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.
Teekay Shipping Corporation has entered into a definitive agreement to acquire Naviera F. Tapias S.A.. a leading independent owner and operator of LNG carriers and crude oil tankers in Spain. Teekay has also entered into an agreement with the shareholders
Designed for transport of logs, the 41,545-dwt bulk carrier Sanko Stork (shown below) was delivered recently by the Tamano yard of Mitsui Engineering & Shipbuilding Company (MES) to the Jade Corporation of Liberia for charter to Sanko Line. She
The largest tugboat ever built in the United States to run on heavy fuel oil was completed and christened recently at McDermott Shipyards' Morgan City Division in Bayou Boeff, La. The 140-foot, twin-screw Valiant (shown above) was built for Houston-based Bulkfleet Marine Corporation.
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.
Zapata Corporation of Houston recently announced that its board of directors and the board of directors of Trafalgar House Limited have approved an agreement for Zapata's U.K. subsidiary, Zapata Off-Shore Services Limited, to acquire Offshore Marine Limited,
In a new phase of the Government's multi-billion-dollar synthetic fuels program, the Department of Energy has awarded Transamerica Delaval Inc. a contract to test the performance characteristics of coal-derived liquid in operating heavy-duty diesel engines.
Finnish innovation in ice-going tanker technology will have a major application in the country's own mercantile fleet, albeit with ship construction assigned to the Orient. The pair of 106,000-dwt crude oil carriers booked by Helsinki-based Fortum Shipping,
Seatrain Lines, Inc. has announced the sale of its 225,000-dwt supertanker Brooklyn to 'General Electric Credit Corporation. The first vessel 'built by the company's Seatrain Shipbuilding subsidiary at the former Brooklyn Navy Yard, and the largest