At its extraordinary general meeting held Dec. 12, 2000 in Houston, Texas, holders of ordinary shares of Transocean Sedco Forex Inc. approved all proposals presented at the meeting, including those relating to the company's pending merger transaction with R&B Falcon Corporation. Shareholders approved an increase in authorized ordinary share capital, the issuance of ordinary shares in the merger, anincrease in the maximum size of the company's board of directors to 13 persons and an increase in the number of ordinary shares reserved for issuance under the company's Long-Term Incentive Plan and Employee Stock Purchase Plan. On Aug. 21, 2000, Transocean Sedco Forex announced that it had signed a definitive agreement to merge with R&B Falcon in an all stock transaction in which common shareholders of R&B Falcon will receive a fixed ratio of 0.5 shares of newly issued Transocean Sedco Forex ordinary shares for each R&B Falcon share. The transaction is expected to close during the first quarter of 2001.
Hornbeck-Leevac Marine Services, Inc., announced that the board of directors has unanimously appointed Bernie W. Stewart to fill the recently created board vacancy. Stewart served in a variety of senior management positions with R&B Falcon until its merger in January 2001 with Transocean Sedco Forex, Inc., most recently as Senior Vice President, Operations of R&B Falcon Corporation and President of R&B Falcon Drilling US, its operating subsidiary
The first of a series of eight 22,500-ton ships to be built under a contract between the Vietnam Shipbuilding Industry Corporation (Vinashin) and the Vietnam National Shipping Lines Corporation (Vinalines) was delivered on March 27. The Golden Falcon Ship, built by the Bach Dang Shipbuilding Company – an affiliate of Vinashin, was launched since November 2006. The cargo ship was designed by VINAKITA, a joint venture between Vinashin and Japan’s KITADA, with a 6,230HP main engine
U.S. Naval forces disrupted a pirate attack on M/V Falcon Trader II, a Philippine-flagged merchant vessel, after it reported it had been attacked by pirates March 24. All 20 Filipino crew members of the Falcon Trader II are safe and in control of the vessel. At approximately 10:30 a.m. (local), aircraft carrier USS Enterprise (CVN 65) and guided missile cruiser USS Leyte Gulf (CG 55), conducting operations supporting Operation Enduring Freedom
Mike will serve as Senior Naval Architect in EBDG's New Orleans office and brings over 13 years of naval architecture and marine engineering expertise to the firm. He is a licensed Professional Engineer in the state of Louisiana with a diverse background in all aspects of marine vessel construction. He holds an MBA and a BS in Naval Architecture and Marine Engineering from the University of New Orleans. Matthew joins EBDG in Seattle as a Marine Designer
Elliott Bay Design Group (EBDG) recently welcomed two new hires and two summer interns to the Seattle office. Zach McKinney and Jeremy Rice are the latest Marine Engineers to join the firm. McKinney, who holds a BS in Civil Engineering from the University of Washington, Seattle, has expertise with a number of vessel types including barges, ferries, military and fishing vessels and workboats. He is also versed in detail design and specialty projects.
R&B Falcon Corporation has confirmed a three-year drilling contract with Texaco for its newbuild 10,000-ft. water depth dynamically positioned drillship Deepwater IV, as a substitute for previously contracted Peregrine VIII. Texaco expects to begin a drilling program offshore West Africa shortly after the vessel's delivery, which is scheduled for the third quarter of 2000. Steve Webster, R&B Falcon's president and CEO, stated
Designed by policemen for policemen and capable of speeds up to 70 mph, Rex Alloy's new 43 ft. (13.1 m), high speed Rigid Inflatable Boats (RIBs) are reportedly engineered as the strongest, safest and most seaworthy. Boasting exceptional maneuverability - the vessel can turn in 1.5 boat lengths at 60 mph, the hull is BS 5083-32 aluminum, .15 stronger than standard marine grade aluminum, and the ultra-strong Hyperlon tubes are divided into seven air-tight compartments
American Commercial Lines Inc. (ACL) has appointed Jacques J. Vanier to the position of Vice President Manufacturing. Most recently, Vanier served as Vice President of Global Manufacturing and Operations with Alcoa Automotive and Truck Systems. Throughout his 21 year career with Alcoa, Mr. Vanier held a variety of positions in operations management, manufacturing, logistics, production control and sales. He holds a BS in Industrial Distribution and an MBS in Industrial Management
As a step ahead in the MAN Diesel & Turbo and SpecTec Group cooperation, on October 25, 2010, AMOS BS was installed at MAN Diesel & Turbo's PrimeServ location in . On October 26, 10members of MAN Diesel & Turbo staff were trained on AMOS BS main features, by Kim Pommegard and Jens Ipsen from SpecTec DK. SpecTec ILS Manager, Marco Vatteroni, gave his own contribution, showing how it is possible, in a few minutes
Ron L. Phillips has been appointed Senior Vice President of Human Resources – Office of People and Potential for Carnival Cruise Line. In this capacity, Phillips will oversee shoreside and shipboard human resources for the world’s largest cruise line
Edward P. Kelleher will be assuming the new role of Global Business Development Manager – Diesel, effective December 1st. In this role, Mr. Kelleher will be leading the effort in developing a global distribution network, growing the Windrock Inc business in the marine industry and
Becker Marine Systems USA continues growth in North America. Becker Marine Systems, the leader in rudder technology and the inventor of the Becker Mewis Duct Energy-Saving Device has added Brian Rhoades and Adam Wood to their USA staff.
