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.
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…
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.
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.
CS Unitec's Hydraulic Reciprocating Saw Quickly Cuts Metal and Wood
Hydraulic power for marine, mining, subsea, utility, construction and demolition applications. CS Unitec’s powerful 2 HP Hydraulic Reciprocating Saw is designed for fast…
Atlantic Towing Expands Fleet
St. John’s NL - Atlantic Towing Limited (ATL), a global marine service provider based in Atlantic Canada, has announced the addition of the Atlantic Raven – a 14,400 hp UT 722 Offshore Supply Vessel.
Magnetic Tape Encoders Mount Directly to Large Shafts for Speed, Position Monitoring
Southington, Conn. -- August 11, 2011... For speed and position monitoring on large diameter shafts, Baumer introduces their HDMag line of high-precision, bearing…
MTS Houston Section Barbecue: October 20, 2011
This year’s MTS Houston Section Barbecue will be held on October 20, 2011 at Thrustmaster of Texas’s North Houston location off 290/FM529. This major fund-raiser event attracts over 400 participants…
MTS Houston Lunch: Impact of GOM O&G Industry on Jobs
The next MTS Houston Section luncheon will be held on August 25 2011 and will feature a presentation by Paul Hillegeist, Quest Offshore. Paul will provide an overview…
Samson Awarded 11th Patent
Samson was awarded a patent titled Line Structure for Marine Use in Contaminated Environments. This technology was developed by Samson while partnering with Delmar…
DeSimone Named President XL Insurance
XL Insurance, the insurance underwriting operations of XL Group (NYSE: XL), appointed Richard DeSimone as President of its US Ocean and Inland Marine unit. DeSimone…
Pfeifer New President, COO of Marine Travelift
Marine Travelift has announced the promotion of Erich Pfeifer to President and Chief Operating Officer beginning August 10, 2011. Erich Pfeifer is succeeding the company’s President and CEO for the past eight years, Steve Pfeifer. Steve Pfeifer will remain Marine Travelift’s CEO and will continue to serve the company in a strategic and advisory role. Erich Pfeifer joined Marine Travelift in 2003 as…
TEN Execs Authorize Common Share Repurchase Program
Tsakos Energy Navigation Limited (TEN) announced that its Board of Directors has authorized a new share repurchase program on the company’s common shares allocating…
GPA and Logistec Partner to Upgrade East River Terminal
The Georgia Ports Authority and Logistec USA, Inc. signed an agreement today to modernize the East River Terminal at the Port of Brunswick and facilitate the growing…
Siemens to Supply Propulsions Systems for PSVs
Siemens Industry, Inc. announced today that it has been awarded a multi-million dollar contract to equip two platform supply vessels (PSVs) with its diesel electric…
Coast Guard Publishes NPRM
The U.S. Coast Guard announced Thursday publication in the Federal Register of a notice of proposed rulemaking (NPRM) designed to improve safety on towing vessels.
NRS and GL Sign Agreement
Norddeutsche Reederei H. Schuldt (NRS) and Germanischer Lloyd (GL) signed a cooperation agreement today covering all areas of classification as well as flag state…
Turku Shipyard Begins Production on Cargo Vessel
This morning, STX Finland’s Turku Shipyard began production of the multipurpose deck cargo vessel ordered by Oy Gaiamare Ab. NB 1379 is an environmentally-friendly…
GL Develops E-Learning Tool for MLC 2006
As the date of entry into force of the Maritime Labor Convention, 2006 (MLC 2006) rapidly approaches, shipowners, managers, crewing agencies and seafarers are starting…
Huntington Ingalls Reports 2Q Earnings
Huntington Ingalls Industries, Inc. reported second quarter 2011 sales of $1.56 billion, down 2.9 percent from the same period last year, and operating margin of 5.8 percent…
