Do they save you time, money, and aggravation?• CautionOver the last decade, the legal community has embraced alternative dispute resolution modalities, such as mediation and arbitration, as tools to resolve disputes between litigants…
IHC Merwede strengthens its internationalisation strategy with new CEO for South East Asia.IHC Merwede, a global maritime, engineering and manufacturing group, has appointed Denis Welch as its CEO for South East Asia. He will be responsible…
Continuing to expand its vast worldwide network, Sea-Fire has appointed a new UK distributor. Based in Southampton, England, Ocean Safety Ltd. specializes in marine safety equipment.'We are delighted to partner with Ocean Safety,' said Richard Duckworth…
In its summary of interim report Q3 2011, Nordic Tankers said that in the third quarter of 2011 the time charter equivalent (TCE) revenue dropped back to the low levels of the first quarter of 2011. The main reason was the continued weak freight rates…
Hapag-Lloyd generated an operating result (adjusted EBIT) of EUR 36.7 million in the third quarter 2011. This took the operating result for the first nine months of the current financial year to EUR 78.8 million. EBITDA came to approx. EUR 275 million in the first nine month of 2011…
NecesSea, L.L.C., a new private company in Covington owned by Jennifer Comeaux will launch its management solutions software for the Oil & Gas Industry during Workboat 2011 on November 30, in New Orleans. A demonstration and launch party will be held at the New Orleans Marriott…
Capital Product Partners L.P. (NASDAQ: CPLP) secured long term fixed rate time charter employment with profit share arrangements for its remaining spot VLCC, the M/T Achilleas. In particular, the M/T Achilleas (297,863 dwt, built 2010 Universal Shipbuilding Corp…
Signal International announced that on November 16, 2011, its Texas Operations in Orange, Texas achieved one full year, working 451,116 man-hours, without the occurrence of an OSHA recordable incident, a significant safety milestone within the U…
Local relationships, backed by 80 years of experience, help this independent engineering and design firm make waves in the competitive Gulf Coast design and build markets. Founded in 1929, Gibbs & Cox naval architects have designed warships and auxiliaries in the U…
With the increasing use of armed guards on ships and the fear that second-rate security firms may take advantage of the piracy situation, BIMCO is forging ahead with the development of a standard contract for the employment of armed guards. The new contract…
H2O, Inc., a leading water system equipment provider, has named David N. Dixon Project Manager, announced H2O President Jess Fike.Based in Lafayette, La., Dixon’s responsibilities include project management and scheduling for complex engineering…
Wärtsilä Corporation reached agreement with the Board of Hamworthy plc, a UK listed engineering company focussed on the marine and oil and gas sectors, in regards to a recommended cash offer for the acquisition of Hamworthy. Under the terms…
Signal International announced that on November 16th, 2011, its Texas Operations in Orange, Texas achieved one full year, working 451,116 man-hours, without the occurrence of an OSHA recordable incident. This is a significant safety milestone…
JMS Naval Architects & Salvage Engineers (JMS) has named Blake Powell to the position of President. Mr. Powell previously served as Vice President. Rick Fernandes, who has been with the firm since its founding, has been named Vice President…
To put its marine insurance experience closer to their clients, agents and brokers, the Marine insurance unit at XL Group plc (NYSE: XL) announced additional underwriting appointments further establishing its inland marine field operation. XL’s new Inland Marine Field team includes Michael Perrotti…
