Ocean Products News

Danish shipping conglomerate Maersk launched a digital service that is designed to simplify supply chains and provides customers with a cargo loading guarantee at a fixed price.The Maersk Spot platform also helps its clients by addressing some of the fundamental inefficiencies that exist across the industry, said a press release."It is not uncommon to see overbookings to the tune of 30%, and often this leads to rolling of the customers’ cargoes since there is overbooking to compensate for the high downfall," said Silvia Ding, Global Head of Ocean Products at Maersk. "This creates a lot of uncertainty for our customers. With Maersk Spot, we provide full visibility of the price and terms that will ensure cargoes get on board.

Maastricht Maersk, the latest next-generation Triple-E vessel known for improved energy efficiency and environmental performance, has arrived for the first time to Rotterdam on her westbound voyage from Asia.Welcoming  the maiden voyage of the most modern vessel in the fleet to Rotterdam, Bo Lindberg Andersen, Benelux Countries Manager at Maersk said: "The Dutch name of the new vessel is a symbol of our long-lasting and mutually beneficial relationship with The Netherlands and local customers. What is even more important is our continuous commitment to serve the Dutch market and provide services that support local trade ambitions and trigger growth.”Dutch customers continues…

Ocean transportation company Maersk Line, a unit of the A.P. Moller-Maersk Group, announced today the formation of a regional, containerized shipping company – SeaLand - dedicated to the intra-Americas market. The new affiliate will have a structure similar to Maersk's other regional carriers such as intra-Asia carrier MCC Transport and intra-Europe carrier Seago Line. SeaLand will feature knowledgeable, local sales and support personnel positioned in North, Central and South America, as well as the Caribbean, to meet the unique needs of customers throughout the region.

Amid the doom and gloom which has become revenue reporting season, it is refreshing to note that L-3 Communications reports that first quarter of 2002, sales were $696.8 million, an increase of 50.9% over sales of $461.9 million in the first quarter of 2001. 52.0%. As a percentage of sales, operating income in the 2002 first quarter was 10.2%, compared with 10.1% in the first quarter of 2001. Net income for the 2002 first quarter was $29.3 million, an increase of 106.3% over net income of $14.2 million as reported in the first quarter of 2001. increase of 77.5%. In the 2002 first quarter, diluted shares outstanding increased approximately 15.1% to 41.2 million from 35.8 million in the first quarter of 2001…

Deep Ocean Engineering Inc. (DOE) appointed Kenneth Cast as Vice President of Sales and Marketing. Cast, a veteran of the international offshore industry for over 25 years, brings a track record to DOE in all aspects of underwater vehicle systems, both manned and un-manned. His extensive experience in manufacturing, operations, product design, marketing and sales of ROV systems will direct the company’s future growth and development to meet customer demands. Cast’s primary responsibilities include promotion of Deep Ocean’s products and services to open new international markets, including directing the development of a new class of ROV for severe operating environments using Deep Ocean’s 20-years of experience and innovative engineering capabilities.

Globalstar, Inc., will with software and communications company, OCENS, to launch a new suite of data services. OCENS Mail, WeatherNet and GRIB Explorer products are now available to Globalstar subscribers in the United States, providing optimized email transfer speeds and important weather and ocean information services via the Globalstar satellite network. OCENS Mail for Globalstar will provide satellite customers with the capability to transfer emails 20 times faster than when using standard email software. The program is optimized for the Globalstar network, offering virus scanning, filtering and mail forwarding services and works with existing email services such as Outlook Express.