Page 59: of Maritime Reporter Magazine (June 1998)

Profiles (f The Year's Tep Newsmakers ' • : : i;:| ift ;|§ . ft ... ii .. 1: • . i. ;lt ii§ •• I:: :i:||: A

Maritime Reporter's Newsmakers of the Year are dynamic leaders attempting to navigate their respective companies through a time a tremendous changes in the business world. This feature — which focuses on companies and their leaders — was prepared specially for the June yearbook edition, but is not meant to be inclusive. It is a profile of a few maritime industry executives who have helped generate a volume of headlines during the past 12 months. •••••••••••••••••••••••••••••••••••••••••••••••••••••••a

John Done III

Chairman, President and CEO

Halter Marine Group

John Dane III is the chairman, president and

CEO of Halter Marine

Group. The company, as most maritime industry executives know, has been quite busy for the past 12 months, primarily with a slew of acquisitions which has expanded its business both domestically and internationally. Halter

Marine Group is an acknowledged leader in the Gulf of Mexico maritime business, and has made great strides to ensure that its presence is felt worldwide. Recently, for example, Halter

Marine Inc. and Yantai Raffles Shipyard of

China formed a joint venture — Halter Yantai

Raffles International — to market and build vessels in China.

Mr. Dane was also recently selected as the

Propeller Club-Port of New Orleans "Maritime

Man of the Year" for 1998.

In August, 1987 Mr. Dane sold his Moss Point

Marine, Inc. to Trinity Industries, Inc. and became president of the newly formed Trinity

Marine Group. He was given executive author- ity over his former shipyard and the three oper- ating Trinity shipyards — Halter Marine, Inc., in Moss Point, Miss., Equitable Shipyards, Inc., in New Orleans, and Gretna Machine & Iron

Works, Inc., in Harvey, La. He also had custo- dial authority over two inactive shipyards,

Halter's facility in Lockport, La., and 84

Equitable's shipyard in Madisonville, La.

Despite the "oil bust" of the time, he quickly re-opened the two inactive shipyards and began a growth path that took the Trinity Marine

Group from those four original operating ship- yards to 21, and from approximately 850 employees to 3,200 and annual revenues of $40 million to $400 million in 1996.

In September 1996, under the name Halter

Marine Group, Inc., Mr. Dane began a spin off on the American Stock Exchange of the 10

Trinity shipyards that build and repair pow- ered vessel and double hull ocean-going barges.

On March 31, 1997 Trinity made a distribution to its shareholders of its remaining interest in

Halter. Halter Marine Group, Inc. was now a separate entity and Mr. Dane quickly initiated an aggressive acquisition plan that has taken

Halter Marine Group, Inc. from 10 shipyards in late 1996, to 21 in early 1998. Those shipyards in Texas, Louisiana, Mississippi and Florida now employ more than 6,000, while shipbuild- ing joint ventures in the Philippines and

Venezuela employ hundreds more. Under Mr.

Dane's dynamic leadership, Halter has become the nation's seventh largest shipbuilder, with revenues for fiscal year 1998 are expected to exceed $800 million.

Shipyards, however, are not the focus of all the company's recent acquisitions. As part of

Halter's stated goal of vertical integration,

Halter acquired three companies in

Minneapolis, Slidell, and Covington that design and build equipment used on vessels and drilling rigs. Known as the Halter Engineered

Products Group, these companies make Halter a single source, seamless provider of rigs and vessels for a wide variety of uses.

In November, Mr. Dane met another of his goals with the ground breaking for the con- struction of a training facility in Moss Point to train people in the shipbuilding crafts the skills to work in Halter's five Mississippi shipyards.

The training school is just one part of a massive "re-engineering" of the entire company initiat- ed by Mr. Dane to make Halter even more effi- cient while increasing shareholder value.

Mr. Dane has more than 25 years of experi- ence in marine industry management. He began his career with Halter Marine, Inc. in

New Orleans where he served as facilities man- ager in charge of designing and supervising construction of three shipyard expansion pro- jects. At the time of his resignation in 1980, he held the title of assistant to the vice president of production.

Mr. Dane is a graduate of Tulane University in New Orleans; receiving a B.S. degree in Civil

Engineering in 1972 and a Doctorate in Civil

Engineering from Tulane University in 1975.

Martin Saarikangas

President

Kvaerner Shipbuilding

Kvaerner ASA has become one of the world's largest engineering and construction groups, with few peers able to match its scope of products and services on the interna- tional level. A key plank in this emerging empire is Kvaerner Shipbuilding — which with 14 ship- yards around the world has forged itself quite a

Martin Saarikangas reputation by creating modern shipyards from moth-balled facilities and enjoying subsequent commercial success. The new president of

Kvaerner Shipbuilding, Martin Saarikangas, embodies the entrepreneurial and workman- like attitude of the entire Kvaerner

Shipbuilding structure, and has become one of the company's more recognizable characters.

Maritime Reporter/Engineering News

John Dan* III