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Grand Banks

Grand Banks Yachts Moves

Grand Banks Yachts has moved its worldwide offices to Seattle while worldwide sales headquarters remain in the company’s long-standing Norwalk, Conn. Facility. Global marketing services, headed by recently-appointed VP Marketing Rob Livingston, are now situated at 2100 Westlake Avenue North, Suite 107, Seattle 98109, located directly on the west side waterfront of Lake Union. Vice President of Sales Ed Roberts continues to manage the Norwalk offices, overseeing worldwide sales along with the American service support staff. Grand Banks also maintains both west coast and European sales offices.


First Orphan Basin Oil Exploration for mid-August

In mid-August, Chevron Canada will drill the first exploratory well in the Orphan Basin. According to industry experts, the exploration of the Orphan Basin could mean the beginning of a new and potentially lucrative phase of Newfoundland and Labrador’s offshore oil industry. The basin is in an area that has not been explored before, where the weather is harsh and the water is deep. However, the potential is massive — the Orphan Basin could hold more oil than the Jeanne D'Arc Basin on the


Halifax Wins Another Order

Halifax Shipyard won another offshore contract. The Irving Shipyard in Halifax, Nova Scotia has landed a contract to modify and refit the Glomar Grand Banks semi-submersible drill rig. The work will be completed at the Irving facility in Woodside. The job, which was commissioned by Global Sante Fe of Houston, Texas, will employ 350 people for a minimum of three months starting in January. The Rig will tie up at Woodside Facility on the December 19, and prepare for the upgrade


GlobalSantaFe Reports 2Q Earnings

GlobalSantaFe reported net income for the quarter ended June 30, 2002, of $73.4 million, or $0.31 per diluted share, on revenues of $501.7 million, versus $84.3 million and $0.69 per diluted share for the corresponding 2001 quarter. For the six months ended June 30, 2002, GlobalSantaFe reported net income of $150.5 million, or $0.63 per diluted share, on revenues of $990.4 million. This compares to net income of $125.0 million, or $1.03 per diluted share, for the six months ended June 30, 2001


International Ice Patrol Opens Annual Ice Season

A Coast Guard International Ice Patrol team conducts initial ice patrols for the 2015 ice season on Feb. 5, 2015. The International Ice Patrol opened the annual ice season on Feb. 3, 2015. (U.S. Coast Guard photo contribute

The U.S. Coast Guard International Ice Patrol opened the annual ice season February 3 to detect and track icebergs in the North Atlantic Ocean. The IIP deployed its first Ice Reconnaissance Detachment (IRD) to Newfoundland, Canada, to meet with Canadian partners and to conduct the initial aerial patrols of the season. The IIP conducts iceberg reconnaissance using HC-130J Hercules aircraft from U.S. Coast Guard Air Station Elizabeth City, North Carolina


Grand Banks Yachts Swings Back into Black

Photo: Grand Banks Yachts

 The builder of luxury yachts Grand Banks Yachts swung to a net profit of $1.2 million for the first quarter ended Sept 30 compared to a net loss of $1.3 million for the year-ago period.   Following restructuring efforts after a major acquisition, gross profit margin increased to 24.5% from 9.5% a year ago.    The SGX Mainboard-listed builder yachts said net profit rose after introducing initiatives to integrate design


Grand Alliance Enhances Routes

Grand Alliance enhances its Mediterranean-Asia loop M to include port call at Busan Grand Alliance is adjusting its service between the Mediterranean and Asia (EUM) in response to the increasing cargo volume. Busan will be included as a port of call in the service loop, and an additional eighth vessel will be deployed for the service. Ships deployed in EUM will be in an average capacity of approx. 6,500 TEU, replacing the


International Ship Masters’ Association 2011 Convention Complete

New officers (both elected and appointed):  Front, L to R:  (Elected Officers) Grand Secretary-Treasurer George Skuggen, Grand 2nd Vice President Rebecca Hancock, Grand President Tom McMullen, Grand 1st Vice President Seann ODonoughue;  Back, L to R: (Appointed officers) Grand Marshal Joe Walters, Grand Chaplain Camilla Ross, Grand Warden Mark Stevenson, Grand Sentinel Mike Pratt. Photo courtesy the ISMA

The 121st annual convention of International Ship Masters’ Association (ISMA), held in Detroit, Mich., concluded on Saturday, February 12, 2011. Newly-elected officers were installed on Friday, February 11: Grand President: Thomas McMullen, of Livonia, MI Grand 1st Vice President: Seann O’Donoughue, of Owen Sound, ONT Grand 2nd Vice President: Rebecca Hancock, of Traverse City, MI Grand Secretary-Treasurer: George R. Skuggen, of Avon Lake, OH  


Grand Circle Cruises Buys 'MV Corinthian'

MV Corinthian: Photo courtesy of Grand Circle

Vince Cook, CEO of Grand Circle Cruise Line, informs that the company has acquired the 'M/V Corinthian', a 98-passenger, ocean-going vessel that currently operates in Antarctica.  They had chartered the ship for the past year and intend to expand the Corinthian's operations with the launch of three new small ship cruise itineraries in 2015. The ship was acquired for an undisclosed price from Travel Dynamics International, an operator of educational programs aboard small cruise ships


Detroit Agencies Perform Maritime Security Exercise

Detroit Coast Guard members are participating in a Southeast Michigan Area Maritime Security Committee multi-agency table-top exercise Wednesday at the Detroit Fire Department Regional Training Center. The purpose of this exercise is to test plans and policies of federal, provincial, state and local area agencies in response to a transportation security incident. In accordance with the Homeland Security Exercise and Evaluation Program, a table-top exercise is a discussion based exercise


