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05 Dec 2023

Ship Recycling Markets Continue to Struggle

Source: GMS

Ship recycling markets continue to struggle going into the final weeks of the year, reports cash buyer GMS. There has been very little activity or new sales to report, with most end users abstaining from buying and rather wishing to wait and watch developments.Contrary to many expectations, India has lost around 3,000 rupees ($35/LDT) from steel prices.Pakistan was buoyed by the news that their country will sign up to the Hong Kong Convention â€“ which will enter into force from 2025…

21 Jun 2023

Cheniere, Equinor ink Long-term LNG Deal

Arctic Voyager leaving Hammerfest LNG.
(Photo: Rino Engdal / Equinor)

Equinor and Cheniere announced a new 15-year purchase agreement of around 1.75 million tons of LNG per year, with half of the volume starting from 2027. This agreement brings the total volumes that Equinor has contracted with Cheniere up to around 3.5 million tonnes per year.This new Sales and Purchase Agreement (SPA) with Cheniere will double the volumes of LNG that Equinor will export out of Cheniere’s LNG terminals on the U.S. Gulf coast.

04 Oct 2022

US Barge Backlog Swells on Parched Mississippi River

© Bill Perry / Adobe Stock

Commercial barge traffic on southern stretches of the Mississippi River was at a standstill on Tuesday as low water levels halted shipments of grain, fertilizer and other commodities on the critical waterway, shipping sources said.The supply chain snarl comes just as harvesting of corn and soybeans, the largest U.S. cash crops, is ramping up and as tight global supplies and strong demand for food and fuel have sent inflation soaring.Around 100 tow boats hauling some 1,600 barges were lined up for miles waiting to pass through one trouble spot near Lake Providence…

31 Aug 2022

RIX Industries Forms Sales Partnership with Blue Deep International

From left: Bryan Reid, Chief Sales Officer, RIX Industries, with Jeff Owen, BDI Director. (Photo: RIX Industries)

RIX Industries, a developer of gas generation systems and energy technologies, announced Blue Deep International (BDI) as a new sales partner for the commercial marine and international naval defense markets. U.K.-based BDI is a representative agency servicing countries and regions across the globe including Western Europe, North America, and Australia.Effective May 1, 2022, BDI represents RIX exclusively in the United Kingdom, Germany, Italy, The Netherlands, Norway, Denmark, Sweden, and Finland acting as a sales partner.

01 Aug 2022

Fears Grow in the Ship Recycling Market

© katiekk2 / Adobe Stock

Fears and concerns across the sub-continent recycling markets continue to grow as local currencies across all major ship-recycling destinations continue to worryingly depreciate by the day and some even tougher restrictions reportedly set in place on the opening of fresh Letters of Credit (L/Cs) in Bangladesh this week, as the foreign currency crisis in the country deepens further.In fact, the currencies have been such a source of frustration for the ship recycling community that the U.S. dollar transactions are getting uncontrollably out of hand.

13 Jun 2022

Ship Recycling Markets Settles at the $600/ton Range

Copyright hit1912/AdobeStock

After the recent falls sustained across all sub-continent recycling markets, there does seem to be a new floor in the low $600s/LDT that has been reached.As expected, there have been instances of opportunistic offerings below the $600/LDT mark. However, very few sales (if any) have taken place in the high $500s/LDT, as there remain virtually no potential units to offer to Recyclers at these lower levels.If any new sales do take place in the weeks ahead, it is certainly clear that a $100/LDT fall has been fully materialized and optimistically…

24 Mar 2022

Xeneta Appoints Finbow, Irvine to Exec Team

Laura Finbow, Director of Sales Enablement of Xeneta

Xeneta, a leader in ocean and air freight rate benchmarking, market analytics platform and container shipping index, announced the appointment of two new sales executives. Scott Irvine joins Xeneta as VP of Freight Forwarding and Laura Finbow will serve as Director of Sales Enablement. Scott Irvine has worked in the logistics industry for over two decades holding senior leadership roles across both shippers and freight forwarders. Most recently Scott was the VP of Air & Ocean for Zencargo, a leading digital freight forwarder.

11 Jan 2022

Uz Tapped as MD for Schottel Turkey

Seçkin Uz has been appointed Managing Director for SCHOTTEL Turkey. Photo courtesy Schottel

Effective January 1, 2022, Seçkin Uz has been appointed Managing Director for Schottel Turkey.Uz has extensive experience and expertise in the area of ship propulsion. After earning a degree in Naval Architecture and Ocean Engineering, he began his career with Berg Propulsion in the Asia/Pacific and Middle East region. Upon joining Caterpillar Marine as Managing Director for the entities in Dubai and Istanbul, he steadily pursued to enrich his knowledge and capabilities in the fields of market development, new sales, technical sales and after sales service.

