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Charles Cushing News

28 Apr 2016

Ferry Conference: Technology Drives Vessel Advancements

On June 2-3, 2016,  the Ferry Safety and Technology Conference will be held in downtown Manhattan. Throughout the world, the quickening pace of technological advances is impacting all sectors of the maritime business; ferries are no exception. The conference, now in its second year, will feature practical and affordable technologies already deployed in passenger transportation, or soon to be. Topics to be discussed will include Vessel Design; Landings – with a focus on their resiliency and Maritime Weather – with fresh information on timely fine scale marine weather detection. Information management and Communication applications will be center stage.

10 Sep 2014

WFSA Ferry Design Competition: University Team Wins

The World Ferry Safety Association (WFSA) has announced the results of its Second Annual international student design competition for a Safe Affordable Ferry. The goal of the design competition is to elicit new approaches for ferry design in the developing world as well as to encourage designers to enter this arena for which there is a need and a developing market. Ms. Roberta Weisbrod, WFSA’s Executive Director, said: “The Sewol disaster reminds us that these are all our children. The top prize of $5,000 is to be awarded to the student team from the Memorial University of Newfoundland, Canada, which designed a double-hulled vessel using such standard and affordable features as mild (low carbon…

16 Sep 2013

Winners of WFSA Ferry Design Contest Announced

Today the results of the World Ferry Safety Association international student design competition for a Safe Affordable Ferry were announced. The goal of the design competition is to elicit new approaches for ferry design in the developing world as well as to encourage designers to enter this arena, for which there is a need and an emerging market. An announcement of the winners, chosen by an esteemed team of judges (see below), and a recognition of all participants, will take place at the Annual Meeting of Interferry, in Malta, on October 7. Following the submissions, Dr.

01 Nov 2009

Waryas Receives Lauren S. McCready Award

(left to right) Dr. Walter M Maclean, recipient of the 1968 Lauren S. McCready award, and Ed Waryas, Lloyd's Register North America, Inc. (Photo courtesy Lloyd's Register North America, Inc.)

Ed Waryas, Vice President & Marine Development Manager for Lloyd’s Register North America, Inc. has received the Lauren S. McCready Award for 2009. This award is presented annually by the U.S. Merchant Marine Academy Alumni Association for “Outstanding Naval Architecture or Marine Engineering Contributions to the Maritime Industry.”  The award recognizes alumni who are members of the Society of Naval Architects and Marine Engineers (SNAME) and who have made significant technical achievements possible. It is named for Rear Admiral Lauren S.

21 May 2002

Trailer Bridge Finalizes Senior Loan Amendment

Trailer Bridge, Inc. announced the execution of an amendment to its financing agreement with GE Capital and the addition of four new members to the Company’s Board of Directors. The amendment with GE Capital waives past non-compliance with certain covenants and establishes new financial covenants that the Company is confident it will remain in compliance with. Trailer Bridge has a $15 million revolving credit facility, with actual draws determined by a borrowing base formula. At March 31, 2002, the amount outstanding under this facility was $4.7 million. The Company also has approximately $10.3 million outstanding under a term loan facility with GE Capital. The Company also announced that Peter S. Shaerf has joined the board and that Malcom P. McLean, Jr., Greggory B. Mendenhall and F.