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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:


Marine Seating Goes Green

Photo courtesy Home Port Marine Marketing

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


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


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 Delivers Anti-Piracy Boat

Shark_38_Defiant.jpg

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


Metal Shark Expansion Creates 200 Jobs

Photo: Metal Shark

$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


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.


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.


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.


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


ThyssenKrupp in Talks to Sell Swedish Shipyard to Saab

A-26 Submarine: Rendering courtesy of Kockums

ThyssenKrupp is in talks to sell its Swedish marine defence unit to Saab after failing to reach a deal with Sweden for a new generation of submarines as the country tries to protect its defence manufacturing sector. The companies said on Monday that negotiations over the sale of ThyssenKrupp's


BOEM Proposes GoM Oil and Gas Lease Sale

Photo courtesy BOEM

As part of President Obama’s all-of-the-above energy strategy to continue to expand safe and responsible domestic energy production, Bureau of Ocean Energy Management (BOEM) Director Tommy P. Beaudreau today announced that the bureau will offer more than 21 million acres offshore Texas for


Scorpio Tankers' Latest Sale & Purchase Deals

Scorpio tanker: Photo courtesy of the owners

Scorpio Tankers says it recorded a gain of US$51-million from the sale of the 7 VLCC newbuilding contracts announced earlier. In March 2014, the Company received the proceeds from the sale of the seven VLCC newbuilding contracts and recorded a gain of $51 million in the first quarter of 2014


Rotterdam port's throughput almost stable

The Port of Rotterdam’s throughput in the first quarter of 2014, at 109 million tonnes, was 0.2% below the level for the corresponding period last year.Split up by goods type, less crude oil (-2%), mineral oil products (-14%) and other liquid bulk cargo (-14%) were transferred


AdvanTec Consolidates PCM Manufacturing

AdvanTec Global Innovations has announced it will consolidate its Pacific Coast Marine (PCM) manufacturing operations into other AdvanTec manufacturing facilities in the United States and Canada, effective July 31, 2014. "This move will expand PCM’s product capabilities


Auto-Maskin Opens Houston Office

Auto-Maskin, the makers of the Marine Pro range of diesel engine controllers, announced the opening of a new regional office in Houston, Texas to support the continued expansion in the marine and oil and gas sectors in North America. The facility in Houston will be staffed by sales, engineering


Trelleborg Opens Houston Office

Trelleborg’s marine systems operation announces plans to open a new sales and business development office in Houston, Texas, U.S. Trelleborg said it will establish a local “feet on the ground” presence in the area and confirms the company’s commitment to the global oil and


Technicold by Northern Lights Names Hall Sales Director

Shaun Hall

Technicold by Northern Lights, a manufacturer of marine heating, ventilation, air conditioning and refrigeration systems, has appointed 25-year industry veteran Shaun Hall to the position of Global Sales Director. Hall spent the last five years as National Sales Manager for Marvair in Florida


Jet Edge System Cuts Precise 3D Parts of Almost Any Material

EDGE X-5: Photo Jet Edge

American manufacturer Jet Edge informs that its EDGE X-5 5-axis waterjet system with AquaVision Di Controller cuts precise taper-free parts from virtually any material.  The EDGE X-5’s sturdy design separates the motion system from the catcher tank


Alfa Laval buys Frank Mohn for $2.17 bln

Swedish engineering group Alfa Laval said on Monday it had agreed to buy Norwegian marine and offshore pumping group Frank Mohn for 13 billion Norwegian crowns ($2.17 billion) in cash. Frank Mohn, headquartered in Bergen, Norway and with approximately 1,200 employees, posted 2013 sales of 3


IPS Completes Insulation and Fabrication Contracts

Paul Smith

Birkenhead  based engineering firm IPS Marine Fabrications has completed a series of contracts for three ship operators. IPS director Paul Smith said the contracts with Whitaker Tankers, and ferry operators Seatruck and Stena showcased the broad range of fabrication and insulation skills


Transas Names Pfeiffer Navigation Director

Jens Pfeiffer

Transas Marine has announced the appointment of Jens Pfeiffer as a Business Division Director, Navigation, Transas Marine. Jens Pfeiffer first joined Transas as a Sales Manager, Navigation in the company’s German office in 2005 where he worked for two years


Possible tug strike at Port Hedland

 The risk of strike action at Port Hedland has escalated, after two more unions representing tugboat workers sought permission to ballot workers which possibly could lead to industrial action.   Last week, the Maritime Workers' Union representing tug deckhands won


U.S. Commodity ETFs Fall for Fifth Quarter

U.S. retail and institutional investors pulled cash from broad commodity exchange-traded funds for a fifth straight quarter even as coffee, natural gas and hogs prices had their best run in years, data from Thomson Reuters Lipper showed on Wednesday.


Padbury Mining Secures $6.5 Bln Port Funding

Source: Padbury Mining

Australia's Padbury Mining Ltd said it had secured almost $6.5 billion in funding to build a new deepwater port and railway at Oakajee in Western Australia, potentially opening a new export hub for the region's iron ore riches.   Plans for a port at Oakajee in Western Australia's Midwest


 
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