THE MARINE GROUP
Resolve Marine Group refloated the Clipper Adventurer cruise ship recently. The vessel had run aground on rocks in Coronation Gulf, in Canada's Northwest Passage on Friday, August 27. The Resolve salvage team deployed four tugs at high tide, to free the stranded vessel. The Clipper had sustained several breeches to the hull when it ran aground the rocks last month, with passengers onboard. The Canadian Coast Guard evacuated the passengers without incident before the salvage operations began. The vessel is currently underway to Port Epworth, Nunavut, where it will be stabilized and temporary repairs effected. Resolve Marine Group is a leading marine services organization with a primary focus on salvage and emergency response, worldwide. It is headquartered in Fort Lauderdale, and has operations in New Orleans, Theodore (Mobile), London, and Singapore. Its divisions include Resolve Salvage & Fire (Americas), Inc., a Primary Resource Provider for ship owners and operators, that fulfills all U.S. Coast Guard OPA-90 requirements for marine salvage and firefighting in U.S. waters. www.resolvemarine
The Manitowoc Company, Inc. announced that Vane Line Bunkering, Inc. has awarded Manitowoc Marine Group (MMG) a contract for the construction of a 480-ft., 145,000-barrel, double-hulled hot oil tank barge and an accompanying 6,000-horsepower tug. The ocean-going articulated tug and barge (AT/B) unit is slated for delivery in fourth quarter of 2006. This contract also provides Vane Brothers with an option for an identical AT/B unit to be delivered in the third quarter of 2007
Friede Goldman In Deal To Buy Halter Marine In a deal that will create the U.S.’ most prolific offshore building company, Friede Goldman International Inc. announced plans earlier this week to buy ship builder Halter Marine Group Inc. The agreement is valued at about $220 million calls for each Halter share to be exchanged for 0.4614 share of Friede Goldman.
Friede Goldman International stated that its activities related to its pending merger with Halter Marine Group were progressing on schedule. The company has received commitments from a group of banks led by Wells Fargo and Bank One for a credit facility that will meet the financing needs of the combined company. Response from shareholders of both companies to the proposed merger has been positive based on proxies received through October 25
According to a May 16 report from the Vancouver Sun, the Harper government is expected to release its long-term shipbuilding strategy in the coming weeks, creating two national centers to handle billions of dollars worth of contracts. The strategy could spark a high-stakes game pitting West Coast firms against East Coast companies in a winner-take-all contest. Vancouver-based Washington Marine Group and J.D. Irving on the East Coast will be asked to submit proposals to become the “center
Fincantieri Marine Group (FMG) announced that its Bay Shipbuilding Company will build two 303-ft Platform Supply Vessels (PSVs) of the MMC 887 LH PSV Design from MMC Ship Design of Poland for New Orleans, La.-based Tidewater Marine, LLC, a wholly-owned subsidiary of Tidewater Inc. The Deepwater Platform Supply Vessels, to be built at FMG’s shipyard Bay Shipbuilding Company, located in Sturgeon Bay, Wis., will be state-of-the-art vessels with diesel-electric z-drive propulsion
Friede Goldman International, Inc. and Halter Marine Group Inc. have announced the two companies have completed their previously announced merger and the name of the combined company is now Friede Goldman Halter, Inc. The new company will begin trading on the New York Stock Exchange on November 4, under the new symbol "FGH."
Resolve Marine Group of Fort Lauderdale, one of the US’ major Marine Emergency Response, Salvage and Fire Fighting experts, is to develop its expertise on a more global basis and has recruited a number of key personnel into its company to achieve this aim. Bob Umbdenstock, marine industry executive and consultant with international management experience in heavy salvage, wreck removal and environmental protection
Luhrs Marine Group announces the commencement of proceedings under Chapter 11 of the Bankruptcy Code Morgan Industries Corporation, the parent company of Hunter Marine Corporation and the Luhrs Marine Group family of boat manufacturing businesses, announce that it and its U.S. subsidiaries (the "Company") filed voluntary petitions for chapter 11 business reorganization in the United States Bankruptcy Court for the District of New Jersey.
