Marine Link
Sunday, February 26, 2017

Shipbuilder HII Declares Quarterly Dividend

Columbia Class Courtesy Huntington Ingalls Industries

Huntington Ingalls Industries announced today that its Board of Directors has declared a quarterly cash dividend of $0.60 per share, payable on March 10, 2017, to shareholders of record as of the close of business on March 3, 2017. Huntington Ingalls Industries is America’s largest military shipbuilding company and a provider of professional services to partners in government and industry. For more than a century, HII’s Newport News and Ingalls shipbuilding divisions in Virginia and Mississippi have built more ships in more ship classes than any other U.S. naval shipbuilder.

Rep. Granger Visits Newport News Shipbuilding

Rep. Kay Granger, R-Texas, visited Newport News Shipbuilding on Thursday. Granger serves as chairwoman of the House Appropriations Committee’s Defense Subcommittee. (Photo: John Whalen/HII)

Huntington Ingalls Industries (HII) hosted Rep. Kay Granger, R-Texas, on February 23 for a tour of the company’s Newport News Shipbuilding division. Newport News Shipbuilding President Matt Mulherin accompanied the congresswoman on the shipyard tour, which included progress updates on the aircraft carriers Gerald R. Ford (CVN 78) and John F. Kennedy (CVN 79), as well as the USS Abraham Lincoln (CVN 72) refueling complex overhaul and the Enterprise (CVN 65) inactivation. Granger also learned about Newport News’ role in the Virginia- and Columbia-class submarine programs.

"K" Line Joins Indian National Shipowner's Association

Image: K"Line (India) Private Limited

"K" Line (India) Shipping Private Ltd (KLISP), affiliated company of Kawasaki Kisen Kaisha Ltd., joined Indian National Shipowner's Association(INSA) at the end of January 2017. KLISP was established in 2014 and actively participates in Indian Coastal Trade as well as International Trade business as an Indian Shipping company. In the same year, KLISP successfully entered into a long-term CVC contract with an Indian Charterer. From December 2016, KLISP acquired ownership of an Indian flag vessel…

Apply Now for the MN100

The August 2017 edition of Marine News, the leading voice in the North American workboat market, will feature 100 leaders and innovators, including workboat owners and operators, workboat builders and repairers, and product and service providers. Is your firm a top 100 workboat, brown water or inland enterprise? Participation is free, but to be considered you must apply at the link below. To have your company featured in this edition, please apply at http://mn100.maritimemagazine.com/ Contact Joe Keefe with questions at: keefe@marinelink.com  

BAE Systems Announces New Submarine Construction Training Facility

Image: BAE Systems Submarines

Sir Michael Fallon MP, Secretary of State for Defence, visited BAE Systems Submarines today where he learnt about the Company's £25m investment in a new apprentice training facility. The Company’s site, in Barrow-in-Furness, Cumbria, is home to the UK's submarine design and build capability and the new facility will help nurture the unique skills required to deliver one of the world's most complex engineering challenges. BAE Systems is the prime contractor for the Astute programme and the lead industrial partner in the Dreadnought programme…

Voices: Todd Roberts, President, Marine Group Boat Works

Todd Roberts (Photo: Marine Group Boat Works)

"As a kid, I worked for our sister company, Flagship Cruises (formerly San Diego Harbor Excursion),” said Roberts. “I wanted to be a deckhand on the ferry but I was told that I was too young, so I started out sweeping the floors in the boathouse, and doing just about anything, from loading the boats to hauling line. Going to work for me was like other kids going to the Little League field. And so starts the story of Todd Roberts’ maritime career some three decades ago. Roberts graduated Cal Maritime…

The MN100 Edition is Coming

The August 2017 edition of Marine News, the leading voice in the North American workboat market, will feature 100 leaders and innovators, including workboat owners and operators, workboat builders and repairers, and product and service providers. Is your firm a top 100 workboat, brown water or inland enterprise? Participation is free, but to be considered you must apply at the link below. To have your company featured in this edition, please apply at http://mn100.maritimemagazine.com/ Contact Joe Keefe with questions at: keefe@marinelink.com

China Sells Ships Online

Image: Varada Marine Group

Chinese Maritime Court has sold five vessels of bankrupt Wenzhou Shipping, subsidiary of Zhejiang Shipping Group,  through online auctions on Taobao.com  for a  a total price of $22.81m. The auctioned ships include 2011-built 57,000-dwt supramax bulker Zhe Hai 167, 2009-built 33,400-dwt handysize bulker Zhe Hai 162, 2009-built 23,500-dwt handysize bulker Zhe Hai 156 , a tugboat  and an oil barge. Singapore-based company Varada One's vessel was auctioned off on online shopping platform Taobao  for $11.7,  Xinhua news agency reported. The VLCC Varada Blessing is 1993-built, 300,000 dwt tanker.

