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
What does it take to win in the littoral? Start with knowledge. Naval warfare in littoral waters is very different from open ocean operations. The U.S. Navy is dominant in “blue water” scenarios, but less so in the littoral, naval experts say.
California’s blue economy is a +$50 billion industry. Today, marine science and the blue economy directly affect various business and government sectors such as offshore oil and gas production, national defense, seafloor exploration, communications, agriculture production, renewable energy
Experts on board a cargo ship transformed into a multimillion dollar chemical weapons destroyer said on Thursday they were ready to start working on Syria's stock of toxic arms in the middle of the Mediterranean as early as May. Now they just have to hope the weather holds and Damascus delivers
The American Society of Naval Engineers (ASNE) Blue Green Sustainability Symposium is an inaugural event highlighting emerging technologies and solutions to meet the modern challenges of environmental consciousness in the maritime industry.
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.
Maersk Oil has contracted with well-stimulation vessel owner Baker Hughes for the charter of the 'Blue Orca', currently busy in restoring safe and efficient production to ageing North Sea wells. The Blue Orca incorporates state-of-the-art stimulation technology and unsurpassed treatment
A new range of protective coatings, the Blue Series offers customers advanced Hempel technology at a competitive price. Launched in India in September this year, the Blue Series includes a full range of products for new construction and maintenance in a number of applications.
BW Offshore has exercised an option to acquire the tanker Blue Opal for USD 83.4 million from Daewoo Shipbuilding & Marine Engineering (DSME). Blue Opal is a DSME designed and built VLCC (320,000 dwt) from 2012. BW Offshore has performed detailed engineering studies and inspections of
BW Offshore announced that it has exercised an option to acquire the tanker Blue Opal for $83.4 million from Daewoo Shipbuilding & Marine Engineering (DSME). Blue Opal is a DSME designed and built VLCC (320,000 dwt) from 2012.
The latest surge in blue water shipbuilding and the seagoing billets that those jobs create is a welcome change for a domestic maritime sector that had seen nothing but decline for the past four decades. Still, and from a training, demand, and recruitment point of view
Mass. Maritime responds to industry demand, reloads with cutting edge Transas equipment, and moves to the head of the brown water training queue. It was a dark and stormy night with choppy seas. I didn’t hit anything, but I did run aground twice while at the helm of the tug boat simulator
Moose Boats, an aluminum boat designer and manufacturer in the San Francisco Bay Area announced the delivery of two patrol boats in late 2013. M1-44’ Patrol Boat delivered to Bridgeport Police Department in Connecticut Moose Boats delivered a new M1-44 Catamaran Patrol Boat to Bridgeport
The MV Blue Star, belonging to Chalong Sea Sports, caught fire and sank in Burmese waters while on a week-long dive trip. All 20 or so people on board are safe, though they lost their belongings, and a great deal of expensive dive gear is understood to have gone down with the boat