The Carlyle Group, Stellex Capital Complete Acquisition of Vigor, MHI
Global investment firm The Carlyle Group (NASDAQ: CG) and private equity firm Stellex Capital Management today announced they have closed on their acquisition of Vigor Industrial LLC and MHI Holdings LLC. In addition, Carlyle and Stellex announced they have appointed Jim Marcotuli as CEO of the newly created company comprising Vigor and MHI, effective today.Marcotuli brings more than 30 years of leadership experience in the defense and manufacturing industries. He has served in a number of executive and operating roles with Carlyle portfolio companies and in industries spanning defense…
US Navy Ship Named After Pennsylvania's State Capital
The U.S. Navy will name a ship that has yet to be built after the city of Harrisburg. The naming of the future USS Harrisburg was announced Thursday in the Capitol Rotunda, at an event that included federal, state and local officials.Secretary of the Navy Richard V. Spencer named the next San Antonio-class amphibious transport dock ship, LPD 30, in honor of Harrisburg, Pennsylvania, said a press release from Navy Public Affairs.“The people of central Pennsylvania have always played a critical role in forging the strength of our Navy and fighting to defend our nation,” said Spencer.
Two U.S. Flag Tugs Recently Sold
Marcon International has announced to report the recent sales of the following two U.S. flag tugs as sellers continue to upgrade their fleets.The U.S. flag, 4,800 HP twin screw, flush-deck, articulated pusher tug “Java Sea” has been sold by Kirby Offshore Marine of Houston, Texas to private buyers. The tug was originally built by the well-respected Main Iron Works of Houma, Louisiana as the “Patriot” (Hull 360) - a 3,000 HP, EMD 12-645E6 powered, conventional twin screw tug with a raised 49.3’ height of eye pilothouse.
PSA International Acquires Penn Terminals
Marking its first foray into the US, Singapore-based port operator PSA International has completed the acquisition of Penn Terminals located on the Delaware River in the U.S. from Macquarie Infrastructure Partners, a fund managed by Macquarie Infrastructure and Real Assets.Penn is a privately owned multipurpose marine terminal on the Eastern Coast of the USA. Penn’s terminal, warehousing and stevedoring services have enabled it to handle its clients’ cargo since 1986.“This acquisition represents PSA’s very first foray into the USA.
U.S. To “Drown The World” In Oil
A staggering 61% of the world’s new oil and gas production over the next decade is set to come from one country alone: the United States.According to a report by Global Witness, the sheer scale of this new production dwarfs that of every other country in the world and would spell disaster for the world’s ambitions to curb climate change – the effects of which we’re already witnessing through massive heat waves, flooding, and extreme weather.Earlier this year, we crunched the numbers…
Great Lakes Towing Christens Tug Michigan
Great Lakes Towing Company (GLT), the largest U.S.-flag tugboat company engaged in towing on the Great Lakes, has celebrated its 120th anniversary with the christening of their newest tugboat, the Tug Michigan.The Tug Michigan was christened by vessel sponsor, Carolyn Watkins, Chief, Office of Environmental Education and Administrator, Diesel Emission Reduction Programs for the Ohio Environmental Protection Agency.She was instrumental in helping the company secure funding assistance…
Mainstream Names Asia-Pacific Head
Irish wind and solar projects developer Mainstream Renewable Power has appointed Raghuram Natarajan chief executive of its Asia-Pacific business."This key appointment to the Group’s Leadership Team, based out of its newly opened regional headquarters in Singapore, comes ahead of significant expansion plans for the region," said a press release.Natarajan brings a decade and a half of senior leadership experience in the wind and solar industry across India, Thailand, the Philippines…
U.S. CBP Seizes MSC Gayane following Cocaine Bust
U.S. Customs and Border Protection’s (CBP) Area Port of Philadelphia seized the MSC Gayane Thursday following a record seizure of 20 tons of cocaine on June 17.Upon application from the U.S. Attorney’s Office for the Eastern District of Pennsylvania, the United States District Court for the Eastern District of Pennsylvania issued a seizure warrant for the vessel.On Thursday, July 4, CBP executed the warrant and seized the MSC Gayane. CBP has various seizure and forfeiture authorities under Title 19 of the United States Code (USC).“The MSC Gayane is the largest vessel seized in U.S.
