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New Business

Finnegan Joins Drew Marine As Manager

The Drew Marine Division of Ashland Specialty Chemical Company has elected John C. "Jack" Finnegan as manager of new business development. Finnegan, who comes to Drew Marine from Newport News Shipbuilding, will be responsible for identifying and developing new business opportunities to expand the range of products and services Drew Marine offers to the marine industry. He will also manage start-up operation and global implementation for the company's new business ventures and product lines.


MHI's Entity to Oversee Material Handling Equipment, Engine and Turbocharger Businesses

Organizational Structure Courtesy MHI

Today Mitsubishi Heavy Industries, Ltd. (MHI) decided in principle to launch a new wholly owned entity to integrally oversee its current businesses in material handling equipment centered on forklift trucks, engines and turbochargers. The new entity will serve as an independent management body to provide integrated and swift responsive oversight of these three core businesses. Under this initiative, MHI looks to generate synergy benefits, streamline its organization


OSI Wins Navy Deal

Offshore Systems International Ltd. has won $400,000 in new orders for components to install electronic chart navigation systems in the Royal Australian Navy's Collins class submarine fleet. This brings the total value of business for the Australian submarine fleet to $1 million. Earlier this month, OSI announced a $600,000 contract for other specialized components for the Collins submarines. "The $1 million in new business this month with the Royal Australian Navy


Rolls-Royce Merges 2 Subsidiaries for Better Engine Life Management

Image

  Rolls-Royce today announced the merger of two wholly owned subsidiaries, Aero Engine Controls (AEC) and Optimized Systems and Solutions (OSyS), to form a new business, Controls and Data Services (CDS), which will continue to operate as part of the Rolls-Royce Group. The new business will bring together equipment sensors, controls and monitoring systems with performance analysis and health management services, delivering greater asset intelligence at a faster pace.


K-Line Rolls Out UAE Logistics Firm

 Image: K Line Europe Ltd

 Japan-based Kawasaki Kisen Kaisha (“K” Line) and Sharaf Group have established a new firm, K Line Shipping & Logistics (KLSL).    Based in Dubai, UAE, KLSL will carry out businesses in the fields of marine transportation, logistics, land transportation, air cargo transportation, warehousing and supply chain solutions.   The company will aim to develop new businesses through a network actively, "K" Line and Sharaf Group.  


Hendry Marine Launches Business Development Team

Kristen Chittenden (Photo: Hendry Marine Industries)

U.S. tug-barge shipyard Hendry Marine Industries, Inc., (HMI) has launched a new business development team, with Kristen Chittenden appointed Director of Business Development, and Eric Smith named VP & Chief Commercial Officer.  Chittenden and Smith will work closely with Hendry Marine’s CEO and president, Jim Long, the executive leadership team and its various subsidiaries to set company strategy and develop new business opportunities.


London Club increases tonnage

The London P&I Club took on about a million gross tons of new business at renewal on February 20 this year, bringing its total entry to thirty million gross tons. In all, over the course of the 12 months leading up to renewal, the Club has grown by more than two million gt. In addition, it currently has newbuildings entered for Freight, Demurrage & Defence risks amounting to 2.3m gross tons. Additions included five vessels from Worldwide Shipping, five from Tomasos Bros


New Business for Marine Inland Fabricators

Marine Inland Fabricators, Panama City, Fla., has a full yard of new business. The company recently built the fourth Clydesdale pushboat for Smith Brothers, Inc., two of which were sold before they were even completed. Additionally, seven sectional barges were shipped to Vallejo, Calif., for set construction of a Batman and Robin water show. Four more sectionals are being built for a 100 x 24 ft. floating dock at the American Yacht Club, in Rye, N.Y.


Aveva: Navies Can Reduce Project Cost, Risk and Timescales

Photo: Aveva

New business paper describes how technology offers proven collaboration capabilities that benefit all parties in warship procurement projects Aveva today announced its publication of a new business paper, “Taking Command: How Aveva technology can increase capabilities in naval fleet management.” In this paper, Aveva examines six ways that navies can exploit technologies used in other sectors, such as the offshore industry


Rand Adds New Business for 2014

Kaministiqua (Photo: Rand Logistics)

Rand Logistics, Inc. announced that it has secured additional new long-term contractual business for the 2014 sailing season, totaling in excess of 250 sailing days. These contracts, a combination of new business, market share gains and organic market growth, are expected to help rebalance the company's 2014 sailing season commodity mix to levels more consistent with prior years and improve existing fleet operating efficiencies.


