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Commandant Adm Bob Papp News

25 Mar 2015

Getting Onboard the Regulatory Train

Rail transport activists, analysts and environmentalists get a real taste of what the waterfront has endured for decades. They’ll just have to get in line with the rest of us. This week finds the collective domestic oil industry wringing its hands about the latest in a series of serious oil transport train casualties. This time, on Monday, the news involved a crude-carrying train that derailed in West Virginia, complete with more than one dozen tank cars afire and necessitating the evacuation of nearby towns. Just before that, another train in Canada consisting of about 100 tank cars carrying crude oil derailed in remote Ontario and suffered a similar fate. Both events naturally caught the attention of environmental and safety activists and oil industry analysts.

06 Mar 2014

VADM Paul Zukunft Nominated to be 25th U.S. Coast Guard Commandant

Jeh Charles Johnson, Secretary of Homeland Security, announced on February 28th that Paul F. Zukunft has been nominated by President Obama to be the 25th Commandant of the U.S. Coast Guard. His nomination requires Senate confirmation. Johnson said last Friday, "I am proud to announce President Obama's intent to nominate Vice Admiral Paul F. Zukunft as the 25th Commandant of the U.S. Coast Guard. Since I became Secretary, I have had the opportunity to get to know Vice Admiral Zukunft, and if confirmed he will be a great leader for the future of the Coast Guard. As a 37 year veteran of the U.S. Coast Guard, he has demonstrated this leadership while serving in a number of different capacities, including coordinating federal response to the Deepwater Horizon Spill.

04 Apr 2013

Proceeding Quietly with Vigor

In a climate of both seemingly fat backlogs and at the same time uncertainty for domestic shipyards, Vigor Industrial is one company that continues to make news in the shipbuilding and repair merger and acquisition markets. After acquiring Todd Pacific Shipyards in 2011 for $130 million, Vigor also diversified its geographic offerings when it scooped up Alaska Ship and Drydock in Ketchikan after raising $75 million through private equity firm Endeavour Capital. Vigor CEO Frank Foti continues to build scale through acquisitions, while diversifying the company’s construction and repair capabilities to include cargo fleets, barges and workboats, ferries, and US Navy and Coast Guard vessels, among others.

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