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Marines

Sumitomo And Mitsui Finalize Merger Conditions

Sumitomo Marine & Fire Insurance Co. and Mitsui Marine & Fire Insurance Co. on Tuesday announced terms under which they will merge next October, creating Japan's largest non-life insurer with assets of 5.7 trillion yen ($51.6 billion). In a joint statement, the companies said 1.09 Mitsui Marine shares will be allocated for one Sumitomo Marine share. The merged entity will be named Mitsui Sumitomo Insurance Co. with Mitsui Marine president Takeo Iguchi and Sumitomo Marine president Hiroyuki Uemura serving as co-chief executive officers. Mitsui Marine, currently Japan's third-largest casualty insurer, and fourth-ranked Sumitomo Marine agreed to merge in March. The merged entity will surpass is size current Japanese casualty insurance industry leader Tokyo Marine & Fire Insurance, which has assets of 5.37 trillion yen. Sumitomo Marine's shares on Tuesday closed down 18 yen or 2.44 percent at 721, and Mitsui Marine's closed down eight yen or 1.22 percent at 646. The merger terms were announced after the close of trading.


MN 100: Donjon Marine Co., Inc.

J. Arnold Witte, Sr. (Headshot).jpg

100 Central Avenue Hillside, New Jersey 07205 Tel: (908) 964-8812  Email: info@donjon.com Website: www.donjon.com President & CEO: J. Arnold Witte The Company: Donjon Marine Co., Inc. offers the marine community full-service solutions to meet every need in the field of marine salvage, dredging, material recycling and related services. Founded in 1964, Donjon Marine’s principal business activities were marine salvage, marine transportation, and related services


ZF Marine Named Supplier of the Year

Mercury award.jpg

ZF Marine has been chosen as one of Mercury Marine’s suppliers of the year. Each year Mercury Marine evaluates over 1,500 suppliers, and selects only 12 to receive this award.  AJ Halavacs, Pleasure Craft Segment Manager, and John Shea, Account Manager, both from ZF Marine were on hand to receive the award from Mercury Marine.  It was presented last month at the Mercury Marine Supplier Conference in Sarasota. Fla


PFI Marine Electric in Dutch Harbor Year Round

Pacific Fishermen Shipyard and Electric, LLC (PFI Marine Electric) announced that it will now be providing year round marine electrical services in Dutch Harbor, Alaska, as well as the Puget Sound area, maintaining marine electricians on site 24/7. Seattle’s PFI Marine Electric shares facilities with Dutch Harbor’s Lunde Marine Electronics to provide marine electrical services in Alaska along with Lunde Marine’s electronic services


Drew Marine Acquires Chemring Marine

Affiliates of Drew Marine (“Drew Marine”) have reached a definitive agreement with Chemring Group PLC (“Chemring”) to acquire Chemring’s maritime interests (“Chemring Marine” or the “Company”) for a cash consideration of £32 million, subject to standard closing adjustments.  Under Drew Marine’s ownership, the business will be named Drew Marine Signal and Safety (“DMSS”).   


IMUA Names Award-winning Marine Underwriter

Gina Domitrovich, AMIM, Senior Marine Underwriter, AIG Global Marine & Energy, is the first recipient of the new American Marine Claims Award, by Inland Marine Underwriters Association’s (IMUA). The award presentation was made closing ceremonies during IMUA"s 83rd Annual Meeting held in Buckhead, Atlanta, GA. As the winner of the American Marine Claims Award, Ms. Domitrovich will receive a $2,000 cash award and a stipend towards attendance at the International Marine Claims


Cummins,CitiCapital Launch Alliance for Finance

Cummins Inc. and CitiCapital have reached an agreement to promote a co-sponsored marine finance program. Under the agreement customers who purchase Cummins engines for various commercial vessels will receive exclusive finance products provided by CitiCapital. This agreement demonstrates the cooperative efforts of both companies by bringing together the premier manufacturer of marine engines and the world's largest financial services conglomerate. The agreement will initially cover the U.S


Jurong Shipyard Chooses AVEVA Marine

AVEVA Group plc (LSE:AVV), providers of engineering design and information management solutions for the plant, power and marine industries, announced that Jurong Shipyard, a subsidiary of Sembcorp Marine has selected AVEVA Marine (12 Series) as their engineering and design solution for major marine and offshore projects. Jurong Shipyard has a long standing relationship with AVEVA. AVEVA Marine (12 Series), is the most modern offering of AVEVA’s marine solutions and has the ability


Orion Marine Wins Caribbean Offshore Mooring Contract

Orion Marine Group, Inc. headquartered in Houston, Texas, announce award of a contract which is worth approximately US$14-million. The contract is for the design and construction of offshore mooring facilities for a liquids terminal in the Caribbean. The project is expected to commence in the 4th quarter and to last approximately 12 months. Orion Marine Group, Inc. provides a broad range of marine construction and specialty services on, over and under the water along the Gulf Coast


Reflex Marine Launches Service Center

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Reflex Marine, producer of the industry-leading Frog and Toro personnel carriers and expert in marine personnel transfer, continues to expand its global network of Accredited Service Centres (ASCs) with the launch of its latest Center in Canada. Nord Marine Services Ltd, a supplier of marine safety equipment, has been appointed to operate the new Accredited Service Center in Mount Pearl, Newfoundland.  As a result Canadian operators will be able to access local maintenance


Oil-coated Pelicans Being cleaned at Rehab Center

Oil soaked bird Photo Greenpeace

  Several petroleum-stained pelicans rescued from the blackened muck of California's latest oil spill spent the day on Friday being gently, painstakingly scrubbed clean at a wildlife rehabilitation center in Los Angeles. The six pelicans brought this week to the Los Angeles Oiled Bird


Huawei Bags MCT Submarine Cable Contract

Map by Huawei Marine

 Huawei Marine has signed a system design and construction agreement with a consortium comprising Telekom Malaysia Berhad, Symphony Communication and Telcotech to build the Malaysia-Cambodia-Thailand (MCT) submarine cable system.  


