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Appointed Ceo

Engelstoft Takes Over as Maersk Tankers CEO

Morten Engelstoft

Morten Engelstoft has been appointed CEO of Maersk Tankers with effect from January 1, 2014 following Hanne B. Sørensen’s appointment as CEO of Damco. Morten Engelstoft has also been appointed CEO of Services & Other Shipping which consists of Maersk Supply Service, Maersk Tankers, Svitzer and Damco. Maersk Tankers is one of four businesses in Services & Other Shipping which consists of Maersk Supply Service, Maersk Tankers, Svitzer and Damco. The target for Services & Other Shipping is to strengthen the next level of businesses in the Group and reach USD 500 million in operational profit by 2016. Morten Engelstoft brings with him several years of experience from the Maersk Group. He joined A.P. Møller – Maersk in 1986 and has held several positions in the group. He has most recently held the position as COO of Maersk Line. Morten Engelstoft holds an Executive MBA from IMD (2005). Hanne B. Sørensen leaves her position as CEO of Maersk Tankers to become CEO of Damco after Rolf Habben-Jansen, who announced his departure in September 2013.

Gulf Navigation Appoints Parag Jain CEO

Parag Jain, CEO, Gulf Navigation Holding (Photo: Gulf Navigation Holding)

Gulf Navigation Holding PJSC (DFM: GULFNAV), the Dubai-based shipping company, has confirmed the appointment of Parag Jain as the company’s new Chief Executive Officer (CEO). The confirmation is a welcome move as Jain has been serving in the capacity of acting CEO since May of this year. With over 20 years of experience in the marine and maritime industry, Parag’s dynamic leadership and proficiency in the business is expected to help steer the company’s journey towards more

Smulders Appointed CEO of Radio Holland

Paul Smulders (Photo: Radio Holland)

Paul Smulders has been appointed CEO of Radio Holland, part of the RH Marine Group (formerly Imtech Marine).   Smulders returns to Radio Holland where he started his career ashore in 1989 as sales engineer deepsea, after a career at sea as nautical officer. From 1993 on he fulfilled various positions, such as sales manager for the Radio Holland Hong Kong sales activities in China, Taiwan and Hong Kong, and in the Netherlands as Area Sales Manager and Managing Director of Radio

Maersk Break-Up Soon ?

Photo: Maersk Line

 A.P. Moeller-Maersk A/S, in its strategic review, is considering several options including a two-way split into an energy and a transport company, says a Bloomberg report.   According to Danish daily Berlingske, the shipping group is likely to break up into transportation and energy divisions.   "Maersk Transport" would include the Maersk Line, APM Terminals, Maersk Tankers, Damco and Svitzer units, while "Maersk Energy" would include Maersk Oil

Horst Binnig to Succeed Dr. Gerd Kleinert as Rheinmetall CEO

Horst Binnig

Horst Binnig was appointed CEO of Rheinmetall Automotive's parent company KSPG AG and will take over beginning January 1, 2014. As Executive Board member of Rheinmetall AG, he will also represent the interests of the automotive sector within the Rheinmetall Group. From the start of 2014 and in both these positions he is succeeding Dr. Gerd Kleinert who after 13 years of successful activities in the Rheinmetall Group is stepping down from his CEO position and enetering retirement.

Arntzen Appointed CEO of OSG

The Board of Directors of Overseas Shipholding Group, Inc. (OSG) announced the appointment of Morten Arntzen as the company's new President & CEO. Mr. Arntzen, who last served as CEO of American Marine Advisors, Inc., a U.S. based merchant banking firm specializing in the maritime industry, has extensive experience in the international shipping business. Arntzen, 48, will succeed OSG's long-time CEO, Morton P. Hyman, who recently retired at the end of this year.

Aggressive Superyacht Investment Pan for Blohm+Voss


 Fred van Beers, the newly appointed CEO for Blohm+Voss, unveil details of an aggressive new investment plan in the superyacht sector.    Over the next year, the company is restructuring some independent divisions under the same roof. It’s further offering lifetime warranties and monitoring equipment on all new builds.   This plan has been prepared over the past few months in partnership with Star Capital and the Board of Directors.  

Arntzen Appointed CEO of OSG

The Board of Directors of Overseas Shipholding Group, Inc. (OSG) today announced the appointment of Morten Arntzen as the Company's new President & Chief Executive Officer. Mr. Arntzen, who currently serves as Chief Executive Officer of American Marine Advisors, Inc., a U.S. based merchant banking firm specializing in the maritime industry, has extensive experience in the international shipping business. Mr. Arntzen, 48, will succeed OSG's long-time CEO, Morton P

Anglo-Eastern and Univan Set Sail Together: Largest Ever Ship Management Merger

Pic: Anglo-Eastern Ship Management Ltd

 There has been a great deal of merger activity in the shipping industry over the past few years, especially amongst owners, but, Anglo-Eastern Group and Univan Group have reached an agreement, with the culmination of the largest ever merger of independent, third party ship management companies – the Anglo-Eastern Univan Group.   Already in the top three global ship management companies, Anglo-Eastern’s merger with Univan Ship Management creates the industry leader

Heikinheimo Named President of Aker Yards, Cruise & Ferries

Juha Heikinheimo has been appointed as President of Aker Yards' business area Cruise & Ferries and President of Aker Yards Oy in Finland. He will also be a part of the executive management team in Aker Yards. He will be based in Helsinki. Heikinheimo takes over from and reports to Mr. Yrjö Julin, who was earlier this week appointed President and CEO of Aker Yards ASA.

