Sheldon Joins CDI
Ray Sheldon brings 40 years of experience to the company’s global engineering business. CDI Corp. (NYSE:CDI) has announced that Ray Sheldon has joined its Global Engineering and Technology Solutions (GETS) unit as Vice President of Naval Architecture and Systems Engineering. Mr. Sheldon will lead CDI's greater Washington, DC, area operations, which provide advanced technology consulting and solutions to the United States Navy, US Coast Guard, and other defense and commercial clients. Mr.
Reduce Boatbuilding Risk by Starting with Requirements
Managing the risks associated with a new ship acquisition, whether commercial or military, can be a daunting process. For the commercial operator, the new ship must make a reasonable profit after the cost of design and the annual operating costs are accounted for. The warfighter must fit his new acquisition into ever-shrinking fiscal budgets while ensuring that a vital mission capability is met. Programmatic Risk – Will the selected hull form and associated requirements successfully meet the owner’s needs?
Valuable Maritime Services Contract Continuation for CDI
CDI Corp. gets a new U.S. Navy SEAPORT task order to continue to provide watercraft engineering & marine services for the Naval Surface Warfare Center. The watercraft engineering and marine services contract is for the Naval Surface Warfare Center, Carderock Division, Detachment Norfolk – Combatant Craft Division (CCD). The new task order, including all options, has a maximum value of $36 million over a two-year period. CDI will be the principal engineering and installation/alteration contractor for the CCD…
Videotel Works with Industry for Chemical Tanker Training
Chemical Tanker safety comes into sharp focus in a new training course from leading maritime training provider Videotel Marine International. The newly-launched Advanced Chemical Tanker Course has been developed in conjunction with the Chemical Distribution Institute (CDI), with the involvement of some of the biggest names in the chemical tanker industry. Nigel D. Cleave, Videotel CEO, explained the thinking behind the initiative, “Chemical companies employ some of the highest quality workforce and demand the highest quality training for that workforce.
ESD Systems Recommended for Oil/Chemical Tankers
OCIMF and CDI release new information paper Linked Ship/Shore Emergency Shutdown Systems for Oil and Chemical Transfers. The information paper, jointly released by CDI and OCIMF on April 21 recommends an Emergency Shutdown (ESD) connection that will link ship and terminal ESD systems, so that manual activation by the terminal or ship will stop cargo transfer operations. “Linked ship/shore ESD systems have been a standard safety feature of LNG transfer operations for many years,” said OCIMF Director Captain Andrew Cassels.
Jerome Best Named VP at Seaward Services
Seaward Services, an HMS Global Maritime company, has hired Jerome Best to serve as Vice-President for Business Development and Capture at the corporate office in New Albany, Ind. Best most recently held a position as FMS Port Engineer with CDI Marine Company LLC, where he had responsibilities in both Winter Park, Fla. and Beirut, Lebanon. Best studied Occupational Education at Southern Illinois University, Carbondale, before he was enrolled in Defense Acquisition University in Ft. Belvoir, Va. From 1990-2002, he was professionally trained in Management and Systems Acquisition.
OceanWorks Names Business Development Manager
OceanWorks welcomes Keith La Rose to its team in the position of Business Development Manager – Military in Vancouver office. Acting as Business Development Manager for the military industry, Keith’s primary function will be to expand OceanWorks’ penetration of the military market by further raising awareness of the company’s proven custom engineering, standard products, and service capabilities. Throughout his extensive sales career, Keith has held various professional and sales management positions…
Korea Lines orders two VLCCs at Hyundai Heavy
South Korean shipping firm Korea Line Corporation (KLC) has placed an order for two new very large crude carriers(VLCC) at country's biggest yard, Hyundai Heavy Industries (HHI), and the company will explore further collaborations with the country's shipbuilders. According to Yonhap news agency, the new VLCCs are expected to have been delivered by the 2020. The total amount of the agreement will amount at 185.6 billion won (US$173 million). The carriers, which can hold 300,000 tons of crude oil each…
Board Changes at Teekay Corporation
Teekay Corporation announced changes to its Board of Directors. Alan Semple has been appointed as the new Chair of the Audit Committee following the retirement of Eileen A. Mercier effective March 12, 2018. Semple joined the Teekay Board and its Audit Committee in 2015. He has over 30 years of finance and energy industry experience, including as Director and Chief Financial Officer at John Wood Group PLC until his retirement in May 2015. Semple currently also serves on the Board of Cobham PLC, where he is the Chair of its Audit Committee.
