Business Consultancy Sets Up Maritime Practice
As the $380-billion international maritime industry continues to try to find its bearings following the perfect storm of the financial crisis, the Great Recession and skyrocketing fuel costs, AlixPartners, the global business-advisory firm, today announced that it has officially christened its cross-functional group that helps clients in this space the AlixPartners Global Maritime Practice. Said Fred Crawford, CEO of AlixPartners: "Approximately 90% of world trade is carried by the international maritime industry, and as the industry continues to dig out from the global recession and resulting vessel overcapacity, maritime companies…
Makin Island Takes Top Honor at Local Surface Line Competition
Crewmembers from Pre-Commissioning Units (PCU) Makin Island (LHD 8) and Mesa Verde (LPD 19) wrapped up the first Pascagoula Surface Line Week (SLW) competition on Feb. This week of events matched the two amphibious ships against each other for the honor of ‘Top Gator’ in events, which were divided into two categories, professional and athletic. In the professional events, participants competed in Cable Building with Soldering, Combat Systems Operational Sequence System/ Engineering Operational Sequence System (CSOSS/EOSS), a Damage Control (DC) marathon, Damage Control and Rules of the Road exams, a Chili Cook-off, and General Ship Safety.
MC Shipping Appoints New CEO
MC Shipping announces that with effect from August 1st, Tony Crawford, CEO of V.Ships Financial Services & Projects Division, will take up the position of CEO and President of MC Shipping. On secondment from V.Ships, Tony takes over from Enrico Boggazzi as CEO and Guy Morel as President. Crawford will also replace Tullio Biggi on the Board of Directors of the Company. The new management will implement a business plan which will grow MC Shipping's activity around a number of market opportunities including the LPG sector. The Board also announces the formation of a Nominating and Governance Committee made up of the independent directors. This Committee is being formed a year ahead of the time mandated by current legislation.
This Day in Coast Guard History – May 13
1905- An Executive Order extended the jurisdiction of the Lighthouse Service to the noncontiguous territory of Guam Island. 1952- The Coast Guard announced the establishment of an Organized Reserve Training Program, the first in U.S. Coast Guard history. Morton G. Lessans was sworn in as the first member of the Organized Air Reserve on 12 December 1951. 1986-CGC Manitou stopped the 125-foot Sun Bird in 7th District waters and her boarding team discovered 40,000 pounds of marijuana hidden aboard. The boarding team then located the vessel's builder's plate and learned that the Sun Bird was the decommissioned "buck-and-a-quarter" cutter Crawford. The former cutter and her 14-man crew were taken into custody.
WR Expands US NAVCOM Service Capability
U.S.-based maritime technology firm WR Systems has expanded its commercial maritime service network within the U.S. The opening of strategic service centers in Tampa, Fla. and New Orleans, La. complements the existing service hubs of Norfolk, Va. and Jacksonville Fla., the company said. WR devotes almost 100 technicians to the support of commercial, military and publicly owned vessel NAVCOM systems. The company is authorized to supply and service a wide range of leading marine electronics suppliers including Furuno…
Frosch - Marine & Offshore Specialty Team
FROSCH, a Travel Management Company in the US, with dual headquarters in Houston and New York, has recently created and hired a Marine and Offshore Specialty Team with a combined 100 years of experience in crew rotation management (Led by Managing Director and Industry Veteran – Gina Crawford). Through the combination of the FROSCH Corporate and Offshore Teams, we are offering a centralized solution to travel management for the energy market. Source: Frosch
Fred Olsen Buys H&W Real Estate Interests
Norway's Fred Olsen Energy is buying the real estate interests of its Belfast, Northern Ireland shipyard Harland and Wolff for $67.2 million to boost the yard. "This is to improve Harland and Wolff's position to succeed in competing and obtaining orders," Senior Vice President Leif Dons said. Fred Olsen Energy owns about 70 percent of Harland and Wolff. Fred Olsen Energy is buying the so-called Titanic Quarter with about 100 acres (40.47 hectares) of land in Belfast and 35 acres of partly-developed commercial land beside the yard. "We're taking the property development away from Harland and Wolff to let the yard concentrate on securing jobs," Dons said.
CWind Bags Crew Transfer Contract
CWind wins crew transfer vessel contract from Fred Olsen at Walney 1 & 2 offshore wind farms CWind announced that it has won an eight-month contract to provide crew transfer services to Fred Olsen at Walney 1 and 2 offshore wind farms. One of the more than 20 crew transfer vessels in the fleet operated by CWind, will assist with O&M activities at the two wind farms. Peter Jorgensen, Managing Director, CWind commented the contract win: “Fred Olsen had a requirement for an additional crew transfer vessel and we’re delighted to be able to support them in their operations.”
