Port Bureau Updates
Port of Galveston and Royal Caribbean Sign MOU for New Cruise Terminal
The Board of Trustees of the Galveston Wharves formally announced on December 5 that it has entered into a Memorandum of Understanding (MOU) with Royal Caribbean Cruises Ltd. setting out the general terms for a new long-term business agreement for the development and operation of a new cruise terminal. The long-term lease negotiations could lead to a 60-year transaction: a 20-year initial term and four 10-year options.
The new terminal will cover approximately 200,000 square feet on ten acres of land in the southeast section of the port known as Pier 10. Improvements to the pier bulkhead and apron will be made to safely accommodate the cruise line’s largest vessels. In addition, a staging and loading area, bus and taxi staging areas and substantial parking will be constructed. The new state-of-the-art facility is anticipated to open in fall 2021.
“This new cruise terminal to be built by Royal Caribbean allows the Port to continue investing in our infrastructure while growing our cruise business exponentially. This partnership will bring both larger class ships as well as more visitors to the City of Galveston and the region,” said port director/CEO Rodger Rees. “This long term lease agreement represents Royal Caribbean’s confidence in the Port of Galveston’s efficient cruise operations and the ability to attract passengers on its current and future sailings. Galveston is on course for being a global destination for cruising and we are thankful for partners like Royal Caribbean.”
“Over the last 15 years, Royal Caribbean has brought over 2.4 million guests to Galveston driving an economic impact of $65 million each year. The development of a new terminal is crucial to our continued growth and expansion of the brand in the region,” said Michael Bayley, president and CEO, Royal Caribbean International.
The Port expects the new cruise terminal to generate an additional 1.0 million passengers halfway through the term of the contract.
MOL Chemical Tankers Pte. Ltd. Acquires Nordic Tankers A/S from Triton
MOL Chemical Tankers Pte. Ltd. (“MOLCT”) and Nordic Tankers A/S (“NT”) have announced that Triton, the current sole shareholder of NT, has agreed to sell 100% of its NT shares to MOLCT. Closing date for the transaction is expected at the beginning of February 2019.
“We are really excited to acquire NT, which shall create a lot of synergies with MOLCT in the chemical tanker industry,” said Tsuneo Watanabe, CEO of MOLCT. “We are confident enough that the collaboration between MOLCT and NT should provide better and more efficient services to all existing customers of them. It should also create extra values to our customers, ship owners and any other stakeholders, as well as management and employees of both companies.”
NT will be renamed to “MOL Nordic Tankers A/S” (MOLNT). Nordic Tankers chief executive Per Sylvester Jensen, management, and employees of NT will remain in the company and maintain the current services without any disruptions by the change of the shareholder.
“At Nordic Tankers we are very pleased to get MOL Chemical Tankers as our new owners. MOL Chemical Tankers is a well-respected company with a successful history in the chemical tanker industry with strong customer focus that mirrors Nordic Tankers strategy,” said Nordic Tanker’s CEO Per Sylvester Jensen.
MOLCT currently operates 56 stainless-steel deep-sea chemical tankers while NT operates 19 deep-sea stainless-steel chemical tankers mainly in the Trans-Atlantic and Latin America trades.
The acquisition of NT by MOLCT is expected to create a stronger business platform as one of the major owners/operators of stainless-steel chemical tankers in the world, providing more competitive options for customers in the market of chemical tankers and continuing to grow in the future.
San Jacinto College Honors Dow Chemical for Quarter Million-Dollar Donation
Dow’s investment will ensure that training and education curriculum in the Center will align with the needs of petrochemical manufacturing employers. The Center will open in fall 2019 and will become the largest petrochemical training facility along the Texas Gulf Coast.
San Jacinto College is a primary source for new-hire operators at Dow’s Deer Park site. As an industry partner and member of the College’s Petrochemical Advisory Council, Dow Deer Park has hired 25 San Jacinto College graduates as operators within the last four years, a number that represents 23 percent of the site’s new-hire operators. Three years ago, Dow also established an apprenticeship program at San Jacinto College, which has resulted in the hiring of process operators and instrument technicians as they complete the program.
The 145,000-square-foot Center for Petrochemical, Energy, and Technology will be a facility for industry, by industry, and house programs and training labs in process technology, instrumentation and analyzer technology, electrical, nondestructive testing, and craft trades. The Center will feature an 8,000-square-foot exterior glycol process unit to develop troubleshooting skills for entry, advanced credit students, and incumbent workers. Additional features will include the newest software programming, equipment, and technology; and conference, training, and assembly spaces.
Dow will continue to serve in an advisory capacity to ensure San Jacinto College offers students and instructors the latest technologies as well as best-in-class safety and operating practices. Dow will also utilize the new facility for special occasions for the broader workforce as well.
Todd Calvin Named BGE Public Works Director
BGE, Inc. announced in December the promotion of Todd Calvin, PE, to Director of Houston Region Public Works.
A Houston native, Calvin brings more than 30 years of experience to the position, replacing interim director Gary Myers, PE, who will continue in a part-time role.
“Todd has an extensive background in municipal infrastructure planning and design. We’re excited his role is expanding at BGE and look forward to his leadership of our Houston Public Works Team,” said Rodney Heisch, PE, BGE Houston Region Operations Leader.
Calvin earned an MBA from the University of Houston and a bachelor’s degree in civil engineering (cum laude) from Texas A&M University. He serves on the Board of Directors for the Underground Construction Technology Association and is a member of the American Society of Civil Engineers, American Public Works Association, and American Water Works Association.
- Date January 29, 2019
- Tags 2019 Jan