Posts Categorized: Saltchuk
Saltchuk Announces Acquisition of Tropical Shipping
April 7, 2014
A subsidiary of Saltchuk Resources, one of the nation’s leading transportation and petroleum distribution companies, has entered into a binding purchase & sale agreement to acquire Tropical Shipping and its related companies.
The acquisition includes the premier shipping and logistics company for the Bahamas and Caribbean, Tropical Shipping and all of its related transportation, consolidation and cargo insurance companies. As an international foreign flagged shipping and logistics operation, Tropical and its related companies will become Saltchuk’s sixth line of business. Tropical will continue to operate as a standalone operation.
The addition of Tropical Shipping to the Saltchuk family of companies furthers the company’s commitment to the Caribbean market. For fifteen years Saltchuk has been serving the people of Puerto Rico through Sea Star Line, its U.S. flag operation. Tropical’s foreign flag fleet provides service to the balance of the region.
With the addition of Tropical, Saltchuk will employ 7,500 people nationwide. The company was recently named one of the 2014 World’s Most Ethical Companies by the Ethisphere Institute.
“Most importantly, Tropical shares our values. The Company has a strong safety culture, has the best on time service in its region, and is committed to giving back to the communities which it serves,” said Saltchuk Chairman Mark Tabbutt and President Tim Engle in an announcement to employees. “All of the traits that make our other companies so strong can be found also at Tropical.”
The sale is expected to close within the next 90 days.
Saltchuk Welcomes Daniel S. Fulton to Board of Directors
April 3, 2014
Saltchuk is pleased to welcome Daniel S. Fulton to the Saltchuk board of directors, effective April 1, 2014.
Dan served as CEO and director of Weyerhaeuser Company from 2008 through 2013, when he retired after nearly 38 years with the company. Prior to becoming Weyerhaeuser’s CEO, he served in a number of finance and real estate related positions, including president and CEO of Weyerhaeuser Real Estate Company, and president of Weyerhaeuser Realty Investors.
During his Weyerhaeuser career, Dan served on numerous boards related to the forest products and homebuilding industries. He is an executive fellow and past chair of the Policy Advisory Board of the Joint Center for Housing Studies at Harvard University, a member and past-chair of the Washington Roundtable, past-chair of the United Way of King County, and is a member of the Advisory Board for the Foster School of Business at the University of Washington.
Dan holds a BA in Economics from Miami University (Ohio), an MBA in finance from the University of Washington, and he completed the Stanford University Executive Program. From 1970 to 1974 he served on active duty as an officer in the U.S. Navy Supply Corps.
Dan fills the board position made available by John Rindlaub’s retirement in March. Other members of the Saltchuk board are Denise Tabbutt (Primary Shareholder), Eugene Voiland (Retired President & CEO of Aera Energy LLC), Fred Goldberg (Founding Saltchuk Shareholder), James Jiambalvo (Dean of the UW Foster School of Business), Mark Tabbutt (Chairman of Saltchuk), Robert Felton (Director Emeritus of McKinsey & Company), Stan Barer (Founding Saltchuk Shareholder), Stein Kruse (CEO of Holland America Line) and Tim Engle (President of Saltchuk).
Saltchuk Named a 2014 World’s Most Ethical Company
March 21, 2014
Ethisphere Institute honors Saltchuk companies and the culture of ethics that unites them.
SEATTLE – Saltchuk, one of the nation’s leading freight transportation and distribution companies, announced today that it has been recognized by the Ethisphere Institute, an independent center of research promoting best practices in corporate ethics and governance, as a 2014 World’s Most Ethical Company®.
Representatives from Saltchuk and TOTE attended the WME event in New York City to accept the award, From left to right: Michael Holt, Chris Coakley, John Hoerster, Mark Tabbutt, Anthony Chiarello, RADM Phil Greene, Jr., Tim Erblich (Ethisphere), Evie Wentink and Alex Brigham (Ethisphere).
This is the first time that Saltchuk has been considered for this award, which recognizes organizations that continue to raise the bar on ethical leadership and corporate behavior. Saltchuk is one of only three companies in the transportation & logistics industry honored this year.
“The more than 6,500 employees of Saltchuk companies deserve the real honors,” says Saltchuk President, Tim Engle. “They live our values each day and take to heart that that the communities and customers we serve rely on us. A culture of ethics requires each employee make a personal commitment to live up to our organizational standards.”
“The entire community of World’s Most Ethical Companies believe that customers, employees, investors and regulators place a high premium on trust and that ethics and good governance are key in earning it,” said Ethisphere’s Chief Executive Officer, Timothy Erblich. “Saltchuk joins an exclusive community committed to driving performance through leading business practices. We congratulate everyone at Saltchuk for this extraordinary achievement.”
The World’s Most Ethical Company assessment is based upon the Ethisphere Institute’s Ethics Quotient™ framework. The Ethics Quotient framework has been developed over years of effort to provide a means to assess an organization’s performance in an objective, consistent and standardized way. The information collected provides a comprehensive sampling of definitive criteria of core competencies, rather than all aspects of corporate governance, risk, sustainability, compliance and ethics. The Ethics Quotient framework and methodology was determined, vetted and refined by the expert advice and insights gleaned from Ethisphere’s network of thought leaders and from the World’s Most Ethical Company Methodology Advisory Panel.
