Latest news with #SteveHale
Yahoo
10 minutes ago
- Business
- Yahoo
Davie to acquire Gulf Copper's Texas shipyards, expand US icebreaker fleet
Shipbuilder Davie has announced plans to acquire Gulf Copper & Manufacturing's shipbuilding assets located in Galveston and Port Arthur, Texas. The planned acquisition is pending financial, legal, and regulatory approvals, including land lease negotiations with the Galveston Wharves Board of Trustees. The acquisition, expected to be finalised by summer 2025, underscores Davie's commitment made in July 2024 to establish a permanent presence in the US. The proposed acquisition aligns with national priorities, including the U.S. Maritime Action Plan and the Ships for America Act. Furthermore, it supports the US Coast Guard's Arctic Security Cutter programme, which seeks to revitalise shipbuilding in the US and deliver Arctic-ready icebreakers. Davie president and CEO James Davies said: 'We share a vision with Gulf Copper to make Texas a world-class hub for American icebreaker and complex ship production. Texas is ready to lead a new Golden Age of American shipbuilding—backed by our commitment to delivering ships on time, on budget, and in service of national security priorities.' With operations in Québec and Helsinki, Davie's expansion into the US would enhance its role in the trilateral Icebreaker Collaboration Effort (ICE Pact) and counter heavily subsidised foreign programmes. The company's entry into the US market is also timely, as the country currently operates only three Arctic-ready icebreakers, compared to nearly 50 by rival nations. Davie's commercially viable icebreaker designs promise faster delivery and cost savings for the US government, addressing a critical national security concern. Upon completion of the acquisition and securing of contracts, Davie plans a $1bn investment to upgrade the Galveston and Port Arthur facilities, potentially creating around 4,000 American jobs. This includes 2,000 direct jobs at Gulf Copper and another 2,000 in the supply chain. Davie is also collaborating with local stakeholders and organisations in Texas to expedite the transaction and has also garnered support from Washington, D.C. Gulf Copper CEO Steve Hale said: 'A successful deal will open a new chapter for Gulf Copper. For the first time in decades, complex shipbuilding could return to Galveston and Port Arthur—this time backed by one of the world's fastest-growing specialised shipbuilders. 'Davie brings a bold vision: to make Texas the cornerstone of their US expansion. That means opportunity for our employees, our partners, and our communities.' "Davie to acquire Gulf Copper's Texas shipyards, expand US icebreaker fleet" was originally created and published by Ship Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
03-05-2025
- Science
- Yahoo
Deseret News archives +: Remembering the very first Sterling Scholars show
A look back at local, national and world events through Deseret News archives. When Steve Hale came to his editors at the Deseret News with an idea to honor Salt Lake City area high school students, he met a receptive audience. The Desert News had already been recognizing high school athletes for their successes, so to do the same for top scholars made perfect sense. The year was 1962. More than 60 years later, the Sterling Scholars program is well known for its celebration of student success. And it grows and grows each year. According to Sterling Scholar organizers, Hale, a columnist, suggested that the Deseret News sponsor a program to spotlight scholastic achievement. Hale, along with education reporter Lavor Chaffin and marketing director Keith West, realized that outstanding academic scholars were not recognized in any manner. They decided to meet with members of the board of education in Salt Lake City for support in recognizing high school seniors. After the board of education approved the program, Chaffin and West created 12 categories and requested that each school nominate at least 12 candidates. They also decided to name the program 'Sterling' since sterling, by definition, is something pure and valuable and scholars seemed like a natural second word. Hence, the name Sterling Scholars was created. The first year, the program was only held in Salt Lake City but it quickly spread to Cache and Utah counties and then across all of Utah. Coverage in the Deseret News that year included photos of the winners on the front page, along with stories about those who helped with the awards program and what parents and school leaders said about the event. As a fun side note, one winner, who was not present because he was competing in the National Science Fair competition in Seattle, did not find out he had won until the following day, when his parents phoned him. KSL soon joined the Deseret News in its endeavors and even telecast the event for many years. Consider how may high students are involved in the program. There are more than 100 schools, and each nominates a winner in each category. The competition categories have been expanded to 14 and now include regional winners in different parts of the state. Students begin building their portfolios at the school level. Winners then advance to regional and final competitions. Winners receive awards and recognition, while some colleges and universities in Utah offer financial assistance to top nominees in the Deseret News/KSL Broadcast Group Sterling Scholar Awards Program. The final awards program is now streamed live by KSL-TV. It is now considered quite prestigious to be a Sterling Scholar, and it would probably be easy for a Sterling Scholar math nominee to figure out how many Utah high school seniors have been honored. But the process and what is learned along the way can be valuable as well. Here are some stories from Deseret News archives about the program: "How Sterling Scholar has awarded Utah's brightest students for 57 years" "Sterling Scholar builds on a 53-year history" "Sterling Scholars: Where are they now?" "Meet the Deseret News/KSL 2025 General Sterling Scholar"
Yahoo
03-05-2025
- Science
- Yahoo
Deseret News archives +: Remembering the very first Sterling Scholars show
A look back at local, national and world events through Deseret News archives. When Steve Hale came to his editors at the Deseret News with an idea to honor Salt Lake City area high school students, he met a receptive audience. The Desert News had already been recognizing high school athletes for their successes, so to do the same for top scholars made perfect sense. The year was 1962. More than 60 years later, the Sterling Scholars program is well known for its celebration of student success. And it grows and grows each year. According to Sterling Scholar organizers, Hale, a columnist, suggested that the Deseret News sponsor a program to spotlight scholastic achievement. Hale, along with education reporter Lavor Chaffin and marketing director Keith West, realized that outstanding academic scholars were not recognized in any manner. They decided to meet with members of the board of education in Salt Lake City for support in recognizing high school seniors. After the board of education approved the program, Chaffin and West created 12 categories and requested that each school nominate at least 12 candidates. They also decided to name the program 'Sterling' since sterling, by definition, is something pure and valuable and scholars seemed like a natural second word. Hence, the name Sterling Scholars was created. The first year, the program was only held in Salt Lake City but it quickly spread to Cache and Utah counties and then across all of Utah. Coverage in the Deseret News that year included photos of the winners on the front page, along with stories about those who helped with the awards program and what parents and school leaders said about the event. As a fun side note, one winner, who was not present because he was competing in the National Science Fair competition in Seattle, did not find out he had won until the following day, when his parents phoned him. KSL soon joined the Deseret News in its endeavors and even telecast the event for many years. Consider how may high students are involved in the program. There are more than 100 schools, and each nominates a winner in each category. The competition categories have been expanded to 14 and now include regional winners in different parts of the state. Students begin building their portfolios at the school level. Winners then advance to regional and final competitions. Winners receive awards and recognition, while some colleges and universities in Utah offer financial assistance to top nominees in the Deseret News/KSL Broadcast Group Sterling Scholar Awards Program. The final awards program is now streamed live by KSL-TV. It is now considered quite prestigious to be a Sterling Scholar, and it would probably be easy for a Sterling Scholar math nominee to figure out how many Utah high school seniors have been honored. But the process and what is learned along the way can be valuable as well. Here are some stories from Deseret News archives about the program: "How Sterling Scholar has awarded Utah's brightest students for 57 years" "Sterling Scholar builds on a 53-year history" "Sterling Scholars: Where are they now?" "Meet the Deseret News/KSL 2025 General Sterling Scholar"
