Marine link
 

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.


MHI's Entity to Oversee Material Handling Equipment, Engine and Turbocharger Businesses

Organizational Structure Courtesy MHI

Today Mitsubishi Heavy Industries, Ltd. (MHI) decided in principle to launch a new wholly owned entity to integrally oversee its current businesses in material handling equipment centered on forklift trucks, engines and turbochargers. The new entity will serve as an independent management body to provide integrated and swift responsive oversight of these three core businesses. Under this initiative, MHI looks to generate synergy benefits, streamline its organization


K-Line Rolls Out UAE Logistics Firm

 Image: K Line Europe Ltd

 Japan-based Kawasaki Kisen Kaisha (“K” Line) and Sharaf Group have established a new firm, K Line Shipping & Logistics (KLSL).    Based in Dubai, UAE, KLSL will carry out businesses in the fields of marine transportation, logistics, land transportation, air cargo transportation, warehousing and supply chain solutions.   The company will aim to develop new businesses through a network actively, "K" Line and Sharaf Group.  


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


Rolls-Royce Merges 2 Subsidiaries for Better Engine Life Management

Image

  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.


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


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.


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


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)


RBS Says Starts Winding Down Shipping Business

The Royal Bank of Scotland has begun winding down its global shipping finance business, it said on Tuesday, ending efforts to sell it amid a worsening downturn across the freight industry.   Chief Executive Ross McEwan is battling to complete a restructuring


DP World London Gateway Adds New Shipping Service

DP World London Gateway Port and Logistics Park in the UK.

DP World London Gateway Port has announced a new shipping service to Australia, the Mediterranean and other key markets.   CMA-CGM’s NEMO (North European Mediterranean Oceania) and Hapag Lloyd’s EAX (Europe, Australia Express) combined service will begin calling at DP World


ABB Names Jouret Chief Digital Officer

ABB has appointed Guido Jouret as Chief Digital Officer, reporting to ABB’s CEO Ulrich Spiesshofer, effective October 1, 2016. Jouret, a pioneer of the Internet of Things, will lead the next level of development and deployment of ABB’s digital solutions for customers globally and


Semco Maritime, Langset to Develop Hanøytangen Yard

Photo courtesy Semco Maritime

The two Norwegian companies enter into the agreement to cover development of the Hanøytangen yard as well as pursuing business opportunities in the oil and gas/maritime industry, primarily targeted at the North Sea and international markets


GoFLNG Strategy Milestone for Golar LNG

Pic: Golar LNG

 Golar LNG  has now passed a very significant milestone in the roll out of its GoFLNG strategy, says a statement from the company.   The recent full and final investment decision (FID) of the Cameroon GoFLNG Hilli project fully validates both the technical and commercial aspects


Ship Finance 2016 Q2 Reveue Falls

Photo: Ship Finance International Limited

 Ship Finance International Limited earnings missed the Street expectations for the second quarter. Quarterly charter revenues $159m versus $174m in last quarter.   The company reported net income of $38.81 million down from $46.8 million in the year-ago quarter.   


Grand Bahama Shipyard Expands Sales Team

Photo: Grand Bahama Shipyard Limited

Grand Bahama Shipyard Limited (GBSL) has added three regional sales directors to its Marketing and Sales Division, with posts in the Americas, Europe and Asia/Middle East.   According to the shipyard, their prime objectives will be to increase yard exposure


JSMEA to Host Smart Ship Seminar at SMM

Dr. Hideyuki Ando (Image: JSMEA)

Onboard and ashore, IoT application services, which rely on ships’ onboard equipment data, have become increasingly prevalent throughout the maritime industry. Japan Ship Machinery & Equipment Association’s (JSMEA) Smart Ship concept utilizes IoT application services to achieve


JSMEA to Host Smart Ship Seminar at SMM

Dr. Hideyuki Ando (Image: JSMEA)

Onboard and ashore, IoT application services, which rely on ships’ onboard equipment data, have become increasingly prevalent throughout the maritime industry. Japan Ship Machinery & Equipment Association’s (JSMEA) Smart Ship concept utilizes IoT application services to achieve


Grand Bahama Shipyard Adds Four Executives

Ian Edward Ross (Photo: GBSL)

Grand Bahama Shipyard Limited (GBSL), a Caribbean shipyard providing retrofit, refurbishment and revitalization to cruise and commercial vessels, has added four new positions to its executive team in 2016.   Taking up the new executive positions are Ian Edward Ross, Don Keirce


Samsung Shipyard Mulls Outsourcing

Photo: Samsung Heavy Industries

 Samsung Heavy Industries (SHI) CEO Park Dae-young proposed the outsourcing of shipbuilding to China and Indonesia in an effort to overcome a liquidity crisis, according to Yonhap.   "I feel a doubt over whether we should build ships only in our shipyard


JSMEA to Host Smart Ship Seminar at SMM

Dr. Hideyuki Ando (Image: JSMEA)

Onboard and ashore, IoT application services, which rely on ships’ onboard equipment data, have become increasingly prevalent throughout the maritime industry. Japan Ship Machinery & Equipment Association’s (JSMEA) Smart Ship concept utilizes IoT application services to achieve


A Bumpy Ride: China's New Maritime Silk Route

Map by Alibra Shipping

 China has been pressing ahead with its ‘One Belt, One Road’ (OBOR) initiative – comprised of the Silk Road Economic Belt and the 21st-century Maritime Silk Road (pictured) – which was launched in 2015. Alibra Shipping Research is taking a look on China's plans.


Funding Approved for Georgia’s New Inland Terminal

At its July board meeting, the Georgia Ports Authority (GPA) approved a spending package of $19.7 million to construct the Appalachian Regional Port in Chatsworth, Murray County, Ga.   The funds consist of $10 million from the state of Georgia and $9.7 million from the GPA


Port of Barcelona Looks to Panama, Cuba for Growth

Photo: Panama Canal Authority

Panama and Cuba, both in the midst of growth and international expansion, are examples of two different economic models that are helping to attract foreign companies through government initiatives providing investor security.   Seeking to generate business opportunities and strengthen






 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright