Marine-Finance.Com announced that Joe Pitch has signed on as Managing Director for Marine-Finance.Com LLC. Pitch joins former CitiCapital Commercial Marine Finance colleague Robert Girard, SVP, who, along with CEO Richard Paine, constituted the core of the CitiBank- affiliated marine group…
International Register of Shipping (IRS), an independent classification society, appointed Said Nassif as managing director as incumbent Bijimon Punnoose is promoted to the management committee.This new promotion of Punnoose will now allow him to develop global strategy for IRS…
GE Marine, a unit of GE Transportation, signed a business cooperation agreement with the Marine division of Ingeteam, a company headquartered in Spain that specializes in electronic control system automation and application engineering in the marine…
FMC Technologies, Inc. (NYSE: FTI) announced that it has been awarded a contract by Petrobras (NYSE: PBR) (NYSE:PBRA) to supply a subsea separation system for the Marlim field, located in the Campos Basin, offshore Brazil. The contract is valued at approximately $90m in revenue to FMC Technologies…
Cruisers Yachts received the CSI Award, the National Marine Manufacturers Association’s (NMMA) highest customer satisfaction recognition. 2009 marks the eighth year in a row that the Wisconsin manufacturer has received the honor in the category of “Inboard Express Cruiser Boats…
Horizon Lines, Inc., (NYSE:HRZ), the nation's leading domestic ocean shipping and integrated logistics company, has earned a 2009 Quest for Quality Award in the ocean carrier category from Logistics Management magazine.The Quest for Quality…
ESAB Welding & Cutting Products has announced a restructuring of its Florence, SC manufacturing operations. By the end of 2009, the manufacture of gantry cutting machines, arc equipment and plasma power supplies will be transitioned to other global factories…
In reaction to the increasing commuter traffic on the Bosporus, the municipal ferry enterprise IDO in Istanbul has commissioned four doubleended ferries with two Voith Schneider Propellers each. The four ferries operate on the route between…
According to the San Francisco Chronicle, federal prosecutors told a judge that the pilot of the container ship that struck the Bay Bridge in November 2007 ignored basic safety precautions, lied to licensing authorities about his prescription drug use…
China's largest private shipbuilder has signed this year’s biggest deal in terms of dead weight tons, according to the company. Jiangsu Rongsheng Heavy Industries Group signed a contract Friday with Oman Shipping to build four iron ore carriers…
Spyros M. Polemis, an international business leader who has spent more than 45 years in the shipping industry, has been elected to serve on the Stevens Institute of Technology Board of Trustees. Mr. Polemis was named to the board during its spring meeting…
The United Kingdom Hydrographic Office (UKHO) invites organizations to assist in the future development of its marine geographic information business, SeaZone Solutions Limited (“SeaZone”). SeaZone was established in response to a market need…
Royal Caribbean Cruises Ltd. (RCCL) has announced the appointment of Larry Pimentel to the newly created position of president and chief executive officer of Azamara Cruises. Pimentel will have responsibility for the strategic direction and…
At the end of June, Sealink Slipways at Miri delivered a 53.8-by-13.8-m Offshore and Support Vessel to Rederij Groen B.V. of the Netherlands. Unlike Sealink’s Venture G, the new Maria G is powered by a pair of Cummins KTA50-M2 mains and uses three Cummins QSM11DM-powered 245 kW generators…
Bender Shipbuilding & Repair Co. agreed to seek protection from its creditors, filing a Chapter 11 bankruptcy petition to reorganize.The company announced in a prepared statement that it intended to cut its workforce to about 300 to keep operations…
