Sperry Marine Name Revived
Corporate consolidations have, in the last 10 years, effectively consumed a number of "household" brand names as efforts were made to streamline the acquirer's letterhead. In a reversal, of sorts, Northrop Grumman Corporation gave a rebirth to a well-respected name in the marine business, saying that its marine systems business unit has been renamed Sperry Marine, effective immediately. Formerly Litton Marine, this commercial and defense-related marine electronics business was acquired by Northrop Grumman in its purchase of Litton Industries Inc., last year. Sperry Marine remains a business unit of the Baltimore, Md.-based Electronic Systems sector of Northrop Grumman.
Resolve Marine/PENCO: Emergency Response in Hawaii
On February 2nd, 2011, a team of emergency responders from Resolve Marine Group and Pacific Environmental Corporation (dba PENCO)/American Marine Corporation, demonstrated their marine fire fighting capabilities in Honolulu Harbor. The trained crew of locally and internationally recognized professionals conducted an equipment deployment exercise, utilizing pumps and fire fighting monitors stored at the PENCO/American Marine facilities on pier 13, and operated from the deck of the M/V American Islander.
China Marine Services: New Research & Markets Report
This new offering 'Marine Services in China' from Research and Markets covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. The Marine Services industry in China comprises establishments that provide a wide range of specialized marine and offshore services, including marine management, marine evaluation, marine and polar expeditions, marine weather forecasting, marine pollution control and other marine services. Marine scientific research is not included in this industry. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares. CNOOC-OTIS Well Completion Service Ltd. Neptune Offshore Engineering Development Co., Ltd. Shanye Marine Services Co., Ltd.
Digital Marine Acquires Jeppesen's Marine Division
Digital Marine Solutions announced today it has signed a purchase agreement to acquire the marine division of Jeppesen, subject to regulatory approval. Under the terms of the agreement, the former Jeppesen Marine will operate as a separate entity with its own dedicated resources and will trade under the C-MAP brand name. Jeppesen will remain as part of The Boeing Company. Digital Marine Solutions is owned by the Altor 2003 Fund, which is part of the Nordic based Altor family of private equity funds. This strategic acquisition leverages Altor’s experience in the Marine industry, where it also is the majority owner of the Navico house of marine brands.
MN 100: Donjon Marine Co., Inc.
President & CEO: J. Donjon Marine Co., Inc. offers the marine community full-service solutions to meet every need in the field of marine salvage, dredging, material recycling and related services. Founded in 1964, Donjon Marine’s principal business activities were marine salvage, marine transportation, and related services. Donjon’s controlled expansion into related businesses such as dredging, ferrous and non-ferrous recycling and heavy lift services are a natural progression, paralleling a record of solid technical and cost-effective performance.
Sumitomo And Mitsui Finalize Merger Conditions
Sumitomo Marine & Fire Insurance Co. and Mitsui Marine & Fire Insurance Co. on Tuesday announced terms under which they will merge next October, creating Japan's largest non-life insurer with assets of 5.7 trillion yen ($51.6 billion). In a joint statement, the companies said 1.09 Mitsui Marine shares will be allocated for one Sumitomo Marine share. The merged entity will be named Mitsui Sumitomo Insurance Co. with Mitsui Marine president Takeo Iguchi and Sumitomo Marine president Hiroyuki Uemura serving as co-chief executive officers. Mitsui Marine, currently Japan's third-largest casualty insurer, and fourth-ranked Sumitomo Marine agreed to merge in March.
North American Marine, R. E. Perry Alliance
It is a well-known fact that marine assets are unique, whether they are inland and ocean-going vessels or waterfront properties, shipyards and barge fleeting operations. Making business decisions pertaining to them, especially in today’s market, can be difficult. Consequently, North American Marine Consultants, LLC, and R.E. Perry Company have formed a strategic alliance to better assist their customers in managing their marine assets by providing knowledge-based marine surveying, financial appraisal analyses and brokerage services for vessels and land-based marine assets worldwide. North American Marine Consultants, LLC, a new venture headquartered in St. Louis, Missouri, provides professional marine surveying and appraisal services for inland and ocean-going vessels. The R.E.
