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PressReleases 
Articles Marex Corporate News and Press Releases
MAN Diesel Power for Record Breaking Catamarans
Wednesday, July 26th, 2006
Following closely on a contract for nine engines to power what will be the largest vessel in the world, MAN Diesel has now announced a contract for eight engines to power two record-breaking catamarans. The catamarans will be the latest in a series of fast multihull ferries from leading catamaran exponent Incat of Tasmania, Australia. With an overall length of 112 metres and a beam of 30 metres, the new catamarans are the largest ever built in Australia, an acknowledged centre of excellence in this shipbuilding sector. Moreover, in a further distinction, the new contract also involves the first orders ...
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HORNBLOWER MARINE SERVICES PICKS HEAD OF HAWAII SUPERFERRY
Wednesday, July 26th, 2006
Hornblower Marine Services is proud to announce the appointment of Bill Annand as Director of Marine Operations for Hawaii Superferry. Hornblower Marine Services, based in New Albany, Indiana, is contracted to operate the long-awaited passenger ferry between Honolulu and the islands of Maui and Kauai. Passenger service is scheduled to begin in August 1007. “Bill Annand is an outstanding professional with over 25 years experience in the marine industry and business development,” says John Waggoner, Chief Executive Office of Hornblower Marine Services. “With Bill’s track record and seasoned leadership, we are highly confident that Hawaii Superferry will be a great ...
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ZF Marine LLC Appoints New Account Manager
Tuesday, July 25th, 2006
FT. LAUDERDALE, Fla. -- ZF Marine -- the market leader in pleasure craft propulsion systems -- announced that Stephen Taylor has been appointed Account Manager for the Gulf Coast and Inland River region. Taylor comes to ZF Marine with 20 years of Marine Propulsion experience working on commercial and government projects, in project management, and sales and marketing. Taylor will be based out of ZF Marine LLC's St Rose, Louisiana facility. ZF Friedrichshafen AG is a leading worldwide supplier of driveline and chassis technology. Headquartered in Friedrichshafen, Germany. The company has a total workforce of 54,500 at 125 locations in ...
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Multraship helping Bourgas realise its potential
Monday, July 24th, 2006
LEADING salvage and towage company Multraship is working with Belgian dredging specialist Dredging International to dredge a channel to the new terminal being engineered at the strategic Bulgarian port of Bourgas in order to enable panamax-size vessels to operate there, without the need to lighter outside the port area. Multraship recently undertook two harbour towage projects, involving the positioning of two cranes, bringing to eight the total number of such projects carried out in Bourgas. The positioning of the two cranes will significantly increase the efficiency of the port, and the service to operators. Trade through Bourgas increased by more ...
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Delivery of WilSuperior
Monday, July 24th, 2006
Awilco Offshore has today taken delivery of its third Ultra Premium jackup drilling rig. The rig has successfully been delivered from PPL Shipyard in Singapore. WilSuperior is of the Baker Marine Class 375, capable of drilling in water depths of up to 375 feet and to drill high pressure and high temperature wells down to 30,000 feet drilling depth. After completion of operational preparation the rig will be delivered to Thang Long Joint Operating Company for commencement of its 12 months contract offshore Vietnam. Oslo, 24 July 2007 Henrik Fougner, Managing Director Telephone: +47 906 88608 Awilco Offshore has invested ...
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Marine Terminals Corp. Welcomes M/V Star Stratos in San Diego
Sunday, July 23rd, 2006
International stevedore and terminal operating company Marine Terminals Corp. celebrated the maiden voyage arrival of Star Reefers’ new M/V Star Stratos into the Port of San Diego on July 12 with a commemorative plaque, presented to vessel Captain Antonio Arriesgado, Jr., by Port Commissioner Michael Bixler. Built in Japan, the reefer carrier has the capacity for 6,000 pallets under deck and 100 containers on deck. During this maiden vessel call, MTC discharged 5,144 pallets of Australian citrus products for Riversun Export PTY, Ltd. MTC Site Manager Gary Oleson spoke about anticipated cargo volumes. “This year should be a record season ...
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Keppel clinches specialised ship contracts totalling S$350 million
Sunday, July 23rd, 2006
Keppel Singmarine Pte Ltd (Keppel Singmarine), the wholly-owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has secured four contracts worth a total of S$350 million (US$230 million) to build six offshore support vessels (OSV) and a derrick pipelay vessel. Delivery dates for these vessels are expected between the second half of 2009 and the first half of 2010. This is the first time that Keppel Singmarine is building a derrick pipelay vessel, and for a new customer, Global Offshore International Ltd (Global Offshore). Mr Hoe Eng Hock, Executive Director of Keppel Singmarine, said, “Derrick pipelay vessels are highly ...
