DSC Dredge Names Bolling VP & CAO
Christina Bolling has been named Vice President and Chief Administrative Officer (CAO) of DSC Dredge, LLC.She was promoted after serving five years as DSC Dredge Corporate Human Resources Director for DSC headquarters and two production facilities in Greenbush, Michigan and Poplarville, Mississippi. Bolling’s background experience of Human Resources, Leadership Development and Operations provide substantial knowledge and expertise as she reinforces each DSC department’s performance to be the best of their abilities.DSC is a global leader in the dredge manufacturing industry…
QP, Exxon to Build $10B LNG Plant in Texas
Exxon Mobil and Qatar Petroleum announced a final decision to finance a $10 billion-plus project to export liquefied natural gas (LNG) from the Texas Gulf Coast.Construction of the Golden Pass LNG export project located in Sabine Pass will begin in the first quarter of 2019 and the facility is expected to start up in 2024, said a press release.“Golden Pass will provide an increased, reliable, long-term supply of liquefied natural gas to global gas markets, stimulate local growth and create thousands of jobs…
Shearwater to Buy Schlumberger’s Seismic Business
Norwegian marine geophysical services company Shearwater GeoServices Holding AS has entered into a definitive agreement to acquire the marine seismic acquisition assets and operations of Schlumberger’s geophysical services product line, WesternGeco.The transaction, which remains subject to regulatory approvals and other customary closing conditions, is expected to close in the fourth quarter of 2018.Houston based Schlumberger will receive cash consideration based on an enterprise value of $600 million plus a 15 percent post-closing equity interest in Shearwater. For a limited period, Schlumberger will be entitled to payments under an earn-out agreement linked to future vessel usage over and above specific thresholds.
INSIGHTS: William D. Friedman
Port of Cleveland President & CEO and newly elected Board Chairman of the American Association of Port Authorities William Friedman weighs in this month on the Port of Cleveland and its role in the all important Great Lakes trades.When the American Association of Port Authorities (AAPA) announced the election of Port of Cleveland President and CEO, William D. Friedman, to serve as chairman for the 2018-19 year, beginning this October, it was perhaps a conscious decision to tap someone who has a broad range of experience and skills in myriad ports, large and small.
Japanese Shipyards Ink Cooperation Agreement
Japanese shipbuilders Mitsui E&S Shipbuilding Co., Ltd. (MES) and Tsuneishi Shipbuilding Co., Ltd. announced they have signed a business cooperation agreement to partner in areas of commercial shipbuilding.The compatriot shipbuilders had announced in February 2018 they were discussing plans to partner, becoming the latest in a string of Japanese yards to team up to combat the industry downturn.Now, after several months of dialog, MES and Tsuneishi have identified specific areas for collaboration.
Brunswick: Ramping up Quality for the Long Haul
As Brunswick Commercial & Government Products expands its capabilities and product line, the Florida-based boatbuilder is positioned to safely provide increased efficiencies, and an expanded, multi-mission product line. When Brunswick Commercial & Government Products (BCGP) broke ground on a facility expansion at the company’s Florida headquarters in early May, it served notice that this well-known boatbuilder had ramped up both its delivery capabilities, and an expanded array of new hulls.
Hapag-Lloyd Adds Low Carbon Refrigerant Containers from Maersk
To maintain and expand its container fleet, Hapag-Lloyd, a global container line, has purchased 3,700 Star Cool Integrated containers as part of their recent reefer investments from Maersk Container Industry (MCI). Of these, 1,000 Star Cool units will be chilled by the environmentally friendly R513A refrigerant system with a Global Warming Potential (GWP) of less than 56 percent of the commonly used R134A refrigerant. Eager to support the market adaptation of more environmentally friendly refrigerants…
International Ship Repair Facility at Cochin Shipyard
The Minister of Shipping in India, Nitin Gadkari has said that Cochin is all set to become a global ship repair hub. He was speaking at Cochin, after laying the foundation stone for a INR 970-crore (USD 148 million) International Ship Repair Facility (ISRF) for Cochin Shipyard Limited. The facility is being built at Cochin Port Trust where CSL has leased out a 40-acre plot for the project. The International Ship Repair facility will be a State of the Art facility that can handle a major chunk of small and medium sized vessels plying in India.