Wärtsilä's' Propulsion for Use with US Compliant ELA

The first vessels to be fitted with Wärtsiläs VGP-2013 compliant propulsion package are four BigRoll MC Class module carriers currently under construction at the COSCO shipyard in Dalian, China. Image courtesy of RollDock

  Wärtsilä has developed propulsion systems that are capable of operating with Environmentally Acceptable Lubricants (EALs) and comply with the US Vessel General Permit 2013 (VGP-2013). Wärtsilä is among the first marine propulsion solutions suppliers to achieve this


Shanghai Shipyard Won Bid for Two Survey Vessels

A Seismic Survey Vessel. Pic by China Oilfield Services Limited

 Shanghai Shipyard has won bids to build two multipurpose survey vessels for two geological survey institutes. The shipyard is an affiliate of China State Shipbuilding Corporation (CSSC).   Qingdao Marine Geological Survey Institute and Guangzhou Marine Geological Survey Institute have


Marsh to Take Over as Lloyd’s Register CEO

Alastair Marsh (Photo: LR)

Alastair Marsh, current CFO at the Lloyd’s Register Group Ltd. (LR), has been appointed as the successor to CEO Richard Sadler who has decided to step down at the end of 2015.   Sadler will pass the CEO role to Marsh on October 1


USACE Soo Lock Bulkheads Delivered

Photo: Moran Iron Works

Moran Iron Works, Inc. (MIW) was contracted to fabricate, galvanize and deliver two bulkheads for the U.S. Army Corps of Engineers (USACE), Detroit District for installation in the Soo Lock Complex located in Sault Sainte Marine, Michigan.   


Dolphin die-off Spurred by BP Oil Spill

Dolphins are seen swimming through the oil spilling from the Deepwater Horizon oil well at the height of the spill in 2010. (Credit:NOAA)

A record dolphin die-off in the northern Gulf of Mexico was caused by the largest oil spill in U.S. history, researchers said on Wednesday, citing a new study that found many of the dolphins died with rare lesions linked to petroleum exposure.  


Danelec to Lead Working Group in EU’s EfficienSea2

Danish marine electronics company Danelec Marine informs it will oversee a working group in the European Union (EU) EfficienSea2 maritime innovation project designed to increase safety of navigation and efficiency at sea.    The EU this month approved and set aside $11 million to fund


Dynamic Positioning Training Center Launched in Shanghai

Shanghai Opening (Photo: C-Mar)

C-MAR, an international marine and offshore services provider, and the Shanghai Maritime University (SMU) has officially launched the Dynamic Positioning training facility (DPC-SMU) at a special ceremony in Shanghai. In the first joint venture of its kind


Electric & Hybrid Propulsion Ordered fir CMAL Ferry

The keel of the third hybrid ferry at Ferguson Marine Engineering (Photo: CMAL)

Imtech Marine informs it has been awarded a third contract to supply the electric and hybrid propulsion system for a hybrid ferry operated by Caledonian Maritime Assets Ltd (CMAL) of Scotland.   Ferguson Marine, the Glasgow-based yard which built the first two CMAL diesel electric


New Flag Program Honors US Merchant Marines

Image: MARAD

The U.S. Department of Transportation’s Maritime Administration (MARAD) announced the launch of the United States Merchant Marine Flag Program, which will provide U.S. Merchant Marine Flags for display nationwide, honoring the historic and continuing contributions of U.S


IMO Adopts Polar Code Environmental Provisions

IMO has taken the very last step towards making the consolidated Polar Code internationally binding

  United Nations' International Maritime Organization (IMO) has adopted the environmental part of the Polar Code. Hereby, internationally binding regulations on navigation in polar waters become effective from 1 January 2017. The IMO has taken the very last step towards making the


MPC Honors Crowley for Tank Vessel Safety

Photo: Crowley

Crowley Maritime Corporation’s petroleum services division has once again been honored by Marathon Petroleum Company (MPC) with its annual Elite Vessel Award, which is given to tank vessel operators who demonstrate commitment to safety, environmental stewardship and operational excellence.


DMW Marine Takes the Lead in Military Cranes

Photo courtesy of DMW Marine Group

DMW Marine Group, LLC. has completed a number of projects for the U.S. Navy and foreign Navies in recent years, claiming a place as a go-to supplier for Navy departments globally.   Notable projects as listed by DMW include a personnel handling 500 tonne meter knuckleboom crane


US Funding for Air Emissions/Alternative Energy Projects

The U.S. Maritime Administration (MARAD) announced that up to $1.3 million in Federal funding is now available through cooperative agreements for projects supporting vessel emissions reductions and alternative energy.   The funding is being made available under two separate requests for






 
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