Samson Appoints Rheault as President & CEO
Samson, a worldwide leader in performance cordage, announces the appointment of Christian Rheault as CEO, effective July 1, 2019.Rheault comes to Samson with a strong combination of multinational experience. Most recently he was CEO of Greene, Tweed, a US-based global supplier of custom sealing engineered solutions for aerospace, oilfield, semiconductor, petrochemical, and power. Prior to that, he was CEO of C&D Technologies, a company that manufactures systems for energy storage in standby backup power systems.
Liebherr Turnover Tops $11 Billion
The Liebherr Group notched up a company record turnover of $11.8 million in 2018, representing an increase of $828 million, or 7.5 %, compared with the previous year.Despite a slight decline in overall economic growth, revenues from construction machinery and mining equipment rose by 10.8 % to $7,761 million, with especially strong contributions from the Earthmoving, Mobile Cranes and Mining divisions. In the other product areas, which include Maritime Cranes, Aerospace and Transportation Systems…
UK Launches Maritime 2050 Strategy
Britain’s marine industry launched of Maritime 2050, the UK Government’s first ever long-term strategy to support and grow the sector.Described as both visionary and aspirational, Maritime 2050 highlights the Government’s recognition of the importance of maritime – worth over GBP40bn to the UK economy, more than aerospace or car manufacturing – and focuses on the desire to cement the UK’s place as the world's leading maritime nation into the second half of the 21st century.Maritime 2050 is published at a time when the UK faces intense competition from maritime nations in the Far East…
O’Brien Joins Vigor as EVP
Vigor has announced the addition of Jackie O’Brien to Vigor’s leadership team. As EVP of Strategy and Business Development, O’Brien will report directly to the CEO and play a key role in driving the development and execution of Vigor’s growth strategy as a leading industrial company. She will oversee business development for all Vigor business units including defense, aerospace, infrastructure, alternative energy and marine.O’Brien comes to Vigor following a twenty-five year career at Alcoa and Arconic, created by Alcoa’s separation into two independent companies in 2016.
Port of Everett Earns Marad Short Sea Shipping Designation
The Port of Everett has achieved another vital step in reducing congestion on the I-5 corridor while moving more freight in the region. The Port was notified this month that it received designation by the U.S. Secretary of Transportation as a Federal Maritime Administration Marine Highway Project for the Puget Sound Container on Barge Service under the America’s Marine Highway Program.The Port is one of 25 marine highway projects in the nation, and the only marine project designation on the West Coast.
UK Satellites Launched to Track Illegal Shipping Activity
Surrey Satellite Technology Ltd (SSTL) has confirmed the successful launch of two satellites, NovaSAR-1, a Synthetic Aperture Radar (SAR) satellite, and SSTL S1-4, a high resolution optical Earth Observation satellite. The two satellites were launched into a 580km sun-synchronous orbit on board the PSLV launch vehicle from the Satish Dhawan Space Centre in Sriharikota, India on 16 September at UTC 16:38 by Antrix Corporation Limited, the commercial arm of the Indian Space Research Organisation.Sir Martin Sweeting…
Echo Elects Henkels to Its Board of Directors
Echo Global Logistics, Inc., a provider of technology-enabled transportation and supply chain management services, has announced that Virginia “Ginnie” Henkels was named to the company's Board of Directors, effective Monday, September 10.Henkels served as Executive Vice President, Chief Financial Officer, and Treasurer of Swift Transportation Company, a $4 billion North American truckload carrier, from 2008 to 2017. There she held various accounting and finance leadership positions starting in 2004.
