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New Senior

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. For six years, he served as vice president of finance and chief financial officer for the billion-dollar company.

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.

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

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

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. ( The corporate bonds would yield 5.5 percent per annum and would be guaranteed by ICTSI.

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

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

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

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

Ecoslops Produces First Marine Fuel Prodcuts

Photo: Ecoslops

Ecoslops' refinery in the Port of Sinès, Portugal, has commenced industrial production and delivered the first volume of marine fuel products compliant with ISO8217, validating the company’s commercial proposition, the company announced today

Fincantieri Launches Nuclear Waste Vessel for Russia

Photo: Fincantieri

New semisubmersible floating platform will be used to transport special material decommissioned by the Russian Navy    Itarus, the new semisubmersible floating platform built to transport Russia’s nuclear materials, was launched at a ceremony on November 19 at Fincantieri’s

Maritime Cook Islands Expands Network to India

  Maritime Cook Islands (“MCI”), the leading ship registry, has recently established its presence in India with the appointment of two deputy registrars (“DR”), Mr Faust Pinto Jr and Ms Fereshte D Sethna, to serve the growing yacht owning community in the Indian

Norwegian Escape with Biggest Scrubbers sets Sail

Norwegian Escape  Photo Norwegian Cruise Line

  On a sunny October day in the German harbor-town of Hamburg, M/V Norwegian Escape, a brand new cruise ship, sets sail for the first time. On board are five Yara SOx scrubbers – one for each engine. The scrubbers ensure that the cruise is not just pleasurable

Wärtsilä JV Breaks Ground in China

Picture at the groundbreaking ceremony, Roger Holm, Senior Vice President, Engines, Wärtsilä Marine Solutions and Wu Qiang, President of CSSC, in the middle. (Photo: Wärtsilä)

CSSC Wärtsilä Engine (Shanghai) Co. Ltd (CWEC) celebrated the beginning of construction on its new 20,000 sq.m. factory with a groundbreaking ceremony on October 28 in Lingang, Shanghai.   Following the groundbreaking ceremony

La Spezia CT Wraps up Asian Tour


  Senior executives from Italy’s La Spezia Container Terminal - Contship Italia Group, wrapped up a whirlwind tour of key supply chain hubs in South East Asia and China this week with a presentation and networking event in Shanghai.

Diebenow Joins Fathom

Bill Diebenow joins Fathom as director of sales, affinity and special accounts Photo linkedIn

  Fathom, the pioneer in social impact travel and Carnival Corporation’s 10th and newest brand, has named industry veteran, Bill Diebenow as the company’s director of sales, affinity and special accounts. In this role, Diebenow will lead a robust sales team and focus on new

Norovirus’ Implications for Shipowners

Allegations of illnesses caused by being on board a ship can lead to significant costs for shipowners. UK P&I Club Senior Claims Executive Victoria Brown reviews shipowners’ liabilities and the implications of a recent court case on future claims.

Crowley Formalizes New Business Segments

Wendy MacDonald and Mike Golonka (Photo: Crowley)

Crowley formalizes new GlobalShip Management and Government Services groups; Golonka and MacDonald assume new vice presidential roles   Crowley Maritime Corp. has formalized two new groups, Government Services and Global Ship Management

Next Steps for IMO/Norad Project

Photo: IMO

Senior officials from the six southeast Asia countries benefiting from an IMO-Norwegian Development Cooperation Agency (Norad) marine environment project are meeting for a second meeting in Bangkok, November 9-10, to review progress and discuss the next steps.  

Waldner Appointed LR's Group CFO

Mary Waldner is Group CFO

  Global engineering, technical and business services organisation, Lloyd’s Register (LR), has announced the appointment of Mary Waldner as Group CFO. Mary is currently Group Finance Director at FTSE 250 listed defence, security, transport and energy company Ultra Electronics and

South African Boatbuilding: Tugboat Honors Mandela Birthplace

(Photos courtesy of Southern African Shipyards)

Transnet National Ports Authority announced a milestone in its $98 million tug building contract when the first of its nine new tugboats was launched at the Durban premises of contractor, Southern African Shipyards.     “This is the largest single contract TNPA has ever

BMT Inks Contract with Witteveen+Bos

Photo: BMT

BMT ARGOSS, (BMT) a subsidiary of BMT Group Ltd, has secured a new contract with Dutch-based engineering consultancy, Witteveen+Bos (W+B), to provide specialist knowledge for the new ‘stay overnight’ harbour near Giesbeek, along the IJssel branch of the river Rhine.   

APM Terminals Pipavav Launches Double Stack Rail Service

Keld Pedersen, Managing Director of APM Terminals Pipavav  Photo APM

  APM Terminals Pipavav (Gujarat Pipavav Port Ltd) one of western India’s fastest growing gateway ports, has commenced a new weekly double stack rail service to the industrial center in Faridabad in north India’s Haryana State, near the Indian Capital City of New Delhi.  

Magleby Maersk Calls at Jebel Ali

Magleby Maersk at Jebel Ali’s Terminal 2 (Photo: DP World)

Press release - Global marine terminals operator DP World’s flagship Jebel Ali Port has received the world’s largest container vessel, the Magleby Maersk, which is on its maiden visit to the region.   The management and operations team at Jebel Ali rolled out a well-drilled

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