Real Estate
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- $4.5-Million Loan For Northern Metals Marine Terminal Maritime Reporter, Sep 1978 #46
General Electric Credit Corporation has closed a $4.5-million interim first mortgage loan on the Northern Metals Marine Terminal, a 40-acre port facility on the Delaware River in Philadelphia, Pa.
The 10-year loan is secured by a 184,000-square-foot d o c k s i d e t e r m i n a l , a 24,000-square-foot o f f i c e b u i l d i n g , and the railimproved real estate.
The borrower is Northern Associates, a Pennsylvania partnership, which owns and operates the bulk cargo storage facility.
The mortgage was arranged by GECC loan representative Ron Macklin of the Bethesda, Md., Eastern States Real Estate Financing Office, through broker Kevin Coady of J.R. Daly & Son, Inc., New York, N.Y.
A c c o r d i n g to Mr. Macklin, GECC's loan is based on the value of the complex as a generalpurpose dockside warehouse facility.
"The continued growth of the Port of Philadelphia, the market requirement for bulk cargo facilities, and the knockdown value of the complex all were taken into account in evaluating the loan," Mr. Macklin noted. "This philosophy, to appreciate the inherent real estate value in a specialpurpose property, is part of GECC's creative approach to financing." The General Electric Company subsidiary has been active in real estate financing since 1969. It specializes in interim term first mortgages, second mortgages and wrap-around mortgages on a variety of income-producing property.
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- The Challenge of Marine Asset Appraisal Maritime Reporter, Nov 2017 #12
Practice (USPAP). Due to blatantly false appraisals that caused the collapse of the savings and loan industry in 1988, it became mandatory for real estate appraisers to provide transparent, verifiable and unbiased appraisals of real estate. All major banks now request USPAP complaint appraisals for
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- Signet Awards Wartsila Design Contract For Two Cruise Vessels Maritime Reporter, Apr 1985 #5
liners will service ports in the U.S., Caribbean, and Mexico. Houston-based Signet Corporation is a privately held group of shipping, travel, and real estate development companies engaged in bulk and energy distribution, towing, ship management, air and sea travel services, and real estate management
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- Genstar Appoints West Executive Vice President Maritime Reporter, Aug 1983 #15
San Francisco. With annual sales in excess of $1.5 billion, Genstar—a leading supplier of building materials and services—is active in land and real estate development and is engaged in a variety of financial and marine services
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- Boston Fuel Acquire Assets Of Boston Towboat Co. Maritime Reporter, Feb 1986 #7
, Inc. and Midland Enterprises, Inc. announced recently that Boston Fuel Transportation has entered into a contract to acquire the vessels, real estate, and other assets of Boston Towboat Company, a Midland subsidiary, for an undisclosed amount of cash. The agreement was reached after months
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- Largest Containership To Be Built In U.S. Is Named President Lincoln Maritime Reporter, Nov 1981 #98
by Allis- Chalmers Corp., Milwaukee, Wis. APL is a wholly owned subsidiary of San Francisco-based Natomas Company, the energy, transportation, and real estate concern
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- Richard Palk Elected President Of American Trading Transportation Maritime Reporter, Aug 1981 #22
subsidiary of American Trading and Production Corporation, a diversified Baltimore-based concern with interests in transportation, oil and gas, real estate, and manufacturing operations
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- Manitowoc = 100 Years of Distinction Maritime Reporter, Nov 2002 #86
to seek a new location that would enable it to maintain its role as a premier Great Lakes shipbuilder. Therefore from 1968-1970, the company purchased real estate and fixed assets of Sturgeon Bay Shipbuilding and Dry Dock, as well as the real estate of Christy Corp., thus forming Bay Shipbuilding Corp.
