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Norway Awards Equinor License to Build CO2 Storage Under North Sea
by Reuters
Friday, January 11, 2019
OSLO, Jan 11 (Reuters) – Equinor has won a license to develop carbon dioxide (CO2) storage under the North Sea, Norway’s oil ministry said on Friday, part of a push to combat climate change. Equinor is expected to submit a development plan this year, with parliament making a final decision in 2020 or 2021. Proponents […]




Leisure Craft Supplier Fined Over Short Deliveries
by Ship Bunker
Friday, January 11, 2019

For failing to comply with the Weights and Measures Act.




Singapore Leisure Craft Supplier Fined Over Short Deliveries
by Ship Bunker
Friday, January 11, 2019

For failing to comply with the Weights and Measures Act.




U.S. Coast Guard Academy Appoints New Superintendent
by The Maritime Executive
Friday, January 11, 2019

 The Coast Guard Academy has announced that Rear Adm. William G. Kelly will become its 42nd superintendent. Kelly will relieve current Superintendent Rear Adm. James E. Rendon this summer.

The U.S. Coast Guard Academy in New London, Connecticut is one of the five federal service academies. Each year, about 200 graduates are commissioned as Coast Guard officers.

elly has served as the assistant commandant for Human Resources since April 2016. He oversees the Coast Guard’s human resources field activities, from accession of new military personnel to retirees’ pay and benefits. His previous flag assignment was as the commander of the Personnel Service Center.

Kelly is a 1987 graduate of the Coast Guard Academy, and he earned his Master’s Degree in Instructional Systems Design from Florida State University and a Certificate in Human Resource Management. He has experience in personnel development as the director of the Coast Guard’s Leadership Development Center in New London and also served as the school chief for the Officer Candidate School.

News of Rear Adm. Kelly's appointment comes as the Coast Guard Academy is working through the challenges posed by the ongoing federal government shutdown, which is now entering its 21st day. About 160 out of the academy's 260 staff have been furloughed due to the shutdown, and those who remain on duty - primarily faculty members - are working without pay. 

Rear Adm. Kelly will also takes up his post as Congress considers an investigation into allegations of racial discrimination and whistleblower retaliation at the USCGA. In the last congressional session, Rep. Bennie Thompson (D-Miss.) introduced a bill to establish a commission to address alleged disparities at the academy and to improve the USCGA's recruitment and outreach efforts. The legislation would also require congressional nominations for half of each incoming class. 




New Cat® C13B engine delivers more power in a compact, lightweight design that allows OEMs to downsize engine platforms
by gCaptain
Friday, January 11, 2019
Press Release – Cat® – The new Cat® C13B leverages a proven, reliable core engine with over 109 million off-highway field hours combined with design improvements to create customer value, allowing OEMs to downsize their engine platforms, lower installation costs and maximize uptime. The 12.5-liter engine features a patented non-EGR aftertreatment system to meet EU Stage V and […]




Winners and Losers in Big Oil’s Offshore Spending Revival
by Bloomberg
Friday, January 11, 2019
By Francois de Beaupuy (Bloomberg) — After four years of cutbacks, oil companies are poised to open their purses again and develop new offshore fields, although the benefits won’t be spread equally across the companies who provide them everything from seismic surveys to pumps and turbines. The long-awaited spending rebound will re-energize oil-services providers that have survived […]




Harley Franco Forced Out at Harley Marine
by The Maritime Executive
Friday, January 11, 2019

Investment bank Macquarie has won a long battle for control over Harley Marine, the Seattle-based marine towing conglomerate founded by Harley Franco.

Effective today, Harley Marine board member and COO Matthew Godden has been appointed interim president, with authority over all personnel, financial transactions and operations, according to an internal memo to employees. Franco, who is still the company's CEO, will no longer be involved in day-to-day operations.

Godden was one of two company directors who voted to oust Franco in July 2018 over allegations of financial misconduct. The attempted removal was not successful, and Franco was quickly reinstated after appealing to a court in Seattle for an injunction. 

At about the same time as the board vote, Macquarie Group - Harley Marine's minority shareholder - sued Franco over an alleged "lengthy and wide-ranging course of misconduct" intended to divert company resources for his personal use. The suit sought to remove Franco from his positions at the firm and to obtain compensatory damages. 

The civil claim alleged that Franco embezzled more than $450,000 using company credit cards; received unauthorized salary payments of more than $550,000; had his firm purchase a $100,000 Cadillac Escalade for his vacation home; directed the use of company funds for $230,000 of unauthorized vendor payments, including $75,000 to a country club and $27,000 to a wine merchant; and sold two towing winches worth $1.2 million as though they were his own, receiving the funds from the sale via personally-controlled entities. 

