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Drew Marine Acquires Chemring Marine

Affiliates of Drew Marine (“Drew Marine”) have reached a definitive agreement with Chemring Group PLC (“Chemring”) to acquire Chemring’s maritime interests (“Chemring Marine” or the “Company”) for a cash consideration of £32 million, subject to standard closing adjustments.  Under Drew Marine’s ownership, the business will be named Drew Marine Signal and Safety (“DMSS”).    Chemring Marine is the world’s leading supplier of marine distress signals including handflares, manoverboard buoys, line-throwers and other required rescue products under established brands including Pains Wessex, Comet, Aurora and Oroquieta.  The Company’s products are produced in Bremerhaven, Germany; Pamplona, Spain; and Lara, Australia.  The business will continue to be headquartered in Hampshire, UK.   Len Gelosa, President and CEO of Drew Marine, said: “The acquisition of Chemring Marine is a perfect fit with our strategy to provide essential products for safety, reliability and compliance to the global maritime industry.  Like Drew Marine, Chemring Marine is known for supplying the highest quality and best performing products to the markets that we serve.  The addition of these high quality brands is in keeping with Drew Marine’s philosophy of bringing the best of the market to our customers


Sumitomo And Mitsui Finalize Merger Conditions

Sumitomo Marine & Fire Insurance Co. and Mitsui Marine & Fire Insurance Co. on Tuesday announced terms under which they will merge next October, creating Japan's largest non-life insurer with assets of 5.7 trillion yen ($51.6 billion). In a joint statement, the companies said 1.09 Mitsui Marine shares will be allocated for one Sumitomo Marine share. The merged entity will be named Mitsui Sumitomo Insurance Co. with Mitsui Marine president Takeo Iguchi and Sumitomo Marine president


ZF Marine Named Supplier of the Year

Mercury award.jpg

ZF Marine has been chosen as one of Mercury Marine’s suppliers of the year. Each year Mercury Marine evaluates over 1,500 suppliers, and selects only 12 to receive this award.  AJ Halavacs, Pleasure Craft Segment Manager, and John Shea, Account Manager, both from ZF Marine were on hand to receive the award from Mercury Marine.  It was presented last month at the Mercury Marine Supplier Conference in Sarasota. Fla


PFI Marine Electric in Dutch Harbor Year Round

Pacific Fishermen Shipyard and Electric, LLC (PFI Marine Electric) announced that it will now be providing year round marine electrical services in Dutch Harbor, Alaska, as well as the Puget Sound area, maintaining marine electricians on site 24/7. Seattle’s PFI Marine Electric shares facilities with Dutch Harbor’s Lunde Marine Electronics to provide marine electrical services in Alaska along with Lunde Marine’s electronic services


IMUA Names Award-winning Marine Underwriter

Gina Domitrovich, AMIM, Senior Marine Underwriter, AIG Global Marine & Energy, is the first recipient of the new American Marine Claims Award, by Inland Marine Underwriters Association’s (IMUA). The award presentation was made closing ceremonies during IMUA"s 83rd Annual Meeting held in Buckhead, Atlanta, GA. As the winner of the American Marine Claims Award, Ms. Domitrovich will receive a $2,000 cash award and a stipend towards attendance at the International Marine Claims


MN 100: Donjon Marine Co., Inc.

J. Arnold Witte, Sr. (Headshot).jpg

100 Central Avenue Hillside, New Jersey 07205 Tel: (908) 964-8812  Email: info@donjon.com Website: www.donjon.com President & CEO: J. Arnold Witte The Company: Donjon Marine Co., Inc. offers the marine community full-service solutions to meet every need in the field of marine salvage, dredging, material recycling and related services. Founded in 1964, Donjon Marine’s principal business activities were marine salvage, marine transportation, and related services


Travelift at Work in BC

Marine Travelift, Inc. announced Canada's largest Marine Travelift mobile boat hoist is currently in service in a brand new, 15-acre workyard and boat storage facility in Richmond, BC. The state-of-the-art, $1.1 million, 220-ton capacity hoist, which weighs 125 tons, can lift boats from roughly 30 to 150 ft. Arrow Marine Services is a division of well-known Canadian trucking firm Arrow Transportation Systems. According to Brian Charles, general manager


Cummins,CitiCapital Launch Alliance for Finance

Cummins Inc. and CitiCapital have reached an agreement to promote a co-sponsored marine finance program. Under the agreement customers who purchase Cummins engines for various commercial vessels will receive exclusive finance products provided by CitiCapital. This agreement demonstrates the cooperative efforts of both companies by bringing together the premier manufacturer of marine engines and the world's largest financial services conglomerate. The agreement will initially cover the U.S


Orion Marine Wins Caribbean Offshore Mooring Contract

Orion Marine Group, Inc. headquartered in Houston, Texas, announce award of a contract which is worth approximately US$14-million. The contract is for the design and construction of offshore mooring facilities for a liquids terminal in the Caribbean. The project is expected to commence in the 4th quarter and to last approximately 12 months. Orion Marine Group, Inc. provides a broad range of marine construction and specialty services on, over and under the water along the Gulf Coast


Yank Marine Upgrades Marine Travelift Hoist at Tuckahoe Yard

Yank Marines New Travelift: Photo credit Yank Marine

A new 300 mt marine lift for Yank Marine is being installed at its Tuckahoe, NJ shipyard. This new 300 metric ton marine lift was transported from Marine Travelift in Sturgeon Bay, Wisconsin on ten trucks and is currently being erected on site. It was purchased using a $961,676.00  grant from the Maritime Administration under the Assistance to Small Shipyards Grant Program, and will replace Yank Marine Inc.’s  existing 200 metric ton Marine Travelift.


