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New Business

Finnegan Joins Drew Marine As Manager

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.


OSI Wins Navy Deal

Offshore Systems International Ltd. has won $400,000 in new orders for components to install electronic chart navigation systems in the Royal Australian Navy's Collins class submarine fleet. This brings the total value of business for the Australian submarine fleet to $1 million. Earlier this month, OSI announced a $600,000 contract for other specialized components for the Collins submarines. "The $1 million in new business this month with the Royal Australian Navy


London Club increases tonnage

The London P&I Club took on about a million gross tons of new business at renewal on February 20 this year, bringing its total entry to thirty million gross tons. In all, over the course of the 12 months leading up to renewal, the Club has grown by more than two million gt. In addition, it currently has newbuildings entered for Freight, Demurrage & Defence risks amounting to 2.3m gross tons. Additions included five vessels from Worldwide Shipping, five from Tomasos Bros


New Business for Marine Inland Fabricators

Marine Inland Fabricators, Panama City, Fla., has a full yard of new business. The company recently built the fourth Clydesdale pushboat for Smith Brothers, Inc., two of which were sold before they were even completed. Additionally, seven sectional barges were shipped to Vallejo, Calif., for set construction of a Batman and Robin water show. Four more sectionals are being built for a 100 x 24 ft. floating dock at the American Yacht Club, in Rye, N.Y.


Aveva: Navies Can Reduce Project Cost, Risk and Timescales

Photo: Aveva

New business paper describes how technology offers proven collaboration capabilities that benefit all parties in warship procurement projects Aveva today announced its publication of a new business paper, “Taking Command: How Aveva technology can increase capabilities in naval fleet management.” In this paper, Aveva examines six ways that navies can exploit technologies used in other sectors, such as the offshore industry


Rand Adds New Business for 2014

Kaministiqua (Photo: Rand Logistics)

Rand Logistics, Inc. announced that it has secured additional new long-term contractual business for the 2014 sailing season, totaling in excess of 250 sailing days. These contracts, a combination of new business, market share gains and organic market growth, are expected to help rebalance the company's 2014 sailing season commodity mix to levels more consistent with prior years and improve existing fleet operating efficiencies.


Northrop Creates Jobs in Newport News

According to a March 10 report from the Daily Press, among other new business investments in the city of Newport News, VA, Northrop Grumman Shipbuilding is involved in a collaboration to invest $363m, generating 540 new jobs. (Source: Daily Press)


US Shipbuilder Holds Course in 2012

Conrad Industries announces its 2012 financial results and also the addition of new business during Q1 2013. For the quarter ended December 31, 2012, Conrad had net income of $8.0 million and earnings per diluted share of $1.33 compared to net income of $6.8 million and earnings per diluted share of $1.09 during the fourth quarter of 2011. The Company had net income of $20.8 million and earnings per diluted share of $3


New CEO at Dana Gas

Patrick Allman-Ward

Dana Gas PJSC, a publicly-listed natural gas company in the Middle East, has announced the appointment of Patrick Allman-Ward as the new Group CEO for the company with effect from September 1, 2013. The company, which is listed on the Abu Dhabi Exchange (ADX) and recently announced the successful refinancing of its $1 billion sukuk, conducted an extensive executive search process after the retirement last year of its CEO, Ahmed Al-Arbeed, who remains a Member of the Board.


Rand Acquires Tanker for Conversion

Rand Logistics, Inc. has announced the acquisition of a Danish flagged chemical tanker that will be converted to a Canadian flagged river class self-unloader vessel. The new vessel will support recent new long-term contract awards which begin in April 2015. The acquisition and conversion of this vessel is consistent with Rand's strategy of remaining the leader in both the U.S. and Canadian river class markets on the Great Lakes and reaffirms the company's commitment to support the growth of


NCS Survey Hires Goldsworthy

Simon Goldsworthy

NCS Survey, an Acteon company, has appointed Simon Goldsworthy as business development manager in its Aberdeen office. Goldsworthy will be responsible for building relationships with existing and potential clients and growing NCS Survey’s presence in the offshore industry globally


GPA Reports Record Monthly Tonnage

Photo courtesy of Georgia Port

The Georgia Ports Authority achieved its highest month on record in March, moving 2.61 million tons of cargo – a 15.5 percent increase over the same month a year ago. The 349,682-ton increase was powered largely by double-digit container growth


