Maritime Business Strategies, LLC

Record of Achievement

THE FOLLOWING PARAGRAPHS SUMMARIZE SOME OF TIM COLTON'S CAREER ACHIEVEMENTS:

1964:  When the British shipbuilding industry faced pressure for the first time since before WWII, TC established for a 7000-man, 3-shipyard group its first production planning and control operation.

1966:  When the Canadian government decided to construct a new shipyard to build and repair deep-sea trawlers, TC was its first Production Manager, developing all the shipyard's operating systems and managing its first construction and repair contracts.

1970:  When the General Electric Company and Consolidated Edison of New York developed the concept of barge-mounted power generation, TC managed the construction program.

1971:  When the U.S. Army Corps of Engineers faced a shortage of dredge spoil disposal areas, TC developed a systems analysis approach to dredging operations that optimized the use of available assets.

1972:  When the Ruler of Dubai decided to construct the world's largest ship repair yard, TC designed the facility and managed the selection of the construction contractor.

1973:  When the Port of Portland, Oregon, decided to expand its ship repair capability, TC performed a detailed market analysis and feasibility study, designed the facility and prepared all supporting technical documentation for an $84 million bond issue.

1973:  When the members of OPEC began to invest in tanker operations, TC directed the development for OPEC of computer data bases of the world's tanker fleet, tanker terminals and tanker charter markets.

1974:  When the U. S. Navy contested a major shipyard's billion dollar contract claim, TC directed a 75-person team which evaluated the shipyard's allegations and prepared the Navy's response.

1975:  When the Government of Iran sought to speed up the flow of grain through its ports, TC organized a consortium of Iranian and American shipping, stevedoring and trucking companies.

1977:  When the Port of Hueneme, California, sought to increase its business, TC developed a master plan that increased the port's current activities and initiated several profitable new activities.

1978:  When Levingston Shipbuilding wanted to improve its productivity, TC organized a technology transfer program with a leading Japanese shipbuilder.

1980:  When ABC Containerline N.V. decided to enter the U.S.-flag shipping business, TC organized a joint venture shipping company together with a shipbuilder and a maritime union's pension fund.

1982:  When Pennsylvania Shipbuilding Company sought entry into the naval shipbuilding and shiprepairing markets, TC directed the marketing effort, winning over $600 million in contracts over the next six years.

1986:  When Pennsylvania Shipbuilding Company sought to diversify its operations, TC directed the conversion of excess waterfront property into an independent marine container terminal.

1989:  When Todd Shipyards Corporation filed for Chapter 11, Paine Webber retained Colton & Company to advise on the prospects for profitable operation of each of Todd's three shipyards in support of an acquisition plan.

1990:  When Conoco Shipping Company ordered four new ships from a Korean shipbuilder, it retained Colton & Company to provide a valuation for financing purposes.

1990:  When the City of Newport News became concerned about the future of Newport News Shipbuilding, It retained Colton & Company to provide advice.

1991:  When the Philippine National Oil Company was directed to privatize its shipyard and its domestic tanker fleet, it retained Colton & Company  to advise it.

1992:  When the Defense Advanced Research Projects Agency (DARPA) was tasked with developing a program to assist U.S. shipyards to convert from military to civilian markets, it retained Colton & Company to provide expert advice.

1993:  When the City of Philadelphia was faced with the closure of the Philadelphia Naval Shipyard, it retained Colton & Company to advise it on the best way to reuse the facility.

1994:  When Bath Iron Works became involved in litigation with the City of Bath, it retained Colton & Company to estimate the company's enterprise value.

1996:  When Bender Shipbuilding decided to pursue international shipbuilding opportunities, it retained Colton & Company to manage its efforts.

1998: When Halter Marine Group entered a period of rapid growth, it hired TC to reorganize all its engineering, planning and procurement functions.

1999: When Friede Goldman International merged with Halter Marine Group, it appointed TC to manage all its business development activities and to coordinate all its marketing and sales efforts.

2003: When the U.S. Department of Justice sued a major U.S. shipbuilder under the False Claims Act for mischarging engineering costs on a commercial shipbuilding program, it retained TC as its expert witness.

2003: When ConocoPhillips initiated a major LNG project in Qatar, it retained TC to provide advice on the construction of the required fleet of very large LNG carriers.