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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.


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


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


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


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.


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


NSA, Rickmers-Linie Partner for Puerto Rico Service

nsa.png

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


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:


DHL Expects Immunity in Price Fixing Investigation

Deutsche Post expects its DHL forwarding business to be granted immunity from prosecution and fines by Singapore antitrust authorities, who are investigating 11 companies for alleged price fixing, the German logistics company said.  


Commodity Giant Steps out of the Shadows

Photo: Trafigura

A detailed new case study scrutinizing the risk-management Swiss-based Trafigura is the latest effort to "demystify" the once-secretive commodity trading industry, just big merchants seek to fill a void being left by Wall Street banks.


Inchcape Shipping Services Opens in Venezuela

Port Manager Aldo M. Limongelli will head up the new office of ISS   Venezuela in Puerto La Cruz.

Inchcape Shipping Services (ISS), the world’s leading maritime services provider, has expanded its network in Central and South America with the opening of ISS Venezuela in Puerto La Cruz, to satisfy strong customer demand. Port Manager, Aldo M


RS at SEA JAPAN 2014

Russian Maritime of Shipping stall

Russian Maritime Register of Shipping (RS) was the only Russian company to take part in SEA JAPAN 2014 exhibition and conference – one of the major exhibitions of the maritime industry. The event which brought together the leading industry representatives of the world took place between 9 to


IMF April Update Sees Lower Global GDP Growth

Recovery strengthens, remains uneven The message from the IMF is clear: The global recovery is still fragile despite improved prospects, and significant downside risks—both old and new—remain. Recently, some new geopolitical risks have emerged.


SEMBCORP MARINE’S SEMBAWANG SHIPYARD TO REVITALISE 'VOYAGER OF THE SEAS'

Sembcorp Marine’s wholly-owned subsidiary Sembawang Shipyard has secured an agreement with RCL Cruises Ltd., a member of the Royal Caribbean Cruises Ltd. group, to perform the extensive revitalisation of Royal Caribbean International’s 137,276-gross tonnage


Topaz Secures another West Africa Contract

The Topaz Faye

Topaz Energy and Marine, an offshore support vessel company with primary operations in the Middle East and Caspian, announced a new contract win for its fast growing West Africa operation. Under the terms of the $11 million agreement, Topaz will supply a global oil major with a platform supply


TT Club Signs Partnership in The Philippines

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Specialist transport insurance provider, TT Club has appointed a network partner in The Philippines.  Del Rosario Pandiphil Inc. becomes the seventh such partner that the international logistics and freight handling insurer has in the Asia-Pacific region


Cargo Sits Waiting a Fortnight in Asia: Analysts Seek Reasons

Slow steaming & Lay-up impacts: Image courtesy of Drewry Maritime Research

Jochen Gutschmidt, head of global transport procurement at Nestle, asked the Global Liner Shipping Conference in Hamburg last week: “Why is cargo waiting in Asia for two weeks?” Using data from Drewry’s latest 'Container Forecaster', just published


US Retailers Urge Speedy W. Coast Labor Contract Negotiations

File photo CCL

The National Retail Federation (NRF) informs it has urged maritime management and the union representing dockworkers along the U.S. West Coast ports to expedite pending contract negotiations and reach agreement on a new deal well in advance of the expiration of the current contract this summer.


DNV GL Oil & Gas to Expand in Norway

Marianne Hauso

Relocates Norwegian oil and gas HQ to Stavanger, led by Marianne Hauso; to increase staff in Western Norway by 10% in 2014 DNV GL is relocating its oil and gas head office in Norway from Høvik to Stavanger in order to be even closer to its customers, the company said


Topaz secures another West Africa contract

Topaz-faye DP2 platform

Topaz Energy and Marine, a leading offshore support vessel company with primary operations in the Middle East and Caspian, today announced a new contract win for its fast growing West Africa operation. Under the terms of the US$ 11 million agreement


Technology, Economy the Focus of New Marine Academy in China

Chinas Ningbo container port (Photo courtesy UNNC)

The Ningbo Nottingham International Academy for Marine Economy and Technology (IAMET) has been officially launched at a ceremony at The University of Nottingham Ningbo China (UNNC). A partnership between The University of Nottingham, Wanli Education Group and Ningbo Municipal Government


MAS Debuts Exclusive Armor Systems

Photo: MAS

Following on from the continued success of the product, Marine Armor System (MAS) announced its global launch and updated website. MAS is a nonlethal vessel protection system based on ballistic blinds, protecting the vessel or rig against pirate attacks and other potential threats such as armed


Hapag-Lloyd, CSAV Merger Finalized

Michael Behrendt, Chairman of the Executive Board of Hapag-Lloyd (left), and Oscar Hasbún, CEO of CSAV, today at Ballin House (Hapag-Lloyd headquarters) in Hamburg after the signing.

Hapag-Lloyd and CSAV binding agreement signed / In return for contributing its container business, CSAV becomes new core shareholder of Hapag-Lloyd / Hapag-Lloyd becomes the world’s fourth-largest liner shipping company Hapag-Lloyd AG and Compañía Sud Americana de Vapores


 
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