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MarineCFO Unveils Commercial Release of MarineCFO

MarineCFO Inc., a provider of marine transportation solutions announced the commercial release of MarineCFO for the marine transportation industry. MarineCFO, Inc. offers industry leading solutions to the global Marine Transportation Industry. Built upon the UA Financial Management and Business Framework Software Platform, MarineCFO boasts the benefits from the expertise and experience gained in over 6,000 customer installations worldwide in most major industries.


Swift Appointed Foundation GM

Captain Peter J. Swift has been appointed as the General Manager of the Maritime Industry Foundation. He takes up his new position with effect from June 2007. Before joining the Maritime Industry Foundation, Captain Swift spent forty eight years in the maritime industry. Twenty of those years were at sea, with command experience on LNG carriers, OBOs and aframax tankers. Shore experience included marine operations and technical management positions with P & O Bulk Shipping Division


Ship Demand to Reach 31 Million DWT between 2006-2010

According to Research and Markets, which provides an in-depth study on supply-demand, competitive pattern and latest market changes in Chinas shipbuilding industry, as well as presents and analyzes the development and operating strategies, competitiveness and the prospect of major manufacturers in details, from 2006 to 2010, the total demand of ships will reach 31 million DWT, and the annual demand will be 6.2 million DWT on average


Pakistan President Approves Strengthening Shipbuilding Industry

Pakistan President President General Pervez Musharraf said shipbuilding industry can become the country’s great asset due to its potential and would contribute to the uplift of national economy.The President was chairing a meeting of Karachi Shipyard and Engineering Works (KSEW) to review the shipbuilding industry, which was also attended by Prime Minister Shaukat Aziz. Vice Admiral Iftikhar Rao, Managing Director KSEW in his presentation informed President Musharraf that shipbuilding is


Kronodoc Oy Introduces Software Version for Marine Industry

Kronodoc Oy introduces a new software version, Kronodoc Marine. The new version is suitable for Marine Industry clients to manage their content, execute program and project management around the world. Kronodoc generates process analysis and reports in a distributed collaborative environment. The new software version adds a wide range of new functionality: Project Email Tracking Powerful Information Search Process Management, System Application Integration (Ex: CAD Viewer, CADRef)


Korea's Shipbuilding Industry Update

According to English.chosun.com, Korea's southern island Geoje has a 400-hectare plot where 26,000 shipbuilders are hard at work. The shipyard owned by Daewoo Shipbuilding and Marine Engineering places among the top five along with Hyundai Heavy Industries and Samsung Heavy Industries. Korea's shipbuilding industry, keeps on growing. This year's ship exports are expected to exceed US$30 billion, up 13 percent from last year.


Stoffer asks Government to Invest in Canadian Shipbuilding Industry

NDP Shipbuilding Critic Peter Stoffer (Sackville-Eastern Shore) asked the Conservative government today to invest in Canada’s shipbuilding industry, in response to news that the federal government will invest $900 million dollars in the aerospace sector in Quebec over the next five years. The NDP is also asking the federal government to further protect the shipbuilding industry from talks and negotiations with the European Free Trade Association and South Korea


Norway Funds Shipbuilding Training Program

Norway has committed some $4m in grants to aid Vietnam’s shipbuilding industry in human resource development over the course of the next three years, VNA reported. A deal was signed in Hanoi, on May 21, to seal the decision during a visit by Norwegian State Secretary of the Ministry of Foreign Affairs Anne Stenhammer. An amount of $1.84m is to be funded by Norway's Government, while Det Norske Veritas, Hoegh Autoliners and Jotun Paint, three of Norway's leading shipbuilders


Expansion Continues at the Australian Marine Complex

The expansion of Western Australia’s shipbuilding capabilities is set to continue with the construction of two crucial common-use facilities at the Australian Marine Complex ( AMC ) at Henderson. The State Government has today called for expressions of interest to build a service and repair facility for the local super-yacht industry and a blast and paint facility at the AMC. Industry and Enterprise Minister Francis Logan said the State Government was committed to ensuring the


Japanese Shipyard Expected To Integrate

Three Japanese shipbuilders are expected by the end of the week to sign an agreement to integrate their operations, Reuters reported. According to the report, Kawasaki Heavy Industries Ltd., Ishikawajima-Harima Heavy Industries Co., (IHI) and Mitsui Engineering & Shipbuilding Co Ltd. are set to integrate operations in the general commercial vessel market. The combined annual revenue of the their ship businesses in fiscal 1999 totaled 308.5 billion yen, surpassing the 268


KVH Industries Acquires Headland Media

KVH Industries, Inc. announced that it has acquired Headland Media Ltd., a media and entertainment services company. Headland Media is a provider of commercially licensed news, sports, movies and music content that they sell in the maritime, hotel and retail markets.