13 Dec 2021

Vestdavit Reports Record Sales

(Photo: Vestdavit)

Norwegian davit supplier Vestdavit reports it has achieved record sales this year as it focuses on continuous product innovation to boost orders in both core and new markets.The company is on course for group-wide sales of more than Nkr200 million ($22 million) in 2021, a 20% increase on last year, to ensure a solid profit for the year and its fabrication facility in Poland is currently working at full capacity, according to managing director Rolf Andreas Wigand.“We have definitely…

29 Sep 2021

Lake Assault Boats Adds New Sales & Service Dealer

Lake Assault Boats has named Banner Fire Equipment, Inc. – of Roxanna, Illinois – as its sales and service dealership for Arkansas, Missouri, Oklahoma, and portions of Illinois. (Photo: Lake Assault Boats)

Superior  Wis. fire, patrol, and rescue craft builder Lake Assault Boats, part of Fraser Industries, has named Banner Fire Equipment, Inc. – of Roxanna, Illinois – as its sales and service dealership for Arkansas, Missouri, Oklahoma and portions of Illinois. “Adding Banner Fire Equipment to our dealer network is great news for fire departments and law enforcement agencies in the region that have protection areas with on-the-water responsibilities,” said Bob Beck, director of sales and marketing at Lake Assault Boats.

04 Aug 2021

Trelleborg Opens Houston HQ for Marine Solutions

(Photo: Trelleborg)

Trelleborg said its marine and infrastructure operation in North America has recently moved into its new sales office in Houston, Texas, in a move aimed at meeting the growing demands across all North American markets and providing more localized and coordinated customer support for its complimentary product offerings, which include marine fender systems, docking and mooring equipment, transfer link systems, and navigation and piloting solutions.The new 8,600-square-foot office located on the west side of Houston places Trelleborg in the heart of the Houston metro area.

14 Jun 2021

Helsinki Shipyard Begins Building Third Ship for Swan Hellenic

(Image: Helsinki Shipyard)

Helsinki Shipyard said the first steel has been cut for the third vessel in a series of new luxury expedition cruise ships for British cruise line Swan Hellenic.Ordered in October 2020, the new vessel is scheduled to be delivered at the end of 2022. Like its two sister ships already on order, the vessel is designed for the global cruise market, with an emphasis on high-latitude cruises.“The order for the third ship in this series of expedition cruise ships was one of the few cruise ship orders placed in the pandemic situation during 2020, and therefore significant for all of us.

12 Nov 2020

Allsalt Maritime Expands in US and Singapore

(Photo: Allsalt Maritime)

Marine shock mitigation technology provider Allsalt Maritime Corporation announced Thursday it has opened new sales and support offices in the U.S. and Singapore in response to market growth in the commercial and recreational boating industries.Victoria, B.C.-based Allsalt Maritime, owner of the Shoxs and Kinetix brands, said its new U.S. office is located in Edgewater, Fla., and will be led by newly appointed brand development and U.S. managing director Lisa Wood, a marketing and business development professional with more than 20 years of experience managing brands such as Stanley…

12 Nov 2020

Lindblad Expeditions Names Goodman CCO/CMO

Lindblad Expeditions Holdings, Inc. named David Goodman as its Chief Commercial and Marketing Officer, effective November 9, 2020.

Lindblad Expeditions Holdings, Inc. named David Goodman as its Chief Commercial and Marketing Officer, effective November 9, 2020. Goodman spent more than years running divisions of global multi-media organizations, overseeing revenue, marketing, content creation, production, product/technology, distribution and oversight of some of the world’s most recognizable brands and properties. Most recently he served as Executive Vice President, Marketing and Digital Development at Sotheby's.Under his leadership…

08 Jun 2020

Lean Marine Names Persson Sales Director

Jonas Persson (Photo: Lean Marine)

Swedish ship propulsion optimization and performance monitoring experts Lean Marine Sweden AB have appointed Jonas Persson to the role of Sales Director.In this position, Persson will hold overall responsibility for the expansion of the customer base for the automated propulsion optimization system FuelOpt and the smart performance management and reporting software Fleet Analytics worldwide, in addition to supporting Lean Marine’s existing customer network. He will also be responsible…

13 Sep 2019

AI & Machine Learning, Possible Force Multipliers for the Coast Guard

© immimagery/Adobe Stock

Artificial intelligence (AI) and machine learning (ML): mention these two terms and the listener may instantly think of the ads displayed as you view your favorite online news site. This is one version of what AI/ML might be. Given the state of AI and ML research today, these advanced mathematical techniques represent something the U.S. Coast Guard should explore for mission application. To do this, common definitions need to be created, challenges understood, and practical use…

