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Monico Promotes Walker Sales VP

Following another strong year for the company, President and CEO, Doyle Taylor, has promoted his Vice President of Sales, Allen Walker, to Vice President and General Manager of the Monico Monitoring, Inc. Taylor brought Walker on board in September of 2012 as Vice President of Sales to oversee the company’s ever-growing product sales and expanding sales staff, to utilize his business and management experience to bring more structure and drive to the company’s sales process and to grow international sales. After just one year in the position, Walker has exceeded expectations. Prior to joining Monico, Walker served as Vice President of Global Sales for PECOFacet and Managing Director of Facet Deutschland GmbH, both Clarcor Companies, and was also an officer of Perry Equipment Corporation.  He brought to Monico more than 25 years of experience in engineering, operations, sales and general management. monicoinc.com


Cummins Reports Revenue Jump in Q2 2014

Tom Linebarger

Cummins Inc. reported its results for the second quarter of 2014. According to the report, second quarter revenue of $4.8 billion increased 7 percent from the same quarter in 2013. The increase year-over-year was driven by stronger demand in on-highway markets and distributor acquisitions in North America. Revenues in North America increased 14 percent while international sales decreased 1 percent compared to the second quarter a year ago


Globe Wireless Establishes New Office

Globe Wireless has established a new office in Houston, Texas, and appointed Greg Halverson as regional manager of Offshore Sales. Halverson will lead the company's GlobeOffshore® sales efforts in the Gulf of Mexico as well as lending support to Offshore sales worldwide. With more than 16 years of sales experience, including seven years selling communications solutions to the offshore industry, Halverson has had a variety of sales and management positions with MCI Telecommunications


Obama Admin. Announce 21 Million Acre Oil and Gas Lease Sale

August Auction to offer all Unleased Acreage in Western Gulf of Mexico   As part of President Obama’s all-of-the-above energy strategy to continue to expand domestic energy production, Secretary of the Interior Sally Jewell and Acting Assistant Secretary for Land and Minerals Management and Bureau of Ocean Energy Management (BOEM) Director Tommy P. Beaudreau announced that Interior will offer more than 21 million acres offshore Texas for oil and gas exploration and development


Final Details for Upcoming Central GOM O&G Lease Sale

New Orleans -- Today the Obama Administration provided final details for the Central Gulf of Mexico lease sale announced by President Obama in January 2012, as part of his administration’s ongoing focus on expanding safe and responsible production of our domestic energy sources. Secretary of the Interior Ken Salazar and Bureau of Ocean Energy Management (BOEM) Director Tommy P. Beaudreau today announced the Final Notice of Sale for a June 20


Bueno Joins Sales Team at ACR Electronics

Jose Bueno Joins the ACR Electronics Sales Team as International Sales Manager. Bueno is an international sales and marketing veteran having most recently held positions with Directlink International and Cosmo Communications Corp. both located in Miami, Florida. Bueno will oversee marine and bridge electronics, government, outdoor and aviation market sales for ACR¹s international division covering Asia, the Pacific Rim and Latin America.


ACR Announces Company Changes

In a move to bridge electronics and an increase in marine sales, the Ft. Lauderdale, Fla., ACR team has assumed new titles and responsibilities. Tony Smith, a 15 year sales veteran at Fort Lauderdale-based ACR Electronics, has been promoted to Sales Director, assuming the responsibilities of marine and bridge electronics, government, outdoor and aviation sales for the company¹s international division, which covers Asia, the Pacific Rim and Latin America.


Mustang Survival Promotes Grupa, Milligen

Mustang Survival's Michael Grupa will be transitioning from his current role as Director of Business Development, Professional, to join the Sales team as Director of Sales – US Professional & Military Major Accounts. Grupa joined Mustang Survival in 2009 and has been instrumental in shifting Mustang’s focus from selective markets in the first responder and commercial/ industrial marine categories to becoming an industry leader and full-line supplier of flotation and thermal


DMW Marine Hires Reeder

Monty Reeder

DMW Marine Group hired Monty Reeder as its Inside Sales Manager and New England, Canada and mid-Atlantic direct Sales Representative. Reeder graduated from Ursinus College with a degree in Business and Economics and previously represented Iron Mountain. Mark Gregory will now be responsible for direct sales in the Southeastern US and Gulf Coast while Bo Weidner will continue to handle the West Coast of the US and Canada


CMB Continues Fleet Rejuvenation

CMB confirmed that its subsidiary, Bocimar and Wah Kwong, have sold the panamax vessel Yasmine Venture (2006 - 73,546 dwt) - ordered in joint venture in 2003 from Jiangnan (China) - to Diana Shipping. The net sale price amounts to $39.6 million, and CMB will realize a capital gain of approximately $5.5 million on this sale. Also, Bocimar and Oak Maritime have concluded an agreement with Chang Myung Shipping (Korea) for the sale of the joint venture vessel Mineral Oak (1996 - 165,693 dwt).


