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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


Industry Event to Explore e-Navigation

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e-Navigation and the Gulf Area: Meeting Information Needs Where Blue Water, Brown Water and Port Facilities Intersect   An event examining the role, development and trends in maritime e-Navigation is scheduled for October 17-19, 2016 at the San Jacinto College Maritime Campus in La Porte, Texas.   Hosted by San Jacinto College and Seamen’s Church Institute, and organized by the Danish Maritime Authority and the International Association of Marine Aids to Navigation and


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 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.


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


Boston Whaler Debuts New Security Products

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.


Eastern Launches MPSV for Harvey Gulf

Harvey Blue-Sea (Photo: Eastern Shipbuilding Group, Inc.)

Eastern Shipbuilding Group, Inc. has launched M/V Harvey Blue-Sea (Hull 250) on April 29, 2016 for Harvey Gulf International Marine, Inc. of New Orleans, La. The Harvey Blue-Sea is the second of two 340’ Class Multi-Purpose Service Vessels (MPSV), designed by VARD Marine.  


Vard Secures Topaz 15 vessel Contract

VARD 9 21 Overall length 123 m  Breadth approx. 16.5 m  Module Carrier Vessel Courtesy Vard Holdings

Vard Holdings Limited secured a contract for the design and construction of 15 Module Carrier Vessels for Topaz Energy and Marine. The vessels, of VARD 9 21 design, are specially developed by Vard Design to navigate the shallow river systems as they transport modules through the Russian


EC Pumps €7.5 Mln into the Maritime Sector

File photo: Chris Rochette

European Commission invests over €7.5 million under the European Maritime and Fisheries Fund to boost innovation, growth and jobs in the marine and maritime sectors.   The European Commission is investing over €7.5 million to boost innovation and create jobs in the marine and


Oil Spill at Port of Los Angeles

The U.S. Coast Guard is investigating a report of an oil spill in the Los Angeles Harbor, Thursday morning.   Watchstanders at Coast Guard Sector Los Angeles/Long Beach command center received a report at 10:48 a.m. of an unknown quantity of oily-water mixture coming from a holding tank


Blue Brother Supply Vessel Launched

Blue Brother (Photo credit: Franco Ortolani)

A new launch for Vittoria Shipyard in Adria (Italy). The ceremony for Blue Brother took place in the waters of the Canalbianco-Po River.   The supply vessel will be leased out to Bambini di Ravenna, which is one of the most important maritime transport companies in Italy


Navy Competes for Resources at Home, against Asymmetric Threats Abroad

Chief of Naval Operations (CNO) Adm. John Richardson speaks at the 28th annual Surface Navy Association Symposium in the Crystal City section of Arlington, Va. (U.S. Navy photo by Mass Communication Specialist 1st Class Jessica Bidwell)

Commanders look forward to LCS in the fleet The U.S. Navy Chief of Naval Operations Adm. Jonathan Richardson recently released his “Design for maintaining maritime superiority.” The document presents Richardson’s priorities with four “lines of effort” to


European Consortium Launches Blue Nodules Project

Project Blue Nodules Deep Sea Mining Concept Courtesy EC

On 1 February a European consortium launched a new Horizon 2020 project: Blue Nodules. This project addresses the challenge of creating a viable and sustainable value chain to retrieve polymetallic nodules from the ocean floor. It will develop and test new highly-automated and sustainable


UK-built Mussel Boat for Offshore Shellfish

Alysée (Photo: Alnmaritec)

U.K. based boat builder Alnmaritec announced it has designed and built a new 15.2-meter aluminum Wave Farmer 1400 mussel farming boat, Alysée, for U.K. shellfish farmer Offshore Shellfish.   Developed from Alnmaritec’s Wave Train catamaran hull form


China to Start Its First Naval Base in Africa

China Navy Archives: Djibouti navy soldiers salute in front of Chinas hospital ship Peace Ark at the port of Djibouti, Sept. 29, 2010.

 China is going to build a base in Djibouti, so that will be their first military location in Africa. With the establishment of a base in Djibouti, China joins the global contest for maritime and commercial supremacy, reports Al Jazeera‎.  


Blue Denmark Maintains Economic Foothold

Photo: Torm

The report "Employment and production in Blue Denmark 2015" was published today, providing updated information on Denmark’s vibrant maritime industries.   For the second time, the Economic Council of the Labour Movement has drawn up a report on employment and production in


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






 
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