Offshore Systems Continues to Receive New Orders

Wednesday, May 22, 2002
Offshore Systems International Ltd., a marine electronic navigation company with a strong defense niche, announced that it has received $850,000 in new orders from the U. S. Coast Guard. These new orders are for Offshore's proprietary ECPINS(R)-M (Electronic Chart Precise Integrated Navigation System-Military) systems, and for electronic charts and chart services. "Offshore Systems continues to expand its strong business relationship with the U.S. Coast Guard," said John Jacobson, President and CEO of the company. "The Coast Guard has been a key customer for the last eight years, and its demanding requirements have driven our product development programs to produce some of the most sophisticated electronic charting technology in the world." "We are particularly proud that the Coast Guard is expanding its utilization of Offshore's technology into new applications. The Coast Guard has a front-line responsibility for Homeland Defense to protect U.S. ports and waterways, and they have announced substantial plans for upgrading and expanding their fleet and resources," Jacobson added.
Email AddThis Feed Button Share
Maritime Reporter April 2013 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Kongsberg Complete J-lay DP3 Vessel Automation Retrofit

Kongsberg Maritime has completed the installation and commissioning of an integrated bridge and automation solution during a large-scale retrofit of the Saipem 7000,

Deepwater Spar Hull Delivery Takes Ship to Capacity Limit

The Boskalis subsidiary, Dockwise vessel 'Mighty Servant 1' has offloaded the 23,000 ton spar for the Lucius deepwater oil and natural gas project in the Gulf of Mexico.

Scana to Supply Rolls-Royce with Marine Propulsion Components

Scana Industrier ASA subsidiary Scana Steel Björneborg, receives an additional order from Rolls-Royce, for delivery of complete propeller and intermediate shafts during 2013-2014.

Finance

Seeking an Investable Container Shipping Stock These Days ...

Asian container liner finances are put under the microscope in a recent Drewry Maritime Equity Research report. It is a challenge to find an investable container

China Merchants' Guestimate Container Terminal Growth

China Merchants Holdings (International) Company recently held its AGM in Hong Kong and the Vice-Chairman predicted figures in the company's container terminal operation interests.

Safe Bulkers Start Series B Share Trade on NYSE

Greece-based Safe Bulkers, Inc. commences trading of its 8.00% Series B Cumulative Redeemable Perpetual Preferred Shares on the New York Stock Exchange. The ticker

 
 
mobi | rss feeds | archive | history | articles | privacy | contributors | top news | about us | copyright