WEST MARINE

Navico Appoints New Regional Sales Managers

Navico, parent company to the Lowrance, Simrad Yachting and B&G brands, announced the hiring of two new Regional Sales Managers, Chris Melena and Russ Stevens. Melena and  Stevens will drive sales and support dealers, distributors and retail customers in the Great Lakes and New England regions, respectively. Each Sales Manager has over a decade of experience in the marine industry and brings a wealth of talent to the Navico sales team.   Prior to joining Navico, Melena was a Regional Sales Manager with Raymarine in their Great Lakes territory. He entered the marine industry in 1993 and has held positions at Captain’s Marine Supply and West Marine. Mr. Melena grew up boating on Lake Erie and is an experienced sailor. He is a graduate of Miami University and resides in Catawba Island, Ohio.   Stevens was most recently Sales Director for On the Water Media. With over 12 years of experience, he has managed sales and marketing teams in the boating and fishing industry. Stevens resides on Cape Cod and is a graduate of the University of Vermont.  

EVAC Receives Order to Outfit Empress

Envirovac Inc. received an order from Nichols Brothers Boat Builders for the vacuum collection and treatment system for the "Empress of the North." Owner of the boat is American West Steamboat Company. EVAC will provide a specially designed four ejector/four pump vacuum collection system with 155 wall mounted toilets, 104 vacuum interface valves for gray water collection by vacuum and (2) ORCA IIA-500's for treatment of all black and gray water.

GL Noble Denton Expands MCI Practice

GL Noble Denton Launches Marine Casualty Investigation Operations in Seattle.   GL Noble Denton has expanded its Marine Casualty Investigation (MCI) practice in North America by launching operations in Seattle, a primary hub for marine insurance. The new base will allow the company's team of experienced surveyors to meet the growing demand for marine casualty investigations off the West Coast of the US and Canada

DryShips Debt Agreement

DryShips Inc. (NASDAQ: DRYS), a global provider of marine transportation services for drybulk cargoes and off-shore contract drilling oil services, announced that it has signed an agreement with Commerzbank and West LB on waiver terms for $70 million of our outstanding debt. This agreement is subject to customary documentation. George Economou, Chairman and Chief Executive Officer, commented: "We are pleased to have reached an agreement with Commerzbank and West LB

Ambassadors International to Acquire American West Cruises

Ambassadors International, Inc. announced today that it has signed a definitive agreement to acquire 100% of the membership interests of American West Steamboat Company LLC and related entities ("American West Cruises") from Oregon Rail Holdings, LLC. American West Cruises is one of North America's premier river and coastal cruise companies operating unique, historical and nature-oriented cruise itineraries on the Columbia and Snake rivers, Alaska's Inside Passage

Coast Guard Cutter Cypress Returns Home

The crew of the Coast Guard Cutter Cypress (WLB 210) returned to their homeport in Mobile, Ala., Monday, returning from a seven-day trip to southern Florida. The crew of the Cypress departed Mobile on the Oct. 25 en route to Key West, Fla., to conduct Hurricane Wilma recovery operations. Cypress’ crew delivered supplies to Sector Key West and serviced thirteen buoys in the Key West Main Channel. After completing her mission in the immediate Key West area

Ambassadors International Acquires merican West Cruises

Ambassadors International, Inc., announced that its wholly-owned subsidiary, Ambassadors Cruise Group, LLC has completed its acquisition of American West Steamboat Company LLC and related entities ("American West Cruises"), one of North America's premier river and coastal cruise companies. The signing of a definitive agreement was previously announced on December 27, 2005.

Cammell Laird Extends Repair Reach West

Following quickly on the heels of an overseas investment deal in Marseilles, Cammell Laird (Holdings) has increased its involvement in the overseas repair and conversion industries by taking a $7.7 million (49%) equity stake in a new holding company along with United States' West Coast shiprepairer Cascade General. This deal has an option for Cammell Laird to take a controlling interest within the next two years. The deal will allow the new company to purchase the repair facility (freehold

Timecharter Fixtures

Iolcos Grace - (built 1990) 71,749 dwt del Dalian prompt 4-6 months trading $9,000 daily Chinese charterers. North Countess - (built 1986) 70,280 dwt del Kinuura Nov 305 months trading $8,500 daily S A Marine. Lavadara - (built 1996) 69,091 dwt del Bin Qasim early Nov trip via west coast India redel Japan $10,750 daily MOL-Navix. Lamyra - (built 1983) 64,879 dwt 13 on 27 plus 1.5 del West Africa prompt trip passing Muscat outbound-Colombo range high $9,000 daily plus an undisclosed bb CNR.

Resolve Marine Response Vessel Stationed in Key West

Resolve Marine Group announced that the Resolve Pioneer, the company’s flagship, has been stationed in Key West, Fla. The Resolve Pioneer AHTS, a multi-service vessel with ice class hull and 80-ton bollard pull, is stationed in Key West for an indefinite period -- for emergency response and salvage standby for tanker and other commercial vessel casualties in the Gulf of Mexico, the Caribbean and the U.S. east coast.