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.
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
Conrad Industries 2010 Results and New Business
Conrad Industries, Inc. (OTC Pink Sheets: CNRD.PK) announced its fourth quarter and twelve months 2010 results and the addition of new business during the first quarter totaling $75.2 million. For the quarter ended December 31, 2010, Conrad had net income of $3.3 million and earnings per diluted share of $0.51 compared to net income of $2.8 million and earnings per diluted share of $0.43 during the fourth quarter of 2009. The company had net income of $10
Singapore’s Jaya Holdings – New CFO Appointed
Jaya Holdings Ltd is pleased to announce the appointment of Mr Chong Chow Pin as Chief Financial Officer Designate. Mr Chong will report directly to the Chief Executive Officer and be responsible for financial, treasury and all corporate services. He succeeds Ms Thai Kum Foon, who will step down on 31 December 2012 from the position to pursue personal interests. Mr Sheshashayee Venkatraman, Chief Executive Officer of Jaya Holdings
UniversalPegasus Names New Business Development Director
Terry Mienie has been named Business Development Director UK & international by Houston headquartered UniversalPegasus International (UPI). Craig Pierrotti, Senior Vice President of Business Development announces the appointment of Terry Mienie, who joins UPI's Aberdeen, Scotland, office from Penspen where he served as Business Development and Manpower Manager Offshore. While with Penspen, he was responsible for creating new business opportunities across the group.
Globalstar To Conduct Business As Usual
Globalstar announced that the U.S. Bankruptcy Court in Delaware has approved all of the company's first day motions, allowing Globalstar to continue normal course operations and, with the support of the Company's service providers, further assuring uninterrupted telecommunications service for its customers. The Court approval, which was granted on February 21, follows Globalstar's filing on February 15 of a voluntary petition under Chapter 11 of the U.S. Bankruptcy Code with the same court
GLTT to Receive WIRE-Net Mission Builder Award
WIRE-Net has selected The Great Lakes Towing Company and Great Lakes Shipyard as one of the four local manufacturing companies to receive this year’s Mission Builder Awards. WIRE-Net is a Cleveland, Ohio company whose mission is to strengthen manufacturing to create healthy communities
Rand Makes Corporate Governance Changes
Rand Logistics, Inc. announced that Laurence Levy has been appointed as Executive Chairman, with responsibilities that include overseeing corporate strategy including growth and acquisition initiatives, corporate culture, and organization building. Mr
Drydocks World, DNV, Share Strategic Thinking
Dubai's Drydocks World & Maritime World chairman in discussions with DNV group CEO on mutual opportinities in shipping. Chairman H.E. Khamis Juma Buamim held discussions with DNV Group Chief Executive Officer, Henrik O. Madsen at DNV headquarter in Oslo, Norway
Jee Appoints Business Development Director
Jee Ltd., an independent multi-discipline subsea engineering and training company, has appointed Nigel Ross as Business Development Director. Based in the company’s Aberdeen office, Mr. Ross will be responsible for ensuring the business continues to meets its ongoing strategy for
U.S. Water Treatment Specialists Establish European Base
Produced Water Absorbents, Inc., (PWA) of Ohio, U.S., expanded its global footprint, choosing Aberdeen to locate its first international entity, PWA Europe Ltd. The environmental oilfield service provider was incorporated in June 2011 and has its global headquarters in Wooster, Ohio, USA
MHI Forms Company to Manage Machinery and Engine Businesses
Mitsubishi Heavy Industries, Ltd. (MHI) announced the organization of a company dedicated to the handling of marine machinery and marine diesel engine business as of October 1, 2013. Through this initiative, MHI aims to accelerate its global business development activities and expand market share
Houlder Plans an Office Across the Atlantic
Houlder said it will open an office in Houston to service key oil and gas clients headquartered in the U.S. The company said the move is the latest of a series of expansion steps and follows the delivery of an increasing number of offshore project engineering
IHC Hytech, Fathom Systems Enter Distributor Agreement
Two commercial offshore diving companies, IHC Hytech and Fathom Systems, joined forces by signing a new international distributor agreement that was signed on May 7, 2013. Under the terms of the agreement, IHC Hytech will distribute Fathom Systems’ products in the commercial diving
POLB Chief to Leave for Oakland
Christopher Lytle, Port of Long Beach Executive Director since November 2011, will resign to take the top post at the Port of Oakland. Lytle will remain at Long Beach until mid-July, and is expected to begin his new job in Oakland shortly thereafter
Fabricom Expands, Makes Two Senior Appointments
Oil and gas engineering company Fabricom Offshore Services announced its relocation from Aberdeen's Riverside House to larger office facilities at Berry Street in the city center. The move, which comes less than a year after the company established a base in Aberdeen
Ports America to Operate Port of LA Cruise Terminal
The Port of Los Angeles contract Ports America to provide operation, management & maintenance of the Port of Los Angeles Cruise Terminal at Berth 90-43 in San Pedro, Calif. The five-year agreement, commencing April 2013, includes two 5-year options
CSSC-HPS to Build Jackup Rigs for Alliance
CSSC Guangzhou Huangpu Shipbuilding (CSSC-HPS) confirmed that it is starting the construction of “two plus two” units of jackup drilling rigs capable of operating in 400 Foot Water Depths, using the Zentech design and TSC integrated equipment packages. Alliance Offshore Drilling PTE Ltd
Huntington Ingalls Industries Reports Q1 Results
Huntington Ingalls Industries reported first quarter 2013 revenues of $1.56 billion, relatively flat compared to the same period last year. Segment operating income for the first quarter was $120 million, compared to $101 million in the same period last year
Northrop Grumman Names CEO U.K. and Europe
Northrop Grumman Corporation will appoint Andrew Tyler chief executive for the United Kingdom and Europe, effective July 1, 2013. In this new position, Tyler will play a leading role in supporting the company's current programmers, developing strategies for growth and identifying new business
Iron Ore Carriers Head for Port of Long Beach
Iron ore exports start up at Long Beach: Western U.S. mines supply the raw material for shipment to Asia. Officials gathered dockside to celebrate the exporting of iron ore from the Port of Long Beach – a promising new line of business developed by SA Recycling