DSS Honors Retlif
Retlif Testing Laboratories, the provider of EMC/EMI, lightning and Environmental Simulation testing and engineering services for maritime, has received the prestigious Cogswell Outstanding Industrial Security Achievement Award from the Defense Security Service (DSS).According to a press release from USA's internationally recognized strategic compliance organization, the Cogswell award recognizes industrial security excellence and outstanding achievement in matters related exclusively to a facility’s security program.Established in 1966, it honors the late Air Force Colonel James S.
17.5 Tons of Cocaine found on Containership
A U.S. Customs and Border Protection (CBP) and Immigration and Customs Enforcement Homeland Security Investigations (HSI)-led multi-agency examination of shipping containers at the Philadelphia seaport netted a historic load of cocaine, the largest cocaine seizure in the 230-year history of U.S. Customs and CBP, with an estimated weight of over 17.5 tons and a street value of about $1.1 billion.During a midstream joint boarding Sunday night, CBP, HSI, and U.S. Coast Guard authorities detected anomalies while examining seven shipping containers aboard the MSC Gayane…
Museum Adds Tug OHIO to Exhibit
Great Lakes Towing Company (GLT), the largest U.S.-flag tugboat company engaged in towing on the Great Lakes, christened the new Tug OHIO into service and dedicated the historic Tug OHIO as a part of the National Museum of the Great Lakes.A press release from GLT said that the newly constructed Tug OHIO is the second Damen Stan Tug 1907 ICE design that Great Lakes Shipyard has delivered to The Great Lakes Towing Company. The tug is 64’x24’x11’, powered by two 1,000-hp MTU 8V4000 Tier III diesel engines, and generates over 30-tons of bollard pull.
Fire burns out of control at Philadelphia refinery
A fire was burning out of control at an oil refinery in Pennsylvania on Friday morning, a Philadelphia fire department official said, as local media reported a series of explosions on site.NBC Philadelphia said the "massive" blaze at the 335,000 barrels per day Philadelphia Energy Solutions refinery was visible from miles away and triggered explosions that were felt as far away as South Jersey.The crude section at the Girard Point portion of the refinery was shut down due to the fire, intelligence provider Genscape said.There were no immediate reports of casualties at the complex, which the NBC affiliate said employs around 1,000 people.A company spokeswoman was not immediately available for comment.Three fire stations and a hazardous materials response crew were mobilised, the fire depart
Cocaine Seized in Philadelphia Port
Federal officials in Philadelphia seized more than 15,000 kilos of cocaine with a street value of more than $1 billion at the Philadelphia Port, making it the largest seizure ever for the eastern district of Pennsylvania area and one of the biggest in U.S. history.According to various media report, quoting law enforcement officials, more than 15,500 kilos of cocaine were found in seven containers, which were found aboard a cargo ship, the MSC Gayane, that previously stopped in Colombia, Chile, Panama and the Bahamas.A press release from the MSC Mediterranean Shipping Company said that it is aware of reports of an incident at the Port of Philadelphia in which U.S. authorities made a seizure of illicit cargo.MSC noted it has a longstanding history of cooperating with U.S.
PSA to Acquire Halterm, Penn Terminals
Singapore-headquartered port operator PSA International is all set to take over the Halterm Container Terminal in the Port of Halifax, Canada, and multipurpose Penn Terminals in Pennsylvania, USA.Both Halterm and Penn terminals are 100% owned by Macquarie Infrastructure Partner funds, a fund managed by Macquarie Infrastructure and Real Assets (MIRA). The price was not disclosed.Halterm terminal at the Port of Halifax is the largest container terminal in Eastern Canada. Penn Terminals located in Philadelphia…
Viega Names Samona as Head of HR
Industry veteran Terry Samona has been named Vice President of Human Resources at Viega LLC.Samona oversees human resources management and development at Viega’s operations in the U.S., including headquarters and a seminar center in Broomfield, Colo.; a manufacturing plant and distribution hub in McPherson, Kan.; three additional distribution centers in Nevada, Georgia and Pennsylvania; and a seminar center in Nashua, N.H.Samona’s entire career has been in human resources. Prior to joining Viega, he was vice president of human resources at Hach Environmental.
Voith Delivers First U.S.-Built VSP Units
The first two American-made Voith Schneider Propeller (VSP) units have been delivered and installed in the Rodanthe ferry.Rodanthe is a ferry to be operated by the North Carolina Department of Transportation (NCDOT) and used in its service to the Outer Banks, a string of barrier islands between North Carolina and the Atlantic Ocean.“With the new VSP units installed, the Rodanthe will offer years of smooth, efficient service to the islands. By linking steering and propulsion together, the VSP allows for fast response and precision movement in even the roughest of waters.
