Fire Island Ferries: Built for the Fourth Generation & Beyond
Tim Mooney is the third-generation family member at the helm of the iconic Fire Island Ferries. While the company’s primary focus has been moving people to and fro, from the Long Island, NY mainland to the Fire Island barrier communities and beaches, the business has evolved and grown since its start in 1948 via acquisition and organic growth. Mooney discuss the assets, the people and the priorities to safely, efficiently keep his cumulative operation of moving about one million people annually in good order.There are ferry operators…
BIO-UV Group Announces New Leadership Appointments
France-based BIO-UV Group, a specialist in UV-, ozone-, salt-electrolysis- and AOP-based water-treatment technologies, has announced three senior appointments to support and strengthen the company’s expansion across new and existing markets.The changes include the appointment of Jean-Philippe Picard de Muller as Deputy General Manager of BIO-UV Group, the promotion of Steven Brady to Managing Director of Triogen in the United Kingdom, and the arrival of Patrice Garrigues as European Sales Director for the Group’s pool division.
JA Moody Announces Partnership with New Heritage Capital
JA Moody, a maritime supplier of fluid control valves, actuators, strainers, parts and services to the United States Navy and Commercial Marine industry, today announced a strategic partnership and investment from New Heritage Capital ("Heritage"), a Boston-based private equity firm specializing in founder-owned businesses.The investment was structured using Heritage's Private IPO solution, which preserves operational control for JA Moody's management while providing capital for accelerated growth.
On Board the eWolf: The First Electric Tugboat in the US
Crowley Maritime Corporation has owned and operated a lot of vessels since its founding in 1892. But the latest vessel to join its fleet is unlike any other that has come before it.Crowley’s new harbor tug, eWolf, is unique in that it runs 100% powered by batteries, not diesel engines, meaning it produces zero emissions and nearly no noise. Not only is the vessel the first fully electric tug in the Crowley fleet, but it is also the first of its kind in the United States.Faced with stricter regulations and commercial pressure to prioritize environmental…
Aker Capital Takes Larger Stake in Solstad Offshore
Aker Capital AS has acquired 8,240,000 shares in Solstad Offshore ASA, at an average price of NOK 48.45 per share.Following the transaction, Aker Capital holds 27,089,493 shares in the company, corresponding to an ownership interest of approximately 32.9%.Aker Capital AS is 100% owned by Aker ASA and represented on the board of the company by Frank Ove Reite. Frank Ove Reite also owns 356,509 shares in the company, through Fausken Invest AS.In its Q3 market update, Solstad was positive about demand for offshore services, both from oil and gas and renewables.
XLCC Concludes Model Testing for Its New Cable Layer
U.K. based cable company XLCC announced it has completed model testing on its new cable laying vessel (CLV) in the Netherlands.XLCC has partnered closely with the vessel designer Salt Ship Design, who has planned the vessel from conception using 3D engineering software.XLCC also partnered with SeaTec, the technical services division of global ship management company V.Group. SeaTec was appointed to develop the initial statement of requirements and has continued to support XLCC…
VLS Environmental Solutions Acquires Plaquemine Point Shipyard
Marine services company VLS Environmental Solutions, LLC announced it has acquired barge cleaning and repair yard Plaquemine Point Shipyard (PPSY). Terms of the transaction were not disclosed.Based in Plaquemine, La., PPSY is located just outside of Baton Rouge and provides full-service barge cleaning and repair along the Mississippi River. PPSY will operate within the VLS Marine Services division, and Wade Grundmeyer, VLS regional vice president of Southeast Louisiana, will run the business reporting to Eddie Van Huis…
Thyssenkrupp Acquires MV Werften's Wismar Shipyard
Thyssenkrupp's defense division hopes to start building for the German navy from 2024 at a shipyard in Wismar, northern Germany, once owned by insolvent MV Werften, its head said on Friday after it bought the site.Chancellor Olaf Scholz, in a policy shift after decades of attrition of Germany's armed forces, pledged in February after Russia invaded Ukraine to sharply increase defence spending, including an initial 100 billion euro ($106 billion) fund.Thyssenkrupp Chief Executive Martina Merz said last month that decision was "beneficial" to its marine services division (TKMS), which said on Fr
Lewis Named Partner in MidAtlantic Engineering
MidAtlantic Engineering Partners (MidAtlantic), a civil, environmental, and marine engineering and surveying firm, is pleased to announce that W. Stuart Lewis, P.E. is a partner in the firm. Since joining MidAtlantic, he has successfully led the company’s Marine Services Division. Lewis joined MidAtlantic in February 2017, and since that time has developed and grown the Marine Services Division into a multi-disciplinary infrastructure group providing in-water and waterfront engineering and consulting services including dive services, structural design, permitting oversight, and inspections.
