Mountevans Appointed Baltic Exchange Council Chairman
Jeffrey Mountevans has been appointed Chairman of the Baltic Exchange Council, effective January 1, 2023. He succeeds Denis Petropoulos, who has held the position since June 2019.A former Lord Mayor of London (2015/2016) and ex-Clarksons shipbroker, Mountevans is an elected hereditary cross-bench member of the House of Lords where he plays an active role on maritime, defense and Reserves and Cadet issues. He was made an Honorary Life Member of the Baltic Exchange in 2016.The Baltic Exchange Council is the Baltic Exchange's governing body which sets its strategy for membership services…
Klein Appointed Chairman, CEO of ZF Friedrichshafen
Dr. Holger Klein, Member of the Board of Management responsible for the Asia-Pacific region, Car Chassis Technology Division, Aftermarket and Production, will succeed Wolf-Henning Scheider as Chairman and CEO of ZF Friedrichshafen AG at the end of 2022.At the same time, Dr. Peter Laier will join the Board of Management to lead the Commercial Vehicle Solutions (CVS) and Industrial Technology divisions succeeding Wilhelm Rehm. ZF Chief Financial Officer Dr. Konstantin Sauer will leave the company by the end of 2022 after many years of service.
V.Group Names Kofod-Olsen as CEO
Ship management and marine support services giant V.Group said on Wednesday it has appointed René Kofod-Olsen as the company’s chief executive officer, taking over from Graham Westgarth who will become chairman. Kofod-Olsen will join V. Group on November 1.Kofod-Olsen brings to the role almost three decades of global shipping industry experience. In 2012 he was appointed CEO of Topaz Energy & Marine, a position he held until the company’s successful divestment in 2019. Earlier in his career he worked for the A.P.
Fincantieri, Naval Group JV Starts
The joint venture between Fincantieri and Naval Group, held its first board meeting for Naviris. Through Naviris, Fincantieri and Naval Group are pooling their strengths to develop a new strategic capability and respond in an innovative way to the needs of their customers.The two companies have established that Naviris is a 50/50 joint venture. With the head office located in Genoa with a subsidiary in Ollioules, the Naviris team will focus on bi-national and export projects.
NAO Logs a Big Loss
Nordic American Offshore Ltd (NYSE: NAO) reported for the three months ended December 31, 2018, the company's net loss was $169.3 million, or $26.23 per basic and diluted loss per share, which included a non-cash impairment charge of $160.1 million, or $24.80 per basic and diluted. Excluding the impairment charge, the net loss for the fourth quarter of 2018 was $9.2 million, or $1.43 per basic and diluted loss per share. For the year ended December 31, 2018, the company's net loss was $197.3 million or $31.50 per basic weighted average and diluted loss per share, which included a non-cash impairment charge of $160.1 million. Excluding the impairment charge…
Maersk Ousts Danske Bank Chairman after Scandal
Danske Bank's largest shareholder, the Maersk family, has ousted the lender's chairman after a money laundering scandal that has also forced out its chief executive.A.P. Moller Holding, which controls about 21 percent of the share capital in the bank, has nominated Karsten Dybvad, who currently heads the Confederation of Danish Industry, to replace Ole Andersen as chairman of Denmark's largest bank.The move is a rare example of Denmark's Maersk family, which controls shipping giant A.P. Moller-Maersk through A.P. Moller Holding, openly flexing its muscles to seek change at one of its investments."Danske Bank requires new leadership and changes to its board to strengthen its position as a leading Nordic bank," Robert Uggla, chief executive of family-owned A.P.
Former Maersk Boss Named Unifeeder Chairman
Nils Smedegaard Andersen has been appointed Chairman of the Board of Directors of Denmark based feeder and shortsea operator Unifeeder, taking up his first directorship within the logistics and shipping industry after stepping down from his position as Group Chief Executive Officer of A.P. Moller - Maersk A/S in 2016. Andersen, who is a board member and strategic adviser to Unifeeder’s largest investor, e.g. Nordic Capital Funds, also serves as Non-Executive Director at BP plc…
Carnival Opens High-tech Training Center
Carnival Corporation & plc today announced the official opening of its Arison Maritime Center, a world-class facility dedicated to providing safety training for its bridge and engineering officers responsible for the navigation and operation of the company’s fleet of cruise ships. Located in Almere, Netherlands just outside Amsterdam, the new 75-million-euro facility features some of industry’s most advanced simulators and training equipment to provide annual training to more than 6,500 bridge and engineering officers from Carnival’s 10 global cruise line brands.
