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GLOBAL MATERIALS SERVICES

ACL Sells 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.”


ABS Strengthens Materials Capabilities

Michael Wheatcroft has been promoted to the new position of Assistant Chief Engineer for Materials and Chief Metallurgist.

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.


V.Ships Signs with Spill Center for Global Vessel Spill Support

Spill Center, a North American leader in environmental claims management and emergency response support for transportation clients at risk for releases of hazardous materials, has expanded its program to include global cargo-carrying vessels, according to Tom Moses, president and founder of the company. V.Ships, a ship management company with a network of 18 offices worldwide, provides shipowners with a range of management and support services for oil tankers, chemical tankers


Intertek Addresses Global Mercury Pollution

Intertek lab image.jpg

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


NSA, Rickmers-Linie Partner for Puerto Rico Service

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National Shipping of America (NSA), which operates a fortnightly service between Houston, Port Everglades and Puerto Rico, has partnered with Rickmers-Linie (America) to provide more global connections to Puerto Rico shippers and greatly expand break bulk service opportunities to the island. Rickmers-Linie will also serve as general sales agent for National Shipping in North America. The NSA vessel service, called the Isla Verde Express, connects the U.S


DMI and FORCE Technology Join Forces

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


Boskalis Orders Mega-Cutter Dredger

A large dredger: Photo Wiki CCL

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


Hempel to Increase Prices 5 to 15%

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


Northrop Grumman - Sub Nav Contract

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.


ABS Pleased with Innovative Metals & Materials Award

Class society a member of institute awarded funds for next-generation materials research In response to today's announcement by U.S. President Barack Obama regarding the awarding of funding under the Lightweight and Modern Metals Manufacturing Innovation Institute (LM3I) initiative to the American Lightweight Materials Manufacturing Innovation Institute (ALMMII), ABS Chairman and CEO Christopher J. Wiernicki issued the following statement:


USNS Spearhead Delivers Materials to Ghana Charities

  The U.S. Navy’s joint high-speed vessel USNS Spearhead (JHSV 1) delivered wheelchairs and medical supplies to Ghanaian non-governmental organizations March 26, 2015. The materials were delivered under the U.S. Navy’s Project Handclasp program, which accepts humanitarian


LOC Group Announces Two Appointments

Global marine engineering consultancy LOC Group (London Offshore Consultants) announced appointments in two new positions; John Quarrington has joined the company in London as Group Marine Warranty Surveying Manager and Mark McGurran has been appointed to the Singapore office in the role of Asia


ABB, Samsung SDI JV to Develop Microgrids Globally

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  ABB and Samsung SDI have signed a Memorandum of Understanding to promote microgrid solutions globally. The two companies will establish a global commercial alliance to develop and market modular and scalable microgrid solutions, utilizing lithium-ion batteries for energy storage.


Big Spending on Liquefaction Terminals

Capital expenditure (Capex) on global liquefied natural gas (LNG) facilities is expected to total $259 billion over the forecast period 2015-2019, according to the new ninth edition of Douglas-Westwood’s (DW) World LNG Market Forecast 2015-2019


Sino-Global Purchases First Tanker

  Sino-Global executives after the companys Nasdaq listing (photo courtesy of Sino-Global Shipping America)

  Sino-Global Shipping America, which was recently listed on Nasdaq, is becoming a shipowner.   The shipping agency, logistics and ship management services company today announced that it has signed a Letter of Intent to acquire a small oil/chemical tanker from Rong Yao International


The Bigger the Ship, the Riskier

Image: Allianz Global Corporate & Specialty

 Container ship safety is under the spotlight with ever-increasing ship sizes, as evidenced by the January 2015 inauguration of the world’s largest container ship, the MSC Oscar (19,224 teu).    The length of four football pitches, it can carry 19,000 containers


Broadband Bandwidth Battles

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As Satellite providers battle for market share, the onboard struggle to efficiently maximize bandwidth allocation is also being solved.   The requirement to monitoring critical equipment and at the same time satisfy the increasingly sophisticated demands of today’s seafarers all need


Wärtsilä Selected to ESI Excellence Europe

Image from ESI Excellence Europe

  Wärtsilä has been selected as a constituent of the Ethibel Sustainability Index (ESI) Excellence Europe with effect from 23 March 2015. This is a remarkable continuation to the recognition  Wärtsilä received from Forum Ethibel in September 2014


Conservation Efforts in Revised ESA Listing of Green Sea Turtle

Green sea turtles are found around the globe in tropical and subtropical waters. (Credit NOAA)

  NOAA Fisheries and the U.S. Fish and Wildlife Service proposed today to reclassify the green sea turtle under the Endangered Species Act, and list turtles originating from two breeding populations currently considered endangered as threatened due to improvements in their populations.


Entertainment on the High Seas

Ronald Spithout, Inmarsat Maritime President

  Those on commercial shipping vessels will no longer have to wait until they reach dry land to catch-up on the latest films, sports and news as Inmarsat (LSE:ISAT.L), the leading provider of global mobile satellite communications services, has today launched its latest service, Fleet Media


Boskalis Increases Holding in Fugro

Photo: Boskalis

Royal Boskalis Westminster N.V. informs it has increased its holding in Fugro N.V. to 25.1%, stressing that the move is not a step toward making an offer.   “Boskalis views Fugro as an interesting company with strong market positions in its core activities


CMA to Host Cyber Security Panel

U.S. Coast Guard, shipping industry professionals, to speak on cyber security issues at CMA Conference   Jeffrey G. Lantz, Director of Commercial Regulations and Standards for the United States Coast Guard’s Assistant Commandant for Marine Safety


PRONAUTAS Expands to North America

Supplier of integrated solutions for navigation, communication and connectivity PRONAUTAS has expanded its European and Asian operations into North America with a new office located in Charlottesville, Virginia with main service station in Houston


VIKING All set to Meet Global Challenges

...As a global supplier of maritime safety equipment, VIKING’s 37 subsidiaries are represented in 70 locations, including the USA.

  For the 2014 financial year, VIKING Life-Saving Equipment A/S has again managed to lift both its top and bottom line to record levels. Turnover grew 7 percent to DKK 1.728 billion, and pre-tax profits reached DKK 183.7 million – an increase of 30 percent.  


Cosco International Posts $46.3 mln Profit

Pic by Cosco International

 The shipping services arm of China Ocean Shipping, Cosco International reported its profit attributable to equity holders for the year ended 31 December 2014 rose 48.6% year-on-year to HK$359 million ($46.3 million).   Revenue, however, fell 18.5% to HK$7






 
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