Scores are generated in five key categories: ethics and compliance program (25%), reputation, leadership and innovation (20%), governance (10%), corporate citizenship and responsibility (25%) and culture of ethics (20%).
The full list of the 2014 World’s Most Ethical Companies can be found at http://ethisphere.com/worlds-most-ethical/wme-honorees/.
About the Ethisphere Institute
The Ethisphere® Institute is an independent center of research, best practices and thought leadership that promotes best practices in corporate ethics and governance and enables organizations to improve compliance, mitigate risk, and enhance relationships with employees, business partners, investors and the broad regulatory community. Ethisphere evaluates and benchmarks compliance and governance programs, honors superior achievement through its World’s Most Ethical Companies® recognition program and publishes Ethisphere Magazine. Ethisphere is also the leading provider of independent verification of corporate ethics and compliance programs that include: Ethics Inside® Certification, Compliance Leader Verification™ and Anti-Corruption Program Verification™. More information about Ethisphere can be found at: www.ethisphere.com.
Carlile Transportation Systems, Inc., has named Todd Alllen Vice President of Human Resources
March 19, 2014
ANCHORAGE, AK – Carlile Transportation Systems, Inc., has named Todd Allen as their new Vice President of Human Resources. Todd will provide leadership over the Human Resources Department for Carlile.
Todd is a seasoned professional with more than 15 years of leadership experience providing human resource solutions and expertise to organizations in diverse industries. He has been involved with strategic restructuring, HR process transformation and re-engineering of organizations in Alaska, the L-48 as well as internationally. Todd has extensive experience in the design and implementation of HR processes and programs and is a recognized expert in compensation and benefit administration.
Todd has an undergraduate degree in Employee and Labor Relations from Southern Illinois University-Edwardsville. He holds a lifetime Senior Professional in Human Resources (SPHR) certification with the Society for Human Resource Management (SHRM) and is a certified compensation professional (CCP) with WorldatWork. He has taught a number of WorldatWork certification classes, and currently provides editorial reviews for WorldatWork articles prior to publication.
In support of local and state-wide SHRM chapters and the development of human resource professionals, Todd also provides instruction on the compensation and benefits sections of the PHR/SPHR certification study program as well as being an invited speaker at various human resource seminars.
Todd is actively involved with many community service and non-profit organizations and recently completed an eight-year term on the board of directors for the Alaska SeaLife Center, in Seward, AK.
About Carlile Transportation Systems- One of Alaska’s largest trucking companies, with over 350 tractors, Carlile offers a full range of transportation and logistics services including project logistics and supply chain management, freight consolidation and multi-modal transportation. Carlile owns and operates terminals that serve Alaska from Anchorage, Fairbanks, Kenai, Kodiak, Prudhoe Bay and Seward, as well as Seattle, WA, Houston, TX, Blaine, MN, and Edmonton, AB. www.carlile.biz
TOTE, General Dynamics NASSCO mark the start of construction for the first LNG-powered containership in the world
February 25, 2014
February 25, 2014 – San Diego, California, U.S.A. – Fireworks marked the first cut of steel in a ceremony last night as construction of TOTE, Inc.’s new Marlin Class, the first liquefied natural gas (LNG)-powered containership in the world, began at the General Dynamics NASSCO shipyard in San Diego, Calif.
“These ships, will be the most advanced, environmentally progressive vessels of their kind,” state Representative Duncan Hunter (R-CA), Chairman of the House Subcommittee on Coast Guard and Maritime Transportation said, “but they also represent $350 million in U.S. investment, 600 American shipyard jobs, and the bright future of the indispensable domestic maritime industry.”
The Marlin class vessels mark a new age in American shipbuilding. TOTE’s back to back announcements in 2012 – converting its existing RO/RO fleet in Alaska and investing in new containerships for the Puerto Rico trade, began what can only be described as a change of tide in the U.S. maritime industry toward LNG as the new maritime fuel.
Clean burning, LNG offers unmatched environmental benefits, reducing emissions below even the world’s most stringent standards. The new Marlin class will create a reduction of sulfur dioxide (SOx) emissions by 98 percent, particulate matter (PM) by 99 percent, nitrous oxide (NOx) and carbon dioxide (CO2) by 71 percent over TOTE’s ships currently operating in Puerto Rico.
“The move to LNG fuel is no less significant than the evolution from sail to steam,” said Mark Tabbutt, Chairman of Saltchuk, TOTE’s parent company, “the Marlins represent the start of a new age in American maritime.”
Speakers at last night’s event included Representative Duncan Hunter; Acting Maritime Administrator, Chip Jaenichen; Chairman of Saltchuk, TOTE’s parent company, Mark Tabbutt, and Kevin Graney, General Manager of the NASSCO shipyard.
“We are excited to begin construction of the lead ship on this historic project,” said Fred Harris, president of General Dynamics NASSCO. “All of the stakeholders on this first-of-a-kind program, including NASSCO, our Korean partners DSEC, TOTE, ABS, and the USCG, are completely focused on its success. We are beginning construction at a level of design, planning and material readiness that is unsurpassed.”
The Marlins, which will home port in Jacksonville, Florida, will enter service in late 2015 and early 2016. TOTE recently announced it entered into an agreement with Pivotal LNG and WesPac Midstream to provide LNG to the ships.
More information on TOTE’s LNG project
Click here for video highlights of the steelcutting ceremony
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