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2015:  JAN | FEB | MARCH


March 2015 Issue

Largest Acquisition to Date for Harris Corp.
Harris Corp. (Melbourne, Florida) announced plans to acquire Exelis Inc., a $3.3 billion global aerospace and defense company headquartered in McLean, Virginia. The combined company will have approximately $8 billion in annual revenue and employ more than 23,000 people worldwide.

This acquisition is the largest in Harris’s history, creating a larger business portfolio for long-term growth.

Mexico President Commemorates Construction of Tugboats
Under an agreement signed with Pemex (Mexico City, Mexico), Mexico’s petroleum company, nine Voith (Heidenheim, Germany) water tractors will be built for use at oil and gas maritime terminals on both coasts of the country. Construction on four of the nine tugboats began after a keel laying ceremony at Mexico’s biggest shipyard, Astimar 20, which is located in the port of Salina Cruz on Mexico’s Pacific Coast. Mexico’s President, Enrique Peña Nieto, attended the ceremony and spoke about the importance of the project for the country.

Korean Register Authorized To Deliver Statutory Services in Canada
Korean Register (KR), based in Busan, South Korea, has been fully authorized by the Marine Safety and Security Division of Transport Canada to perform statutory services on behalf of the government of Canada.

KR is now able to conduct relevant surveys and audits, as well as issue certificates to Canadian-flagged ships for SOLAS, MARPOL, ITC, ILL and ISM code. Because of Canada’s geography, the administration is particularly active in the Polar Code discussions, and KR believes that this authorization will assist other KR-classed vessels operating in Arctic waters.

Change of Command for US Coast Guard Cutter
Coast Guard Cutter Sherman held a change of command ceremony at Coast Guard Base Honolulu. Capt. Aldante Vinciguerra relieved Capt. Kevin A. Jones as commanding officer of the cutter. Jones will assume command of Rush, which was recently decommissioned.

The Coast Guard Cutter Sherman, formerly assigned to San Diego, California, will replace Rush in Honolulu and assume Rush’s responsibilities. Rush is the sixth high-endurance cutter to be decommissioned, with six remaining in service on the West Coast.

Acoustic Test Tank Facility Completed
FarSounder (Warwick, Rhode Island) recently completed the finishing touches on a new test tank facility in the company’s main office. Primary motivation for building the new facility was to increase production productivity, since every sonar unit produced by FarSounder is tank tested and calibrated before shipment. The previous tank was located in a warehouse about 3 miles from FarSounder’s offices. Design constraints for the test tank included room size, minimum dimensions needed for calibration, ease of transducer module production testing and calibration, and ease of construction.

Huntington Ingalls Acquires Maker of UUVs
Huntington Ingalls Industries (Newport News, Virginia) has acquired the Engineering Solutions Division (ESD), based in Panama City Beach, Florida, of the Columbia Group. Financial details of the deal were not disclosed.

ESD designs and builds unmanned underwater vehicles (UUVs). It employs about 30 engineers, analysts, craftsmen and technicians. The company’s primary customer is the U.S. Navy.

Prevco Ups Testing Capabilities
Prevco Subsea LLC (Fountain Hills, Arizona) is increasing its pressure testing capabilities. Following a move in April 2014 to a 30,000-square-foot facility, Prevco is expanding the new building to add a 15,000 psi hydrostatic chamber.

The installation took place last December. The vessel was raised above the building and lowered through a hole in the roof, finally coming to rest on a specially designed mounting stand.

‘Ocean Enterprise’ Survey Completed
The Maritime Alliance, (San Diego, California) in conjunction with ERISS Corp. (San Diego), has concluded the first phase of The Ocean Enterprise: A study of U.S. business activity in ocean measurement, observation and forecasting. Sponsored by the U.S. Integrated Ocean Observing System, this study will help determine the extent of United States private sector activity in support of ocean measurement, observation and forecasting and the use of ocean information to deliver safety, economic and environmental benefits.