Bronson Hsieh Leaves Evergreen to Head Yang Ming
Evergreen Group vice chairman Bronson Hsieh has been appointed chairman of rival Taiwan carrier Yang Ming Marine. Yang Ming Marine Transport, the nation’s second-largest container shipper in terms of fleet size, approved Hsieh’s appointment, reports said. Hsieh worked at Evergreen Group for more than 40 years before stepping down from his position earlier this year. Hsieh replaces Frank Lu, who has served as chairman of the shipping line since 2003. Hsieh lost his role at Evergreen in March during a succession battle between the two sons of the late chairman of the Taiwanese company, Chung Yung-fa. Yang Ming Marine Transport reported a net loss of NT$7.72 billion (US$239.6) last year, or NT$2.24 in losses per share, with total sales of NT$127.56 billion.
Carnival to Open State-of-the-art Training Center
Carnival Corporation & plc announced today that its Arison Maritime Center in the Netherlands will honor the legacy of the Arison family who founded and grew the company into the world’s largest cruise line operation. The company also announced that construction is now well underway for what will be a state-of-the-art campus located in Almere, just outside Amsterdam. A grand opening celebration at the center is scheduled for July 14, 2016. The centerpiece of the new seven-acre campus is the CSMART Academy…
ClassNK Shuffles Leadership Team
Current Executive Vice President Koichi Fujiwara has been appointed as Chairman and President as well as a Representative Director of classification society ClassNK, effective March 7, 2016. Current Executive Vice Presidents Yasushi Nakamura and Tetsuya Kinoshita will continue in their present roles on the team, joined by Junichiro Iida as Managing Director. Noboru Ueda has stepped down as Representative Director, Chairman and President. Current Executive Vice President Tetsushi Agata has been appointed as an Executive Auditor as part of the Society’s aim to strengthen its auditing system.
DP World: Chairman also Appointed CEO
Dubai's DP World has appointed chairman Sultan Ahmed bin Sulayem as permanent chief executive with immediate effect, the port operator said on Monday, two weeks after he took interim charge following the retirement of the former CEO. Sulayem will hold both roles simultaneously, DP World said in a bourse statement. On Jan. 27, the company announced long-serving chief executive Mohammed Sharaf had retired. Reporting by Matt Smith
Carnival Corp. Appoints Chairman in China
Carnival Corporation & plc today announced that Roger Chen has been appointed chairman in China, effective January 1, 2016. A native of China, Chen will be based in Shanghai and lead all government relations and port development, while also supporting the company’s joint ventures in China. In this new role, Chen will have responsibility for representing all of Carnival Corporation’s brands in China to continue growing the company’s presence and scale in the region. Chen will report directly to Alan Buckelew…
Xu Lirong to Head Merged Giant COSCO-CSG
The current chairman of China Shipping Group (CSG) Xu Lirong handed top job at $74.7bn Beijing-backed merged entity of CSG and China Cosco Group. Xu Lirong has been appointed chairman of China Cosco Shipping Group, according to statements posted by the two groups on their websites Monday. Xu is a shipping veteran and served in senior positions at Cosco for more than 30 years before joining China Shipping (Group) as president in 2011. He was promoted to chairman in 2013. Xu' counterpart at Cosco, Ma Zehua, hits retirement age later this year and is expected to step down. Cosco Group Executive Vice President Wan Min will become president of China Cosco Shipping Group. China's State Council approved the establishment of China Cosco Shipping Group Ltd.
Freeport-McMoRan Chairman James Moffett to Step Down
Freeport-McMoRan Inc co-founder James Moffett will step down as chairman and quit its board, months after the miner added two new directors under pressure from billionaire investor Carl Icahn. Freeport said Moffett, who had been appointed chairman emeritus, would be a consultant to its board and advise the company on its Indonesia operations, including Grasberg. Moffett was instrumental in the discovery and development of Grasberg, one of the world's biggest gold and copper deposits. The company's shares fell 7.5 percent to $7.00 in morning trading. Moffett stepping down probably has more to do with a health problem rather than pressure from Icahn, Bradford Research analyst Charles Bradford told Reuters. Icahn, who owned 8.8 percent stake in Freeport as of Sept.
