The recently completed sale of Keppel Marine Industries Limited's marine-related businesses to Keppel Hitachi Zosen for about $99.4 million has allowed Keppel to "carry out a reduction of headcount in the three yards that will result in savings of about $2.9 million a year. Following the consolidation of Keppel Shipyard, Hitachi Zosen Singapore and Keppel Singmarine Dockyard, under Keppel Hitachi Zosen, the Keppel Group is rationalizing its operations to remain competitive.
BAE SYSTEMS North America has completed the sale of its Advanced Systems' Gaithersburg operation to Integrated Defense Technologies, Inc. The negotiated $146 million cash sale to Integrated Defense Technologies was originally announced Sept. 13. Closing of the sale today followed completion of regulatory reviews and approvals. At the Gaithersburg, Md. Operation, more than 300 employees design and manufacture high performance radio frequency surveillance equipment used in signals
Quintana Maritime Limited (NASDAQ: QMAR), a leading international provider of dry bulk transportation services, announced its operating and financial results for the three months and nine months ended September 30, 2007. Highlights include: initiated strategic review process to enhance shareholder value; increased net revenues by approximately 156% to $64.0m from $ 25.0m in the third quarter of 2006; increased Adjusted Net Income by approximately 262% to $22.1m from $6
A river and bay push boat built for the U.S. Army Corps of Engineers has been posted for immediate sale. The vessel features include: • Complete rebuild 2006 • Regularly dry-docked and serviced • Good working condition 2009 • 47 ft long x 17 ft wide • Weight: 44 tons • Two 300HP Cummins NT855 Diesel Engines
According to a Feb. 2 report from the SuperYachtTimes.com, the sale of the first of these, YN 16551, a 51-metre, full-displacement vessel was completed in December 2010 to create an enviable total of seven vessels sold during that year. The first sale of 2011 – YN 15850, a 50-metre, all-aluminium semi-displacement vessel – was completed in January 2011. The contract has been signed thanks to a fruitful collaboration with Burgess. (Source: SuperYachtTimes.com)
Sea Containers Ltd. has completed the sale of Newhaven Marina, West Quay and Railway Quay in Newhaven, East Sussex, England to Oakdene Homes PLC for $20.7 million (GBP11.25 million) in cash. Sea Containers will report a profit on the transaction of $10.4 million in the fourth quarter of 2005 and proceeds from the sale will be used to reduce company debt. Sea Containers has now sold almost all of its port property interests in the UK and the sale forms part of Sea Containers' ongoing
Bergen, Norway based Scandinavian Electric Systems(SES) has secured orders worth around NOK 350 million for delivery of complete Diesel-Electric propulsion and Automation systems for two plus option for three Jackup Vessels with Lamprell plc in Dubai. The Shipowner is Seajacks International Ltd.. The contract for the two first vessels of NOK 140 million are fixed and firm with optional contracts for the three next vessels worth approx. NOK 210 million.
Aegean Marine Petroleum Network Inc. (NYSE: ANW) announced that it has entered into an agreement to sell its two 2,400 dwt specialty ro-ro tankers, the Maistros and the Ostria, to an unrelated third party. Upon completing the sale of both vessels, which are not related to Aegean's core business for the physical supply of marine fuel, the company expects to realize a net gain in the second quarter of 2009. The company intends to use the proceeds of the sale to pay down debt.
Dutch shipping group Koninklijke Nedlloyd NV finalized the sale of its heavy transport arm Mammoet Groep to unlisted Dutch sector peer Van Seumeren Holland BV. Italy's Decafin SpA has also handed over its 33 percent stake in Mammoet to Van Seumeren, Nedlloyd said. As announced in May, the deal involves a total sum of $104.5 million, of which Nedlloyd will receive about $80 million euros.
