Rolls-Royce Shares Jump as Commercial Marine Unit Sale Mulled
Britain's Rolls-Royce said on Wednesday it was considering the sale of its commercial marine business, which has been hit by weak demand in offshore oil and gas markets, as part of a restructuring of the company into three core units. Shares in the company jumped after it said the loss-making unit could be sold. They were trading up 7.2 percent at 1330 GMT. The announcement came as part of a restructuring of the aero-engine maker into civil aerospace, defence and power systems units, with naval marine and nuclear submarines consolidated into defence and civil nuclear into power systems.
Foss Maritime Sells U.S. Flag Tug
Marcon International, Inc. of Coupeville, Washington informed the sale of the 1,700BHP “Benjamin Foss” by Foss Maritime Company of Seattle, Washington to private U.S. interests. The 78.0’ x 26.3’ x 11.0’ depth x 9.7’ draft, tug was built in 1980 by Main Iron Works of Houma, Louisiana as Hull 352 - the first in a series of seven “Super D” class, advanced, medium size tugs contracted in 1979. The low-profile tugs were built for PacTow, a Dillingham Maritime Company, and Foss Maritime…
MAN OVERBOARD Prevention & Recovery Workshop
The 2018 MAN OVERBOARD Prevention & Recovery Workshop is being held at the Grand Harbour, Southampton, U.K. on April 17. All sectors are invited to participate in this unique one day event that focuses on viable solutions. Knowledge gained about the deadly risks of people falling in the water from recent incidents with sub IMO / sub 24 meter vessels is becoming increasingly relevant to vessels of all sizes. Workshop organizer, John Haynes, said, “Topics focus on visible issues today, plus hidden areas of concern the professional maritime sector may need to face tomorrow.
Hatteland's Maritime Display, Panel Computers at IWBS 2016
Hatteland Display will highlight its diverse portfolio of maritime displays and panel computers at the International Workboat Show 2016 (IWBS 2016) this week. Headquartered in Norway and with its US office in Vista, California, Hatteland Display is a developer of displays and computers for workboats, ships and offshore vessel bridge and automation systems. The company is expecting a busy IWBS 2016, following significant recent sales growth and the expansion of its portfolio with a unique flagship 4K display system and developments within its market-leading Panel Computer range.
Ship Simulator Professional at INMEX India 2009
VSTEP will be demonstrating their maritime training tool Ship Simulator Professional and the Instructor Station Editor Suite at the Holland Pavilion of Holland Marine Equipment during INMEX India 2009. This exhibition will take place on September 24-26 in Mumbai, India. Ship Simulator Professional integrates seamlessly with external navigational hardware, control instruments as well as existing simulators. With Ship Simulator Professional, maritime instructors get full flexibility to create specialised training scenarios and adjust these in real-time. (www.shipsimpro.com)
Internet Equipment Ruled Essential Part of Cruise Ship
In an unpublished decision, the U.S. Court of Appeals for the Eleventh Circuit ruled that internet communications equipment is an essential part of a cruise ship and is to be included when the ship becomes subject to a maritime lien. In the instant case, petitioner leased telecommunications and internet equipment to the operator of a cruise ship. Petitioner retained ownership of the equipment and provided service and maintenance. The ship was arrested for unpaid shipyard work totally unrelated to petitioner’s equipment. The ship was sold at a judicial sale. Petitioner sought to recover the value of its equipment, which was included in the ship sale.
Excel Maritime to Sell 26 Year Old Vessel
Excel Maritime Carriers Ltd announced that it agreed to sell Almar I, a Capesize bulk carrier of 107,140 dwt built in 1979. The sale of the vessel is expected to generate a capital gain of approximately $ 2.5 million for the company. Christopher Georgakis, President and CEO commented: "Since last November, we have been committed to a strategy of fleet renewal. The sale of "Almar I", a 26 year old Capesize bulk carrier and the oldest vessel in our fleet took place within the context of this strategy. The average age of our fleet is now further reduced to 12.8 years, well below the industry average of 16 years. Christopher Georgakis commented further: "We now have a fleet of 17 vessels with a total carrying capacity of 1,004,930 dwt.
Wärtsilä Acquires Maritime Service
Wärtsilä has acquired the Norwegian company Maritime Service AS, which specializes in ship service, mechanical and reconditioning services. Maritime Service has its operations in Ålesund, in More region on the west coast of Norway. Maritime Service is well-positioned within fishery segment and has promising business potential in the ferry and off-shore vessel businesses. The purchase of Maritime Service will strengthen Wärtsilä’s position and expand Wärtsilä’s service offering in More region in Western Norway. The annual net sales of Maritime Service were 26 million NOK (EUR 3.2 million) in 2007. The company employs 28 people, of which 25 are service workers. Maritime Service’s businesses will be integrated into Wärtsilä Services business in Norway.