Coughlin Named "Director of the Year"
Dun & Bradstreet Chairman of the Board, Christopher Coughlin, will be honored later this evening by the National Association of Corporate Directors (NACD) as Director of the Year. "Dun & Bradstreet is extremely proud to have Chris as our Chairman of the Board," said Bob Carrigan, Chief Executive Officer and Director, Dun & Bradstreet. "Having worked with Chris for the past two years, I sincerely admire his abilities as a leader and strategist. He has built an inclusive board of directors here, and we all benefit from the wealth of knowledge and experience that he brings. Coughlin has years of experience in senior leadership roles which included serving as Chief Financial Officer of Tyco International Ltd.
essDOCS Names Toet Board Chairman
essDOCS announced that Non-Executive Board Member, Andre Toet, has been appointed Chairman of the Board of Directors, succeeding Barry Williams, who is standing down after chairing the board since 2013, having previously served a term as Chairman from 2006 to 2011. Andre Toet possesses over 30 years of maritime industry experience and has held numerous supervisory board positions, of which PortInfolink (subsequently Portbase), directly supported his previous role as Non-Executive Board Member for essDOCS. He has served as Managing Director of P&O Nedlloyd Europe, CEO of Maersk Central Europe, COO of the Port of Rotterdam and, since 2011, CEO for Sohar Industrial Port Company in Oman.
Petrobras Chairman Ferreira to take Leave
Murilo Ferreira will take a leave of absence as chairman of state-run oil firm Petrobras, turning his full attention to his job as chief executive of Vale SA as the mining giant grapples with a downturn in the sector. Petroleo Brasileiro SA, as the company is formally known, did not give a reason for Ferreira's leave, which it said would last until Nov. 30. A company source told Reuters he had requested time off to focus on Vale as it navigates a slump in iron ore prices and a slowdown in China.
Anderson Appointed Chairman of Lerwick Port
Brian Anderson has been appointed Chairman of Lerwick Port Authority at the board’s Annual General Meeting in July. Formerly Deputy Chairman, Brian succeeds the late Harry Jamieson who was Chairman for the past four years until his untimely death in June Ronnie Gair has been appointed Deputy Chairman of the Authority. The Authority has decided to recruit a new Member to fill the vacancy on the Board from the business sector. The vacant position is for a two year term with the opportunity to stand for reappointment in 2017. Commenting on his appointment, Brian Anderson said “It is an honour to chair the Authority during these exciting times and the board remains forward looking.
Bunker Holding Buys LQM
Bunker Holding Group (Bunker Holding), a global leader in the purchase, sale and supply of marine fuel with 54 offices in 27 countries, announced today the acquisition of LQM Petroleum Services Inc. (LQM). LQM is one of the largest international marine fuel oil brokers who handles approximately 10 million mts per year across ~250 customers worldwide. The Company has a strong presence in the United States with offices in New Jersey, Connecticut and Texas; as well as offices in London, Paris and Singapore. Bunker Holding Group CEO, Keld R. Demant said: “The acquisition of LQM is a logical step in Bunker Holding’s growth strategy and brings together two family-owned businesses with similar values and a long history of working well together”. “LQM is an excellent fit.
New Bibby Offshore Vessel Christened
On Thursday, April 9, the official naming ceremony took place for inspection repair and maintenance (IRM) light construction vessel Olympic Bibby, at the Kleven Shipyard, Norway. The ceremony saw the vessel’s official Godmother Connie Brown, wife of recently appointed Chairman of Bibby Offshore Mike Brown, christening the NORSOK compliant, 4,500-metric-ton vessel in front of a crowd of 250. Commenting on her experience, Brown said: It’s been a great honor and privilege to christen the Olympic Bibby.
Madsen to Chair Norway’s Research Council Executive Board
Henrik O. DNV GL president and CEO Henrik O. Madsen was appointed as chairman of the executive board of the Research Council of Norway. The executive board is the Research Council’s highest authority, and the newly appointed board will commence Jan 1. 2015. The main functions of the Research Council of Norway is to provide strategic policy input, administer research funding and serve as a meeting place for the development of research policy and dissemination of knowledge in Norway.
Carnival UK Announces Executive Appointments
Carnival Corporation & plc announced that David Dingle has been appointed chairman of Carnival UK and David Noyes, currently executive vice president operations, has been promoted to the CEO role, with operating responsibility for the UK-based brands P&O Cruises and Cunard Line. Dingle and Noyes will take up their new roles on October 1, and will both report to Carnival Corporation & plc president and CEO Arnold Donald. “This moves allows us to strengthen further our overall leadership in the critically important UK marketplace, while also promoting from within to leverage the skills, experience and capabilities of our executive team,” Donald said.