XL Catlin Promotes Chief Underwriting Officer, Marine
XL Catlin today announced the promotion of Anne Marie Elder to the role of Chief Underwriting Officer Marine for the Americas region. Elder in her new leadership role now reports to Lee Meyrick, XL Catlin’s Chief Underwriting Officer for Global Marine, in London. Elder, who previously held the position of Senior Vice President and Chief Underwriting Officer, Inland Marine in North America, assumes the role formerly held by Richard DeSimone. DeSimone, who joined XL Catlin in 2011 to help build its North America Marine capabilities, retired from the company on December 31, 2015. According to Meyrick, “Under Rich’s leadership, we expanded our team in North America and created a comprehensive portfolio of Bluewater and Brownwater Hull…
Marine Software Delivers Marine Planned Maintenance System
U.K. 580 passenger capacity cruise liner, the MS Sage Rose. Marine Software imported all job descriptions, PM schedule and historical records from Saga Rose’s existing MS-DOS AMOS D system into their Marine Planned Maintenance for Windows system. only a short interval. Marine Software is able to import data from many existing DOS and windows systems. Rocksaw 1000hp rock-trenching tool. installation program for Seabulk International’s offshore support vessels, Seabulk Mallard, Seabulk Jasper, Seabulk Connecticut and Seabulk Washington.
Marine Software to Supply Maintenance System for Hebridean Spirit
U.K. based software house Marine Software Ltd was commissioned by Hebridean Island Cruises to set up their Marine Planned Maintenance system for the M.V Hebridean Spirit from existing AMOS D data and was delivered as a complete working system. their various container and Ro-Ro managed Delmas vessels Patricia Delmas, Roland Delmas, Suzanne Delmas, Rokia Delmas, Catherine Delmas, Roxane Delmas, Veronique Delmas, Kamina Delmas and Kariba Delmas. This now takes the number of vessels operating Marine Purchasing to 13 and also compliments Marine Planned Maintenance and Marine Storekeeper already installed on these vessels. Flanders, Freeway and Ideway operating on the Felixstowe/Europort route. vessels.
Foss Maritime Acquires Harbor Marine Group
Foss Maritime Company will acquire Harbor Marine Group Inc., a full service Seattle-based naval architecture and marine engineering consulting firm. Along with their existing suite of services, Foss can now offer full service logistics and project management to their domestic and international customers. The new line of business will operate under the Harbor Marine Group name as a division of Foss Maritime Company. Harbor Marine Group principals David Dumont and Elizabeth Reynolds have both accepted positions at Foss. Dumont has been named director of Harbor Marine Group, and Reynolds has been named director of Foss engineering. Harbor Marine Group currently serves a broad range of commercial and public marine clients operating throughout the U.S. West Coast and Alaska.
Resolve Marine Group Acquires Magone Marine Services
Resolve Marine Group, based in Fort Lauderdale, Florida has agreed to acquire Magone Marine Services of Western Alaska. The result, say Resolve, will be a greatly expanded, emergency response and marine services company that combines the local expertise amassed by Magone Marine’s Alaskan salvors with the extensive resources, personnel, and vast salvage & wreck removal experience of Resolve Marine Group. The newly-formed business will be named Resolve-Magone Marine Services…
Boat Accessory Supplier Reports on its Sustainablity Initiatives
West Marine, a retailer of boating supplies and accessories, has released its BlueFuture® 2011 Sustainability Report. BlueFuture® encompasses West Marine's company-wide efforts focusing on sustainability, including improving and protecting the marine environments, reducing the company's carbon footprint and supporting the communities where West Marine Associates live and work. From "green" boating products to giving millions of dollars in grants over the years to marine based non-profits — West Marine continues to demonstrate its commitment to preserving our waters and ensuring that future generations will be able to enjoy our marine resources.
Willard Licenses SeaArk Commercial, Military Boats
Willard Marine, Inc., has entered into an exclusive licensing agreement with SeaArk Marine, Inc., to build all of its commercial and military boat models, of which 7,000 have been sold worldwide since SeaArk Marine’s founding nearly 60 years ago. Based in Monticello, Ark., SeaArk Marine is family owned and was operated by the McClendon family beginning in 1959, and they experienced great success delivering boats to all 50 states, every U.S. held territory, and over 70 countries around the world.
NG Celebrates 60 Years in Marine Radar
Northrop Grumman Corporation’s (NYSE: NOC) Sperry Marine business unit is marking a major milestone in the history of the company’s leadership in radar technology with the celebration this year of the 60th anniversary of the launch of its first marine radar. Sperry Marine’s heritage in marine radar dates back to August 1949, when the U.K.-based Decca Marine Group introduced its first commercial marine radar product, the Type 159. The Decca brand product lines later became incorporated with Sperry Marine under Northrop Grumman ownership. DaCunha noted that the company has sold more than 150,000 marine radar sets in almost every country of the world since the first product appeared in 1949.
