The Stewart Group, an international shipbroker, has added new depth with the appointment of Michael Braid to launch its specialist subsea and renewables business. "We're delighted Michael has joined The Stewart Group team,” said Paul Love, Managing Director of The Stewart Group. “The caliber of the appointment underpins our growth strategy in the subsea and renewables sector." The Stewart Group, which has offices in Aberdeen, London, Houston, Cape Town and Ghana, is a world leader in shipbroking for the procurement of offshore support vessels, deep sea towage, salvage and ship sale/purchase services.
Hoover Container Solutions, provider of liquid & bulk container systems, listed as one of Houston's top 100 fastest growing companies. Houston Business Journal's "Fast 100 List" ranks the fastest-growing private companies in the Houston area by percentage of growth in revenue from 2010-2011. Hoover has experienced 30% or greater annual revenue growth for three years in a row which is a direct result of its efforts to provide greater value to its customers
In an effort to continue its ever widening expansion program within the marine electronics market in both North and South America, Japan Radio Company has added key personnel to its U.S. headquarters offices, JRC North America, Seattle, Wash. Ray Carter has joined the company as national sales manager, with experience in the commercial fishing electronics industry. Carter had previously served as general manager for Yaquina Bay Marine Supply in Newport, Ore
Rolls-Royce has announced its intention to acquire Scandinavian Electric Holding (SEH), a supplier of system packages for diesel-electric marine propulsion systems, continuing its growth strategy in the marine market. The acquisition, from Borea Opportunity II AS, requires approval from the Norwegian competition authorities, which is expected to be completed within a few weeks. Rolls-Royce will purchase 100 per cent of the equity of SEH for cash consideration of $84m
Known as the original smallship cruise line, American Canadian Caribbean Line (ACCL), has established 25 new itineraries for the year 2000. Included in the new schedule are: Gulf Intracoastal Waterway; seven-day Belize/Barrier Reef; Chicago/Upper Mississippi; and Great Lakes/Quebec City. Able to hold between 84 and 100 passengers each, ACCL's three-vessel fleet Grande Caribe, Grande Mariner and Niagara Prince kicked off the new year in Central America and the Caribbean
The U.S. Environmental Protection Agency is strengthening the regulations that govern the shipping of hazardous waste for recycling between the United States and other countries. The new measures are meant to increase the level of regulatory oversight, provide stricter controls, and greater transparency. The final rule announced today aligns EPA’s hazardous waste import/export/transit shipment regulations with the procedures of the Organization for Economic Cooperation and Development
Lifting Gear Hire (LGH), a company providing lifting and moving equipment for rent and sale, announced the addition of several new products to its equipment rental fleet. Joining the company’s rental portfolio is a 4x4x2 Gated Material Basket, as well as several new rigging rollers, including include Beam Clamp Rigging Rollers, Beam Clamp Multi-Rollers and Rack Rollers – each piece of equipment tested, inspected and certified upon request
Dependable Global Express, Inc. (DGX), a global ocean freight forwarder and NVOCC (non-vessel operating common carrier), and the only neutral freight consolidator serving Central and South America from the U.S. West Coast, has announced the following service enhancements: An every other week LCL (less-than-container load) consolidation service from Los Angeles to Buenaventura, Colombia. A direct, weekly LCL service to Guatemala City, Guatemala
American Cruise Lines (ACL) today confirmed it will be placing the first of four upcoming newbuilds on the Mississippi River, where it currently operates its newest riverboat, Queen of the Mississippi. The second newbuild will operate in the Pacific Northwest on the Columbia and Snake Rivers, where the line is operating the 120-passenger Queen of the West. Construction of both new riverboats is well underway at Chesapeake Shipbuilding in Salisbury, Md.
KENC Oil & Gas, specialists in the design, fabrication and supply of custom engineered equipment, will move to new, larger premises to meet growing demand from the on and offshore industries. From mid-July, KENC’s new headquarters will be at a 450m2 facility nearby the company’s existing address in Oldenzaal, the Netherlands. “This expansion is necessary thanks to the increasing number and size of engineering projects we are completing
Stolt-Nielsen buys competitor's chemical tanker operations. Deal includes 13 chemical tankers and 50 pct in 8 newbuilds. Details of the deal include: Stolt-Nielsen agrees to acquire the chemical tanker operations of Jo Tankers.
The PALFINGER Group closed the acquisition of 100 percent of the shares in Herkules Harding Holding AS, i.e. the globally operating Harding Group, supplier of lifesaving equipment and lifecycle services for maritime installations and ships.
Chemical shipping company Navig8 Chemical Tankers Inc. has taken delivery of its first stainless steel chemical tanker, the Navig8 Sirius, from Japanese shipbuilder Kitanihon Shipbuilding Co. Ltd. Navig8 Sirius is a 25,000 DWT stainless steel chemical tanker.
The Nigeria Liquefied Natural Gas Limited (NLNG) will this month receive the last of the six new vessels it bought for the transportation of liquefied natural gas (LNG) to various parts of the world, says a report in The Nation.
Conventional wisdom in the liquefied natural gas (LNG) sector is that no new projects will be built for several years, given the vast cost can't be reconciled with the current low prices. This view has led some in the industry to predict that the market will flip back to a structural
The PALFINGER Group has signed today the acquisition of 100 per cent of the shares in Herkules Harding Holding AS and thus, the globally operating Harding Group. The seller is the Norwegian private equity fund Herkules. Harding is one of the leading suppliers of lifesaving equipment and lifecycle
As maritime markets continue to struggle, merger and acquisition activity should heat up. Today, Austria's Palfinger Group announced that it intends to acquire 100% of the shares in Herkules Harding Holding AS and thus, the globally operating Harding Group
Vesper Marine, a manufacturer of marine safety products, announced a free upgrade for its flagship AIS Class B transponder, the WatchMate Vision, streamlining usability, while adding new safety features and enhancements to the user experience.
Hong Kong bulker Pacific Basin has proposed a one-for-one rights issue in a bid to raise approximately $150.6m for strengthening its long term equity capital. The shipping company plans to sell around 1.9 billion rights shares at a price of HKD0.60 per share, representing a 58
The Bureau of Ocean Energy Management’s (BOEM) Final Rule for Leasing of Oil and Gas or Sulfur in the Outer Continental Shelf (OCS) will be published in the Federal Register on March 30, 2016. The final rule updates and streamlines the existing OCS leasing regulations
Marlink has moved to a new office in Singapore in order to meet the growing demand for delivery and support of its portfolio of multi-band, business critical communication solutions for maritime customers operating in Southeast Asia. The original Marlink Singapore office was opened in 1998
Danelec Marine has opened a new European distribution center in Copenhagen. Managed by GEODIS, a global supply chain command company, the distribution center will carry a full range of Danelec Marine products and parts, including ECDIS
Elcome International, the leading marine solutions provider and system integrator in the Middle East and one of the largest marine technology companies in the world, will showcase a full array of the latest technologies at the Dubai International Boat Show next week.
SENNEBOGEN LLC has recently launched its new website, designed to turn the spotlight onto the users and the applications for purpose-built material handlers throughout the Americas. The new design provides a versatile platform that will allow the website to continue growing and adding new
Eyeing expanding global cruise market, four of Carnival Corporation’s 10 brands prepare to add new ships in 2016 Carnival Corporation & plc will launch four new ships in 2016 across four of its global cruise brands. These additions are part of the 17 ships scheduled for delivery