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2007 Charity Dragon Boat Race
Saturday, July 22nd, 2006
SpecTec have yet again entered a Dragon Boat Team and are hoping to beat last year's total raised for charity. We have a typical SpecTec International participation with team members from Germany, Netherlands, Poland, Cyprus and Italy. It's all good fun and for a good cause, as all the money raised will go to Red Cross. You can sponsor us online at http://www.justgiving.com/SpecTec Paul Ashton VP Northern Europe www.spectec.net
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RESOLUTIONS PASSED AT EXTRAORDINARY GENERAL MEETING
Thursday, July 20th, 2006
The Board of Directors of ASL Marine Holdings Ltd. wishes to announce that at the extraordinary general meeting (“EGM”) of the Company held on 20 July 2007, all the resolutions set out in the notice of the EGM dated 4 July 2007 were duly passed. BY ORDER OF THE BOARD Ang Kok Tian Chairman and Managing Director
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LATEST NEWS FROM HELIX ENERGY SOLUTIONS GRP INC COM (HLX: NYSE)
Thursday, July 20th, 2006
• NEW YORK, July 20 (Reuters) - Natural gas shipments have begun from the ultra deepwater Independence Hub which is expected eventually to pump 10 percent of U.S. Gulf of Mexico production, project partners said on Friday. First production began on Thursday from the semi-submersible platform, which sits in 8,000 feet of water 123 miles southeast of Biloxi, Mississippi. Companies involved called Independence the deepest production platform ever installed and the largest offshore natural gas processing facility. Output from the first well is expected to ramp up to approximately 50 million cubic feet per day over the next week, while ...
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MacGREGOR wins major offshore deck machinery orders
Thursday, July 20th, 2006
MacGREGOR’s new Offshore division has recently won deck machinery contracts for cranes, winches and davits worth around €57 million The MacGREGOR Group’s Offshore division -- which is part of the Cargotec Corporation -- has won approximately €57 million of offshore deck machinery orders for various offshore supply vessels and FPSO’s for several different shipowners. The vessels will be built in Norway, Singapore, China, Malaysia, Japan and the Middle East. The orders comprise offshore cranes, with and without Active Heave Compensation, and davits sold under the Hydramarine brand, and anchor-handling winches and mooring winches sold under the Plimsoll brand. The orders ...
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Austal USA Occupies New Panel Line Shop
Wednesday, July 19th, 2006
Facility provides additional manufacturing space as well as office/meeting space Austal USA has received a Certificate of Occupancy from the City of Mobile for the newest addition to its Alabama shipyard - a Panel Line Shop. Located on the north side of Assembly Bay One, the Shop opens directly into the assembly bay allowing panels to be easily transported from the shop onto the production floor. The ground floor of the building, where the panels are assembled, is 200’ long by 45’ wide, totaling over 9,000 square feet. The second level will house offices and meeting/training rooms. The Panel Line ...
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PANAMA CANAL AWARDS FIRST CONSTRUCTION CONTRACT UNDER THE EXPANSION PROGRAM
Wednesday, July 19th, 2006
CONTRACT AWARDED TO CONSTRUCTORA URBANA S.A. PANAMA CITY, Panama, July 19, 2007 -- The Panama Canal Authority (ACP) took one step closer to breaking ground for the expansion of the Panama Canal Tuesday, when it officially awarded the first expansion construction project contract to Constructora Urbana S.A. (CUSA). The selection process began May 7, when the ACP released its request for proposals to begin the first of five dry excavation projects to create the new Pacific Locks access channel. This new channel will link a new, third set of locks on the Pacific end of the Canal with the existing ...
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Aker Kvaerner awarded process systems contracts
Tuesday, July 18th, 2006
18 July 2007 - Aker Kvaerner has signed three new contracts for design and supply of oil and gas treatment packages. The total value of the three contracts is approximately NOK 160 million. One of award is with Hyundai Heavy Industries for design and supply of all inconel gas/glycol dehydration unit to to Adma Opco's Umm Shaif offshore field in the Emirates. The second contract is with Maurel & Prom where Aker Kvaerner will deliver crude desalting facilities to Maurel & Prom's new crude production site in Gabon mid 2008. The third contract has been awarded by BG Group. Aker ...
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StealthGas Inc. Announces Pricing of Follow-On Public Offering
Tuesday, July 18th, 2006
July 18, 2007 ATHENS, GREECE, STEALTHGAS INC. (NASDAQ: GASS), a ship-owning company serving the liquefied petroleum gas (LPG) sector of the international shipping industry, announced today that its follow-on public offering of 7,200,000 shares of common stock, representing an increase of 1,200,000 shares from the originally proposed offering size, was priced at $18.00 per share. In addition, the Company has also granted the underwriters a 30-day option to purchase up to an additional 1,080,000 shares of common stock to cover over-allotments, if any. Proceeds from the offering are expected to be approximately $121.8 million or $140.1 million if the underwriters ...
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