The Manitowoc Company, Inc. named Timothy M. Wood as its new senior vice president and chief financial officer. He assumes the role from Carl J. Laurino, corporate treasurer, who had been serving on an interim basis since May. Wood, 54, of Chicago, brings 30 years of financial experience to the post. He previously held the same title at Redem Technologies, but spent the bulk of his career - 23 years - with Borg-Warner Corporation. For six years, he served as vice president of finance and chief financial officer for the billion-dollar company.
Blount/Barker ShipBuilding, Warren, R.I. has elected Jacob A. Stevens III as its new senior vice president. A well-known shipbuilder, whose career highlights include the construction of six 92 ft. (28 m), 4,000 hp Marci-Class Z drive tug boats in under 20 months for Moran Towing, Stevens will be responsible for all shipyard operations including engineering, design, labor, purchasing, scheduling and working with outside contractors.
American Commercial Lines LLC and its affiliated debtors today filed their Joint Plan of Reorganization in the United States Bankruptcy Court, Southern District of Indiana, New Albany Division. ACL and its affiliated debtors, including American Commercial Barge Line LLC and Jeffboat LLC, filed for Chapter 11 protection on January 31, 2003. Richard L. Huber, Chairman and Chief Executive Officer of ACL said “This reorganization of ACL as a stand-alone company provides the best recovery to the
Stolt-Nielsen S.A. announced plans to issue new senior five-year unsecured bonds with a term from April 15, 2004 to April 15, 2009. The senior five-year bonds will have a fixed yearly coupon of 8.75%. The first tranche of the senior five-year bonds will be NOK 500-700 million, with a total borrowing limit of NOK 1 billion. The nominal value of the senior five-year bonds will be NOK 500,000. The purpose of the bond issue is to refinance
Trico Marine Services, Inc. has closed its previously announced refinancing of its existing U.S. revolving credit facility ("U.S. Dollar Facility"). The Company refinanced the U.S. Dollar Facility to relieve the Company of the maintenance debt covenants under that existing facility and to add operating flexibility. The Company's new $55 million senior secured credit facility ("New Credit Facility") is secured by 43 supply vessels. The
Neptune Orient Lines (NOL) Group President & CEO Ronald D. Widdows announced new senior management appointments to head the Group’s APL Logistics business unit and its South Asia Region organisation. Jim McAdam has been promoted and assumes the position of President, APL Logistics, the unit of the NOL Group that provides international supply chain capabilities for customers globally. He replaces Brian Lutt who recently left the Group to pursue other opportunities.
The Southeastern New England Shipbuilding Company (SENESCO) has appointed Gary C. Schuler, the former President of Stanley-Bostitch, as the company’s CEO. In addition to his new post as CEO, Schuler becomes one of two private investors in SENESCO having made a personal investment in the fast growing company. Robert Jarvis, who has served as President of SENESCO for the past two years, will continue in this position and also serve as the COO.
General Dynamics (GD) has named John K. Welch as senior vice president of the corporation and head of the marine systems group, which includes all of the company's shipbuilding and marine service operations. Welch will report to Nicholas D. Chabraja, GD chairman and CEO, at the company's Falls Church, Va. headquarters. Welch, who has been a vice president of the corporation and president of the company's Electric Boat business since 1995, will succeed James E. Turner, Jr
Keppel Corp. Limited and Keppel TatLee Bank Limited have appointed Lim Chee Onn as executive chairman upon the retirement of Sim Kee Boon, effective January 1, 2000. Boon will continue to act as senior advisor to the Keppel Group. Onn, who holds a BSc in Naval Architecture from the University of Glasgow and a Masters in Public Administration from Harvard University, has been senior executive director of Keppel Corp. since September 1983
American Commercial Lines LLC (ACL) announced that on April 15, 2002 it commenced an offer to the holders of its outstanding senior notes to exchange new 11-1/4% cash pay senior notes due January 1, 2008 and new 12% pay-in-kind senior subordinated notes due July 1, 2008 for its outstanding 10-1/4% senior notes due June 30, 2008. In connection with the exchange offer, ACL is also soliciting its noteholders to (1) become party to, and a beneficiary of, a mutual release
FMC Technologies receives subsea equipment order for ExxonMobil's Julia Development field. The Julia field is located in the Gulf of Mexico Walker Ridge area in approximately 7,000 feet (2,100 meter) water depth. FMC Technologies' scope of supply includes six subsea trees
Tim Nolan, as Executive Vice President, will report to Peter Keller, President and be domiciled at Sea Star headquarters in Jacksonville, Florida. Tim has a broad background in liner shipping to include management accountabilities in Chile, as well as, the Latin America and Caribbean trades
Admiral Robert J. Papp, Commandant of the U.S. Coast Guard, to address the Center for Strategic & International Studies (CSIS) forum on May 21, 2013. CSIS Europe Program will host a Military Strategy Forum on the Coast Guard's strategic vision for its future role in the Arctic
The Board of Directors of the company elected Ian C. Strachan to serve as Chairman of the Board effective May 18, 2013. Mr. Strachan replaces J. Michael Talbert who was not re-elected at the company's annual general meeting held on May 17, 2013.
Hornbeck Offshore Services, Inc. announced results for the first quarter ended March 31, 2013. Following are highlights for this period and the Company's future outlook: • Record quarterly revenue of $147
New American Wind Energy Association (AWEA) leadership takes helm with EDPR’s Gabriel Alonso chairing the board. Tom Kiernan to speak as incoming CEO. Generating a sense of electricity like the thousands of wind turbines in the region
The American Association of Port Authorities’ (AAPA) 2013 Maritime Economic Development Workshop in Chicago, June 27-28, will explore the factors driving today’s investments in seaport and related infrastructure. The program's speakers will analyze the risks and rewards for undertaking
AVEVA announced that the AVEVA World Summit 2013 is being held from October 30 to November 1 in Boston, Massachusetts, U.S. Customers from across the world’s process plant, power and marine industries are invited to the Summit
Maritime piracy is both ageless as a threat as well as ductile in its dramatically changing nature both in and around the Indian Ocean and, increasingly, in other parts of the world. Somali piracy erupted in the western Indian Ocean and Gulf of Aden and commercial vessels transiting the area
Ron Widdows, CEO of Rickmers Group and Rickmers-Linie, was inducted into the Annual International Maritime Hall of Fame in recognition of his outstanding contribution to the global maritime industry. He was one of only six people awarded the honor in a ceremony in New York on May 8
Fifteen warships from nine countries around the world, including the latest patrol vessels, frigates, corvettes and destroyers, sailed into Singapore for the Warships Display at IMDEX Asia 2013, taking place at Changi Exhibition Center from May 14-16, 2013.The U.S
The U.K. operation of international oil services group Aker Solutions has announced the appointment of a new vice president to lead greenfield projects as the company looks to expand its capabilities in the sector. Bob Shaw’s appointment is the latest in a series of new senior management
Harkand strengthened its senior management team with the appointment of three senior figures as the company embarks on the next stage in its growth strategy. Kevin Gorman has joined as vice president of HR. One of two new newly created group positions
Wilhelmsen Ships Service (WSS) appointed Romaine Romanet as new General Manager for Belgium. Ms. Romanet brings many years’ experience from a number of multinational businesses in the areas of operation, finance, business development, change project management and people development.
Wison Engineering Services Co. Ltd., the private sector chemical engineering, procurement and construction management (EPC) service provider, announced that it was designated a constituent of the MSCI Global Small Cap Indices, effective after the close of business on May 31, 2013