Phase one of the study identified approximately 600 private sector firms that fall into one of two categories: providers or intermediaries.

Makai to Develop Sonobuoy
Makai Ocean Engineering Inc. (Kailua, Hawaii) has been awarded a small business innovation research (SBIR) grant focused on developing a new deep-drifting sonobuoy. Sonobuoys consist of a surface float connected by a tether to a hydrophone array that is used to listen for submarines in the ocean. Sonobuoys with hydrophones that have a short/shallow tether have a limited listening range. The Navy wishes to develop sonobuoys that use longer tethers that extend 3 miles deep in order to increase the search coverage and detect targets located farther away.

Nautilus Partially Pays Charterer’s Guarantee, Completes Assembly of Collecting Machine
Nautilus Minerals Inc. (Toronto, Canada) has prepaid $10 million of the $18 million charterer’s guarantee that was to be provided to Marine Assets Corp. (Dubai, United Arab Emirates) on the commencement of the charter of the vessel to be first deployed for use at the company’s Solwara 1 Project.

The mechanical and hydraulic assembly of Nautilus’s second of three seafloor production tools, the collecting machine, has been completed and the commissioning of the systems has commenced.

GAC Houston Warehouse Achieves Foreign Trade Zone Status
A license to operate as a foreign trade zone has been awarded to GAC in Houston, Texas, making it one of just two logistics companies in the city to meet the criteria required to operate such a special facility.

Foreign trade zones are secure areas under the supervision of the U.S. Bureau of Customs and Border Protection, designed to encourage foreign commerce.

OceanServer Receives Contracts for AUVs
OceanServer Technology (Fall River, Massachusetts) announced that it has received orders for six new Iver AUVs from three different customers. Four systems will be delivered to YSI/Xylem (Yellow Springs, Ohio) for use in water quality application utilizing the YSI Sonde 6-Series sensors. The second customer, Johns Hopkins University, recently took delivery of their first Iver3-580 system for research purposes. Johns Hopkins currently operates two Iver2 AUVs. The final system was delivered to Heriot-Watt University in Edinburgh, Scotland.

New Ocean-Bottom Marine Project Awards
SAExploration Holdings Inc. (Calgary, Canada) announced new project awards for ocean-bottom marine seismic data acquisition services collectively valued at approximately $45 million. The company expects to execute the projects during the second and third quarters of 2015.

These projects will be performed using ocean-bottom nodal seismic recording technology equipped to operate in water depths up to 3,000 meters deep.

AAPA Welcomes Tentative Chassis Agreement
The American Association of Port Authorities (Alexandria, Virginia) welcomed news that negotiators for the Pacific Maritime Association (San Francisco, California) and the International Longshore and Warehouse Union (San Francisco) have reached a tentative agreement on chassis maintenance and repair, a key issue in concluding a new waterfront contract at West Coast ports.

Overall, across the nation, cargo moving through America’s ports is responsible for more than 13 million jobs.

Record Year for Port Authority
The Port of Houston Authority (PHA), based in Houston, Texas, set records for both steel and container cargo in 2014, Executive Director Roger Guenther announced.

In a report to the Port Commission of the Port of Houston Authority at its monthly meeting, Guenther said PHA’s terminals handled more than 37 million tons of cargo last year, which marked an increase of 5 percent compared to the previous year and also set a record.

Savannah Tops 3.3 million TEUs
The Georgia Ports Authority (Garden City, Georgia) ended 2014 with growth in all cargo sectors, including a 10.2 percent increase in 20-foot equivalent container units (TEUs) and a 7.4 percent increase in total tonnage.

December helped to lift the Port of Savannah to 3.34 million TEUs for the year, an increase of 312,037 TEUs over 2013. The Port of Brunswick continued its dominant performance in auto and machinery trade.

2015:  JAN | FEB | MARCH


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