Board Directors News

Gulf Copper and Manufacturing Corporation has appointed Jonathan Whitworth as a member to its board of directors.Whitworth, a graduate of Texas A&M University at Galveston (TAMUG), brings his extensive working history and experience back to Texas. He holds an MBA in Finance with a focus on marine business and currently serves as vice chairman of the TAMUG Board of Visitors.“I feel very fortunate to have retired and moved back to Galveston Island, a city which has a rich maritime history and a place with great memories for both me and my wife,” said Whitworth.

The first commercial vessel, Maersk Cape Coast has docked at the Terminal 3 at Tema Port after 3 years of expansion and modernization works to complete the first two berths.The Ghana Ports and Harbours Authority, which operates the harbor is located along the Gulf of Guinea, said that with the state-of-the-art technology and equipment, 1,427 containers were discharged and 730 containers loaded.Incidentally, Maersk Cape Coast was inaugurated and christened at the port of Tema in 2011. At that time, Tema port was a crucial milestone for the ship’s history.This first commercial vessel definitely attested the completion of a phase of the…

Interferry, the trade association representing the worldwide ferry industry, has announced that the new chairman of its board of directors is John Steen-Mikkelsen, CEO of Danish ferry operator Danske Faerger.Steen-Mikkelsen was elected together with three new board members at the annual general meeting held last week in Cancun, Mexico, during the association’s 43rd annual conference.The Interferry board is drawn from all types of large and small ferry operations - including ro-pax, ro-ro, cruise ferries, fast ferries and passenger-only ferries - as well as industry suppliers.

South Korea’s Hanjin Shipping Co. Ltd will work with lenders to restructure debt after years of weak demand resulted in losses and cash erosion, reports Bloomberg. The board of Hanjin Shipping decided to file for receivership and give creditors authority to manage the company, bowing to calls from the government and its main creditor Korea Development Bank (KDB) which asked Cho to accept heavy restructuring of the company. "Board directors of Hanjin Shipping decided to give up their management control for debt restructuring," said a KDB spokesman. Having been faced with an outstanding debt of USD 406 million due in the first half of this year, the company is now aiming to improve the financial structure and “normalize” its management.

Virginia Port Authority Executive Director Named Chairman; Two Past AAPA Board Directors Receive Distinguished Service Award. Virginia Port Authority Executive Director Jerry Bridges was formally installed on Sept. 15 as the American Association of Port Authorities' (AAPA) chairman of the board for 2011-12. Mr. Bridges accepted his new chairmanship duties at a membership meeting in Seattle during which the entire slate of 2011-12 officers was inducted as part of AAPA's 100th Annual Convention.

San Donato Milanese, 9 May 2011 - The Board of Directors of Saipem S.p.A., convened and following the resolutions taken by the Shareholders’ Meeting on May 4, 2011, approved the appointments of the Chairman, Deputy Chairman and CEO and Deputy CEO of Saipem S.p.A. It also ascertained the independence requirements for Board Directors and Statutory Auditors and appointed the members of the internal Board Committees. The Board of Directors applied the evaluation criteria set forth in the Corporate Governance Code to ascertain that the Directors Galateri di Genola…

to $220 million and total entered tonnage rising to 90 million GT. the club's 2007/8 accounts last week. $10 million. Net assets increased $45 million to $679 million. loss. return on investments. GT. deputy managing director Paul Jennings. reflects the club's proactive approach to service. Rodney Eccleston (58) retires in September 2009. for 18 years until May 2006, when Crichton retired. in a part-time marketing and advisory capacity after his retirement. Group.

The China Shipbuilding Corp. (CSBC) completed repainting its new name, Taiwan International Shipbuilding Corp., in Chinese on the huge Goliath crane at the CSBC Kaohsiung shipyard, a CSBC official said Tuesday. The working crew spent the whole day painting the CSBC's new Chinese name on the Goliath bridge crane, which is a hallmark of the CSBC. The repainting task was not easy as the Goliath crane is 177 meters wide and 87 meters high, and each Chinese character on it covers nine square meters, which is the equivalent of approximately three stories in height. The official said that the CSBC's name-change plan has been approved by its board directors, and is awaiting final approval by CSBC general investors March 1.

A Topaz delegation consisting of Board Directors and Senior Management were in Azerbaijan in the Caspian region to hold discussions with State Oil Company Azerbaijan Republic (SOCAR). The aim of the meeting was to explore areas of mutual interest and opportunities for investment in the Caspian region. To support the growing offshore oil & gas market Topaz plans significant investments in the building of new offshore support vessels in the Caspian region in the next few years, providing support services to the offshore upstream energy sector. In total Topaz will spend $100m over the next two years expanding its fleet. Currently it operates 70 vessels including offshore supply ships, work barges and ice-breakers.