David H. Watts, formerly executive vice president of the company's Americas Region, has been elected to the position of president and chief operating officer of Solus Ocean Systems, Inc., Houston. He joined the company in 1965, participating as
Morgan City businessman and m a r i n e s p e c i a l i s t Wayne Musgrove has been elected president and board chairman of Chem- M a r i n e C o r p o r a t i o n . The new Louisiana corporate structure was organized by Twin City Barge & Towing Company (TCB) of St.
Trite as it may be, time is money, especially in the high-end cruise market that depends on millions of tourists spending ample sums of cash onboard today's floating cities. A cruise ship out of action can quickly translate to millions in lost revenue,
Over the past year or so, well over 100 secondhand dry cargo ships have been purchased by the Chinese, either for their domestic fleet, or for operation under "convenience" flags. A surprisingly large number of these—possibly over 30—have been bulk carriers,
Deway Marine & Industrial Craftsmen, Inc. Virginia Beach, Va., has introduced a new seal for inwater shaft repair. SealChest Corporation has designed, developed, patented and proved the seal, Duclamp, for inwater propulsion shaft repair. Conventional
The past decade was a tough one for the Canadian shipbuilding market. It was a decade that produced a decline of both employment and decline of newbuilds, many of which were contracted in the late 1980s still awaiting construction. This unfinished
The Bergesen group generated firstquarter operating profit of $25.6 million, substantially down on the $104.3 million recorded last year. These figures include capital gains on the sale of vessels of $ 10.4 million in 2002 and $7.2 million in 2001.
The president of The American Society' of Naval Engineers (ASNE), Rear Adm. D.H. Jackson, USN, announced that the Society has scheduled its annual national meeting, ASNE Day, for Thursday and Friday, May 2-3, 1974, at the Shoreham Hotel, Washington, D.
Conference told shipowners are being given "extraordinarily generous" credit terms for bunkers. The average bunker stem in today's shipping industry is around 700 tons per ship with a current value— at $85 per ton— of some $60,000. On an average fleet size of fourteen ships,