Marine Piping: It's Not Rocket Science
Anything but unconventional, Viega piping products and systems provide uncommon time savings and safer repairs, leading to a better bottom line. The maritime industry, over time, has been unusually resistant to change in many aspects of how it operates. Arguably, the ‘biggest’ advances on the water spanning a five decade period leading up to the beginning of the new millennium could be measured in terms of deadweight tonnage and/or the length of a particular class of hulls. Nowhere is that reality more evident than in the shipyard…
US Iron Ore Boosts St. Lawrence Seaway Shipping
With strong increases in iron ore and other cargo, total tonnage shipped via the St. Lawrence Seaway is up 20 percent over last year. The St. Lawrence Seaway Management Corporation reports that cargo shipments from March 20 to June 30 totaled more than 12 million metric tons – up two million metric tons over the same period in 2016. “St. Lawrence Seaway shipping is a bellwether for the health of the overall U.S. and Canadian economies and reflects strong demand for raw materials to support the automotive…
Brunswick Celebrates 10-year Safety Milestone
April 14 marked 10-years without a lost time incident for Brunswick Commercial & Government Products (BCGP). BCGP's employees have worked 1,817,000 hours without a lost time incident and maintained a recordable incident rate of zero in 2016. "This monumental milestone illustrates our dedication to safety and manufacturing excellence, said John Ratto, BCGP Director of Manufacturing and Plant Operations. BCGP was also recently presented the Sustained Safety Performance Award from its parent company - the Brunswick Corporation.
New US Pipelines to Drive Natural Gas Boom as Exports Surge
U.S. energy firms are scrambling to finish a slew of pipelines that will unleash rich reserves of shale gas in Pennsylvania, West Virginia and Ohio as the nation prepares to become one of the world’s top natural gas exporters. The pipelines are expected to boost output from shale fields in the three states by giving producers access to new domestic and international markets. Those states could supply about a third of all U.S. natural gas once the pipeline expansion is complete, up from about 25 percent now, according to projections from the U.S. Energy Information Administration (EIA).
Carboline: 70 Years of Coatings and Linings
Coatings, linings and fireproofing company Carboline was founded by Stanley Lopata in St. Louis, Mo. in 1947 and has since gone on to become a global organization, now celebrating its 70th anniversary in 2017. “We have achieved this milestone through the hard work and dedication of our employees, partners and our culture of customer service that exists throughout the entire organization,” said company president Chris Tiernay. In its 70 years, Carboline has grown to more than seven research facilities, 20 manufacturing facilities and hundreds of warehouses, with more than 500 products launched, including brands such as Bitumastic, Carboguard, Carbozinc, Firefilm, Phenoline, Plasite, Polyclad, Pyrocrete, Pyroclad, Reactamine, Sanitile, Thermo-Lag, Thermaline and more.
DSC Dredge Digs In
The world of dredging is defined by the vast diversity of each assignment that contractors perform on any given day. Fortunately, DSC’s standard lineup of dredge equipment can be modified and customized to meet just about any job that needs doing. It wasn’t too long ago that retired U.S. Coast Guard Admiral Jim Loy told me, “If you’ve seen one port, well, you’ve seen one port.” That now-famous declaration was made in reference to port security in a post-9/11 world, but the quip is as valid now as it was when he said it during his tenure as Commandant of the U.S. Coast Guard.
Marine Propulsion Market Poised for Growth -Report
The marine propulsion engine market was valued at $9 billion in 2015 and is projected to reach $12 billion by 2022, growing at a CAGR of 4.1 percent from 2016 to 2022, according to a new report published by Allied Market Research. Diesel propulsion system segment is expected to maintain its dominance throughout the forecast period. Asia-Pacific accounted for the highest share of 51 percent in 2015, and is anticipated to maintain this trend. Increase in production and sales of ships globally and rise in international seaborne trade drives the market growth.
