James H. Cottrell has been named vice president of Ogden Corporation, it was announced by Ralph E. Ablon, chairman and chief executive officer. Mr. Cottrell joins Ogden from the Lummus Company. He will direct Ogden's expansion into equipment for process and energy-related plants.
Z.J. Papazissimos has been named vice president and controller for Sperry Corporation's Electronic Systems operations, headquartered in Great Neck, N.Y. In his new position, Mr. Papazissimos will be responsible f o r directing all financial and
This year. The American Waterways Operators (AWO), the national trade association for the tugboat, towboat and barge industry, celebrates its 60th anniversary. AWO members, representing the inland, coastal and harbor sectors of the industry, recently
Free Color Brochures Available New 340 Radar Replaces Popular 4016 Series Sperry Corporation has just introduced a new 340-millimeter-diameter radar to replace its popular line of Mk 4016 radars for large- and medium-size ships. Known as the 340 radar,
Who's on first? Which U.S. port handled the most tonnage in 1990? Well, if you said New Orleans, Los Angeles, or New York/New Jersey, you're wrong. According to preliminary data recently released by the Port of South Louisiana, the port handled 189.
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.
Paul I. Beining, president of CDI Marine Company, Jacksonville, Fla., has announced an important change in executive management of the company. James M. Dunford, who had been executive vice president, has assumed the position of assistant to the president, and Dr.
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 a deal worth up to $500 million and which would create the world's largest support vessel fleet, Tidewater is negotiating the acquisition of Zapata Gulf Marine. An agreement between the two U.S. groups would combine the 304 vessels of Zapata with the 303-vessel fleet of Tidewater.
Ralph E. Ablon, chairman of Ogden Corporation, has announced that Ogden's board of directors have approved a plan to distribute the stock of Ogden Marine, Inc. (OMI) to Ogden stockholders. It is expected that the spinoff will be completed in late December 1983 or early 1984,