Vigor, MHI Acquired and Merged
In one a dramatic U.S. shipbuilding and repair move it was announced today that The Carlyle Group (NASDAQ: CG) and private equity firm Stellex Capital Management signed a definitive agreement to acquire and merge Vigor Industrial LLC, an infrastructure, defense, and maritime services company based in Portland, Oregon, and MHI Holdings LLC, a ship repair, maintenance, and other ship husbandry services company based in Norfolk, Virginia.The transaction, subject to customary closing conditions…
Miami Delegation Returns to Port of Cape Town
Transnet National Ports Authority (TNPA) welcomed a high-level delegation from the Miami-Dade County in the United States for a tour of South Africa’s second busiest port, the Port of Cape Town, on Tuesday, March 26, 2019. The visit formed part of the Miami-Dade Business Development Mission to South Africa from March 24 to March 27, 2019.The Miami-Dade delegation was led by Ms Audrey M. Edmonson, Chairwoman of the Miami-Dade County Commission. She was joined by senior representatives of entities including Miami-Dade Aviation Department…
M.A.R.S. Opens New Location
Modern American Recycling Services, Inc. (M.A.R.S.),a leader in the scrap recycling industry, completed a transaction acquiring World Marine, LLC on January 22, 2019. The acquisition includes World Marine’s Alabama facility in Mobile, boasting over 4,400 feet of deep water access on the Mobile River as well as a Panamax-capacity floating dry dock.The new location will be operated under the name Modern American Recycling & Repair Services, LLC (M.A.R.R.S.). In addition to recycling services, the facility will continue to operate as a full-service shipyard.
West Calcasieu Port Barge Basin Dredge Work Completed
Dredging operations in the West Calcasieu Port’s west barge basin were completed today and that all tenant operations in the basin have returned to full operations, port officials announced today.Coastal Dredging of Hammond, La., was the contractor on the $1.3 million maintenance dredging project that removed more than 140,000 cubic yards of spoils over a 10-week period. The port’s barge basin depth was returned to a minus-10 feet, and the spoils were relocated into the ports…
Singapore Tops World's Shipping Centre Rankings in 2018
Singapore has emerged as the world's top maritime center for the fourth consecutive time in the Xinhua-Baltic International Shipping Center Development Index. "Singapore remains unmoved at the top of the International Shipping Centre Development (ISCD) Index for the fifth successive year, following a benchmark report published today (10 July 2018) by the Baltic Exchange and Xinhua, China’s news agency," said a press release. The index covers 43 of the world’s largest ports and…
Floating Docks Arrive at Damen's Curaçao Yard
Two floating docks have completed their 26-day voyage across the North Atlantic to Damen Shiprepair Curaçao (DSCu) in the southern Caribbean.The larger of the two is a Panamax-class dock measuring 230 meters by 45 meters for tankers, containerships and other large vessels, while the smaller dock measures 108 meters by 23 meters for all kinds of tugs, workboats and offshore support and anchor handling vessels.The two docks were delivered by the heavy-lift carrier Xin Guang Hua to the Port of Willemstad, Curaçao on April 26, following a trip with more than its share of bad weather.
Union Pacific Names TRAC Interstar Preferred Road Service Provider
Union Pacific has named TRAC Interstar as its preferred national provider of emergency road service covering the entire U.S. Motor carriers can select TRAC Interstar when calling Union Pacific’s Road Service Number. The agreement was effective March 12, 2018. A subsidiary of TRAC Intermodal, TRAC Interstar is a provider of emergency road service repair solutions for the intermodal and commercial trucking industries. TRAC Interstar’s dedicated call center operates 24/7/365 and uses a proprietary dispatch system to provide response and repair services.
Intermarine UK Opens New Facility
Maritime engineering company Intermarine UK has unveiled growth plans after investing a six-figure sum in a new 2,400sqm fabrication and welding facility at Portland Port in Dorset, U.K. creating up to 60 new jobs for local people in the next two years. The move sees Intermarine UK sign a 20-year lease and move its U.K. head office from Bridgend to Portland Port, a former naval base and the world’s second largest manmade harbor. Inter Marine Group President Slawomir Kalicki said the Polish owned company will start operations from March offering ship repair services at Portland.
Two New Tugs for KZN Ports
Transnet National Ports Authority (TNPA) celebrated a twin milestone for its KwaZulu-Natal ports as part of its R1.4 billion ($106.3 million), nine-tug construction contract. On Thursday, 22 August the new USIBA tug was christened and named ahead of its delivery to the Port of Richards Bay, while the Port of Durban took delivery of its Umbilo tug which had been launched and named in May. The vessels are the sixth and seventh respectively to roll off the production line on time and within budget. All nine tugs are being built by Southern African Shipyards in Durban.
