According to an Oct. 15 report from the Associated Press, Agribusiness leader Archer Daniels Midland Co. said it has acquired five cargo ships to help it transport grain worldwide with greater flexibility and at lower cost than outside carriers. (Source: Associated Press)
Austal is pleased to announce the appointment of former Boral Limited Divisional General Manager Peter Hogan to the position of Chief Operating Officer – Australian Operations. Hoganr brings a strong background in business growth and operational improvement as well as proven success at all levels of management, both in Australia and overseas. He has previously held senior management positions with Hanson Israel Limited, Pioneer International Limited
The members of the American Waterways Operators (AWO), the national trade association for the American tugboat, towboat and barge industry, elected Mr. Royce C. Wilken as Chairman and Mr. H. Merritt Lane as Vice Chairman on Friday, April 20 during the AWO Spring Convention in Washington. Mr. Wilken is President of American River Transportation Co. (ARTCO), headquartered in Decatur, IL, and served as vice chairman for the past year. Mr
Canyon Offshore, Inc., has announced that it has been awarded drill support contracts on board the drilling rig Rowan Midland for its new electric Work Class ROV, Quest #3. In June, Canyon mobilized the new built Quest #3 on board the rig for Energy Resource Technologies, Inc. (ERT) to support ERT’s re-entry well work on East Cameron block 374. Upon completion of the ERT contract, Canyon will provide ROV services to Remington Oil & Gas at East Cameron 377 to support drilling and completion
To mark this year’s National Apprentice Week (6 – 10 February 2012), Finning Power Systems (Finning), the UK’s sole supplier of Caterpillar marine engines, is announcing that places are now available for its next intake of marine apprentices. The company is seeking young, enthusiastic talent to join its long-established marine apprenticeship scheme; a scheme that has been offering young people in the UK the opportunity to develop their engineering skills since the
On May 10, 2012 AVEVA (LSE:AVV) announced the release of an exciting new software product family for the marine and EPC market, AVEVA Enterprise Resource Management. Comprising the products AVEVA Material, AVEVA Planning and AVEVA Production, the application suite supports the entire project management and execution process. Shipyards and EPCs will benefit from lower material and production/construction costs through improved project efficiency
As shipping companies continue to suffer with the sagging world economy, bondholders who financed the Greek-controlled shipping company Enterprises Shipholding have detained a second of the company's containerships to force repayment of a $175 million junk bond on which it defaulted in June, according to a Reuters report. The company has a fleet of 17 refrigerated ships, 15 of which are laid up and not trading. It also has five container vessels
MarAd will pay Bay Bridge Enterprises $494,000 to remove the Vulcan and tow it to its Chesapeake salvage yard on the Elizabeth River within 45 days. The Vulcan is a former Navy repair ship built in 1941. The Vulcan will be recycled for steel. The company will also remove and dispose of waste fuels and other potential pollutants on the ship. Bay Bridge Enterprises has gotten several contracts to scrap Ghost Fleet ships from the Maritime Administration.
After 51 years of distinguished service, USS Enterprise (CVN 65) will ceremonially inactivate later this year at Norfolk Naval Station, in Norfolk, Va. The inactivation ceremony will be the last official public event for the ship, and will serve as a celebration of life for the ship and the more than 100,000 Sailors who served aboard. Details of the actual ceremony are still being finalized; however, numerous dignitaries and thousands of veterans of the ship are expected to attend the event
Five-year agreement gives Australia's Worley Parsons access to all solutions in Intergraph® SmartPlant® and SmartMarine® Enterprise portfolios This five-year agreement covers the Intergraph SmartPlant® and SmartMarine® Enterprise software suites, including SmartPlant 3D, SmartMarine 3D and SmartPlant 3D Materials Handling Edition (collectively known as Smart 3D), SmartPlant Foundation, SmartPlant Construction
COSCO Shipping Company Limited (COSCOL) signed a contract with Shell Offshore Inc. on 6
Inmarsat, the leading provider of global mobile satellite communications services, today confirmed that the third satellite in the transformational Global Xpress (GX) programme – Inmarsat-5 F3 (I-5 F3) – has been scheduled for launch at the Baikonur Cosmodrome in Kazakhstan at 12
Maritime security experts from federal, state and local jurisdictions are meeting in San Diego this week as part of Maritime Security 2015 West. Attendees from Turkey, Japan, United Arab Emirates, France, U.K., and New Zealand joined participants from across the U.S
Capitalizing on its 2013 acquisition by software firm VerticaLive, MarineCFO has announced a Fall 2015 introduction of Endurance, a cloud version of the MarineCFO Enterprise Solution. “MarineCFO has proactively sought to bring efficiency
88 medium-size and large shipbuilding enterprises in China realized an aggregate gross industrial output value of RMB 163.0 billion ($26.3 billion) during the January-May period this year, up 5.5 percent year on year, says China Association of the National Shipbuilding Industry (CANSI).
The August 2015 edition of MarineNews, the leading voice in the North American workboat market, will feature 100 leaders and innovators, including workboat owners and operators, workboat builders and repairers, and product and service providers.
China Ocean Shipbuilding Industry Group (COSIG) with its unit, China Ocean LNG has bought a 47% stake in Jiangxi Petrochina Kunlun Gas (Jiangxi Gas) for a total of ($6.2m), according to a stock market statement. The Chinese yard noted the benefits of investing in Jiangxi Gas
Intensifying crackdown on corruption China’s National Audit Office released an audit report for state-run shipping conglomerate Cosco Group in which it has uncovered substantial financial irregularities. The report found that Cosco had falsely left out a sum of RMB298m ($48m)
PJSC LUKOIL has strongly denied accusations of money laundering and tax evasion brought against Petrotel-LUKOIL and its employees by the Prosecution Office under the Board of Appeal of the city of Ploesti, Romania. LUKOIL has been operating on Romania’s territory since 1998 and is
The U.S. Coast Guard has fully reopened the Intracoastal Waterway (ICW) near Bolivar Peninsula, Texas Monday at 9:15 p.m. Monday, after closing it for a barge collision earlier in the day. At approximately 1:20 a.m. Monday, a collision occurred at ICW mile marker 349 involving two
Layoffs at Newport News Shipbuilding could top 1,500 from now through 2016 as the company copes with a temporary drop in work, the company president told employees this week. In a letter to the workforce, President Matt Mulherin said layoffs will exceed 500 people this year
The American Equity Underwriters, Inc. (AEU) presented its 2014 Safety Awards at the annual American Longshore Mutual Association, Ltd. (ALMA) Conference on July 19, 2015, in Key Biscayne, Fla. AEU, which provides solutions for workers’ compensation coverage under the Longshore and
The population of a U.S. oil boomtown that became a symbol of the fracking revolution is dropping fast because of the collapse in crude oil prices , according to an unusual metric: the amount of sewage produced. Williston, North Dakota, has seen its population drop about 6 percent since last
Inmarsat, a provider of global mobile satellite communications services, has confirmed that the third satellite in the transformational Global Xpress (GX) program – Inmarsat-5 F3 (I-5 F3) – has been scheduled for launch at the Baikonur Cosmodrome in Kazakhstan at 12
Enterprise Mariner Services, LLC (EMS) operates with the motto “Safe, Efficient, Reliable”. With the addition of their eighth Z-drive towboat and the fourth from Sneed Shipbuilding, the goal of maintaining that excellence is ever more assured.