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Sumitomo And Mitsui Finalize Merger Conditions

Sumitomo Marine & Fire Insurance Co. and Mitsui Marine & Fire Insurance Co. on Tuesday announced terms under which they will merge next October, creating Japan's largest non-life insurer with assets of 5.7 trillion yen ($51.6 billion). In a joint statement, the companies said 1.09 Mitsui Marine shares will be allocated for one Sumitomo Marine share. The merged entity will be named Mitsui Sumitomo Insurance Co. with Mitsui Marine president Takeo Iguchi and Sumitomo Marine president Hiroyuki Uemura serving as co-chief executive officers. Mitsui Marine, currently Japan's third-largest casualty insurer, and fourth-ranked Sumitomo Marine agreed to merge in March. The merged entity will surpass is size current Japanese casualty insurance industry leader Tokyo Marine & Fire Insurance, which has assets of 5.37 trillion yen. Sumitomo Marine's shares on Tuesday closed down 18 yen or 2.44 percent at 721, and Mitsui Marine's closed down eight yen or 1.22 percent at 646. The merger terms were announced after the close of trading.


MN 100: Donjon Marine Co., Inc.

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100 Central Avenue Hillside, New Jersey 07205 Tel: (908) 964-8812  Email: info@donjon.com Website: www.donjon.com President & CEO: J. Arnold Witte The Company: Donjon Marine Co., Inc. offers the marine community full-service solutions to meet every need in the field of marine salvage, dredging, material recycling and related services. Founded in 1964, Donjon Marine’s principal business activities were marine salvage, marine transportation, and related services


ZF Marine Named Supplier of the Year

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ZF Marine has been chosen as one of Mercury Marine’s suppliers of the year. Each year Mercury Marine evaluates over 1,500 suppliers, and selects only 12 to receive this award.  AJ Halavacs, Pleasure Craft Segment Manager, and John Shea, Account Manager, both from ZF Marine were on hand to receive the award from Mercury Marine.  It was presented last month at the Mercury Marine Supplier Conference in Sarasota. Fla


PFI Marine Electric in Dutch Harbor Year Round

Pacific Fishermen Shipyard and Electric, LLC (PFI Marine Electric) announced that it will now be providing year round marine electrical services in Dutch Harbor, Alaska, as well as the Puget Sound area, maintaining marine electricians on site 24/7. Seattle’s PFI Marine Electric shares facilities with Dutch Harbor’s Lunde Marine Electronics to provide marine electrical services in Alaska along with Lunde Marine’s electronic services


Drew Marine Acquires Chemring Marine

Affiliates of Drew Marine (“Drew Marine”) have reached a definitive agreement with Chemring Group PLC (“Chemring”) to acquire Chemring’s maritime interests (“Chemring Marine” or the “Company”) for a cash consideration of £32 million, subject to standard closing adjustments.  Under Drew Marine’s ownership, the business will be named Drew Marine Signal and Safety (“DMSS”).   


MN100: Cummins Marine, Inc.

(Photo: Cummins Marine, Inc.)

The Company: Cummins, Inc. is a corporation of complementary business units that design, manufacture, distribute and service engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems. Cummins has also created a dedicated Cummins Marine organization within the existing Engine Operating Segment. By consolidating its commercial and recreational teams


Jurong Shipyard Chooses AVEVA Marine

AVEVA Group plc (LSE:AVV), providers of engineering design and information management solutions for the plant, power and marine industries, announced that Jurong Shipyard, a subsidiary of Sembcorp Marine has selected AVEVA Marine (12 Series) as their engineering and design solution for major marine and offshore projects. Jurong Shipyard has a long standing relationship with AVEVA. AVEVA Marine (12 Series), is the most modern offering of AVEVA’s marine solutions and has the ability


Orion Marine Wins Caribbean Offshore Mooring Contract

Orion Marine Group, Inc. headquartered in Houston, Texas, announce award of a contract which is worth approximately US$14-million. The contract is for the design and construction of offshore mooring facilities for a liquids terminal in the Caribbean. The project is expected to commence in the 4th quarter and to last approximately 12 months. Orion Marine Group, Inc. provides a broad range of marine construction and specialty services on, over and under the water along the Gulf Coast


Reflex Marine Launches Service Center

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Reflex Marine, producer of the industry-leading Frog and Toro personnel carriers and expert in marine personnel transfer, continues to expand its global network of Accredited Service Centres (ASCs) with the launch of its latest Center in Canada. Nord Marine Services Ltd, a supplier of marine safety equipment, has been appointed to operate the new Accredited Service Center in Mount Pearl, Newfoundland.  As a result Canadian operators will be able to access local maintenance


IMUA Names Award-winning Marine Underwriter

Gina Domitrovich, AMIM, Senior Marine Underwriter, AIG Global Marine & Energy, is the first recipient of the new American Marine Claims Award, by Inland Marine Underwriters Association’s (IMUA). The award presentation was made closing ceremonies during IMUA"s 83rd Annual Meeting held in Buckhead, Atlanta, GA. As the winner of the American Marine Claims Award, Ms. Domitrovich will receive a $2,000 cash award and a stipend towards attendance at the International Marine Claims


Southern Illinois Transfer Orders Harbor Tug

Photo courtesy of Twin Disc

Barbour JB Shipyard of St. Louis has laid the keel for a new harbor tug that will be powered by Veth Z-drives. The purchase agreement was signed at the Inland Marine Expo, St. Louis, by Kurt Johnson, Southern Illinois Transfer president and owner of the vessel; Guido Davids


Gulf Petrochem Sets Up Russian & Baltic Trading Desk

Boris Kuftyrev (Photo: GP)

Gulf Petrochem Group (GP) has further strengthened its European bunkering division by establishing a Russian and Baltic trading desk within the Rotterdam office. Boris Kuftyrev has been appointed to manage this desk overseen by Chris Todd in Europe’s largest bunkering port, Rotterdam.