US Built Refrigerated Liquefied Gas Carrier Launched

Photo: Vigor

New ATB tank barge will transport up to 22,000 tons of American-made anhydrous ammonia (NH3), a key ingredient in fertilizer   U.S. shipbuilder Vigor has launched The Harvest, the first complex liquefied ammonia transport barge built in the U.S. for Jones Act trade since 1982


CSSC Launches New Marine Service Business

China State Shipbuilding Corporation (CSSC) said it has formally launched a new business CSSC Marine Service Co., Ltd, to coincide with the inauguration of its new logistics center within the Yangshang free trade zone, Shanghai.   The inauguration was marked with a ceremony on June 30, 2017


Rays of Hope Seen for German Marine Equipment Suppliers

© MicroStudio / Adobe Stock

Germany’s marine and offshore equipment suppliers will have to continue efforts this year to respond to the continuing weak demand from other countries and growing competition in global shipping markets, says German Engineering Federation (VDMA) who reported a decline in orders in the


James Troop Celebrates 150th Anniversary

L-R Robert Pollock, Bob Troop and Derek Bate in Coburg Dock (Photo: James Troop)

Liverpool diesel-engine sales and maintenance specialists James Troop & Co is celebrating its landmark 150th anniversary with a surge in new business and export sales.   The family-run company based in Runcorn is one of Liverpool’s longest-standing maritime and industrial


Washington Maritime Economy Grows Stronger -Study

© Bill Perry / Adobe Stock

A new report from the Washington Maritime Federation shows strong health of industry, increased average salaries and tremendous opportunity to continue to grow maritime jobs.   The Washington State Maritime Sector Economic Impact Study 2017 Update


World Bank USD375 mln Loan for India's Waterway Project

Pic: Inland Waterways Authority of India (IWAI)

 In a major boost towards realising India's ambitious inland waterways project, the World Bank has approved a $375 million loan for capacity augmentation of National Waterway-1(River Ganga) under Jal Marg Vikas Project (JMVP).  


Saipem Teams Up with Italy Railways in Russia Project Bid

Saipem has teamed up with Italy's state railways to bid for work on a Russian high-speed train project as the Italian oil engineering and contracting firm seeks new business to offset an ongoing slump in the energy industry. Oil service groups like Saipem have been hit by a sharp fall in oil


Singapore Rolls Out LNG Bunkering Standard

Pic taken from Maritime and Port Authority of Singapore Corporate Video

 The first Singapore Technical Reference (TR) 56 for Liquefied Natural Gas (LNG) Bunkering was launched by the Maritime and Port Authority of Singapore (MPA), SPRING Singapore and the Standards Development Organisation @ Singapore Chemical Industry Council (SDO@SCIC).  


Shepherd Joins Bibby Offshore's Renewables Team

Dorothy Shepherd (Photo: Bibby Offshore)

Bibby Offshore, a subsea services provider to the oil and gas industry, has appointed Dorothy Shepherd as general manager, renewables.   Shepherd joins Bibby Offshore with more than 15 years’ experience in the energy industry. Having spent a significant time at The Crown Estate - a


Macron Seeks Review of STX Shipyard Sale to Fincantieri

File photo: STX France

French President Emmanuel Macron said on Wednesday he wanted to review the terms of a recent deal to sell a large stake in the STX France shipyard to Italian group Fincantieri. Speaking at the launch of a new cruise ship, Macron said the STX France's shareholder structure should neither put


Hendry Marine Acquires Anchor Sandblasting and Painting

Jim Long (Photo: HMI)

Hendry Marine Industries, Inc. (HMI) informs it has acquired surface preparation and preservation company Anchor Sandblasting and Painting, Inc., in a move that further expands its range of services now including sandblasting, painting and other surface preparation and preservation services


Rolling on the River with CORBA

Image Credit: Carlisle & Bray

As the Central Ohio River Business Association (CORBA) pushes commerce on the Ohio River, stakeholders are beginning to take notice.    On January 19, in an office tower overlooking the Ohio River, Eric Thomas convened the first meeting of 2017 for a business group working in the 13th


Chinese, Greek Ports Teams Up to Boost Container Traffic

© chungking / Adobe Stock

Piraeus Port, operator of Greece's biggest port and majority-owned by China's COSCO Shipping, has agreed to team up with the operator of Shanghai port, the world's largest container port, to promote container shipping traffic. Piraeus, COSCO Shipping and Shanghai International Port Group (SIPG)


Piraeus Port Signs MoU with Shanghai Port

Photo: Piraeus Port Authority S.A

 The Cosco-managed Piraeus Port Authority (OLP) and Shanghai International Port Group, the world's biggest commercial port, signed a Memorandum of Understanding (MOU) envisioning cooperation in infrastructure studies, personnel training, information exchange and technical assistance.  


Gullickson Joins EBDG

Image: EBDG

Stephanie Gullickson joins Elliott Bay Design Group's Seattle office as the Marketing Manager. She brings 12 years of experience within the maritime industry including management, marketing, sales, event planning and administrative support. Stephanie will be responsible for the development of






 
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