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.
It was little more than a year ago that Boyd E. (Butch) King. CEO. took the reigns at VT Halter Marine, a designer and builder of small to medium-sized ships with a varied and rich history. After 15 months on the job, Maritime Reporter caught up with Mr.
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.
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
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.
In today's competitive and bustling marketplace of Internet technology, users expect to accomplish daily tasks with just one click of a mouse. While many companies have begun to lean this way, the maritime industry has joined the ranks of various
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,
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
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.
"In a nutshell that's (the job at Scott) what I did, he said. "I just wanted a decent job where somebody would hire me and pay me a decent wage." Not desiring a career in the toilet paper business, McLeod left Scott and decided to try his hand