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|Articles - June 2012|
|Tuesday, May 29, 2012|
BY JON BELL
Maritime Services Corp. in Hood River had been enjoying a record workload heading into winter 2011. In October, the company, which designs and builds interiors for cruise ships, ferries, private yachts and other vessels, announced nearly $11 million in projects, including a $6 million contract with Princess Cruises and $2 million with the U.S. Army.
But something happened on Jan. 13, 2012, that has slowed the MSC ship. On that night, the Italian cruise ship Costa Concordia hit a reef in the Tyrrhenian Sea and partially sank, killing at least 32 people.
In the wake of the disaster, cruise ship bookings have fallen in some markets up to 25%, according to MSC chief executive officer George Selfridge.
“We've had some work canceled and that’s impacted us,” says Selfridge, who founded the company in 1986 as a manufacturer of small fiberglass sailboats and powerboats. “It’s quiet right now.”
Even so, Maritime operates in a niche space — Selfridge says there are just two or three competitors in the nation — and the company takes on a wide variety of maritime projects, between 150 and 200 annually, to keep itself diversified. When it’s not converting an onboard casino into a steakhouse, it’s outfitting a Staten Island ferry; when it’s not building the interior for the fourth-largest privately owned yacht in the U.S. it’s working on offshore oil rigs. MSC also has done land-based work for retailers J. Crew and Macy’s in New York.
MSC employs about 130 people full-time, but contract projects can temporarily drive numbers north of 350. Although the work requires plenty of travel, Selfridge says MSC tries to complete as much of it at its Hood River operation as possible. As a result, MSC designs and prefabricates entire ship interiors in its 40,000-square-foot production facility, then breaks them down, puts them in containers and ships them off. Once the interiors arrive, they are carefully loaded onto their destination vessel, reassembled and installed.
An avid boater who enjoys living in Hood River, Selfridge says he sees MSC following a pretty steady course into the future. The company may divest some smaller business units, but otherwise Selfridge says MSC will continue on its current tack and respond as needed.
“On the cruise ship side, they’re always getting bigger and they have to be done quicker,” Selfridge says. “So we’re always looking for every possible way to improve.”
Friday, January 23, 2015
BY KIM MOORE | OB RESEARCH EDITOR
Carbon pricing is gaining momentum in Oregon, sparking concern for energy-intensive businesses — but also opportunity to expand a homespun green economy.
Sunday, December 07, 2014
BY LINDA BAKER
On Friday, Uber switched on an app — and with one push of the button torpedoed Portland’s famed public process.
Thursday, January 22, 2015
BY JACOB PALMER | OB DIGITAL NEWS EDITOR
They say maintaining a healthy marriage takes work. So does running a business with your spouse.
Tuesday, December 02, 2014
BY LINDA BAKER
A conversation with attorney Erich Merrill about the latest way to raise money from large groups of people.
Tuesday, December 09, 2014
BY LINDA BAKER
On the eve of the Portland Ad Federation's Rosey Awards, Matt Anderson, CEO of Struck, talks about the transition from creative director to CEO, the Portland talent pool and whether data is the new black in the creative services sector.
Thursday, December 18, 2014
2014 was a year of wild contradictions, fast-paced growth and unexpected revelations.
Friday, January 23, 2015
BY LINDA BAKER | OB EDITOR
The Northwest Environmental Business Council previews the 2015 legislative agenda as Hatch Oregon celebrates Oregon's new community crowdfunding rules.
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Is your business ready to join us in the call for action? This opening panel includes Oregon businesses who will discuss why they signed the Oregon Climate Declaration, the investments they are making to reduce carbon emissions, and how their actions are affecting their companies.
Get ready for two days of special events produced with the EPA, Portland Timbers and ISOS before and after the GoGreen Conference on October 16.
How sports tourism is driving economic growth and making cities across Oregon a better place to live.
Port of Morrow's business-ready attitude has a surprising global impact.
Through its support of the arts, the Cultural Trust is strengthening the business community.
The official launch will be Jan. 14.
In a switch on the traditional trade show, representatives from UO departments and local and state agencies will host tables to connect with businesses and vendors. The fourth Reverse Vendor Fair will take place Wednesday, Feb. 25, in Eugene.
Featuring Oregon Department of Agriculture Director Katy Coba along with high-profile Oregon Ag attorney Tim Bernasek whose recent matters include representing the Oregon wheat farmer who discovered unreleased “Roundup Ready” resistant GMO wheat growing in his fields.