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Promet Launches Offshore Supply Vessel For Jackson Marine

Promet Private Limited, Singapore, recently launched another of its offshore supply vessels. Sponsor of the NMS 209 (shown above) was Mrs. Hugh Jackson, wife of the president of Jackson Marine Corporation, owner of the vessel. This $3.5-million

 

Fred S. Sherman Elected AIMS Board Chairman

A key East Coast shipping executive, long active in U.S. maritime affairs, has been elected chairman of the board of the American Institute of Merchant Shipping (AIMS) for the next 12 months. He is Fred S. Sherman, chairman of the board, Marine Transport Lines, Inc.

NY Navigation Channels: The Really Big Dig

Boston can claim its new tunnel project as the "big dig", but the nearly $3 billion effort to dredge navigation channels in and around New York to 45 — and eventually 50 ft. — is the second largest USACE project; ever. - by Greg Trauthwein The

Crowley Maritime Celebrates 100 Years Of Service

A highly diversified maritime service company and owner of one of the world's largest privately-owned tug and barge fleets, Oakland, California- based Crowley Maritime Corporation is commemorating its centennial in 1992. Crowley Maritime began

EnSolve Biosystems1 Senior Scientist Receives Top Honor

Dr. Donald W. Kelemen, senior scientist of EnSolve Biosystems, has been selected as an honoree for the 2000 American Chemical Society's Industrial Innovation Awards Program. Dr. Kelemen is a co-founder of EnSolve Biosystems and played an instrumental

Siemens To Supply Full Electrical System For New Research Vessel

The contract to install a complete electrical system onboard the new ocean research ship being built for the Royal Norwegian Defense Research Institute has been awarded to the Siemens Marine Department, Bergen, Norway. The contract was awarded to Siemens,

Supertanker Brooklyn Sold By Seatrain To General Electric Credit

Seatrain Lines, Inc. has announced the sale of its 225,000-dwt supertanker Brooklyn to 'General Electric Credit Corporation. The first vessel 'built by the company's Seatrain Shipbuilding subsidiary at the former Brooklyn Navy Yard, and the largest

Analysts Speculate Possible Carnival / Hapag-Lloyd Deal

Carnival Corp said that its growing cash holdings were spurring market speculation that the world's largest cruise group was on the acquisitions trail. A spokesman for the Miami-based operator of 45 cruise ships, declined to speak directly to reports

Puerto Rico's First Shipyard Launched With $9-Million Loan

Puerto Rico has won U.S. Farmers Home Administration approval of a $9-million loan which paves the way for immediate construction of the Island's first shipbuilding yard, to be located at a 68-acre site on Guanica Bay. This new venture into heavy industry

As Banks Step Down, Equipment Finance Companies Step Up

Shipowners are known for having distinct differences of opinion, but the one thing that all agree on is the importance of having access to capital. In an industry in which assets are generally bigticket items and operating margins can be thin,

 
 
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