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Frank Halliwell News

15 Jan 2013

Trailer Bridge Appoints Chris J. Dombalis CEO

Trailer Bridge, Inc. has appointed Chris J. Dombalis as a Board Member and Chief Executive Officer of the Company to succeed Frank Halliwell. Trailer Bridge provides integrated trucking and marine freight service to and from all points in the lower US 48 states, Puerto Rico & the Dominican Republic, utilizing an efficient inland network, owned containers and U.S. flag vessels to link the mainland with Puerto Rico via marine facilities in Jacksonville, San Juan and Puerto Plata. Mr. Dombalis brings to Trailer Bridge over 30 years of executive experience in the maritime and logistics industries. Most recently, he served as Executive Vice President of Maher Terminals LLC, one the largest multi-user container terminal operators in the world. During his tenure at Maher, Mr.

14 Nov 2001

CP Ships to Acquire Nordana Line

CP Ships, one of the world's top ten container shipping companies, has reached agreement with Dannebrog of Denmark to acquire Caribbean/Latin American market specialist Nordana Line. The acquisition includes Nordana's business and services and its 10,000 teu container fleet. roll-on/roll-off ships owned by Dannebrog and the sub-charter of three chartered-in ships. commented Chief Executive Officer Ray Miles. Nordana operates three services with a total annual volume of about 50,000 teu. and the Mediterranean. A third service operates between the US/Central America and North Coast South America in co-operation already with the CP Ships brands, Lykes Lines and TMM Lines. CP Ships first entered Latin American markets with its 1997 acquisition of Contship Containerlines. Latin America.

05 May 2004

CP Ships Appoints New Chairman, CEO

Following the Annual and Special Meeting of Shareholders today, CP Ships Limited's Board of Directors appointed Ray Miles as Chairman and Frank Halliwell as CEO. Former Chairman Lord Weir has been appointed lead independent director. Ian Webber continues as CFO. Shareholders approved a change in the by-laws and the Board agreed to extend for a further year the terms of Lord Weir and John McNeil beyond the normal retirement date for non-executive directors of 70 years. The CP Ships Board now consists of the Chairman, six independent directors and two executive directors, all of whom have served since the company was first publicly listed in October 2001.

01 Jun 2004

CP Ships Restructures Executive Ranks

Following the appointment of Frank Halliwell as CEO by the Board of Directors in early May, CP Ships announced a restructured executive management team. Alan Boylan is joining CP Ships as Executive Vice President Commercial for Montreal Gateway, Australasia and Middle East/India. He was previously Senior Vice President responsible for ocean freight activities at Exel, the global logistics company. He joined the shipping industry in 1974 as a marine economist with Ocean Transport & Trading, an Exel predecessor company. He will be based in Gatwick, UK. Juan Manuel Gonzalez has been promoted to EVP Commercial for Americas-Pacific and Gulf/Atlantic. He was formerly Senior Vice President Americas-Pacific. He is based in Tampa, Florida.

07 Apr 2000

Marine Finance Briefs

Slovenian shipping firm Intereuropa and port operator Luka Koper canceled a planned merger because the government was demanding the right to veto any management decisions in the new firm. The two companies had planned to merge on July 1. The state owns 51 percent of Luka, while Intereuropa is privately owned. The state's equity in the new company would have been 35.7 percent. "There will be no merger under such conditions where the government would have the right to veto practically every management decision," Radovan Vrabec, Intereuropa's deputy chief executive, said. He said the two companies would be ready to continue merger talks if the government eased its demands. Vrabec said the two firms would not suffer short-term damage due to the failure of the merger.

06 Aug 2002

CP Ships Completes Acquisition

CP Ships Limited completed its acquisition of all issued and outstanding shares in Italia di Navigazione from d'Amico Societa di Navigazione S.p.A. for $40 million in cash. The acquisition was announced on May 30, 2002. As previously announced, the purchase is being paid for with proceeds from CP Ships' offering in July 2002 of 9.6 million common shares and private placement of $200 million of senior unsecured notes. "We are pleased to welcome Italia as CP Ships' seventh brand," commented CP Ships' CEO Ray Miles. "By purchasing Italia CP Ships continues its strategy of making acquisitions to reinforce our regional leadership position, build trade lane economies of scale and create new opportunities for growth.

15 Nov 2004

CP Ships 3Q Results

CP Ships Limited today announced unaudited operating income for third quarter 2004 of $41 million, up from restated $38 million operating income in third quarter 2003. Net income available to common shareholders was $31 million compared to restated $27 million in the same period 2003. Basic earnings per share was $0.34 compared with restated $0.30 in third quarter 2003. EBITDA(A) was $72 million compared to restated $67 million in third quarter 2003. Free cash flow (B) was $95 million for third quarter 2004 and $130 million for January through September 2004. Volume of 578,000 teu was another quarterly record and was up 4% from third quarter last year, driven by growth in the TransAtlantic and Asia.

07 Dec 2004

CP Ships Reports on Trading Investigation

and chaired by Peter Dey has completed the previously announced investigation into stock trading activities in May and June of this year (2004) by certain officers of the company. investigation addresses, among other things, issues raised in an August 2004 letter from the Ontario Securities Commission concerning these stock trading activities. The Special Committee found that trading in shares of the Company by certain officers in that period should not have taken place. applicable securities laws. It also noted that the trading was done openly and with required internal trading approvals. The Special Committee has requested that the individuals involved, including Chairman Ray Miles, make appropriate restitution to the Company in respect of such trading activity.

20 Feb 2003

CP Ships Announces Management Appointments

Jeremy Masters has been appointed as the vice president for the CP Ships Limited business unit. He will report to Chief Operating Officer Frank Halliwell, and will be based in the United Kingdom. Masters joined Canada Maritime in 1984 and for the past years has been CP Ships Vice President responsible for the Asia Service Unit in Hong Kong, which provides sales, marketing and administrative support for CP Ships services in Asia. He will take over from David Halliday, who for personal reasons will in due course leave the company after a long and distinguished career of over 22 years with both Contship Containerlines and, since 1997, CP Ships. Stuart Rattray will replace Jeremy Masters as Vice President Asia Service Unit in Hong Kong.