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
With oceans considered by many as one of the last frontiers, the American Bar Association's new book “Zoning the Oceans: The Next Big Step in Coastal Zone Management’’ is intended to help experts and government planners use zoning as a vehicle for ocean development and management. It is claimed to be the first book to focus on new and emerging state ocean zoning programs in the context of recent developments in offshore coastal zone regulation at the state and federal
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
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
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
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
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
A changing tax landscape doesn’t have to mean bad news – at least not just yet. A Changing Landscape Historically, bonus depreciation has had a significant effect on construction of new vessels, allowing businesses to initially expense 30 percent
Region’s newest maritime center to showcase room-sized simulators, and training and industry docks As San Jacinto College prepares to break ground to build the region's newest maritime training facility, some of the industry's most sought after training technology has arrived and is
ITIC has warned that the so-called ‘hold harmless’ clauses in many of the contracts entered into by its members may contain pitfalls which could prejudice their rights. A mutual hold-harmless indemnity clause should provide that each party to the contract agrees to take
Port Metro Vancouver is taking steps to ensure the safety of the port and port users, and the smooth movement of goods in the face of ongoing disruption to operations by members of the United Truckers Association. This group of truckers is protesting the wages paid by those who hire them
By Hannah Vinter, Reuters Showy entertainment venues, museums and new housing blocks have replaced many of the shipyards that once lined Glasgow's River Clyde. Long gone are the days when the area was an industrial powerhouse producing around a fifth of the world's ships - now Scotland's
The Port of Hueneme, claimed to be one of the most productive and efficient commercial trade gateways for niche cargo on the West Coast, is to be visited by the Acting Maritime Administration (MARAD) Chief, Paul ‘Chip’ Jaenichen.
Ingalls Shipbuilding Purchases Former 84 Lumber Property in Moss Point Huntington Ingalls Industries’ (HII) Ingalls Shipbuilding division has purchased property in Moss Point where the former 84 Lumber was located. The acquisition of the property closed on Jan. 31.
Today in U.S. Naval History - February 5 1854 - Dedication of first chapel built on Navy property, Annapolis, Md. 1941 - Chief Nurse Marion B. Olds and Nurse Leona Jackson, Navy, arrive on Guam. 1971 - Moonwalk by Capt. Alan B. Shepherd, Jr. USN, Commander of Apollo 14 and CDR Edgar D
Dmitry Medvedev, Prime Minister of the Russian Federation has approved the sale of 100% of the shares of OAO Archangel Trawler Fleet, reports Russia's 'Arctic-Info'. Citing the Federal Agency for State Property Management, Arctic-Info reports that Archangel Trawler Fleet was owned by the state
CJR Propulsion announced the completion of an agreement to purchase all commercial assets and intellectual property from leading stainless steel fabricator, Oval Stainless. In addition, the agreement includes the transfer of all current employees – helping to secure the continued employment
You say you don’t work on an LNG ship? You should care nevertheless. Just ten years ago, LNG Import terminals were being built and/or contemplated throughout the United States. Then, it was widely expected that Liquefied Natural Gas (LNG) imports would account for a large percent of the
The U.S. Coast Guard will establish a temporary security zone Wednesday to Friday in designated waters of the Choptank River for the Republican Issues Conference. The security zone will be in effect from 3 a.m. Wednesday until 1 p.m. Friday
Louisiana-based boat manufacturer Metal Shark Aluminum Boats is significantly expanding its operations and has acquired a large waterfront parcel to accommodate the production of larger vessels. The builder has signaled its entry into the shipbuilding sector with the purchase of a 25-acre
The U.S. Coast Guard is planning to widely use sonar to support its maritime security and marine environmental protection missions. The agency currently has limited capability to detect objects below the water’s surface and relies on others (such as the U.S
New Industries, Inc. has announced the completion of the expansion of its Morgan City piping fabrication shop. The expansion adds an additional 10,000 square feet of useable space, two additional overhead cranes, and a new automatic Submerged Arc welding system