Cuba Struggles to Attract Investors Despite Reforms
Cuba has yet to attract new foreign investors despite launching two major initiatives in the past year, a sign of the lingering caution over doing business with the communist government and its own hesitancy to follow through on free-market-style reforms. Cuba last November opened a China-style special development zone, including a new container terminal at Mariel Bay. It also passed a new foreign investment law in March…
CMA CGM to Launch New Joint Liner Service
CMA CGM S.A. announced it act in cooperation with China Shipping Container Lines (CSCL), Orient Overseas Container Lines (OOCL) and Pacific International Lines (PIL)…
Swedish Club Results Show Improvement
The Swedish Club today announced its half-year results in which it reported that the club continued to demonstrate a solid performance in the first six months of…
Maritime Reporter @ 75: The Daily Cartoon
Maritime Reporter & Engineering News was founded by John J. O'Malley (1905-1980) in 1939, and today ranks as the world's largest audited trade publication in the world serving the maritime industry, with a circulation of more than 35,000 worldwide, including ship and boat owners, ship and boat builders, naval architects and marine engineers. Today Maritime Reporter heads a group of four print and 10 websites serving the global maritime, offshore and subsea sector.
Ecuador Coastguard Orders Damen Patrol Boats
Damen announced it has recently signed a contract with AstillerosNavalesEcuatorianos (Astinave) to construct two Damen Stan Patrols (Spa) 5009 for the Ecuadorian Coastguard. The Ecuadorian shipyard will build both vessels locally with Damen Technical Cooperation, which is Damen’s method of ‘building on site’. Damen Technical Cooperation (DTC) will supply Astinave with prefabricated kits to build both vessels.
TMT CEO Files $100m IP Suit Over Vessel Sale
Hsin-Chi Su, Chairman and CEO of Today Makes Tomorrow Group (TMT) launched a suit in Texas federal court on July 28, 2014, alleging that a planned bankruptcy sale of three company ships, including M.V.D Whale, M.V.G Whale and M.V.H Whale, to Mega International Commercial Bank Co. Ltd. (Mega Bank) will strip him of intellectual property worth more than $100 million for each ship. According to Ken Liang's deposition at the court, Mega Bank is the agent for vulture fund Oaktree Capital Group. U.S.
LNG America Selects Topside Designer for LNG Bunker Barge
LNG America has selected Taylor-Wharton to commence the front-end engineering and design work for the cryogenic topside of the company’s 3,000 cubic meter Gemini Class LNG bunker barge scheduled for delivery at the end of 2015. “Taylor-Wharton has been actively engaged in the development process and instrumental in helping to develop the critical path time line for a late 2015 in-service date,” said Keith Meyer, CEO of LNG America.
Port Réunion to Become Strategic Maritime Hub
The CMA CGM Group announced Rodolphe Saadé, Vice-Chairman, was with President Hollande to Reunion Island to lay the cornerstone for the future Port of Reunion Island.
MN 100: Delta T Systems, Inc.
Delta T Systems designs and manufactures money-saving engine room ventilation systems comprised of fans, dampers, moisture eliminators and control systems which increase engine efficiency while reducing maintenance costs. Services include engineering Services, analysis, Ventilation System Design, and full manufacturing Services. The firm is the U.S. Agent for Cranston Eagle Marine products. In the 22 year history of the company…
MN 100: Brunswick Commercial and Government Products
420 Megan Z. Brunswick Commercial and Government Products (BCGP) has been building the toughest boats for the toughest jobs since the 1960’s. Known then as Boston Whaler Commercial and Government Products, the company has continued to grow and expand. Its boats, like its customers, have earned their stripes in countless rescue, combat missions, and life-threatening circumstances. A subsidiary of the Brunswick Corporation…
MN 100: Conrad Shipyard
Conrad specializes in the construction, conversion and repair of a wide variety of steel and aluminum marine vessels for commercial and governmental customers. Conversion projects consist of lengthening the mid-bodies of vessels, modifying vessels for a different type of activity and other modifications to increase vessel capacity/functionality. Conrad also conducts routine drydocking and repairs as well as inspections required by the U.S.
MN 100: Dometic Marine
2000 N. Andrews Ave. Ext. Dometic Marine, a division of the Dometic Group, is the world’s largest supplier of innovative and technologically advanced comfort systems and equipment for yachts and pleasure boats and a major supplier of HVAC, engine room ventilation, watermakers, and toilet systems to the commercial, workboat and military markets. A specialist supplier to OEM, refit and repair and aftermarkets…
MN 100: BAE Systems Ship Repair
750 W. BAE Systems, Inc. is the U.S. subsidiary of BAE Systems plc, a global defense, security and aerospace company which delivers a full range of products and services for air, land and naval forces, as well as advanced electronics, security, information technology solutions and customer support services. Headquartered in Arlington, Virginia, BAE Systems, Inc. provides support and service solutions for current and future defense…
The World's Most Expensive Jones Act Tanker
The series highlighting the world's most expensive active vessels from online ship intelligence and information service VesselsValue.com focuses this week on the most expensive tanker vessel, which is not a VLCC but a Jones Act aframax. The first-in-class double hull tanker Liberty Bay is an 820-foot, 115,000 dwt aframax tanker built this year by Aker Philadelphia and owned by Seariver Maritime. The tanker…
Signet Tows Aircraft Carrier on Final Voyage
The final voyage of aircraft carrier USS Saratoga begins today. From the Eastern Hemisphere to the Western Hemisphere, the USS Saratoga has made her mark around the globe, and served more than 38 years in the United States Navy. The carrier’s aircraft flew sorties in the Vietnam War, in Operation Desert Shield and over the states of the former Yugoslavia in 1992. Throughout its four decades of service, more than 60,000 sailors served on its decks, with roughly 5,000 at any given time.
Revision Proposed for Fishing Vessel Cargo Regs
The U.S. Coast Guard (USCG) proposed revisions to its regulations for commercial fishing vessels carrying flammable or combustible liquid cargos in bulk. The proposed…
Today in U.S. Naval History: August 21
Today in U.S. 1800 - U.S. Marine Corps Band gave its first concert in Washington, D.C. 1883 - Installation of the first electric lighting on a US Navy Ship completed on USS Trenton. 1920 - Radio station built by U.S. Navy and French Government transmits first wireless message heard around the world. At time it was the most powerful radio station in the world. 1951 - First contract for nuclear-powered submarine awarded.
Harris Secures Certification for its Multi-channel Manpack Radio
Harris Corporation (NYSE:HRS) has received Type-1 National Security Agency (NSA) certification for its Falcon III® RF-340M multi-channel manpack radio. The certification…
Lithuania Inks First Statoil LNG Deal
Lithuania seeks to cut dependence on Russia; Statoil to supply 0.54 bcm of gas per year. This will cover about 20 pct of Lithuania's demand. Lithuania signed its…
Keppel Delivers 4th Jackup Rig to Qatar
Keppel FELS Limited (Keppel FELS) has delivered its fourth jackup rig, "Dukhan", to Gulf Drilling International Ltd. q.s.c. (GDI) of Qatar nine days ahead of schedule…
