CEO

Fincantieri Proceeds on Costa Fortuna

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

 

New Technology Has Promising Maritime Applications

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.

Competition for Princess Cruises Heats Up With Arison Entry

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.

VT Halter: King has Company Back on Track

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.

Ingram Barge Company Acquires Additional Barges And Towboats

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.

Cruise Industry Gathers in Miami

Every March, the cruise industry gathers in Miami, Fla. for the Sea Trade Cruise Shipping Convention - which usually sometime during March. Just in time to relieve the mid-winter blahs, this year's Convention will be held from March 3-6, 2003 at

Crowley To Acquire MTC

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.

Tidewater: Effects of New Tax Bill Are Positive

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,

Salvage Posture Changing With The Times

S a l v a g e response in the United States, and to a considerable degree throughout the world, has evolved to become essentially a new industry as measured by historical precedent. There are five principal factors, which have forever changed

Despite 11% Increase, Hempel Disappoints

Despite a new volume record in 2003 and an 11% improvement of net profits before extraordinary items, Hempel's CEO Ditlev Engel is not fully satisfied with the result. The major fall in the dollar is the reason that the group was unable to live up to its own expectations for greater progress.

 
 
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