Franco denied these charges, and he accused Macquarie of attempting to damage his reputation in order to force him out and sell his company. “While I was interested in building a hundred-year company, they were only interested in making a fast buck,” Franco said at the time. “They gave me an ultimatum – agree to a sale or face the consequences. I told them, again, I would not sell HMS.” The misconduct suit was ultimately dropped, though a separate case over the legitimacy of the board's vote to remove Franco continued in Delaware and Seattle courts. 

Harley Franco founded Harley Marine in 1987, and he grew the firm from a regional towage provider into a nationwide operator with divisions on every coast. The company is primarily focused on tug-and-barge petroleum transportation and bunkering, though it also has ship-assist and general marine towing operations. Franco is its majority shareholder, with a 53 percent stake, and he controls two of four board seats. Macquarie and its affiliates hold the remaining 47 percent stake. 

Beyond Harley Marine, Franco is well known for his involvement in fund-raising for charities, and he sits on the board of the UK P&I Club.

In May 2018, just before Macquarie began an investigation into allegations of misconduct, Harley Marine completed its largest ever fundraising round. This $455 million bond issuance was backed by Harley's full fleet of tugs and barges, according to transaction adviser Orrick.




Harley Franco Cedes Control at Harley Marine
by The Maritime Executive
Friday, January 11, 2019

Harley Franco has ceded operational control at Harley Marine, the Seattle-based marine towing conglomerate he founded, to the company's second-in-command. 

Effective today, Harley Marine board member and COO Matthew Godden has been appointed interim president, with authority over all personnel, financial transactions and operations, according to an internal memo to employees. Franco, who is still the company's CEO, will no longer be involved in day-to-day operations.

Godden was one of two company directors who voted to oust Franco in July 2018 over allegations of financial misconduct. This attempted removal was not successful, and Franco was quickly reinstated after appealing to a court in Seattle for an injunction. 

In a statement Thursday, Franco said that his departure from the company was voluntary. “Earlier this week, given the damage caused by [Macquarie's] false allegations, I voluntarily agreed to step aside to allow a search for a new CEO to help guide the company into the future and protect the jobs of our employees about whom I care so deeply," he said. 

Protracted dispute

At about the same time as the board vote last July, Macquarie Group - Harley Marine's minority shareholder - sued Franco over an alleged "lengthy and wide-ranging course of misconduct" intended to divert company resources for his personal use. The suit sought to remove Franco from his positions at the firm and to obtain compensatory damages. 

The civil claim alleged that Franco embezzled more than $450,000 using company credit cards; received unauthorized salary payments of more than $550,000; had his firm purchase a $100,000 Cadillac Escalade for his vacation home; directed the use of company funds for $230,000 of unauthorized vendor payments, including $75,000 to a country club and $27,000 to a wine merchant; and sold two towing winches worth $1.2 million as though they were his own, receiving the funds from the sale via personally-controlled entities. 

Franco denied these charges, and he accused Macquarie of attempting to damage his reputation in order to force him out and sell his company. “While I was interested in building a hundred-year company, they were only interested in making a fast buck,” Franco said at the time. “They gave me an ultimatum – agree to a sale or face the consequences. I told them, again, I would not sell HMS.” The misconduct suit was ultimately dropped, though a separate case over the legitimacy of the board's vote to remove Franco continued in Delaware and Seattle courts. 

Harley Franco founded Harley Marine in 1987, and he grew the firm from a regional towage provider into a nationwide operator with divisions on every coast. The company is primarily focused on tug-and-barge petroleum transportation and bunkering, though it also has ship-assist and general marine towing operations. Franco is its majority shareholder, with a 53 percent stake, and he controls two of four board seats. Macquarie and its affiliates hold the remaining 47 percent stake. 

Beyond Harley Marine, Franco is well known for his involvement in fund-raising for charities, and he sits on the board of the UK P&I Club.

In May 2018, just before Macquarie began an investigation into allegations of misconduct, Harley Marine completed its largest ever fundraising round. This $455 million bond issuance was backed by Harley's full fleet of tugs and barges, according to transaction adviser Orrick.




Three Fishermen Killed Crossing Yaquina Bay Bar in Oregon
by Mike Schuler
Friday, January 11, 2019
The commercial fishing vessel Mary B II capsized while crossing the bar at the entrance of Yaquina Bay in Newport, Oregon on Tuesday night, killing three fishermen on board. According to the U.S. Coast Guard, the three fishermen were inbound crossing the Yaquina Bay Bar aboard the 42-foot Mary B II when the vessel capsized […]




New Hong Kong Seaport Alliance Under Scrutiny
by The Maritime Executive
Friday, January 11, 2019

Hongkong International Terminals, Modern Terminals, COSCO-HIT Terminals (Hong Kong) and Asia Container Terminals formed the Hong Kong Seaport Alliance on January 8 - a move already under investigation by local authorities.

