55104 Newfoundland and Labrador Inc.

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NEWFOUNDLAND LYNX

Stern Trawler | Flag: Canada | Port: ST. JOHN'S, NL

Maritime News

Five Requirements for Safe Ops

Five Requirements for Safe Ops

4 hours ago
A safety culture starts with the CEO As I write this article I am flying back to my home base in Canada from the 42nd annual Interferry conference in Split, Croatia. Interferry is an outstanding conference full of dedicated and passionate ferry operators and those who serve the industry. One presentation was delivered by Captain John Wright, a Master Mariner who has spent his career in the maritime industry in a variety of roles including vessel master, marine superintendent, chief executive and general manager. All of his roles have had a focus on safety and cultural change.
The Challenge of Marine Asset Appraisal

The Challenge of Marine Asset Appraisal

4 hours ago
While large shipping asset deals are often financed through the major capital markets, loans for most oilfield service marine equipment are funded with asset based lending. For such asset based lending, a domestic U.S. bank, with some exceptions, will be asking for an appraisal that is compliant with the Uniform Standards of Professional Appraisal Practice (USPAP).   Due to blatantly false appraisals that caused the collapse of the savings and loan industry in 1988, it became mandatory for real estate appraisers to provide transparent, verifiable and unbiased appraisals of real estate. All major banks now request USPAP complaint appraisals for all assets, including marine equipment.
Bouchard Set to Celebrate a Century

Bouchard Set to Celebrate a Century

18 hours ago
In 2018 one of the U.S. premier vessel owners – Bouchard Transportation Co., Inc. (BTC) – celebrates its 100th year in business. Maritime Reporter looks at BTC’s evolution through the years.   The year 2018 is a celebration year for the Bouchard Transportation Co., Inc., which was founded in 1918 in New York Harbor by Capt. Frederick Bouchard, and will next year celebrate a century in business. The company’s first cargo was a shipment of coal, and its first oil barge was acquired in 1931.    In 1955, the third generation of the Bouchard family joined the company, and in 1992 the fourth generation– Morton S. Bouchard, III – took the helm, and leads the company still today.
A Sea Change for Shipbuilding

A Sea Change for Shipbuilding

18 hours ago
Digital integration and automation are critical to meeting rising demand   When it comes to shipbuilding, the numbers are staggering: hundreds of millions of parts in one aircraft carrier. Billions of dollars proposed for Naval fleet development in the latest NDAA. Hundreds of thousands of private sector jobs in the U.S. alone. A 2015 MARAD report, for example, pegged the total economic impact associate with the industry at 400,000 jobs, $25 billion in labor income, and 37 billion in GDP (based on data from 2013).   When the financing, jobs, technological developments and supply chain trade dedicated to shipbuilding around the world are added in, the global economic impact is astonishing.
Crowley in Command

Crowley in Command

yesterday
Tom Crowley has become the face of the U.S. maritime industry, steadily building his transport and logistics company into a formidable goliath. From Jones Act waivers to emerging emissions technology to the devastation of Hurricane Maria on Puerto Rico, Crowley weighs in on the pressing matters of maritime with refreshing candor.   The last time we caught up with Tom Crowley two years ago at this headquarters in Jacksonville, Fla., we were handed a safety bulletin and Tom Crowley himself came down to the lobby to greet us.