Double Certification for Albwardy Damen
Albwardy Marine Engineering/Damen Shipyards Sharjah has recently received two quality management certifications: the first involving the new ISO 9001:2015 Management System Certificate awarded by Lloyd's Register Quality Assurance (LRQA), and the the second is the American Petroleum Institute’s API Specification Q1. At a recent presentation at Albwardy Damen’s facilities in the Sharjah Hamriyah Free Zone of the United Arab Emirates, representatives from LRQA awarded the yard the ISO 9001:2015 certificate.
Underwater Inspections a Boon - Hydrex
Building upon conventional technical skills and know-how while also taking advantage of the latest technology, Hydrex offers a unique hull monitoring service to its customers. This gives shipowners total control of their ship's hull condition and consequently its performance, with only a minimum of work on their part. Underwater inspections represent a small investment and, if properly done, have the potential to save an owner a great deal of money. * Problems with the propeller such as bent or damaged blades (which can put undue strain on bearings)…
APM Terminals Takes Full Control of APM Terminals-Aarhus
Aarhus Service Holding A/S has sold its 40% share in APM Terminals-Aarhus A/S to its JV Partner since the 2010 merger of adjoining facilities in Denmark’s largest port; container volumes have steadily increased over the past four years. Aarhus, Denmark – APM Terminals has reached an agreement with joint venture partner Aarhus Service Holding for the purchase of the remaining 40% of the existing APM Terminals-Aarhus A/S facility, strategically-located on the Jutland Peninsula, in Denmark’s busiest port.
Port of Hueneme Jobs Impact Up 25%
The Port of Hueneme realized record economic growth with indirect, direct, induced and related jobs up 25 percent according to a new Economic Assessment prepared by Martin Associates, a firm specializing in economic analysis for the U.S. port industry. The Report indicates that numbers soared from 10,226 jobs in 2012 to 13,632 jobs in 2015, underscoring the importance of the Port as a major catalyst in Ventura County and the state of California economies. “The success of the Port impacts the success of the entire region,” said Oxnard Harbor District Commission President Dr. Manuel Lopez.
TAS Offshore Sees Another Vessel Deal Axed
Malaysia’s shipbuilding and ship repair services firm, TAS Offshore, has received yet another termination of a shipbuilding contract from the same client, this time for an offshore construction vessel (OCV). TAS Offshore’s wholly-owned subsidiary, TA Ventures, received the notice of termination from QMS1 Offshore Services (QMS1). In a filing with Bursa Malaysia, the shipbuilder said the latest contract, valued at US$11.7mil (RM45.8mil), was for the construction of an offshore construction vessel with the delivery date being Dec 11, 2015.
SGS Acquires Sea Sub Systems
Subsea Global Solutions (SGS) has acquired the assets and personnel of Sea Sub Systems, an underwater vessel repair services company based in Tampa, Fla. The Tampa office, including all staff and equipment, will be rebranded Subsea Global Solutions and will provide the company with an expanded presence in the region. “Sea Sub Systems has been SGS’s partner for many years on the West coast of Florida. This acquisition provides us a local resource of experienced, skilled people whom we’ve been training and developing for decades,” said Paul Peters, Chief Executive Officer at SGS.
China, Iran key Drivers for New Suez Canal
The new deeper Suez Canal will be a beneficiary of the ‘One Belt One Road’ initiative taken by China’s leader Xi Jinping, especially when it comes to the opening up of the Iranian market following the lifting of international sanctions and the moving into importance of the Indian refinery markets, according to Denis Petropoulos, President of Braemar Shipping Services Asia. Iran is probably the most notable frontier for new business within ‘One Belt One Road’, delegates were told.
Tsuneishi to Invest in Indonesia Shipyard Business
Japanese shipbuilding and maritime transport company Tsuneishi Holdings will invest up to $40 million to open ship repair services in Indonesia amid increasing efforts by the government to boost the archipelago's maritime industry, reports Jakarta Globe. Yasuharu Fushimi, chairman and president at Tsuneishi Holdins, said in a statement: "We see a big potential in Indonesia's shipping industry. Tsuneishi's venture into Indonesia is estimated to create up to 1,000 jobs, says the statement.