ST Engineering to Build Two Tugs for OSG
ST Engineering announced that its US shipyard VT Halter Marine Inc (VT Halter Marine), has signed a contract with subsidiaries of Overseas Shipholding Group, Inc. (OSG) to build two 8,000 ATB tugs worth over $21m. VT Halter Marine is the U.S. operation of ST Engineering's marine arm, ST Marine. The tugs will be built over 16 months at VT Halter Marine’s Moss Point Marine shipyard with deliveries expected in the second and third quarters of 2011. Measuring 140.4 ft by 38 ft each, these two state-of-the-art tugs will be used to perform articulated tug barge (ATB) services, transporting refined petroleum products coastwise within the US and will have all the necessary capabilities to operate in full ocean service.
Drew Names Medved Regional Sales Manager
Maritime Sales Veteran Steve Medved Named New Regional Sales Manager at Drew Marine. Drew Marine welcomed Steve Medved as Regional Sales Manager, North America on May 1, 2012. Mr. Medved will be responsible for executing Drew Marine’s technical solution strategies in North America. Mr. Medved has 30 years of technical experience and market knowledge in the maritime industry. Most recently, he served as Nalfleet’s Head of Sales in the Americas. In his new position, Steve will report to Michael Cassaras, Senior Vice President of Sales and will provide a key service and support resource for Drew Marine’s clients. Mr. Cassaras, stated “This…
MN100: Cummins Marine, Inc.
Cummins, Inc. is a corporation of complementary business units that design, manufacture, distribute and service engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems. Cummins has also created a dedicated Cummins Marine organization within the existing Engine Operating Segment. By consolidating its commercial and recreational teams, the Cummins Marine organization is better positioned to serve its government and commercial marine customers.
Fireman's Fund Appoints Marine Loss Control Director
Tim Donney has joined Fireman's Fund McGee Marine Underwriters at the company's New York City headquarters as Marine Loss Control Director. A 25-year veteran of marine loss control, Donney will manage the loss control services provided by this leading marine insurer, which includes the largest internal ocean marine loss control staff in the industry. Donney, who was previously the president of Hull & Cargo Surveyors, Inc., most recently served as the Director of National Operations for the Marine Division of Intermodal Transportation Services, Inc. (ITS).
ExxonMobil Marine Fuels to Supply Houston Market
ExxonMobil Marine Fuels has begun supplying marine fuels in Houston, Texas, with immediate effect. ExxonMobil will offer 180cSt, 380cSt and 500 cSt marine fuel as well as marine gasoil (MGO) and marine distillate (MDO). Entry into the Houston market expands ExxonMobil's existing marine fuel market offerings in Beaumont, Texas and Lake Charles, Louisiana.
IMarEST Welcomes Castrol Marine's Marine Partner Status
Castrol Marine has renewed the Corporate Membership of the Institute of Marine Engineering, Science and Technology’s (IMarEST) Marine Partners initiative. “If there is one thing better than acquiring a new member of the Marine Partner scheme, it is news that a long-time partner is renewing its relationship with us,” says Fiona Morris, Interim Chief Executive of IMarEST. “It is extremely stimulating working with Castrol Marine, and we are delighted that we will be doing so for another year.
Drew Marine Acquires Chemring Marine
Affiliates of Drew Marine (“Drew Marine”) have reached a definitive agreement with Chemring Group PLC (“Chemring”) to acquire Chemring’s maritime interests (“Chemring Marine” or the “Company”) for a cash consideration of £32 million, subject to standard closing adjustments. Under Drew Marine’s ownership, the business will be named Drew Marine Signal and Safety (“DMSS”). Chemring Marine is the world’s leading supplier of marine distress signals including handflares, manoverboard buoys, line-throwers and other required rescue products under established brands including Pains Wessex, Comet, Aurora and Oroquieta. The Company’s products are produced in Bremerhaven, Germany; Pamplona, Spain; and Lara, Australia. The business will continue to be headquartered in Hampshire, UK.
Mitsui Marine, Sumitomo To Merge
Sumitomo Marine & Fire Insurance and Mitsui Marine & Fire Insurance have agreed to merge by April 1, 2002, in a move that would create Japan's largest non-life insurer. With combined assets of $51.7 billion, the merged company would outstrip current industry leader Tokio Marine & Fire Insurance, whose assets stand at $48.5 billion. Mitsui Marine is Japan's third largest non-life insurer, and Sumitomo Marine the fourth biggest. Analysts say the merger is set to accelerate consolidation in the sector, where competition is intensifying due mainly to the deregulation of insurance premiums in July 1998. Sumitomo Marine and Mitsui Marine said they will unveil a detailed merger plan in March. Both companies had said two weeks ago that they were in talks on forming an alliance.