Centennial of the Canadian Navy
The Canadian Navy was established as a separate force in 1910. In celebration of the 100th year of the Canadian Navy, the Maritime Forces Atlantic (MARLANT) is hosting…
Task Force Opposes Repeal of Jones Act
The Maritime Cabotage Task Force stated that it opposes legislation to repeal the Jones Act, saying that all the McCain bill would do is put more Americans out of work.
Noble Buys Frontier, Deals With Shell
According to a June 28 report from Forbes, Noble is purchasing FDR Holdings, taking advantage of the oil and gas exploration and production industry's cheap valuations…
Ship Equip’s 1000th Order for SEVSAT
Ship Equip announced the 1000th order for its SEVSAT system. The SEVSAT solution (which stands for Ship Equip VSAT) provides reliable and cost-effective satellite…
Gladding-Hearn Receives Industry Safety Award
Gladding-Hearn Shipbuilding, Duclos Corporation, was a recent recipient of the Improvement In Safety award for 2009 from the Shipbuilders Council of America (SCA). To qualify for the award, the Somerset, Mass., shipyard submitted four quarters of SCA-required employee health and safety data, documenting a required minimum 10% reduction in Total Recordable Incident Rate (TRIR) throughout 2009. Gladding-Hearn’s TRIR declined almost 37% from the previous year.
Headhunter, 8 New Approvals for Sewage Treatment
Headhunter, specialists in plumbing and sanitation for the luxury yacht and commercial marine industries, has received eight certificates of approval for new models…
Bourbon 2015 Leadership Strategy
The Bourbon 2015 Leadership Strategy consists of further investing in innovative and cost effective vessels to satisfy customers’ increasing focus on safe and efficient…
New Business to Focus on Offshore Wind
A new business, O-Power (OP), will develop new technology in offshore engineering and hopes to make a significant contribution to the rapidly growing offshore wind market.
What You & Your CFO Should Know
Richard J. Paine, Sr. is the President of Marine-Finance.Com, a maritime consulting firm specializing in the financing and leasing of commercial marine vessels and other equipment. He can be reached at [email protected] or 516-431-9285. That glimmer on the horizon that you see is the first indication of a return to some normalcy in the marine lending marketplace. But don’t confuse it with a full-fledged sunrise, it is far from that. It is merely a tease, a harbinger of things to come.
Bourbon $545M Deal for 16 Supramax Carriers
Bourbon announced that its subsidiary Setaf SA has signed a $545m sale agreement for 16 bulk carriers with U.S. group Genco Shipping and Trading Ltd. The closing is expected by end of July 2010.
Fifth USS Arizona Memorial Ferry Boat for Navy
The Navy officially accepted delivery of the fifth USS Arizona Memorial passenger ferry boat from Modutech Marine Inc. of Tacoma, Wash., June 25. This vessel is one of six boats being procured to replace the existing ferry boats that have reached the end of their service life. The boats, procured for the National Park Service by the U.S. Navy's Program Executive Office (PEO) Ships, serve as a ferry service to shuttle visitors to and from the memorial, and continue to support the U.S.
Huntingford, Davenport Join Capilano Maritime
Capilano Maritime Design Ltd., a naval architecture design firm based in North Vancouver, BC, Canada announced that John Huntingford has recently joined the firm as Senior Structural Designer. Huntingford gained experience in the maritime industry as an Outfit Designer for Kvaerner Masa Marine where he worked on design projects for the State of Maine and Alaska, as well as patrol vessels for Australia.
Virtual Christening of UOS Atlantis
"I hereby christen you UOS Atlantisand wish you always calm seasons." With these words and a bursting champagne bottle, Gesine Frerichs, assistant to the management of Hartmann Offshore GmbH, performed the honors at the ‘Virtual Christening’ of Hartmann’s newly build MOSS 424-type Anchor Handling Tug Supply vessel at Nautitec's Transas Full Mission Bridge Simulator in Leer, Germany. The UOS Atlantis is the first in a series of AHTS vessels currently under construction.
This Day in Coast Guard History – June 29
1820-On 29 June 1820 the Revenue cutter Dallas captured the 12-gun brig-of-war General Ramirez, which was loaded with 280 slaves, off St. Augustine. "On the 28th ultimo…
This Day in Naval History – June 29
1925 - Ships and men from 11th and 12th Naval Districts assist in relief after earthquake at Santa Barbara , CA 1950 - Truman authorizes sea blockade of the Korean coast 1950 - USS Juneau fires