Tuesday, April 18 2000
elects Gerhard Kurz CEO
Gaffney described Kurz as "a logical and compelling choice to lead the company through its next phase."
Kurz, 60, is the recently retired president of Mobil Shipping and Transportation Company (MOSAT). He was appointed president of MOSAT in 1989.
Born in Stuttgart, Germany, Kurz joined Mobil Shipping Company Limited in London in 1964 as a chartering assistant following his graduation from the University of Wales with Honors in Economics. The next year he was transferred to Mobil's Marine Division in New York, during which time he also earned an MBA from New York University. After a series of promotions, he was appointed vice president of planning, Middle East and Marine Transportation, and then President of MOSAT.
Kurz is past Chairman of the MPA (Marine Preservation Association, 1995-99) and the OCIMF (Oil Companies International Marine Forum, 1991-99). He is currently a member of the ABS (American Bureau of Shipping) Board of Directors and Chairman of the ABS Finance and Nominating Committees. He also serves on the Boards of the Seamen's Church Institute, International Registries, Inc., the Coast Guard Foundation, and the Newport News Mariners' Museum. He is a founding member of the Massachusetts Maritime Academy's International Business Advisory Council.
Kurz is the recipient of numerous awards
and honors presented in recognition of his leadership role and
efforts on behalf of the maritime industry. Among these are the
Seamen's Church Institute Silver Bell Award, the International
Maritime Hall of Fame Award and the U.S. Coast Guard Award and
Medal for Meritorious Public Service. He holds an Honorary Doctorate
Degree from Massachusetts Maritime Academy.
The package approved by the administration includes sophisticated air-to-air and anti-ship missiles as well as a "Pave Paws" long-range radar system able to peer thousands of miles into mainland China. "But ," says the paper, "Congress is likely to focus on the deferral of the sale of four Aegis warships, which cost about $1.1 billion each and boast powerful radars able to track more than 100 incoming missiles and aircraft at a time."
One thing is certain. Four more Aegis destroyers
would fit very nicely into the production programs of Litton
Ingalls and Bath Iron Works. The FY 2001-2005 Navy shipbuilding
procurement program cuts DDG-51 Aegis destroyer procurement to
two ships a year in FY 2002 and 2003, but extends the program
by procuring two ships in FY 2004 and one in FY 2005. The first
DD-21 land attack destroyer is also set for FY 2005. Adding in
the Taiwanese ships (or extra U.S. Navy ships to defend Taiwan)
would bring procurement back up to three ships a year, which
is probably the minimum level needed to sustain efficient production
at two shipyards.
UDS and Ceres Hellenic in Suezmax deal
UDS earlier announced a seven-year agreement with Sonatrach, the Algerian national oil company, for an additional 35,000 barrels per day of light, low-sulfur crude oil for delivery to the company's Quebec refinery located northeast of Montreal on the Saint Lawrence River.
"This agreement is an important part of our strategy to grow earnings and return through integrated operations," said Jean Gaulin, UDS chairman and CEO. "Our agreement with Sonatrach secures an additional supply of quality crude oil and our agreement with Ceres secures the means of safely and efficiently transporting the additional volume to our facilities."
The $54 million, 160,000 metric-ton vessel will be built to 40-year trading standards. Special grade steel, capable of withstanding the very low temperatures of the North Atlantic, will be used in the construction of its ice-strengthened, double-walled hull. An increased beam and shallower draft will allow for maximum cargo intake and fully laden deliveries into the shallow marine terminals of the Saint Lawrence River. The vessel's lower draft will also provide UDS the flexibility of delivering cargoes to Corpus Christi, Texas, for refining in its Three Rivers facility.
The ship's segregated ballast capacity will be over 50% of t total deadweight.
Ultramar has focused almost exclusively
on very modern, ice-strengthened double-hulled tankers for its
crude oil program. The Cap Georges,Cap
UDS and Ceres have been strategic partners in time-charters and spot voyages to Quebec since the late 1980s.