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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.


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


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


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


Stolt-Nielsen Limited Contemplates New Bond Issue

  Stolt-Nielsen Limited is contemplating the issuance of new senior unsecured bonds in the Norwegian bond market with a minimum amount of NOK 700 million ($89 million). Proceeds will be used for general corporate purposes. The offering will be made to (i) Norwegian professional investors and eligible counterparties as defined in the Norwegian Securities Trading Regulations Sections 10-2 to 10-4, (ii) to non-"United States persons" in "offshore transactions" within


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


CNOOC Acquires Asia's 1st LNG Powered Tug

Asia’s first tugboat Hai Yang Shi You 525, designed to operate solely on liquefied natural gas as ship’s fuel

  China National Offshore Oil Corporation (CNOOC) has taken delivery of Asia’s first tugboat Hai Yang Shi You 525, designed to operate solely on liquefied natural gas as ship’s fuel. Hai Yang Shi You 525, the first of two tugs built by the Zhenjiang shipyard for CNOOC


ST Marine Launches First LMV for RSN

RSNs first-of-class LMV Independence

Singapore Technologies Marine Ltd (ST Marine), the marine arm of Singapore Technologies Engineering Ltd (ST Engineering), held the Launching ceremony for the first Littoral Mission Vessel (LMV) - Independence built for the Republic of Singapore Navy (RSN).


ISS Inks Service Pact with Technip

Technip’s main construction vessels include the Derrick pipelay vessel G1201 & the DSV Adams Challenge.

Inchcape Shipping Services (ISS) and Techniphave signed a contract to provide marine agency services and logistics for the Rashid C project in the Middle East. Currently under offshore execution by Technip for Dubai Petroleum Establishment (DPE)


MTU Powers RSN Navy's Littoral Mission Vessel

Photo courtesy of MTU

MTU to power eight Republic of Singapore Navy’s new patrol vessels. Employees and guests, including senior representatives from the Republic of Singapore Navy (RSN) and Ministry of Defence, gathered at Singapore Technologies Marine (ST Marine) to witness the launching of the RSN’s


IRClass Raises Focus on Offshore

Inaugural meeting of the India and Offshore Advisory Committee

  Classification society and IACS member Indian Register of Shipping has established an ‘India and Offshore Advisory Committee’ with a vision to raise the profile of its services and receive strategic advice for growth in South Asia region.


NASSCO Starts Building 2nd SEA-Vista Tanker

Kevin Graney, Pete Radzicki, Parker Larson, Debora Burke, Dave Burke and Tom Denning (Photo: General Dynamics NASSCO)

Ceremony signals the start of construction for the second SEA-Vista ECO Tanker to be constructed at the General Dynamics NASSCO shipyard in San Diego.   General Dynamics NASSCO, a wholly owned subsidiary of General Dynamics, signaled the start of construction for the second of three 50


Viking Sea Floated Out From Drydock

Viking Seas godmother, Karine Hagen, and her traveling yellow Labrador, Finse, during the ships float out ceremony on June 25 at Fincantieris Ancona shipyard. Photo: Viking Ocean Cruises

 Viking Ocean Cruises has announced its second ship—the 930-passenger Viking Sea —was floated out from Fincantieri’s Ancona shipyard, marking a major construction milestone and the first time that the new ship touches water.  


EnQuest Appoints Holland as Non-Ex Director

EnQuest is its people

  EnQuest PLC has appointed Phil Holland as a Non-Executive Director with effect from 1 August 2015. Phil has very significant international project management experience in the energy sector, in particular in oil & gas.  He held a number of senior positions at the Shell Group


Crowley Acquires 4,300 Pieces of Liner Equipment

Photo: Crowley

In response to continuing high customer demand, Crowley Maritime Corporation’s liner services group has placed orders for additional equipment, including hundreds of new chassis and containers for use in the company’s U.S., Puerto Rico, Caribbean and Central America trade lanes.


Jebel Ali Port Wins Top Industry Award

DP World’s Chairman HE Sultan Ahmed Bin Sulayem, Vice Chairman HE Jamal Majid Bin Thaniah, Group CEO Mohammed Sharaf; Senior Vice President and Managing Director of UAE Region, Mohammed Al Muallem, and COO Mohammed Ali Ahmed holding the Award.

DP World’s flagship Jebel Ali Port has been recognized for excellence in container terminal operations at the first ever Navis Inspire Awards 2015. HE Sultan Ahmad Bin Sulayem, Chairman of DP World said the industry prize underlined the global marine terminal operator’s customer


Esben Poulsson, New President for Singapore Shipping Association

Esben Poulsson, SSA President. Photo by Singapore Shipping Association

The Singapore Shipping Association (SSA) has named Asian shipping veteran Esben Poulsson as its new president, succeeding Evergreen’s Patrick Phoon.    “I am honored and humbled to be appointed president of this active and vibrant organization


China Says Indian Ocean Not Backyard of India

Image: US Navy

 The perception that Indian Ocean is India's "backyard" may result in clashes, Chinese military officials and experts have cautioned.    The Indian Ocean cannot be a backyard of India which navies of other countries could not visit


Kenyan Port Workers Strike Over Higher Health Costs

More than 2,000 workers at East Africa's biggest port in Kenya's coastal city Mombasa went on strike on Wednesday protesting an increase in the amount they will have to pay for state-run health insurance.   Cargo ships remained unattended as workers gathered and held discussions in groups


The Submarine Electricity Transmission Market Is Expected to Reach $25 Billion in 2024

Image: International Electrotechnical Commission

 According to a new report from Navigant Research, the global submarine electricity transmission market is expected to grow from $16.8 billion in 2015 to $24.8 billion in 2024.   “Over the past several years, two market drivers have emerged as dominant forces shaping this market:


Fincantieri to Supply Four OPVs to the Bangladesh Coast Guard

Image: Fincantieri - Cantieri Navali Italiani S.p.A.

 Fincantieri has been awarded the contract with the Bangladesh Coast Guard (BCG) for the supply of four Italian Navy “Minerva” class corvettes to be upgraded and converted into Offshore Patrol Vessels (OPVs), and to provide the related logistics support services.   






 
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