The Alliance is a joint operating agreement designed to deliver more efficient service offerings to carriers that call Hong Kong and to therefore enhance the competitiveness of the Port of Hong Kong. The Seaport Alliance will offer 23 berths using a common terminal operating system across Terminals 1, 2, 4, 5, 6, 7, 8 and 9 of Kwai Tsing, New Territories, Hong Kong.

The collaboration is in direct response to a rapidly changing business environment, say the Alliance members, including the formation of new carrier alliances and the dramatic increase in vessel size over the last few years.

However, Hong Kong’s Competition Commission is investigating the move which involves four of the five operators at what is one of the world’s busiest container ports. The Hong Kong Seaport Alliance would hold a 95 percent market share at the port; Dubai Ports International, which operates one berth, is not participating in the Alliance.

The South China Morning Post reports Stanley Chiang Chi-wai, chairman of the Lok Ma Chau-Hong Kong Freight Association, saying the Alliance was a step backwards. He warns that the Alliance could squeeze Dubai Ports out and that business might be diverted to mainland ports if shipping companies found Hong Kong too expensive because of cartel-like behavior.

Hong Kong's port and logistics sector currentlyl accounts for 3.2 percent of the GDP of Hong Kong and provides more than 174,000 industry related jobs. However, Kwai Tsing’s throughput shrank 4.9 percent in the first 11 months of 2018, possibly as a result of the trade war with the U.S.

“The Seaport Alliance will improve the value proposition of Hong Kong to customers, while reducing emissions and enabling Hong Kong to more effectively compete within the region,” said Peter Levesque, Group Managing Director of Modern Terminals. “For almost two centuries Hong Kong has played a vital role in the facilitation of global trade. The Seaport Alliance, and the application of new technologies, will enable Hong Kong to thrive as an international shipping hub for decades to come.”

The four companies plan to commence the joint operations of the Seaport Alliance progressively within 2019.
 




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WP_Post Object ( [ID] => 2829 [post_author] => 1 [post_date] => 2013-03-14 04:31:37 [post_date_gmt] => 2013-03-14 04:31:37 [post_content] =>

Clipper Oil is a worldwide wholesaler of marine fuels and lubricant oils specializing in supplying vessels throughout the Pacific Ocean. Operating internationally from our headquarters in San Diego, California, USA, we serve the bunkering needs of all sectors of the marine market. This includes fishing fleets, ocean-going yachts, cruise ships, cargo ships, military/government/research vessels, and power plants.

Clipper Oil’s predecessor, Tuna Clipper Marine, was founded in 1956 by George Alameda and Lou Brito, two pioneers in the tuna fishing industry. Tuna Clipper Marine’s first supply location was in San Diego, California, USA where they serviced the local fishing fleet.

Established in 1985, Clipper Oil was formed to serve the needs of marine customers in the Western Pacific as vessels shifted their operations from San Diego. Clipper Oil has been a proven supplier of quality marine fuels, lubricants, and services to the maritime community for over 25 years, serving many ports throughout the Pacific Ocean. We maintain warehouses in Pago Pago, American Samoa; Majuro, Marshall Islands; and Pohnpei, Federated States of Micronesia. We also have operations in the Eastern Pacific in Balboa/Rodman, Panama and Manta, Ecuador. We supply marine vessels and service stations with fuel, lubricant oil, salt, and ammonia. We also supply our customer’s vessels with bunkers at high-seas through various high-seas fuel tankers in all areas of the Pacific Ocean.

Clipper-Shipyard-Supply

then
Then
The Tuna Clipper Marine Pier in San Diego Bay (1980).

now
Now
Clipper Oil supplying the USCGC Kimball ex. pipeline at the fuel dock in Pago Pago, American Samoa (2020).

Throughout the years, Clipper Oil has grown from a small marine distributor in San Diego to a worldwide supplier of marine fuels and lubricants. Clipper Oil offers a broad diversity of products and services and are active buyers and suppliers of petroleum products. It is this combination that gives us the edge in market intelligence needed to develop the best possible pricing for our clients.

Our daily monitoring of both the current and future oil market enables our customers to take advantage of market pricing on an immediate basis. This enables Clipper Oil to provide the best current and long term pricing for our customers.

Clipper Oil offers the following to our customers:

  • Extensive network of refueling locations throughout the Pacific Ocean
  • Full range of marine fuels, lubricants, and associated products
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All of the products we supply meet international specifications and conform to all local regulations.

With our many years of experience in the marine sector, Clipper Oil understands the attention to detail and operational performance vessels require during each port of call.

As a proven reliable and reputable supplier of marine fuel and lubricants, we welcome the opportunity to meet your vessel's needs. Please contact us for all of your marine energy and petroleum needs.

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