Underwater searchers for treasure, Blue Water Ventures International, Inc., combines with SmartPay Express, Inc. As a result of these transactions, Blue Water Ventures will now be in the business of searching for and recovering historical cultural artifacts, intrinsically valuable cargo and treasure from shipwrecks, primarily in shallow water in the Caribbean and off the coasts of Florida, the business engaged in by Blue Water since 2005. SmartPay Express, Inc.,has changed its name to Blue Water Ventures International, Inc. (the "Company") in anticipation of the exchange of 18,136,500 shares of its common stock for the assets of Blue Water Ventures International, Inc. ("Blue Water). The transaction, closed on June 15, 2012, and on the same day, in a separate and unrelated transaction, the Company also disposed of its smart card business in the People's Republic of China in exchange for the unrelated purchaser's assuming the Company's liabilities relating to that business. Also as a result of these transactions, Blue Water now holds 18,136,500 shares of the Company's common stock, or approximately 93.3% of the Company's 19,428,666 issued and outstanding shares of common stock, which it anticipates distributing to its shareholders pro rata. W. Keith Webb, the founder and President and Chief Executive Officer of Blue Water, was the beneficial owner of more than a majority of Blue Water's issued and outstanding shares of common stock and
Two years after Teekay entered into a contract with Blue Water to provide cargo heating management services onboard its vessels in, its fleet has registered fuel savings in excess of 25% on an average from over 225 voyages. The cargo heating management services were deployed onboard its vessels as part of Teekay’s efforts towards fuel savings and operational optimization. The service was conceptualized by the India-based marine consultancy firm, Blue Water Trade Winds Pvt. Ltd
XL Group plc’s (NYSE: XL) North American Marine business expands its blue water hull risk management capabilities in New York with the addition of Siobhan Coen and Jeff Loechner as senior underwriters and Eileen Fellin as a senior claims consultant. According to Rich DeSimone, President of XL Group’s North America Marine business, “Siobhan, Jeff and Eileen collectively add nearly six decades of hull underwriting, particularly in blue water hull coverages
FLIR Systems, introduces the MU-Series, a thermal night vision system. The multi-sensor payload comes with a cooled midwave infrared, high-resolution 640 x 512 thermal camera and a high-resolution color camera.Other options include a low-light black and white camera to help with low-light situational awareness and a wide field of view uncooled longwave infrared, high-resolution 640 x 480 thermal camera to maximize MU-Series’ spectral range.
XL Group added marine underwriting expertise with the addition of John E. Ellis as Regional Vice President in its North America Marine business in New York. In his new role at XL Group, John will be responsible for managing and building XL Group’s Marine Cargo, Primary and Excess Marine Liability, Inland Marine, and Blue Water and Brown Water Hull business throughout the Northeast. John joins XL Group from International Marine Underwriters/One Beacon where he held the position of
An East Valley couple vacationing to celebrate their first anniversary found themselves abandoned in the ocean, after a dive trip went wrong off the coast of Thailand, reports KHOU.com, Houston, Texas. Lexa and Jake Mendenhall recently became certified scuba divers, and were looking forward to their first real dives in the blue waters off Thailand. They made two one-hour dives, and all was well until they surfaced. Their boat was gone.
Grand Banks Yachts announced the expansion of its flagship Aleutian Series with its first 70-ft. raised pilothouse. The Aleutian 70 improves on already first-class handling, speed, stability, and accommodations of the 64 Aleutian. Primary among the improvements is a spacious cockpit that is ideal for entertaining, lounging or fishing. The interior defines space and luxury with three private staterooms, crew's quarters, four separate heads, and a salon with crown molding details
Timing, it is said, is everything. Boston Whaler Commercial & Government Products has combined timing with a sterling reputation in introducing a pair of new products touted as a plank in the war to keep terrorism from U.S. shores. According to Eric Caplan, director of Boston Whaler Commercial & Government Products, the Sentinel is a unmanned surface vessel (USV), which is a sensing platform able to carry a wide variety of the latest technology sensing systems available.
