Bba News

Heavy rainfall in southeastern Brazil has prompted miners including Vale SA to suspend some operations, they said on Monday, after downpours caused deadly floods in the northeast and threatened to delay harvests in the midwest.Rainfall is expected to remain heavy this week in most of top mining state Minas Gerais, after runoff closed roads and railways.The rains may also have contributed to the dramatic collapse of a canyon rock face in the state on Saturday, killing 10 people visiting a waterfall on boats.In the northeastern state of Bahia…

Ports of Indiana (POI) announced that it has hired Bernard (Ben) Weithman as the new Ports of Indiana-Mount Vernon port director.Weithman will lead port operations and business development for the Mount Vernon port. His industry experience includes more than 30 years in business development, startup and long-term sustainable operations. A senior-level executive in the transportation, agriculture and freight sectors, he most recently served as a senior transportation market consultant at IHS Markit.

Bryceon Sumner has joined Foss Maritime as chief financial officer, hired to oversee all aspects of the organization's financial function and performance. Sumner brings to the role years of experience gained at a number of organizations ranging from education technology and real estate, to architecture and financial services. Prior to joining Foss, Sumner served as COO and CFO for public and private companies, family offices and as a senior financial officer of a $60 billion government banking insurance fund.

In today’s marine-scape of declining newbuild activity, many boatbuilders are seeking to buoy up productivity by reducing time to market. But how do you go about contracting intricate concurrent design and production flows without loss of quality, let alone the risk of production spiraling out of control? The general tendency is to overlap design phases. However, this potentially creates a greater number of uncertainties. Ship design includes multiple disciplines and specialties in spiraling activity cycles.

The board of directors of Twin Disc, Inc. has elected Jeffrey S. Knutson to the position of chief financial officer and treasurer effective June 22, 2015 in addition to his current roles as vice president of finance, corporate controller and secretary. "Jeff has done a fantastic job since assuming the interim chief financial officer role in February," stated John H. Batten, president and chief executive officer. "Jeff's experience and contributions to Twin Disc since joining the company in 2005 make him uniquely qualified to step into the chief financial officer position. His strong global financial experience and deep understanding of our business and culture are valuable assets to Twin Disc.

Bart Reynolds has been hired to take over as president of Seaspan Marine, the company announced today. Appointed to lead Seaspan’s Marine Division, Reynolds joins the company with more than 20 years of experience in leadership positions and senior management. In the last 15 years, Reynolds has held positions in the offshore supply boat business in the United States, West Africa, the Mediterranean and Latin America, most recently serving as Vice President, Americas at GulfMark Offshore Inc. Prior to that, he worked at Tidewater Marine LLC as Area Manager, U.S. Operations.

The National Ocean Industries Association (NOIA) Board of Directors has elected Cindy B. Taylor as Chair and Kevin McEvoy as Vice Chairman for the upcoming 2015-2016 term. Taylor and McEvoy assumed their positions at the NOIA Annual Meeting today in Washington, DC. Since 2007, Cindy has served as President and Chief Executive Officer of Oil States International, Inc., a publicly traded diversified oilfield services company headquartered in Houston. She also serves on the company’s board of directors, and has been NOIA’s Vice Chair for the 2014 -2015 term. “The oil and natural gas industry is tough and resilient. Since I first joined NOIA…

Norwegian Cruise Line Holdings Ltd. (Nasdaq:NCLH) announced today that Jason Montague has been named President and Chief Operating Officer of Prestige Cruise Holdings, Inc. effective today, following the resignation of Kunal S. Kamlani. Montague was instrumental in launching Oceania Cruises in 2002 and is widely regarded as one of the original co-founders of the company. "As we continue to refine the future organization, Jason stands out as a leader who is knowledgeable about the brands and is so passionate about them," said Kevin Sheehan, president and chief executive officer of Norwegian Cruise Line Holdings Ltd. Prestige Cruise Holdings, Inc. Chief Executive Officer Frank Del Rio noted that Montague had played a key part in creating the great brands that have been built at Prestige.