Rawabi Vallianz Offshore Services Equips Fleet with Fueltrax Fuel Management System
Rawabi Vallianz Offshore Services (RVOS) has chosen to outfit its entire fleet of vessels with the Fueltrax Electronic Fuel Management System (EFMS) to ensure accurate fuel usage transparency and emissions tracking.RVOS, a JV between Rawabi Holding, a diversified conglomerate of Saudi Arabia and Vallianz Holdings Limited of Singapore. It provides offshore support vessels and integrated offshore marine solutions to support the global energy industry.RVOS is initially outfitting nearly half of its fleet with the EFMS after a trial of the system that concluded in late 2021.
Lloyd’s Register Acquires GreenSteam
Classification society Lloyd's Register (LR) announced Thursday it has acquired GreenSteam, a marine data intelligence company specializing in improving vessel efficiency through machine learning. The acquisition will be integrated and managed by i4 Insight, a subsidiary of Lloyd’s Register. i4 Insight, part of LR's Maritime Performance Services business, is a digital platform that allows shipowners, operators and charterers to access insights on vessel performance and fuel consumption across their fleets.
Electronic Navigational Charts: An Update and Some Issues
In November 2019, the Office of Coast Survey (OCS), part of the National Oceanic and Atmospheric Administration (NOAA), announced the start of a five-year program to “sunset” all raster and paper nautical charts.NOAA has produced electronic navigational charts (ENCs) since 1993. In the 2019 notice, NOAA writes that “ENC sales increased 425% since 2008, while sales of paper charts are now half of 2008 levels.”For NOAA and mariners, a focus on electronic charts and publications promises many advantages. With a singular focus, NOAA can use its resources more efficiently.
Huntington Ingalls Industries Names Gokhale Technical Solutions VP
America’s largest military shipbuilding company Huntington Ingalls Industries (HII) announced that Ashutosh Gokhale has been appointed vice president, business management and chief financial officer for its Technical Solutions division.Gokhale will replace Billy Jahn upon his retirement on July 9 and will be responsible for all financial management and business management functions in Technical Solutions. Gokhale will be located at HII’s offices in Fairfax, Va., and will report to Andy Green…
Crowley Wins Arctic Fuel Distribution Contract
The U.S. Defense Logistics Agency-Energy (DLA-Energy) has awarded Crowley Solutions a five-year, $15 million contract for fuels transportation and distribution services for the Canada North Warning System locations supporting the nations’ joint security efforts.Serving the Canadian arctic region, Crowley will provide ocean transportation of Aviation Turbine, Kerosene Type Jet A-1 w/FSII & CI to stations across the region, leveraging decades of experience in the Arctic. Services…
Colonial Group Announces Leadership Changes
Savannah-based Colonial Group Inc. has announced a new era of leadership as it prepares to mark a major milestone in the company’s history in 2021.Christian B. Demere (Demere) has been named chief executive officer, succeeding his father, Robert H. Demere, Jr. (Demere Jr.), who had been in the position since 1986. Colonial Group has continued to operate as a privately held business since 1921 through the chairmanships of its founder, Raymond Demere; his son, Robert H. Demere Sr.; and Robert’s son, Demere Jr.“The time has come to pass the torch to the fourth generation,” said Demere Jr.
