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Ocean Business


August 2013 Issue

Buoy to Keep Mariners Safe in Nova Scotia
AXYS Technologies Inc., based in Sidney, Canada, is part of a funding announcement from the Canadian government for the supply of a weather buoy off Herring Cove, Canada. AXYS will supply a 3-meter metocean buoy to be delivered in early fall. The buoy will measure and report real-time meteorological and oceanographic conditions for the Halifax Port Authority for commercial and recreational vessel operators. The information will be distributed and used for education, scientific research and the public.

Locator Beacons Receive FCC Approval
The U.S. Federal Communications Commission (FCC) has approved MetOcean Data Systems' (Dartmouth, Canada) NOVATECH locator and recovery beacons.

The FCC marking is a certification on electronic products manufactured or sold in the United States, which certifies that the electromagnetic interference from the device is under approved limits. NOVATECH beacons are the only asset locator and recovery beacon that have received FCC certification, the company said.

Coast Guard to Construct Klas Rock Light
The U.S. Coast Guard is scheduled to start construction of the Klas Rock Light, a navigation structure that will replace Klas Rock's isolated danger lighted buoy, DK, which marks the southern edge of Mats Mats Bay, Washington.

The structure will display the same lighting characteristic that is currently shown by the buoy, which is two white flashes every five seconds.

Klas Rock is a hazard to navigation as maritime traffic flows in many directions. The aid's position on top of the rock will provide increased visibility to mariners and more precisely mark the hazard.

ShipConstructor Software Inc. Renamed SSI
ShipConstructor Software Inc. (Victoria, Canada) will now do business with the name SSI.

The name of the company's CAD/CAM software suite will remain ShipConstructor.

Separating the company name from the product name will allow SSI to bring focus to its products and services, such as complimentary Autodesk software and SSI training and consulting.

Canadian Shipowners Partner with GSI on Ballast Water Filtration Tests
The members of the Canadian Shipowners Association have partnered with Great Ships Initiative (GSI), a project of the Northeast-Midwest Institute, a regional nonprofit research center headquartered in Washington, D.C.

Efficacy tests of ballast water filtration systems in the Great Lakes and St. Lawrence Waterway (GLSLW) will take place this summer at the GSI ballast treatment testing facility in Superior, Wisconsin.

To date, no technology has been type approved for operation in the GLSLW waters where Canadian vessels operate.

Two ASD Line-Haul Tugs Delivered to Hyak Maritime
Seattle, Washington-based Jensen Maritime delivered the Hawaii, the first of two 120-by-35-by-19-foot Jensen-designed ABS machinery-class oceangoing tugboats to Hyak Maritime (Middleton, Delaware). The Hawaii was built by JT Marine Inc. (Vancouver, Washington). Hyak's second tug, the Washington, is scheduled to be delivered by the end of 2013.

Excel Maritime Provides Update on Financial Restructuring
Excel Maritime Carriers Ltd. (Athens, Greece) announced that it has an agreement with its senior lenders on a financial restructuring. The agreement is similar to the previous agreement reached with the steering committee of its senior lenders. It provides up to $80 million of additional liquidity.

To implement the agreement, Excel Maritime filed voluntary Chapter 11 petitions in the United States Bankruptcy Court. The restructuring process is expected to have no impact on suppliers.

Caterpillar to Acquire Berg Propulsion
Caterpillar (Peoria, Illinois) signed an agreement to acquire Johan Walter Berg AB (Öckerö Islands, Sweden), including its brand Berg Propulsion, a manufacturer of mechanically and electrically driven propulsion systems and marine controls for ships. With the acquisition, Caterpillar will provide complete marine propulsion package systems.

Berg will become part of the Caterpillar Marine and Petroleum Power Division, which supplies diesel and natural gas engines for the generation, control and supply of mechanical and electric power for the marine and petroleum industries.

C & C Technologies Locates Two Missing Aircraft
C & C Technologies Inc. (Lafayette, Louisiana) in cooperation with SEA Corp. (Lancaster, California), the Italian and Venezuelan Authorities and Luca Missoni confirmed that two aircraft lost off the archipelago of Los Roques, Venezuela, have been located and identified.

The missing LET L-410 aircraft was located by the crew of C & C's RV Sea Scout. The LET L-410 was lost south of the island on January 4, 2008, carrying 14 passengers and crew from Caracas, Venezuela, to Los Roques.

The missing BN2 Islander aircraft was located on June 27 at 8:25 p.m. local time. The BN-2 Islander was lost north of the island on January 4, carrying six passengers and crew, including fashion design CEO Vittorio Missoni and his wife Maurizia Castiglioni.

New England's Largest Wind Farm a Possibility for Maine
Awaiting approval from the Maine Department of Environmental Protection, First Wind (Boston, Massachusetts) has proposed a wind farm of 62 turbines above Skowhegan, Maine, reported Bangor Daily News. The Bingham Wind Project could potentially power more than 70,000 households.

The wind farm would be constructed on small hills instead of high ridges where turbines are typically built. New technology like taller structures and longer blades make the location a viable option. The estimated cost of the project is $400 million.

Dialight Lighting Fixture Receives ABS Certification
Four of Dialight's (Farmingdale, New Jersey) LED fixture lines have received design assessment certification by the American Bureau of Shipping for compliant use in ABS-classified marine vessels, offshore drilling rigs, platforms and other marine applications. Dialight's LED lighting fixtures include various lumen and wattage packages for their High Bay, Area Light, Linear and Wallpack/Bulkhead fixture types. The certification is for use in both U.S. and international waters.

Crowley's Solutions Group to Expand Presence in Asia Pacific Market
Crowley Maritime Corp.'s (Jacksonville, Florida) solutions group is expanding its presence in the Asia Pacific market by opening a new project management office in Singapore and building two heavy-lift deck cargo barges for use in the region. The company also has an option for the construction of two additional barges. Crowley's expansion will allow the company to better support customers in the oil and gas mining; engineering, construction and procurement management; and engineering, procurement, installation and commissioning industries.

GOST Launches Website for Commercial Marine Systems
GOST (Global Ocean Security Technologies), based in Fort Lauderdale, Florida, has launched a website featuring the company's marine security, monitoring, tracking and surveillance systems for workboats, barges, cargo ships and other vessels.

GOST offers a range of wireless security, monitoring, satellite tracking, surveillance, acoustic deterrents and cloaking systems for any size commercial vessel.

U.S. Shipyards Support $36 Billion in GDP
The U.S. Department of Transportation's Maritime Administration (MARAD) announced that the nation's shipyards support $36 billion in gross domestic product, as part of a report on the U.S. shipbuilding and repair industry.

The report notes that although most shipbuilders are located in coastal areas, the direct and indirect economic benefits reach all 50 states.

Since 2009, the Department of Transportation has provided nearly $150 million to improve infrastructure at U.S. shipyards through its small-shipyard grant program.

Ardmore Shipping to Offer Public Stock
A transporter of chemical and petroleum products, Ardmore Shipping Corp. (Mahon, Ireland) filed for an IPO of up to $160 million, reported Reuters.

The number of shares and price stock were not listed in the file.

The IPO will prospectively be underwritten by Morgan Stanley, Jefferies and Clarkson Capital Markets. The profit from the stock will be used for adding to Ardmore's fleet of 12 vessels. Stock will be listed as ASC on the New York Stock Exchange.

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