HCAC to Aquire NRC, Sprint Energy from JFLCO
J.F. Lehman & Company (JFLCO), a middle-market private equity firm said that its investment affiliate JFL-NRC-SES Partners, LLC signed an agreement to sell its membership interests in NRC Group Holdings, LLC (NRC Group), formed earlier this year with the combination of JFLCO companies National Response Corporation (NRC) and Sprint Energy Services (Sprint) , to Hennessy Capital Acquisition Corp. III (HCAC). After the transaction is completed, NRC Group will be a wholly-owned direct subsidiary of HCAC, who will change its name to NRC Group Holdings Corp. NRC Group Holdings Corp.
UK Hydrographic Office Appoints Makewell CTO
The UK Hydrographic Office (UKHO) appointed Terry Makewell to the position of Chief Technology Officer. Makewell has more than 20 years’ experience in leadership positions in government, academia and the creative industries, and will be instrumental in further developing the UKHO as a world-leading center in the marine domain. This will support the UKHO in delivering its vision of becoming the world-leading marine geospatial information agency and hydrographic office by 2020. Makewell joins the UKHO from the Office for National Statistics, where he held the role of Chief Digital Officer.
Metal Shark Wins USN PB(X) Contract
Metal Shark won the contract to produce the U.S. Navy’s next-generation patrol boat, the PB(X), the replacement for the fleet of force protection boats currently in use with Navy Expeditionary Combad Command’s Coastal Riverine Forces (CRF). Subject to annual appropriations, the Navy intends to replace approximately 100 to 160 of its existing 25-ft. and 34-ft. CRF patrol boats with the larger and more modern PB(X) platform over the next 15 years. The Navy has placed an initial, immediate order for eleven of the new vessels.
Promotions at J.F. Lehman
J.F. Lehman & Company, a middle-market private equity firm focused on the aerospace, defense and maritime sectors, has promoted Glenn M. Shor to Managing Director effective July 1, 2016. he firm also recently promoted David F. Thomas to Vice President and R. Benjamin “Ben” Hatcher to Senior Associate. Shor joined the firm in 2010 as a Senior Associate and was promoted to Vice President in 2011 and Principal in 2014. Previously, Shor was a private equity investment professional with both D.E. Shaw & Co. and Providence Equity Partners.
First US-flagged Wind Farm Vessel Delivered
Blount Boats has delivered the Atlantic Pioneer, America’s first U.S.-flagged Crew Transfer Vessel (CTV) for Atlantic Wind Transfers that will begin service for Deep Water Wind Block Island at the end of May. The 21-meter aluminum vessel was designed by South Boats IOW (Isle of Wight), who has designed and built approximately 81 crew transfer vessels for the European Offshore Wind Sector servicing wind farms throughout Europe. In 2011 Blount Boats signed an exclusive licensing agreement with South Boats covering the U.S. offshore wind industry.
Clipper Yacht Race: Making The Turn
Strong winds in the Da Nang New Discovery of Asia Race have led to some thrilling racing conditions for the Clipper Race fleet, with teams recording speeds of over 32 knots near the virtual mark at the most southern point of the course. The choppy sea state presents its own challenges for the crew but as the front runners begin their journey north, conditions are expected to ease slightly over the next couple of days as a high develops off the south of Japan. As Derry~Londonderry~Doire continues to lead the fleet, GREAT Britain and Garmin are in an ongoing battle for second place.
Wärtsilä to Launch Innovation Contest
Wärtsilä launches an innovation contest, Wärtsilä Marine Mastermind, aimed at start-up companies and entrepreneurs, in connection with the start-up event Slush. The purpose of the contest is to find new and unique digital services for the marine industry. The contest is open for existing companies as well as for aspiring entrepreneurs. The winner of the contest will get to further develop the idea together with Wärtsilä's experts and Shift Actions, specialised in agile concept and product development.
Five Minutes with Captain Kate McCue
Continuing Celebrity Cruises’ dedication to advancing the role of women in leadership, Captain Kate McCue’s elevation to command of the Celebrity Summit– a 91,000-ton, 965-foot ship follows that of Lisa Lutoff-Perlo, who was named President and CEO of Celebrity Cruises in December 2014. But, talent is talent – regardless of gender. For her part, McCue has managed ship logistics while sailing worldwide itineraries and played a notable role in the revitalization of ships in Singapore.