Microsoft Mogul's Yacht Destroys Coral Reefs

MV Tatoosh. By Comiquaze

 The anchor chain of 303-foot mega-yacht, the Tatoosh, belonging to Microsoft co-founder Paul Allen has been blamed for destroying a large area of protected coral reef in the Cayman Islands.   It destroyed almost 14,000 square foot, or about 80 per cent


HMM Seeks New Buyer for Broker Stake

South Korea's Hyundai Merchant Marine Co Ltd (HMM) plans to seek another buyer for its majority stake in stock brokerage Hyundai Securities Co Ltd , an HMM spokesman said on Monday. HMM's talks to sell its entire 22.4 percent stake in the brokerage to Japan's Orix Corp for about 647 billion won


APM Terminals Pipavav Receives Maiden RoRo Vessel

APM Termianl Pipavav (Image: AMP)

APM Terminals Pipavav (Gujarat Pipavav Port Ltd), one of western India’s gateway ports,  announced having hosted the maiden call by leading RORO operator Höegh Autoliners vessel – m.v. HOEGH ANTWERP at Pipavav Port.  


Grounded Giant Chinese Boxship Freed

One of the world's largest container ships has been freed from a mud bank after running aground almost a week ago near Germany's largest port of Hamburg, German authorities said on Tuesday. The vessel CSCL Indian Ocean of Chinese company China Shipping Container Lines was pulled free by tugs


Maher Named Ship Repair GM at ASRY

 Charles Maher is the new Ship Repair General Manager (GM) at ASRY, bringin 15 years of experience with top firms including Dormac, Grand Bahamas Shipyards, and Southern African Shipyards.

ASRY appointed Charles Maher as the new General Manager (GM) of the Ship Repair division, effective January 4, 2016. Maher brings more than 15 years worth of corporate and hands-on technical shipyard experience at Dormac Marine & Engineering, Grand Bahamas Shipyard


Icebergs Turn Oceans Greener

Photo: University of Sheffield

 Icebergs the size of Singapore could be playing a bigger role in how much carbon the Southern Ocean absorbs than previously thought, a new study says.    Icebergs that break off Antarctica could account for twice as much carbon dioxide stored in the Southern Ocean than previously


Ince & Co Advises Fugro on Vessels Sale

International law firm Ince & Co has announced that it has advised Fugro on a sale and lease back agreement with ICON Investments regarding two of its geotechnical drill ships Fugro Scout and Fugro Voyager. ICON financed the acquisition of the vessels by loan facilities from a syndicate of


UASC's 18,000 TEU Al Zubara Transits Suez Canal

Photo: UASC

United Arab Shipping Company (UASC) and Ahli United Bank, Egypt marked the passing of 18,800 TEU Vessel M.V. Al Zubara ultra-large container vessel through the new Suez Canal this week. The event is one of the first in a series of activities being organized by UASC to celebrate 40 years in


USCG Helps Release 130 Sea Turtles

Turtles being Released Photo USCG

  The Coast Guard assisted with the release of 130 sea turtles Thursday into Gulf Stream waters off the Outer Banks. The crew of the Coast Guard Cutter Cushing, along with their family members, assisted North Carolina Wildlife Resources Commission personnel in releasing the sea turtles


3 Divers Rescued near Penguin Bank, Molokai

Rescued Divers Photo USCG

The Coast Guard rescued three missing divers near Penguin Bank, Molokai, Monday. "The Coast Guard advises all divers to have a dive buoy, signaling device, and reflective equipment,” said Lt. Kevin Edes, command center chief at Sector Honolulu


Insurer Caution to Slow Oil Tanker Market's Return to Iran

Foreign oil tanker owners are expected to make a slow return to Iran despite the lifting of many sanctions as insurers tread carefully, leaving shipping players unwilling to pick up cargoes as quickly as Tehran has wanted.   A nuclear deal between world powers - known as the P5+1 - and


ICTSI Wins “Best Corporate Bond” Award

Rafael D. Consing Jr., ICTSI Senior Vice President and Chief Financial Officer, accepted the award Photo ICTSI

International Container Terminal Services, Inc.’s (ICTSI) US$450 million perpetual capital securities issue was recently recognized as the Philippines’ best corporate bond at the The Asset Triple A Country Awards 2015.  ICTSI issued last August the well-structured perpetual


Fredriksen forms ship broker with Arctic Securities

Norwegian-born billionaire John Fredriksen has teamed up with investment bank Arctic Securities to form a ship broking company aimed at taking on bigger rivals and betting on a recovery in the global shipping market. Many segments of the shipping industry, including dry bulk commodities


Oil Rises Towards $31 on Hopes of Deal

Oil rose on Tuesday to above $31 a barrel on hopes that OPEC and non-OPEC producers were inching closer to a deal to reduce output in the face of one of the biggest supply gluts in decades.   The Organization of the Petroleum Exporting Countries is making renewed calls for rival producers


San Jacinto Maritime Technology and Training Center Now Open

Photo courtesy of The San Jacinto College

The San Jacinto College Maritime Technology and Training Center on the Maritime Campus is now open for maritime training along the Port of Houston.   Located at 3700 Old State Highway 146 in La Porte, Texas, the 45,000-square-foot Maritime Technology and Training Center sits 14 feet above






 
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