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
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
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
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
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 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
Vard Holdings Limited has secured a contract for the design and construction of two additional Module Carrier Vessels for Topaz Energy and Marine (“Topaz”). The vessels, of VARD 9 21 design and measuring 123 by 16.5 meters, are sister ships of a series of 15 identical Module Carrier Vessels previously contracted by Topaz for delivery from VARD’s shipyards in Tulcea and Braila in Romania, and Vung Tau in Vietnam
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 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
Industry Stakeholder Chad Fuhrmann presents ‘an unprecedented opportunity’ as well as a viable option when it comes to finding replacement training vessels for future maritime officers … Efforts have been underway since 2014 to procure government funding for new
Offshore support vessel company Topaz Energy and Marine has been appointed the technical managers of three vessels by a consortium comprising Blue Water Shipping A/S and Kazmortransflot (KMTF), in connection with the TCO developed Tengiz oil field in Kazakhstan.
Topaz Energy and Marine said it has secured contracts in connection with the development of the Tengiz oilfield in Kazakhstan during 2016. The two contract wins announced in the second and third quarter together represent revenue of more than $500 million
Seattle-based company Blue North has christened F/V Blue North, a state-of-the-art vessel designed to transform the fishing industry by improving conditions for workers, reducing environmental impact and harvesting seafood more humanely.
e-Navigation and the Gulf Area: meeting information needs where blue water, brown water and port facilities interact San Jacinto College and the Seamen’s Church Institute will host e-Navigation Underway (North America) 2016, the third in the annual North American series of
Vard Holdings Limited announced that it has secured a contract for the design and construction of three Module Carrier Vessels for Kazmortransflot (KMTF). The contract win was previously disclosed on July 29, 2016. The vessels, of VARD 9 28 design
Vivek Bhatia (38) will become the new CEO of thyssenkrupp Asia Pacific effective October 1, 2016. He succeeds Dr. Stefan Schmitt (40), who will move to thyssenkrupp AG as Head of Human Resources Strategy effective October 1.
A new, emission-free electric tour boat now plies the Rideau Canal, powered by two 80 horsepower Torqeedo electric motors. The 75-foot, 100-passenger vessel Queen Elizabeth Dr. is the first of two planned vessels to offer guided tours and host events on the canal
As part of the ongoing Blue Star Delos Renewable Energy Innovation Project, Eco Marine Power (EMP) stated that the Aquarius Management & Automation System (MAS) installed on Blue Star Delos has been updated with new fuel oil consumption (FOC) and emissions monitoring software.
Sectors of the U.S. market are hot, but for how long? Five key variables drive the domestic brown water market. The challenging operating climate currently facing blue water, international trades can and sometimes does overshadow what happens on the American side of the big pond
The U.S. Navy Blue Angels will return to its 2016 demonstration schedule July 2-4 in Traverse City, Mich., Commander, Naval Air Forces announced. The Blue Angels temporarily stood down, canceling three weekend shows following a crash on June 2 during a practice in Smyrna, Tenn
PALFINGER MARINE Winches and Offshore Equipment has signed a contract for the supply of complete winch packages to 15 Module Carrier Vessels being built for Topaz Energy and Marine. The vessels, of VARD 9 21 design, are developed by Vard Design to navigate the shallow river systems as
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 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
Newly built Crewboat represents excellence in Italian design, quality in construction There is something about Italian products, from consumer goods to industrial objects, that carries a stylistic flair. This is well represented in the cruise ships of the Fincantieri Shipyard