USCG Approves JAX LNG for Ship-to-ship Bunkering
The joint venture between Pivotal LNG and Northstar Midstream, JAX LNG, LLC, has received a Letter of Acceptance (LOA) from the U.S. Coast Guard (USCG) for the operation of its waterfront LNG facility and the approval to conduct ship-to-ship LNG bunkering operations with TOTE Maritime’s Marlin Class ships and the LNG barge, Clean Jacksonville. The expectation is this ship-to-ship LNG bunkering operation will commence early in 2018. In August 2015, JAX LNG and its partner TOTE…
New CEO Takes the Helm at Intermarine
Project, breakbulk and heavylift cargo transporter Intermarine, LLC said its president and CEO, Al Stanley, has stepped down to pursue other opportunities. Stanley was succeeded by Andre Grikitis, who assumed the role of President & CEO of Intermarine, LLC and Industrial Maritime Carriers, LLC and is responsible for the international flag services. Additionally, Will Terrill has assumed the role of president and CEO of US Ocean, LLC and is responsible for the company’s U.S. Flag services.
Golar LNG Partners in FLNG Hilli Episeyo Stake Acquisition
Golar LNG Partners announced that it has entered into a purchase and sale for the acquisition from Golar LNG Limited and affiliates of Keppel Shipyard and Black and Veatch of equity interests in Golar Hilli LLC, which will, on the closing date of the Acquisition, indirectly own the FLNG, Hilli Episeyo. The Acquired Interests represent the equivalent of 50% of the two liquefaction trains, out of a total of four, that have been contracted to Perenco Cameroon SA and Societe Nationale Des Hydrocarbures for an eight-year term.
Fujairah Terminals Welcomes First Container Feeder Vessel
The newly established Fujairah Terminals, under the management of Abu Dhabi Ports, has welcomed its first container feeder vessel, the Dubai Alliance, reported Gulf News. This is the first ship to arrive at the terminal, which is wholly owned by Abu Dhabi Ports, the master developer, operator and manager of commercial and community ports within the emirate of Abu Dhabi, Fujairah Port and Khalifa Industrial Zone Abu Dhabi (KIZAD), following the signing of a concession agreement with the Port of Fujairah in June this year.
Bumi Armada Bags Additional Contract from Lukoil
Bumi Armada Bhd’s wholly-owned unit, Bumi Armada Caspian LLC, has signed a supplementary agreement worth RM576 million (USD 134 million) with Lukoil-Nizhnevolzhskneft LLC (Lukoil) for an additional engineering, procurement, construction and installation (EPCI) scope of work in Russia. Back in December 2013, Bumi Armada had bagged a 10-year, US$262 million contract from Russia’s Lukoil-Nizhnevolzhskneft Ltd. Bumi Armada said the additional scope will involve BAC’s marine spread…
Spencer Sworn in as US Navy Secretary
Richard V. Spencer was officially sworn in as the 76th secretary of the Navy (SECNAV) August 3, at a ceremony conducted in the Pentagon by William O'Donnell, Department of the Navy administrative assistant. Spencer, a Connecticut native, graduated from Rollins College in 1976 with a Bachelor of Arts in Economics. Upon Graduation he joined the United States Marine Corps and served as an H-46 pilot until 1981 before departing active duty to enter the private finance sector. He held…
Intermarine’s Grikitis to Receive AOTOS Award
Project, breakbulk and heavylift cargo transport company Intermarine, LLC announced that its President & CEO, Andre Grikitis, will be awarded with the Admiral of the Ocean Sea by the United Seaman’s Service (USS) at the organization’s 48th annual gala at the Sheraton New York Times Square Hotel, New York City, on October 13, 2017. The Admiral of The Ocean Sea Award (AOTOS) has been presented annually by United Seamen's Service for the past 47 years. The AOTOS Award is given in…
New Route for Container Trains in UTLC Services
In connection with the increased cargo transportation by accelerated container trains en route China/ Europe/ China, UTLC JSC jointly with Belintertrans-Germany LLC, with assistance of the Belorussian Railways Baranovichi Division, is introducing an additional container train route via Kuznitsa/ Bruzgi border crossing. On July 31, 2017, the first container train departed from the Lodz to Chengdu Station in this route. The container train has 41 40” containers with assembled cargo.
Malibu Boats Offers Two million Shares at $25.25/Share
US manufacturer of recreational boats Malibu Boats has announced the pricing of the follow-on offering of 2,000,000 shares of the Company's Class A Common Stock at a price to the public of $25.25 per share. The offering is expected to close on or about August 14, 2017, subject to customary conditions. The Company has granted the underwriters an option for a period of 30 days to purchase up to an additional 300,000 shares of the Company's Class A Common Stock. If exercised, all additional shares will be offered at the public offering price per share of Class A Common Stock in the offering.
