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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


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


Superlift on Aircraft Carrier John F. Kennedy (CVN 79)

Construction of the nuclear-powered aircraft carrier John F. Kennedy

Huntington Ingalls Industries (NYSE:HII) announced today that its Newport News Shipbuilding division placed a 900-ton superlift into dry dock, continuing construction of the nuclear-powered aircraft carrier John F. Kennedy (CVN 79). As Kennedy begins to take shape in the dry dock


Newport International Boat Show Announces Edson Awards

Logo

Newport Exhibition Group, owners and producers of the Newport International Boat Show,announced today the results of this year’s Edson Awards for Excellence in Portraying Company Image. Presented by Will Keene, chairman of Edson International


Inland Marine Service Appoints New Leadership

Kristina Luna (Photo: IMS)

Four corporate professionals have recently joined Inland Marine Service (IMS), announced Dave Hammond, President of Inland Marine Service.   The new hires are Kristina Luna, HR Manager; Moses Garza, Tankerman Supervisor; Caleb King, Manager SHEQ/Compliance Director; and Brian Howell


Newport News Names Cullen VP of Nuclear Propulsion

Mary Cullen (Photo: HII)

Mary Cullen has been appointed vice president of nuclear propulsion at Huntington Ingalls Industries’ (HII) Newport News Shipbuilding division. Cullen will assume her new role on November 14 following a transition into the job with the help of Barry Fletcher


Man Rescued Off Rhode Island Coast

Photo source: USCG PR

The Coast Guard and Jamestown Police Department rescued a 60-year-old man Sunday off Fort Wetherill, Rhode Island after he fell off his sailboat. At approximately 12:20 a.m., Coast Guard Station Castle Hill received a call from Jamestown Police reporting a man in the water who had been clinging


Charter Owners, Operators Confront Container Market’s ‘Great Divergence’

Photo: Hapag-Lloyd

The latest Container Shipping Forecaster from Maritime Strategies International highlights the contrasting fortunes of liner operators and tonnage providers.   The entire container shipping industry remains under significant pressure. Whilst freight rates have improved marginally from the


Shipping Recovery Faces Supply/Demand Challenges

Photo: Maersk Line

The shipping industry faces a stormy road to recovery, with uneven supply/demand trends set to test the nerve of investors and operators, according to independent research and consultancy firm Maritime Strategies International (MSI). Addressing the Hansa Forum in Hamburg, Germany this week


‘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






 
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