TSB Investigating Ferry, Pleasure Craft Collision

The Transportation Safety Board of Canada (TSB) is deploying a team of investigators to Laval, Quebec, following a collision between the ferry Paule II and a pleasure craft which occurred on August 1. The TSB will gather information and assess the occurrences.  


GE Gas Turbines to Power US Navy’s New Destroyers

DDG destroyer (Photo: GE Marine)

The U.S. Navy’s new DDG 121 and DDG 122 Arleigh Burke-class destroyers will be powered by eight LM2500 marine gas turbines supplied by GE Marine, who also received a five-year extension on its requirements contract for the DDG 51 program.  


NYK Hosts Safety Conference

NYK hosted a safety promotion conference for shipowners and ship-management companies at the NYK head office

Over three dates in July, NYK hosted a safety promotion conference for shipowners and ship-management companies at the NYK head office in Tokyo and at Imabari city in Ehime prefecture. This conference is held every year as part of the “Remember Naka-no-Se” safety campaign


SKANReg Recruits UK Ship Register's Mazumdar as CEO

Debasis Mazumdar (Photo: SKANReg)

After four groundbreaking years as head of the UK Ship Register (UKSR), Debasis Mazumdar is moving on to become CEO of the London-headquartered St Kitts & Nevis International Ship Registry (SKANReg), with a mission to drive further growth for the ambitious ten-year-old Caribbean flag state.


DryShips Reaches Agreement with Ocean Rig

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DryShips Inc. (NASDAQ: DRYS), a global provider of marine transportation services for drybulk and petroleum cargoes, and through its subsidiary, Ocean Rig UDW Inc., of off-shore contract drilling oil services, announced the following: It has reached an agreement with Ocean Rig UDW Inc


WKCTC to Host Open House for ILM Institute

ILMI Bldg

  West Kentucky Community and Technical College will host an open house and ribbon cutting for the Inland Logistics and Marine Institute August 10 from 4 ­– 6 p.m. at 631 Marine Way in downtown Paducah. The event will highlight the completion of the 8


USCG Investigate Tar Balls at Makaha Beach

Report by beachgoers of tar balls on the beach in Makaha on Oahu, Hawaii is being looked into

  The Coast Guard is investigating a report made July 29, 2015, by beachgoers of tar balls on the beach in Makaha on Oahu, Hawaii. Coast Guard Sector Honolulu incident management personnel walked the beaches and found tar balls up to an inch in size scattered along a 1


Missing Person Rescued Near Brackettville

Border Patrol Agents, CBP Office of Air and Marine Rescue Missing Person Near Brackettville

  On July 31, Border Patrol Search Trauma and Rescue (BORSTAR) agents and CBP Office of Air and Marine rescued a man who was reported missing the previous morning. “Beyond our daily enforcement duties, we also have a responsibility to assist those in distress and our local


NMDC Breaks Several Records on New Suez Canal Project

Official countdown to New Suez Canal. Photo: Suez Canal Authority

 UAE dredging and marine construction firm National Marine Dredging Company (NMDC) has announced the completion of the New Suez Canal project.   The $8bn (£5bn) project had been projected to take three years but on the orders of the president, Abdel Fatah al-Sisi


Polarcus Secures New Contract

Polarcus Alima. Photo by Polarcus DMCC

 Polarcus Limited sign a new contract with an unnamed client in terms of a marine 3D seismic project where Polarcus' Right Band technique used  for broadband data acquisition.   It is stated in a stock exchange release. The project


Mingde Heavy is Bankrupt

Photo: Nantong Mingde Heavy Industry

 Nantong’s Tongzhou District People’s Court has put an end to the restructuring appeal by debt-ridden Nantong Mingde Heavy Industry, and officially declared it bankrupt.    A  a request by Mingde to extend the submission of its restructuring plan


Strategic Marine’s Stock Program Full Power Ahead

StratCat26 CTV

  Strategic Marine, the specialist shipbuilder and fabricator, has confirmed its stock program of personnel transport vessels is market-ready. “Our stock program currently incorporates two class leading designs which are in high demand through its wide deployment capabilities and


Canada's First LNG Ferry Launches with Bestobell Valves

Bestobell Valves is celebrating supplying cryogenic valves to Canada’s first LNG-fuelled ferry – the MV Armand-Imbeau II, which has recently been launched.   It is the first of two dual fuel ferries being built for ferry operator Société des Traversiers du


Strategic Marine: Stock Program Full Power Ahead

Photo: Strategic Marine

Strategic Marine confirmed its stock program of personnel transport vessels is market-ready.  “Our stock program currently incorporates two class leading designs which are in high demand through its wide deployment capabilities and operating envelope,” said Reece Newbold


Tanker Retrofitted with Dual Fuel Engine

Fure West (Image: Caterpillar Marine)

Caterpillar Marine informs it has begin a dual fuel engine retrofit conversion onboard the 472-foot Fure West tanker, owned by Furetank Rederi A/B. The MaK M 43 C diesel engine onboard the tanker will be retrofitted in hull to the seven-cylinder M 46 dual fuel platform






 
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