ISS Network Expands to Venezuela

Photo courtesy of ISS

Inchcape Shipping Services (ISS) has expanded its network in Central and South America with the opening of ISS Venezuela in Puerto La Cruz. Port Manager, Aldo M. Limongelli, who brings 38 years of experience in maritime operations such as chartering, bunkering, stevedoring, transportation


Inchcape Shipping Services Opens in Venezuela

Port Manager Aldo M. Limongelli will head up the new office of ISS   Venezuela in Puerto La Cruz.

Inchcape Shipping Services (ISS), the world’s leading maritime services provider, has expanded its network in Central and South America with the opening of ISS Venezuela in Puerto La Cruz, to satisfy strong customer demand. Port Manager, Aldo M


MHI, OMT Enter Shipbuilding Collaboration

Mitsubishi Heavy Industries, Ltd. (MHI) has entered into an agreement with Odense Maritime Technology A/S (OMT) of Denmark, a provider of ship design services, on collaboration in ship engineering business. The companies said they plan to combine abundant track records in shipbuilding business to


SMM Conference Returns to Istanbul

SMM Istanbul will open its gates on February 26, welcoming its exhibitors and industry visitors with an entirely new concept. SMM Istanbul The countdown is on; On February 26 and 27, Istanbul will be the global shipping industry's center of attention as SMM Istanbul


Khalifa Port Receives New STS Cranes

Crane arrival Khalifa Port: Photo courtesy of ADT

Abu Dhabi Terminals (ADT), the manager and operator of Khalifa port container terminal informs that the terminal has received a new batch of 3 of the world’s largest and most modern ship-to-shore (STS) quay cranes. The Super Post Panamax quay cranes were produced by Shanghai Zhenhua Heavy


UK P&I Club Announces Positive Renewal

The UK P&I Club, one of the oldest shipping protection and indemnity mutual insurers, announced its renewal for 2014 following the closure of the renewal season on February 20: Another positive result with a net increase of a million gross tons of mutual business


Valve Train Halves Idle to Full Load Time

ABBTC_VCM_1304_012 web.jpg

One of the  new tools that engine builders are using these days to reduce fuel consumption and greenhouse gas emissions is Valve Control Management (VCM), ABB’s variable valve train system, more so since duel-fuel engines become an increasingly popular choice by shipowners.


American Club Reports Strong Renewal

The American Club, the only mutual protection and indemnity insurer domiciled in the Americas, has  revealed very positive overall results for the February 20 renewal season.   Tonnage entered for owners’ P&I risks increased by over 11% year-on-year as at February 20


Huntington Ingalls Industries 2013 Revenues Increased

HII logo

Huntington Ingalls Industries reports Fourth Quarter & Year 2013 financial results with increased revenues in each period. Highlights are as follows:     •    Revenues were $1.94 billion for the fourth quarter and $6.82 billion for 2013


BP to Separate U.S. Shale Assets into New Business

British oil company said it planned to separate its onshore U.S. oil and gas assets, including its shale resources, into a different business which it would own but which would be managed by a different team. "This move is expected to help unlock the significant value associated with BP's


Ingalls Shipbuilding Appoint Mike Lipski VP Business Development

Mike Lipski: Photo credit HII

Huntington Ingalls Industries' Ingalls Shipbuilding division inform that Mike Lipski will be the company's vice president of business development, effective April 1, 2014. HII explain that Lipski will be responsible for coordinating capture team efforts for new contracts and managing all


PMM Dips Into Chemical Ship Management Sector

Principal Maritime Management LLC (PMM) of Southport, Connecticut, a shipping company owned by affiliates of Apollo Global Management LLC, informs of its new business in the stainless steel chemical shipping sector, through Princimar tankship acquisitions.


Conrad Industries 2013 Profit Slip Ameliorated by New Business

Image courtesy of Conrad Industries

Morgan City, Louisiana, shipbuilder and ship repairer Conrad Industries, has announced its fourth quarter and twelve months 2013 financial result, adding that it has acquired new business during the first quarter of 2014 totalling $67.3 million. Q4 2013


 
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