Fincantieri to Open Ship Repair Yard in Mexico
Fincantieri is teaming up with the Mexican government to open a new shipyard that will provide repair, conversions and maintenance cruise ships, large cargo vessels and oil and gas vessels.The Italian shipbuilding giant revealed Tuesday that it has signed a letter of intent (LoI) with the Ministry of Economic Development and Labor of the Yucatán State (Mexico) to participate in the design and construction of the new facility, located within the expansion and modernization of the Port of Progreso, the main port of the state, approximately 35 kilometers from the capital Merida.
Bollinger Buys Gulf Island’s Shipyard Facilities
Lockport, La.-based Bollinger Shipyards has acquired Gulf Island Fabrication’s shipyard facilities in nearby Houma for approximately $28.6 million.The purchased site encompasses 437 acres on the west bank of the Houma Navigation Canal, of which 283 acres is unimproved land that is available for expansion. The facility includes 18,000 square feet of administrative and operations facilities, 160,000 square feet of covered fabrication facilities and 20,000 square feet of warehouse facilities. It also has 6,750 linear feet of water frontage, including 2,350 feet of steel bulkheads.
Offshore Drilling: It’s Going to Get Worse Before It Gets Better
The Offshore Rig Market – At $30 Oil Offshore Drillers May Be Out of OptionsCOVID-19 and low oil prices are already having an impact on the offshore rig market as contractors face crew and logistical challenges and E&Ps attempt to prioritize drilling campaigns.Contract scrutiny has already led to a few contract cancellations and the first claims of force majeure.However, contract options are at most risk. Over $1.6 billion in contract value is at stake for options that are due to be exercised this year.
Hepburn and Sons Adds Senior Naval Talent
The Hepburn and Sons LLC team welcomed David Rice, CAPT David Bauer, USN (Ret), and Gary Loberg as their newest members. David Rice serves as Senior Consultant, Material Science. David Bauer will serve as the Senior Manager, Material Science. Gary Loberg serves as Senior Manager, Advisory Services.David Rice comes to Hepburn and Sons, LLC after a career spanning 45 years at Newport News Shipbuilding (NNS). During his time at NNS he served as the Manager of Contracted Research & Development and was responsible for Research & Development Programs funded by ONR/ManTech…
Windstar Cuts Steel for Second Star-class Ship from Fincantieri
esterday at Fincantieri’s shipyard, in Palermo, Italy, Christopher Prelog, Vice President of Fleet Operations for Seattle-based Windstar Cruises, activated the torch to make the first cut in the new steel that will become the newly constructed mid-section of the company’s new ship MS Star Legend. This is the second of three new mid-ship sections being designed and constructed as part of Windstar’s $250 million Star Plus Initiative which aimsto expand and transform the line’s three Star-class vessels.“This is a momentous day for Windstar as we reach another major milestone,” said Prelog.
Caribbean Maritime Sector Going Green
Government and private stakeholders have expressed their support for climate action in the Caribbean, with a focus on decarbonizing the shipping sector.According to International Maritime Organization (IMO), during a regional workshop on Capacity Building for Climate Mitigation in the Maritime Shipping Industry, held at the Chaguaramas Campus of The University of Trinidad and Tobago (1-3 July), Caribbean maritime sector committed to decarbonization.The workshop, the second for the region, was hosted by the Maritime Technology Cooperation Centre (MTCC) Caribbean - one of five regional centers established under the IMO-led, European Union-funded Global MTCC Network (GMN) project.Participants were updated on pilot projects completed by MTCC-Caribbean…
Damen Launches Financial Services Division
As of April 1, 2021, Damen Shipyards Group will start a specialized Financial Services division to support clients in the financing of new ships by means of both operational and financial lease constructions.In itself it is not new that Damen assists its clients in attracting financing for new ships. This has been happening for 30 years, the company said. “However, the demand for lease solutions is increasing,” explained Jan Willem van Helden, managing director of Damen Financial Services.
LR to Focus on Shipping with Sale of Division to Goldman Sachs Arm
British professional services provider Lloyd’s Register (LR) has agreed to sell its business assurance and cyber security division to Goldman Sachs Asset Management as the company focuses on maritime activities, executives said on Tuesday.The deal is expected to be completed during the second half of 2021 subject to regulatory approval, the companies said.When asked about the value of the transaction, an LR spokeswoman said it “exceeds $100 million”.LR’s business assurance & inspection…