business
$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
Officers Named By Johnston Pump Company
Appointments to the position of president, vice president-controller, and vice president, sales and marketing, have recently been announced by the Johnston Pump Company. Johnston, headquartered in Glendora, Calif., is a leading manufacturer of vertical pumps for process,
Scheidt Named Marketing And Sales Vice President For American Steamship
Michael M. Scheidt has been promoted to vice president-marketing and sales of American Steamship Company (ASC), Buffalo, N.Y. The announcement was made by ASC's senior vice president, Ned A. Smith. Mr. Scheidt will be actively involved with the
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.
The Posse Comitatus Act of 1878
The Posse Comitatus Act of 1878 (PCA) prohibits the use of the Army or the Air Force as a posse comitatus to execute the laws of the U.S. "POSSE COMITATUS ACT" (18 USC 1385): A Reconstruction Era criminal law proscribing use of Army (later, Air Force)
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.
Owen And Richards Named Managers At Honeywell's Marine Systems Division
As part of an ongoing effort to strengthen its responsiveness to the offshore industry, Honeywell's Marine Systems Division has announced two new appointments. John D. Owen has been named systems business manager. He joined the offshore industry
GD Appoints Welch As Snr. VP
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.
$46-Million Rehabilitation Of Port Of Portland's Terminal 2 Now Underway
State of Oregon and Port of Portland officials joined with area business people at the edge of the Willamette River recently to witness official ceremonies noting the beginning of construction on the $46-million renovation of Port of Portland's Terminal 2.
LevelSeas Buys SeaLogistics
The inevitable slimming of the ECommerce side of the marine business has commenced, with several majors dropping out of business and others merging. Last month. London-based eshipbroker LevelSeas acquired its main competitor, Houston-based SeaLogistics,