Glosten Debuts New Harbor Tug Design

Image: Glosten

Seattle-based marine consultancy Glosten has unveiled the HT-67: a new 67' ASD (Z-Drive) harbor tug designed for versatility of service on inland and near coastal waters. Outfitted with a tow winch and pin box/stern roller assembly, this tug can tow astern as efficiently as a conventionally


Parade Of Ships Kicks Off Fleet Week in New York

Photo: United States Navy

 U.S. Army Garrison Fort Hamilton held a salute to the participating ships of 2017 Fleet Week New York (FWNY) during the official Parade of Ships kickoff May 24.    Amphibious assault ship USS Kearsarge (LHD 3) rendered a seven-gun salute with U.S


NMTP Training in Antigua and Barbuda

Photo: International Maritime Organization (IMO)

 A three-day National Maritime Transport Policy (NMTP) workshop has been held in St. John’s, Antigua and Barbuda (16-18 May).    The event provided valuable knowledge and skills to those involved in the development, adoption and review of a NMTP in the country.  


Coldharbour, Hansun Ink China Distribution Deal

From right to left: Andrew Marshall, CEO Coldharbour Marine Ltd (seated) and Graham Cole CBE, Chairman, Coldharbour Marine Ltd (standing). On the left, Jason Lee, General Manager, Hansun (Shanghai) Marine Technology (seated) and Simon Gu, Chairman, Hansun (Shanghai) Marine Technology (Photo: Coldharbour Marine)

Coldharbour Marine, developer of a unique in-tank, in-voyage and inert gas-based ballast water treatment system for large tankers, bulkers and LNG vessels, has signed an agreement with Hansun (Shanghai) Marine Technology Co Ltd covering the marketing and distribution of Coldharbour products in


ABS Mobile App Simplifies Subchapter M Compliance

Photo: ABS

NS Workboat, a new mobile application from ABS Nautical Systems (NS) purpose-built for the workboat/inland sector, aims to streamline onboard tasks for Subchapter M compliance.   “This app answers the growing demand for easy-to-use point solutions – a need that is particularly


McDonough Launches M 2820 Barge

Photo: McDonough Marine Service

McDonough Marine Service has launched its latest barge design series at the Westport Orange Shipyard in Orange, Texas. The M 2820 (282’L x 54’W x 12’6”H, with 3,000 lbs/sq.ft. deck load rating) was delivered on-schedule


Towing Vessel Runs Aground in Louisiana

U.S. Coast Guard photo by Marine Safety Unit Lake Charles

An uninspected towing vessel taking on water has run aground in Louisiana’s Calcasieu Ship Channel, early Monday morning.   At 3:45 a.m., the three-man crew aboard the 60-foot towing vessel Mr. Landon intentionally ran the vessel aground near Monkey Island to avoid sinking when they


GE Completes HAZID Meetings for World’s First LPG-Fueled Ferry

Photo: GEs Marine Solutions

 GE’s Marine Solutions reports that the world’s first Liquid Propane Gas (LPG)-fueled ferry design to use GE’s COmbined Gas turbine Electric and Steam (COGES) system has successfully completed Hazard Identification (HAZID) meetings.   


Skangas Names LNG Bunker Supply Ship Coralius

Photo: Skangas

 Coralius, the first European built LNG bunker and distribution vessel was named Monday, May 22, by Johanna Lamminen, Chair of the Board of Skangas and Chief Executive Officer of Gasum.    The 5,800 cbm vessel was commissioned by owners Anthony Veder and Sirius Shipping in 2015


Ships Parade Kicks off NY Fleet Week

Photo: Jeff O’Malley

From the tree lighting at Rockefeller Center to New Year's Eve in Times Square, New York’s time-honored traditions are some of the most well-known around the world. Arriving today as part of another New York tradition, a “parade of ships” from several branches of the U.S


Apply Now for the MN100

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The August 2017 edition of Marine News, the leading voice in the North American workboat market, will feature 100 leaders and innovators, including workboat owners and operators, workboat builders and repairers, and product and service providers.


A Hybrid Drive’s Digital Landscape

Photo: handout

Hybrid drive and potential fuel savings are well known — from 10 to 30 percent, according to the sources we’ve written about over the years. Less known, is the potential need to purchase some sort of remote monitoring package to complement that diesel-electric or battery hybrid system


Sembcorp, Coldharbour Sign BWTS Deal

Coldharbour Inert Gas Generator (Photo: Coldharbour)

Coldharbour Marine, developer of an in-tank, in-voyage and inert gas-based ballast water treatment system for large tankers, bulkers and LNG vessels, has signed an agreement with Sembcorp Marine that will see the latter offer the Coldharbour GLD BWT as part of the Sembcorp Marine Green Technology






 
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