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
Grimaldi Group has been elected General Motors' supplier of the year due to its overall outcome as logistics provider. The award was granted during a ceremony held Saturday April 3. at the Hilton Hotel in Prague. Ho Andersson. GM's Worldwide Purchasing
An energy-saving device that replaced steam traps on U.S. Navy ships won a $25,000 prize for the inventor, a civilian employee of the Navy, at a ceremony on the White House lawn. President Carter made the presentation to Lawrence L. Guzick for
May 4-5, Washington, D.C. ASNE Day, the annual event consisting of a technical program and exhibition of the American Society of Engineers (ASNE), will be held at the Omni Shoreham Hotel, Washington, D.C., on May 4-5. The theme of the event is "Naval Engineering into the Next Century.
MaritimeDirect. an online information and e-commerce marketplace for the maritime shipping industry, has added new executives to its e-commerce team and expanded its global presence, supplementing its existing New York and Tokyo offices with a new office in Hong Kong.
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
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.
Sound Ocean Systems, Inc. (SOSI) of Redmond, Wash., has been awarded a major contract from the Naval Sea Systems Command for the supply of Multi-Mission Underwater Remotely Operated Vehicle (MMUROV) systems. SOSI is teamed with SUTEC (Scandinavian Underwater Technology) of Linkoping,
In all probability, the changes taking place in Europe will have a profound impact on the way ocean carriers do business in the years ahead. Of course, no one can predict exactly what the European economy will look like in 1992. While many people
Recently, the Board of Directors of the Marine Machinery Association met with a select group of U.S. Navy officials to discuss incidents of poor quality in parts and services being supplied to the Navy as a result of awards to less than qualified suppliers.