The responsibility of melding, developing and profitably leading one of the world's most prolific high-technology marine companies is, to say the least, a daunting task. Assuming the post with no marine industry experience would seemingly make the job all the more difficult.
A key East Coast shipping executive, long active in U.S. maritime affairs, has been elected chairman of the board of the American Institute of Merchant Shipping (AIMS) for the next 12 months. He is Fred S. Sherman, chairman of the board, Marine Transport Lines, Inc.
A highly diversified maritime service company and owner of one of the world's largest privately-owned tug and barge fleets, Oakland, California- based Crowley Maritime Corporation is commemorating its centennial in 1992. Crowley Maritime began
The long-running feud regarding shipbuilding subsidies is far from complete, and word is that the EU is proposing to subsidize its embattled shipyards in a long-standing dispute over what it views as unfair competition from South Korea. The EU
Eastern Gas and Fuel Associates and Houston Natural Gas Corporation announced recently that Eastern's wholly owned marine subsidiary, Midland Affiliated Company, has agreed in principle to acquire Federal Barge Lines Inc., a wholly owned subsidiary of Houston Natural.
The World's Largest Oil Spill Response Organization On March 24,1989, an oil tanker struck a reef in Alaska's Prince William Sound, causing the biggest oil spill in the history of the United States. While thousands worked to clean up the spill,
W.J. Amoss Jr., president and chief executive officer of Lykes Bros. Steamship Co., Inc., New Orleans, La., announced recently that the purchase of Lykes Steamship by Interocean Steamship Corp. from The LTV Corporation has been completed. The
Although the overall market share is small (four percent based on gt; seven percent based on cgt worldwide), the German shipbuilding industry is number one in Europe and number three in the world. German shipyards are specialists in building high-tech
Shipowners are known for having distinct differences of opinion, but the one thing that all agree on is the importance of having access to capital. In an industry in which assets are generally bigticket items and operating margins can be thin,