Navios Appoints Alexander Kalafatides as Director
The dry cargo vessel player Navios Maritime Partners announced the appointment of Mr. Alexander Kalafatides to its Board of Directors.The international owner and operator of dry bulk and container vessels said in a press release that Kalafatides has nearly 30 years of experience in general management and marketing.Kalafatides also serves as an adjunct professor in International Business at Drexel University. Kalafatides served in the Board of Directors of Navios Maritime Midstream Partners L.P. from 2014 to 2018.Kalafatides received his M.B.A.
Maersk, PBF Logistics in Low Sulfur Fuel Deal
Maersk and PBF Logistics LP announce agreement for production and storage of 0.5% sulphur fuel on the U.S. East CoastPBF Logistics terminal facility in New Jersey to deliver approx. 10% of A.P. Moller – Maersk’s annual fuel demand as Maersk continues preparations for the International Maritime Organization’s (IMO) 2020 global sulfur regulation.A.P. Moller - Maersk and PBF Logistics LP announced an agreement for Maersk to source and PBFX to process crude oil at CPI Operations LLC, a PBF Logistics LP terminal facility in New Jersey, United States.The agreement enables Maersk Oil Trading to supply IMO 2020-compliant 0.5% marine fuel to its customers on the US East Coast. Annual production will be around 1.25 million metric tonnes (mt), the equivalent of approx. 10% of A.P.
Offshore Wind: Good Supply, Growing Demand
In its 2019 “Annual Energy Outlook” the US Energy Information Administration (EIA) projects that electric generation from renewables (wind, solar, hydro) will go from 500 billion KWh in 2018 to 1500 billion KWh in 2050, just 30 years from now.“The AEO highlights the increasing role of renewable energy in the US generation mix,” said EIA Administrator Linda Capuano. “Solar and wind generation are driving much of the growth. In fact, our reference case projects that renewables will grow to become a larger share of U.S.
Crowley Promotes King and Stewart
Crowley Maritime Corp. has announced the promotion of Tiffanny King and Jeannie Stewart to the positions of vice president of People Services. While each has different areas of focus, both will ultimately support Crowley’s mission of ensuring high-performance and employee development across the company. King and Stewart report to Carl Fox, senior vice president, corporate services, in Jacksonville, where all are based.In her new position, King has responsibility for human resources, compensation and employee health and well being.
USN Awards Sub Safety Contracts
Oceaneering International Inc., Chesapeake, Virginia (N64498-19-D-0001); Huntington Ingalls Inc., Newport News, Virginia (N64498-19-D-0002); and General Dynamics Electric Boat, Groton, Connecticut (N64498-19-D-0003), are being awarded cost-plus-fixed-fee, indefinite-delivery/indefinite quantity multiple award contracts with firm-fixed-priced ordering provisions for Submarine Safety (SUBSAFE) and Level I engineering and technical services in the amounts of $827,674,072; $874,341,811; and $1,110,350,671, respectively. This requirement is for management and technical services for the support installation, troubleshooting, repair, and maintenance of main and auxiliary weapons…
EPA Funds Diesel Pollution Abatement Efforts in Mid-Atlantic Region
The U.S. Environmental Protection Agency (EPA) has announced funding for three clean diesel projects totaling $4.7 million to reduce air pollution from aging diesel engines in the Mid-Atlantic region.The funding will go to the Maryland Environmental Service (MES), the Mid-Atlantic Regional Air Management Association, (MARAMA) and the Metropolitan Washington Council of Governments (WashCOG).“Taking steps to reduce emissions from older diesel engines rates among some of the most cost-effective measures we can take to improve the air we all breathe…
How the Coast Guard Supports the Shipbuilding Industry
The U.S. Coast Guard is known for saving lives at sea, but did you know the service plays a huge role in the economy, too?As a regulatory entity, the Coast Guard conducts marine inspections on vessels entering United States ports to make sure the vessels do not pose a safety, security, or environmental threat to the country. With 90 percent of U.S. imports and exports entering or exiting the country by ship, these inspections ensure there is fuel at the gas station, food in the store and presents at birthday parties.But even before a ship ever gets in the water…