Conrad Industries Report Smooth Sailing in Q1 2013

US shipbuilder & repairer Conrad Industries, announces its first quarter 2013 results and backlog. For the quarter ended March 31, 2013, Conrad achieved net income of $5.9 million and earnings per diluted share of $0.99 compared to net income of $3


Shipbuilding Industry Makes a Soft Landing

The  landing has been cushioned by a shift in orders from mainstream-type merchant ships towards specialised offshore segment support vessels. According to the BIMCO analysis the shipyard industry seemed to head straight for the output-abyss just 15 months ago


Megan Bel Joins National Ocean Industries Association Staff

Megan Bel joined the staff of the National Ocean Industries Association (NOIA) as Senior Director, Government and Political Affairs. She comes to NOIA from the Office of Congressman Steve Scalise (R-LA) where she served as Legislative Director since 2008


AMO Responds to Cruise Line Industry Criticisms

American Maritime Officers Association (AMO) president follows up on his recent appearance on FOX News Channel. The AMO president says his April 15 live appearance on FOX News Channel's segment, "Remembering Titanic 101 years Ago Today


Maritime Industry Council Established in Dubai

Photo: Dubai Marine & Maritime Council

Dubai Council for Marine and Maritime Industries, the umbrella industry body representing the marine and relevant industry, had its first introductory member’s meeting. The meeting sought to introduce the members, lay the broad framework for future operations


Hong Kong Dock Strike: Shipping Industry Hit Hard

Estimates by the Port Development Council show container volumes through the 9 Kwai Tsing container ports fell 5.9 per cent in March. While the month-long dockers strike is costing Hongkong International Terminals a reported HK$5 million a day


M.E.B.A. Calls for Recognition of U.S. Cruise Industry Mariners

The Marine Engineers’ Beneficial Association Raises Awareness of U.S. Mariners in the Cruise Industry in Light of Media Coverage The Marine Engineers’ Beneficial Association (M.E.B.A.) will represent U.S. Merchant Mariners on the only U.S.-flagged and U.S


Solace Called Upon to Address Industry Standards

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Solace Global Maritime, a private maritime security company, has been seconded as an industry expert from SME32 Ships and Maritime U.K. Committee to advise the QS1 Quality Committee on proposed changes to the international management standard, BS EN ISO9001.


Huntington Ingalls Industries Declares Quarterly Dividend

Photo: Huntington Ingalls Industries

Huntington Ingalls Industries’ Board of Directors declared a quarterly cash dividend of $0.10 per share, payable on June 14, 2013, to shareholders of record as of the close of business on May 31, 2013.  


Marine Industry Employs Boat Towed Detectors

Peruvian Navy officers prepare to launch Fishers Proton 4 magnetometer. Photo: JW Fishers

Many marine service companies are acquiring boat-towed metal detectors and magnetometers to assist in salvage operations and geophysical surveys. These devices can locate a variety of targets including sunken vessels, ship anchors and propellers, pipelines


Aker's MPO Unit Wins Industry Award at OTC

Photo: Aker Solutions

Aker Solutions' subsidiary, Managed Pressure Operations, won a prize for its riser safety system at the Offshore Technology Conference in Houston. The Aker Solutions unit won the Woelfel Best Mechanical Engineering Achievement Award for its Riser Safety System (RSS).


Huntington Ingalls Industries Reports Q1 Results

Mike Petters,  HII President and CEO (Photo: Huntington Ingalls Industries)

Huntington Ingalls Industries reported first quarter 2013 revenues of $1.56 billion, relatively flat compared to the same period last year. Segment operating income for the first quarter was $120 million, compared to $101 million in the same period last year


U.K. Shipping Minister Commits to Maritime Industry

U.K. Shipping minister says he is committed to putting the £31.7-billion shipping industry center-stage. Stephen Hammond, Parliamentary Under-Secretary of State for Transport, speaking at a Maritime London/Shipping Professional Network London event underlined the government’s


MTR100: Subsea Industry Awards Deadline Approaching

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The July / August 2013 edition of Marine Technology Reporter will once again feature the MTR100, profiles of 100 leading companies in the global subsea sector. This editorial feature is free, but you must apply to be considered. Deadline for the MTR100 2013 is MAY 31, 2013.


 
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