ABS Group Concludes Acquisition of Safetec Nordic AS
ABS Group of Companies, Inc. concluded its acquisition of Safetec Nordic AS, with a signing ceremony attended by senior ABS, ABS Group and Safetec management in Trondheim, Norway, on January 5, 2012.
Latin America on the (Offshore O&G Spend) Move
While much attention rightfully is paid the development of offshore oil and gas spending offshore Africa, a new report claims that Latin America is one of the fastest growing regions globally…
arl-shipping.com Launches Cloud Terminal Tools
arl-shipping.com launched cloud based collaborative planning, optimization and performance measurement apps for container terminal operators. The tools are instantly…
Container Freight Rates Gain
A short-lived revival in rates still means rich pickings for shippers coming into the transpacific contracting season, but beware the capacity crunch to come. Shippers…
Shipping Facing Serious Long-Term Challenges
SHIPPING is going to need a great deal of resilience to meet the challenges of the next twelve months, according to international accountant and shipping adviser, Moore Stephens.
Austal Vessel Ehances Wind Farm Ops
Building on its initial success in the renewable energy market, Austal has confirmed a contract for a fourth wind farm support vessel for Turbine Transfers Limited. The order is the first for a new Austal design which will enable safer and more efficient offshore wind turbine service. Welcoming the follow-up order from the UK-based company, Austal Chief Executive Officer, Andrew Bellamy, said the shipbuilder…
Work Boats Exchange Roster Gains Momentum
Regardless of industry, the ability to continually meet potential new clients is the cornerstone to any company’s success. While the marine industry is well armed globally with traditional exhibitions, an emerging concept — the Hosted Buyer Event — is gaining steam as a viable and productive means to earn new business. “Hosted Buyer Events are quite commonplace on the automotive side of ZF’s business,” said David Santos, Product Line Manager – Commercial Craft, ZF Marine LLC.
Raytheon Anschütz Expands to USA
Raytheon Anschütz is expanding its presence in the U.S. navigation systems market with the opening of its San Diego, Calif.-based operations in January 2012. The…
Svanes Joins NAVTOR as new Managing Director
E-navigation company NAVTOR said that Tor A. Svanes, the founder of C-MAP Norway, has joined the business in the position of Managing Director. Svanes, who is well…
Shipping Industry Facing “Deepwater Horizon moment”
The shipping industry has been warned by a leading maritime lawyer that it may soon face its “Deepwater Horizon moment” in the event of a mega containership casualty. Recent high profile container ship casualties have involved relatively small vessels capable of carrying up to 4688 containers (MSC Napoli). The Rena, which is currently breaking up off the coast of New Zealand, has a capacity of 3352 containers. By comparison, the largest vessels sailing today are carrying over 15000 boxes.
WRI Announces Debut of AquaTex LiquID
Wastewater Resources, Inc., an international provider of wastewater treatment systems and services, announced the debut of their new customizable, real-time, online monitoring system, the AquaTex LiquID. This equipment allows ship operators to monitor in real time, on-line, the BOD, COD, Suspended Solids, Fecal Coliform, and Ammonia without the burden and time lag of traditional lab samples. From a simple monitoring unit located aboard ship…
Horizon Lines Completes Mandatory Debt Conversion
$49.7 Million of 6.00% Series B Mandatorily Convertible Senior Secured Notes Exchanged for Common Stock and Warrants. Horizon Lines, Inc. has announced that it has completed the mandatory debt-to-equity conversion of approximately $49.7 million of the company's 6.00% Series B Mandatorily Convertible Senior Secured Notes (the "Series B Notes"). The mandatory conversion reduces debt, lowers annualized interest payments and is expected to increase the value of the company's shares outstanding.
Ocean Safety Iintroduces Lifebuoy Light
One of the smallest and lightest lifebuoy lights available on the market is the Apollo lifebuoy light. The Apollo has just been launched by Ocean Safety and uses the latest LED technology. It is low on current consumption and high on reliability. It has a 5 year battery life with no maintenance or battery replacement required so it saves time and expense during inspections. The Apollo is simple to fit and comes complete with a fitting bracket to suit most marine applications.
Trawlercat Introduces Anti-Piracy (PEV) Design
Trawlercat Marine Designs of New Westminster, British Columbia, Canada is seeking joint venture partners to join them in building their purpose-designed anti-piracy personal escort vessels (PEV). Trawlercat Marine’s president, Captain Graham Pfister states that “Individual PEV’s can chase pirates away from unarmed and even armed ships. They can prevent groups of pirates from “swarming” and getting close enough to fire their weapons and cause injuries, do damage or even board a ship.
Fendercare in STS Operation off Belfast
Fendercare Marine provide first ship to ship transfer operation off Ireland. Norfolk based Fendercare Marine completed the first ship to ship (STS) transfer off the coast of Belfast last week. The operation was unusually requested by the owners of Genmar Companion following a discovery of a crack in the deck of the vessel en route from Rotterdam to New York. The Genmar Companion had sheltered off Copeland…
Braemar: Interim Management Statement
Braemar Shipping Services plc today issues its interim management statement in relation to the period since the announcement of the interim results on 25 October 2011.
Chinese Ferry Orders Propulsion Package
Weihai Haida Ferry Co., operating in NE China, has placed an order for a 2,200-passenger/1100-lane-metre Ropax ferry featuring a MAN Diesel & Turbo propulsion package. Weihai Haida is the exclusive operator on the route between the major cities of Weihai and Dalian on opposite sides of the Bohai strait in NE China where it undertakes a Ropax service. The company currently has two vessels in its fleet…
Roy Sea Joins IYC
Roy Sea Joins IYC as Florida and California Licensed Yacht Broker. International Yacht Collection (IYC) has announced that, effective immediately, Roy Sea joins the global yachting firm as a Florida and California Licensed Yacht Broker. With a yachting background that spans forty years, Roy Sea has expertise in many of the world’s leading yacht brands and brokerages: Broward, Burger Boat Company, Christensen…
This Day in Naval History - January 11th
1863 - CSS Alabama sinks USS Hatteras off Galveston. 1900 - The gunboat Princeton takes possession of the Batan Islands in the northern Philippines. 1944 - Aircraft…
China Terminal Joint Venture for Odfjell SE
Odfjell SE has made an agreement to enter into a joint venture via its subsidiary Odfjell Terminals Asia Pte Ltd (Singapore), with Tianjin Economic-Technology Development…
