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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


  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.

FleetWeather Opens New Office in Greece

FleetWeather Business Intelligence, a provider of maritime business intelligence solutions and consulting services for global shippers, announced the opening of a new office this October in Athens, Greece.   According to FleetWeather, the office launch is the result of a developing customer base in the region, as well as proximity to clients and additional business opportunities.    Jess Hurwitz, FleetWeather’s Director of Global Sales & Marketing and Chief

3Si Group Launches Offshore Division

Photo: 3Si Offshore

3Si Group, whose global portfolio of marine safety products and services covers commercial, leisure and military markets, has announced the formation of 3Si Offshore, a division that will specifically focus on the North Sea offshore sector.

Hornblower Cruises & Events names Loebl Sr VP, Marine Operations

Gordon Loebl

  Hornblower Cruises & Events (HCE) has just named Gordon Loebl Senior Vice President, Marine Operations, according to Chairman and CEO Terry MacRae.  Loebl will be responsible for supporting Hornblower Cruises & Events’ multiple home ports; overseeing facilities

NYK Gets Japan's First LNG-Fuelled Tug

NYK Line has taken delivery of Japan’s first liquefied natural gas (LNG)-fueled tugboat from Keihin Dock. "The new tug, named Sakigake, was delivered by Keihin Dock Co. Ltd and is expected confirm the viability of LNG as a marine fuel and to help cultivate a new business field in the

Smith Taken on Rolls-Royce Holdings Board

Kevin Smith Courtesy GKN Plc

  Rolls-Royce Holdings plc today announces the appointment of Sir Kevin Smith CBE as a Non-Executive Director.  Sir Kevin will join the Board with effect from 1 November 2015 and will become a member of the Nominations and Governance Committee

Otto Marine Bags $27mln Charter Contract

Photo: Otto Marine

Otto Marine Limited, a builder and charterer of complex offshore support vessels and specialized offshore services provider, announced that its wholly-owned subsidiary, Swordfish 1 Pte Ltd, has entered into a long-term bareboat charter contract worth $27 million.  

New Bulk Cargo Pad for Port Manatee

Photo: Port Manatee

Port Manatee is adding a 2-acre cargo pad to support storage of prilled sulphur, a new commodity for the Florida Gulf Coast port.   Under an agreement signed Tuesday, June 16, with longtime port tenant Gulf Coast Bulk Equipment Inc., construction of the pad is slated to begin in September

UN Transforms Business' Commitment to Sustainability

Henrik O. Madsen

  Sustainability is now firmly on the global business agenda, but there is an urgent need to turn words into action. This is a key conclusion in the independent report; “Impact – Transforming Business, Changing the World” prepared by DNV GL on behalf of the United Nations

De Nora Acquires Severn Trent's Water Purification Business


  De Nora announces the completion of the acquisition of the Water Purification group of Severn Trent Services. The new business line, called De Nora Water Technologies, will be focused on delivering sustainable and innovative water and wastewater technologies for municipal

New Wärtsilä Subsidiary Trades Classic Engine Parts

Wärtsilä announced it has established a subsidiary to trade spare parts for classic four-stroke Wärtsilä engines. QuantiParts, fully owned by Wärtsilä, will operate from the Netherlands and serves customers in the marine, locomotive and power plant industries worldwide

General Cargo Dominates Seaway Traffic in June

Photo courtesy of The Great Lakes Seaway Partnership

June was an active month for U.S. ports receiving a variety of general cargo shipments through the St. Lawrence Seaway. “What’s notable about the June tonnage numbers were increases in the export of U.S. grain to Europe and the import of aluminum and steel to the ports of Cleveland

'Frack now, pay later,' - Top Companies Amid Oil Crash

Schlumberger NV

  Business is so tough for oilfield giants Schlumberger NV and Halliburton Co that they have come up with a new sales pitch for crude producers halting work in the worst downturn in years. It amounts to this: "frack now and pay later."

APSEZ, NCML Ink Management & Services Deal

Adani Ports and Special Economic zone ltd enters into a strategic alliance with NCML for Collateral Management & Warehousing services

  Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest port developer and a part of Adani Group, a global integrated player, entered into a strategic partnership with National Collateral Management Services Limited (NCML), a major Agri-infrastructure player

Sinotrans Shipping in the Red

Photo: Sinotrans Shipping

 Sinotrans Shipping slid back into the red for the first half of 2015, turning to a $18.3m loss from a small $2.3m profit in the previous corresponding period.   The dry bulk and container shipping arm of Chinese state-owned Sinotrans & CSC Group continues to feel the pain of low

RoRo Operations Start at APM Terminals Pipavav

Vessel at berth at APM Terminals Pipavav (Gujarat Pipavav Port)

  APM Terminals Pipavav (Gujarat Pipavav Port Ltd) and NYK Auto Logistics (India) today announced the commencement of RORO operations at Pipavav Port. Ford Motors India Pvt Ltd dispatched the first lot of its new Ford FIGO built in its Sanand plant in Gujarat for exports.

Edelweiss Now Controls Bharati Shipyard

Image: Bharati Shipyard

 Edelweiss Asset Reconstruction Company has taken over management control of Bharati Shipyard, says a report in ET.   Edelweiss now controls 70% of the Indian yard’s debts. A month ago plans were made to change the yard’s name to Bharati Defence and Infrastructure as part

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