DECEMBER 3, 2016 — Another hefty prison sentence has been handed down in the bribery case known in Navy circles as the "Fat Leonard affair."
Former supervisory contracting officer Paul Simpkins, 62, of Haymarket, Virginia, was sentenced to 72 months in prison yesterday by U.S. District Judge Janis L. Sammartino of the Southern District of California for his role in steering contracts to Leonard Glenn Francis, the president and CEO of Glenn Defense Marine Asia (GDMA). Judge Sammartino also ordered Simpkins to pay $450,000 in
DECEMBER 2, 2016 — Wärtsilä EnergoProFin is now available for controllable pitch propellers (CPP) as well as fixed pitch propellers (FPP).
The specially designed propeller cap has hydrofoil-section fins on the downstream side of the propeller, creating fuel savings of up to five percent.
Propeller caps with fins have been around for three decades, but their application has so far been primarily on FPPs. The view of the industry was that applying an energy saving device such as Wärtsilä EnergoProFin to the technologically more challenging
DECEMBER 2, 2016 —Tanker company Overseas Shipholding Group, Inc. (NYSE: OSG) says that it has completed the previously announced separation of OSG into two independent, publicly traded companies: Overseas Shipholding Group and International Seaways (NYSE: INSW).
"Today marks the start of an exciting new chapter for OSG. We are now a more sharply focused company with a leading and diversified position in the Jones Act market," said Sam Norton, OSG's SVP & President and CEO of the U.S. Flag Strategic Business Unit. "We are confident
DECEMBER 2, 2016 — The U.S. Coast Guard today issued the first U.S. type-approval certificate for a ballast water management system.
The Coast Guard Marine Safety Center issued the certificate to Optimarin after its application for U.S. type approval was reviewed and determined to meet the requirements of the Coast Guard's type approval requirements contained in 46 C.F.R. § 162.060.
"While this is a significant milestone, it is the first of multiple system approvals that are needed to mitigate the threat of harmful aquatic invasive
DECEMBER 2, 2016 — Rolls-Royce yesterday announced what it called "plans to accelerate the transformation of its marine business as a result of continuing weakness in the maritime market."
Among other things, that translates into trimming the senior management team and shedding 800 jobs in an effort to get an estimated £45-50 million of annualized savings from mid-2017. Costs of this restructuring are expected to be around £20 million, split between 2016 and 2017.
The proposed job reductions are in addition to the reduction of
DECEMBER 1, 2016 — Derecktor Shipyards of Mamaroneck, NY, is to build its third hybrid vessel: a catamaran organic food transportation platform.
It has teamed with Harbor Harvest of East Norwalk, CT, a food market that describes itself as "dedicated to developing the relationship between Farmer, Harbor and Customer" with a mission "to provide convenient access to healthy, nutritious food sourced from local and regional farms and artisans at a price that supports the local community."
DECEMBER 1, 2016 —The Department of Justice reports that Princess Cruise Lines Ltd. has agreed to plead guilty to seven felony charges stemming from its deliberate pollution of the seas and intentional acts to cover it up.
Princess will pay a $40 million penalty — the largest-ever criminal penalty involving deliberate vessel pollution – and plead guilty to charges related to illegal dumping of oil contaminated waste from the cruise ship Caribbean Princess.
Princess, headquartered in Santa Clarita, California, is a subsidiary of Carnival Corporation
DECEMBER 1, 2016 — Gulfstream Shipbuilding, Freeport, FL, has added James Murray, a second generation boat builder and operator/owner, to its Sales Management Team. James Murray is the son of Jim Murray, who originally opened the shipyard 35 years ago as Freeport Shipbuilding and who passed away last year.
James Murray built a variety of custom boats at the shipyard before venturing off to start his own successful passenger excursion company. Now, he is returning to partner with the current owner, Stuart Reeves, on a
DECEMBER 1, 2016 — Conrad Shipyard (OTC Pink Sheets: CNRD.PK) has held a keel laying ceremony for the four Kāpena Class tugs now under construction for Young Brothers, Limited of Hawaii.
The 6,000 horsepower, 123 ft x 36.5 ft vessels are designed to match with Young Brothers' fleet of modern high capacity barges (delivered from 2007 to 2010). The tugs will be built to Damen Stan 3711 design and will be powered by General Electric, 8L250MDC, EPA Tier 4 emissions compliant engines using exhaust gas