The Drew Marine Division of Ashland Specialty Chemical Company has elected John C. "Jack" Finnegan as manager of new business development. Finnegan, who comes to Drew Marine from Newport News Shipbuilding, will be responsible for identifying and developing new business opportunities to expand the range of products and services Drew Marine offers to the marine industry. He will also manage start-up operation and global implementation for the company's new business ventures and product lines.
Leading classification society ClassNK has released new technical rules and guidance for the survey and construction of inland waterway ships. As a result of ClassNK’s recent expansion of its global activities, in particular across South America, the number of inland waterway ships on the ClassNK register has continued to grow, accounting for 15% of all vessels classed over the past year alone. In order to support this growing market and ensure the safety of the inland
The new P-310 pilot boat developed by Response Marine is designed to meet the need for a small, fast pilot and transport boat with a low operating and start-up cost. The P-310 is a relatively deep V hull (18-degree transom) with increasingly steep mid and forward sections, designed to deliver a smooth ride. The first hull was built by Viking Welding in Kensington, NH, for use by Eastern Point Pilots, which provides pilot, transport and tow services along the northeaster coast of Massachusetts
Intergraph and the Napa Group will collaborate to improve the interfacing to integrate each other’s shipbuilding and offshore structure software solutions as well as create new capabilities. A mutual arrangement allows the companies to use existing features inherent in their software offerings. Intergraph’s SmartMarine™ Enterprise suite, including its next-generation, data-centric, rules-driven SmartMarine 3D modeling and visualization solution
Evergreen Line is teaming up with United Africa Feeder Line (UAFL) to extend its service network in the Indian Ocean. Evergreen announce a new ISC-Mauritius-Mozambique-Africa (IMMA) Service linking the Indian sub-continent, Indian Ocean Islands and Mozambique will be launched in late April. Employing three 2,500 TEU vessels, the biweekly service will have its inaugural sailing from Karachi on the 22nd of April 2-13
International maritime services provider, Inchcape Shipping Services (ISS), has appointed Romi Kaushal as Executive Vice President of Operations for their Asia Pacific region. With extensive experience in operations and shore based management, Romi has worked in senior commercial and operational positions across the globe. He was also a Principal Consultant for KPMG, CEO for the Emirates Shipping Line in Hong Kong and has held shipping roles in Hamburg, New York, Dubai and Montreal
Kursiu Linija has sold a fifty percent share of its equity to Icelandic transport company Eimskip. The deal gives Kursiu Linija resources to continue its growth and develop new intra European services, and continues Eimskip’s strategy of becoming a transport leader, offering total services in the North Atlantic through a network linking key ports in Europe. Lithuania-based K ursiu Linija has an expected turnover of approximately $76.6m in 2006 compared to $58.8m in 2005
BG Global LNG appointed David Maxwell to the leadership team of the Global LNG business, according to a Chron.com report. As vice president and general manager, LNG Business Development, Maxwell will be responsible for developing new LNG opportunities in Asia Pacific for BG as well as helping to realize existing opportunities. Maxwell was with Woodside where he was director, Gas and Marketing and was involved in the development of Woodside's natural gas and LNG portfolio
Stork Technical Services held its second REACHing Out forum as the company aims to improve safety engagement with its employee community, customers and wider oil and gas industry. More than 70 business leaders and safety experts from across the UK attended the thought leadership event which was held at the Marcliffe Hotel, Aberdeen. Erik-Jan Bijvank, SVP – UK & Africa, said, “REACHing Out delivered on our key aims for the event – to engage with our peers
MacGregor, part of Cargotec, has signed a major contract with Daewoo Shipbuilding & Marine Engineering Co Ltd in South Korea to supply a range of Hatlapa deck machinery for ten 172,600m3 liquefied natural gas (LNG) carriers. MacGregor will deliver electrically-driven deck machinery, windlasses and mooring winches, all optimised for operations in very low temperatures. Delivery is planned to start in 2017 and continue into 2018.
The world's top producers of liquefied natural gas (LNG) are investing in ship-fuelling operations, floating import terminals and power plants to open new markets and keep from drowning in a fuel surplus expected to last into the next decade.
In 2015, Ulstein Group recorded revenues of $279.4 million and an operating loss of $11.5 million. The business areas Design & Solutions and Power & Control both recorded profits. The downturn in the offshore sector and a tricky market has to be met with adaptation and innovation
Chant Engineering announced that business partner DLM has introduced a new product for the International Shipping Industry: the Twistlock Load Cell and Container Load Monitoring System. To increase the safety of cargo ships at sea
Xiamen, People’s Republic of China, 24 May 2016 – Terex Port Solutions (TPS) notches up another success for its Terex Quaymate M50 mobile harbour crane. After the first machine in the world completely manufactured and assembled by the Chinese site of TPS in Xiamen was shipped to
Three heavy weights have come together in the Middle East to promote LNG as marine fuel in the region - Qatargas, the Maersk Group and Royal Dutch Shell Plc signing a memorandum of understanding to explore future opportunities.
-40 years of standardization paves way for cost efficient offshore pipeline systems - Growing global energy demand and requirements for additional pipeline capacity are driving the pipeline segment. However, pipeline related innovation is prioritized by only 4% of senior oil & gas
Floating foundations for wind turbines present some technical advantages, which is encouraging more and more industry players to develop new floaters. Firstly, they can be deployed in deep seas, independent of the soil conditions. Secondly, the installation and heavy maintenance can be done in
Finance Ministry Arun Jaitley in Union Budget for financial 2016-17 (Apr-Mar) has announced imposition of 14% service tax on services provided by domestic shipping companies transporting goods from outside India. “The service tax on services provided by shipping
Singapore’s Sembcorp Marine (Sembmarine) has increased its stake in Norway-based Gravifloat AS to 56%, which it intends to fully acquire eventually. In a statement on Wednesday, SembMarine says it acquired a 44% stake in Gravifloat for US$38 million ($52
Tokyo-based shipping line NYK Group (Nippon Yusen Kaisha) has decided to establish a new company, Symphony Creative Solutions (SCS) in Singapore, to develop and market new solutions in the shipping and logistics fields. NYK, along with its subsidiaries
A new battery storage solution for offshore wind energy will be piloted in the world’s first floating wind farm, the Hywind pilot park off the coast of Peterhead in Aberdeenshire, Scotland. Batwind will be developed in co-operation with Scottish universities and suppliers
Global towage operator Svitzer has signed a contract with the Damen Shipyards Group for four ATD 2412 tugs as part of Svitzer’s ongoing fleet renewal program. All four tugs are being built at Damen Song Cam Shipyard in Vietnam. Demonstrating the advantages to be gained from building vessels
RMS has published a new report examining the current state of cargo modeling in the marine market, and providing a new cargo-specific approach to the assessment of vulnerability and port accumulation. The report “Marine Cargo Catastrophe Modeling: Navigating the Challenges
Following on a March 2015 agreement and a memorandum of agreement last December, Fincantieri, a leader in cruise ship design and construction, and Carnival Corporation & plc, the world’s largest cruise company, have finalized contracts for the construction of five next-generation
European Commission invests over €7.5 million under the European Maritime and Fisheries Fund to boost innovation, growth and jobs in the marine and maritime sectors. The European Commission is investing over €7.5 million to boost innovation and create jobs in the marine and