US Expects East Coast LNG in 4Q 2017
Dominion Energy has announced that the 750 million cubic feet per day (MMcf/d) Cove Point Liquefaction Project is in its final stages of construction, confirming with EIA that it is 95% complete as of August 2 and expected to be in-service in the fourth quarter of 2017. Located on the Chesapeake Bay in Lusby, Maryland, it will be the second large-scale liquefaction export facility to begin operations in the Lower 48 states and the first on the East Coast, said a press statement from U.S. Energy Information Administration.
Frasher Takes Head of Helm at American Commercial
Stephen A. Frasher has been appointed president and CEO of American Commercial Barge Line LLC as well as CEO of Jeffboat LLC, Louisiana Dock Company LLC and American Commercial Terminals LLC. With 31 years of experience in the transportation industry, most recently as president and CEO of Tidewater Holdings, Frasher’s hiring is part of a management transition plan for the retirement of Michael C. Hagen, who plans to step down at the end of October.
Bollinger Gets Safety Awards from SCA & NSC
Bollinger Shipyards, Inc. has received awards for Excellence in Safety, Improvements in Safety, and Occupational Safety awards from two industry groups. The Award for Excellence in Safety and the Award for Improvement in Safety for 2009 were presented to Bollinger by the Shipbuilders Council of America (SCA). The awards were received during the association’s April 26-28, 2010 general membership meeting held in Washington, D.C. The Award for Excellence in Safety is given to member companies who have an end-of-year Total Recordable Incident Rate (TRIR) that is below the average SCA rate.
Intelsat Proposes Public Offering of Common Shares
Intelsat Global Holdings S.A. announced that it has commenced the distribution of preliminary prospectuses in anticipation of its proposed initial public offering of 21,739,130 common shares and proposed concurrent public offering of 3,000,000 Series A mandatory convertible junior non-voting preferred shares (the "Series A preferred shares"). The offerings are being made pursuant to a registration statement on Form F-1 filed with the Securities and Exchange Commission. The company has granted the underwriters in the initial public offering of common shares a 30-day option to purchase up to an additional 3,260,869 common shares. The company has granted the underwriters in the public offering of Series A preferred shares a 30-day option to purchase up to an additional 450…
Maritime Safety Awards Announced
On July 29, 2013, The American Equity Underwriters, Inc. (AEU) presented the 2012 Safety Awards at the annual American Longshore Mutual Association (ALMA) Conference in Punta Cana, Dominican Republic, where Coach Gene Stallings was the keynote speaker. The awards are given each year to the best performing ALMA members nationwide and are based on the number of accidents and the severity of accidents for the calendar year. The award is an acknowledgement that these companies are leaders in the most important aspect of business operations - protecting employees from injury or death.
ABS Elects New Council and Committee Members
• Angeliki N. • Michael Wyllie, Offshore Energy Development Corporation/SBM Offshore N.V. • William T. • Capt. • Dr. Bo Cerup-Simonsen, A.P. • Joseph J. • Soli Engineer, Executive Director, Great Offshore Ltd. • RADM Philip H. Greene, Jr., Superintendent, U.S. • Hiroshi Kato, President, Toyo Shipping Line Co., Ltd. • Naresh Kumar, Chairman & Managing Director, Deepwater Drilling & Industries Ltd. • Lee, Jai-Seong, President & CEO, Hyundai Heavy Industries Co., Ltd. • VADM H. S. Malhi, AVSM, VSM, Chairman & Managing Director, Mazagon Dock Ltd. • John “Jack” D. • Ted C. • Capt.
Babcock & Brown to Acquire Bluewater Wind
International investment firm Babcock & Brown (ASX: BNB - News), announced it has entered into a definitive agreement to acquire Bluewater Wind Delaware LLC and its parent holding companies, including Bluewater Offshore Holdings LLC and Bluewater Wind Holdings, LLC, in an effort to expand its portfolio of wind energy projects and contribute to its goal of developing offshore wind. Hunter Armistead, head of Babcock & Brown's North American Energy Development Group added that Bluewater will continue with negotiations with Delmarva Power toward executing a Power Purchase Agreement (PPA), in a process that is being overseen by the Delaware Public Service Commission and three state agencies. [Source: PRNewswire]
GEA Westfalia Separator Signs With Separator Spares & Equipment, LLC
Separator Spares & Equipment, LLC announced an authorized distributor agreement with GEA Mechanical Equipment US, Inc. (GEA Westfalia Separator Division) for the Gulf Coast region. Effective immediately, Separator Spares & Equipment, LLC will be providing GEA Westfalia high-speed separator equipment, spare parts, and support throughout the Gulf Coast region. This strategic alliance will provide GEA Westfalia Separator’s customers a local representative on the Gulf Coast. “I’m extremely excited about working with GEA Westfalia. This agreement gives us a solid partner in providing solutions for our customer’s purification needs.” said Mervyn LeBlanc, Director of Separator Spares & Equipment, LLC.
