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Thursday, January 18, 2018

Jay Cashman News

Shipyard Auction Row May be Over

Reports indicate that the legal battle over the ownership of the largest piece of the former Fore River shipyard appears to be over, more than three years after auto dealer Daniel Quirk purchased the land at an auction. The U.S. Court of Appeals in Boston has rejected a bid by construction magnate Jay Cashman to overturn the auction. Source: The Patriot Ledger

Barge Hits Rail Bridge

The Coast Guard, Massachusetts Bay Transportation Authority and Massachusetts Bay Commuter Railroad Company responded after a tug and barge struck a railroad bridge in Beverly, MA, on December 21, 2007. The 35-foot tug Edna, owned by Jay Cashman Inc., with barge Weeks #70, was transporting dredge material outbound on the Danvers River to Beverly Harbor when the barge struck the Beverly Railroad Bridge at approximately 4:45 a.m. Both the barge and bridge sustained minimal damage. No injuries were reported. The MBTA and MBCR are working to repair damages to the bridge. Two crewmembers from Coast Guard Station Gloucester worked with the Beverly harbor master to assess damage to the barge, which was minimal.

Jay Cashman Wins Navy Contract

Jay Cashman, Inc., Quincy, Massachusetts, is being awarded a $14,321,000 firm-fixed-price contract for USS Constitution, Berth 1 pier repairs at Charlestown Navy Yard. This project will provide a safe mooring for USS Constitution and the provision of safe visitor access to the ship. The work includes demolition, removal and disposal of existing site features, hazardous materials, waterfront structures, utility systems and the provision of steel sheet pile bulkhead, pile supported pier, fender systems, mooring hardware, mooring dolphins, grading, paving and cobblestone pavement, drainage systems, water systems, electric power and lighting systems, landscape features, and incidental related work.

Sterling Builds Massive Dredger

Deck barge Dale Pyatt sits in May Shipyard while construction is finalized. (Photo: Eric Haun)

Vessel’s crane is the centerpiece of this state-of-the-art, technologically advanced workhorse platform. Sterling Equipment, Inc., an East Coast marine construction rental company based out of Quincy, Mass., has more than 135 pieces of floating equipment in commission, but its newest barge, a 180- x 65- x 12-foot crane dredge, will be among its largest and most technologically advanced. In September 2012, Sterling, a subsidiary of Jay Cashman, Inc., contracted May Shipyard on Staten Island, N.Y.

Two Finalist Proposals for New Port of Philadelphia Terminal

Less than three months after seeking proposals from interested parties to design, operate and maintain a major new marine terminal in South Philadelphia, Governor Edward G. Rendell announced on July 23 the shortlist of teams that will continue in the solicitation process developing a public-private partnership that is expected to bring millions of dollars of investment to the region. One of the teams selected was a consortium comprising Delaware River Stevedores (DRS) and Hyundai Merchant Marine America (HMMA). DRS is a joint venture between Carrix Inc., and Ports America Group, the two largest independent terminal operating companies in the United States. DRS has vast stevedoring experience at several major U.S. ports, including the Port of Philadelphia.

Cashman, Caspian Sea Accommodations

Cashman Equipment Corporation was awarded a three year contract by AGIP KCO, ERSAI, SAIPEM to provide living accommodations for 580 personnel in the Caspian Sea in the Kashagan field. Cashman Equipment constructed 108 buildings in its yard in Amelia, converted two ex Navy Barges at Conrad in Amelia & Morgan City, and built two new ABS barges at Conrad in Orange, Texas and Amelia, all within a six month period. The barges are now being loaded in Pascagoula, Mississippi at Northrop Grumman’s yard on a submersible ship, the Eagle.

America's First Offshore Windfarm – Contractors Chosen

Cape Wind has selected the joint venture team of Flatiron Construction Corp., Cal Dive International, Inc., and Cashman Equipment Corp. as its construction contractor to build America’s first offshore wind farm in Nantucket Sound. Boston-based Cashman Equipment Corp. has constructed many marine projects in Massachusetts and New England and is one of the leading providers of floating marine equipment in the country and provides floating marine equipment worldwide. Colorado-based Flatiron Construction Corp. is one of the leading construction and civil engineering firms in the U.S. “We are excited to build Cape Wind, this project is moving forward and there is no better way for us to enter the US offshore wind market than to help build the first commercial project…

US ACE Connecticut Dredging Contract for Cashman

Cashman Dredging and Marine Contracting Co., Quincy, Mass. has been awarded a $8,238,900 firm-fixed-price, non-option eligible, non-multi-year contract by the Department of Defense for maintenance dredging at Norwalk and New Haven, Conn. Performance location is Norwalk and New Haven, Conn., and funding is from fiscal 2013 operations and maintenance Army funds. The U.S. Army Corps of Engineers - New England District, Concord, Mass., is the contracting activity (W912WJ-13-C-0014).

