Guilty Plea, Conspiring to Defraud U.S. Navy
A U.S. Navy subcontractor from Virginia has pleaded guilty to conspiring to defraud the Navy in connection with contracts for fabricated metal to be used for the repair and maintenance of elevator equipment on Navy aircraft carriers and support vessels, the Department of Justice announced. The charge is the first to arise out of the Department's ongoing antitrust investigation into the sales of fabricated metal products and other materials to the U.S. Navy. Todd M. Mosiman, a resident of Virginia Beach, Va., pleaded guilty in U.S. District Court in Norfolk, Va., to conspiring with another individual to steer more than $167,000 in contracts to Mosiman's now-defunct Chesapeake-based company from at least June 2004 to at least March 2005.
Can the Hinge Ship Work?
Hinge-Ship is a patented concept designed to combine the advantages of both deep draft and shallow draft shipping within the confines of a single vessel. The concept, if proven viable, could help to further the mandate of shaving valuable time from the transportation of goods from "point A to point B," as it would literally eliminate the need for storage at transshipment points and the transfer of cargo to other vessels, and all of the time and cost inherent in both. The essence of the design is that the vessel is split on centerline, and provided with a hinge. This arrangement, according to its designer John H. Leary, P.E., of Leary Engineering in New Orleans…
