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
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
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
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
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
The country’s largest floating drydock, the Vigorous, is headed for Portland this weekend. The drydock, a piece of equipment used to lift vessels as large as cruise ships out of the water, is scheduled to arrive at the mouth of the Columbia Sunday
Danish Maritime Authority (DMA) has brought out new marketing material depicting their strong and open maritime cluster, focusing on quality shipping, health, safety and the environment. Together with stakeholders from Blue Denmark, the DMA has developed new
Blue Water Ventures International, Inc.(BWVI) revealed that its salvage vessel, the M/V Endeavor, recovered a gold coin, numerous silver coins and other shipwreck related artifacts while working off the coast of Ft. Pierce, FL last week.
Eco Marine Power announced today that it has begun a project to jointly deploy and evaluate with Blue Star Ferries of Greece, a range of innovative renewable energy related technologies for shipping including the Aquarius Management and Automation System (MAS) with an integrated marine
2H Offshore, an Acteon company, has joined an international European consortium comprising nineteen industry and research organizations to develop deepwater mining solutions. Over the next four years, the European Commission funded project, known as Blue Mining
Blue Water Gothenburg has handled an industrial transport project for the Swedish clean-tech company Malmberg which is a market leader in the field of biogas. The items being transported was equipment for a biogas plant in Horsens, Denmark
Performance, Speed, Fuel Economy & Environmental compliance all come together to form the ultimate balancing act for engine OEM’s and their customers alike. The ‘need for speed’ has been at the heart of professional fast craft operations since powerboats first overtook
The Port of Rotterdam says that the first commercial cargo has been transhipped on the inner waters of Maasvlakte 2. At one of the two specially designed berths, oil products were transhipped from the ‘Blue Marlin’ to the ‘Chemtrans Sea’.
NYK says it has taken delivery of the new high-tech pure car carrier (PCC), 'Aries Leader', built by Shin Kurushima Dockyard Co. Ltd. With a capacity of 7,000 units, the new carrier includes the latest energy-saving technology including a hull air-lubrication system and a hybrid turbocharger
On March 29, the Ocean Class Auxiliary General Oceanographic Research (AGOR) vessel hull number 27 started its official life as the R/V Neil Armstrong, the first research vessel named after a space explorer. Carol Armstrong, the widow of the famed astronaut
With consistent results of 2-5% fuel savings, Keppel Offshore & Marine’s subsidiary Blue Ocean Solutions (BOS) said that it has proved that emulsified fuel can bring significant fuel savings adding to the well established NOx reduction, if done correctly
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.
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
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
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.