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- Loan Options for the Marine Industry Marine News, Jan 2014 #20
a tangible net worth of less than $15MM with an average net income of <$5MM after taxes for the last two years; be non-speculative or invest in rental real estate; be an “eligible” business using the proceeds for an “approved” purpose; not have funds available from other sources; be able to cash flow the debt
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- Sequestration? What Sequestration? Marine News, Sep 2013 #60
to Coast Located on the U.S. West and Gulf Coasts respectively, Kvichak Marine Industries and United States Marine, Inc. are separated by about as much real estate as is possible here in the continental United States. Beyond this physical distance, their individual business plans are probably about as different
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- GATX Subsidiary Orders Second Coal Carrier From Bay Shipbuilding Maritime Reporter, Jan 15, 1974 #26
provides major financial services worldwide, including the leasing of aircraft, railcars, barges and other capital equipment; construction and real estate financing; insurance and banking; owns and operates fleets of oceangoing and Great Lakes vessels, as well as onshore terminal facilities, and
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- Castle & Cooke, Inc. Plans Purchase Of Seven Ships Maritime Reporter, Sep 15, 1978 #29
Cooke produces and markets Dole bananas, pineapples and mushrooms, brand-name seafoods and California group vegetables. The company also engages in real estate and manufacturing
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March 2024 - Marine Technology Reporter page: 47PRODUCT, PROFESSIONAL, VESSELS, MTR BARGES & REAL ESTATE FOR SALE Marketplace INNOVATIVE. UNIQUE. PROVEN. ALLAMERICANMARINE.com ???????????????????????????????????????? 9??????????SiC A????????ArC????????????????S???????C?????????9???Ç????????? ????????????????Ý???????S???y???????????????????K???:???? MAR
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March 2024 - Marine Technology Reporter page: 45Autonomy portfolio will be integrated into Cellula’s Solus and Imotus families of vehicles to deliver AI-enabled situ- ational awareness and execute real-time onboard mission adaption, rerouting and replanning, all with a multi-payload management system and the ? exibility for ship or port-to- port
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March 2024 - Marine Technology Reporter page: 30collector operations. tiple sensors and assets to enable 3D visualization of op- The collector’s front-mounted Coandã-effect nozzles guide erations in real time. AI modelling can then determine the water over the seabed, creating negative pressure and a suc- environmental impacts of the operation and test
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March 2024 - Marine Technology Reporter page: 1Photo: Georgina Kelly BIG BUOY ® RUBHY REAL TIME UNDERWATER NOISE MONITORING > Offshore wind farms monitoring > Mammals detection by A.I. > Up to 4 wideband hydrophones > Bandwidth from 3 Hz to 625 kHz > (EXEXVERWQMWWMSR+;M?9,*-VVMHMYQ rtsys.eu Preserve oceans MTR #3 (1-17).indd 1 4/4/2024 8:47:57
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April 2024 - Maritime Reporter and Engineering News page: 48. . . . . . . . . . . . . . . . . . . .www.lubmarine.totalenergies.com . . . . . . . . . . . . . . . . . . . . . .Please visit us online 13 . . . . .U.S. GSA Real Property Disposition ( 1PZ ) . . . . . . . . . . . . . . . .www.realestatesales.gov . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .(617)
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April 2024 - Maritime Reporter and Engineering News page: 41inside the bridge. system so that shoreside managers can Asahi Tanker; and, most recently, tugboat We have more installations contracted gain a real-time view of the challenges operator Tokyo Kisen. Oldendorff Carri- for 2024, including return customers faced by their watchkeepers at sea. In the
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April 2024 - Maritime Reporter and Engineering News page: 40the things display allows watchkeepers to detect any navigational haz- they are physically seeing with the instruments providing data ards and objects in real time. on the bridge. They need to be constantly crosschecking data A unique blending function combines images from day and from different systems
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April 2024 - Maritime Reporter and Engineering News page: 37crews will bene? t from the best both vessel models and their behavior in center in Singapore. “When we think of possible situational awareness of the real various scenarios generated and tested in the new skills and competencies required ship operating environment. Equally, it simulators. “This is
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April 2024 - Maritime Reporter and Engineering News page: 222024, the industry hit signi? cant regulatory roadblocks the industry. RWE and OceanWinds are also eager to push – driven by environmental concerns, both real and manufac- forward with their developments.” tured – coupled with a rapidly changing economic situation Another good news story that could and should