ACK Marine & General Contracting Launched

Photo: ACK Marine & General Contracting

Kim Shaughnessy, longtime chief financial officer and chief operating officer of Cashman Equipment Corp., officially announced the opening of ACK Marine & General Contracting, LLC, a global marine construction and contracting company based in Quincy, Mass. The firm is certified as a Women Business Enterprise (WBE) at the national level. “I literally have grown up in the marine construction and services industry, working with clients around the world, and know it represents a huge untapped market for female entrepreneurs…

Ensco CFO Jay Swent to Retire

Jay W. Swent IIIExecutive Vice President and Chief Financial Officer

Ensco plc announced today that EVP & CFO Jay Swent, 64, will be retiring after more than 11 years of service. Mr. Swent will continue to serve in his current role until the succession process has been completed and a new CFO has been named. The completion of the succession process may extend into the first half of next year. “Jay has been integral to Ensco’s major achievements over the past decade as the company has grown to become an industry leader,” said CEO and President Carl Trowell.

ENSCO Appoints New V.P and CFO

James "Jay" W. Swent has been named by ENSCO’s Board of Directors to serve as Senior Vice President and Chief Financial Officer, effective immediately. Swent previously held various financial executive positions at Memorex Corporation and Nortel Networks, and served as Chief Financial Officer and Chief Executive Officer of both Cyrix Corporation and American Pad and Paper Corporation. He is a graduate of the University of California at Berkeley, where he received a B.S. in Finance and a Masters Degree in Business Administration. Carl F. Thorne, Chairman and Chief Executive Officer of ENSCO, said "We are pleased that Jay is joining our management team, and look forward to his contribution.

Port Commissioner Lowell Hellervik

PDI Personnel Decisions International, Minneapolis, Minn., Chairman of the Board and Chief Executive Officer Lowell Hellervik, Ph.D., was in April 2007 appointed a Duluth Seaway Port Authority Commissioner by Minnesota Governor Tim Pawlenty. He succeeds Thomas E. Cashman, who was appointed by Governor Jesse Ventura in February 2001. Cashman, a native of Mankato, is president of Feed Service Company, Inc., and executive vice president of the Northwest Agri-Dealers Association, both of Mankato. Hellervik began his career at PDI in 1967, was named President in 1975, and became Chairman of the Board and Chief Executive Officer in 1989. A professional Industrial/Organizational Psychologist…

Rigdon Marine Promotes Harkness

James (Jay) A. Harkness was recently appointed Vice President and Chief Financial Officer of Rigdon Marine. Mr. Harkness is responsible for the financial management of the company, including fiscal controls, insurance placement and claims management and financial reporting. “Jay is a very capable individual with an astute background in all financial procedures of a vessel operating company,” said Larry Rigdon. “He is a take charge person, capable of providing critical data and important statistics, which are essential in the analysis of business forecasts and investments in our capital asset inventory. Mr. Harkness has been involved in the marine services industry for over fourteen years…

SENESCO To Construct Walking Spud Barge

The Southeastern New England Shipbuilding Corp. (SENESCO) will build a 165 ft. dredge barge that will have the ability to walk along harbor floors. Boasting a trio of vertical spuds operated by winches, the forward spud will allow the barge to move without tug assistance. The shipbuilding company formed the agreement with Sterling Equipment of East Boston, Mass.; the project's completion is scheduled for April 2001. A subsidiary of the Cashman Group - a major New England contractor - Sterling's contract is the 10th barge project for SENESCO.

SENESCO To Build Walking Spud Barge

The Southeastern New England Shipbuilding Corp. (SENESCO) will build a 165 ft. dredge barge that will have the ability to walk along harbor floors. Boasting a trio of vertical spuds operated by winches, the forward spud will allow the barge to move without tug assistance. The shipbuilding company formed the agreement with Sterling Equipment of East Boston, Mass.; the project's completion is scheduled for April 2001. A subsidiary of the Cashman Group - a major New England contractor - Sterling's contract is the 10th barge project for SENESCO.

