Sunken Treasure Hunter Merges Businesses
Underwater searchers for treasure, Blue Water Ventures International, Inc., combines with SmartPay Express, Inc. As a result of these transactions, Blue Water Ventures will now be in the business of searching for and recovering historical cultural artifacts, intrinsically valuable cargo and treasure from shipwrecks, primarily in shallow water in the Caribbean and off the coasts of Florida, the business engaged in by Blue Water since 2005. SmartPay Express, Inc.,has changed its name to Blue Water Ventures International, Inc. (the "Company") in anticipation of the exchange of 18,136,500 shares of its common stock for the assets of Blue Water Ventures International, Inc. ("Blue Water). The transaction, closed on June 15, 2012, and on the same day, in a separate and unrelated transaction, the Company also disposed of its smart card business in the People's Republic of China in exchange for the unrelated purchaser's assuming the Company's liabilities relating to that business. Also as a result of these transactions, Blue Water now holds 18,136,500 shares of the Company's common stock, or approximately 93.3% of the Company's 19,428,666 issued and outstanding shares of common stock, which it anticipates distributing to its shareholders pro rata. W. Keith Webb, the founder and President and Chief Executive Officer of Blue Water, was the beneficial owner of more than a majority of Blue Water's issued and outstanding shares of common stock and
Shipwreck Recovery to Commence in August
Florida-based Swordfish Partners and Deep Blue Exploration have contracted Blue Water Ventures International to recover potentially valuable artifacts and coins from a shipwreck site off the coast of North Carolina the parties believe to be the 1838 sinking of the steam paddle wheeler, Pulaski. Endurance discovered the site of the loss and the shipwreck is currently subject of a Swordfish Partners admiralty claim in the U.S
Teekay Saves Fuel with Cargo Heating Management
Two years after Teekay entered into a contract with Blue Water to provide cargo heating management services onboard its vessels in, its fleet has registered fuel savings in excess of 25% on an average from over 225 voyages. The cargo heating management services were deployed onboard its vessels as part of Teekay’s efforts towards fuel savings and operational optimization. The service was conceptualized by the India-based marine consultancy firm, Blue Water Trade Winds Pvt. Ltd
XL Group’s Marine Unit Expands Hull Insurance Resources
XL Group plc’s (NYSE: XL) North American Marine business expands its blue water hull risk management capabilities in New York with the addition of Siobhan Coen and Jeff Loechner as senior underwriters and Eileen Fellin as a senior claims consultant. According to Rich DeSimone, President of XL Group’s North America Marine business, “Siobhan, Jeff and Eileen collectively add nearly six decades of hull underwriting, particularly in blue water hull coverages
DONG Energy Expands in the Port of Esbjerg
The positive development within the offshore industry has made its impact on DONG Energy, which is a significant player in the market. The increased activity has made it necessary to extend the company's office and storage facilities in the Port of Esbjerg. Therefore, DONG Energy has entered into an agreement with Blue Water Shipping to expand the two companies' existing lease agreement. Blue Water Shipping will invest around DKK 55 million in the renovation and rebuilding to
Industry Event to Explore e-Navigation
e-Navigation and the Gulf Area: Meeting Information Needs Where Blue Water, Brown Water and Port Facilities Intersect An event examining the role, development and trends in maritime e-Navigation is scheduled for October 17-19, 2016 at the San Jacinto College Maritime Campus in La Porte, Texas. Hosted by San Jacinto College and Seamen’s Church Institute, and organized by the Danish Maritime Authority and the International Association of Marine Aids to Navigation and
FLIR Introduces MU-Series Thermal Imaging Technology
FLIR Systems, introduces the MU-Series, a thermal night vision system. The multi-sensor payload comes with a cooled midwave infrared, high-resolution 640 x 512 thermal camera and a high-resolution color camera.Other options include a low-light black and white camera to help with low-light situational awareness and a wide field of view uncooled longwave infrared, high-resolution 640 x 480 thermal camera to maximize MU-Series’ spectral range.
