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Board Directors

Shepherd Non-Executive Dir. Ashtead Tech

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Ashtead Technology announced that Derek Shepherd has joined the Board as a non-executive director. Shepherd is a main board director of Aggreko plc.  For the last 10 years, Shepherd has been Managing Director of Aggreko International, one of the key drivers of Aggreko’s recent growth.  Under Shepherd’s leadership, its revenues have grown from $48.8m to $696.7m.  This appointment forms the latest addition to the Board since Ashtead Technology was acquired in June 2008 by Phoenix Equity Partners in a $131.1m MBO.


Odfjell Board Announces New CEO’s Start Date

Kristian Mørch (Photo: Odfjell)

Odfjell's new president and CEO Kristian Verner Mørch to start August 1, 2015    Kristian Verner Mørch will take up his new position as president and CEO of Odfjell SE from August 1, 2015, the company’s board of directors announced. His appointment was announced in May 2015.   Mørch, a member of the board of Odfjell SE since May 2014, will step down as board director of the company from the same date.  


Saipem: BOD Appoints Chairman, CEO, Deputy CEO

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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. Saipem’s Board of Directors is comprised of:


ASRY Active in Bahrain Coast Guard Newbuilds

(Image: ASRY)

ASRY holds keel-laying ceremony as it starts landing craft construction.   ASRY marked the commencement of erection of a new Landing Craft being constructed for the Bahrain Coast Guard (BCG) with a keel-laying ceremony. The event was attended by the yard’s Chairman Shaikh Daij Bin Salman Al Khalifa, Alternate ASRY Board Director Hassan Ali Al-Majid, ASRY Chief Executive Nils Kristian Berge and BCG Brigadier Ala Abdulla Seyadi.   


AET Orders Eight Tanker Newbuilds

Photo: AET

AET, an owner and operator of petroleum tankers, has signed contracts worth approximately $500 million combined for the construction of eight new vessels.   AET on Tuesday contracted Korean shipbuilder Samsung Heavy Industries Co Ltd (SHI) for four 113,000 dwt Aframax vessels to be delivered in 2018.   The shipper then signed an additional contract Wednesday with another Korean builder Hyundai Heavy Industries Co Ltd (HHI) for two 114,000 dwt LR2 product vessels and two 158


Oldendorff to Open Copenhagen Office

Photo: Oldendorff

Lubeck headquartered dry bulk shipping company Oldendorff Carriers said it plans to open an office in the maritime cluster in Hellerup, Denmark by June 2017.   The new office just north of Copenhagen will be headed by Oldendorff Executive & Board Director Jens Jacobsen, who will lead a team initially consisting of eight to 10 people. The company intends to relocate a number of people to the new location but will also look to draw on the dry bulk shipping pool of talent in


Horizon Offshore Names Frank as Chairman of the Board

Horizon Offshore, Inc. announced the board of directors has elected J. Louis Frank as chairman of the board of the Houston-based marine construction company. Replacing outgoing chairman, James Devine, a UK national, with Frank, a U.S. citizen, allows Horizon to meet certain U.S. regulatory requirements relevant to a recently awarded contract. Mr. Devine remains a member of the board of directors. J. Louis "Corky" Frank joined the board of directors at Horizon in July 2001


IPIC Takes Over Chairmanship of Gulf Energy Maritime

(L-R): Mr. Khalifa Abdulla Al Romaithi, new chairman of GEM; Mr. Saeed Abdulla Khoory; current chairman of GEM; and Mr. Ahmed AL Falahi, CEO of GEM.

Abu Dhabi Government-owned investment group, International Petroleum Investment Company’s (IPIC) Khalifa Abdulla Al Romaithi, Head of Portfolio Management Division, has taken over chairmanship of Gulf Energy Maritime PJSC (GEM),  from Saeed Abdulla Khoory, Chief Executive officer of Emirates National Oil Company (ENOC). Al Romaithi assumes GEM's top post in its Board of Directors, which rotates every three years between IPIC and ENOC


Petrobras to Appoint Director

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Petrobras’ Board of Directors approved at a meeting today (25 Nov.) the appointment of a director of Governance, Risk Management and Compliance, charged with ensuring process compliance and risk mitigation, including the risk of fraud and corruption, and therefore guaranteeing compliance with laws, norms, standards and regulations, including the rules of the Comissão de Valores Mobiliários (CVM - Brazilian Securities and Exchange Commission) and U.S


Obituary: Christer Olsson, Stolt-Nielsen Chairman of the Board

The Board of Directors of Stolt-Nielsen Limited announced the passing of Christer Olsson, Chairman of the Board.  He was 70.  Mr. Olsson had served as a Director of the Company since 1993, and as Chairman of the Board since December 15, 2009, when he succeeded Jacob Stolt-Nielsen, the company's founder.  The Board of Directors will elect a new chairman at the Company's Annual General Meeting in April 2016.


