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US Marine Repair Joins Lockheed Martin LCS Team

The Lockheed Martin LCS Team is adding United States Marine Repair to its group of core teammates supporting the Sea Blade LCS solution. Using an open business model, the Lockheed Martin LCS Team is recruiting "best of breed" technical specialists from the U.S. and overseas in its bid to win this important transformational Navy program. "A key focus of Lockheed Martin's LCS proposal is to find the best companies, in the U.S. and abroad, to deliver to the Navy the most affordable and effective ship possible," said Fred Moosally, president of Lockheed Martin's Naval Electronics & Surveillance Systems. "Our team is harnessing world class expertise in a wide range of disciplines. United States Marine Repair, a wholly owned subsidiary of United Defense, adds another important element to our Sea Blade littoral combat ship proposal for the Navy." United States Marine Repair provides ship repair and logistics services experience to the team. Potential long-term roles for the company within the Sea Blade solution include fleet maintenance, training, module fabrication, ship outfitting and porting. "United States Marine Repair is honored to join the highly regarded group of technical specialists on the Lockheed Martin LCS Program Team," said retired Rear Adm. Dick Camacho, the company's vice president of business development


WIL Lines Opens Home Base in Tripoli, Libya

WIL Lines, a worldwide logistics integrator with offices throughout the U.S., Africa, Middle East and Europe, recently opened its Libyan office in the capital, Tripoli. Since the re-establishment of diplomatic relations with the U.S. in 2004, Libya’s economy has opened significantly. Foreign businesses are finding it easier to do business there and the profits to be made are significant. The country has one of the highest GDPs in the world and is a major importer of dry foods and other


Freightgate Announces Opening in France

Freightgate Inc., a leading provider of Internet applications for the freight and logistics industry, announced that it has opened a new sales, service and support facility in Marseille, France in order to reinforce its commitment to the European market. "Our new office in France will not only facilitate the relationships with our current customers in Europe, but also to develop new business within this area. We believe the door is open for additional activity in Europe," said Martin Hubert


ACL Opens Houston Headquarters

American Commercial Lines Inc. (ACL) opened its new Liquid Transportation Division Headquarters in Houston, Texas. The opening of the new regional headquarters, combined with ACL's recent announcement to build 30 new 30,000 barrel tank barges in 2008, begins the foundation for the Company's long-term strategy to increase liquid business from 24% to 40% of its total transportation revenue.


General Dynamics to Supply Core Mission System for U.S. Combat Ships

General Dynamics Advanced Information Systems was awarded a contract by Austal USA to be the Platform Systems Engineering Agent (PSEA) of Littoral Combat Ships (LCS) 14 and 16. These are the fifth and sixth ships of the Independence-variant LCS to be ordered by the U.S. Navy under a 10-ship block buy contract awarded in December 2010 to Austal USA. General Dynamics Advanced Information Systems is a business unit of General Dynamics.


Kobelt Opens Houston Branch

Kobelt Manufacturing Company Limited has opened an office in Houston, vice president Tom Kobelt announced. "Our Houston office, staffed with professionals who understand the Latin American Culture and business customs will help us improve presence in the Latin American and the Gulf of Mexico marketplace, and provide better service to our customers," said Kobelt.


Open Ocean Launches Maritime Security Program

Chenega UK Managing Director Murray Hammick

Aboard the HQS Wellington in London yesterday, Chenega UK Ltd. launched its fully integrated maritime security system to combat piracy and provide the ship owning community with a holistic, single point of contact security program to mitigate the risk of piracy.   The system was received with excitement by the shipowners, managers, insurers, flag states and others engaged in transporting more than 90% of the world's goods, as "currently


Viking Supply Ships Open Canadian Office

Balder Viking: Photo courtesy of VSS

Sweden's Viking Supply Ships (VSS) have opened an office in St. John’s, Newfoundland, Canada. They say they have had several vessels working in Canada over the past few years and the opening of the Canadian office will strengthen their strategic position in the Canadian market. Mr. Gerard Dunphy, who has been in the Offshore Business for over 20 years in Atlantic Canada, the Canadian Arctic, Alaska, Greenland and the North Sea, has been employed as the Managing Director.


Swire Oilfield Services Opens New Headquarters

Swire Oilfield Services chief executive officer, Tor Helgeland; chairman, Barnaby Swire; director & general manager UK, Roy Burrell; and chief operating officer, Richard Sell.

