Marine link


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

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, 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.

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

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.

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

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

U.S. & China: U.S. Must Invest in Maritime to Avoid “Sea Strangulation”

(Image: HHI // CSCL)

A new study examines the steady decline of the U.S. Merchant Marine fleet, which today numbers less than 100 vessels in international trade, and warns that U.S. global competitiveness and maritime security -- particularly in light of a fast-emerging China -- is at grave risk unless investment is

Eastern Launches Harvey Sub-Sea

Image: Eastern Shipbuilding

Eastern Shipbuilding Group launched M/V Harvey Sub-Sea (Hull 249) for Harvey Gulf International Marine, Inc. M/V Harvey Sub-Sea is a first of two (2) 340 ft. Class Multi-Purpose Service Vessels (MPSV), designed by VARD Marine. M/V Harvey Sub-Sea will feature a 250MT AHC Knuckle Boom Offshore Crane

Mayall Joins Bollinger as VP Sales/Marketing

Joe Mayhall (Photo: Bollinger)

Bollinger Shipyards announces the addition of Joe Mayhall to its corporate sales and marketing team.    Bollinger president and CEO Ben Bordelon made the announcement, stating, “In his new role of Vice President, Commercial Business Development

Swiss Shipping Line and ACC Annouce Blue Alliance Shipping

Logo by Blue Alliance Shipping

 Swiss Shipping Line and Africa Car Carrier announce the starting up of their joint venture company under the name "Blue Alliance Shipping."   Blue Alliance Shipping pools resources and many years of experience of the founding companies which combine their activities in the

FUGRO Wins Blue Stream Pipeline Inspection Contract

Courtesy FUGRO

  Fugro has been awarded a contract by Blue Stream Pipeline Company B.V. for the provision of survey support vessels and associated survey services to perform the 2015 external pipeline inspection for the offshore, shore approach, and dry section components of the Blue Stream Pipeline System

Willard Unveils New RHIB in Australia

Photo: Willard Marine

Willard Marine, Inc. unveiled its new SEA FORCE 777 this week at the Pacific International Maritime Exposition in Sydney, Australia.   The military-grade, fiberglass, rigid hull inflatable boat (RHIB) is 7.77-meters long, 2.74-meters wide and designed with a deep-V hull

Two Indian Shipbreakers Deemed HKC Compliant

Photo: Priya Blue Industries

ClassNK issues Hong Kong Convention Statements of Compliance to two ship recycling facilities in India    Two ship recycling facilities in Gujarat, India, R. L. Kalthia Ship Breaking Pvt. Ltd. and Priya Blue Industries Pvt. Ltd., have received Statements of Compliance (SoC) from

Blue Whales Return to Barents Sea

Return of the blue whales

  Employees of the Institute of Sea Research spotted 17 species of blue whales in the Barents Sea in the area of ​​Svalbard. Animals returned to the region after a century of absence. On these meetings the giant cetaceans reported this summer, coast guard ships, and even cruise ships

Chinese Ships Spotted off Alaska

Image: Xinhua

 Five Chinese Navy ships are sailing in international waters in the Bering Sea off Alaska coast, coinciding with President Barack Obama’s visit to the the U.S. state.   US defence officials have spotted three Chinese combat ships

Five Chinese Ships in Bering Sea as Obama Visits Alaska

Five Chinese Navy ships are sailing in international waters in the Bering Sea off Alaska, the Pentagon said on Wednesday, in an apparent first for China's military that came as U.S. President Barack Obama toured the U.S. state.   Pentagon spokesman Captain Jeff Davis said it was the first

HSL in Pact with Hyundai to Build Fleet Support Ships?

Image: Hindustan Shipyard Limited

 Hindustan Shipyard Ltd., the largest shipbuilding enterprise under Indian Ministry of Defence, and world’s premier shipbuilder Hyundai Heavy Industries (HHI) are likely to undertake joint construction of self-propelled fleet support ships (FSS) for the Indian Navy

Hepburn to Supply RAS System for Davie Shipbuilding

Hepburn Engineering, a global leader in naval 'Underway Replenishment' systems has announced that it has signed an agreement with Davie Shipbuilding, Canada's largest shipbuilder for the supply of a Replenishment-At-Sea (RAS) system for its Resolve-Class Auxiliary Oiler Replenishment (AOR) ship

Theyr Debuts Weather, Ocean Forecasting App

Meteogram Displaying Point Specific Forecast Information for 6 Days

  Theyr Ltd, a premium weather-forecasting provider, specializing in the maritime and wind energy sectors, announced today the launch of its Digital Precision Weather and Ocean Forecasting app for the professional mariner, GRIBview mobile

NBKB Surveys for Inland Vessels

Photo: BMT Group

Jaco Osseweijer of Verweij & Hoebee, a subsidiary of BMT Group, is an expert on inland navigation vessels. As Chairman of the technical committee of the Netherlands Bureau for Inspections of inland navigation vessels (NBKB) he is involved in the mandatory inspection regime for these vessels

Rohde Nielsen Bags Port Tauranga Dredging Contract

Aerial 1 Port of Tauranga. Photo by The Port of Tauranga Limited

 Danish dredging company Rohde Nielsen has won the tender to complete dredging at the Port of Tauranga, New Zealand's largest port company.   The capital dredging program to deepen the Port of Tauranga to take the next generation of containerships calling on the New Zealand coast will

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