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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.


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. (http://bit.ly/1hLsASV) The corporate bonds would yield 5.5 percent per annum and would be guaranteed by ICTSI.


Teekay Completes Norwegian Bond Issuance

Courtesy Teekay

Teekay LNG Partners L.P. announced that it has issued NOK 900 million in new senior unsecured bonds that mature in October 2021 in the Norwegian bond market. The new bond issuance, which was significantly oversubscribed, has an aggregate principal amount equivalent to approximately USD 110 million and all payments will be swapped into a US dollar fixed-rate coupon of approximately 7.75%. In connection with the new bond issuance


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


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


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


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


Aumann Named CEO of Oman Drydock

Stephan Aumann (Photo: Oman Drydock Company)

Stephan Aumann has been appointed by ASYAD (formerly Oman Global Logistic Group) board of directors as the new CEO of the Oman Drydock Company S.A.O.C. in Duqm/Oman. Aumann assumed the role June 15 and replaced the former CEO Jin Han Lee (DSME)


Vancouver Shipyards Promotes Corr to VP

Jim Corr (Photo: Seaspan)

 Seaspan’s Vancouver Shipyards (VSY) has appointed Jim Corr as Vice President – Planning & Estimating.   Corr joined VSY in January 2017 as a consultant, and in June 2017 was promoted to Vice President, Planning & Estimating


James Troop Celebrates 150th Anniversary

L-R Robert Pollock, Bob Troop and Derek Bate in Coburg Dock (Photo: James Troop)

Liverpool diesel-engine sales and maintenance specialists James Troop & Co is celebrating its landmark 150th anniversary with a surge in new business and export sales.   The family-run company based in Runcorn is one of Liverpool’s longest-standing maritime and industrial


Crowley Names Vargas VP, Business Development

Daniel Vargas (Photo: Crowley)

Crowley names Daniel Vargas new Vice President of International Business Development, prtnering with Jeffrey de la Combe to enhance Caribbean services   Veteran sales executive in ocean transportation and logistics Daniel Vargas has been appointed vice president of international business


Crowley Names Michel VP, Human Resources and Learning

Susan “Suz” Michel (Photo: Crowley)

Crowley Maritime Corp. has appointed Susan “Suz” Michel as vice president of human resources and learning, bringing all aspects of human capital management under her leadership – from talent acquisition to training and professional development to long-term employee retention.


Faststream Opens New Global Headquarters

Guy Platten, CEO UK Chamber of Shipping (left), and Mark Charman, CEO Faststream Recruitment Group (right) (Photo: Faststream)

Faststream Recruitment founder and CEO Mark Charman launched the group’s new global headquarters in Southampton alongside Guy Patten, CEO of the U.K. Chamber of Shipping, at an official unveiling event on June 21.   Faststream was established in Southampton in 1999


Vane Brothers’ New Tug Christened

Vane tugboat New York being christened by St. Johns Ship Building Human Resources Manager Carla Newkirk (Photo: Vane Brothers)

The newest Vane Brothers tugboat, the New York, was christened during a brief ceremony June 12 at St. Johns Ship Building in Palatka, Fla   The New York is the sixth of eight 4,200-horsepower, model-bow tugs contracted through St. Johns by Vane Brothers.  


HII Hires Davis to Lead Cyber Security Program

Ron Davis (Photo: HII)

Ron A. Davis has joined Huntington Ingalls Industries (HII) as chief information systems officer (CISO). In this new role, he will lead the company’s cyber security program with responsibility for ensuring the early identification of threats and risks and the implementation of controls and


BW Group Completes VLCC Deliveries to DHT

Photo: BW Group

DHT Holdings, Inc. said it has taken delivery of nine VLCCs acquired from the BW Group Limited, as well as the contracts for two VLCC newbuilds due for delivery in 2018.   "The delivery of the fleet acquired from BW has been conducted in a speedy and efficient manner


New Propulsor Leverages PM Technology

Image: Steerprop / The Switch

Finnish collaborators have unveiled a new propulsion unit. Azimuth propulsion specialist Steerprop has rolled out its new CRP ECO LM propulsor featuring permanent magnet (PM) technology from The Switch.   Steerprop has been developing propulsion units since 2001, while The Switch


MacGregor, ESL Shipping Pact on Autonomous Crane

Pic: Cargotec

 MacGregor, part of Cargotec, and ESL Shipping Oy, part of Aspo Plc, have agreed to jointly develop and test an autonomous discharging feature on MacGregor bulk handling cranes. It is designed to offer safety and efficiency advances.   


Leadership Changes at Newport News Shipbuilding

Lucas Hicks (Photo: HII)

Huntington Ingalls Industries (HII) announced several leadership changes at the company’s Newport News Shipbuilding division. Lucas Hicks has been promoted to vice president of construction for the aircraft carrier John F. Kennedy (CVN 79)


Australian Navy Begins Talisman Saber

HMAS Canberra and HMAS Choules form up outside Sydney Heads enroute to participate in Exercise Talisman Saber 2017. Photo: Royal Australian Navy

 Australia's largest military exercise, Talisman Saber, was officially opened on 29 June aboard the United States Landing Helicopter Dock Bonhomme Richard off the Sydney coast.   Minister for Urban Development, the Honourable Paul Fletcher MP, representing the Minister for Defence


APL Rolls out Aloha Express Service

Photo: APL

APL has unveiled its Aloha Express (AEX) service, a new fortnightly service directly connecting Central China, Korea, Japan to Hawaii. The AEX service promises cargo delivery from Shanghai, Busan and Yokohama to Honolulu in 19, 15 and 12 days respectively.  


The Efficiency of New Ships is Falling: CE Delft Study

Photo: Seas At Risk

 Recent improvements in the design efficiency of new ships went into reverse last year, a new independent study has found. According to the CE Delft study the average design efficiency of new bulk carriers, oil tankers and gas carriers was worse in 2016 than in 2015.   






 
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