A piece of metal thought to be debris from an American space rocket was recovered from the sea off the Isles of Scilly. The metal – a large section of alloy about 10 meters by 4 meters, was spotted on the surface between Bryher and Tresco and reported to the UK Coastguard November 26
Vessel sales for May 2015 (as of June 1) as prepared by Shipping Intelligence, Inc., New York. Date Reported - Vessel Name - DWT - Built - (Age) - Price in Millions USD Bulk Carriers 5/26 - SEA RACER - 18,320 - 00 - (15) - $3.5 5/12 - BIRCH 5 - 26,045 - 97 - (18) - $2.8
Independently-owned ocean-going petroleum barge company Bouchard Transportation Co., Inc. announced the appointment of Brendan J. Bouchard as VP of Sales and Operations, establishing the fifth generation of the Bouchard family. Bouchard Transportation was started by Brendan J
Damen Maaskant Shipyards Stellendam is constructing an innovative razor shell dredger for the Dutch fishing cooperative YE 118 Noordland BV. The 43-metre vessel, sharing the same name as the cooperative, shows how a standard Maaskant design can be modified to meet the ever changing
As many as four VLCC tankers could take North Sea crude oil to Asia this month, shipping fixtures show, after an Atlantic Basin supply glut forced prices to multi-year lows. The Samco Europe, Bunga Kasturi Empat, Britanis and Starlight Venture VLCCs - very large crude carriers - have been lined
The U.S. Coast Guard informs it is working with SpaceX and partner agencies to monitor the debris field of the exploded Falcon 9 rocket in the Atlantic Ocean more than 150 miles off the Florida-Georgia coast. The unmanned SpaceX CRS-7 rocket was meant to deliver supplies
Federal Maritime Commission Chairman Mario Cordero announced that the Commission has completed compromise agreements recovering a total of $1,227,500 in civil penalties. The agreements were reached with seven non-vessel-operating common carriers (NVOCCs) and one vessel-operating common
Inchcape Shipping Services (ISS) has been appointed by Paragon Offshore, Houston, as marine and logistic services provider for a new drilling campaign off the Songo Songo Islands, Tanzania – the first new commercial drilling project in Tanzania in a number of years.
A new liquefied natural gas (LNG)-bunkering terminal may become operational at South Korea's Busan New Port by 2020. South Korean shipping company Polaris Shipping will reportedly invest $500 million (KRW 600 billion) to construct the facility.
HANSA HEAVY LIFT has been recognized with a DNV GL Excellence - Five Stars Award for the high quality of its management systems. The heavy lift and project shipping company, which is one of only nine lines to be recognized in this way, was presented with the certificate by DNV GL at a ceremony
Pioneer Marine, a shipowner and drybulk handysize transportation service provider, announced it has accepted delivery of a 38,464 DWT Green Dolphin eco-design handysize vessel, the M.V. Falcon Bay. The new vessel, which was constructed at Yangzhou Guoyu Shipbuilding Co
Three vessels suspected of smuggling subsidized fuel from Venezuela's refinery-rich Paraguana peninsula were detained this week by the country's navy, a local commander said on Saturday. Sources told Reuters on Monday that seven people had been arrested for allegedly attempting to