Wärtsilä, PGS ink Service Deal

Ramform Titan is one of the 8 seismic vessels under the service agreement between Wärtsilä and PGS. Photo Wartsila

Wärtsilä and PGS Geophysical AS have signed a service agreement that makes Wärtsilä the preferred service supplier for engines and other Wärtsilä equipment.   According to the agreement, Wärtsilä will take care of the maintenance of engines and


Shipbuilder HII Declares Quarterly Dividend

Columbia Class Courtesy Huntington Ingalls Industries

 Huntington Ingalls Industries announced today that its Board of Directors has declared a quarterly cash dividend of $0.60 per share, payable on March 10, 2017, to shareholders of record as of the close of business on March 3, 2017. Huntington Ingalls Industries is America’s largest


IRClass Appointed RO for Iran; opens office in Tehran

Iran RO Agreement Feb 2017 Photo IRS

Indian Register of Shipping (IRClass) has received authorisation as a Recognised Organisation from Iran’s maritime administration – Ports and Maritime Organization (PMO). Strengthening its presence further in the Middle East, IRClass has also set up an office in Tehran to offer its


Nakilat Profit slips

Nakilat announced its financial results for the year ended 31 December 2016, with a net profit of QR 955 million achieved compared to QR 984 million in 2015. The earnings per share attained in 2016 was QR 1.72 compared to QR 1.77 in the same period last year


Gruenhagen Named CFO at MV WERFTEN

Richard Gruenhagen (Photo: MV WERFTEN)

Shipbuilding group MV WERFTEN said it has appointed Richard Gruenhagen as Managing Director of Finance and Administration to reinforce the group's Management Board as new CFO effective February 1.   Gruenhagen graduated from Indiana University, is a Certified Public Accountant (USA)


Radio Holland, Cisco Partner to Spur Maritime Digitization

From left Edwin Prinsen, Cisco Netherlands; Dennis Mol, Radio Holland Group; Gert Kaijen, Radio Holland Group; Harald de Wilde, Cisco Netherlands; and Daan de Groot, Cisco Netherlands. (Photo: Radio Holland)

Radio Holland Group has signed a strategic agreement with American ICT company Cisco. The aim of the cooperation is to help accelerate digitization in the maritime sector by developing and offering maritime ICT solutions such as remote monitoring and diagnostics services


DHT Rejects Frontline Bid

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DHT Holdings, Inc. (NYSE: DHT) today announced that its Board of Directors has unanimously rejected Frontline Ltd.'s (NYSE/OSE: FRO) unsolicited, non-binding, highly conditional proposal to acquire all of the outstanding shares of common stock in DHT for a per-share consideration of 0


Glosten Promotes FitzGerald to Principal

Ken FitzGerald (Photo: Glosten)

Seattle-based naval architecture and marine engineering consultancy Glosten has promoted Ken FitzGerald to Principal.   FitzGerald is a graduate of Louisiana State University (BS, Petroleum Engineering, 1992), and joined Glosten in 2003 after 13 years working in commercial oceanography


Containerized Living Quarters Delivered to MV Omalius

Photo: ELA Container Offshore

 ELA Container Offshore GmbH said it has delivered two offshore living quarters to Belgium based G-Tec Offshore s.a. The containers were placed on board of the multipurpose drilling vessel MV Omalius off the coast of France. The solution on deck turned out to be very successful as the units


Maersk Chairman Rasmussen Steps Down

Michael Pram Rasmussen (Photo: A. P. Moller-Maersk)

A.P. Møller - Maersk’s chairman of the board will step down at the end of March as the group missed fourth-quarter profit expectations amid low prices and oversupply in the oil and freight sectors.   Michael Pram Rasmussen said he will not stand for reelection as chairman of


New CEO at CMA CGM

Rodolphe Saadé (Photo: CMA CGM)

Rodolphe Saadé is the new chief executive of container shipping line CMA CGM, taking over the role previously held by his 80-year-old father.   The top spot at CMA CGM Group has been passed from one generation to another. Jacques Saadé announced on his 80th birthday that his


Seafarers' Center Honors Houston Port Executive Director

Photo: Houston International Seafarers Center

 The Board of Directors of the Houston International Seafarers' Center (HISC) proudly announces that Roger Guenther, Executive Director of the Port of Houston Authority has been selected as the recipient of the 2017 "Bronze Anchor Award."  


Murphy Takes Up Role as Chief Executive of IBIA

Justin Murphy (Photo: IBIA)

The International Bunker Industry Association (IBIA) has introduced its new Chief Executive, Justin Murphy, who akes up his new position from February 13, 2017. From 2013 to 2015, Murphy was CEO of Brightoil Shipping, Singapore and Executive Director at HKSE listed Brightoil Petroleum


Prosafe Taps Andresen as CEO

Photo: © Prosafe

Semi-submersible accommodation vessels owner and operator Prosafe has made several changes to its management team.   Jesper Kragh Andresen was appointed as Chief Executive Officer (CEO), and Stig H. Christiansen as Deputy CEO and Chief Financial Officer (CFO) of Prosafe Management AS


TEN declares cash dividend

Photo TEN

TEN Ltd. a leading crude, product, and LNG tanker operator, today announced that its Board of Directors declared a cash dividend of $0.546875 per share for its 8.75% Series D Cumulative Perpetual Preferred Shares (the "Series D Preferred Shares"; NYSE; TNPPRD) for the period from






 
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