Swire Oilfield Services, a global supplier of cargo carrying solutions, modular systems, offshore aviation services and fluid management, has officially opened its new £4 million global headquarters in Aberdeen.   The new headquarters are part of an overall investment in the business of £50 million this year to support the company’s international business development strategy.   Swire Oilfield Services currently employs 750 people globally and expects to


Rolls Royce Factory to Serve Equipment to Yards

Rolls Royce has opened a new factory in Shanghai, China, to serve the world’s largest commercial shipbuilding market. Together with an existing facility in Korea, the factory forms a new production hub for north-east Asia enabling the company to supply shipyards with marine equipment at the point of manufacture – and open up new markets in the process. The Asian shipbuilding market is currently worth £19 billion annually and accounts for around 80 percent of all global construction


BMT, Ares Deliver Luxury Passenger Ferries

Photo courtesy of BMT

BMT Nigel Gee (BMT), a subsidiary of BMT Group, and Ares Shipyard announced that the first two boats of a series of eight luxury passenger ferries destined for Qatar, have been completed and delivered to the customer. BMT worked closely with Ares Shipyard to produce an innovative design with


Holland American Line Launches 'Dive-in At The Terrace Grill’

Holland American Line

  Holland America Line is enhancing the Terrace Grill on its 15 premium ships and rebranding the popular lunch spot as “Dive-In at the Terrace Grill.” The outdoor bistro-style grill area by the ships’ Lido pool will feature new signature burgers, hot dogs and fries.


How to Work with Your Insurer When Experiencing a Loss

Marine insurance – just like health, automobile and homeowner’s insurance – can be a valuable safeguard in case something unexpected happens. And when something bad happens, it provides reassurance that you have assistance in place to help get back to business quickly.


BP Spill Compensation Battles Rage On

BP pays billions in compensation but some claims still unpaid; Oil still appearing on beaches in Gulf of Mexico. Company says claims process is flawed, not all oil from spill. Four years after the Deepwater Horizon spill, oil is still washing up on the long sandy beaches of Grand Isle, Louisiana


Reports: Brazilian Tycoon Batista Investigated For Financial Crimes

Brazils federal police have opened an investigation into former billionaire Eike Batista for financial crimes, including insider trading, manipulation of markets and money laundering, Brazilian media reported on Friday.   If the police probe leads to criminal charges against Batista


Years After BP U.S.Oil Spill: Compensation Battle Rages

Four years after the Deepwater Horizon spill, oil is still washing up on the long sandy beaches of Grand Isle, Louisiana, and some islanders are fed up with hearing from BP that the crisis is over.   Jules Melancon, the last remaining oyster fisherman on an island dotted with colourful


Bunker Specialists Endofa Name Hoffmann CEO

Lars Hoffmann: Photo Endofa

Endofa, an independent marine fuel supplier and bunker trader, informs it has named Lars Hoffmann as Chief Executive Officer. Prior to joining Endofa, Hoffmann served as Chief Executive Officer for Shipping.dk.  He also served on the board of the Danish Shipbrokers Association.


Inchcape Shipping Services Opens in Venezuela

Port Manager Aldo M. Limongelli will head up the new office of ISS   Venezuela in Puerto La Cruz.

Inchcape Shipping Services (ISS), the world’s leading maritime services provider, has expanded its network in Central and South America with the opening of ISS Venezuela in Puerto La Cruz, to satisfy strong customer demand. Port Manager, Aldo M


Commodity Giant Steps out of the Shadows

Photo: Trafigura

A detailed new case study scrutinizing the risk-management Swiss-based Trafigura is the latest effort to "demystify" the once-secretive commodity trading industry, just big merchants seek to fill a void being left by Wall Street banks.


Where in the World is USS Slater?

USS Slater in drydock (Photo courtesy Destroyer Escort Historical Museum)

To answer, USS Slater is at Caddell Dry Dock and Repair in Staten Island. Typically, the ship is open to the public in Albany near the beginning of April. This season, after several years of fundraising, the ship has been taken to drydock for repairs to her hull.


Blackstone Unlikely to Enter Commodities Trade

Blackstone exec doesn't expect move into commodities in near term Blackstone Group LP is unlikely to make a foray into commodity trading in the short term as the world's largest alternative asset manager struggles to find a target to fit its asset-light business model


POSH raises $311m in Singapore IPO

Image: POSH file photo

POSH prices IPO at S$1.15 per share, near bottom of indicative range. POSH focuses on service to production, maintenance and is keen on growing offshore accommodation business. PACC Offshore Services Holdings (POSH) could raise at least S$388


CA Port Seeks Public Feedback on Expansion

Port for All logo

The Port of San Diego apprises it is to host separate open house events for the public to provide feedback on its long-range vision and 'Integrated Port Master Plan Update' process. The Port of San Diego, the fourth largest in California, is in the midst of developing a 50-year Vision Plan as


WireCo Acquires Netherlands’ Endenburg

Company will open new crane distribution center WireCo WorldGroup Inc., the world’s leading producer and marketer of specialty steel ropes and high synthetic ropes, announced today that WireCo has acquired the assets of Endenburg B.V., a Netherlands-based company


ISS Network Expands to Venezuela

Photo courtesy of ISS

Inchcape Shipping Services (ISS) has expanded its network in Central and South America with the opening of ISS Venezuela in Puerto La Cruz. Port Manager, Aldo M. Limongelli, who brings 38 years of experience in maritime operations such as chartering, bunkering, stevedoring, transportation


 
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