Methanol Plant at Libyan Port Shut after Accidental Blast
A methanol plant in the Libyan oil port of Brega has stopped operations after an accidental explosion caused by a gas leak, an official said on Tuesday. The plant will remain shut until safe operations can be guaranteed, but it was not clear how long this would take, said Issa Mukhtar, an official at Sirte Oil Company which runs the plant. One worker was injured by the explosion which occurred early on Saturday and was caused by a leak in a natural gas heating unit, Libya's National Oil Corporation (NOC) said.
Greater Access to INTERTANKO Database
Access to INTERTANKO's Terminal Vetting Database (TVD) is now available to those who are tanker owners/operators, terminal owners/operators, PSC authorities and others with a legitimate interest in improving safety, but who are not Members or Associate Members of the Association. Access to the TVD continues to remain free of charge, although access still requires agreement and compliance with the TVD's terms and conditions of use. We believe that such broadened access to the TVD…
Bharat Mumbai Container Terminals Enhances Connectivity
Bharat Mumbai Container Terminals Private Limited (BMCT) continued to improve connectivity and ease of doing business for JNPT (Jawaharlal Nehru Port Trust) users with its first barge and train volumes last week. A 90-TEU (twenty-foot equivalent unit) block train departed for Mandideep on 13 March 2018, while a second train left for Nagpur on 16 March. Both trains were operated by Container Corporation of India (Concor). On 18 March, there were both barge and rail movements as Shahi Shipping’s “Royal Hugli” barge loaded 75 TEUs at BMCT for the short marine transit to Mumbai Port Trust…
Chance to Buy Carnival Shares at UK Bourse
Carnival Corporation to sell existing shares over time in the London stock market. Carnival Corporation and Carnival Investments Limited, a wholly owned subsidiary of Carnival Corporation, intend to sell existing Carnival plc ordinary shares that they hold in the UK market. Depending on market conditions, Carnival Corporation and Carnival Investments Limited over time will sell up to 32,000,000 ordinary shares of Carnival plc in this program. Under the terms of the articles of association of Carnival plc the ordinary shares sold by Carnival Corporation and Carnival Investments Limited will…
Carnival Signs MOA for First New Cruise Ships Built in China
Carnival Corporation & plc has announced that its cruise joint venture in China has signed a non-binding memorandum of agreement (MOA) to order the industry’s first new cruise ships built in China for the Chinese market. The MOA is subject to several conditions including closing of the joint venture, financing and other key terms. As part of the new MOA, Carnival Corporation’s cruise joint venture in China agreed to order two new cruise ships to be built by a newly formed China-based shipbuilding joint venture between China’s largest shipbuilder…
Carnival’s Fathom Approved for US-Cuba Sailings
Carnival Corporation & plc has received Cuban approval to begin travel to Cuba starting on May 1, 2016. This, following U.S. authorization granted in July 2015, clears Carnival Corporation to operate the 704-passenger MV Adonia to Cuba through its newest brand Fathom, marking the first time in over 50 years a cruise ship is approved to sail from the United States to Cuba. Cuban authorities from Havanatur Celimar, various other agencies and Carnival Corporation today signed agreements enabling cruising by Carnival Corporation to Cuba.
Seaspan Buys GCI from Carlyle
Containership owner and operator Seaspan Corporation announced it has acquired Greater China Intermodal Investments LLC (GCI) from affiliates of The Carlyle Group and other minority owners. Seaspan, which previously held 11 percent of GCI and operated the company’s container vessel fleet, will take over GCI’s 16 on the water 10,000-14,000 TEU containerships plus two newbuilds scheduled for delivery during Q2 2018. All 18 vessels sister ships to Seaspan’s current fleet. “With GCI’s fleet now under our ownership…
Carnival to Add Nine Ships to Cruise Fleet
Carnival Corporation & plc today signed two strategic memorandums of agreement that will add a total of nine new cruise ships to the company’s fleet over a four-year period from 2019-2022. The shipbuilding agreements, which include options for additional ship builds in the coming years, are subject to several conditions, including satisfactory financing. Italian shipbuilder Fincantieri S.p.A and German shipbuilder Meyer Werft will each build new ships based on Carnival Corporation’s next-generation ship designs…
Keppel Listed on Global Sustainability Indices
Driven by a firm commitment to continuously strengthen its environmental, social and governance (ESG) management and strategy, Keppel Corporation's sustainability efforts have gained momentum, affirmed by inclusion on several global sustainability benchmarks in recent months. Keppel Corporation has been included on the latest Euronext Vigeo World 120 index released 28 November 2014. The company has been listed among the top 120 companies in Europe, North America and Asia Pacific for control of corporate responsibility risk and contribution to sustainable development.
