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New Senior

Blount/Barker Appoints New Senior V.P.

Blount/Barker ShipBuilding, Warren, R.I. has elected Jacob A. Stevens III as its new senior vice president. A well-known shipbuilder, whose career highlights include the construction of six 92 ft. (28 m), 4,000 hp Marci-Class Z drive tug boats in under 20 months for Moran Towing, Stevens will be responsible for all shipyard operations including engineering, design, labor, purchasing, scheduling and working with outside contractors. Prior to joining Blount/Barker, Stevens was production and project supervisor at Washburn & Doughty Associates. While there, Stevens implemented an in-house CAD technology to facilitate quick design adjustments and e-mail communication with subcontractors. Instead of building one Marci-Class tug at a time for Moran, he developed a modular approach to production, used subcontractors for bulkier vessel prices, and created more efficient work routines to enable workers to duplicate processes multiple times.


Manitowoc Appoints New Senior Vice President

The Manitowoc Company, Inc. named Timothy M. Wood as its new senior vice president and chief financial officer. He assumes the role from Carl J. Laurino, corporate treasurer, who had been serving on an interim basis since May. Wood, 54, of Chicago, brings 30 years of financial experience to the post. He previously held the same title at Redem Technologies, but spent the bulk of his career - 23 years - with Borg-Warner Corporation


Stolt-Nielsen S.A. Announces Bond Issue

Stolt-Nielsen S.A. announced plans to issue new senior five-year unsecured bonds with a term from April 15, 2004 to April 15, 2009. The senior five-year bonds will have a fixed yearly coupon of 8.75%. The first tranche of the senior five-year bonds will be NOK 500-700 million, with a total borrowing limit of NOK 1 billion. The nominal value of the senior five-year bonds will be NOK 500,000. The purpose of the bond issue is to refinance


Philippines' ICTSI in $450 mln Bond Offering

Philippines port operator International Container Terminal Services Inc (ICTSI) said on Wednesday it is raising $450 million through a bond issue. In a disclosure to the local stock exchange, ICTSI said its board of directors approved on Tuesday night the offering of new senior perpetual capital securities through subsidiary Royal Capital BV. (http://bit.ly/1hLsASV) The corporate bonds would yield 5.5 percent per annum and would be guaranteed by ICTSI.


NOL Key Senior Appointments

Neptune Orient Lines (NOL) Group President & CEO Ronald D. Widdows announced new senior management appointments to head the Group’s APL Logistics business unit and its South Asia Region organisation. Jim McAdam has been promoted and assumes the position of President, APL Logistics, the unit of the NOL Group that provides international supply chain capabilities for customers globally. He replaces Brian Lutt who recently left the Group to pursue other opportunities.


Crowley Donate Land for Alaskan Senior Citizens' Center

Yukon River operations: Image courtesy of Crowley Maritime

Crowley Maritime Corporation's group recently completed the sale of 2.836 acres of unimproved land to Nenana Tortella Council on Aging for a mere $500. The lot, which has a market value of $25,000 upon recent appraisal in 2013, will be used by the council as a community match which is required to secure additional funds for a desperately needed, new Senior Center. Crowley’s Nenana terminal serves as a loading port for barges making fuel and freight deliveries to communities on the


ACL Files Reorganization Plan

American Commercial Lines LLC and its affiliated debtors today filed their Joint Plan of Reorganization in the United States Bankruptcy Court, Southern District of Indiana, New Albany Division. ACL and its affiliated debtors, including American Commercial Barge Line LLC and Jeffboat LLC, filed for Chapter 11 protection on January 31, 2003. Richard L. Huber, Chairman and Chief Executive Officer of ACL said “This reorganization of ACL as a stand-alone company provides the best recovery to the


Pollution Liability Underwriters WQIS, Make Appointments, Share Business Insights

WQIS has learned that even market leaders and pioneers need to stay dynamic and never get complacent. Shaking things up can break barriers for even the strongest organizations. By insuring some 35,000 vessels, across every major waterway in the US, WQIS says it has earned the backing of 16 of the largest insurance companies in the United States. For a company with these credentials, it would be easy to settle into a routine


Trico Announces Completion of New Senior Secured Credit Facility

Trico Marine Services, Inc. has closed its previously announced refinancing of its existing U.S. revolving credit facility ("U.S. Dollar Facility"). The Company refinanced the U.S. Dollar Facility to relieve the Company of the maintenance debt covenants under that existing facility and to add operating flexibility. The Company's new $55 million senior secured credit facility ("New Credit Facility") is secured by 43 supply vessels. The


CEVA Appoint Two Sr Executive

Both Friso Bakker and Michel Vachey will report to Brett Bissell, CEVAs Chief Operating Officer for Contract Logistics,

  Hoofddorp, the Netherlands, 27 April, 2015 – CEVA Logistics, one of the world's leading supply chain companies, today announced the appointment of two senior executives with deep sector-specific operations expertise to further drive its customer-focused Contract Logistics strategy. In its Contract Logistics business line, CEVA has established an industry sector and solutions approach led by industry operations experts in Automotive, Industrial, Technology, Consumer and Retail


MAN 28/33D STC Engines for Thai Navy’s New OPV

MAN V28/33D STC engine, in 20-cylinder version (Image: MAN Diesel & Turbo)

The Royal Thai Navy has ordered a new 90-m offshore patrol vessel (OPV) to be constructed at Mahidol Adulyadej naval dockyard in Sattahip.  The newbuilding, an improved River-class design, will be powered by two MAN 16V28/33D STC engines. Locally called OPV No


Glosten Promotes Lamkin to Senior Marine Consultant

Bradley Lamkin (Photo: Glosten)

Seattle-based naval architecture and marine engineering consultancy Glosten has promoted Bradley G. Lamkin, PE to Senior Marine Consultant. As a Senior Marine Consultant and member of the Principals’ Group, Lamkin will continue to lead Glosten’s marine construction efforts.