Hydro Group wins 'Company of the Year' Subsea UK Awards
Aberdeen-headquartered Hydro Group plc have secured the Company of the Year title at last night’s [Thursday 3 February] Subsea UK Awards. The cable and connector specialist was recognised for its performance in the subsea sector and its significant development to date, as well as its plans for future success and growth, both in the UK and internationally. The annual awards, held at the Aberdeen Exhibition and Conference Centre, highlight the achievements of individuals and companies throughout the subsea industry and are the most prestigious awards in the subsea sector.
Magnetic Attraction: The Switch Targets Marine Growth
The Switch is targeting growth of 200 percent within the marine segment in the next five years, building on the momentum of a flurry of recent orders, its acquisition of Wartsila Drives and the financial muscle of its parent company, the EUR 3.3 billion turnover Yaskawa Electric Corporation. The Finnish headquartered business, a specialist in the development and supply of advanced drive train solutions, believes its permanent magnet (PM) and frequency converter technology can have the same transformational effect on marine as it has had in wind.
BIMCO: What Shipping Market can Expect for 2017
The shipping industry has its work cut out going forward in 2017 as the International Monetary Fund (IMF) forecast the lowest level of global GDP growth since 2009. 2017 will see another year of die-hard competition, which now includes tankers. In 2016, the container shipping industry bit the bullet in terms of demolition and consolidation to help the market to recover. The dry bulk sector needs to copy that approach. The longer global economic growth remains weak and lacks investment, the lower future growth potential for shipping.
APM Orders 12 STS, 32 ARMGs Cranes
APM Terminals has announced orders for 12 remote-controlled Ship-to-Shore (STS) cranes and 32 Automated Rail-Mounted Gantry Cranes (ARMGs) to equip the new five million TEU* APM Terminals MedPort Tangier facility now under construction at the Tanger-Med II port complex. The container terminal will be the second operated by APM Terminals at the Tanger-Med port complex designed to serve the newest Ultra-Large Container Ships (ULCS) with capacities up to 20,000 TEUs. APM Terminals MedPort Tangier will have up to 2…
Inland Marine Service Appoints New Leadership
Four corporate professionals have recently joined Inland Marine Service (IMS), announced Dave Hammond, President of Inland Marine Service. The new hires are Kristina Luna, HR Manager; Moses Garza, Tankerman Supervisor; Caleb King, Manager SHEQ/Compliance Director; and Brian Howell, Assistant Port Engineer. Reporting to Jason Adams, Luna will be based out of the Hebron office and will be responsible for all of the company’s human relations needs. Luna has 20 years of experience in employee management, human resources, event planning, marketing, and sales.
The Switch Acquires Wärtsilä Drives’ Products
The Switch, a technology specialist of advanced drive trains, announced its acquisition of Wärtsilä’s marine drives business that encompasses specialized megawatt-class power drives targeting marine applications. The Yaskawa-backed investment gives The Switch a stronger foothold in its growing marine business area. Together, The Switch and the Norway-based marine drives business aim to benefit from a number of inherent added-value synergies, including a stronger machine and drive package offering, a broader product range and a wider market access.
MN100: Larson Electronics LLC
Since 1973 Larson Electronics has manufactured industrial lighting and power distribution products. On LarsonElectronics.com we offer a wide range of products including explosion proof lighting, portable hazardous location lighting, high powered LED lights, hand held 12/24 Volt lighting, light towers and portable power distribution panels with large KVA transformers. Our products are used by manufacturing facilities, refineries, military bases, paint spray booths, oilfield operations, shipyards and food processing plants around the world.
Hydro Strengthens APAC Presence
Aberdeen-headquarted subsea cable and connector specialist Hydro Group plc announces multiple Asia Pacific Business Partner agreements as the firm continues strategic growth in the region. As part of international expansion plans in 2013 the firm formed its Singapore based division, Hydro Group Asia, which has shown an annual increase of sales in the region of over £1.5M. The five new Business Partner agreements with Uni-One in Taiwan, ISL in China, Oceanpixel in the Philippines…