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
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.
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.
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
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.
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
Mitsui Engineering & Shipbuilding Co., Ltd., Tokyo JAPAN, with president Mr. Takao TANAKA (MES) established a subsidiary company in Singapore Mitsui Engineering & Shipbuilding Asia Pte. Ltd. (MES Asia) , fully owned by MES to enhance and expand their business dynamically on October 1, 2013. Rapidly growing ASEAN countries still continuously necessitate for AS (After-sale Service) business for machineries in marine and land use
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
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
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
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.
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
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
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
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
Mitsubishi Heavy Industries, Ltd. (MHI) has concluded an agreement with Odense Maritime Technology A/S (OMT) of Denmark, a provider of ship design services, to collaborate in expanding their licensing business. Under the newly agreed collaborative arrangement
From Annapolis, Md. USA and Dubai, United Arab Emirates, TRACE International and DA-Desk FZ-LLC announce a partnership to create greater transparency in the shipping industry which they say will set the standard for global compliance due diligence and port cost management services.
TRACE International and DA-Desk FZ-LLC today announced a partnership to create greater transparency in the shipping industry. The first-of-its-kind shipping industry partnership pairs TRACE, the worldwide leader in setting the standard for global compliance due diligence, with DA-Desk
Inchcape Shipping Services (ISS), the world’s leading maritime services provider, has appointed David Mackay as Senior Vice President for its Africa region. Based in Mombasa, Kenya, David will have operational management responsibility for eight countries in the region
ASRY, a ship and rig repair yard in the Arabian Gulf, is expanding its range of in-yard services by signing a Service Agreement with Solas Marine Services Group. The Agreement will allow Solas to build a 2,000-square-meter Service Center for Life Boats
Galileo, the EU satellite navigation program (the European GPS) and Copernicus, the EU Earth monitoring program, are in decisive phases this year. With the launch of six additional Galileo satellites, Europeans will soon be able to enjoy their own satellite navigation system
A New Independent Company to Focus on Satellite Communications for Energy Exploration and Production, Maritime and Leisure Markets. Environmental & Safety Systems International, Incorporated (ESSI), an energy industry service leader in Aids to Navigation (AtoN)