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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


New Venture Aims to Uproot Shipping’s Status Quo

Nisomar CEO Captain Claus Hyldager (Photo: Nisomar)

Former Inchcape Shipping Services (ISS) CEO assembles senior team for launch of Nisomar, a data-driven maritime services company   With a belief that innovation in shipping has fallen well behind other sectors, new entrant into the maritime industry Nisomar has launched a range of services


CMA CGM to Tap Indonesian Market

Photo: CMA CGM

 CMA CGM aims to increase its market share in Indonesia to 20 percent by year-end from the current 13 percent, reported The Jakarta Post.   The company's senior vice president in Asia, Jean-Yves Duval said that with aggressive marketing, as well as longer and more efficient routes


Kartsonas Joins Seanergy Board

(Photo: Seanergy Maritime Holdings Corp.)

Dry bulk vessels owner and operator Seanergy Maritime Holdings Corp. has appointed Ioannis “John” Kartsonas as a member of its board of directors, effective May 4, 2017.  Kartsonas has more than 18 years of experience in finance and commodities trading


Cox Takes over as Matson Board Chairman

Matthew Cox (Photo: Matson)

Matson, Inc. president and chief executive officer Matthew J. Cox will succeed retiring chairman of the board Walter A. Dods, the company announced today.   The appointment becomes effective at the end of the company's annual shareholders’ meeting today


Herman Senior Orders Damen Workboat

Damen MultiCat 2712 Panda (Photo: Damen Shipyards)

The Dutch family-owned tug and workboat company Herman Senior BV has ordered its 12th Damen vessel, a Multi Cat 2712. Given the very short delivery time, the new vessel will be officially launched and christened Panda on March 23. Herman Senior has a tradition of naming its ships after famous bears


Subsea 7 Acquires Seaway Heavy Lifting

Photo: Seaway Heavy Lifting

Specialist offshore contractor Seaway Heavy Lifting, a 50/50 joint venture between Subsea 7 S.A. and K&S Baltic Offshore (Cyprus) Limited, is now a wholly-owned subsidiary of Subsea 7.   Subsea 7 said it acquired the remaining 50 percent shareholding in Seaway Heavy Lifting Holding


Russian Navy Chief Visits India

Photo:  Indian Navy

 Admiral Vladimir Korolev, Commander-in-Chief, Russian Federation Navy along with a four member Russian Navy delegation is on an official visit to India from 15 to 18 March 2017. The visit aims to consolidate bilateral naval relations between India and Russia


Seagoing Work Experience Working

For Canberra College Senior Cameron Moncrieff, taking part in the inaugural Defence Work Experience Program - Women in Navy Leadership Camp at HMAS Creswell has paved the way for a career in the Australian Defence Force. Photo: Royal Australian Navy.

 Work experience opportunities are giving students with an interest Defence careers a chance to get hands-on with Navy life, getting to sea and understanding the roles that might start the passion of a lifetime.   For Canberra College Senior Cameron Moncrieff


Singapore's Fourth Littoral Mission Vessel Launched

The launching of the fourth Littoral Mission Vessel - Justice, built by ST Marine for the Republic of Singapore Navy (Photo: ST Marine)

Singapore Technologies Marine Ltd (ST Marine), the marine arm of Singapore Technologies Engineering Ltd (ST Engineering), launched the fourth Littoral Mission Vessel (LMV), Justice, designed and built for the Republic of Singapore Navy (RSN).


Clean Fortnight Activities in Chidambaranar Port

Photo: V.O. Chidambaranar Port Trust

 As per the directives of Government of India, the ‘Swachhta Pakhwada” (fortnight-long cleanliness) activities are being executed on priority basis by V.O. Chidambaranar Port Trust.    As per the scheduled Swachh Pakhwada Action Plan, today, on 20.03


MOL Holds Graduation Ceremony for Filipino Seafarers

A commemorative shot of graduates with guests. Photo: Mitsui O.S.K. Lines

 Mitsui O.S.K. Lines announced the graduation of 88 students in the sixth class of the "3rd Year Program," which MOL introduced with the goal of developing crewmembers who will uphold strict safety standards in vessel operation.  


Steel Cut for First Virgin Voyages Cruise Ship

Photo: Fincantieri

A steel cutting ceremony has signaled the start of construction for the first of three new cruise ships for the Virgin Group’s new cruise line, Virgin Voyages.   The three new ships are being built by Fincantieri at its shipyard in Genoa, Italy for scheduled deliveries in 2020


Crowley’s New STS Cranes Arrive in San Juan

Photo: Crowley

Three new ship-to-shore cranes that were constructed in Ireland were delivered to Crowley Puerto Rico Services’ Isla Grande Terminal in San Juan on Wednesday. The cranes are a key element of the $130 million Crowley is investing in infrastructure improvements to its Isla Grande Terminal


Wärtsilä to Power Norwegian Trawler Newbuild

Photo courtesy of Wärtsilä

Wärtsilä has been awarded a contract to provide the propulsion machinery for a new purse seine fishing trawler ordered by Strand Senior AS, a subsidiary of Strand Havfiske AS based in Norway. The vessel will be built at the Karstensen Skibsvaerft shipyard in Denmark


Glassman Joins VMAG

Robert Glassman (Photo: VMAG)

Marine electronics, navigation and communication systems supplier Voyager Maritime Alliance Group (VMAG) said it has recruited Robert Glassman as a Senior Technical Sales Engineer as it expands its portfolio to provide turnkey marine technology for refits and new builds.  






 
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