McNeel to Replace Lieungh as Sevan Marine CEO

Carl Lieungh will step down as CEO of Sevan Marine ASA effective January 1, 2017. The company’s board of directors has appointed current CFO Reese McNeel to take up the CEO role while continuing to carry out the CFO function.   Under the agreement reached between Lieungh and the board

Korean Register CEO Park Passed Away

Dr. B. S. Park ( Photo: Korean Register)

Dr. B. S. Park, Korean Register Chairman and CEO, has passed away after a short illness.   Dr. Park graduated from Korea Maritime and Ocean University in 1976 and joined Pan Ocean Shipping where he worked in a number of capacities until 2001

Maersk Supply Service Names Karstensen CEO

Steen S. Karstensen (Photo: Maersk)

Steen S. Karstensen has been appointed CEO of Maersk's offshore services arm, Maersk Supply Service, with effect from October 24.   Karstensen comes from a position as Chief Procurement Officer and takes over from Jørn Madsen

Royal IHC Names Vergunst CFO

Royal IHC has appointed Arie Vergunst as Chief Financial Officer as of October 1, 2016. Vergunst succeeds Dave Vander Heyde, who became CEO on September 1, 2016.   Vergunst has worked at IHC since June 2007 in several financial positions, both at holding level as well as in the business

Maersk to Split Into Two Divisions

Photo: Maersk Line

 It's oficial now. Danish conglomerate A.P. Moeller-Maersk A/S said Thursday it is splitting into two separate units - transport and energy businesses.   Denmark’s biggest company moves ahead with an historic shake-up of the conglomerate to generate growth

MN100: Northern Lights, Inc.

(Photo: Northern Lights, Inc.)

 The Company: Founded in 1958, Northern Lights manufactures marine power generation, propulsion and air conditioning and refrigeration systems. The company’s products are distributed through a global sales and service network of over 340 dealers in more than 40 countries

Wilhelmsen and Wallenius to Merge

Courtesy Wilhelmsen

Wilhelmsen and Wallenius have signed a letter of intent to establish a new ownership structure for their jointly owned investments. The new entity, Wallenius Wilhelmsen Logistics ASA, will form a more efficient management structure and enable further synergies between the joint ventures.

Aberdeen Harbor Names Harbor Master, Marine Manager

Jeff Gaskin (Photo: Aberdeen Harbor Board)

Aberdeen Harbor Board said it has completed the restructuring of its Marine Operations Department with the internal appointment of Captain Jeff Gaskin as new Harbor Master and Alexandra McIntosh as Marine Manager.   Gaskin, formerly the Harbor’s Marine Superintendent

OSV firm Farstad Continues Restructuring Talks

file Image (Credit: Farstad)

Supply firm Farstad Shipping's CEO Karl Johan Bakken repeats is in stand-still agreement with lenders until Oct. 1   Notable disclosures: * CEO says is talking to both industrial and financial investors on how to refinance 11.6 billion Norwegian crowns in net interest bearing debt ($1

Ng Pock Appointed Dy Chair of OSS Asia Pacific

Dr. Ng Pock Too , Photo courtesy OOS Asia-Pacific Private Limited

OOS International BV has appointed Dr. Ng Pock Too as the Deputy Chairman of OOS Asia-Pacific Private Limited, a subsidiary of OOS International B.V., with effect from 28-July-2016. Dr. Ng will also serve as a supervisory board member to OOS International B.V..

BBC Chartering launches office in Esbjerg, Denmark

BBC Moonstone courtesy BBC Chartering

BBC Chartering announces the re-launch of its presence in Denmark with a new representative office in Esbjerg opening August 15, 2016. “Global wind power saw an unprecedented growth recently, for the first time crossing 60 GW in new capacity installments in 2015

Guzmán Re-elected Harbor Commission President, Long Beach Port

Courtesy Port of Long Beach

Harbor Commission President Lori Ann Guzmán was re-elected Monday evening to serve a second one-year term leading the board that oversees the Port of Long Beach, the nation’s second-busiest seaport. The five-member Long Beach Board of Harbor Commissioners also selected Lou Anne

HMM May Hire Foreign CEO for Revival

Photo: Hyundai Merchant Marine

 Hyundai Merchant Marine (HMM) will start the process to appoint a new chief executive officer (CEO) when Hyundai Group loses control on Aug. 5, reports Korea Times quoting un-named industry sources.   The challenged shipper will begin a new chapter in its 40-year history

INTERSCHALT Shuffles Executive Management

INTERSCHALT maritime systems GmbH, a provider of maritime software for cargo operations and fleet management, NavCom services and manufacturer of VDR systems, announced a change in the company’s executive management today. This follows Cargotec Corporation’s acquisition of INTERSCHALT

Verkuyl New CEO at Feadship Royal Van Lent Yard

Jan-Bart Verkuyl  (Photo: Feadship Royal Van Lent)

Jan-Bart Verkuyl has been appointed the new CEO of Feadship’s Royal Van Lent yard, where he will have overall responsibility for the day to day operations of the current operation in Kaag, its subsidiaries and the second new yard in Amsterdam when it opens in 2018.

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