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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


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.


Rolls-Royce Merges 2 Subsidiaries for Better Engine Life Management

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  Rolls-Royce today announced the merger of two wholly owned subsidiaries, Aero Engine Controls (AEC) and Optimized Systems and Solutions (OSyS), to form a new business, Controls and Data Services (CDS), which will continue to operate as part of the Rolls-Royce Group. The new business will bring together equipment sensors, controls and monitoring systems with performance analysis and health management services, delivering greater asset intelligence at a faster pace.


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.


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)


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


Dun & Bradstreet is First SBFE Certified Vendor

Small Business Financial Exchange

 Dun & Bradstreet, the world's most trusted source of commercial data and insight, today became the first certified vendor of the Small Business Financial Exchange, Inc.'s wholly owned subsidiary SBFE, LLC. As an SBFE Certified Vendor™


Golar LNG Secures Charters for Carrier Duo

Golar Arctic

  Golar LNG announced today that it has been awarded 2 time charters by Nigeria LNG Ltd ("NLNG") to employ the recently delivered Golar Frost and Golar Crystal. Employment of both vessels under these contracts will commence in January 2015 and will continue for a duration of


Greencarrier Freight Services Achieves ISO Standards

Georg Skivik Moltu (Photo courtesy: Greencarrier Freight Services)

Greencarrier Freight Services’ business has strengthened its position in the energy and project forwarding markets by achieving management (ISO 9001) and environmental (ISO 14001) certification for its Energy & Project Business Unit.


Canadian Pacific Hires Marsh as Sales VP

Picture Courtesy: Canadian Pacific Railway

The appointment of Tim Marsh as senior vice president sales and marketing by Canadian Pacific Railway Ltd is aimed at bolstering its battered intermodal business, says a report from Globe and Mail. Marsh, who brings 25 years of international shipping industry sales and marketing experience


CTruk Sets Plans for Expansion

Image courtesy of CTruk

More than 120 new jobs in the cards if Advanced Composite Technology Center project receives grant funding support CTruk signed the lease on a 6,400m² site on the Colne Estuary, a few miles upriver from its current Brightlingsea base


Maritime Guns For Hire Adapt to Changes in Sea Piracy

Somali pirate attacks down by 95 pct since 2011 -Maritime bureau. Cash-strapped maritime security firms are being forced to use fewer costly elite guards and to diversify into other businesses such as cyber security, as a steep decline in Somali pirate attacks and hotter competition erode


Year of Grain and Steel Boosts Seaway Season

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With just one month left of the season, St. Lawrence Seaway cargo shipments are expected to finish ahead of 2013 after a remarkable year of grain exports and steel imports. According to the St. Lawrence Seaway, total cargo shipments reached 34


CTruk Unveils Expansion Plans

Photo: CTruk

Bigger boats for offshore wind and much more as company looks to sustainable growth   CTruk held an informal launch event at its new Colne Estuary site on The Hythe, East Colchester yesterday, sharing its plans for expansion to guests and staff.  


Liebherr Opens New Office in Peru

The new Liebherr office in Lima

  With more than 100 attendees Liebherr celebrated the inauguration of the new office in Lima City, Peru. The new office will play a significant role in the South American Market for mining and construction machinery. During the ceremony


Hempel Acquires Schaepman

Hempel has acquired Schaepman’s Lakfabrieken B.V, a Dutch supplier of specialized industrial, protective and decorative coatings. The acquisition is part of Hempel’s five-year growth strategy. Terms of the sale are undisclosed.  


ThyssenKrupp Sells Emden Shipyard

ThyssenKrupp and Seafort Advisors GmbH have entered into an agreement on the sale of the Emder Werft und Dockbetriebe shipyard in Emden. ThyssenKrupp began looking into alternative strategic options for the company at the end of 2013 as part of the group's strategic way forward


APM & NYK Plan RoRo facility at Pipavav

  APM Terminals operated Gujarat Pipavav Port Ltd (APM Terminals Pipavav) and NYK Auto Logistics (India) today announced setting up of a dedicated automobile yard (RoRo) at Pipavav Port.   Under the arrangement, NYK Auto Logistics (India) Pvt. Ltd


Air Products: Pioneering Gas Processing Solutions

APAS delivered the nitrogen generator for Prelude – the world’s largest floating LNG plant anchored 200 kilometers off of the coast of Australia. “The scope of this project was huge – larger than any system that had been delivered.”  Tom Cantero Managing Director

As the first company to commercialize hollow fiber membranes for air separation onboard ships, Air Products AS, Norway (APAS) is a true pioneer. Managing Director Tom Cantero discusses  his company’s technology, developments and outlook.


Floating Production: What’s New in January?

Photo: Petrobras

  2014 Floater Orders – We thought it would be useful to provide a summary of floater orders placed last year. As listed below, 25 units were ordered during the year - 10 FPSOs, one Barge, four FLNGs, seven FSRUs and three FSOs.    FPSOs (10) • Kaombo CLM


General Dynamics Enhancing US Navy Capabilities

General Dynamics Mission Systems Presents Portfolio of Capabilities to Defend, Protect and Connect the U.S. Navy

  General Dynamics Mission Systems makes its debut as General Dynamics' newest business unit at the Surface Navy Association's (SNA) 27th National Symposium. General Dynamics Advanced Information Systems and General Dynamics C4 Systems combined to form General Dynamics Mission Systems on






 
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