The Emirati Crew Leads Volvo Ocean Race
Abu Dhabi Ocean Racing had the Volvo Ocean Race trophy within their grasp as the seven boats entered the final lap on Saturday heading for Gothenburg after a one-day ‘pit-stop’ in The Hague, reports the Khaleej Times. The Emirati crew, skippered by Briton Ian Walker, has an eight-point lead in the nine-month offshore sailing marathon and would need to finish last in the leg and accrue two penalty points to lose that advantage. Since the re-start from The Hague pit-stop on Saturday…
Driving Operational Change with Data-driven Analytics
Real-time reporting and data analysis are key tools to understanding and improving complex operating environments of today’s companies where the overall effects of any individual action can be very difficult to identify without a proper tool set at hand. Identifying and continuously improving best practices are also best served by the same process which then allows shipowners and operators to see what’s happening underneath all the noise — to find what otherwise would be lost in the variance of the data.
Technology Answers Risk and Security Questions
The job responsibilities of Maritime Professionals inevitably include the requirement to understand risks, analyze options for risk mitigation, and make strategic and tactical decisions to ensure the viability of the enterprise. Business leaders must also do this while balancing goals and objectives related to profitability, and return on investment. But how do you get that done? Today, promising decision support tools that enable executives to simplify the process of risk management – and reduce the time and cost associated with those tasks – are now on the market.
BAE CEO Making the Best of Shutdown, But ...
Linda Hudson, President and CEO of BAE Systems, Inc. said she has been told that little legislative progress had been made so far, and voiced her concern over the impact a lengthy shutdown could have on businesses, and the families, communities and customers that depend on them. "Thank you for all your comments on my blog during the past week. Despite the widely varying political views expressed, two things are obvious. There is a great deal of frustration regarding our elected officials’ unwillingness to work together productively to end this shutdown…
Boat Transport: Ocean Trade Lines Fix US/Far East Delivery
Florida-based boat transporters Ocean Trade Lines orchestrate transport of two Zyvex Marine vessels, Seattle to Malaysia. Last month Ocean Trade Lines, operating out of South Florida, USA, announced that their cargo-yacht-boat shipping services would expand to now service most of the Far East ports of call. Since the announcement was made, the company has seen a major influx in requests for boat transport services to the region. Ocean Trade Lines now offers a bi-monthly direct service to all major ports of call in the Far East.
Landing Craft Vessel for Alaska Fitted with Triple UltraJets
Armstrong Marine, Port Angeles, WA, delivered ‘Arctic Solution’, an impressive landing craft to transport equipment and personnel to and from oil producing regions near Prudhoe Bay, AK. ‘Arctic Solution’ was built for Arctic Marine Solutions in Seward, Alaska, to an innovative landing craft design developed by Pat Eberhard, Engineer and owner of CoastWise Corporation. This new new design is co-owned by Arctic Marine Solutions and CoastWise Engineering. When laden this 38.6 ton (85,000 lb.) vessel has an impressive sprint speed of 30 knots (Lightship 35 knots)!
An Alternative Route to Greener Shipping
The management of Greenhouse Gas (GHG) emissions from shipping has been widely talked about and extensively reported on over the past six months. The disappointment of COP 15 and the resulting lack of clarity has caused some frustration as well as an increased likelihood that there will be a plethora of regional and potentially costly regulations to respond to. So with this new set of challenges on the horizon perhaps now is the time to reflect on some of the alternative ways of promoting energy efficiency and greener shipping.
Turbine Transfers Increases Fleet
Turbine Transfers Ltd will increase its fleet to 20 vessels by the end of 2011. With the fast growing development of major offshore wind farms in Britain, Belgium, Holland, Germany and Denmark, Captain Mark Meade of Anglesey UK-based Holyhead Towing, has seen the potential for larger fleets of crew transfer vessels dedicated to the offshore wind farm industry. Often customers now require four or five boats at the larger and further offshore sites, and that demand cannot easily be supplied by the smaller companies in the field.
Ultrajet Power Three High-Speed Catamarans
Ultra Dynamics supplied three sets of twin UltraJet UJ377 Waterjet installations to South Boats for their New Mk II GRP 43/12m WFSV RRV Catamarans RRV Audrey, Offshore Response 1, and Spike Islander. The GRP catamarans have all been tailored to meet specific code and operational requirements of Wind Farm operations operators Turbine Transfers (Holyhead Towing) and Offshore Wind Power Marine Services:Limited (OWPMS) and Waddentaxi in the Netherlands respectively. Constructed on…
Freedom’s Maiden Deployment
The Navy's first littoral combat ship, USS Freedom (LCS 1), left Naval Station Mayport Feb. 16 for her maiden operational deployment to the U.S. Southern Command (SOUTHCOM) and U.S. Pacific Command (PACOM) areas of focus. During the independent deployment, Freedom will participate in counter-illicit trafficking (CIT) operations off the Atlantic and Pacific coasts of Central and South America and the Caribbean Sea. A U.S. Coast Guard Law Enforcement Detachment (LEDET) is embarked aboard Freedom to facilitate CIT operations.