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Murray Relieves Ver Hage of NSWC Corona's Command

Change of command at  Naval Surface Warfare Center

  Cmdr. Steve Murray assumed command of Naval Surface Warfare Center, Corona Division from Capt. Eric Ver Hage during a change of command ceremony held Friday, Aug. 1. Rear Adm. Lawrence F. Creevy, commander of the Naval Sea Systems Command Naval Surface Warfare Center, served as the presiding officer and keynote speaker at the ceremony.   Creevy presented Ver Hage with the Legion of Merit, praising his significant accomplishments during nearly three years in command, citing strengthened ties across the Navy, expanded community outreach and enhanced partnering with regional business and academia, such as the Navy's award-winning, first patent cross-licensing agreement. In his remarks, Ver Hage celebrated his co-leader, Dr. Bill Luebke, NSWC Corona technical director, and thanked community leaders and the workforce for their support during his tour. "What an extraordinary opportunity to learn, serve and lead this assignment has been," said Ver Hage "This is a high performance workforce . the best scientists, engineers and technicians in the world.  I have, and our nation has, asked so much of you, and you continue to hit it out of the park and achieve success in endeavor after endeavor."   Ver Hage heads to another assignment at NAVSEA as the Director of Test and Evaluation for the Evolved Sea Sparrow Missile System program, a 10-nation, international cooperative development effort.


Transas Secures First Simulator Order in Myanmar

In May 2002, Singapore-based Transas Marine Pacific received the first order to supply a multi-purpose simulation complex to Myanmar (Burma). The order came from Eastwind Shipmanagement Pte Ltd, which is setting up its own training center in Myanmar. Among the Transas simulator equipment to be installed within the next 8 weeks in the new training facilities of Eastwind, there will be the TGS 4100 Ver. 4.1 GMDSS simulator class; networked PC-based Engine Control Room simulator ERS 2000 Ver. 5


Transas Moves Towards Auto Integrated Navigation

With the Navi-Sailor 2400 ECDIS becoming the world's first type approved ECDIS, the company's latest development — Navi-Sailor 2500 — goes even further in the automation of full bridge navigation. Navi-Sailor 2500 is equipped with a number of innovative functions that bring this product to the summit of modern shipping electronics. In addition to the vector charts of S-57 ver.3 format and raster ARCS and NDI/BSB, the new system can incorporate Seafarer raster charts produced by the


Proposed Notice of Sale Issued for Western Gulf of Mexico OCS Sale 174

The U.S. Department of the Interior's Minerals Management Service (MMS) is making available the Proposed Notice of Sale for Western Gulf of Mexico (GOM) Sale 174. The sale is scheduled for August 25, 1999, in New Orleans. Sale 174 encompasses 3,642 unleased blocks, about 19.81 million acres, in the Western GOM Outer Continental Shelf Planning Area offshore Texas and in deeper waters offshore Louisiana. The blocks are located from nine to 200 miles offshore in water depths ranging from 26 ft


ClassNK Releases New Container Guidelines/Software

ClassNK Releases New Guidelines and Software for Container Carrier Structures.   ClassNK has released a new revised edition of its “Guidelines for Container Carrier Structures – Guidelines for Direct Strength Analysis”, as well as a new version of its PrimeShip-HULL(DSA) software for use in designing container carriers in line with the new guidelines.   ClassNK released the first edition of its “Guidelines for Container Carrier Structures” in 2003


BOEM Proposes GoM Oil and Gas Lease Sale

Photo courtesy BOEM

As part of President Obama’s all-of-the-above energy strategy to continue to expand safe and responsible domestic energy production, Bureau of Ocean Energy Management (BOEM) Director Tommy P. Beaudreau today announced that the bureau will offer more than 21 million acres offshore Texas for oil and gas exploration and development in a lease sale that will include all available unleased areas in the Western Gulf of Mexico Planning Area.


BOEM: 38 Million-Acre Oil &Gas Lease Sale in the Central GOM

Secretary of the Interior Ken Salazar and Bureau of Ocean Energy Management (BOEM) Director Tommy P. Beaudreau announced that BOEM will offer 38 million acres in the Central Gulf of Mexico for oil and gas exploration and development. Thesale will build on two major Gulf of Mexico lease sales in the last year – a 21 million acre sale held last December and a 39 million acre sale held in June. Proposed Lease Sale 227, scheduled to take place in New Orleans on March 20, 2013


Obama Administration: More Than 20 Million Acres Offshore Texas for Bid

November Sale Will Offer All Available Unleased Areas in the Western Gulf of Mexico     As part of President Obama’s all-of-the-above energy strategy, Secretary of the Interior Ken Salazar and Bureau of Ocean Energy Management (BOEM) Director Tommy P. Beaudreau released the final details for an oil and gas lease sale that will offer more than 20 million acres offshore and will make available all unleased areas in the Western Gulf of Mexico Planning Area.  


Cummins Reports Results for Q2 2013

Cummins Inc. today reported results for the second quarter of 2013. The company said they expect full year revenues to be in line with 2012. Second quarter revenues of $4.5 billion increased 2% from the second quarter of 2012. Revenues in North America increased by 7% and international revenues declined by 4%. Within international markets, growth in Brazil and China was offset by weaker demand in Europe, India and Mexico.


