Crowley Promotes Warner to CFO
Crowley Maritime Corporation said senior executive Dan Warner has been promoted to chief financial officer, consolidating company’s enterprise-level financial strategy, resources and services under his leadership. Warner has served as senior vice president and treasurer and member of the company’s senior leadership team since 2005. He began his career with Crowley in 2001 as a senior analyst for the corporate planning group…
Austal Wins U.S. Navy Contract for EPF 15
The U.S. Navy awarded Austal USA a $235 million undefinitized contract action modification on Feb. 26, 2021, for the detailed design and construction of Expeditionary Fast Transport (EPF) 15.The EPF program, currently operating on schedule and under budget, has delivered 12 ships to the fleet. The versatility of the EPF design has enabled each ship to provide a significant operational capability tailored to the needs of each geographic command.
One-third of Hin Leong Founder's Ships Sold to Pay Down Debt
About one third of the roughly 150 ships owned by companies controlled by Singapore tycoon Lim Oon Kuin and his family have been sold as part of efforts to repay…
ENERGY: Oil Rises on Vaccine Optimism, U.S. Stimulus
Oil prices open March 2021 on a strong note, supported by optimism about COVID-19 vaccinations, a U.S. stimulus package and growing factory activity in Europe despite coronavirus restrictions.Brent crude was up 63 cents or 1% at $65.05 a barrel by 1150 GMT, and U.S. West Texas Intermediate (WTI) crude jumped 62 cents or 1% to $62.12 a barrel. Both contracts finished February 18% higher."The three major supportive factors are the prevalent vaccine rollouts…
Brunswick Appoints Arbuckle as Marine Autonomy Technology Lead
Brunswick Corporation, in a move to to build on its ACES (Autonomy, Connectivity, Electrification & Shared Access) strategy to develop solutions to further improve boater experiences, named Jason Arbuckle to a newly formed role of Marine Autonomy Technology Lead. Arbuckle joined Mercury Marine in 1997 and has since advanced through the company, working to lead some of the company’s many award-winning innovative technology solutions.
Machado Named MD at Maersk Training UK
Maersk Training UK (MTUK) has appointed a new managing director as the company looks to expand its offering to the North Sea energy sector. Leonardo Machado joins MTUK having previously been managing director of the company’s operations in Brazil for six years. Machado played a key role in developing training for the wind and production industries, as well as expanding service solutions for the firm.With plans in place to grow and expand the business in the UK…
MARKET: Why Don’t OSVs Get Scrapped?
The OSV sector will be reliant on a hitherto unseen amount of scrapping to balance the market, writes Gregory Brown, Associate Director – Offshore, Maritime Strategies InternationalThere is a consensus that an OSV market recovery will only be driven a supply side rationalization. As well as a lack of newbuild activity, that rationalization will have to include unprecedented levels of scrapping in a…
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