Clarkson Capital Markets, the investment banking arm of shipping services group Clarkson PLC,  says it has enhanced its equity research coverage with the appointment of Omar Nokta as Managing Director of Shipping Research. Omar will be based in CCM's New York office. Omar brings significant sector experience and expertise to Clarkson Capital Markets. He joins CCM from Global Hunter Securities LLC where he was Senior Shipping Analyst. Prior to this he was Senior Research Analyst at Dahlman Rose, where he helped build the company into one of the leading shipping focussed investment banks, advancing its energy, commodities and metals and mining product offering.

Brazil's Petrobras estimates it will save costs for 18,000 million dollars between 2015 and 2021 findings with direct contracting to explore four oil surplus subsalt areas of the country, the company said Friday . The company expects investment required would be for about 26,000 million dollars to acquire areas, discover and define the potential surplus oil, according to a filing with the Securities and Exchange Commission (CVM). The presentation was used this afternoon by the president of Petrobras, Maria das Graças Foster, in a meeting with analysts at the headquarters of the state company in Rio de Janeiro. On Tuesday, the National Energy Policy Council (CNPE) Petrobras chose to remove…

Pacific Infrastructure, a subsidiary of Canadian oil company Pacific Rubiales, is developing the multipurpose terminal Puerto Bahia in the South of Cartagena Bay on Colombia’s Caribbean coast. In September 2012 Pacific Infrastructure awarded the construction of the multipurpose terminal to a consortium formed by Isolux Corsán (Spain), Tradeco (Mexico) and Tampa Tanks (U.S.). The construction of Puerto Bahía is scheduled to be completed during the first half of 2015. The total…

In support of energy infrastructure in Latin America, Milbank, Tweed, Hadley & McCloy LLP represented Itaú BBA S.A. in providing a $370 million loan for construction of a new multipurpose port facility and terminal in Cartagena Bay, Colombia. The new Puerto Bahia terminal, located on Colombia’s northern Caribbean coast, is one of the most significant investments in the country’s energy infrastructure sector to date. When operational in early 2015, the crude oil and products terminal…

Attorney Stephen H. DonCarlos was appointed to the Port Commission of the Port of Houston Authority by the Harris County Mayors and Councils Association on Sept. 19. The Harris County Mayors and Councils Association is an organization representing 26 cities in Harris County. Port Commissioners serve two-year terms without pay. DonCarlos was named to the seat previously held by Jimmy Burke. Burke  had served as Port Commissioner since 1999. An attorney with Reid, Strickland & Gillette, L.L.P., DonCarlos was elected as Mayor of the City of Baytown in May 2006.

The new company, CIT Maritime Finance will originate & underwrite blue water vessel financing & its managing director is Svein Engh. CIT Maritime Finance will offer senior secured loans, sale-leasebacks, and bareboat charters to owners and operators of oceangoing cargo vessels including tankers, bulkers, container ships, car carriers, as well as offshore vessels and drilling rigs. It will offer financing solutions that will help add value and drive business for customers. “The…

OSX 2 Leasing B.V., a subsidiary of the OSX Brasil S.A., entered into a facility agreement with a syndicate of international banks lead by ING, Itaú-BBA and Santander, related to the granting of a loan in the amount of US$ 850 million, pursuant to the contractual terms, for investment in the construction and installation of the FPSO OSX-2. The facility was initially underwritten by the three lead banks and thereafter syndicated globally. In addition to the lead banks, the financial institutions participating in the syndicate are: HSBC, Citibank, ABN Amro Bank, Banco do Brasil and NIBC. The general conditions of the loan are: average interest of Libor rates + 4.41 % p.a.…

Cal Dive International, Inc. announced today the retirement of Scott T. Naughton, the Company’s Chief Operating Officer, effective September 9, 2011. Also, the Company announced that John R. Abadie, Jr., the Company’s current Senior Vice President - Operations - Western Hemisphere, has been promoted to serve as Executive Vice President and Chief Operating Officer, and that G. Kregg Lunsford, the Company’s current Executive Vice President - Strategy and Business Development has been named Executive Vice President and Chief Strategy and Business Development Officer of the Company, both effective September 9, 2011. Mr. Abadie has nearly 20 years of international and domestic offshore marine construction experience. Mr.

