Kvaerner North American Construction Inc. (a subsidiary of Kvaerner) has executed agreements today, with each of Longview Power, LLC, Siemens Energy Inc. and others regarding the disputes between them in both the arbitration proceedings concerning the Longview Project and the subsequent bankruptcy cases of Longview Power, LLC. Under the agreements, Kvaerner North American Construction Inc. will receive an aggregate amount of USD 48 million from various parties. In consideration, Kvaerner North American Construction Inc. will settle certain claims and release the Mechanics' Liens filed against the Longview power plant properties in Maidsville, West Virginia, and will waive all objections in the ongoing Longview Power, LLC bankruptcy proceedings. The settlement is subject to approval in the bankruptcy proceedings. The approval is expected to take place in January 2015 with the receipt of the above-referenced amounts anticipated to occur in February 2015. The financial effects of the agreement will be recognised in Kvaerner's first quarter 2015 accounts. The main financial effects will be reduction of retained assets in the group's balance sheet of USD 48 million. The agreements, upon approval, significantly reduce Kvaerner's uncertainty regarding the final financial outcome of the arbitration and resolve all counterclaims from Longview Power, LLC.
Captain Casey M. Herschler Joins North American Marine Consultants. Captain Casey M. Herschler has been named Director of New Business Development for North American Marine Consultants. Capt. Herschler will be responsible for developing new business ventures including new vessel and barge construction as well as conducting vessel, structure, facility and cargo surveys, insurance assessments and monitoring new construction, conversion and repair processes for clients.
K-Sea Transportation Partners LP, said it signed a $40m contract extension for barge construction with the manufacturing arm of American Commercial Lines. The company said the construction of four 50,000 barrel tank barges will begin in first quarter of 2009, with delivery of the first vessel scheduled for December of that year. The three other vessels will be completed in three month increments after that, K-Sea said. The contract extends the barge construction agreement through 2010.
Great Lakes Shipyard contracted by Interlake Steamship Company to perform winter work services on two vessels. Two more vessels have arrived: Interlake Steamship vessels, the ATB Dorothy Ann and the Pathfinder, are in Cleveland and docked at Great Lakes Shipyard's facility. A variety of work is to be done, including: miscellaneous steel work, generator maintenance, main drive unit maintenance, and other miscellaneous tug and barge repairs and maintenance.
Members of the American P&I Club have elected the first director to come from The People’s Republic of China (PRC). At the annual meeting in New York, Lianyu Zhu of CCCC International Shipping Corporation, Tianjin, was elected to the board for the forthcoming year. Mr. Zhu’s company is a subsidiary of China Communications Construction Company, a major state-owned enterprise (SOE) which is, among other things, the largest port construction and design company in the PRC
American Commercial Lines Inc. (ACL) has invested in a 30 percent stake in a newly formed entity with environmental services contractor Summit Contracting, Inc. The financial terms of the investment were not disclosed but are not material to the company. The new company, Summit Contracting, LLC will provide emergency response, environmental remediation, industrial and civil construction services. In addition to continuing to service its established customer base of major transportation
Braemar LNG BV, the wholly owned subsidiary of Braemar Shipping Services PLC, has issued a sub-license to FSP LNG BV for the design and construction of a new Flat-panel, Semi-membrane, Prismatic-shaped (FSP) containment system, under the terms of the license it holds with General Dynamics NASSCO to utilize its patents in the design and construction of FSP LNG containment systems. FSP technology has been developed for marine LNG transport and can also be used in a range of
The House Armed Services Seapower and Expeditionary Forces Subcommittee received testimony on the Federal Ship Loan Guarantee Program, also known as Title XI, which facilitates financing of commercial ship construction in U.S. shipyards. Cynthia L. Brown, President of the American Shipbuilding Association, testified on the importance of funding and improving the program to increase commercial ship construction in the U.S.