23 Aug 2019

ME Production Strengthens Sales Team

Kim Pedersen (left)- Lars Duhn (right) in front of a MEP scrubber (Photo: ME Production)

As a consequence of continued growth, Danish scrubber specialist ME Production has strengthened its sales team and established a new scrubber service department.The sales department at ME Production has been expanded with new sales manager Mr. Lars Duhn, who joined the company in August. Duhn has previously worked for a range of leading maritime companies, including Alfa Laval, and brings years of valuable industry knowledge and sales experience with him.ME Production is not only expanding its sales organization but has also recently established a new scrubber service department.

12 Jul 2019

INSIGHTS: Edward C. Schwarz, ABB VP of Sales, New Builds

Edward C. Schwarz, ABB VP of Sales, New Builds

Based in Miramar, FL, ABB Vice President Ed Schwarz is today responsible for developing and leading the newly created new sales team for ABB in North America.He is the firm’s leading advocate for new build opportunities in US and Canada and more importantly, developing the business strategy necessary for bringing hybrid and electric solutions to North America market. A graduate of the U.S. Merchant Marine Academy at Kings Point, NY, he earned a Bachelor of Science in Marine Engineering and Shipyard Management in 2000.

25 Apr 2019

CMA CGM Launches eSolutions

Global shipping group CMA CGM has launched CMA CGM eSolutions, a digital system which enables its customers to manage the transport of their goods entirely via a digital interface.The digital eco-system comprising an online agency and other eCommerce channels such as Electronic Data Interchanges (EDI) and Application Programming Interfaces (API), which allow the digital transmission of relevant information and data between CMA CGM and its customers, it said in a press release.A large majority of the CMA CGM Group’s bookings are made via its eCommerce solutions, among which half are made through the Group’s web platform, it said.With CMA CGM eSolutions…

01 Mar 2019

MJP Opens New APAC HQ

Photo: MJP

Marine Jet Power (MJP) has announced the establishment of a new sales office for Asia Pacific (APAC), headquartered in Perth Henderson, Western Australia.In a celebration last week, company CEO Magnus Sörenson, CFO Erling Tomasson and EVP of Sales and Marketing Damian O’Toole, attended the opening of MJP’s new office, located in the Australian Marine Complex overlooking Jervis Bay. Co-located with IKAD Engineering, the new MJP APAC headquarters is ideally situated in the Henderson Industrial area of Perth Western Australia…

14 Feb 2019

Chevron in LNG Supply Deal with GS Caltex

American multinational energy corporation Chevron signed a new sales and purchase agreement with South Korean oil refiner GS Caltex Corporation for the delivery of liquefied natural gas (LNG) to South Korea.As a joint venture between Chevron and GS Energy, GS Caltex has signed a long-term agreement and will begin receiving LNG in October 2019, said a press release from the U.S. oil and gas major.Chevron’s President of Global Gas, Hugh Connett stated the agreement is another indication of the significance of the long-standing relationship between Chevron and GS Caltex.“We’re proud of our partnership with GS Caltex and we welcome this opportunity to build on that relationship by supplying LNG to South Korea’s growing market…

05 Oct 2018

TeamTec to Market Oceansaver BWTS

Last month (September) marked one year with TeamTec Oceansaver. Following the bankruptcy of the former OceanSaver AS in September 2017, TeamTec gained control of Oceansaver BWTS.TeamTec provides service and spare parts to existing customers with an Oceansaver ballast water system, as well as offering new IMO and USCG approved systems. “It has been a very exciting year since we got Oceansaver BWTS on our hands”, says Edvin Tunheim Tønnessen, Head of Sales & Projects BWTS at TeamTec.He claimed that Oceansaver BWTS is an good product with high quality and a unique focus on safety. "There has been no need to make significant changes the product itself. We have worked intensely the last year to incorporate the BWTS in our own existing systems.

02 Oct 2018

Yanmar Marine Appoints Julio Arribas to Head SW Europe

Yanmar Marine Internationalhas appointed Julio Arribas as its South West European Regional Manager, a position that encompasses the roles of General Manager of both Yanmar Equipment Iberica, S.L. and the newly-established Yanmar France SAS.Arribas will spearhead the launch of Yanmar’s strengthened distribution operation and selective dealer network in France after the leading engine and propulsion specialist opened a new sales and customer representative office in La Roche-sur-Yon in September to provide dedicated local support.Currently the General Manager of Yanmar Equipment Iberica with responsibility for Spain and Portugal, Arribas…

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