New York City – April 29, 2011 – Holland & Knight is pleased to announce that Brad L. Berman has joined the firm as Partner in the firm's New York City office. Prior to joining Holland & Knight, Berman served as Executive Director of the Liberian International Ship & Corporate Registry (LISCR), the world's second largest ship registry and 60+ year old corporate registry, where he oversaw all aspects of the Liberian corporate and shipping program, including corporate and other entity formation, and ship registration and mortgaging.

Tidewater announced the election of Cindy B. Taylor to its Board of Directors for a term expiring in July 2008. Mrs. Taylor comes to Tidewater with a distinguished and successful career in the oil and gas industry. Since May 2006, Mrs. Taylor has served as President and CEO of Oil States International, Inc., a diversified solutions provider for the oil and gas industry. From May 2000 through May 2006, Mrs. Taylor was a Senior Vice President, Chief Financial Officer and Treasurer of Oil States. Taylor previously held executive positions with a public drilling company and various management positions in public accounting. Taylor earned her Bachelor of Business Administration (B.B.A.) degree from Texas A&M and is a Certified Public Accountant.

Philadelphia Gear Corporation announced the promotion of Scott Biddle, 36, to the newly created position of Northeast Regional Sales Manager. Biddle's new position includes management of sales growth throughout the eastern U.S. - an area already covered by himself, several Philadelphia Gear sales personnel, and three independent firms who represent Philadelphia Gear in their respective territories - along with the expansion of his own sales territory to include eastern Pennsylvania and northern New Jersey. As a regional sales manager, he will work to ensure that Philadelphia Gear customers are serviced in a fashion that meets their immediate needs.

Willbros Group Inc. development. Hamilton has over 23 years of business and project development experience in the oil and gas industry, including 18 years with Willbros. Before joining Willbros in 1983, Hamilton held positions in both the manufacturing and operating sectors of the pipeline industry. Hamilton will be responsible for developing and implementing marketing strategies for the entire range of project management, engineering and construction services, including engineering, procurement and construction (EPC) services. He earned his B.B.A. degree from Baylor University. Jim Beasley, president of Willbros Engineers Inc., commented, "Lonnie Hamilton has been an important part of our management team and has played a major role in the growth of our company.

In mid-March the new foot/bicycle ferries Prinses Máxima and Prins Willem-Alexander were inaugurated. Two years ago, on 26 March 2002, the Queen’s Commissioner in the Province of Zeeland Mr W.T. van Gelder and the contracting shipyard B.V. Scheepswerf Damen Gorinchem, signed the contract for the construction of two new foot/bicycle ferries. The ships, which are identical, are so-called SWATH vessels (Small Waterplane Area Twin Hull). In SWATH vessels, the part of the vessel that is visible above the water surface ‘flies’ over the water…

Rinus Schepen, Senior Vice President and General Manager of Crowley's Latin America services announced that Rob Clapp has been promoted to Director of Pricing and Yield Management and Brad Brown has been promoted to Director of Finance for the Latin America liner services group. Both will remain domiciled in Jacksonville and report to Schepen. In his new position, Clapp is responsible for all contract administration, pricing and yield management activities. He joined Crowley in 1988 as an accountant in the company's financial reporting department. Since then he has held positions of increasing responsibility within the Latin America liner services group, including Manager of Management Reporting, Manager of Planning and Director of Finance.

Telecommunications industry veteran Lawrence R. Fyock has been appointed vice president sales for MariTEL. Launched in June 2001, MariTEL’s new Marine Wireless VHF Radiotelephone Network and Digital Selective Calling (DSC) currently covers the Gulf of Mexico and lower Mississippi River. Fyock’s will be responsible for MariTEL’s sales activity as the Network expands nationwide over the next few years. Fyock has over 19 years experience in telecommunications. He was most recently vice president ofsales and marketing for Digital Access, Inc. a facilities-based voice, video and data provider. Fyock was also a district director and vice president of sales and marketing for Sprint PCS, where he developed sales and marketing programs for the nationwide wireless provider.