Bollinger recently gave new life to an old boat, the 150-ft. Guardian, originally named Gale B., which was built by Southern Shipyard in 1963. It was owned by Midland Enterprises and was part of a tug/barge unit with the hopper barge Martha B. Midland sold the barge to Moran about three years ago and the tug was on the market when it was acquired by Velvet Maritime, LLC. "It was in good shape with a good purchase price," said Andre Ledoux, president of Velvet Maritime
Seaspan Signs Newbuilding Contracts for Fuel Efficient SAVER Design 14,000 TEU Class Vessels at HHI Secures 10+2 Year Time Charters with Yang Ming Seaspan Corporation (NYSE:SSW) has announced that it has signed contracts for the construction of five 14,000 TEU class newbuilding containerships at Hyundai Heavy Industries Co., Ltd. The vessels are scheduled for delivery in 2015 and will be constructed using Seaspan's fuel efficient SAVER design
Insights on recent moves from Michael Hume, CEO We have watched for years as W&O has transformed itself from a pipe and valve supply company to an engineered solutions provider. When you look at W&O today, what do you see … or perhaps more importantly
'Blue Champion' Chairman Greg Cox of the San Diego County Board of Supervisors has been a member of the San Diego County Board of Supervisors since 1995 and on September 9, 2013 was appointed to serve on the California Coastal Commission. The Maritime Alliance (TMA) explains the choice:
The Copenhagen International Ballast Water Management Conference 2013 will be held in Copenhagen, Denmark, on November 1, 2013.The conference focuses on the IMO Ballast Water Convention, which is expected to take effect at some point in the not too distant future.
Dennis L. Bryant retired from the U.S. Coast Guard with the rank of Captain after 27 years active duty. His billets included serving on the icebreaker NORTHWIND for several years including in 1969 when it escorted the tanker MANHATTAN through the Northwest Passage (this was back in the old days
Seaspan Corporation has announced that it has, further to a previously announced binding letter of intent, signed long-term, fixed-rate time charter contracts with Yang Ming Marine Transport Corp. for five 140,00 TEU class newbuilding containerships.
The crew of Coast Guard Station Port Huron, Mich., began training on the station's new 45-foot Response-Boat-Medium, Monday after taking possession of the boat last Thursday. The RB-M can respond faster than previous boats of similar size with a top speed in excess of 40 knots
The Royal Australian Navy Ships HMAS Sydney, Warramunga, and Sirius, which are based on both the east and west coast of Australia, have concluded their participation in Exercise Blue Raptor in the Northwest Shelf area. Exercise Blue Raptor was a maritime security exercise which tested
DONG Energy A/S London Array, a joint venture owned by DONG Energy (50%), E.ON (30%) and Masdar (20%), have announced an agreement for the sale of transmission assets at the world’s largest offshore wind farm to Blue Transmission London Array Limited.
Siemens SISHIP LV drives and SINAMICS components to power customer’s environmentally friendly, next-generation fishing vessel, saving up to 30% in annual fuel and maintenance costs. Based in Seattle, Blue North Fisheries (BNF) operates five fishing boats called “freezer long
Ocean Aero has designed a 'game-changing' ruggedized surface & sub-surface vessel: the "Submaran", powered by wind and solar, capable of several months at sea that can be deployed from land, sea or air. The designers will present it at the Blue Tech & Blue Economy Summit
The owners, Marine Atlantic, give an update on the grounding of the ferry MV Blue Puttees in Port aux Basques harbour. Immediately following the incident, Marine Atlantic initiated an internal investigation to determine the cause and work towards preventing a similar incident in the future
RSC Bio Solutions said that its EnviroLogic Environmentally Acceptable Lubricants (EALs), including hydraulic, stern tube and thruster oils, and Safecare cleaners and their constituent components have been evaluated by independent laboratories to meet the U.S
The platform supply vessel Blue Protector was delivered from Ulstein Verft on September 23, 2013. The vessel is owned by Blue Ship Invest and managed by Atlantic Offshore. The vessel is going to the spot market in the North Sea. Blue Protector is the final newbuild in a series of six platform
If lifecycle asset management is at the very forefront of an economically driven shipping company, then marine coating have to be a part of that discussion. That, in part, is because the global regulatory scheme is now impacting everything from marine propulsion, vessel discharge protocol
BAE Systems continues to support the offshore energy market as it expands new construction efforts and maintenance, repair, overhaul and conversion operations at its shipyards in Mobile, Ala., and Jacksonville, Fla. Earlier this year, BAE Systems began construction on the first of two platform