Damen Delivers Patrol Vessel to Nigeria
Homeland Integrated Offshore Services Ltd (Homeland) of Lagos, Nigeria, has taken delivery of another Damen 3307 Patrol Vessel for operations in the offshore oil fields in the Gulf of Guinea. This takes the total delivered vessels/Guardians since the first arrived in early 2014 to four. Guardian 4 has joined its three sister ships in providing security services to the oil majors active in Nigeria’s territorial waters, together with additional support services including crew transfers and equipment deliveries.
Ieva And Cassaras Promoted At Ashland Specialty Chemical
Drew Marine, a division of Ashland Specialty Chemical Company, recently announced two promotions in its Boonton, N.J., headquarters. Ron Ieva, who has held positions at Drew Marine as senior product manager, area manager for the Southeast and Caribbean, and cruise industry business manager, has been promoted to regional sales manager for the Americas. Mike Cassaras, who has been southeast and Caribbean area manager and regional sales manager for the Americas, will now assume global responsibility as business manager for Drew Marine Safety. BSME from the Marine Maritime Academy. After attending the University of Florida, Cassaras began his career in the marine industry in 1975. Prior to his positions at Drew, he was President and Founder of Atlas Marine Services, Inc.
Wärtsilä Donates Engine to SUNY Maritime College
Wärtsilä to donate diesel engine and equipment to SUNY Maritime College Engineering Department; Donation valued at $1 million. Wärtsilä, the marine industry’s leading solutions provider, will donate the main components of a hybrid diesel propulsion system to the Engineering Department at State University of New York Maritime College. The unveiling ceremony on October 12, 2011 serves as the official dedication and opening of the Wärtsilä Lab, housed in Marvin Tode Hall, science and engineering building on the SUNY Maritime campus, the Bronx, New York City.
BAE Systems Gets $1.3b for New UK Warships
The U.K. Ministry of Defense has signed a $1.3 billion contract with BAE Systems for equipment to build the next generation of warships for the British navy, Prime Minister David Cameron announced today. BAE Systems has been working on plans to provide Britain with 13 new warships since 2010, Reuters reported, adding that the new contract enables the shipbuilder to continue developing the project by investing in the equipment and facilities needed before building can begin. According to the U.K.
KVH Industries Report Q1 Results, VSAT Business Growth
"We had a great quarter in our satellite business," said Martin Kits van Heyningen, KVH's chief executive officer. "Revenue from the mini-VSAT business grew 61% compared to the first quarter last year, and unit sales increased 120%. Our mini-VSAT Broadband airtime revenue for the quarter was close to $7 million, and the related gross margin increased to approximately 28% from only 4% one year ago. "We were very pleased with our progress in winning a leadership position in the growing maritime broadband market," continued Mr. Kits van Heyningen. "In several customer-run, head-to-head competitions with many other maritime services, KVH mini-VSAT Broadband has been selected for large fleet-wide roll outs.
It’s Electric: Charging Asia’s First E-ferry
Innovative charging technologies connect Asia’s first e-ferry to electrical power, eliminating emissions and dramatically reducing operating costs. The retrofitted passenger ferry, which operates between the island of Cijian and the port of Kaohsiung in Taiwan and that entered service last year, is fully electrically powered. This follows the introduction of a hybrid ferry earlier in 2017. The charging solution was supplied by Swiss based engineering firm Cavotec, who said the technology ensures safe, fast and efficient connection of the ferry to electrical power at the Kaohsiung berth.
China Conference on Offshore Engineering Coming Up
The conference aims at exploring the forefront of subsea exploration technology, and promoting trade exchanges and cooperation between business partners. All participants will have the opportunity to expand business relations and get a transparent interpretation of future market trends. The first day will discuss the development trend of oil and gas industry in the South China Sea, as well as offshore platform structure strategy; the second day will introduce subsea production technology, shipyard applications and future trends. In 2011, global offshore engineering equipment orders amounted to 69 billion RMB, an increase of 130% on the previous year.
Radio Holland USA Opens RH Long Beach Branch Operation
Radio Holland USA Inc. has appointed William Thompson as the branch Manager of the Long Beach, Calif., office. Historically, the Long Beach office has been a service center supporting the Radio Holland Group brand for the past 23 years. As Branch Manager for the West Coast territory branch operation, Bill will be instrumental in our growth which includes not only service for our global customer base but also equipment sales and service, fleet management via Fixed Price Maintenance Contracts, VSAT / INMARSAT equipment and Airtime sales and service, as well as S-VDR sales and service. Thompson comes to Radio Holland USA with a management background including positions as General Manager of a national maritime retailer, regulatory compliance consultant and security and safety director.