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April 2024 - Maritime Reporter and Engineering News page: 14EU. In the past, only quieting tion methods, and 7) deliverables. Q approaches have been promulgated. As outlined The design process involves associating realistic noise and below, this would bring a whole new design/built process to vibration source levels for all the salient machinery, equip- the marine
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April 2024 - Maritime Reporter and Engineering News page: 10digital technologies with es- inspection framework. tablished inspection practices to elevate maritime safety and SIRE 2.0 brings digital reporting and real-time analytics, to environmental responsibility to unprecedented levels. the fore, marking a signi? cant technological stride. These in- SIRE 2
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April 2024 - Maritime Reporter and Engineering News page: 5, Starlink, 5G and more ™ CommBox Edge from KVH delivers: Prioritization | Channel Balancing | Advance Bonding Usage Rules | Remote Access | Real time Reporting and more Simplify Increase Expand Control your connections | your speed | your options | your communications Visit www
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April 2024 - Marine News page: 39. Optimizing the planning, as well as adoption of new 1. Raw material entry: The foundation painting of these parts – through technologies and real-time monitor- The initial stage of raw material en- dedicated paint booths – can lead to ing processes that adapt to the unique try sets the tone
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April 2024 - Marine News page: 33are very similar to those of some other tugs we’ve built and we’ll continue to build. But once we got into the out? tting stage, everything changed real quick.” The vessel is equipped with an integrated electrical pro- pulsion package provided by ABB, a 6.2 MWh Orca battery energy storage system from
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April 2024 - Marine News page: 19cyber implementing rigorous cybersecurity plans. threats. Overcoming the hurdles of regulatory clarity, bridg- Despite these directives, there are very real challenges ing the gap between IT and OT security needs and bolster- that persist. Most notably is the current ambiguity sur- ing the workforce with
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February 2024 - Maritime Reporter and Engineering News page: 44emissions such as CO2, NOX, SOX, Technological Institute have developed Cold straightening is carried out using PM, and others. The design emphasizes a real-time ? ue gas sensor technol- the company's purpose-built hydraulic ease of installation, with a con? guration ogy – The Extinction-Minus-Scattering
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February 2024 - Maritime Reporter and Engineering News page: 39tank volumes. It’s about segrega- X type] on ammonia at its Research Center Copenhagen (RCC). tion because of the toxicity.” While the accomplishment is real, challenges remain, as Safety concerns extend to the bunkering operations. While summarized last year by Brian Østergaard Sørensen, Vice ammonia
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February 2024 - Marine News page: 37Courses have the choice of training schools have a choice of either using using approved simulators to replace elements of lifeboat and FRB training real-life boats and rescue boats or using simu- that had previously speci? ed the use of real boats. • Elements of the practical drills and exercises related
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February 2024 - Marine News page: 11Insights All images: MITAGS she explained. “We can have over 150 years of sea service sitting at the lunch table at any point in time, and it really creates an interesting and dynamic environment,” Gianel- loni said, referring to the instructional staff. “We are not in any way a certi? cate farm. The
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February 2024 - Marine News page: 2.S. offshore wind 28 industry, but there’s still reason to believe the future will be bright. By Eric Haun 34 Virtual Marine: Simulator Training is the Real Deal Marine simulators are extremely valuable for training modern mariners, and they’re only getting better as the technology evolves. Virtual Marine
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January 2024 - Marine Technology Reporter page: 63PRODUCT, PROFESSIONAL, VESSELS, MTR BARGES & REAL ESTATE FOR SALE Marketplace INNOVATIVE. UNIQUE. PROVEN. ALLAMERICANMARINE.com Bellingham, WA | 360.647.7602 Pictured: Spirit of Matushka - A 150 Passenger, hydrofoil-assisted catamaran, custom built for Major Marine Tours MARINE THE APP TECHNOLOGY FOR
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January 2024 - Marine Technology Reporter page: 59in? uencing the trajectory of tech- and machine learning based automation to deliver information nology development across numerous ocean-based sectors. real-time to facilitate earlier decision-making with its brand Key themes such energy transition, climate change and ocean CLARITY; health, offshore energy