JAMESTOWN METAL MARINE SALES

Guilty Plea, Conspiring to Defraud U.S. Navy

A U.S. Navy subcontractor from Virginia has pleaded guilty to conspiring to defraud the Navy in connection with contracts for fabricated metal to be used for the repair and maintenance of elevator equipment on Navy aircraft carriers and support vessels, the Department of Justice announced. The charge is the first to arise out of the Department's ongoing antitrust investigation into the sales of fabricated metal products and other materials to the U.S. Navy. Todd M. Mosiman, a resident of Virginia Beach, Va., pleaded guilty in U.S. District Court in Norfolk, Va., to conspiring with another individual to steer more than $167,000 in contracts to Mosiman's now-defunct Chesapeake-based company from at least June 2004 to at least March 2005. The other individual was an employee of a Virginia-based company that served as the Navy's prime contractor for its elevator equipment repair and maintenance contracts. Among its other responsibilities, the prime contractor assisted the Navy in its procurement of the materials, including fabricated metal products, needed to repair and maintain the elevator equipment. The co-conspirator was responsible for determining which vendor the prime contractor would recommend to the Navy for the fabricated metal contracts. The co-conspirator was also a secret co-owner of Mosiman's company and shared the proceeds from the fabricated metal contracts. Mosiman and the co-conspirator carried out the conspiracy by:

Morse Rubber Completes Metso Acquisition

Morse Rubber LLC completed a purchase of assets, which include various product ranges and the Keokuk, Iowa manufacturing facility, from Metso Minerals Industries. The acquired products include Morse Marine Bearings, marine bumpers and engineered components. The manufacturing facility comprises 120,000 square ft. under roof with capabilities that include rubber to metal bonding; large scale molding; extruding; machining of rubber, composites and metals as well as metal welding and fabrication

Metal Shark Delivers Anti-Piracy Boat

38 Defiant Delivered to Atlanic Methanol for Security and Patrol. Metal Shark Boats has completed delivery of a security, patrol, and anti-piracy vessel for Atlantic Methanol Production Company's operations in Malabo, Equatorial Guinea. The boat is a derivative of Metal Shark's 38 Defiant, a platform already in use as a U.S. Navy, Coast Guard, law enforcement, and commercial vessel. "Metal Shark's capabilities extend far beyond the traditional patrol vessel

Marine Seating Goes Green

Leading ergonomic marine seating manufacturer STIDD Systems, Inc. and Ultrafabrics LLC, manufacturer of eco-friendly Fusion fabric, introduced the first helm seats covered in Fusion at the 2009 Fort Lauderdale International Boat Show. Soft but durable, water-repellent, antimicrobial and stain-resistant Fusion contains no plasticizers, heavy metals or stabilizers and is free of VOCs, POPs, HFRs and formaldehyde. Most spills clean up easily with mild soap and water – no harsh cleaners

Coatings: Metal Fusion Helps Stop Corrosion

New advances in metal fusion technology produce a metalized coating with no porosity, which can be applied at rates similar to those achieved by airless painting practices. The substrate temperature does not affect the process, and there is no curing time. The competitive process results in extremely long term near permanent corrosion protection, which is designed to be competitive in price with conventional corrosion systems

Metal Shark Expansion Creates 200 Jobs

$1.52 million investment will create 88 direct jobs and result in 134 indirect jobs   Louisiana Governor Bobby Jindal and Metal Shark Boats President Chris Allard announced the company will make a $1.52 million capital investment to expand its Jeanerette shipyard in support of military, law enforcement agency and commercial boat contracts. The expansion will create 88 new direct jobs, with an average salary of more than $62,000, plus benefits

MarAd Disposes of More Ships

Three ships will leave the James River Reserve Fleet this summer, thanks to domestic ship dismantling contracts announced today by U.S. Maritime Administrator Captain William G. Schubert. Marine Metals of Brownsville, TX, has been awarded three contracts valued at $3.1 million to dismantle the American Banker, the Mormacmoon, and the Santa Cruz. All three ships are considered high-priority vessels for dismantling and recycling.

Metal Action Machining Ltd. Certified to AS9100

Metal Action Machining Ltd. (the CNC Division of Analytic Systems) has announced that they have been certified to the International Standards Organization (Certificate number AS-1197), Aerospace AS9100 Quality Management System. On the heels of being certified to ISO9001-2008 one year ago, Metal Action decided to upgrade to the Aerospace Certification.  This will allow Metal Action to obtain new aerospace contracts for the likes of AVCORP, ASCO, Boeing, Bombardier, etc

SENESCO Names Schuler as New CEO

The Southeastern New England Shipbuilding Company (SENESCO) has appointed Gary C. Schuler, the former President of Stanley-Bostitch, as the company’s CEO. In addition to his new post as CEO, Schuler becomes one of two private investors in SENESCO having made a personal investment in the fast growing company. Robert Jarvis, who has served as President of SENESCO for the past two years, will continue in this position and also serve as the COO.

NYMH Executes Purchase Contract

NYMET Holdings Inc. (PINKSHEETS: NYMH), a metals and mining company headquartered in Port Jefferson, N.Y., announced the successful execution of a Lease Purchase Contract to acquire a marine salvage and storage facility located in Stockton, Calif. The acquisition, which includes two waterfront parcels, as well as riparian rights, provides NYMET a strategic location to expand their Marine Salvage Division for scrap metal recovery.