VSD Subsidiary Appoints Managing Director
VSD Global (VSDG), a subsidiary of VSD, LLC (VSD), headquartered in Virginia Beach, Va., has appointed Fred Stewart, CPT to the position of managing director. Fred was selected after serving as international business development director of VSD for the past four years. He has significant experience with the U.S. Navy, extensive knowledge of international markets, and a background in the training community. He has a bachelor’s in sociology/education, and a master’s certification in training systems. Fred began his Navy career as an enlisted boiler technician and was commissioned as a naval officer specializing in steam propulsion and engineering systems. He first served as a Navy instructor before being designated a master training specialist.
MC Shipping Announces 2Q Results
MC Shipping Inc. announced a Net Income for the quarter ended June 30, 2004 of $670,800 or $0.08 per share, compared to a net income of $515,231 or $0.06 per share in the corresponding period in 2003. Total revenues in the second quarter of 2004 were approximately $7.9 million compared to $9.9 million in the corresponding quarter of last year. The Company's earnings before interest, taxes, depreciation and amortization (EBITDA) were approximately $3.1 million, and the ratio of EBITDA to interest was 3.4x. In the corresponding quarter of 2003, EBITDA was approximately $4.7 million and the ratio of EBITDA to interest was 3.7x. In the first six months of 2004, Net Income totaled $1,530,484 or $0.18 per share compared to a net income of $983,959 in the first six months of 2003.
Fred. Olsen's ‘Poison, Murder & Mystery Cruise’
Fred. Olsen Cruise Lines is proud to introduce a very unique cruise experience for Summer 2015, aboard its 880-guest ship Boudicca, the like of which guests will never have seen nor heard of before! Fred. Olsen will be offering an exclusive sailing, created around secrecy and suspense, with Boudicca’s 16-night D1516 'Poison, Murder & Mystery Cruise', departing from Rosyth (Edinburgh) on 10th July 2015, linking the Duchess of Northumberland’s 'Poison Gardens' at Alnwick Castle – which starred as ‘Hogwarts School of Witchcraft & Wizardry’ in the Harry Potter films – and that of Mr. Fred.
Marine Underwriting Division Launched by Blades Marine
J. H. Blades's new marine underwriting division will underwrite brown water exposures for specialty retail agents and brokers. Specific coverages will include hull and liability, protection and indemnity, builder’s risk, miscellaneous marine liability, vessel pollution, excess marine liability, bumbershoots and other related marine coverages. At the helm of the new venture is David Manion, who joins Blades Marine as Executive Vice President. Manion has spent more than 20 years in marine underwriting. He has extensive experience in the brown water exposure space as well as providing London specialty marine lines wholesale broker services. He holds a B.S. in Occupational Safety and Health from Murray State University in Kentucky.
Haab Joins Maritrans Inc. Board of Directors
Maritrans Inc., announced that Fred Haab has been appointed to the Board of Directors, effective April 30, 2002. Stephen A. Van Dyck, Chairman and Chief Executive Officer of Maritrans commented, "We are very happy to welcome Fred to our board. Haab, one of five outside directors for Maritrans Inc., is President and Chief Executive Officer of F.C. Haab Co., Inc., a 57-year-old firm that markets petroleum products and provides HVAC services in the Mid-Atlantic area. In accepting the appointment, Haab remarked, "Having been in the petroleum business for over 39 years, I hope to bring this experience to the Maritrans Board of Directors. Haab is being appointed by the Board to fill a vacancy on the Board of Directors.
Trimaran Christened for Fred. Olsen S.A.
The newest and most significant vessel yet to arrive on the world fast ferry scene was christened Benchijigua Express in a ceremony at the yard of high speed ship builder Austal in Henderson, Western Australia on November 5. Godmother of the vessel Mrs Juana Hernández Cabrera, wife of Fred. Olsen, S.A. Managing Director Mr Guillermo Van de Waal, cut the ribbon to christen the trimaran with a magnum of champagne across her bow. Also in attendance from Fred. Olsen, S.A. were Mr Fred Olsen Jnr, Chairman, the vessel’s senior officers and management from the company’s European offices. Powered by four diesel engines driving three waterjets the Auto Express 127 trimaran will be able to maintain Fred.
Ganger Rolf Acquires Cruise Vessel
Fred. Olsen Cruise Lines Singapore which is 50 percent owned by each of Ganger Rolf ASA and Bonheur ASA, has entered into an agreement with a subsidiary of Star Cruises Ltd. to purchase the 1988 built 34242 grt. cruise vessel MV Norwegian Crown, with delivery late August 2006. The vessel will upon delivery be chartered back to the sellers for a 14 months' period until around 1 November 2007. The vessel will be re-named at re-delivery. commence operations for Fred. Olsen Cruise Lines in early 2008. Total project costs amount to about USD 130 million. Upon completion of this acquisistion Fred. Black Watch, MV Braemar and MV Boudicca.
