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U.S. Navy ROTC Midshipmen Train at MSI-San Diego

MarineSafety International (MSI) is proud to be part of the U.S. Navy ROTC midshipmen summer training program, Coordinated Midshipmen Training (CORTRAMID). These young "Middies", coming from colleges and universities throughout the nation, usually participate in their first "hands on" shiphandling experience in the MSI ship handling simulators while attending their summer training. During these sessions with the MSI professional staff, the midshipmen get their first look at the exciting challenges and responsibilities awaiting them as watch officers in the U.S. Navy's modern warships.


Wärtsilä Acquires L-3 Marine Systems International

Wärtsilä Corporation is to acquire L-3 Marine Systems International from NYSE-listed L-3 Communications Holdings Inc. L-3 Marine Systems International (L-3 MSI) is a business sector within L-3’s Electronic Systems business segment primarily focused on the commercial ship industry. The transaction is valued at MEUR 285 (enterprise value), subject to customary adjustments including an estimated reduction of MEUR 60 for L-3 MSI employee pension-related liabilities to be assumed by


Marine Systems Inc., ZF Marine Support Inland Waterway Business

Photo: ZF Marine

ZF Marine announced a new partnership with Marine Systems Inc. (MSI) will be responsible for sales and service support of ZF Marine commercial craft products to the inland waterway region. David Santos, commercial craft product line manager for ZF Marine Propulsion Systems Miramar, LLC., said, “MSI’s central location in Paducah, KY puts it right in the heart of the Inland Waterways, making it a convenient product support point for our commercial craft customers in the region


MRM Facilitator Training Concludes in Manila

Photo: ALL Academy

A successful Maritime Resource Management (MRM) Facilitator training event concluded today in Makati City, Manila, Philippines as 22 participants from China, Germany, Indonesia, Philippines and Singapore had gathered for the two-day event held at the European Training & Competence Center (ETCC) Inc. to be trained and certified as MRM Facilitators. Martin Hernqvist of ALL Academy, trainer at the event, said the event was a success thanks to the active participation from the attendees


L-3 SAM Electronics Promotes Managing Directors

From Left to Right: Armin Groth, Carsten Sippel, Maik Stoevhase

L-3 Marine Systems International (L-3 MSI) announced today the promotion of Armin Groth and Maik Stoevhase to managing directors of its L-3 SAM Electronics business. As managing directors, Groth and Stoevhase report to Ulrich Weinreuter, president of L-3 MSI. Having worked in the maritime industry for more than 24 years, Groth joined L-3 SAM Electronics in 2006 as managing director of its STN Schiffselektrik subsidiary before he took over SAM’s Integrated Systems business in 2009


Tanker Market: ‘New Normal’ Drives Downbeat Summer Sentiment

Antigone (Photo: Euronav)

The tanker market is forecast to see challenging conditions with technical and structural factors impacting earnings, according to independent research and consultancy firm Maritime Strategies International (MSI).   In its latest Tanker Freight Forecaster, MSI dismisses claims that current conditions in the bellwether VLCC freight market are entirely due to seasonality. Instead, MSI says dynamics reflect lower rates of crude import growth across the year combined with reduced


Northrop Grumman Newport News Wins $6M Contract

Northrop Grumman Newport News, Newport News, Va., is being awarded a $6m cost-plus-fixed-fee modification under previously awarded contract to exercise an option for FY 08 advance Extended Drydocking Selected Restricted Availability (EDSRA) planning for USS Enterprise (CVN 65). Work will be performed in Newport News, Va., and is expected to be completed by February 2008. Contract funds will expire at the end of the current fiscal year


Newport News Shipbuilding Notified of Department of Defense Recommendation

Newport News Shipbuilding was notified by the Department of Defense (DOD) of its decision to recommend to the Department of Justice (DOJ) approval of the Northrop Grumman offer to acquire Newport News Shipbuilding and its decision to recommend not approving the merger agreement between Newport News Shipbuilding and General Dynamics. Newport News Shipbuilding was also notified that the DOJ has commenced legal proceedings to prevent the proposed merger between NNS and GD.


Maritime Fuel of the Future: Training to an Uncertain Standard

LNG Pit fire.jpg

Despite its unquestionable allure, LNG as a fuel carries with it as many risks as it does answers to the problems it promises to solve. As industry and OEM’s work to remove any doubt, the collaborative effort outpaces the slow-moving regulatory machine. Even as Lloyds Register predicts that LNG will reach a maximum 11% share of marine propulsion solutions in 2030, it also says that segments with higher proportion of small ships will see the highest LNG uptake


Newport International Boat Show Annouces NFNP Winners

Newport International Boat Show Annouces NFNP Winners

  Newport Exhibition Group, owners and producers of the Newport International Boat Show, announced today the results of this year’s Newport For New ProductsTM (NFNP) Awards. Judged on Thursday during the opening day of the Newport International Boat Show and announced at an awards ceremony on Friday, the tenth-annual NFNP winners are: Best New Navigation Product - Dockwa Marine Reservation App Best New Boating Operation


Shipbuilder HII Declares Quarterly Dividend

Columbia Class Courtesy Huntington Ingalls Industries

 Huntington Ingalls Industries announced today that its Board of Directors has declared a quarterly cash dividend of $0.60 per share, payable on March 10, 2017, to shareholders of record as of the close of business on March 3, 2017. Huntington Ingalls Industries is America’s largest


MSI: OPEC’s cut is deepest for VLCC, Suezmax markets

 Maritime Strategies International (MSI), a leading independent research and consultancy has forecast a testing time for the crude tanker market over the next six months – and perhaps longer if OPEC is successful in extending production cuts beyond the first half of 2017.


