According to an August 25 report from www.wbay.com, Bay Shipbuilding notified the Wisconsin Workforce Development Tuesday it may cut a total of 405 positions. The company laid off 133 employees in the last three months, and those could become more permanent than expected with the company announcing plans for 272 more jobs cut between October 30th and December 5th. (Source: www.wbay.com)
PTC (Nasdaq:PMTC), The Product Development Company, and Sener announced plans to strengthen their alliance to deliver an integration between Sener’s FORAN system and PTC’s Windchill PLM software. The integration will enable Sener’s shipbuilding customers to leverage Windchill’s enterprise PLM capabilities while managing FORAN CAD data within the same PLM platform ideally suited for complex, distributed, and large-scale product development.
Dutch firm Damen Shipyards Group has announced plans to buy the remaining shares it does not already own in Romanian shipyard Santierul Naval Galati and to delist it from the RASDAQ over-the-counter market. Damen reportedly offered $612,400 for 5.107 percent in the shipyard. Last March, Damen Shipyards Group bought a 51 percent stake in the shipyard from the country's main privatization agency, the FPS. Last November, it acquired a further 43.89 percent at a public tender offer.
Dubai Ports Authority (DPA) and the Jebel Ali Free Zone announced a joint venture with Oracle Corp. to establish the region's first e-business market. The Dubai Electronic Market (DEM) will start operating within 60 days, and would make it possible for businesses to buy, sell and compete on world markets. DPA will operate the project, while Oracle will provide the infrastructure and advanced technology. All purchase orders, confirmations
GE Security, Inc., announced plans to submit its CommerceGuard container security solution for participation in the next phase of U.S. Customs and Border Protection (CBP) testing and evaluation of conveyance security devices (CSD). CommerceGuard is a solution for global supply chain security, currently helping to protect intermodal shipping containers while they are in-transit by adding intrusion detection to other security measures already in place in the supply chain
President and CEO of Bouchard Transportation, Morton S. Bouchard III accepts the Admiral’s Award from Maritime College Interim President Dr. Michael A. Cappeto at the Annual Admiral’s Scholarship Dinner on Tuesday, May 6, 2014 Morton S. Bouchard III Announces Plan for the Construction of Dormitory to House Visitors to the Tug & Barge Simulation Center at SUNY Maritime College Bouchard Transportation Co., Inc
American Commercial Lines Inc. announced plans to increase wage rates for hourly production and maintenance employees at the Company’s Jeffersonville, Indiana manufacturing facility by an average of approximately 11% this year, including a more than 15% wage increase for certified welders. The Company’s proposal increases the hourly wage rate for certified welders to $19.50 per hour. This new wage plan was presented to General Drivers, Warehousemen & Helpers (Teamsters), Local Union No
883-The keeper and crew of the Smith’s Island Station, Virginia (Fifth District), saw a small schooner flying a signal near Isaac Shoal, five miles away from the station. They went out to her and found on board the captain of a sloop that wrecked the night before several miles from land. He had succeeded in swimming to a bar near the beach, where he was picked up by the crew of the schooner. Finding him suffering from exposure they signaled for assistance
Aegean Marine Petroleum Network Inc. (NYSE:ANW) announced that it has taken delivery of the Zakynthos, a 6,272 dwt double-hull bunkering tanker newbuild from Qingdao Hyundai Shipyard in China. The vessel is expected to be deployed to the company's market located in Gibraltar. E. Nikolas Tavlarios, President, commented, "We are pleased to continue to execute our growth strategy with the delivery of the Zakynthos
1883-The keeper and crew of the Smith’s Island Station, Virginia (Fifth District), saw a small schooner flying a signal near Isaac Shoal, five miles away from the station. They went out to her and found on board the captain of a sloop that wrecked the night before several miles from land. He had succeeded in swimming to a bar near the beach, where he was picked up by the crew of the schooner. Finding him suffering from exposure they signaled for assistance
Inmarsat has announced plans in support of its diamond sponsor commitment for London International Shipping Week, 11-15 September 2017 (LISW17) by staging three key events focusing on the maritime industry’s digital future. To coincide with the official launch of LISW17 on October 19th
The government of South Korea has decided to help Hyundai Merchant Marine (HMM), the nation’s only major shipping line, grow into a mega shipper by all means available, reports Business Korea. The state plans to provide loans of up to 6.5 trillion won (US$5
International Maritime Organization (IMO)’s work to promote safe and environmentally sound ship recycling made further progress this week (6-8 November) in Dhaka, Bangladesh, where a roundtable meeting of donors discussed next steps in IMO’s SENSREC project.
U.S. oil drillers increased rigs this week for a 21th week in the last 24, as energy firms follow through on plans to add rigs made months ago when crude was still trading over the key $50 a barrel level analysts said should lead to more drilling.
POSCO, a multinational company headquartered in Pohang, South Korea, and the fifth-largest steel producer in the world, has announced plans to build a wire rod processing center at the Port of Indiana-Jeffersonville, creating up to 60 high-wage jobs by 2018
The South Carolina Ports Authority announced plans to pursue a second inland port facility, driven by the success of Inland Port Greer and demand for enhanced efficiency of international container movements between the Port of Charleston and growing markets in South Carolina and North Carolina
The Port of London Authority (PLA) has invested £250,000 to upgrade its ship’s bridge simulator, adding a full tug bridge simulator in a move that is set to enable a boost in port trade and helps terminals verify their expansion plans.
A new Georgia-based company called PortFresh Logistics has announced plans to build a 100,000 square-foot cold treatment facility dedicated to perishable cargoes imported through the Port of Savannah. The facility, slated to open in late summer 2016
Bouchard Transportation Co., Inc., an independently-owned oceangoing petroleum barge company, has introduced a new corporate logo and announced plans to launch an updated website before the end of the year. Both the new logo and updated website, www.bouchardtransport
Hanjin Shipping is planning to return a total of 38 chartered vessels once their contracts end as part of its restructuring efforts, reports the Korea Herald. A company official said Hanjin was planning to return 20 containerships and 18 bulk vessels by 2017, but declined to disclose details
U.S. drillers this week added oil rigs for a sixth consecutive week, according to a closely followed report on Friday, despite crude prices falling to April lows below $40 a barrel this week. Some producers are still boosting spending on expectations for higher prices in the future.
Buyout firm Advent International Corp has hired Morgan Stanley & Co and Grupo BTG Pactual SA to advise on the sale of a controlling stake in TCP Terminal de Contêineres de Paranaguá SA, Brazil's second-busiest container port
ABB has launched Stage 3 of its so-called “Next Level” strategy which aims to drive company-wide growth via four entrepreneurial divisions, while realizing the group’s full digital potential and improving operational efficiencies.
Consolidated Grain and Barge Co. (CGB) announced plans today to expand its operations at the Port of Indiana-Mount Vernon, investing more than $31 million to increase its soybean processing capabilities in southwest Indiana. “Indiana is a state known around the world for building things
Asian liquefied natural gas (LNG) gas prices reached a nine-month high this week as demand from India, Japan and South Korea underpinned sentiment, reports Reuters. LNG for November delivery were about $6.20 per million British thermal units (mmBtu), 10 cents higher than last week