Austin, Senior VP and CEO, Joins Alvarez & Marsal
Key Energy Services, Inc. (NYSE:KEG) announced on Jan. 26 that William M. Austin, Senior Vice President and Chief Financial Officer has decided to join the turnaround and restructuring group at Alvarez & Marsal. He will leave Key on February 6, 2009. Marshall Dodson, who is the Company's Vice President and Chief Accounting Officer, will assume the additional role of the Company's principal financial officer until the Board elects a new Chief Financial Officer. During this interim period, Mr. Dodson will report directly to the President and Chief Executive Officer, Dick Alario. Commenting on the announcement, Mr. Alario said, "Bill's experience in special situations was of tremendous value to Key as the Board set out to re-orient the Company in 2004.
MARAD's Jaenichen to Open NAMEPA 'Winds of Change' Conference
Acting Maritime Administrator, Paul “Chip” Jaenichen will open the “Winds of Change in Shipping” conference being hosted by NAMEPA (North American Marine Environment Protection Association) in Houston along with the WGMA (West Gulf Maritime Association) on February 19, 2014. The next day, February 20th, NAMEPA is partnering with NOIA (National Ocean Industries Association) to present the “Winds of Change in Offshore Oil and Gas”. Adding even more luster to this period is the inaugural Lloyd’s List North American Awards Dinner on February 19th, where winners of 17 categories will be presented.
Proposed Fee Reduction
H.B. 168, sponsored by Rep. John Alario (D-Jefferson), would reduce the fees for renewal of riverboat gaming employee permits from $100 to $25 in Louisiana. The measure is pending in the Administration of Criminal Justice Committee.
Dick Bollinger Passes Away
Dick Bollinger — President Emeritus of Bollinger Shipyards-- died at home surrounded by his loving family. Richard N. Bollinger died at home on January 17, 2012 of natural causes. He was President of Bollinger Shipyards, Inc. from his graduation from LSU in mechanical engineering in 1950 until his retirement in 2003, and remained President Emeritus and Director Emeritus of the company until his death. During his time with Bollinger, he performed almost every job in the shipyard, including lofting, welding, designing and marine engineering.
Vendee Leaders Clock 480+ Miles on 30th Race Day
Armel Le Cléac’h, FRA (Banque Populaire) leads the standings in this epic world circumnavigation single-handed race. As they roll seamlessly into their 30th day at sea racing, miles tumbling quickly hour by hour on the heels of strong, 25-30 kts NW’ly winds, the Vendée Globe leaders are consistently returning top speeds but also still proving how closely matched the top of the fleet is. Holder of two 24 hours speed records Jean-Pierre Dick has been the quickest through the night…
Yacht Race Leaders: Cape of Good Hope by New Year?
Vendee Globe leaders Armel Le Cléac’h and his long time running partner François Gabart passed into the Pacific Ocean 9 days ago. As was widely predicted, the twosome have finally been slowed through today. It has been the two skippers which are chasing hard behind, Jean-Pierre Dick and Alex Thomson, who have finally been granted the chance to shine. Dick and Thomson are riding up on a fast moving low pressure system which will ultimately reach and rescue the two leaders from…
Stolt Offshore Records High Lay Rate in GOM
Crediting the project team, crew dedication and new pipelay technology for the Gulf of Mexico, Stolt Offshore project manager William Dick announced a high lay-rate achievement on the Williams East Breaks large-diameter pipelay shelf project offshore Texas in the Gulf of Mexico. The shelf pipeline will gather gas production from the proposed deepwater Boomvang/Nansen spars for market delivery and processing. Dick advises that on June 28, “Derrick/lay barge 801” achieved its highest lay rate of 327 joints in a single day on 24-inch diameter pipe with .562-inch wall thickness. “There are not a lot of vessels worldwide—which lay large-diameter pipe—that can beat that achievement.
Hypertherm is Now Fully Employee-owned
Hypertherm, a U.S. based manufacturer of plasma, laser and waterjet cutting systems, has announced the transfer of all its common stock into an Employee Stock Ownership Plan (ESOP), making the company 100 percent employee owned under an S-Corporation structure. Previously, Hypertherm’s ESOP, known internally as the Hypertherm Stock Ownership Plan or HSOP, held approximately one-third of the company’s stock. Controlling shareholders Dick and Barbara Couch created the plan in 2001, followed by a Global Stock Value Program (GSVP) for international associates in 2004.