Vecchiolla Takes the Helm at VT Systems
ST Engineering announced the appointment of Tom Vecchiolla as President & CEO (Designate) of its US Headquarters, VT Systems. He will take over as President & CEO from General (Ret.) John Coburn on 1 December 2018, who will relinquish his CEO position but remain as non-executive Chairman of VT Systems.Gen. Coburn has been at the helm VT Systems for 17 years since it was set up in 2001 to support the Group’s overseas expansion. Today, the US is the Group’s single largest market outside of Singapore…
Port of Everett Begins Wharf Modernization Project
The Port of Everett hosted a groundbreaking to commemorate the start of construction on the Port’s South Terminal Modernization project – the largest capital project in Port history by dollar value, and the largest maritime construction project on the West Coast.The $36 million South Terminal Modernization project will ensure the Port’s facilities are ready to support the next generation of over-dimensional cargo, including aerospace parts for the new 777X.“I find it fitting that as we celebrate the Port of Everett’s centennial year in 2018…
Multipurpose Cargo Berth Construction Moves Ahead at Port Canaveral
Work is underway on a multipurpose cargo berth project at Port Canaveral that also will accommodate facilities for the growing commercial space industry.Scheduled for completion in mid-2019, North Cargo Berth 8 (NCB8) on the port’s north side will provide the infrastructure and capabilities to handle a growing portfolio of heavy and oversized cargo, including commercial spacecraft components for such companies as SpaceX. NCB8 is designed and engineered as a multimodal/intermodal…
BMT Names Vittal MD in India
BMT has appointed Anup Vittal as Managing Director in India.An aerospace and defense industry veteran, Anup has over 28 years’ experience working in both the private and government sectors. He joins BMT following his most recent role as an industry expert and external consultant with Ernst & Young and prior to this, as Managing Director and Member of the Board at Safran Engineering Services India.
RoRo Vessel Transports a European Space Agency Satellite
On June 15, 2018 at the Montoir de Bretagne roro terminal, an AEOLUS satellite designed by Airbus Space and Defense for the European Space Agency was loaded aboard the ro-ro vessel Ciudad de Cadiz, bound for Kourou, in French Guiana. Managed by the Louis Dreyfus Armateurs Group and chartered to the Airbus Group, the Ciudad de Cadiz usually transports aircraft sections and components, so the loading of the satellite expands its range of industrial cargo. This is the first time that an aerospace industry product will have transited the Port of Nantes − Saint Nazaire…
Unda Named CEO of SENER Group
Jorge Unda, until now the Managing Director of the Engineering and Construction area of the SENER Group, has been appointed CEO for the entire Group, replacing Jorge Sendagorta, who previously combined the positions of President and CEO. Unda becomes the top executive of the company, and Sendagorta remains as President of SENER’s Board of Directors.An industrial engineer in the field of Mechanics from the Higher School of Industrial Engineering of Bilbao (Spain), University of the Basque Country…
J.F. Lehman & Company Appoints Hanenberg to Principal
J.F. Lehman & Company, a leading middle-market private equity firm focused on the defense, aerospace and maritime sectors, is pleased to announce the promotion of William J. Hanenberg from Vice President to Principal. Hanenberg joined the firm in 2008 as an Associate and has been promoted four times. Prior to joining J.F. Lehman, he was an investment banking analyst in the Global Industrials Group at Banc of America Securities where he worked extensively in the Aerospace & Defense end-markets. Mr. Hanenberg earned a B.S. in economics from Duke University and an M.B.A.
Seaspan Makes Leadership Moves
Steve Roth has been promoted to President of Seaspan Ferries Corporation (SFC). In this position, Steve will continue to have the primary accountability for the overall performance of the SFC business unit, including management of day-to-day operations of SFC, as well as the short and long-term strategic planning processes, including setting and fulfilling revenue and profitability targets and maintaining relationships with all stakeholders. He is also responsible for ensuring that customer service expectations are met or exceeded while ensuring the safe operation of SFC’s vessels…
Navy Christens USNS City of Bismarck
Austal celebrated the christening of Expeditionary Fast Transport ship USNS City of Bismarck (EPF 9) with a ceremony at its state-of-the-art shipyard on May 13. City of Bismarck is the ninth of 12 Expeditionary Fast Transport vessels (EPF) that Austal has under contract with the U.S. Navy as part of a contract worth over $1.9 billion. The ship’s sponsor, Congresswoman Jane Harman, headlined the group of officials, naval guests, civic leaders, community members and Austal employees who attended the ceremony beneath the hull of the ship in Austal’s final assembly bay.