All American Marine, Inc. is pleased to announce their latest vessel contract awarded by the Port of Los Angeles Harbor Department for a new dive and patrol catamaran. The 65’ x 24’ aluminum catamaran will be used by the LA Port Police dive team and will feature Teknicraft Design’s signature hull shape and hydrofoil technology. The design of the vessel is based upon the previously built R/V Shearwater and R/V Fulmar
Jeffrey Schechtman has been named Deputy Regional Business Manager for the Southeast region of Parsons Brinckerhoff, a global infrastructure strategic consulting, engineering and program/construction management organization. In his new position, Schechtman will work with managers in the nine states that comprise Parsons Brinckerhoff’s Southeast region to enhance relationships with key clients, expand business development opportunities, and invigorate marketing and pursuit efforts
1776 - During the American Revolution, the Continental brig, Reprisal, commanded by Capt. Lambert Wickes, transports the newly appointed commercial and naval agent, William Bingham, to Martinique. While en route, the British sloop-of-war, HMS Shark, approaches the brig at the entrance to St
Marking its seventh ship delivery in the span of just over a year, General Dynamics NASSCO has delivered the newly built ECO Class tanker Garden State for American Petroleum Tankers. Garden State was delivered during a special signing ceremony and is one of three classes of ships
All American Marine, Inc. (AAM), together with Harbor Breeze Cruises, has announced the completion and delivery of an aluminum catamaran passenger vessel to operate in the Los Angeles and Long Beach harbors. The new vessel, M/V La Espada
China will not halt the construction of islands and reefs in the South China Sea, state media reported the head of China's navy saying on Monday. China will not leave outcroppings under construction half finished, state-run Xinhua news agency reported the admiral as saying.
The Great Lakes Naval Museum was officially renamed the National Museum of the American Sailor during a ceremony and sign unveiling at the museum July 4. The Navy's top enlisted Sailor, Master Chief Petty Officer of the Navy (AW/NAC) Mike Stevens, was joined by retired Rear Adm
Huntington Ingalls Industries (HII) announced that its Ingalls Shipbuilding division has been selected to build the U.S. Navy’s next large-deck amphibious assault warship, LHA 8. Ingalls has also been selected to perform the majority of the contract design work for the U.S
Classification society ClassNK has amended its Rules and Guidance for the Survey and Construction of Steel Ships in response to the latest industry developments, including amendments made to the International Code for the Construction and Equipment of Ships Carrying Liquefied Gases in Bulk (IGC
The riser platform construction start was marked today at the Samsung Heavy Industries yard in South Korea. Project director for Johan Sverdrup Kjetel Digre (from right), project manager for the riser platform and the processing platform Ståle Nordal and head of Samsung Heavy
Austal Limited (Austal) informed that the U.S. Navy has accepted delivery of USNS Carson City (EPF 7) from Austal USA, during a ceremony held aboard the ship at Austal USA’s shipyard in Mobile, Alabama, USA on 24 June. This is the second vessel delivered by Austal USA to the U.S
The American Club reported solid progress during 2015 at the annual meeting of its members held in New York yesterday. Despite a challenging economic climate, the Club’s business developed respectably, and 2016 had started on a positive note.
The United Seamen's Service (USS) 2016 Admiral of the Ocean Sea Awards (AOTOS) will be presented to Arthur E. Imperatore, Founder and President of New York Waterways; Donald Marcus, President of the International Organization of Masters, Mates & Pilots; and Christopher Wiernicki
When warping analysis is required during design of certain types of beam offshore structures, it can involve many costly hours of manual calculations by senior engineers. With the new release of Sesam GeniE software, the most common methods of performing such analyses can be done automatically
Bugsier, the German towage and maritime service provider, has boosted its already extensive fleet with the addition of a Damen ASD 2411 tug. The tug represents the first purchase of a Damen vessel for Bugsier. Bugsier holds an established position in the German maritime sector: the company is
1807 - Frigate USS Chesapeake, commanded by James Barron, is stopped by British frigate HMS Leopard after killing several of her crew and take Royal Navy deserters. Barron is court-martialed for not having his ship prepared to fight.
The August 2016 edition of Marine News, the leading voice in the North American workboat market, will feature 100 leaders and innovators, including workboat owners and operators, workboat builders and repairers, and product and service providers.