The Return of U.S. Underwater Services
Benford Capital Partners LLC and Coppermine Capital LLC acquired the assets of Neptune Underwater Services (USA) LLC, the U.S. diving business of Neptune Marine Services Limited (“Neptune”), in a newly-formed entity, called U.S. Benford Capital and Coppermine, in partnership with the Company’s management team, are acquiring the business for the second time, after selling it to Neptune in 2007. The name U.S. Underwater Services, the Company’s brand prior to Neptune’s involvement, was chosen to capitalize on its t reputation for quality, service and reliability. Based in Mansfield, Texas, and operating out of a 50,000 square-foot facility, U.S.
TY President John Dane lll Workboat Show 2012 Keynote Speaker
John Dane III, President and CEO of TY Offshore, LLC & Trinity Yachts, LLC delivers 'Shipyard Day' show keynote speach. The show's 'Shipyard Day' keynote address is from John Dane III, President and CEO of TY Offshore, LLC and Trinity Yachts, LLC, during the 2012 International Workboat Show in New Orleans, Louisiana. John Dane's TY Offshore, currently builds offshore supply vessels, patrol craft, tug boats, oil skimmers and inland oil tank barges, while Trinity Yachts is one of the world's leading builders of megayachts to 330 feet. Both Trinity companies share two shipyards—in Gulfport, Mississippi and New Orleans, Louisiana—and employ 650 personnel and 200 subcontractors.
NAO Exercises Option to Purchase Shares
Nordic American Offshore Ltd. additional 882,352 common shares. The sale of these common shares isexpected to close on June 26, 2014. After the exercise of the overallotment option, there are 23,431,370 shares in issue in NAO. The total capital inflow into NAO from the Initial Public Offering and the exercise of the overallotment is in total about $100m. The company intends to use the net proceeds of this offering for acquisitions and general corporate purposes, including working capital. Morgan Stanley & Co. LLC, Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC and DNB Markets, Inc. are acting as joint book-running managers. In addition, Global Hunter Securities, LLC is acting as a co-manager for the initial public offering.
GIA Wins in Admiralty Proceedings
Clasis LLC has successfully gained costs for the arrest, appraisement and sale of a vessel for client GOH IGS Automation Pte Ltd (GIA). GIA was being represented by Clasis LLC in relation to monies due and owing to them in the High Court of Singapore. GIA supplied materials to Varada One Pte Ltd vessel, Varada Lalima, for its operation and maintenance and as a result of the Defendant's failure to reply to GIA's demand for payment, GIA instructed Clasis LLC to commence admiralty proceedings.
ZF Marine Names New Segment Manger
ZF Marine has appointed Tim McFarland as Aftermarket Segment Manager. McFarland joined ZF Marine LLC in 1997 as an Inside Technical Representative and most recently was Senior Aftermarket Center Manager. In his new position McFarland will have full responsibility for ZF Marine LLC’s parts and service business in North and Central America, and the . He will also oversee the operation of ZF Marine LLC’s nine wholly owned service facilities that provide ZF component factory support for vessel operators throughout the , including and . McFarland replaces Gary Nelson, who will retire from ZF Marine LLC at the end of 2008. Currently based at ZF Marine’s , , service facility, McFarland will relocate to the headquarters.
Horizon Lines of Guam to Begin Micronesia Service
Horizon Lines, LLC initiated a new service to the Federated States of Micronesia and the Republic of Palau under the carrier's subsidiary company, Horizon Lines of Guam, LLC. The new service starts January 15th. Horizon Lines of Guam offers through bills of lading for service between Chuuk, Pohnpei, Kosrae, Yap and Palau and the United States. Shipments between the U.S. and Guam, Tinian and Rota will continue to be booked with Horizon Lines, LLC. The new offering will utilize Horizon Lines, LLC vessels for service between U.S. mainland ports and Guam. FSM Line will provide service between Guam and Chuuk, Pohnpei and Kosrae and Western Pacific Shipping for service between Guam and Yap and Palau.