Orion Marine Group, Inc., a heavy civil marine contractor serving the infrastructure sector, announced a contract award of approximately $38 million. to design, build and dredge a new dock facility for a private customer in the Caribbean. The initial design phase of the project will commence immediately, while onsite construction will begin in the third quarter of this year and last approximately 18 months
Brownie's Marine Group, developer, manufacturer & distributor of dive and water safety products, sells a Triton 3300/3 submersible. The denomination 3300/3 refers to the depth rating of 3,300 feet for up to three people. Triton builds competitively superior submersibles uniquely
Dubai Council for Marine and Maritime Industries, the umbrella industry body representing the marine and relevant industry, had its first introductory member’s meeting. The meeting sought to introduce the members, lay the broad framework for future operations
Wisdom Marine Group signed a two-tranche syndicated loan agreement for $5.92 million (USD) and ￥11.88 billion ($119.43 million, USD) with six domestic banks to finance its orders with three Japanese shipbuilders, Taipei Times reported. The syndicated loan was co-led by First Commercial Bank and
Orion Marine Group, Inc., a heavy civil marine contractor serving the infrastructure sector, announced a contract award of approximately $9 million. Orion Marine Group was recently awarded a contract by the U.S. Army Corps of Engineers to dredge approximately two million cubic yards of material
Singapore-based Otto Marine & group subsidiaries issue a warning regarding its forthcoming financial results. Otto Marine Group is expected to report a loss for the financial year ended 31 December 2012 largely due to, amongst others, the following:
Shipbuilders, Fincantieri, publish its 2012 financial results; announce resignation of Chairman Corrado Antonini. Highlights: · Profit for the year in excess of euro 15 million (euro 9 million in 2011);
Resolve Fire and Salvage signed an agreement with Fire Department New York (FDNY) last week, allowing the vast resources of the FDNY to be included in Resolve’s network of first responders that are available to vessel owners and operators
Planning now underway for the International Shipbuilding, Marine Equipment & Offshore Engineering Exhibition in Dalian, China This increasingly important event takes place between the 21 and 24 October, 2014 at the Dalian World Expo Center..
Singapore headquartered Otto Marine to build two Anchor Handling Tug Supply (AHTS) vessels for an Indonesian operator. The new shipbuilding contracts, with a total value of US$27.8 million are for constructing two identical units of 5,150 bhp Anchor Handling Tug Supply Vessels (or AHTS)
Otto Marine, owners & operators of Indonesia's largest shipyard, announces changes to it senior management. The changes are as follows: Mr. Michael See Kian Heng joins Board of Directors as Executive Director Mr. Mok Kim Whang appointed as President of Shipbuilding division
Tideland Signal supplied a large quantity of buoys—complete with lanterns, moorings and bridge lights—to Nakheel Marine Group of Dubai for its Palm Deira, Palm Jebel Ali and The World developments. The bulk of the Tideland equipment comprises 13 SB-285P buoys marking the exclusion
A recent forecast indicated a 2013 growth of 8% in the American boating industry. In light of an improving consumer outlook, more than half (51%) of marine industry survey participants said the best time to increase inventory levels is right now to be fully stocked for the spring selling season
Otto Marine's shipyard has sold the multi-purpose offshore support vessel 'Otto Explorer 3' to RY Offshore Ltd. for about US$ 50-million. Upon completion of the sale, the buyer will charter the vessel to the Ottto Marine Group subsidiary, Go Marine Group Pty Ltd
Ballast water treatment equipment manufacturer Hyde Marine provides systems for all sizes and manners of vessels, but increasingly, the U.S.-based subsidiary of Calgon Carbon Company is being recognized for its work with offshore operators – here and abroad.
Tsunami warnings issued by the Japan Meteorological Agency and other weather service providers will be sent to vessels via NYK's 'e-missions' system. The warnings are intended to allow affected vessels to determine the best course of action through contact with those on shore and use of the