TORM CFO Zacho Resigns

Photo: TORM

Mads Peter Zacho, Chief Financial Offer at TORM, has resigned to become Chief Executive Officer at J. Lauritzen A/S. Mads has been with TORM since 2013 and will remain with the company for a transitional period to effect an orderly handover of his responsibilities, TORM said.


Crowley Ramps up Investment in Puerto Rico

First row (L to R): John Hutchins, principal, Harbor Consulting Engineers; Tucker Gilliam, vice president, Crowley; Humberto Reynolds, president, Del Valle Group; second row: Carmelo Calderon, vice president, infrastructure division, Del Valle Group; Jose Soler, project manager, Del Valle Group. (Photo: Crowley)

Crowley Puerto Rico Services announced an additional $21 million construction contract for improvements and upgrades at its Isla Grande port terminal in San Juan.    The contract was awarded to Del Valle Group, S.P. of Toa Baja, Puerto Rico


Port Hedland Continues to Forge Ties with Vietnam

Photo: Port Hedland

Further establishing relationships and economic ties were amongst the items discussed as the recently appointed Consulate General of Vietnam, Phung The Long, met with Town of Port Hedland elected members and senior executives.   


Ardmore Shipping Opens Houston Office

Holly Cummins (Photo: Ardmore Shipping)

Ardmore Shipping has expanded its global network with the opening of an office in Houston, to be led by Holly Cummings, who joins Ardmore Shipping as Chartering Manager (Americas).   The new Houston office will be responsible for expanding Ardmore’s commercial activities in the


EMR Invests £3m in Port of Tilbury

EMR signs 25 year deal & invests in Port of Tilbury

EMR, one of the world’s largest metal recycling companies has made a significant commitment to remaining in its existing Tilbury Dock facility. Not only has it just signed a new 25 year lease with the Port of Tilbury, it will be upgrading its facilities and investing around £3m in


Moody's Dings Hurtigruten's Outlook Due to Newbuilds

(Photo Courtesy: Hurtigruten AS)

Moody's Investors Service, (Moody's) issued a press release affirming the B2 corporate family rating (CFR), B2-PD probability of default rating, and the B2 senior secured rating of Silk Bidco AS (Hurtigruten), the full owner of Norwegian cruise operator Hurtigruten  ASA


Crowley Christens Third LNG-ready Product Tanker

Carrie Templin christens Crowley’s new product tanker Louisiana in New Orleans (Photo: Crowley)

Crowley Maritime Corporation christened the third of four new LNG-ready Jones Act product tankers at a May 5 ceremony at the Julia Street Cruise Terminal in New Orleans.   The 600-foot-long, 50,000-dead-weight-ton (dwt), 330,000-barrel-capacity MT Louisiana is capable of carrying crude oil


Two New Tugs Built for TNPA

TNPA’s new tugs, Qunu and Cormorant, were launched and named at the Southern African Shipyards in Durban Linda Mabaso, Chair of Transnet SOC Limited, named the vessels, flanked by Trishna Misra, Chief Financial Officer of Southern African Shipyards. (Photo by Philip Wilson – Logico Creative Solutions)

 The South African government’s Operation Phakisa: Oceans Economy initiative has yielded more results with the ceremonial launch of two more tugboats built for Transnet National Ports Authority (TNPA).   The two tugs – named Qunu and Cormorant – form part of


US Coast Guard to Unveil Historic Lifeboat

A Coast Guard 44-footer underway in heavy weather. (U.S. Coast Guard photo)

 A ceremony unveiling a historic lifeboat as a new static display in Chatham, Mass. is scheduled for 11 a.m. Friday at U.S. Coast Guard Station Chatham.   The new static display commemorates the first production 44-foot Motor Lifeboat purchased by the Coast Guard and commissioned in


KICT Welcomes MSC MEL 1 Service First Call

KICT Welcomes First Call of the New MSC Middle East Loop 1 Service Photo KICT

 MSC Lana Voy-JA618R made its inaugural call at Karachi International Container Terminal (KICT), marking the launch of a new Middle East Loop 1 (MEL 1) Service.  To mark the event, KICT held a maiden voyage ceremony, attended by Mr Keith Lau


First Female Deputy Harbor Master at Port of Durban

Pinky Zungu has again made history with her appointment as Transnet National Ports Authority’s first black female Deputy Harbor Master – Nautical for the Port of Durban. (Photo: Philip Wilson)

One of the first three women in Africa to obtain a Marine Pilot open license in 2011, Pinky Zungu has again made history with her appointment as Transnet National Ports Authority’s first black female Deputy Harbor Master – Nautical for the Port of Durban.  


Seafarers International House Honors Maritime Leaders

Logo

Members of the maritime community gathered last evening at the New York Athletic Club to honor three of its leaders: H. Marshall Ainley (President, Marine Engineers’ Beneficial Association), Ian T. Blackley (President & CEO, Overseas Ship Management, Inc.) and Raymond J. Burke Jr


Statoil Launches New Subsea Concept

Cap-X Image by  Statoil

 Norwegian oil major Statoil presented a new subsea concept that is designed to reduce cost and increase efficiency. The concept is called Cap-X.   The  concept was presented by Margareth Øvrum, executive vice president for technology, projects and drilling in Statoil.






 
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