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.
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
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
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.
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.
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 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.
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)
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 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
As a result of an internal investigation prompted by concerns raised from employees and in follow-up to prior internal suspicions, the Canaveral Port Authority in May requested the Florida Department of Law Enforcement (FDLE) to probe improprieties in its parking operations.
Cat Financial reported second-quarter 2014 revenues of $728 million, an increase of $34 million, or 5 percent, compared with the second quarter of 2013. Second-quarter 2014 profit after tax was $146 million, a $35 million, or 32 percent, increase from the second quarter of 2013.
DP World , one of the world's biggest port operators, said on Thursday that its gross container volumes rose 10.7 percent from a year earlier in the first half of 2014. Volumes totalled 29.4 million twenty-foot equivalent units (TEU), boosted by new business at its London Gateway facility and
Bay Shipbuilding Company (BSC) of Sturgeon Bay, Wisconsin, a subsidiary of Fincantieri Marine Group (FMG), has been awarded a contract to build two 155,000-barrel capacity barges and two 6,000 HP tugs for Kirby Corporation. The vessels are to be operated as Articulated Tug-Barge (ATB) units and
The Norwegian Port of Drammen opted for a new Liebherr mobile harbor crane, type LHM 550, which has started operation in June 2014. This investment in the future represents the second mobile harbor crane for the port, which has been operating an LHM 400 since 2008.
Pemex signed a Memorandum of Understanding with the British Council to promote the training of their workers. The agreement was signed by the director general of Pemex, Emilio Lozoya Austin; Britain's ambassador in Mexico, Duncan Taylor, and the director of the British Council
Rolls-Royce and Hispano-Suiza (Safran) have signed a Memorandum of Understanding (MoU) to establish an exclusive long term joint venture (JV) for the development of world-leading accessory drive train transmission systems. The new business will be a 50:50 JV which addresses the entire
Five start-ups presented at round two of the TURN8 Seed Accelerator initiative recently, which was attended by more than 70 delegates, including investors and media professionals at the Meydan Hotel in Dubai. A DP World initiative that was launched last year
Technip, leader of a joint venture with Fluor, was awarded a substantial(1) Program Management Consultancy (PMC) contract by PETRONAS for the Refinery and Petrochemical Integrated Development (RAPID) project located in the state of Johor, Malaysia
The Port of Rotterdam says that the first commercial cargo has been transhipped on the inner waters of Maasvlakte 2. At one of the two specially designed berths, oil products were transhipped from the ‘Blue Marlin’ to the ‘Chemtrans Sea’.
Corsica Ferries is first to tap into MCPs new entertainment and information platform for the ferry and cruise industry. Following a successful pilot, five vessels in the Mediterranean Ocean will be equipped with Value Adding Voyage Experience platform (VAVE) this summer
New business paper describes how the marine industry can develop Lean methodologies to press on in lean times. AVEVA has announced its publication of a new business paper – ‘Engineering & Design for Lean Shipbuilding’
W&O, a global supplier to the marine and upstream oil and gas markets for pipe, valves and fittings, valve automation and engineered solutions, announced new leadership in its Northeast region with the promotion of longtime employee Bill Duffy to Northeast regional manager.
Intergraph, informs that international engineering and project management company AMEC has chosen to upgrade its investment in PDS® to Intergraph Smart 3D technology by transferring its existing PDS perpetual licenses to Smart 3D licenses.
Huntington Ingalls Industries (HII) has reported first quarter 2014 revenues of US$1.59-billion, up 2.0 percent compared to the same period last year. Selected details from the financial report as follows: Revenues were $1.59 billion for the first quarter of 2014