GD Extends NNS Offer

General Dynamics extended its pending tender offer for all outstanding shares of common stock (including associated rights) of Newport News Shipbuilding Inc. to midnight, EDT, on July 6, 2001. The offer was previously scheduled to expire at midnight, EDT, on June 22, 2001. delivery) of Newport News had been tendered. Dynamics is awaiting the requisite governmental approval in order to complete the transaction. for the U.S. Navy and provides life-cycle services for ships in the Navy fleet. employs nearly 17,000 people and has annual revenues of approximately $2 billion. worldwide and anticipates 2001 sales of approximately $11.5 billion. land and amphibious combat systems.

GasLog LNG Services Selects E-learning Solution

Pictured in the center-left, Mr. Theofanis SALLIS, General Manager of Operations of GasLog in Greece, along with Mr. Ioannis ATHANASOPOULOS (center-right), Managing Director of Seagull Greece. On the far left, Mr. Antonios LIAPPIS, Marine HR Manager of GasLog. On the far right, Mrs. Archontia LENI, Competency Assurance Manager of GasLog. (Photo: GasLog)

LNG tanker shipmanagement company GasLog LNG Services Ltd. has selected Seagull Maritime’s e-learning material & Competence Management platform for use fleet-wide, in manning offices and online, along with the Crew Evaluation System for its main office in Greece. GasLog LNG Services Ltd. currently operates a fleet of 23 LNG tankers with an extensive new building program underway. “At GasLog we pride ourselves on our outstanding record of safety, both for our people and the environment within which we work.

1,500 to be Laid Off from Newport News Shipbuilding

Image: Newport News Shipbuilding (NNS)

Layoffs at Newport News Shipbuilding could top 1,500 from now through 2016 as the company copes with a temporary drop in work, the company president told employees this week. In a letter to the workforce, President Matt Mulherin said layoffs will exceed 500 people this year, with more details expected the fall. Next year, job cuts will "likely" exceed 1,000, he said. Those layoffs wil be announced as work drops across the yard. The cutbacks will hit both salaried and hourly workers. There will also be other cost reduction measures.

Over 100 graduate out of I.T.S. “Fondazione G. Caboto”

Diplomi Caboto 2017 Photo  I.T.S. Caboto

I.T.S. “Fondazione G. Caboto” continues its incredible growth, counting over 100 graduates following the ceremony held on Friday, February 17th, for the 41 young students who achieved their diplomas in December 2016. This historical milestone confirmed the winning formula of the “I.T.S.” tertiary education model and the Caboto institute in particular, which brings the world of education closer to the labour market and guarantees employment. As per tradition, the graduates awarded…

HII Creates Nuclear Services Company SN3

Combining Huntington Ingalls Industries’ (HII) S.M. Stoller Corp. and Newport News Nuclear subsidiaries, the company has created Stoller Newport News Nuclear (SN3), a full-service nuclear operations and environmental services company. "Formation of SN3 is a logical next step in the post-acquisition process of fully integrating our people and capabilities to achieve our business goals," said Pete Diakun, vice president, energy programs at HII's Newport News Shipbuilding division.

Tony Bon: From Yarn Handler to CEO

Tony Bon (Photo: Samson)

January of 2017 saw the retirement of one of the veterans of the Samson family. Tony Bon, CEO through 2015 retired as of December 31, 2016. Bon shares his impressions of the time he’s been with Samson and the high points of both the company and the industry it serves. In the Navy they have an expression to describe a captain that moves up through the ranks: “He came up through the hawse pipes.” Bon’s journey to the corner office at Samson is a similar story. In 1974, after leaving Berklee College of Music in Boston, Bon needed a job.

UK Ferry Service Saved by the Community

Ferry Brigantia: Photo courtesy of Bristol Ferry Co.

The Bristol Ferry Boat Company went into administration last November, and needed to raise £250,000 from investors by 31 July, but it surpassed that target, topping £300,000. According to  BBC News, citing ferry boss Ian Bunguard, more than 600 people had bought the shares - starting at £100 - with many being bought by people living in the city, and the ferry was now in a very strong position. Bristol Ferry Boat Company went into administration last year but its five blue and yellow passenger boats were bought by a consortium of investors.

