On 22 February, EPS Corporation’s 50-percent owned Composite Holdings Inc. (CHI) acquired approximately 37 acres and some 141,000 SF of marine composite manufacturing facilities, located off the Barge Canal on Merritt Island, Florida. This Merritt Island acquisition, combined with the 2008 acquisition of 50 percent of CHI and its over 13 acres and 89,000 SF of marine manufacturing capacity on the Indian River in Titusville, Florida, provides EPS and its affiliate CHI about 50 acres of Florida waterfront property and over 230,000 SF of modern marine composite manufacturing facilities. “EPS is excited about this investment in the area. We expect great things moving forward with our line of marine vessels, which will be manufactured at these facilities,” said Mr. Francesco A. Musorrafiti, EPS Chairman and Chief Executive Officer. All inquiries regarding EPS Hovercrafts and marine vessels can be made by contacting firstname.lastname@example.org.
Global Container Terminals Inc. unveils multi-million dollar expansion plan to develop a container terminal in Port Of New York & New Jersey Global Container Terminals Inc., a leading North American marine terminal operator with facilities on both coasts, has unveiled final plans for a multi-million dollar expansion project to develop a 70-acre technologically advanced container terminal on the Bayonne, NJ, waterfront
Agustin Díaz, deputy general manager of the Curaçao Ports Authority, Inc., was installed as Chairman of the Board of the American Association of Port Authorities (AAPA) during the September 26th Annual Membership Meeting at The Breakers in Palm Beach, FL. Díaz succeeded as Chairman of the Board Dick Steinke, Executive Director of the Port of Long Beach. “We’re pleased to have Agustin lead the Association on behalf of AAPA’s Latin American delegation,” said Kurt J. Nagle, AAPA President
The U.S. Navy has awarded a team that includes Austal USA, a $79 million contract to develop a final design for the Littoral Combat Ship (LCS), along with options to build two ships. Total contract value including both shipbuilding options is $536 million. With its unrivalled expertise in large, high-speed aluminum vessels, Austal, as the designer and builder of the proposed LCS vessels, is a major contributor to the team which is led by General Dynamics-Bath Iron Works
Santa Maria Shipowning & Trading, based in Santa Rosa, California, is looking to purchase or lease a 15 or more acre industrial site with 600 feet of waterfront property and a minimum shoreline depth of 15 feet. The site will be used to build and launch a fleet of fuel-efficient, ocean-going container ships as part of the proposed Marine Highway Initiative (MHI) that will remove 20,000 daily truckloads off U.S. highways, transferring the cargo onto 66 new American-built ships
Barge Transport Claims Only a Portion of the Benefits Our Navigable Waterways Make Available to the Nation. The National Waterways Foundation (NWF) has produced a new brochure – “Waterways: Vital to the Nation” – capturing the key findings of the January 2011 study, “Toward a Full Accounting of the Beneficiaries of Navigable Waterways,” by the University of Tennessee Center for Transportation Research
Carnival Corporation & plc has signed an agreement to build and operate a cruise terminal on the island of Roatan, Honduras. Development of the facility - to be called "Mahogany Bay - Roatan" – is expected to start in fall 2007 and be completed by summer 2009 at a cost of $50m. The cruise facility will be situated on 20 acres on the Roatan waterfront and will consist of a two-berth cruise terminal capable of accommodating super post-Panamax vessels and up to 7,000 passengers daily.
As part of its continuing plans for diversification and expansion The Great Lakes Towing Company, a 106-year old tug company, now a multi-faceted marine transportation and ship and boat repair business, will construct a new $3,500,000 headquarters building and state-of-the-art shipyard complex on its present 6-acre deep waterfront property in the Old River Channel of the Cuyahoga River in Cleveland, Ohio. Located at the foot of West 45th Street on Division Avenue
International accountant and shipping consultant Moore Stephens said many overseas companies, including some connected to shipping interests, will be among those affected by draft legislation from the U.K. government proposing changes to the taxation of U.K. residential property valued at £2m or more. Among other things, companies resident outside the U.K. will, for the first time, be liable to capital gains tax (CGT) on such property, with effect from April 6, 2013.
