business
The Environmental Wave: Successes And Challenges
Dena L. Wilson, V.P., Legislative Affairs American Waterways Operators In many respects, 1990 can be summed up as the year that began the Decade of the Environment, evidenced by enactment of major federal legislation reauthorizing the Clean
Louis L. Frierson Elected President George Engine Company
Louis L. Frierson has been elected president and chief executive officer of George Engine Company, Inc. (GECO). Mr. Frierson will continue as chairman of the board of GECO, a position he has held for the past two years. H.F. Colby, whom Mr. Frierson succeeds,
NMEA Names Gutman President, And Carney Executive Director
The National Marine Electronics Association (NMEA) has announced two key appointments. Gerald A. Gutman has been elected president of the organization and Charles S. Carney has been named executive director. Mr. Gutman is president and co-founder of Nav-Com Incorporated, Deer Park, N.
$1.3 BILLION AVAILABLE TO INITIATE SEALIFT SHIP CONSTRUCTION PROGRAM
Congress, in late October, appropriated $900 million to fund a new fast sealift program. When added to the $375 million remaining from last year, a total of $1.3 billion is now available for initiating a major ship construction effort. High priority has
Port Of Iberia Acquires 70 Adjoining Acres In Master Development Plan
The Port of Iberia in Louisiana recently completed the purchase of 70 acres of prospective new industrial plant sites from Sterling Sugars, Inc. of Franklin, La. Transfer of the acreage, which lies immediately east of the present port property,
Effectively Assessing Your Risks
One of the greatest challenges facing a lender in the maritime industry is appropriate assessment of risk. In this exciting, varied and vibrant industry, a lender's effective risk assessment requires a thorough understanding of the vagaries that characterize the industry.
COMSAT World Systems Division Announces Three Vice Presidential Changes
COMSAT World Systems Division, Washington, D.C., recently announced three vice presidential appointments. Edward J. Martin has been named to the position of vice president, international operations. In his new capacity, Mr. Martin will be responsible
Tidewater Marine Acquires 5 Vessels From Otto Candies
Tidewater Inc.'s marine subsidiary, Tidewater Marine Service, Inc., has completed an agreement to purchase a package of five vessels from Otto Candies, Inc. of Des Allemands, La. According to an announcement by John P. Laborde, Tidewater chairman and chief executive officer,
$33-Million Ore Handling Facility Dedicated At Port Of Toledo
The TORCO Dock, the Port of Toledo's (Ohio) new $33-million iron ore transfer and ground storage facility, was officially dedicated into service recently as the port's e x c l u s i v e transshipment center f o r taconite ore pellets. The new ore handling facility,
ACBL Announces Sweeping Changes
Norb Whitlock, President and COO of American Commercial Barge Line LLC, said, "Today, we took another step to better position ACBL to emerge from Chapter 11 when we implemented a broad-based organizational restructuring that resulted in the release