Travelers Names Ray Martino President of Ocean Marine
HARTFORD, Conn., August 11, 2011 – The Travelers Companies, Inc. is pleased to announce the appointment of Raymond T. Martino as the President of its Ocean Marine business unit. Martino is responsible for the overall leadership and management of Travelers Ocean Marine, which provides highly specialized property and liability insurance products for maritime-oriented risks including commercial hulls, cargo, luxury yachts, port authorities, shipbuilders and numerous other specialized exposures.
Energy-Saving Propeller Boss Cap Fins System
Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) and MOL Techno-Trade, Ltd. (MOL Tech; President: Hidehiro Harada) today announced that the energy-saving Propeller Boss Cap Fins (PBCF), developed by MOL, West Japan Fluid Engineering Laboratory Co., Ltd., and Mikado Japan, Ltd., and sold by MOL Tech, has now been ordered for 2,000 vessels worldwide. The PBCF is an energy-saving device attached to the propellers of a vessel.
Costa Cruises Resumes Ops in Japan
Costa Cruises has resumed its Japan itineraries. On August 26th, 2011 Costa Classica will be leaving Shanghai for a 4-day cruise calling at Fukuoka (Japan), Cheju…
Transocean Ltd. Announces Schedule for Second Dividend Installment and Currency Election Period
Transocean Ltd. (NYSE: RIG) (SIX: RIGN) today announced the schedule for the second installment of its dividend of approximately U.S. $1 billion to be paid out of additional paid in capital.
NOL Group reports $67m loss in 1H 2011
Global container shipping and logistics group Neptune Orient Lines (NOL) reported a net loss of $67 million for the first half of 2011 compared to a $1 million net…
Digi Adds Iridium Satellite Connectivity to Versatile ConnectPort X5 R Rugged Gateway
MINNETONKA, Minn. (Aug. 11, 2011) - Digi International (NASDAQ: DGII) today announced that its ConnectPort® X5 R is now certified to use the Iridium satellite network for global…
Shipowners’ Club Launches Simplified, All Risk Policy for Yachts
The Shipowners’ Club, one of the few P&I Clubs to offer specialist yacht insurance, has taken a new approach to yacht liability, offering an All-Risk policy that…
Aker Solutions Announces Strong Backlog
Aker Solutions' operating revenues in the second quarter of 2011 were NOK 7.8 billion. Earnings before interest, tax, depreciation and amortisation amounted to NOK 636 million.
Sea Tow Is Named Marinalife’s Official Towing Partner
Southold, N.Y., August 11, 2011 – Sea Tow Services International, Inc., the nation’s leading marine assistance provider, announces a new partnership with Marinalife…
HII Awarded $56.5m CVN 79 Contract Modification
Huntington Ingalls Industries, Inc. (NYSE:HII) received a $56.5 million contract modification, under a previously awarded contract, for continuation of long lead time material procurement associated with construction of the nuclear-powered aircraft carrier John F. Kennedy (CVN 79). The company's Newport News Shipbuilding division is the prime contractor. "This award continues our efforts to plan and prepare for construction of John F.
NASSCO Awarded $24.5m Contract Modification
National Steel and Shipbuilding Co., San Diego, Calif., is being awarded a $24,536,862 modification to previously awarded contract (N00024-08-C-4410) for USS Harpers…
HMS Completes Purchase of American Queen
HMS Global Maritime completed the purchase of the steamboat American Queen. Built in 1995, the American Queen, at 419-feet long, is the largest, most opulent riverboat…
This Day in Naval History - Aug. 11
1812 - USS Constitution captures and destroys brig Lady Warren. 1877 - Professor Asaph Hall of Naval Observatory discovers first of two satellites of Mars. He found the second one within a week.
USS San Juan Undocked Ahead of Schedule
Portsmouth Naval Shipyard (PNSY) undocked USS San Juan (SSN 751) one day ahead of schedule Aug. San Juan and its crew of 13 officers and 121 enlisted personnel arrived at PNSY Apr. 8, 2010. While at the shipyard, the sub is undergoing an engineered overhaul consisting of various maintenance work and several system upgrades. "San Juan is poised for a successful end game," said Shipyard Commander Capt. Bryant Fuller.
Gladding-Hearn Delivers New Ferry for Fire Island, NY
Gladding-Hearn Shipbuilding, Duclos Corporation, has delivered a new high-speed ferry to Fire Island Ferries, Inc., on the south shore of Long Island in New York. The new 387-passenger, all-aluminum, mono-hull ferry is a further refinement of a vessel design concept optimized by Fire Island Ferries since the early 1970s to operate on the 20-minute crossing on the shallow Great South Bay. With an emphasis on economy…
Offshore Vessel Named in Norway
The offshore construction vessel, Island Intervention, of the SX121 design from Ulstein was named. Shipowner Island Offshore has great expectations for the new vessel, which will carry out advanced operations in the Norwegian Sea this autumn. “Island Intervention will become an important addition to our fleet. This autumn, the vessel will be installing a series of production trees on the seabed in the Norwegian Sea for a Norwegian oil company.
Diana Shipping: Time Charter Contract for M/V Boston
Diana Shipping Inc. (NYSE:DSX), a global shipping company specializing in the transportation of dry bulk cargoes, has entered into a time charter contract with Morgan Stanley Capital Group Inc.…
Mastry Supports USCG With Engine Training
Mastry Engine Center is well-known for its comprehensive training programs for recreational boat owners, dealers, the Navy and other customers. Recently Mastry expanded its scope, providing three-day training sessions for the US Coast Guard. Its first class included 15 USCG attendees from across the country, all currently serving on USCG cutters with Over the Horizon (OTH) craft on board. These are smaller…
Caterpillar Offer 3500C Tier 3 Marine Power Solutions
Caterpillar Marine Power Systems is pleased to announce starting in January 2012, the legendary Cat 3500C marine engines will enter full production meeting United States EPA Tier 3 regulations.
Fazekas Joins Terresolve
Terresolve Technologies, an industry leader in producing environmentally safe lubricants and functional fluids, today announced that Stephen Fazekas has joined the company as director of business development. Fazekas holds more than 21 years of industrial experience in the areas of market development, management, direct sales and engineering. At Terresolve, Fazekas will explore new market opportunities…