Talos, Stone Energy Plan $2.5 Bln Merger
Talos Energy LLC and Stone Energy Corp, two U.S. exploration and production companies focused on the Gulf of Mexico, announced on Tuesday plans to merge and create a new company valued around $2.5 billion including debt, sending Stone's shares down nearly 13 percent. "The idea of a reverse merger works very well for us, as we get a lot of talented people into the company and also use a structure which gets us to the public equity markets", said Timothy Duncan, chief executive of Talos, who will retain the title under the combined company, to be named Talos Energy Inc. Stone shares will be exchanged for Talos stock on a one-for-one basis, while Talos' existing stockholders will be issued 34.2 million shares to give them 63 percent of the combined company, according to a statement.
USNS Comfort's Medical Treatment Facility Changes Command
Military Sealift Command hospital ship USNS Comfort's Medical Treatment Facility changed leadership May 25 as Navy Capt. Kevin J. Knoop assumed command from Navy Capt. David K. Weiss during a ceremony aboard Comfort at Canton Pier in Baltimore. Comfort's primary mission is to serve as an afloat, mobile, acute-surgical medical facility to the U.S. military, with a secondary mission of providing hospital services for disaster relief and humanitarian operations worldwide. Comfort's Medical Treatment Facility, or MTF, is crewed and maintained by medical personnel from the U.S.
Business 'Doctors' Honored for Work on Deep Ocean Group
Business advisory specialists, AlixPartners, honored by TMA for 'International Turnaround of the Year' for their work at DeepOcean Group. AlixPartners, the global business-advisory firm, has been honored by the Turnaround Management Association for its work, in concert with other advisors, at the company now known as DeepOcean Group Holding AS, previously the Trico Marine Group. The AlixPartners team, led by John Castellano, managing director, was cited for its contributions in the highly successful effort, which is the winner of the TMA's "Turnaround of the Year: International Company" award for 2012. The Norwegian-registered DeepOcean Group is an integrated provider of subsea…
BP US Leadership Changes
John Mingé, Regional President BP Alaska, appointed Chairman/President of BP Americas Inc., succeeded by Janet Weiss. John Mingé, has served as head of BP’s Alaska business since January 1, 2009. He will be based in Houston, where he will serve as BP’s lead representative in the US. “BP’s history in Alaska stretches back more than five decades and it is one of the largest and most important businesses in BP’s global portfolio,” Mr. Mingé said. Ms. Weiss serves currently in Alaska as Regional Vice President, Resources, accountable for resource progression and subsurface activities, as well as for IT. In her new role, she will be responsible for BP's oil and gas exploration, development and production activities in Alaska, as well as its interests in the Trans-Alaska oil pipeline.
Australia Names 'Ferry McFerryFace' to Crew's Dismay
Australia “brings a smile” with Ferry McFerryface, but not everyone gets the joke. In the grand tradition of Britain’s Boaty McBoatface, Australian authorities are christening one of the ferries crossing Sydney’s world famous harbor Ferry McFerryface, but some union workers aren’t amused. The New South Wales state government announced the name for one of its six new ferries on Tuesday after a public vote, with Transport Minister Andrew Constance deeming it “one for the kids”.
Salvors Find Bridge of Sunken El Faro
A salvage team looking for the voyage data recorder for the sunken freighter El Faro said on Thursday it had located the bridge deck that separated from the wreckage, but the ship's black box was still missing. National Transportation Safety Board investigators said the search continues for the recorder, which normally is affixed to the bridge but appeared to have detached when the ship sank in a hurricane last month, killing 33 mostly American crew onboard. The bridge was located about one mile from the main wreckage, said Eric Weiss, an NTSB spokesman.
Tomlin Named Executive VP, CFO of Admiral Valve
Admiral Valve, LLC, parent company of CPV and manufacturer of CPV high pressure valves and fittings for industrial gas, petrochemical and shipbuilding industry applications, named Kelly Tomlin as executive vice president and chief financial officer. Tomlin, who had held the position of chief financial officer at CPV for the past four years, will assume the expanded role of executive vice president as a key member of the CPV leadership team. This appointment comes just after CPV Manufacturing named David London as president, further positioning the valves and fittings leader for future growth.
U.S. Navy To Pay Cheney's Utility Bill?