V.Group Appoints Ian El-Mokadem as CEO
UK-based ship management company V.Group announced the appointment of Ian El-Mokadem as Chief Executive Officer and Martin Gaard Christiansen as Chief Commercial Officer. Both will assume their positions in the autumn. Ian joins from Exova, the global provider of technically demanding testing, calibration and related advisory services, where he served as Chief Executive for the last six years. Ian was responsible for professionalising and growing the business, which operates in 33 countries…
ST Engineering Invests In Cyber Security
Singapore Technologies Engineering Ltd (ST Engineering) announced that its Corporate Venture Capital unit, ST Engineering Ventures Pte Ltd (ST Engineering Ventures) has made a Series B investment of $5.79m for a minority interest in Janus Technologies, Inc., an endpoint cyber security provider based in California. “This is the first investment by our Corporate Venture Capital unit in companies with cutting edge technologies or breakthrough innovations,” said Vincent Chong, President & CEO of ST Engineering.
Turnbull Named Senior Advisor at Seabury Capital
Seabury Capital LLC has appointed David M. Turnbull as a Senior Advisor. Turnbull will serve to facilitate Seabury Capital’s expansion of its global product and advisory service offerings in specialty finance, investment banking, technology and software applications. Seabury Capital Chairman, President & CEO John E. Luth commented, “The addition of an experienced and well-respected industry expert such as David Turnbull will advance Seabury Capital’s efforts in serving our clients’ needs.
BahriBolloré Logistics Launched in Riyadh
Transportation and logistics company Bahri, together with Bolloré Group, a global player in international freight forwarding and logistics, celebrated the official inauguration of the companies’ joint venture, BahriBolloré Logistics. Bahri owns a 60-percent stake in the joint venture, while Bolloré owns the remaining 40 percent. Headquartered in Riyadh, KSA, BahriBolloré Logistics will provide end-to-end logistics and supply chain management solutions to local and international firms operating in Saudi Arabia.
Two Join Ports of Indiana Commission
Monica Newhouse-Rodriguez and Michael Browning have been appointed by Indiana Governor Eric J. Holcomb to the Ports of Indiana Commission. Newhouse-Rodriguez is managing principal of Newhouse and Associates, a national airport consulting firm which provides airport planning, capital management and development services. Browning is the former president and CEO, and now chairman of the board, for Browning Investments, the largest developer of industrial distribution facilities in central Indiana.
Logistics Cluster Vital to South Carolina -Study
A recent study released by the South Carolina Council on Competitiveness (Council) authored by Dr. Joseph Von Nessen, finds that there are more than 600 logistics companies operating in the state of South Carolina, from transportation, to air freight providers, to warehouse and distribution centers. “The logistics industry moves raw materials and final products from one company to another company, or to a consumer, via ground, sea or air transportation,” said Suzanne Dickerson, director of logistics industry initiatives for the Council.
Rolls-Royce Mulls Sale of Commercial Marine Unit
Industrial conglomerate Rolls-Royce is considering selling the bulk of its struggling marine business as the company embarks on another restructuring which aims to further slash costs. "We are embarking on a further simplification of the business, including the evaluation of strategic options for our Commercial Marine operation and a reduction from five operating businesses to three core units based around Civil Aerospace, Defence and Power Systems," said a press release from the company.
Transnet Concludes Agreement for New Helicopters
Transnet National Ports Authority (TNPA) has concluded negotiations and signed an agreement for the manufacture, supply and delivery of two new helicopters to service the Ports of Durban and Richards Bay. The AgustaWestland (AW 109) helicopters, valued at around R250 million, are being procured from Leonardo S.p.A., formerly Leonardo-Finmeccanica, Finmeccanica and AgustaWestland. They are expected to be delivered by June 2019. This Italian global high-tech company is headquartered in Rome and is one of the key players in aerospace, defence and security.
Tham is President, New Enterprises and Ventures of ST Engineering
Singapore Technologies Engineering Ltd (ST Engineering) announced the appointment of Russell Tham as President, New Enterprises and Ventures, effective March 19, 2018. In this newly created position, Russell will drive the expansion of the Group’s business by building new adjacencies for growth through technology and innovation in verticals outside of the Group’s core businesses in the Aerospace, Electronics, Land Systems and Marine sectors. He will report to the President & CEO.
Seaspan Appoints Brass as CFO
Seaspan Shipyards (Seaspan) has appointed Christof Brass as Chief Financial Officer (CFO). Christof brings over 20 years of experience successfully delivering large, complex programs for multinational companies. With an extensive back-ground in strategic financial planning and analysis, Christof will help drive the continued success and improvement of Seaspan. “As a leader with experience in transforming international finance teams, Christof has all of the skills that we were looking for to lead the financial components of our business…