XL Appoints Regional Vice President in New York
XL Group added marine underwriting expertise with the addition of John E. Ellis as Regional Vice President in its North America Marine business in New York. In his new role at XL Group, John will be responsible for managing and building XL Group’s Marine Cargo, Primary and Excess Marine Liability, Inland Marine, and Blue Water and Brown Water Hull business throughout the Northeast. John joins XL Group from International Marine Underwriters/One Beacon where he held the position of
Not 'Divers Abandon Boat', But 'Thai Boat Abandons Divers'
An East Valley couple vacationing to celebrate their first anniversary found themselves abandoned in the ocean, after a dive trip went wrong off the coast of Thailand, reports KHOU.com, Houston, Texas. Lexa and Jake Mendenhall recently became certified scuba divers, and were looking forward to their first real dives in the blue waters off Thailand. They made two one-hour dives, and all was well until they surfaced. Their boat was gone.
Two VARD Module Carrier for Topaz Energy and Marine
Vard Holdings Limited has secured a contract for the design and construction of two additional Module Carrier Vessels for Topaz Energy and Marine (“Topaz”). The vessels, of VARD 9 21 design and measuring 123 by 16.5 meters, are sister ships of a series of 15 identical Module Carrier Vessels previously contracted by Topaz for delivery from VARD’s shipyards in Tulcea and Braila in Romania, and Vung Tau in Vietnam
Blue Denmark Maintains Strong Position
Accounting for almost one-fourth of total Danish exports, Blue Denmark is Denmark's most important export sector. A total of almost 100,000 persons are employed in Blue Denmark. A new report drawn up by the Economic Council of the Labour Movement for the Danish Maritime Authority shows that Blue Denmark still holds a strong position. According to the report, Blue Denmark exports worth DKK 250 billion a year, corresponding to 22.4 per cent of total exports.
DMA Afloats Ambitious Project Blue INNOship II
Digitalisation and new business models will be in focus of the research and innovation project Blue INNOship II, which was included in the recommendations of the Maritime Strategy Team. A steering group counting participants from Danish Maritime, Danish Shipping, the Danish Metalworkers’ Union, the Danish Maritime Authority, DTU, CBS and Force Technology have – through the Danish Maritime Fund – created the basis for initiating the work through the hiring of a
Helm CONNECT Secures ClassNK Type Approval
Canadian maritime software company, Helm Operations, a ClassNK subsidiary, sai dit has earned Class Type Approval for its planned maintenance software, Helm CONNECT. On September 1, 2017 after a detailed review process, Nippon Kaiji Kyokai (ClassNK), issued a Type Approval Certificate for Helm CONNNECT as a recognized planned maintenance software system. ClassNK is a member of the International Association of Classification Societies (IACS)
New Freshwater Generator Slashes Power Consumption
When it was introduced in 2008, Alfa Laval’s AQUA freshwater generation technology cut seawater needs and pump-related power consumption in half. With today’s AQUA Blue S-type, the need for electrical power is further reduced – to just one-third that of conventional freshwater generators. The new AQUA Blue S-type uses the same three-in-one AQUA plate technology as the original C-type configuration
Blue Water Ventures JV with Under Marine Group
Blue Water Ventures International, a historic shipwreck research and recovery company, has entered an agreement with Under Marine Group to joint venture on future deep water wreck sites located in and around the waters of Great Britain and the Caribbean. Blue Water and Under Marine Group will be collaborating with shipwreck researchers to pinpoint locations of interest. Under the terms of the agreement
Wary of Trump unpredictability, China ramps up naval abilities
* China navy beneficiary of signficant spending in recent years * China still lags U.S. but building towards blue water navy * PLA Navy more visible in South and East China Seas, Indian Ocean By Ben Blanchard and Michael Martina BEIJING, Feb 26 (Reuters) - The PLA Navy is likely to secure significant new funding in China's upcoming defence budget as Beijing seeks to check U.S. dominance of the high seas and step up its own projection of power around the globe.