MOL Group Eyes Talents for Its GROWWW Program

Pic: MOL Group

GROWWW, MOL Group’s award winning recruitment and development programme is looking for talents again in 2017. Fresh graduates and young professionals with up to one year experience who plan their career with one of the largest corporations in the Central Eastern European region will have a unique opportunity to pursue their goals. In line with the MOL Group 2030 strategy, the company looks to the future and aspires to provide the best and most desirable services to people on the move, and in order to achieve these goals, MOL Group needs new and open-minded talents more than ever.

Northrop Grumman Annual Shipyard 5K Fun Run/Walk

 Photo courtesy Northrop Grumman

More than 400 employees, their family members and friends participated in Northrop Grumman Corporation's (NYSE:NOC) 5K Fun Run/Walk. The event was held at the company's Shipbuilding sector in Newport News, Va. on Oct.2. Jim Hughes, Newport News' vice president of aircraft carrier overhaul and carrier fleet support, welcomed shipbuilders and their families to the 5K. "This event is one of the many that we're doing this year as a part of our 2010 focus on our people," said Hughes. "What better things to focus on with our people than health, safety, wellness and quality of life.

Hyundai Heavy Union on Path to Strike

An LNG vessel being built at Hyundai Heavy Industries in Korea. Photo Credit: HHI

The labor unions of Hyundai Heavy Industries (HHI) downed tools in their first full strike since 1994, in protest to a sweeping restructuring plan that includes spinoff all non-shipbuilding operations as well as shutdown of a dock in Gunsan in southern coastal region. According to Yonhap News Agency reports the other reason for the industrial strike was failed wage negotiations. Although 15,000 union members were invited to take part in the eight-hour strike, only ten percent of workers participated in it. The labor unions’ employees started a strike for eight hours from 8 a.m.

At Least 50 Dead in Chinese Port Blast, 700 Injured

Two huge explosions tore through an industrial area where toxic chemicals and gas were stored in the northeast Chinese port city of Tianjin, killing at least 50 people, including at least a dozen fire fighters, officials and state media said on Thursday. At least 700 people were injured, more than 71 seriously, the Tianjin government said on its Weibo microblog, and the official Xinhua news agency said two fires were still burning. Wednesday night's blasts, so large that they were seen by satellites in space, sent shockwaves through apartment blocks kilometres away in the port city of 15 million people. Internet videos showed fireballs shooting into the sky and the U.S. Geological Survey registered the blasts as seismic events.

Chinese Port Blast Kills 50, Injures 700 More

Two huge explosions tore through an industrial area where toxic chemicals and gas were stored in the northeast Chinese port city of Tianjin, killing at least 50 people, including at least a dozen fire fighters, officials and state media said on Thursday. At least 700 people were injured, more than 71 seriously, the Tianjin government said on its Weibo microblog, and the official Xinhua news agency said two fires were still burning. Wednesday night's blasts, so large that they were seen by satellites in space, sent shockwaves through apartment blocks kilometres away in the port city of 15 million people. Internet videos showed fireballs shooting into the sky and the U.S. Geological Survey registered the blasts as seismic events.

Night-Service HK Jetfoil Hits 'Object', 85 Injured

Jetfoil Madeira: Image CCL

About 85 people have been injured, six of them seriously, when the high-speed ferry hit an unidentified object while travelling to the gaming mecca of Macau reports BBC News. The accident, which threw many of the 100+ passengers out of their seats, happened in the early hours of the morning near the island of Hei Ling Chau, while the jetfoil, operating at normal speed, was on a routine voyage from Hong Kong to Macau. Following the incident the jetfoil was towed back to the ferry terminal in HK, reports BBC News citing  Hong Kong officials.

NNS Squabble Seen Settled In Washington

With General Dynamics Corp. and Northrop Grumman Corp. battling for Newport News Shipbuilding Inc. both the Pentagon and Virginia's powerful delegation in Congress are ready to step into the fray over who buys the nuclear-capable contractor. Defense Department officials are likely to weigh the cost benefits of each deal, questioning which combination would lower the price of nuclear-powered vessels for the U.S. Navy. Virginia's elected representatives will eye the acquisition's effect on jobs, and the warfare technology research funds that the shipbuilder, based in Newport News, Virginia, draws into the state. "This thing has become a political game now," said a veteran defense industry antitrust lawyer, who asked not to be named.

BC Shipyard General Worker's Federation Calls for More Ships

The sinking of a BC Ferry has the BC Shipyard General Worker's Federation pushing for more ships to be built as soon as possible. News 1130 reported that Federation President George MacPherson says BC Ferries is behind by 10 years, and more replacement ships need to built to avoid any more catastrophes. According to the federation, building three more ferries would cost the company $428 million and would create thousands of jobs for people in BC. (Source: News1130)

Maritime Reporter Magazine Cover Feb 2017 - The Cruise Industry Edition

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