Fogal Retires from Zentech After 57 Years in O&G

Bob Fogal, left, accepting congratulations from Ramesh Maini

Robert “Bob” “Sonny” Fogal, Jr., one of the icons in the offshore oil and gas industry, has decided to retire from front-line work as Zentech’s Director of Business Development.  Zentech’s President Ramesh Maini noted on August 28


Algeria in Talks to Export Crude to Venezuela

Algeria is in talks to export crude oil to fellow OPEC member Venezuela, Algerian Energy Minister Youcef Yousfi said on Tuesday, confirming a Reuters report. Last week, a document from Venezuela's state-run energy company PDVSA seen by Reuters showed Venezuela was considering importing crude


Chevron Announces Alliance with Petrol Ofisi

logoChevron.jpg

Chevron has signed agreements with the fuel products distribution and lubricants company of Turkey, Petrol Ofisi in Istanbul, that will result in improved supplies of marine lubricants to ship operators and managers operating in Turkey. This alliance covers production


SCI Sets Its Sights on Scandinavia

Jos Lems, head of global sales at Survival Craft Inspectorate

Survival Craft Inspectorate (SCI), a global provider of emergency marine evacuation systems, has appointed two new distributors as the business targets growth opportunities in Scandinavia. SCI has agreed partnerships with Danish firms Hysafe and Hytek, both part of the Hytek Group


Rickmers-Linie Appoints Interliner Agencies

Photo courtesy of Rickmers-Linie

Hamburg based Rickmers-Linie has appointed Interliner Agencies as its new agent in South Central Europe. The agency contract covers Slovenia, Austria, Czech Republic, Hungary, Slovakia, Croatia, Serbia, Albania, Bosnia and Hercegovina, Macedonia and Montenegro.


Wärtsilä Reshuffles Two Top Managers

Rakesh Sarin: Photo Wärtsilä

The following appointments have been made in the management inform Wärtsilä Corporation: Mr Rakesh Sarin (59), B.Sc. (Eng.), has been appointed President of Power Plants, Executive Vice President and member of the Board of Management of Wärtsilä Corporation


Indian Govt to Sell Stakes of State Companies

  India will sell part of the government's stake in some state-run companies in the next two to three months, Finance Secretary Arvind Mayaram said on Saturday, without naming any company. The government has set a target of $10.5 billion from asset sales during the current fiscal year to


SBM Offshore Completes Real Estate Divestment

Logo

  SBM Offshore is pleased to announce that is has completed the sale and lease back of its Monaco real estate portfolio.  The last of the three buildings was sold for approximately US$62 million net of expenses, resulting in a book profit of approximately US$58 million.


Athabasca Completes Dover Stake Sale to PetroChina

Great Assets

  Canada's Athabasca Oil Corp said it had closed the sale of its 40 percent interest in the Dover oil sands project to a unit of PertroChina Co Ltd for $1.18 billion. Athabasca said it received $600 million in cash and $584 million in three interest-bearing promissory notes from the


Iraqi Kurdistan Oil Shipments Reach 8.8m Barrels

Iraqi Kurdistan has shipped 8.8 million barrels of oil from the Turkish port of Ceyhan since May, Turkish Energy Minister Taner Yildiz said, as the autonomous region employs new tactics to establish independent oil sales in defiance of Baghdad.


MN 100: Kvichak Marine Industries, Inc.

Kvichak boats.jpg

469 NW Bowdoin Place Seattle, WA 98107 Telephone: 206 545 8485 E-mail: sales@kvichak.com Website: www.kvichak.com CEO/President: Keith Whittemore Number of Employees: 155 The Company: Kvichak Marine Industries Inc. responds quickly to new customer requirements


Euronav Books Profit from Sale of Chartered Ship

The owner of the 157,258 dwt containership Cap Isabella (built 2013), a vessel which Euronav had on bareboat charter, decided to sell the vessel to an unrelated third party. As announced by Euronav in March 2013, the company is entitled to a share of the profit should the selling price exceed a


Survitec Escape Slide Chosen for Norwegian Ferry

Photo courtesy of Survitec

The all-electric Zero Cat ferry, currently under construction at the Fjellstrand yard in Norway, will enter service next year with Norled as the first Norwegian vessel equipped with Survitec Group's most advanced ESS MES automatic escape slide system


Piraeus Port Posts Flat Profit, Sales Dip

Photo: Piraeus Port Authority

Greece's Piraeus Port (OLP) , the largest in the country, said its first-half net profit was almost unchanged from the same year-ago period, while sales fell. Piraeus Port, which is privatisation, is one of the busiest passenger ports in Europe


Seadrill's Q2 2014 Revenue Holds Nearly Steady

Drill ship: Photo courtesy of Seadrill

Revenues for the second quarter of 2014 were US$1,222 million compared to US$1,221 million in the first quarter of 2014, according to the company's financial report. Operating profit for the quarter was US$476 million compared to US$890 million in the preceding quarter






 
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