Offshore Innovation: A Real ‘Riverboat’
Central Asia is a booming oil region not far from the Persian Gulf. Energy companies ply the big lake to rack up staggering barrel counts at elephantine oilfields with names like Tengiz (Kazakhstan) or Kashagan (Azerbaijan). Painstaking, oil-fueled nation-building is underway across an oil province, where very shallow water hinders plant and equipment moves by platform supply vessels. Until now — new module-carrying vessels
Arctic Ice Sets New Record Low for Winter
The extent of sea ice in the Arctic Ocean has set a new record low for the wintertime in a region strongly affected by long-term trends of global warming, U.S. and European scientists said on Wednesday. Sea ice around the North Pole expands to its biggest extent of the year in February or March after a deep freeze in the winter polar darkness and shrinks to the smallest of the year in September, at the end of the brief Arctic summer.
Poseidon Meets Substantial Water Needs
Large offshore vessels and drilling platforms have atypical water demands. Daily personal use often pales in comparison to shipboard and production operation needs. FCI Watermakers' high-output Poseidon+ produces 54–103m3/14,265–27,210 gallons of fresh, pure water per day. Engineered and manufactured in the U.S., the Poseidon+ is constructed to run non-stop, 24/7, and its components are chosen specifically for their reliability and resultant ease-of-mind, according FCI
ABS' Howard Fireman Weighs in on the US Brown Water Sector
Howard Fireman, Senior Vice President and Chief Technology Officer, joined the American Bureau of Shipping (ABS) in 2013. Fireman is responsible for leveraging the latest advancements in technology to drive the development of innovative products and services that promote safety and improve the delivery of class services in the marine and offshore industries. Since joining ABS, Fireman has also served as President of the ABS Nautical Systems Fleet Management Software product line where he has
Partnerships Drive SubChapter M Solutions
Management software: vendors, consultants, class strive to provide turnkey service. Unless you’ve been lost at sea for the last few years, you know about Subchapter M. You know the June publication of the U.S. Coast Guard’s regulations for ensuring minimum safety standards on tows and tugs, which will extend inspection requirements to the majority of these vessels for the first time, moved the long-awaited, and in some cases
Owners Urged to Verify Safety of Deck Machinery for Polar Operation
With the Polar Code now in force, Thordon Bearings has urged shipowners and managers to verify that their vessels’ deck machinery and systems can operate safely in the extreme temperatures encountered in Arctic and Antarctic seas. Scott Groves, Thordon Bearings Regional Manager – Americas, said: “Conventional bronze bearings commonly found in everything from fairleads and lifeboat davits to winches and hoists require frequent maintenance and grease lubrication to ensure
NASSCO Christens Yard Tug Blue Fin
U.S. shipbuilder General Dynamics NASSCO has taken delivery of a new tug, Blue Fin, to support its waterfront activities. The new tug, built by Marine Group Boat Works in National City, Calif., was christened July 8 at a ceremony at NASSCO’s shipyard in Barrio Logan in San Diego. Bonnie Fanelli, the wife of 43-year NASSCO employee and assistant dockmaster Tom Fanelli, christened the tug. The name Blue Fin was selected for the new tug after NASSCO invited local K-8 students to
The Evolving ATB Jones Act Business Model
Today’s ATB play seemingly has legs for the long haul, as operators build and market needs fluctuate. The refined product trades are always in flux. Similarly, the supply patterns for products (and for chemicals derived from oil refining) are subject to constant change. At the same time, the distribution of refined petroleum products sees great benefit from the efficiency of Articulated Tug Barges (ATBs)
Danish Shipping's New Guide to BWM
Danish Shipping launches a new guide regarding the implementation of the Ballast Water Management Convention, which will enter into force on 8 September 2017. In a few days, the Ballast Water Management Convention will enter into force. In future all new built ships must be equipped with a ballast water treatment system. For existing ships, systems must be installed as from 8 September 2019 to 8 September 2024.