Keppel's Senior Executive Director to Retire
Keppel Corporation Limited announced that Teo Soon Hoe, Senior Executive Director, Keppel Corporation will retire June 1, 2014. Teo will step down as Chairman of Keppel Telecommunications & Transportation Ltd (Keppel T&T) and non-independent director of Keppel Infrastructure Fund Management Pte Ltd (KIFM), Trustee Manager of Keppel Infrastructure Trust, with effect from the same date. Teo will continue to represent Keppel Corporation as its nominee director on the boards of Tianjin Eco-city companies, and k1 Ventures Limited.
Carnival Announces Audit Safety Procedures
Carnival Corporation & plc Announces Comprehensive Audit and Review of Safety and Emergency Response Across All Its Cruise Lines. Following the tragic Costa Concordia accident, Carnival Corporation & plc, parent company of Costa Cruises and nine other cruise lines around the world, announced a comprehensive audit and review of all safety and emergency response procedures across all of the company's cruise lines. Carnival Corporation & plc and the cruise industry as a whole have maintained an excellent safety record over the years.
US Corp Buys PCTC
International Shipholding Corporation purchases a 1999-built Pure Car Truck Carrier (PCTC) to fly the US flag. International Shipholding Corporation announce the purchase of a 1999-built Pure Car Truck Carrier (PCTC). The vessel acquisition was funded by a $3.5 million cash payment and the sale of the Company’s 1994-built PCTC, Green Cove, to the seller in a transaction valued at approximately $27.5 million. The newly purchased PCTC, which will be reflagged under the U.S. Flag and renamed Green Cove, will promptly commence a long-term charter with a strong, creditworthy counterparty. Mr.
Wood Jr. Appointed Chairman at American Superconductor
American Superconductor Corporation (NASDAQ: AMSC), a global power technologies company, announced the appointment of John W. Wood Jr. as chairman of the Board, effective August 16. He replaces former chairman and company founder, Gregory J. Yurek, who retired as chief executive officer earlier this year. Wood, 67, has been an independent director of AMSC since 2006. Prior to joining AMSC’s Board, Wood was chief executive officer of Analogic Corporation, a leading designer and manufacturer of medical imaging and security systems.
Carnival Sets Up Asia Unit, Appoints Head
Carnival Corporation appoints Costa Cruises Chairman Pier Luigi Foschi to oversee the company's growth strategies within the Asian region. In his role as chairman and chief executive officer of the new Carnival Asia unit, Foschi will be responsible for establishing Carnival Corporation & plc's new corporate offices in Singapore and providing guidance and assistance to the organization's various operating units in pursuing their Asian cruise strategies. Currently, Carnival Corporation…
Volunteers Pitch In for 'Canal Clean Sweep'
Events Linked to Earth Day. More than 100 groups of volunteers are expected to join in for the seventh annual "Canal Clean Sweep" on the weekend of April 20-22, 2012. Sponsoring partners for the "Canal Clean Sweep" are the New York State Canal Corporation, the non-profit Parks & Trails New York, and the New York State Environmental Facilities Corporation. The events along the 524-mile-long Canal system help celebrate Earth Day, April 22, and prepare the canals for the 188th consecutive navigation season, scheduled to begin May 1, weather permitting. Brian U.
Carnival Plans to Save 1 Billion Gallons of Fuel
Carnival Corporation & plc released the results of its multiyear Fleet Fuel Conservation Program that states by the end of 2014 the cruise company will have saved more than one billion gallons of fuel and reduced fleet carbon emissions by 12 billion kilograms over a seven year period. By the end of 2014, Carnival Corporation's Fleet Fuel Conservation Program will have improved the fleet's overall fuel efficiency by 24 percent compared to 2007, while saving approximately $2.5 billion in fuel costs, the company's single biggest expense.
Carnival Corp MOU with CSSC to Promote Cruise Industry
Carnival Corporation & plc the world’s largest cruise company, today announced it has signed a memorandum of understanding (MOU) with the China State Shipbuilding Corporation (CSSC) to explore the possibility of a joint venture aimed at accelerating the development and growth of the Chinese cruise industry, expected to be one of the largest cruise markets in the world with 4.5 million passengers by 2020, according to the Chinese Ministry of Transport (MOT). Becoming official at a signing ceremony today at the Ninth China Cruise Shipping and International Cruise Expo in Tianjin…