The White House is asking the U.S. Navy to pay the six-figure utility bill for Vice President Dick Cheney's house, as Democrats accused Cheney, the administration's point man on energy policy, of "staggering insensitivity." The bill for electricity, gas and water for the 33-room official vice presidential residence at the U.S. Naval Observatory is projected at $136,000 for fiscal 2002 which ends in September, compared with a budget of $43,600, the White House said. The bills have far outstripped the budget since an electricity meter was installed in 1998, the White House said. This has driven Cheney to practice the energy conservation…
USCG, Police Escort Ferry to Safety
The U.S. Coast Guard and New York Police escorted a NY Waterway ferry to safety in Manhattan after it left the Belford terminal in Middletown and began to take on water during a storm. The U.S. Coast Guard's New York Station received reports that the ferry, named the Peter Weiss, was taking on water over its side near the Verrazzano-Narrows Bridge at 7:56 a.m. After the ferry left Belford, winds became stronger, and were steady at 34 knots, with gusts of 50 or more knots at times. The waves in the New York Harbor were between two and four feet. The 149 passengers were ordered to put on life jackets as a safety precaution. The Coast Guard and police met the boat near the bridge, and escorted it to Pier 11, arriving at 8:42 a.m. No injuries were reported. (Source: Asbury Park Press)
Israeli Unmanned Surface Vessel to Debut at Defexpo 2014
Israel Aerospace Industries (IAI) will be participating in this year's military systems exhibition in India - Defexpo 2014 - Land, Naval & Internal Homeland Security says company CEO & President Joseph Weiss. In the field of Homeland Security (HLS) and protection of maritime economic exclusion zones (EEZ), IAI says it will be presenting an unmanned surface vessel (USV), which supports a wide range of applications for HLS and EEZ protection, including harbor security, patrol of coastal and territorial waters…
SUNY Maritime Free Conference: Cutting-Edge Issues in Shipping
At 8:00 am, on Groundhog Day, Wednesday, February 2, 2011, Maritime College will kick-off the 6th annual Groundhog Day Event, Conference on Cutting Edge Issues in Shipping. Admission is free and open to all interested in the business of shipping. The event will take place in the lecture hall of the Science and Engineering Building, Maritime College campus, Throgs Neck, The Bronx, NY 10465. The day begins with a complimentary continental breakfast, registration and welcome. The event will be hosted and directed by co-chairs SUNY Maritime College professor and maritime attorney, Jeffrey A. Weiss, as well as Professor Larry Howard, Chair of the College’s Global Business and Transportation department. Maritime Security will be the next maritime topic at 10:45 am.
INEOS to Ship US Ethane to China in 2019
U.K. chemicals firm INEOS said it has entered a long-term supply agreement with Singapore-based SP Chemicals to ship ethane from U.S. shale gas to China for the first time starting in 2019. “This is another world first for INEOS after importing shale gas to Europe in 2015,” said David Thompson, CEO of INEOS Trading and Shipping. “By bringing in U.S. The deal involves the construction of a 95,000cbm capacity Very Large Ethane Carrier (VLEC), which is expected to be the world’s largest ethane carrier upon its delivery in 2019. The VLEC will be built under the management of the JACCAR Group.
US' Largest Hopper Dredger Delivered
Great Lakes Dredge & Dock Corporation, provider of dredging services in the United States and provider of environmental and infrastructure services, said it hass taken delivery of the newly built ATB hopper dredge Ellis Island and tug Douglas B. Mackie following completion of U.S. Coast Guard (USCG) and American Bureau of Shipping (ABS) regulatory sea trials. David Simonelli, President of the company's Dredging Division, said, “This advanced vessel which improves the competitiveness of our hopper group and represents a substantial reinvestment in our fleet.
US Warship Damaged in Collision with Tug off Japan
A U.S. guided-missile destroyer, USS Benfold, sustained slight damage when a Japanese tug drifted into it during a towing exercise off central Japan on Saturday, the U.S. Navy said. “No one was injured on either vessel and Benfold sustained minimal damage, including scrapes on its side, pending a full damage assessment,” a statement from the U.S. Seventh Fleet said. “Benfold remains at sea under her own power. The Japanese commercial tug is being towed by another vessel to a port in Yokosuka. The incident will be investigated,” it said. The incident was the latest mishap involving a U.S.