BAE's New Chairman Designate Joins the Board
Sir Roger Carr will join the Board as a non-executive director & Chairman designate on 1 October 2013 and will succeed Dick Olver as Chairman in the first quarter 2014, following a transition period. Sir Roger, 66, is currently Chairman of Centrica plc and was until recently President of the CBI, the UK’s main business lobbying group. He is also Deputy Chairman and Senior Independent Director of the Court of the Bank of England and a member of the UK Prime Minister’s Business Advisory Group. He will step down as Chairman of Centrica on or before the Centrica AGM in 2014.
Lesar Named New CEO of Halliburton
Halliburton Company's board of directors, elected David J. Lesar, 47, to the board of directors and named him the company's chairman of the board, president and chief executive officer. Lesar replaces Dick Cheney, who resigned to be George W. Bush's Republican Party vice presidential running mate. Lesar, currently the company's president and chief operating officer, joined Halliburton in 1993 as executive vice president and chief financial officer of the Halliburton Energy Services business unit. Subsequently, he served the company in a variety of senior management positions including executive vice president and chief financial officer of Halliburton Company and president and chief executive officer of Brown & Root, Inc.
Craig Named President and CEO of MOL America
MOL Liner Ltd. has announced that Richard “Dick” Craig has been promoted to President and CEO of MOL (America) Inc. effective June 24, 2014. He has 34 years of experience in the container shipping industry including over 11 years with MOL. MOL Liner Ltd.’s President & Chief Executive Officer Toshiya Konishi said, “Dick was instrumental in bringing MOL (America) Inc. up to one of the most efficient and productive organizations within MOL Liner in the last 10-plus years. Craig, currently the executive vice president, sales and operations of MOL (America) Inc., joined MOL (America) Inc.
As Operators Look for the Bottom, Gulf Gloom Persists
Gulf of Mexico vessel operators want to see sustained, higher oil prices. After a rough two years, supply boat owners and operators in the Gulf of Mexico hope crude oil prices will improve in 2017. That would encourage activity among the offshore drillers that they service and would put unemployed boats back in the water. Vessel owners aren’t necessarily banking on a good year ahead, however. “Utilization of OSVs and PSVs in the Gulf is below 50 percent now, down from about 70 percent a year ago and 90 percent two years ago…
APRG Expands Training & Response Team
The Alaska Pacific Response Group L.L.C. (APRG) has added Dick Jackson and Tom Jones to its ICS training and oil spill response team staff. Jackson, formerly with Mobil Oil, will be the primary representative for Oregon and California. Jones, formerly with Alaska Clean Seas will be the primary representative in Fairbanks, Alaska and serve APRG's clients in Alaska's interior and North Slope. APRG provides OPA 90 Qualified Individual Services, Spill Management Team services and associated contingency planning, NIIMS ICS training and NPREP exercises to meet OPA 90 and ISM Code requirements for marine operators.
MMA Honors Alumni
Maine Maritime Academy (MMA) honored its best and brightest at a ceremony held in early November. The college formally recognized alumni success and achievement, student academic success, and faculty achievement at its annual Celebration of Achievement on Thursday, Nov. 9, 2006. Included among those recognized were three outstanding college alumni. All were inducted into the college’s Wall of Honor. Initiated in 1997, the college’s Wall of Honor was created to recognize alumni, who, through achievements in professional and civic life, have brought honor to themselves and to Maine Maritime Academy. Inductees are selected from nominations made at large by alumni and the public.
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…
Containerships Group Not For Sale
sell the company to FESCO or anyone else. Eimskip, which in turn is listed on the Icelandic Stock Exchange. remainder of the company is owned privately in Finland. intend to buy Containerships Group. FESCO and we have no intention of having any discussions with them. Petersburg. terminal in St Petersburg through its Multi Link Terminals subsidiary. It is our main Russian gateway. terminal by illegally closing the access roads to the terminal. terminal and a successful line serving Russia to sell out. will continue to flow freely across our network.