Trailer Bridge Wins Award

Trailer Bridge, Inc. announced that Jay Thomassen, Director, Corporate Sales, is the recipient of the 2003 Malcom P. McLean Innovative Spirit Award. The Company recognized Mr. Thomassen at its annual stockholders' meeting, which took place May 28th at Trailer Bridge's corporate headquarters in Jacksonville, FL. The award, in honor of the late founder of Trailer Bridge who was the leading transportation innovator of the 20th century, is given each year at the Annual Meeting to that employee whose innovative and persistent efforts particularly benefited the Company. In his remarks presenting the award for 2003, John D. McCown, Trailer Bridge's Chairman & CEO, stated, "Jay has responsibility for some of the largest accounts within the Trailer Bridge system.

14,000 TEU Ship Enters NYK Fleet

NYK BLUE JAY Courtesy NYK

On February 22, a new, advanced 14,000-TEU containership entered the NYK fleet after being delivered at the Kure shipyard of Japan Marine United Corporation (head office: Tokyo; president and CEO:  Shinjiro Mishima). The vessel, NYK Blue Jay, employs a hull form that allows for improved cargo-loading efficiency, mainly achieved by minimizing engine-room space. Moreover, the vessel’s main engine is equipped with the world’s first system (patent pending) featuring two power ranges (high and low) that allow for high speed operations…

This Day in U.S. Coast Guard History - March 9

1928-On 9 March 1928 a pulling surfboat with nine men aboard, under the command of Boatswain's Mate First Class William Cashman, got underway from the Manomet Life-Saving to go to the rescue of the steamer Robert E. Lee. The Lee had grounded on Mary Ann Rocks in a heavy gale. While returning to the station the surfboat capsized due to extremely heavy seas, spilling all nine men into the water. Six were rescued but "Captain" Cashman, Surfman Frank W. Griswold, and Surfman Edward R. Stark perished in the line of duty in the freezing water. During the on-going search and rescue operations all 236 passengers and crew from the Robert E. Lee were saved. 1944- The U-225 torpedoed and sank the Coast Guard-manned destroyer escort USS Leopold(DE-319) off Iceland.

Vosper Thornycroft “Preferred Bidder” For New Ship Contract

U.K. shipbuilder Vosper Thornycroft Holdings Plc has been selected as preferred bidder by the Ministry of Defense to supply two survey ships in a deal worth up to $150 million. "Our selection as preferred bidder is recognition of our expertise in the U.K. and overseas as a prime contractor," Chief Executive Martin Jay said in a statement. The 90-m vessels are due for delivery in 2002 and Vosper anticipates signing the contract by early summer. The deal was expected to include a 25-year support package for the vessels.

Globalstar Relocates to Louisiana

Gov. Bobby Jindal joined Globalstar Inc. CEO Peter Dalton, Globalstar Inc. Chairman Jay Monroe, Louisiana Economic Development Secretary Stephen Moret, St. Tammany Parish President Kevin Davis and Greater New Orleans Inc. President and CEO Michael Hecht to announce Globalstar will relocate its corporate headquarters to Covington, La., from Milpitas, Calif. Additionally, Globalstar will relocate a variety of other global business functions to Covington, including product development, finance, accounting, sales, marketing, corporate communications and customer care.

Glosten Names Springer as President

John Springer (Photo: Glosten)

Seattle-based naval architecture and marine engineering consultancy Glosten has appointed John Springer, PE as its new president. As Glosten’s fifth president since its founding in 1958, Springer takes over the role from the company’s fourth President John “Jay” Edgar, PE, and will have direct responsibility for strategic growth, business direction and client service. Springer has been with Glosten for 29 years. He previously managed the firms’ Naval Architecture Group from 1996 to 2003, served as Operations Director from 2004 to 2009 and most recently served on the Executive Management team.

More Ships for Disney?

According to a recent AP report, the head of Disney's theme park division discussed a number of new initiatives to grow the company's entertainment empire, including the possibility of building more cruise ships to expand its current fleet of two. According to the AP report, Jay Rasulo said Disney Cruise Line is "primed" for growth beyond its two ships.

Confirmation Hearing for Maritime Administrator

On July 27, the Senate Commerce Committe will hold a full Committee hearing to consider the following nominations: Charles Nottingham to be a Member of the Surface Transportation Board; Robert Sumwalt to be a Member of the National Transportation Safety Board; Nathaniel Wienecke to be Assistant Secretary for Legislative and Intergovernmental Affairs, Department of Commerce; Jay Cohen to be Under Secretary for Science and Technology, Department of Homeland Security; and Sean Connaughton to be Administrator of the Maritime Administration, Department of Transportation. (Source: http://commerce.senate.gov)

Maritime Reporter Magazine Cover Dec 2017 - The Great Ships of 2017

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