Saltchuk has signed a Purchase and Sales Agreement with Kimberly-Clark to buy a 66-acre property on the Everett waterfront, formerly home to Kimberly-Clark's pulp mill and tissue plant. The deal will initially bring approximately 250 skilled, family-wage jobs to the Everett waterfront and create a thriving/vital shipbuilding and maritime industry in the heart of Everett. Saltchuk, a second generation Northwest-based, family-owned business, employs 6,500 people nationwide
Strategic Marine makes headway in marine infrastructure sector with two new projects underscoring fabrication capabilities Strategic Marine announced today it is constructing two marine infrastructure fabrication projects in its Vietnam shipyard. Both projects are for Australian clients.
BMT Fleet Technology Ltd (BMT), a subsidiary of BMT Group Ltd, has announced its latest research project with the National Shipbuilding Research Program (NSRP) to evaluate recent advancements in Integrated Cold Electrode (ICE) welding technology. Jointly funded by industry and the U.S
Global Ship Lease, Inc. (GSL) announced that it plans to issue an aggregate principal amount of up to $400,000,000 of first priority secured notes due 2021 in a private placement. The notes will be fully and unconditionally guaranteed, jointly and severally
The Bayonne Bridge is undergoing a major construction project and special care is required to avoid ship allisions, including ship antenna strikes similar to those that occurred in the past, which may cause severe property damage or loss of life.
With oceans considered by many as one of the last frontiers, a new American Bar Association book will help experts and government planners use zoning as a vehicle for ocean development and management. “Zoning the Oceans: The Next Big Step in Coastal Zone Management’’ is the
The 72-foot tug 'Iver' lies in approximately 16 feet of water after sinking at the pier at Mariner Properties on Lake Union near Seattle. Coast Guard Sector Puget Sound received notification from the vessel’s caretaker at 7:30 a.m., reporting that the Iver had sunk and that there was a fuel
Thomson Reuters recognizes ABB as a Top 100 Global Innovator, honoring ABB’s commitment to drive innovations, commercialization and intellectual property protection. This award recognizes companies around the world for their outstanding commitment to global innovation
'Blue Champion' Chairman Greg Cox of the San Diego County Board of Supervisors has been a member of the San Diego County Board of Supervisors since 1995 and on September 9, 2013 was appointed to serve on the California Coastal Commission. The Maritime Alliance (TMA) explains the choice:
Manila's International Container Terminal Services Inc's (ICTSI), troubled venture in Portland, Oregon, faces more difficulties as its big customer, Hanjin Shipping, is pondering whether to leave the port for either Tacoma or Seattle, according to the 'China Logistics Portal'.
The Port of Redwood City has received a U.S. Department of Homeland Security grant that will enable it to conduct maritime security training and exercise planning to remain compliant with U.S. Coast Guard regulations and to protect port personnel, property and cargo
The September hearing held by the House subcommittee on Coast Guard and Maritime Transportation centered on maritime transportation regulations and their ultimate impact on safety, security, jobs and the environment. As various industry advocates used the public venue as a vehicle to vent and for
U.S. Coast Guard units assigned to Coast Guard Sector Sault Ste. Marie, Mich., are using alternative methods to monitor marine radio frequencies for possible mariners in distress during extended outages throughout the region. Due to recent storm damage
Halyard, global manufacturer of marine exhaust solutions, has extended its range of noise insulation products with the introduction of Rockwool Marine Firebatt 2000. Aimed at the commercial marine sector, the multipurpose Marine Firebatt 2000 is a rock mineral wool slab
U.S. Coast Guard Sector Sault Ste. Marie, Mich., said it regained normal communications capabilities in the northern Great Lakes region Tuesday, following outages throughout the region as a result of storms. Restored communication capabilities include Rescue 21 coverage throughout northern Lake
Richard Tomer has been named a Regulatory and Permitting Specialist at Parsons Brinckerhoff, a global infrastructure strategic consulting, engineering and program/construction management organization. In his new position, Mr. Tomer will provide technical regulatory services throughout the New