Crowley Gives Scholarships to Two Student Employees
Crowley Maritime Corporation recently awarded Thomas B. Crowley Sr. Memorial Scholarships to two University of North Florida (UNF) students who are also currently part-time employees with the company. UNF seniors Olivia Musselwhite and Matthew Petrone each received $2,500 towards their continued education. Leonora Bojko-Sosa and Kathy Lonetto, human resources representatives for Crowley, recognized…
HII Announces Pricing of 5% Senior Notes Due 2021
Huntington Ingalls Industries, Inc. (HII) announced today that it will sell $600 million aggregate principal amount of 5% senior notes due 2021 at a price of 100% of the par value. The company said it intends to use the net proceeds from the sale of the notes to pay the consideration for the previously announced cash tender offer and consent solicitation with respect to HII's outstanding 6.875% senior notes due 2018…
Naiad Launches Electric-powered Fin Stabilization Systems
Naiad Dynamics, an international manufacturer of ship motion control technologies, has introduced the first products in its new line of electric-powered stabilizer systems designed for use on ships operating both AtSpeed and AtRest. “These new stabilizers are a modern refinement of electric-powered stabilizers Naiad first developed for naval applications in 2008,” said John Venables, CEO of Naiad Dynamics.
Langh Ship Elects New Managing Director
Oy Langh Ship Ab will receive a new managing director at the turn of the year, when the current managing director, Hans Langh, takes over as Chairman of the Board for the shipping company. Laura Langh-Lagerlöf has been elected as the company’s new managing director, effective January 1, 2015. The shipping company’s current Chairman of the Board, Tom Niemi (MSc Tech, chemical engineering), thanks Hans…
Stolt-Nielsen Buys One Million of Its Common Shares
Stolt-Nielsen Limited announced today that on November 18, 2014, it agreed to purchase one million of its common shares through a private tender of shares at a price of NOK 110 per share.
CMA CGM’s Seasonal Fruit Service Returns
The CMA CGM Group announced its Citrus Express seasonal service will start again in November. Spread over two rotations, this service enables to export citrus fruits and apples from East Mediterranean to the Black Sea. It will call the ports of Syria, Turkey and the Black Sea from November to January, then Egypt, Syria, Turkey and the Black Sea from January to April. According to CMA CGM, the citrus market is growing and benefits the export countries.
Deltamarin Contributes to Arctic Carrier Design
Deltamarin Ltd. has provided Aker Arctic Technology Inc. with design services for two polar class heavy deck carrier ships intended for carrying heavy project cargos in large modules to Yamal LNG plant construction site on the Russian Yamal peninsula. Aker Arctic, the main contractor for the design of the vessels, has developed the ship concept with its client ZPCM-Red Box Energy Services and provides the basic design for Guangzhou Shipyard International Co. Ltd.
Great Lakes Coal Up 9% in October
Coal shipments on the Great Lakes topped 3 million tons in October, an increase of 9 percent compared to a year ago, while shipments also outpaced the month’s long-term average by 75,000 tons, the Lake Carriers’ Association reported. Shipments from Lake Superior ports totaled 1.7 million tons, an increase of 3.5 percent compared to a year ago, and a slight increase over the month’s long-term average.
Study: US Offshore Holds Huge Untapped Potential
Two new studies released today by the National Ocean Industries Association (NOIA) and the American Petroleum Institute (API) show significant potential added energy and economic benefits to the United States if the Eastern Gulf of Mexico and the Pacific outer continental shelf (OCS) were opened to offshore oil and natural gas development. Both studies were conducted by Quest Offshore Inc., which also conducted a study of the Atlantic OCS, which NOIA and API released last year. “The U.S.
USCG, EPA Preparing for ECAs Enforcement
The U.S. Coast Guard (USCG) and U.S. Environmental Protection Agency (EPA) will soon take action to ensure compliance with the forthcoming 0.10 percent fuel sulphur…
Samson Completes Facility Expansions
Samson has completed its 15,000-square-foot expansion at its Ferndale Washington facility. The expansion includes a new Innovation and Training Center (ITC) and several enhancements to the manufacturing area. According to Samson, the ITC was designed to create an environment of collaboration and innovation, now housing the research and development and quality functions, as well as an expanded test lab.
Volvo Penta Debuts New Marine Engines
Volvo Penta today introduced the first two models of its next-generation sterndrive marine gasoline engines. The new 4.3-liter catalyzed V6 engines, rated at 200 and 240 horsepower, will supplement Volvo Penta’s current V6 product line. They debuted at the Marine Dealers Conference & Expo (MDCE) in Orlando, Fla., Nov. 16-19. Volvo Penta will roll out the complete new family of next-generation V6 and V8 gasoline sterndrive engines during 2015 and 2016…
FMC Commissioner Addresses Port Congestion
The U.S. Federal Maritime Commission (FMC) Commissioner William P. Doyle issued a statement today regarding port congestion, as well as the Transpacific Stabilization…
New Agency to Replace S. Korea Coast Guard after Ferry Disaster
South Korea launches a massive new government agency this week to handle emergency rescue and safety management seven months after a ferry disaster killed 304 people and was blamed by President Park Geun-hye on a failed response by the coast guard. The coast guard is being broken up and its search and rescue duties are being moved to the new National Safety Agency that will have more than 10,000 staff and incorporate fire and emergency response teams, the government said on Tuesday.
Samsung Heavy Scraps Samsung Eng Takeover
Samsung Heavy Industries said on Wednesday it has decided to scrap a $2.5 billion stock deal to take over Samsung Engineering, potentially complicating restructuring plans by parent Samsung Group ahead of a looming succession. Shareholders doubting the synergies of the merger had asked the two companies to buy back their stock for a higher-than-budgeted $1.5 billion. This led the deal to unravel, both companies said in regulatory filings.
Long-term Study May Reveal Deepwater Horizon Impacts
The Harte Research Institute (HRI) for Gulf of Mexico Studies at Texas A&M University-Corpus Christi will receive approximately $1.25 million over the next three years to work with Mexican colleagues in the southern Gulf of Mexico to look for residual impacts from the Ixtoc I oil spill of 1979-1980 on coastal areas, fisheries, and the deep sea. This long-term study will reveal what impacts may be in store 30 years after the 2010 Deepwater Horizon spill. Dr.
SC Ports’ Container Volumes Up 17%
The South Carolina Ports Authority (SCPA) announced today that October volumes were up nearly 17 percent year over year, continuing a growth trend in container traffic well above the organization's financial plan. SCPA handled 164,672 twenty-foot equivalent units (TEUs) in October, up from 141,049 TEUs moved during the same month last year. Fiscal year to date, TEU volumes are up 14 percent and nearly 13 percent ahead of plan.
Monjasa Buys Tanker from Eships
The Monjasa Group has purchased a tanker, M/T Eships Bainunah, from Abu Dhabi based Eships, the company announced today. The Turkish-built (2005), IMO-II, 8,000 DWT vessel, which is double hull and fully equipped for bunkering, has been operating for Monjasa on time charter, but is due to become part of Monjasa’s fleet by January 2015, when the group will also begin handling the ship’s technical management.
Lynden to Provide Barge Service for Tulsequah Mine Project
Lynden Logistics, LLC signed a letter of intent with Chieftain Metals Corp. to provide barge services in support of the construction and production of the Tulsequah Mine in British Columbia.
Lockheed Martin Opens Surface Navy Innovation Center
The Surface Navy Innovation Center (SNIC) has been opened by Lockheed Martin to support the development of new technologies for the U.S. Navy. The SNIC is a research…