Post by ferryfast admin on Mar 29, 2005 11:04:23 GMT -5
Pacific Business News (Honolulu) - March 28, 2005
LATEST NEWS
March 28, 2005
Lehman joins Superferry project
Hawaii Superferry has appointed John F. Lehman, the former Secretary of the Navy and member of the 9/11 Commission, as a board member.
Lehman's private equity firm J.F. Lehman & Co. will invest $58 million equity capital in the interisland ferry project. His company invests primarily in marine and aerospace defense projects.
"I invest in management teams, not businesses," Lehman told PBN, explaining his decision to be a part of Hawaii Superferry. He added that the ferry would effect a paradigm shift in the way of doing business in Hawaii and he believes the current management is passionate about doing it.
With Lehman's expertise, the Superferry plans to operate a Westpac Express, essentially to carry military equipment and ferry vehicles from Oahu to the Big Island on a daily basis.
At present, the military has to make shipment plans six months in advance to put them on a barge, said Tim Dick, president and chairman of Hawaii Superferry.
"The ferry will save the military dollars and take 25 percent of the time," Dick said.
This logistical plan will make it easier for soldiers to train when the Stryker Brigade comes to Hawaii. The brigade will be stationed on Oahu and conduct training exercises on the Big Island, Lehman said. "The Superferry is strong enough to take Stryker vehicles," he said.
Hawaii Superferry provided the Army with a cost analysis and expects to negotiate a long-term contract, Dick said.
In other Superferry developments:
The Garden Island, the daily newspaper of Kauai, has published an interview with Nawiliwili harbormaster Bob Crowell in which Crowell says Superferry will have to "work around" the Matson Navigation schedule until harbor improvements are made by the state. Crowell said, however, that Nawiliwili congestion is less severe than that of Kahului, which Matson ships now make additional stopovers on their way between Honolulu and the West Coast.
The Maui News editorialized over the weekend that the lawsuit to block Superferry by requiring a full environmental impact statement was "the latest manifestation of lack of trust" by citizens who don't trust the state's judgment that an impact study isn't necessary. The paper said the state needs to be more proactive in telling citizens what is planned. It also said that "watchdog groups that hurry to court on a regular basis run the risk of being perceived as being shadowy obstructionists with agendas not always made clear to the public."
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FERRYFAST LINK
Hawaii Superferry
www.hawaiisuperferry.com/
LATEST NEWS
March 28, 2005
Lehman joins Superferry project
Hawaii Superferry has appointed John F. Lehman, the former Secretary of the Navy and member of the 9/11 Commission, as a board member.
Lehman's private equity firm J.F. Lehman & Co. will invest $58 million equity capital in the interisland ferry project. His company invests primarily in marine and aerospace defense projects.
"I invest in management teams, not businesses," Lehman told PBN, explaining his decision to be a part of Hawaii Superferry. He added that the ferry would effect a paradigm shift in the way of doing business in Hawaii and he believes the current management is passionate about doing it.
With Lehman's expertise, the Superferry plans to operate a Westpac Express, essentially to carry military equipment and ferry vehicles from Oahu to the Big Island on a daily basis.
At present, the military has to make shipment plans six months in advance to put them on a barge, said Tim Dick, president and chairman of Hawaii Superferry.
"The ferry will save the military dollars and take 25 percent of the time," Dick said.
This logistical plan will make it easier for soldiers to train when the Stryker Brigade comes to Hawaii. The brigade will be stationed on Oahu and conduct training exercises on the Big Island, Lehman said. "The Superferry is strong enough to take Stryker vehicles," he said.
Hawaii Superferry provided the Army with a cost analysis and expects to negotiate a long-term contract, Dick said.
In other Superferry developments:
The Garden Island, the daily newspaper of Kauai, has published an interview with Nawiliwili harbormaster Bob Crowell in which Crowell says Superferry will have to "work around" the Matson Navigation schedule until harbor improvements are made by the state. Crowell said, however, that Nawiliwili congestion is less severe than that of Kahului, which Matson ships now make additional stopovers on their way between Honolulu and the West Coast.
The Maui News editorialized over the weekend that the lawsuit to block Superferry by requiring a full environmental impact statement was "the latest manifestation of lack of trust" by citizens who don't trust the state's judgment that an impact study isn't necessary. The paper said the state needs to be more proactive in telling citizens what is planned. It also said that "watchdog groups that hurry to court on a regular basis run the risk of being perceived as being shadowy obstructionists with agendas not always made clear to the public."
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FERRYFAST LINK
Hawaii Superferry
www.hawaiisuperferry.com/