Norfolk Shipbuilding & Drydock Corporation (NORSHIPCO) recently announced major changes in its corporate structure. John L. Roper III has been elected chairman of the board of directors. Formerly president and chief executive officer, he will continue as CEO.
Millennium Cell Inc., which designs and develops systems for the safe use of hydrogen fuel in energy applications, has teamed with Seaworthy Systems in a CCDOTT (Center for Commercial Development of Transportation Technologies) and California State University, Long Beach Foundation program.
Last month MR hopped aboard Costa Fortuna, currently under construction at Fincantieri's Sestri Ponente yard in Genoa. The 105,000-gt ship will be the largest cruise ship to ever fly the Italian flag, and the largest — in 30 years — to be built
Despite the less-than-stellar performance by the cruise industry during the last part of 2001, the industry more than had its fair share of newsmaking events — aside from the September 1 1 terrorist attacks — which ultimately exposed the fraility of this leisure sector.
Crowley agreed last month to acquire all of the outstanding shares of Marine Transport Corporation (MTC) for $7 per share. The transaction is conditioned upon a minimum number of Marine Transport's shares being tendered, regulatory approvals, and other standard closing conditions.
Dean E. Taylor, has been promoted to President of Tidewater, replacing William C. O'Malley. who will retain the positions of CEO and Chairman. Taylor was also appointed to the Tidewater Board of Directors. Taylor was previously executive vice president
William J. Holcombe has been elected chairman and chief executive officer of Transamerica Delaval Inc., the manufacturing subsidiary of Transamerica Corporation. Announcement of Mr. Holcombe's election was made by Transamerica Corporation chairman and chief executive officer James R.
Tidewater said that certain provisions of the newly enacted "American Jobs Creation Act of 2004" could have a significant positive effect on its future earnings and cash flows. The Act. which has been approved by both the United States Senate and House of Representatives,
Carnival Cruise Lines has signed a contract with Kvaerner Masa- Yards for construction of an additional 70,000 gross-registered-ton SuperLiner. The new vessel, to be named Fascination, will cost in excess of $315 million and will be a sister ship
Ingram Barge Company, headquartered in Nashville, Tenn., has signed a letter of intent to purchase 319 barges and eight towboats from American Barge and Towing Company of St. Louis, Mo. The terms of the purchase were not disclosed. In making the announcement, Neil N.