Bunkering is an industry in its own right, but one that is squeezed by events, which happen in the much bigger industries that we are the bridge between. We are vital to both the energy and shipping markets, and at the mercy of both. When the energy markets move, our prices move.
Millennium Cell Inc., which designs and develops systems for the safe use of hydrogen fuel in energy applications, has teamed with Seaworthy Systems in a CCDOTT (Center for Commercial Development of Transportation Technologies) and California State University, Long Beach Foundation program.
The Ferry Transport Company Gestione Governativa Navigazione Laghi, owned by Italian Government, and the Taiwan Coast Guard have ordered Sea Rider propulsion. Gestione Governativa Navigazione Laghi is responsible for ferry transportation on northern Italian lakes Garda, Maggiore and Como.
The Marine Machinery Association (MMA) recently held its Government- Industry Forum in Norfolk, Va. MMA's president, Larry Holley of Warren Pumps, Inc., opened the meeting, explaining that the location was chosen to bring the forum close to the
Tidewater Inc., New Orleans, La., announced recently that its marine division, Tidewater Marine Service, Inc., added ten crewboats and one supply vessel to its domestic fleet. All of the vessels will be based on the U.S. West Coast. "By acquiring high quality,
Tidewater Inc.'s marine subsidiary, Tidewater Marine Service, Inc., has completed an agreement to purchase a package of five vessels from Otto Candies, Inc. of Des Allemands, La. According to an announcement by John P. Laborde, Tidewater chairman and chief executive officer,
Litton Ingalls kicked off the construction process of the first cruise ship to be built in the U.S. in 40 years, with a pre- July 4th ceremony at the yard's Pascagoula, Miss, headquarters celebrating the vessel's hull fabrication. Located among
Pott Industries Inc. of St. Louis, Mo., has announced that Richard M. Currepce has been named president and chief executive officer of Pott's Offshore Marine Services Division headquartered in New Orleans, La. Mr. Currence succeeds Vern E. Easterling, who assumes the position of chairman.
In a deal worth up to $500 million and which would create the world's largest support vessel fleet, Tidewater is negotiating the acquisition of Zapata Gulf Marine. An agreement between the two U.S. groups would combine the 304 vessels of Zapata with the 303-vessel fleet of Tidewater.
Bethlehem Steel Corporation, Bethlehem, Pa., recently announced it has completed the sale of two of its Great Lakes ore vessels, the Lewis Wilson Foy and the Sparrows Point, to Oglebay Norton Company, a Cleveland, Ohio-based raw materials and Great Lakes marine transportation company.