, report net income of $20.1 million, or $0.47 per diluted share for the quarter ended June 30, 2013. Net income for the quarter ended June 30, 2012 was $7.8 million, or $0.18 per diluted share.
Recruitment company Faststream has announced the appointment of a new director. Jason Tay has been promoted to director level in the Group’s Singapore base in recognition of his progression and contribution to the business, the company said.
Bourbon reports solid results in a steady market in the first half of year 2013. Revenues were up 14.1% vs. first half 2012 as a result of increasing daily rates overall and a high average utilization rate. Highlights EBIT increased 44.4% versus first half 2012; EBITDA up 22
The 'LNG Greenrhine'' has been christened by Mrs. Edwige Belliard, president of Central Commission for the Navigation of the Rhine (CCNR). The LNG Greenrhine is an electrically powered ship with diesel generators fuelled by LNG (Liquid Natural Gas)
Elliott Bay Design Group (EBDG), the naval architecture and marine engineering firm based in Seattle and New Orleans, has established an office in Ketchikan, Alaska, to meet growing customer demand in that region. EBDG said it is the preferred service provider for a number of Alaska-based