MOL America Announces Corporate Sales Changes

Richard Craig

MOL (America) Inc. issued a release announcing several changes to its North American sales management, including the promotion of Richard Craig to the position of executive vice president, sales and operations. Additionally, Richard Jung, who currently assistant vice president of sales, central region, has been appointed to assume the duties of vice president of sales in replacing Dennis Sheehan, vice president of sales, who has decided to leave MOL (America) Inc


MHI's Entity to Oversee Material Handling Equipment, Engine and Turbocharger Businesses

Organizational Structure Courtesy MHI

Today Mitsubishi Heavy Industries, Ltd. (MHI) decided in principle to launch a new wholly owned entity to integrally oversee its current businesses in material handling equipment centered on forklift trucks, engines and turbochargers. The new entity will serve as an independent management body to


Furuno Establishes China Subsidiary

FURUNO ELECTRIC CO., LTD. announced that its new subsidiary in Hong Kong has been established and has commenced business operation on February 1, 2016.   The new subsidiary, FURUNO CHINA CO., LIMITED (FCN) is FURUNO's wholly-owned subsidiary company incorporated in Hong Kong.  


Ellicott Takes On Rohr-Idreco Line in Latin America

Rohr-Idreco RISD 600 (24) 100 digging depth dredge for removal of sedimentation behind the Inga dam in the Democratic Republic of Congo (Photo: Ellicott Dredges)

Ellicott Dredges LLC & Rohr-Idreco Dredge Systems, which are owned by Ellicott Dredge Enterprises, LLC, has  announced that Ellicott's Latin American Sales Manager, Andres Borasino, will be adding the Rohr-Idreco deep digging dredge product lines to his area of responsibilities.


FSRU Golar Tundra Sold to Golar LNG Partners

Golar LNG Limited has entered into a purchase agreement to sell the Golar Tundra, a floating storage and regasification unit (FSRU), to Golar LNG Partners LP for a sale price of $330 million.   In connection with the closing, Golar LNG Partners will receive a daily fee plus operating


Jastram, Eco Marine Sign Agreement

Photo: Eco Marine Power

Eco Marine Power (EMP) has announced that it has entered into a sales and support agreement with Jastram Technologies Ltd. of Canada. This agreement paves the way for EMP to begin offering a wide range of products and services to the Canadian shipping and offshore sector.  


Caterpillar Q4 Revenue Dips 23 pct

Caterpillar Inc's quarterly revenue slumped 23 percent as weak commodity prices and slowing economic growth in developing countries hit demand for its products. The world's largest construction and mining equipment maker's total sales and revenue fell to $11


Iran Slowly Offloads Stockpiled Oil

Iran is slowly winding down stocks of oil stored on tankers close to its shores and the process is likely to take longer than Tehran had wanted, despite the lifting of international sanctions this month. The pace of sales taken from floating storage highlights the difficulties Iran is facing


IMTRA Acquires Custom Product Sales Talent

Prentice Weathers

Marine Manufacturer Adds Talented Technical Sales Professional To Expand Key Big Boat Market Segment Presence IMTRA, the leading manufacturer and importer of quality marine products, announced today the addition of Prentice Weathers to its sales team.


India Seeks Merchant Banks for Cochin Shipyard IPO

Image: Cochin Shipyard Ltd

 Indian Government has initiated procedures for sale of shares of Cochin Shipyard Limited (CSL) by seeking expression of interest (EoI) from merchant bankers to manage the initial public offering (IPO).   The listing will involve the sale of some 33.98m shares, of which 22


Hyundai Merchant Marine Plans Asset Sale

Photo: Hyundai Merchant Marine Co

 Hyundai Merchant Marine Co. (HMM), is resurrecting an asset-sale plan in an effort to stave off bankruptcy as it reels from a crisis in the shipping industry brought on by slowing global trade, says WSJ.   The Seoul-based company plans to seek another buyer for its majority stake in


Recent Vessel Sales - January 2016

Vessel sales for January 2016 (as of February 1) as prepared by Shipping Intelligence, Inc., New York.   Date Reported - Vessel Name - DWT - Built - (Age) - Price in Millions USD   Bulk Carriers 1/27 - ASIAN TIDE - 7,365 - 08(8) - $1.3 1/20 - SHUEI - 19,968 - 12(4) - $9


Sovcomflot IPO Expected in Q3 2016

Image:  PAO Sovcomflot

 The Russia's top shipping company Sovcomflot initial public offering (IPO) is expected in Q3 2016, part from the privatization program by the government.    An IPO for Sovcomflot could take place later this year. The current fleet of Sovcomflot numbers 142 vessels with total


Dramatic Turnaround for Hanjin Shipping in 2015

Photo: Hanjin Shipping

 The Korean shipping giant Hanjin Shipping  improved its financial result in 2015 and came back to profit trajectory.    It reported a $6m net profit in 2015 from a $396m loss the previous year and said it expects cost-saving measures to help it weather a tough 2016.  


Schottel Canada Opens Quebec Offices

Sylvain Robitaille, Schottel Canada Regional Sales Manager

Sylvain Robitaille has been named Regional Sales Manager. Reflecting the growing volume of shipbuilding projects and expansion of its customer base in the region, Schottel has opened a new sales office in the Quebec City, Quebec area. Schottel Canada, Inc


COSCO Also Eyes Greek Train Network

China's COSCO already the sole bidder for Greece's Piraeus Port. Buying both would give COSCO a European transhipment hub. China's COSCO is expected to make an offer for Greece's rail network after becoming the sole bidder for the country's largest port, two people familiar with the matter said






 
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