Rep. Granger Visits Newport News Shipbuilding

Rep. Kay Granger, R-Texas, visited Newport News Shipbuilding on Thursday. Granger serves as chairwoman of the House Appropriations Committee’s Defense Subcommittee. (Photo: John Whalen/HII)

Huntington Ingalls Industries (HII) hosted Rep. Kay Granger, R-Texas, on February 23 for a tour of the company’s Newport News Shipbuilding division.   Newport News Shipbuilding President Matt Mulherin accompanied the congresswoman on the shipyard tour


HII Graduates 184 Shipbuilders from Apprentice School

Rear Adm. Mat Winter, the U.S. Navy’s deputy program executive officer for the F-35 Lightning II, gave the commencement address at The Apprentice School graduation. Photo by John Whalen.

Huntington Ingalls Industries (HII) hosted commencement exercises on Saturday for 184 graduates of the company’s Apprentice School located at Newport News Shipbuilding. The ceremony was held at Liberty Baptist Church Worship Center in Hampton.


‘Frothy’ Capesize Sector Threatens New Year Hangover for Dry Bulk

Photo: BSM

Maritime Strategies International (MSI) is forecasting a firm festive season for the dry bulk market, swiftly followed by a New Year comedown.   In its latest Dry Bulk Freight Forecaster* MSI notes that after a steady fall in average daily TCE spot earnings in October


HII Acquires Camber Corp

Andy Green Photo HII

Huntington Ingalls Industries (NYSE:HII) announced today that it has completed its previously announced acquisition of Camber Corporation and formed a new operating division, HII Technical Solutions. The new division will be led by Andy Green


Ten Appointments to Australian Naval Shipbuilding Advisory Board

Christopher Pyne Photo Pyne Website

The Minister for Defence Industry, the Hon Christopher Pyne MP, today announced the appointment of 10 Board Members to the Naval Shipbuilding Advisory Board, chaired by Professor Donald Winter. “The establishment of the Advisory Board is an important milestone in the Government’s naval


Diana Shipping Grants Lower Price for Bulker Duo

Diana Shipping Agrees Lower Price for Bulker Duo

Diana Shipping Inc. Announces a Reduction of the Contract Price to the Shipbuilding Contracts of Two Newbuildings; Time Charter Contracts for m/v Newport News with SwissMarine and for m/v Leto and m/v Naias with Glencore Diana Shipping Inc


How Will OPEC’s Cuts Affect Tanker Markets?

© Evren Kalinbacak / Adobe Stock

After a year of tumultuous political and policy upheaval, both oil and tanker markets are undergoing a process of rebalancing.   The fourth quarter of 2016 is capping what has been a mixed 12 months for the tanker markets. The agreement by OPEC members and non-members alike to cut


Levenson Appointed Director, Great Lakes

 The Board of Directors of Great Lakes Dredge & Dock Corporation the largest provider of dredging services in the United States and a major provider of environmental and remediation services, announced today that Ryan Levenson has been appointed to the Board of Directors


DP World increases Stake in Pusan Newport

DP World has acquired an additional 23.94% stake in Pusan Newport Company Limited (PNC) in South Korea from Samsung Corporation & Subsidiaries. This increases DP World’s holding in PNC to 66.03%, and the terms of the transaction are undisclosed.  


Newcastlemax Duo Joins Diana Shipping’s Fleet

M/v San Francisco. Photo: Diana Shipping Inc

 Diana Shipping has taken delivery of the m/v San Francisco (formerly Hull No. H2548)  and the m/v Newport News (formerly Hull No. H2549), two new building Newcastlemax dry bulk vessels that were contracted in May 2013.   The m/v San Francisco has been time chartered to Koch


How to Reduce Risk When Selecting a Ballast Water Management System

Image: MSI/ABB

It seems like a lifetime coming, but the IMO International Convention for the Control and Management of Ships' Ballast Water and Sediments (BWM) has been approved and will enter into force on September 8, 2017. Deemed as an environmental necessity


Dry Bulk: Less Pain, Not Much Gain

© Volodymyr Kyrylyuk/ Adobe Stock

The dry bulk market’s strong end to 2016 is unlikely to last long into 2017, according to the latest research from Maritime Strategies International. In its latest quarterly dry bulk market report*, MSI predicts a depressed year for rates in 2017, a year marked by multiple risks to recovery


Superlift: Ford Class Aircraft Carrier Taking Shape

On January 17, Newport News shipbuilders lifted a 704-metric-ton unit into Dry Dock 12, where the aircraft carrier John F. Kennedy (CVN 79) is taking shape. (Photo by Chris Oxley/HII)

Huntington Ingalls Industries’ (HII) Newport News Shipbuilding division lifted a 704-metric ton unit into Dry Dock 12, where the aircraft carrier John F. Kennedy (CVN 79) is taking shape. The superlift is part of an improved build strategy implemented on the second ship of the Gerald R






 
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