Zech Joins All American Marine as Business Development Manager
Bellingham, Wash. shipbuilder All American Marine (AAM) announced it has appointed Daniel Zech as the organization’s business development manager.Zech, originally a Bellingham local, sailed on vessels from French Polynesia to the Caribbean for over a decade. His maritime career took him to the Charter House Yacht Club in the U.S. Virgin Islands, where he managed day-to-day operations for a charter fleet of 28 catamarans and monohulls for multiple years. In addition, his experience…
ORRV\DMS Discover Cluster Of Shipwrecks
Oceanic Research and Recovery Inc. (PINKSHEETS: ORRV), and Deep Marine Salvage Inc, today announced that they have agreed upon their first intended “cluster” of 5 commodity based salvage targets. These targets have been selected from our vast portfolio of shipwrecks lost in northern hemisphere waters. The combined manifested value of these cargos is a minimum of $2 billion at current commodity prices, and consists of platinum, gold, silver, copper and zinc. “This cluster has been selected not only because the wrecks are close to each other but because they also lie at shallow depths”, said Scott Heimdal, CEO of ORRV. “On the water time is money, the faster you can put it on the deck the higher your margins”, continued Mr. Heimdal. “Working depth is a big factor in feasibility planning.
ORRV Discovers Two Shipwrecks In The Philippines
PEORIA, IL -- (PR Newswire) -- April 29, 2011 -- Oceanic Research and Recovery Inc. (PINKSHEETS: ORRV), a marine salvage and exploration company, today announced that team members have discovered two shipwrecks in the Philippines. Preliminary investigations indicate that at least one of the ships located is believed to be a Manila Galleon that was outbound from Manila to Acapulco, Mexico. The second wreck is believed to be an inbound Manila galleon which would be carrying silver and gold to be traded for oriental goods…
Oceanic Research & Recovery Funding Agreement
Oceanic Research and Recovery Inc. (ORRV), a marine salvage and exploration company, announced it has entered into a Private Placement for the amount of $1m. ORRV has received the first round of funding; under the terms of the agreement the balance of funds will be paid on a regular ongoing basis over a period of six months. This source of funding allows ORRV to meet certain outstanding obligations, continue refining its new organization and begin implementation of its business plan. RS Operations (RSOPS) and ORRV recently completed a merger between the two companies. The company intends to continue shallow-water activities while preparations are made to begin targeting deep-water shipwrecks.