Tsuneishi Seeks Foothold in Indonesian Shipyard Business
Japanese shipbuilding and maritime transport company Tsuneishi Holdings has expressed a commitment to invest up to $40 million to open ship repair services in Indonesia, reports The Jakarta Globe. The Hiroshima Prefecture-based company plans to invest US$40 million in a ship repair project in Indonesia, chief of the Capital Investment Coordinating Board (BKPM) Franky Sibarani said. Tsuneishi made the commitment at a meeting in Fukuyama with Franky Sibarani when the latter visited Japan last Monday as part of increasing efforts by the government to boost the archipelago’s maritime industry.
Eastern Debuts ‘Thunderbolt’ Towboat
Eastern Shipbuilding Group, Inc. introduced its new 120-foot, 4,200-horsepower Inland Towboat design, THUNDERBOLT, combining twin electric V-Pod propulsion and diesel-electric technology for what the builder calls its “vision of the future for the U.S. Eastern said the idea for the THUNDERBOLT came from across the aisle conversations at the 2013 International WorkBoat Show in New Orleans. On the rivers, thruster propulsion systems are starting to get noticed and are outperforming conventional nozzle propeller propulsion systems with main/flanking rudder steering.
TPG Marine Acquires Chicago Dry Dock
Indiana-based TPG Mt. Vernon Marine, LLC purchased Chicago Dry Dock, a Chicago area shipyard founded in 1979. Chicago Dry Dock operates on the Calumet River and offers unencumbered access to both the Great Lakes (via Lake Michigan) and the Inland River System (via the Calumet/Des Plaines/Illinois Rivers). Founded as Kern Barge Cleaning and Repair, CDD purchased its first dry dock in 1995 and was renamed and incorporated as Chicago Dry Dock in 1996. Operating from seven acres less than three river miles from Lake Michigan…
Drydocks World wins ADIPEC Awards
Drydocks World and Maritime World, the international providers of maritime and offshore services to the shipping, oil, gas, and energy sectors have been awarded the Best Oil & Gas Project Award for outstanding Project Excellence on the SOLAN Project. The gala event was held on the 30th anniversary of Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC) at the Emirates Palace, Abu Dhabi on November 10 2014. According to ADIPEC officials, the judging panel received 396 participant entries from over 100 companies across 27 countries.
OIMO Adds Fuller to Leadership Team
Offshore Inland Marine & Oilfield Services, Inc. (OIMO), a company in topside and riding crew repair services, announced the appointment of a new executive to the company’s leadership team – Nick Fuller, Director, Business Development. In this role, Fuller will be leading the sales and marketing teams to create growth and sustainability to OIMO and reporting to Jack Berglund, Sr. VP Commercial. He will also hold a contributing role on the senior management team. Fuller brings…
Searching for a career with Military Sealift Command?
For the inaugural insertion of Maritime Professional Recruiter MarPro sought and delivers insights from one of the leading maritime recruiters in the United States and the world, the Military Sealift Command, with a workforce that consists of more than 9,500 people worldwide, most of whom serve at sea. In fact, about 80% of its people serve at sea, aboard non-combatant Navy ships, as civil service mariners (CIVMARs) who are federal employees. The remainder includes commercial mariners, civil service personnel ashore and active duty and reserve military personnel.
GWMC Appoints Strand and New Board Members
Goltens Worldwide Management Corp. (GWMC) has announced the appointment of Roy Strand as Chief Operating Officer. Strand has previously served as the Vice President of Operations in the Americas and Europe, and will continue to serve as the Advisory Board Chairman within the Goltens Worldwide group of companies. Prior to joining Goltens, Strand held various managerial and global executive positions in the professional services field, including at KPMG Consulting, Netegrity and Computer Associates.
The Gulf Set to Rival China's Ship Repair Capacity
“The Middle East is a world-class centre of excellence for ship repair with a number of well respected shipyards already offering a diverse range of services. We are seeing new joint ventures between the region and Asia in the dry dock sector, with the Gulf set to offer the largest ship repair capacity outside of China,” noted Chris Hayman, Chairman of Seatrade, organisers of Seatrade Middle East Maritime. International and regional shipping operators, ports, financiers and maritime…
Branch Named Human Resources VP at Hoover
Hoover Container Solutions, a subsidiary of Hoover Group, Inc., announced that Rod Branch has joined Hoover as Vice President of Human Resources. He will report directly to Paul Lewis, President of Hoover. Branch’s responsibilities include talent acquisition, employee relations, organizational design, performance management, compensation planning and change management initiatives. Branch joins Hoover with 20 plus years of experience and a diverse background in both large and small organizations.