Single-handed Yuletide Southern Ocean
Close to the hypothetical half-way mark Francois Gabart (MACIF) and Armel Le Cléac’h (Banque Populaire) lead the Vendée Globe 2012/13 race. After separating briefly on Saturday, Francois Gabart (MACIF) and Armel Le Cléac’h (Banque Populaire) were back together on Sunday slanting towards the West Pacific gate, 650 miles away. Gabart is just 3.4 miles ahead and 25 miles south of Le Cléac’h. Their present speed in a northwest wind, averaging the fastest in the fleet, with Gabart making 20.5 knots over the last four hours.
Feature:Tidewater Upgrades the Fleet
With over 550 vessels in service, Tidewater, Inc., is by far the world's largest offshore oil service operator. Headquartered in New Orleans, La., Tidewater operates wherever offshore oil and gas is found. While the industry has undergone a slow down in 2002-03, Tidewater is confident that current trends indicate business will improve and the company has been upgrading its fleet of vessels to meet customer needs. "We have a very strong balance sheet," said Stephen Dick, Executive Vice President of operations for North America, North Sea and West Africa for the company. "We have been moving aggressively in the area of new vessel construction, especially U.S. flagged supply boats and crew/supply vessels," Dick added.
Petrich President, Port of Tacoma
The Port of Tacoma Commission named Clare Petrich Commission President and elected officers for 2009 on Jan. 22. Positions among Commissioners rotate yearly, based on procedures approved by the Port Commission in 1999. Petrich replaces Port Commissioner Dick Marzano as Commission President. Marzano will serve as Assistant Secretary in 2009. Port of Tacoma Commissioners serve four-year terms. The five-member Commission is the governing body of the Port, setting policy and authorizing major expenditures. Port Commission meetings and study sessions are open to the public and are held at The Fabulich Center (formerly Port Business Center), 3600 Port of Tacoma Road. Pierce County voters first elected Petrich to the Port Commission in 1995. She was re-elected in 1999, 2003 and 2007.
Dorsett to Head Port Government Affairs
Dick Dorsett recently joined the Port of Tacoma as Governmental Affairs Manager. In this position, he manages the Port’s State Legislative agenda and works with local and regional communities on a number of key issues, including transportation and the environment. "Dick brings the Port a wealth of experience in state and local government," said Julie Collins, the Port's Director of Economic Development and Governmental Affairs. An attorney at law, Dorsett was Executive Director of the Washington Association of Area Agencies on Aging before joining the Port. From 1988 to 1999, he was Deputy Director for Pierce County Government Relations, responsible for comprehensive issues management and policy development.
HII Host Senators at Newport News Shipbuilding
Huntington Ingalls Industries (HII) hosts U.S. Senators Dick Durbin and Tim Kaine at Newport News Shipbuilding for a tour and discussion on the complexities of shipbuilding. HII President and CEO Mike Petters accompanied the senators on the shipyard tour, which included visits in aircraft carrier and submarine construction facilities and a tour of aircraft carrier Gerald R. Ford (CVN 78) which is about 62 percent overall complete. (The ship's christening is scheduled for Nov. 9, 2013).
Amclyde Wins Contracts
FGH Engineered Products Group, the equipment segment of Friede Goldman Halter, Inc., announced that its AmClyde unit has signed new contracts in excess of $13.5 million with customers in Freeport, Texas and Abu Dhabi, U.A.E. "AmClyde is very pleased to receive these key orders from our long-standing customer NPCC (National Petroleum Construction Company) of Abu Dhabi in the United Arab Emirates and our new customer Cabett Subsea Products, Inc. of Houston, Texas," said Dick Juelich, AmClyde President. AmClyde has a contract with NPCC to provide a significant operating increase of the lifting capacity and reach for their 2000-ton model 76 marine crane, originally built in 1973.
Verkuyl New CEO at Feadship Royal Van Lent Yard
Jan-Bart Verkuyl has been appointed the new CEO of Feadship’s Royal Van Lent yard, where he will have overall responsibility for the day to day operations of the current operation in Kaag, its subsidiaries and the second new yard in Amsterdam when it opens in 2018. Dick van Lent has stepped down from official duties after over forty years of service, although he will continue to offer his invaluable experience to the Feadship cause. A passionate sailor who has participated for many years in national and international regattas…