Dittmann Named Chairman of SEA Europe
Kjeld Dittmann, the Managing Director of Lyngsø Marine A/S, is the new Chairman of the European Ships and Maritime Equipment Association (SEA Europe). He succeeds Govert Hamers, CEO of Vanderlande Industries in the Netherlands, who has completed his term as Chairman. The announcement was made at the SEA Europe Annual General Meeting in Istanbul on June 26 hosted by the Turkish Association of Ship Industrialists (full member of SEA Europe). “SEA Europe has established a strong voice in Brussels for both Europe’s shipyards and equipment suppliers…
Gulf Maritime 2006 Attracts 180 Exhibitors
According to a Trade Arabia report, more than 180 leading marine companies from 28 countries will participate in the fourth edition of Gulf Maritime to be held at Expo Centre Sharjah from April 24-26, 2006. Gulf Maritime 2006 will showcase the latest vessel building designs and technology, equipment for fishing, offshore support vessels, cargo ships, tankers, tugs, ferries, patrol boats, all types of ship repair and port operations products, and cargo handling services. The Gulf's maritime sector generates over $1 billion worth of business annually. The last edition of Gulf Maritime attracted a total of 2,401 trade visitors from the global maritime community. Source: Trade Arabia
Brazilian Shipbuilder Urges Russia to Strengthen Maritime Ties
AMEC Kromav, the Rio de Janeiro-headquartered specialist company for shipbuilding and offshore activities, has urged Russian industry to take full advantage of Brazil’s multibillion dollar offshore industry opportunities. In a comprehensive presentation at NEVA in St Petersburg, Rosalo Sales, Director of Business Development & Strategic Planning at AMEC Kromav told delegates that the Petrobras Business Plan 2013-2017 had scheduled investments of more than $230 billion in Brazil (95%) and $11.7 billion (5%) overseas, with opportunities for annual contracts worth $28.4 billion alone in Brazil. “The current oil tanker fleet must go through a $101 billion or $14.2 billion per annum modernization program by 2020…
Transportation Club of Tacoma's Person of the Year 2013 – Terry Thomas
The Transportation Club of Tacoma (TCT), the largest Transportation Club Chapter in North America, has chosen Terry Thomas, president and one of the founders of his company PNW Equipment Inc., as their 'Person of the Year 2013'. TCT explain in a brief biography that Terry Thomas, founded his company, PNW Equipment Inc. in 1980, and it has since then become a recognized leader in the design, manufacture, sales and leasing of maritime and intermodal equipment throughout the Pacific Northwest and the Pacific Maritime region which includes Western Canada, Alaska, and Hawaii.
Helix to Sell Three Pipelay Vessels
Helix Energy Solutions Group to sell pipelay vessels, 'Caesar, Express', 'Intrepid' & related equipment in separate transactions for a total $252,750,000. On October 15, 2012, Helix entered into an agreement to sell the Caesar, Express and related equipment to Coastal Trade Limited for a total of $238,250,000. The sale of these assets is expected to close in two stages as each vessel completes its existing contractual backlog. The Express closing is expected to occur in February 2013 and the Caesar closing is expected to occur in July 2013.
MarAd Sells Two Obsolete Vessels For More Than $1m Each
The U.S. Department of Transportation’s Maritime Administration announced today that it has sold two obsolete ships to American salvage companies for more than $1 million each. The sale of these two vessels from the James River Reserve Fleet (JRRF) near Fort Eustis, Va., each exceed the agency’s ship-disposal program’s recent record-setting price fetched by the sale of the Adonis, which last March sold for $1,151,727. Agency contracting officials report that the has been sold to Esco Marine, Inc., of , , for $1,465,726; and the Truckee has been sold to Bay Bridge Enterprises, L.L.C., of , for $1,231,328. Three other obsolete government-owned ships are also being sold for a combined price of nearly $1.5 million.
Kirby Expects Strong 3Q Earnings
Expected result compares with $.57 per share for the 2010 third quarter, fueled by continued strong inland marine transportation and land-based diesel engine services markets. Kirby to announce 2011 third quarter results on Wednesday, October 26, 2011, with conference call on Thursday, October 27, 2011. Kirby Corporation announced today that it expects its 2011 third quarter net earnings to exceed $.90 per share, above the top end of Kirby's earnings guidance of $.82 to $.87 per share, and substantially above 2010 third quarter earnings of $.57 per share. Kirby will address the 2011 fourth quarter and year guidance when it announces its third quarter results at 5:00 p.m. central time on Wednesday, October 26, followed by its conference call at 10:00 a.m.