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
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.
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
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
Completion of the 1st RAM VeriSpreader
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.
AVEVA Catalogue Manager Increases Profitability
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.
Gems Names Bras-Jorge as New President
Gems Sensors & Controls (Gems), a leader in liquid level, pressure, and flow sensors and miniature solenoid valves, today announced the appointment of Muriel Bras-Jorge to the position of President. Bras-Jorge, an executive with deep experience in engineering, lean manufacturing, and business development has held executive level positions at Jacobs Vehicle Systems Inc. (JVS), a Danaher company and Honeywell International Inc.
U.S. Pushes Bahamas To Sign PSI
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 country’s foreign minister, The Bahamas – the world’s third largest ship registry – 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.
SFI Operational in U.K., Pakistan and Honduras
Southampton Container Terminals, United Kingdom, Port Qasim, Pakistan (both managed by DP World) and Puerto Cortez, Honduras will become the first seaports to implement the Secure Freight Initiative (SFI) beginning October 12 by scanning all maritime containers destined for the U.S. for nuclear or other radiological materials. These ports fulfill the requirements set out in the Security and Accountability For Every (SAFE) Port Act of 2006
Text of Extremely Hazardous Materials Transportation Security bill
Text of H.R. 4824 – the Extremely Hazardous Materials Transportation Security Act of 2004 – has been posted on the Internet. This bill, if enacted, would require the Secretary of Homeland Security to promulgate detailed regulations relating to security measures for shipment of extremely hazardous materials. For purposes of this measure, “extremely hazardous material” would mean: a material that is toxic by inhalation; a material that is extremely flammable; a material that is
IMO’s GloBallast Partnerships Awarded “Best Innovative Project”
IMO’s GloBallast Partnerships Project, which assists developing countries and their maritime industries for implementation of the international regulations on ballast water management to prevent the spread of alien invasive species, has won the sixth Marine BizTV International Maritime Award
Wison Designated MSCI China Indices Constituent
Wison Engineering Services Co. Ltd., the private sector chemical engineering, procurement and construction management (EPC) service provider, announced that it was designated a constituent of the MSCI Global Small Cap Indices, effective after the close of business on May 31, 2013
New Explosion-proof Pressure Transmitter from AST
American Sensor Technologies, Inc. (AST) released the AST46DS Explosion-Proof Pressure Transducer with Display with pressures from 1 to 20,000 PSI available. The AST46DS is a transducer with zero function capability, voltage or 4-20mA output signals, and all 316L stainless steel sensor materials
Omega Launches New Thermocouple Connectors
Omega introduced compensated M12 thermocouple connectors, to be featured at Sensors Expo and Conference. The M12-FM series is a new Omega connector that will ensure accuracy for your applications. The M12-FM Series feature male pins and female sockets made of thermocouple material
North American Oil Supply Shocks Markets
IEA’s Medium-Term Oil Market Report sees companies overhauling global investment strategies; meanwhile, surge in non-OECD refining capacity shakes up product market The supply shock created by a surge in North American oil production will be as transformative to the market over the next
Gulfstream Services: Billy Marcel Promoted
Gulfstream Services, Inc. (GSI) names Billy Marcel as Manager of Global Operations – Decommissioning Services Division. US-based Gulfstream Services, Inc. is a global corporation focused on developing high pressure equipment solutions for the international oil and gas industry
Tidewater to Acquire Troms Offshore Supply
US Firm, Tidewater, agrees with HitecVision to purchase Norway's Troms offshore, including 5 large PSV's. Tidewater say that the acquisition of Troms Offshore, headquartered in Tromsø, Norway, will expand their global footprint into the Norwegian sector of the North Sea and supplement
Chinese Ship Agency Reports Profit Tumble
Non-state company, Sino-Global, announces major decline in third quarter 2013 financial results, raises cash by share issue. Sino-Global is a non-state-owned provider of shipping agency services operating primarily in China. Financial highlights are as folllows:
INTTRA & APL Expand Business Relationship
The companies agree that INTTRA will support APL’s global e-commerce growth strategy, as well as enhance its global customer service offerings. With more than two million container orders initiated on the INTTRA platform each month, INTTRA says it reaches the largest worldwide community of
DNV Sees 27% Annual Revenue Increase
DNV said its continued focus on safety and service quality and the ability to provide leading-edge technology advice and solutions contributed to its market and financial performance in 2012. The company reported that revenues increased by 27% compared to 2011
Hamburg Süd 2012: Better, but Not yet Good Enough
Hamburg Süd’s performance in brief Following the powerful recovery of the world economy in 2010 and a weaker 2011, global growth continued in the past financial year, albeit at a slower pace. Against this backdrop, container shipments increased once again
Harris Pye Opens New Office in Dubai
Harris Pye marked another milestone in their bid for further global expansion last week with the opening of their brand new company in Jumeirah Lakes Towers, Dubai, United Arab Emirates. This company was established to centralize engineering teams to support global business dealings with regard to
Bureau Veritas Publishes Annual Report and Business Review
International classification society Bureau Veritas has issued its annual group global Activity Report and its separate Marine and Offshore Business Review. The Bureau Veritas 2012 Activity Report provides a global picture of the group's performance and key achievements in 2012 and highlights
Jamaica Seeks Logistics Hub Development
International investors are expressing serious interest in Jamaica’s plans to develop as a world-class logistics hub with potentially millions of dollars being lined up to back the Government’s proposals. Jamaica Minister of Industry, Investment and Commerce, the Hon Anthony Hylton
Global Freight Rates Plunge, Report Finds
Average global freight rates have fallen to a 15-month low, according to Drewry’s new online Container Freight Rate Insight. Drewry’s Global Freight Rate Index fell 12% in April to reach its lowest level since February 2012, when container shipping was still recovering from the last