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BLUE WATER

Sunken Treasure Hunter Merges Businesses

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


DONG Energy Expands in the Port of Esbjerg

From Left Dann Lockdahl, DONG Energy Offshore Base Manager and Allan Junge, Financial Director of Blue Water Shipping.

  The positive development within the offshore industry has made its impact on DONG Energy, which is a significant player in the market. The increased activity has made it necessary to extend the company's office and storage facilities in the Port of Esbjerg. Therefore, DONG Energy has entered into an agreement with Blue Water Shipping to expand the two companies' existing lease agreement.   Blue Water Shipping will invest around DKK 55 million in the renovation and rebuilding to


Teekay Saves Fuel with Cargo Heating Management

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’s Marine Unit Expands Hull Insurance Resources

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


XL Appoints Regional Vice President in New York

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


Not 'Divers Abandon Boat', But 'Thai Boat Abandons Divers'

Image courtesy of ThaiVisa

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 Bank Yachts Expands Aleutian Series

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


Bollinger Repowers, Modifies 40-Year-Old Tug

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

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


FLIR Introduces MU-Series Thermal Imaging Technology

Photo: FLIR

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.


China's Lone Aircraft Carrier Drills at Sea

China's sole aircraft carrier conducted exercises on Friday, the navy said without specifying its location, amid escalating disputes over maritime territory with some of China's Asian neighbours. The Liaoning conducted drills and tests in the "relevant sea" along with carrier-based


After India, China Wants Maritime Deal with Bangladesh

Map: Bangladesh government

 China has approached Bangladesh to sign a deal on blue economy and maritime cooperation in the Bay of Bengal, days after Dhaka and New Delhi signed such an accord.   Media reports quote an unnamed senior Foreign Ministry official saying that Dhakka received a Chinese proposal on


ADM Joint Venture Acquires Brazilian Shipping Agency

Archer Daniels Midland Company (ADM) and Norton Lilly International announced that their steamship agency joint venture, Agri Port Services LLC, has acquired Brazilian port and shipping agency Blue Ocean Agencia Maritima Ltda. ADM was previously a part owner in Blue Ocean.  


Chinese Submarine Docked in Karachi ?

Photo: US Navy.

 The intervention of China in the Arabian Sea is increasing with each passing day. China's deadliest attack submarine crept past Indian waters and docked in Karachi.    China had made similar visits to Colombo over the last one year


Marine News Editor's Note

Fleet Optimization is a broad term which might be described as the best practices and equipment that will make any collection of vessels more environmentally correct, economical and yes, attractive to prospective charterers. In this edition, it means whatever I say it means


Palau Reports Increase in WRC Applications

Palau International Ship Registry (PISR) has received a high volume of applications from owners looking to have the correct documentation in place prior to the imminent entry into force of the Nairobi Wreck Removal Convention. Marisabel Arauz Park


San Diego Launches Blue Tech Vision

Mayor, Supervisor & City Council President Propose Blue Tech Incubator    As part of a new blue tech vision that will create more maritime jobs for the San Diego region, Mayor Kevin L. Faulconer and County Supervisor Greg Cox today proposed an initiative that was jointly approved


BMT’s REMBRANDT-INLAND Simulation Tool

BMT 1.jpg

Brown Water Training and Collision Reconstruction Taken to a New Level When a new or expanded port is planned on an inland waterway, how do you assure the civil marine engineers and ship operators of feasibility and operability while at the same time allaying the fears of local residents that


India's First Indigenously Built Attack First Scorpene Submarine Launched Into Water

INS Kalvari: Indian Navy

 Indian Navy's first Scorpene class stealth submarine, Kalvari, on Monday was undocked at the Mazagon Docks Limited (MDL) in Mumbai.   The diesel-electric vessel INS Kalvari was built by Mazagon Dock Limited in collaboration with France’s DCNS


Marine News: Editor's Note

Our annual shipyard report comes at an appropriate, yet uncertain time for the industry. The future direction of the oil and gas markets will, to a large extent, also determine the course for domestic boat builders. That’s because the sustained rally seen in this sector over the course of


Rough Seas Sends Greenpeace Home

Greenpeace activists repelled from Seattle-bound oil rig. Pic provided by Greenpeace

 Six Greenpeace activists opposed to offshore drilling in the Arctic have abandoned a Seattle-bound drill rig they boarded in the Pacific Ocean six days ago.   Rough seas prompted the decision, Greenpeace said.  The protesters rappelled off the an oil rig leased by Royal Dutch


Arctic Offshore Rig Gets USCG Escort

(U.S. Coast Guard photo courtesy of Air Station Port Angeles)

U.S. Coast Guard (USCG) crews escorted heavy lift ship Blue Marlin as it toted a controversial 38,000-metric-ton drilling rig into Port Angeles, Wash., Friday. Blue Marlin, Dockwise’s 674-foot semi-submersible heavy lift ship, was escorted into its anchorage location in Port Angeles while


Torqeedo Introduces New Deep Blue Inboard

Image: Torqeedo

Torqeedo now offers a shaft drive version of its 40 and 80 horsepower Deep Blue motor. An electric drive designed for marine use from the ground up, the Deep Blue inboard shares the safety, power and performance of the original outboard system, also featuring a quiet, low-maintenance


China Builds-up Naval Power

Map: CIA

 China has outlined a first ever "white paper" on military strategy that outlined a more robust posture for its blue-water navy, and warned of threats to its security from "still smouldering" boundary disputes over land.  


Aquarius MAS + Solar Ready for Commercial Use

 Delos Solar Array

  As a result of the recent successful completion of sea trials on-board the high speed car and passenger ferry, Blue Star Delos, Eco Marine Power (EMP) has now cleared the Aquarius MAS + Solar and Aquarius Marine Solar Power solutions for commercial release.






 
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