GLOBAL MATERIALS SERVICES
American Commercial Lines LLC sold its ownership interest in Global Materials Services LLC to Mid-South Terminal Company, L.P. for $14 million cash. This transaction gives Mid-South Terminal Company, L.P., headquartered in Memphis, Tennessee, 100% control of Global Materials Services' network of 24 river-served terminals in the United States and 1 in Europe. Richard L. Huber, Chairman of ACL, said “We are pleased that we were able to transfer our interest in this operation to our partner. This transaction allows us to continue our progress toward emerging from Chapter 11 with a focus on our core business. The proceeds from this transaction will be used to pay off the remaining balance of our DIP term loan financing.”
Responding to the introduction of new materials within the structure and components of offshore units, naval vessels and specialized ships such as ultra large containerships, ABS has strengthened its technical and engineering capabilities in this area with the appointment of a global materials engineering team. The team will also provide in-field support to the society’s surveyors attending the significant growth in the number of equipment suppliers.
Danish Maritime Institute (DMI) and FORCE Technology have joined forces. The new name for the merged company will be FORCE Technology. DMI provides consultancy and know-how to the marine industry with services including: Ship and offshore model testing, numerical analysis and simulations, wind tunnel testing of ships and offshore structures, simulator based training, and development and sales of simulators In addition to using own facilities DNI undertakes several assignments for clients
The sharply increasing raw material costs and their influence on the global economy now forces Hempel to react. The oil price has been increasing and is currently at a record high. The majority of raw materials used in the paint industry are oil related. Paint raw materials such as epoxy resins have, over the past months, increased markedly, some even as much as 30%. Due to the general positive trend in the world economy, the price of metal is also under pressure
NSL Engineering Pte. Ltd., a spreader bar manufacturers, and VeriTainer Corporation, a crane mounted maritime security solutions, are on schedule to complete manufacturing of the first RAM VeriSpreader by Q2 2009. "The development of the RAM VeriSpreader addresses NSL Engineering's significant global customer base that requires a security scanning and compliance solution for their transshipped cargo and global supply chain networks." said John Alioto, CEO of VeriTainer.
Intertek will tackle the issue of mercury pollution across industries during the “International Conference on Mercury as a Global Pollutant” (ICMGP) in Edinburgh, Scotland, July 28 to August 2, 2013. Intertek will showcase expertise in detecting, monitoring and controlling mercury, supporting industries such as food, consumer products and oil and gas. Recent Harvard studies have shown that mercury is a long term problem
According to reports, U.S. Ambassador to The Bahamas John Rood continues to push for The Bahamas to sign onto the Proliferation Security Initiative (PSI), but according to the countryâ€™s foreign minister, The Bahamas â€“ the worldâ€™s third largest ship registry â€“ remains cautious. The PSI would give the US the right to search any of thousands of Bahamas-flagged ship anywhere in the world under the pretext of searching for nuclear material or weapons of mass destruction.
Northrop Grumman Corporation (NYSE: NOC) has been awarded a delivery order for the fifth year of a five-year contract to provide technical, logistics and material support for navigation systems installed on U.S. Navy ships and submarines. The delivery order, valued at $15.5m, was awarded to Northrop Grumman’s Sperry Marine business unit by Naval Inventory Control Point, Mechanicsburg, Pa., under a firm fixed-price performance-based logistics (PBL) contract.
New addition to the AVEVA Enterprise Resource Management product family offers fast, multi-disciplinary creation and maintenance of accurate Plant and Marine catalogue information. AVEVA has announced the launch of AVEVA Catalogue Manager, a ground-breaking new product set, to save significant man-hours in large capital projects through the rapid, streamlined generation of accurate and consistent part numbers, component specifications and bulk material catalogues.
Royal Boskalis Westminster N.V. (Boskalis) has ordered a new self-propelled megacutter from IHC Merwede. This self-propelled cutter suction dredger, with a total installed power of 23,700 kW and a pump ashore capacity of 15,600 kW, is a replacement investment. The total investment amounts to around EUR 170 million and construction of the vessel is expected to take more than three years. Boskalis explain that a cutter suction dredger is a vessel that dredges while being held into
The International Chamber of Shipping (ICS) – the worldwide trade association for shipowners says it has made an important written submission to the United Nations International Maritime Organization (IMO) suggesting a possible way forward with respect to complex discussions about additional
Dutch shipping company CFL has chosen Pronautas to implement the proven Ku-Band VSAT connectivity solutions on all vessels in their fleet. Headquartered in Amsterdam and well known for its innovative market approach, CFL owns and operates a fleet of young and flexible eco-friendly multi-purpose
Marine Propulsion Systems, a business unit of ZF Friedrichshafen AG, shared at the sidelines of Marintec China 2013 that China continues to be a key focus for the company and shared plans to strengthen its footprint in the market. ZF Marine has been in China since 2006 and currently operates a
DryShips Inc., a global provider of marine transportation services for drybulk and petroleum cargoes and through its majority owned subsidiary, Ocean Rig UDW Inc., of offshore deepwater drilling services, announced that it has suspended purchases under its previously announced program of at the
The International Chamber of Shipping (ICS) – the worldwide trade association for shipowners – has made a written submission to the United Nations International Maritime Organization (IMO) suggesting a possible way forward with respect to complex discussions about additional global
The U.S. Federal Maritime Commission will host a Global Regulatory Summit in Washington, D.C. on December 17, 2013. The Summit will include shipping and transportation regulators from the European Union and China. "I am pleased that officials from China and the European Union accepted FMC
Users of the Voyager Planning Station, developed by Global Navigation Solutions, the maritime services group, can now plot their route directly onto the official ENCs on board their vessel. Visitors to this year’s Marintec China exhibition will have the opportunity to see a demonstration of
H.E. Khamis Juma Buamim, Chairman of Drydocks World and Maritime World the international provider of maritime services to the shipping oil, gas and energy sectors received the prestigious Sword of Honor for 2013 from the British Safety Council. The award was presented in the presence of Ms
Intelsat S.A., a provider of satellite services, has provided an update on its satellite capacity and other critical connectivities being used in a number of restoration initiatives in the Philippines following Typhoon Haiyan. Immediately after the disaster occurred
GE Marine, Dalian Shipbuilding Industry Company (DSIC) and Lloyd’s Register announce they have jointly developed a design for a gas turbine-powered LNG carrier. This unique carrier will provide low life cycle cost, high environmental performance and flexible design.
Imtech Marine and Danelec Marine, announce at the current Marintec 2013 expo in Shangai, an extension of the remote access service delivered by the Imtech Marine 24/7 GTAC, Global Technical Assistance Centre, to include data from Danelec Marine VDR (Voyage Data Recorder) systems.
General Dynamics Bath Iron Works, Bath, Maine, is listed by the US Department of Defense, as having been awarded a $73,913,646 Navy contract modification to previously awarded contract (N00024-12-C-4311) for DDG 51 and FFG 7 class warship integrated planning yard services.
In a speech to be given at the TOC Container Supply Chain: Middle East Conference on December 9, Andrew Kemp, Regional Director EMEA of the freight transport insurance specialist TT Club will warn of the additional liability that freight forwarders and other logistics operators are open to as a
Classification society ClassNK announced that the ClassNK register topped 220 million gross tons for the first time at the end of November 2013. The announcement was made following the November meeting of the ClassNK Classification Committee, which certified the ClassNK register listed 8
Imtech Marine has signed an agreement with Electrotech Pty in Australia. With this agreement and strategic partnership, Imtech Marine extends its global service network, now 94 own offices in 30 countries, with eight Electrotech offices in Australia