Hurricane Fred Strengthens in Eastern Atlantic
Hurricane Fred strengthened early Monday in the eastern Atlantic as it approached the Cape Verde Islands, while the remnants of Tropical Storm Erika brought flooding to parts of South Carolina, according to U.S. forecasters. The center of Fred is expected to pass near or over the northwestern Cape Verde Islands, an archipelago off the west coast of Africa with a population of 525,000. Fred had maximum sustained winds of 85 mph (137 kph), but was expected to gradually dissipate after passing the Cape Verde Islands, the National Hurricane Center (NHC) said.
Fred.Olsen Energy, Hyundai Settle Rig Dispute
Rig firm Fred. Olsen Energy and South Korean yard Hyundai Heavy Industries settle dispute over construction of semi-submersible rig Bollsta Dolphin. Shares in Fred. Olsen Energy up 17 percent at 0736 GMT on the news, after rising 37 percent at the opening of the Oslo bourse. Ownership of platform will be retained by Hyundai and arbitration proceedings associated with disputes have been terminated by consent. Fred. Olsen Energy's subsidiary firm Bollsta Dolphin will receive about $176.4 million from Hyundai of first installment paid by Bollsta. Reporting by Gwladys Fouche
Austal Ships To Build World’s Largest High-Speed Multihull
Australian shipbuilder Austal Ships and European ferry operator Fred. Olsen, S.A. have signed a historic contract for the world’s largest high-speed multihull vessel which will be based on a new hullform that will reportedly revolutionize fast sea transportation. When delivered in the second half of 2004, the 416-ft. (126.7-m) cargo-vehicle-passenger fast ferry will also be larger than any existing diesel-powered fast ferry – catamaran or monohull. It is also believed to be the world’s largest all-aluminium ship. For Austal Ships, the new 126-m ferry is a significant, but carefully planned and evaluated, progression in high-speed ship design that is based on the successful performance and stability…
Dogger Bank Site for Innovation with Another First
The Dogger Bank offshore wind zone is proving to be a site for innovation as a new and safer installation technique has been used to lift Forewind’s initial meteorological mast tower on top of the innovative suction-installed bucket foundation. The use of the Bucket Foundation was also a UK industry first when placed on site in February. Fred. Olsen United implemented the concept of moving the riggers, who previously had to be near the lattice towers during installation, and instead introducing guide cones, therefore eliminating the risk of a swinging or falling load causing an accident.
Rig Assists a Rescue at Sea
Captains Nunez and Jerry Crawford were aboard Dolphin Towing Company’s Dumar V on September 12, returning from a rig move, when a helicopter owned by American Helicopters of Angleton, Texas fell into the Gulf, a quarter of a mile off the vessel’s bow. When the helicopter, hit the water, floats inflated, and the two occupants scrambled into the water. The Dumar V, a 150-ft. offshore tugboat, pulled alongside within a few moments, and members of the boat’s crew threw life rings to the two people in the water. There were no injuries reported. The helicopter was on its way from Amelia, La., to an offshore production platform, which was only about one mile away. The Dumar V had just complete a rig relocation assignment and was on its way back to home port in Port Fouchon, La.
MTN, Fred.Olsen Extend 4-Year Relationship
MTN Communications (MTN) announced Fred.Olsen Cruise Lines has extended its four-year relationship with the company. Fred.Olsen chose to increase the breadth of communications, content services and support MTN provides. The MTN partnership includes an enhanced onboard suite of connectivity options for passengers and crew. MTN will continue to provide crew calling and its Worldwide TV service (MTN TV). Known for exclusive service catering to European travelers, Fred.Olsen itineraries include the Caribbean, Mediterranean and Baltic regions; Norway; the British Isles and Africa.
Wood Group Extends North Sea Chevron Contract
Wood Group has secured an extension to continue to support Chevron Upstream Europe across four offshore assets in the North Sea. Wood Group PSN (WGPSN) will deliver operations and maintenance services to the Alba Northern platform, Alba floating storage unit, Captain floating production, storage and offloading vessel and Captain wellhead protector platform, under the one year contract that extends an agreement in place since 2010. Effective immediately, the contract retains more than 30 jobs and adds to Wood Group's support of Chevron in the UKCS…
Prince Elected to the Marine Products
Marine Products Corporation (NYSE:MPX) announced the expansion of the Board to 10 members and the election of Larry L. Prince, as a new Director of the company. Prince serves as the Chairman of the Executive Committee of the Board of Directors of Genuine Parts Company; Chairman of the Board from 1990 through February 2005 and Chief Executive Officer from 1989 through August 2004 of the Genuine Parts Company. Prince also serves as a director of Crawford & Company, and SunTrust Banks, Inc. Marine Products is a manufacturer of fiberglass boats, including Chaparral pleasure boats and Robalo sport fishing boats. (www.marineproductscorp.com)