Australia to Order Two More Patrol Boats
Australian Prime Minister, Malcolm Turnbull, and Timor-Leste Prime Minister, Mari Alkatiri, announced that Timor Leste would take two of Austal’s Guardian Class Pacific Patrol Boats (PPBs). When contracted this will increase the total production quantity to 21 from the 19 already committed. Following on from a visit to Austal’s dedicated patrol boat facility earlier that day, Prime Minister Alkatiri joined Prime Minister Turnbull to make the announcement, heralding a step forward in regional cooperation.
QinetiQ Appoints Mellors CFO
QinetiQ Group announced the appointment of David Mellors as Chief Financial Officer. It is anticipated that David will take up his new role with effect from the end of August 2008 when he will also join the QinetiQ Board as an Executive Director. David, 39, joins from Logica PLC, the IT and business services group where he is the Deputy CFO. Previously he was the CFO of Logica’s International division covering operations in North America, Australia, Middle East and Asia and prior to that the Group Financial Controller.
Petrotechnics Appoints Sales VP
Petrotechnics, a provider of software solutions to improve frontline operational performance and risk management in hazardous industries, is continuing its global growth strategy by appointing David Bleackley as Vice President of Sales. David joins Petrotechnics from Aspentech where he was most recently senior sales director of global accounts. David was responsible for managing teams of global account directors and strategic account managers, focussed on meeting client’s strategic objectives with new technologies.
Bollinger Delivers Seventh Coast Guard FRC
Bollinger Shipyards, Inc. has delivered the Charles David Jr., the seventh Fast Response Cutter (FRC) to the United States Coast Guard. The announcement was made by Bollinger executive vice president of new construction, Chris Bollinger, “We are very pleased to announce another successful on-time and on-budget FRC delivery to the Coast Guard. The Charles David Jr. was delivered to the 7th Coast Guard District in Key West, Fla. and will be stationed at USCG Sector Key West. The 154-foot patrol craft Charles David Jr. is the seventh vessel in the Coast Guard's Sentinel-class FRC program.
New Bunker Purchaser at Dan-Bunkering
Dan-Bunkering (America) Inc. has appointed David Kazmierski as Bunker Purchaser as of 1 December 2012. David has over 30 years of experience within trading, inspection and bunker operations, and his employment with Dan-Bunkering is expected to strengthen the company’s position on the American market even further. Dan-Bunkering (America) Inc. in Houston opened for business earlier this year, and the employment of David, who will be working mainly with purchasing, is expected to be followed by further recruitments in the near future.
Digital Marine Comms: Helping to Protect Our Borders
The U.S. Customs and Border Protection (CBP) Air and Marine Operations (AMO) is responsible for security and facilitation operations at 328 ports of entry throughout the United States. Missions include the pursuit, boarding and searching of suspect vessels, seizing vessels and contraband, and arresting violators. It is a difficult and dangerous job. To that end, CBP recently selected SAFE Boats International to design and build a 41-foot Coastal Interceptor Vessel (CIV) that is up to the task.
Spivak Appointed CFO, Seaspan
Seaspan Corporation announced today that David Spivak is joining the Company as its Chief Financial Officer, starting May 2, 2016. Mark Chu will continue to serve as interim CFO until David's arrival, whereupon Mark will continue in his current roles as Vice President, Corporate Development and General Counsel. David has over 20 years of corporate finance and global capital markets experience. From 1995 to 2012, he worked at Citigroup, serving in various roles, including as a…
ISS Appoints Mackay Senior VP, Africa
Inchcape Shipping Services (ISS), the world’s leading maritime services provider, has appointed David Mackay as Senior Vice President for its Africa region. Based in Mombasa, Kenya, David will have operational management responsibility for eight countries in the region, with ambitious plans for more country openings in the coming year. As part of a strategic geographical realignment, Africa has now been designated by ISS as a specific region its own right, having previously been managed as part of the larger Middle East, India and Africa region.
Peterson Comments on Moseley' Resignation
Washington Secretary of Transportation Lynn Peterson issued a statement regarding the resignation of Assistant Secretary for Washington State Ferries David Moseley. Peterson's comments are as follows. After six years of service, Assistant Secretary for Washington State Ferries David Moseley has announced his plans to resign on April 15. David can be proud of his distinguished service at WSF and the many accomplishments he has made while at the helm of the ferry system. I thank him for his contributions and leadership in a position that has tremendous challenges and issues.