People & Company News


SWIRE Oilfield Services Appoints New Sales Director

Aug 15, 2011

Swire Oilfield Services, a provider of offshore cargo carrying units and associated services has appointed David Rae as sales director in line with its significant investment plans.Rae brings a wealth of knowledge and experience to the company…

Moore Stephens: HMRC May Rethink Tonnage Tax Changes

Aug 15, 2011

Moore Stephens, understands that Her Majesty’s Revenue & Customs (HMRC) has agreed to re-examine, in consultation with the shipping industry, its earlier intention to unilaterally reinterpret the UK Tonnage Tax rules to the potential detriment of many shipowners…

Fazekas Joins Terresolve

Aug 12, 2011

Terresolve Technologies, an industry leader in producing environmentally safe lubricants and functional fluids, today announced that Stephen Fazekas has joined the company as director of business development.  Fazekas holds more than 21 years…

Mastry Supports USCG With Engine Training

Aug 12, 2011

Mastry Engine Center is well-known for its comprehensive training programs for recreational boat owners, dealers, the Navy and other customers.  Recently Mastry expanded its scope, providing three-day training sessions for the US Coast Guard…

HMS Completes Purchase of American Queen

Aug 12, 2011

HMS Global Maritime completed the purchase of the steamboat American Queen. Built in 1995, the American Queen, at 419-feet long, is the largest, most opulent riverboat ever built and offers 222 staterooms and suites that accommodate 436 guests attended to by a crew of 160…

Travelers Names Ray Martino President of Ocean Marine

Aug 12, 2011

HARTFORD, Conn., August 11, 2011 – The Travelers Companies, Inc. is pleased to announce the appointment of Raymond T. Martino as the President of its Ocean Marine business unit. Martino is responsible for the overall leadership and management of Travelers Ocean Marine…

MTS Houston Section Barbecue: October 20, 2011

Aug 11, 2011

This year’s MTS Houston Section Barbecue will be held on October 20, 2011 at Thrustmaster of Texas’s North Houston location off 290/FM529. This major fund-raiser event attracts over 400 participants, as well as some 50 exhibitors. More information available on the web at http://www…

DeSimone Named President XL Insurance

Aug 11, 2011

XL Insurance, the insurance underwriting operations of XL Group (NYSE: XL), appointed Richard DeSimone as President of its US Ocean and Inland Marine unit. DeSimone will be based in New York and reports to Neil Robertson, Chief Executive, Global Specialty in London…

Pfeifer New President, COO of Marine Travelift

Aug 11, 2011

Marine Travelift has announced the promotion of Erich Pfeifer to President and Chief Operating Officer beginning August 10, 2011. Erich Pfeifer is succeeding the company’s President and CEO for the past eight years, Steve Pfeifer. Steve Pfeifer…

TEN Execs Authorize Common Share Repurchase Program

Aug 11, 2011

Tsakos Energy Navigation Limited (TEN) announced that its Board of Directors has authorized a new share repurchase program on the company’s common shares allocating up to $20 million for purchases in the open market and in other transactions…

Huntington Ingalls Reports 2Q Earnings

Aug 11, 2011

Huntington Ingalls Industries, Inc. reported second quarter 2011 sales of $1.56 billion, down 2.9 percent from the same period last year, and operating margin of 5.8 percent, up from negative 1.2 percent last year. Second quarter diluted earnings per share was $0…

Hamworthy Launches Hamworthy Academy Training Service

Aug 11, 2011

Marine and offshore fluid handling specialist Hamworthy has launched a new learning initiative aimed at offering tailor-made training packages for its end users. The service, Hamworthy Academy, includes a range of courses which are designed…

WHOI Joins NOAA in "Battle of the Atlantic"

Aug 11, 2011

It’s been called everything from the Graveyard of the Atlantic to Torpedo Junction. By whatever name, the seas off the coast of North Carolina during World War II were the site of a devastating period for the United States, during which dozens…

Kongsberg Supplies STAR Center with DP Technology

Aug 11, 2011

STAR Center, located in Dania Beach, FL, is launching into the Dynamic Positioning (DP) Training market, expanding its simulation training services to the offshore, cable laying and cruise ship markets in the Gulf of Mexico and beyond.In…

Kirby Retires from SeaArk

Aug 10, 2011

SeaArk Marine announced the retirement of Vice President of Engineering, Casmer “Cas” Kirby. Kirby began his career with SeaArk Marine, Inc. in 1991 and was promoted to Vice President of Engineering for the company in 2006. During that time…

Current News

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Gulf Shipping Costs Fall After Israel-Iran Ceasefire

US Goods Trade Deficit Increased in May, Exports Declined

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