New online service by YachtX.com eliminates brokerage commission & simplifies the sales of pleasure boats YachtX, Inc. launch the boating industry's first online yacht exchange. YachtX.com removes the obstacles that have inhibited owner-managed selling of high value boats and yachts – rendering the expense of commission-based yacht brokerage obsolete. Selling a boat is a specialized process. Until now
Chevron Corp has hired an investment bank to identify potential buyers of its 54,000 barrel-a-day refinery in Kapolei on the Hawaiian island of Oahu, a company official said. Deutsche Bank AG was retained to sell the plant, according to another person familiar with the sale
Strong prospects in the North American marine equipment market have triggered a new importation and distribution agreement between control specialist Lilaas AS and well-known marine and offshore sales and support organization Imtra Corporation, of New Bedford, MA.
Rederi AB TransAtlantic subsidiary Viking Supply Ships says it has sold the 1985 built platform supply vessel SBS Cirrus. The vessel has been delivered to its new owners, and the sale of the vessel will have a positive impact of NOK 0.8 million on the third quarter results.
Mercury Marine launched a new repower finance program that aims to make it easier for consumers to get the engine performance they want with flexible financing for a broad range of buyers. “Easy and attractive financing makes the sale for many boaters,” said Randy Caruana
Technip signed today an agreement to sell 100% of its North American diving assets to Ranger Offshore Inc.(1). Technip’s strategy focuses on high technology and ultra-deep water products and services. Proceeds from this divestment will be partially reinvested directly into
Le Diamant B – 16, rue de la République 92922 Paris-La-Défense Cedex, France E-mail: firstname.lastname@example.org Web: www.lubmarine.com The Company: Total Lubmarine is a global business unit of the oil major Total Group specialized and dedicated to marine lubricants and
Mill Log Equipment Company DBA Twin Disc Mid-Atlantic informs it has hired Ricky White as the Territory Manager for the southern Mid-Atlantic States to include the state of North Carolina (less the Outer Banks), and South Carolina. Ricky will operate out of the full service Rock Hill
6900 Thrustmaster Drive Houston, TX 77041 Telephone: (713) 937-6295 Website: www.thrustmaster.net Email: email@example.com CEO/President: Joe Bekker Number of Employees: 300 The Company: Thrustmaster of Texas, Inc. manufactures heavy-duty commercial marine propulsion and
At the opening of the 2014 PSP Southampton Boat Show today, Centek Industries of the U.S. announced the appointment of AJS Technical Services of Northants as the company’s technical sales representative for the United Kingdom.
Mainzer Straße 99, 56322 Spay Rhein, Germany Telephone: 49 2628 610 E-mail: firstname.lastname@example.org Website: www.schottel.de CEO Scottel GmbH: Dr.-Ing. Gerhard Jensen Number of Employees: 1,950 + The Company: The Schottel Group, with its headquarters in Spay/Rhine
Caterpillar Marine will launch the Cat C4.4 ACERT generator set for commercial vessels at the 2014 SMM Exhibition, held September 9 -12 in Hamburg, Germany. Designed to provide essential, nonessential or emergency power across a wide range of commercial platforms, the new C4
Optimarin has agreed an exclusive partnership with Zeppelin Power Systems for the engineering, supply and after sales service of its Optimarin Ballast System (OBS) technology. Zeppelin, a provider of drive, propulsion, traction and energy systems
4420 14th Ave. NW Seattle, WA 98107 Telephone: 206 789 3880 E-mail: email@example.com Website: www.northern-lights.com CEO/President: Sam Hill Number of Employees: 68 The Company: Founded in 1958, Northern Lights manufactures marine power generation
Holland America Line has promoted Christine Thurlow to director of national accounts sales, North America, on the company’s National Accounts Sales team. Thurlow will report to Charles J. Dunwoody, CTC, senior director, national accounts, North America
Scorpio Ship Management (SSM) has chosen Marlink’s WaveCall Very Small Aperture Terminal (VSAT) services for 75 newbuild tankers and bulkers to be delivered throughout 2015 and 2016. Following a separate contract in 2013 to provide VSAT services for 46 newbuildings and upgrading of the