The role of towage, salvage and heavy-lift within the shipping industry is not large, but its importance far outweighs its size and it embraces an impressive and diverse range of expertise. The individual markets have undergone major upheavals
Ultra Dynamics has agreed to supply FBM Babcock Marine with 14 UltraJet 305 waterjets for a new military project According to Mike Lane, managing director, "The UltraJet 305 is the highest selling unit in the UltraJet range of marine jet drives
Horizon Shipbuilding, Inc. recently delivered Belle Watling, a 72-ft. (21.9 m) Z-drive tug to Dixie Towing of Jacksonville, Fla. The first azimuthing tug to be built at the Bayou La Batre shipyard, Belle Watling was delivered 30 days ahead of its contractual delivery date.
Since January 2000 there has been a decrease in the total number of inland tank barges listed for sale. Prices for inland tank barges have increased an average of 10 percent over last year for barges under 10,000 bbl capacity. Barges over 10,000 bbl have increased about 14 percent.
Tim O'Leary, formerly with Foss Launch & Tug Co., has been promoted to manager, market development and research for Dillingham Maritime's Ocean Division, Seattle, Wash. According to Tom Van Dawark, president of the Dillingham Maritime Ocean Division, Mr.
Newpark Resources, Inc., has announced their purchase of a 50 percent interest in Bulkfleet Marine Corporation for an undisclosed cash amount. Bulkfleet was organized to design, construct and operate Dedicated Deep Notch Tug Barge Units (DDNTBU) in charter service along the U.
The effects of a continued worldwide s h i p p i n g depression, rising ship repair costs, and the instability in international currency relationships have all played a part in stalling the long-awaited recovery of the world hull insurance markets.
Lake Shore, Inc., Iron Mountain/ Kingsford, Mich., prominent manufacturer of marine cranes, winches, windlasses and mooring systems, has opened a Gulf Coast sales office to expand its services to the offshore oil industry. The facility is located at Lake View of Cypress Station,
Nathaniel Robbins Jr. has been named president of the Grafton Boat Co., a company which was recently acquired by a group of Minneapolis investors. Grafton Boat Co. is a designer and builder of commercial and Government towboats and workboats. The