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Chief Executive

Nils Andersen to Join the BP Board

Nils Smedegaard Andersen Photo: BP

 The board of BP plc announced that it has appointed Nils Smedegaard Andersen as a Non-Executive Director with immediate effect; as well as serving on the Board he will join the Audit Committee.   Andersen was Group Chief Executive of A.P. Møller - Mærsk A/S until 2016 and had previously been President and Chief Executive Officer of Carlsberg A/S and Carlsberg Breweries A/S.   Carl-Henric Svanberg, Chairman of BP, said: “I am delighted to welcome Nils Anderson to the BP Board. Nils brings broad experience from the energy, shipping and consumer goods industries. His depth of knowledge and insight from his long career will bring an added perspective to the work of the Board.”   Nils S. Andersen, 58, was Group Chief Executive of A.P. Møller - Mærsk from 2007 to June 2016. Prior to this he was Executive Vice President of Carlsberg A/S and Carlsberg Breweries A/S from 1999-2001, becoming President and Chief Executive Officer from 2001-2007.   He is a Non-Executive Director at Unilever Plc and Unilever NV, where he serves on the Audit Committee. Mr Andersen is also Chairman of Dansk Supermarked Group A/S.   Previous roles include Non-Executive Director of Inditex S.A. and William Demant A/S. He has also served as Managing Director of Union Cervecera, Hannen Brauerei and Chief Executive Officer of the Drinks Division of the Hero Group.  


Olivier Named UK Club Chairman

Alan Olivier, the new Chairman and President of the UK P&I Club

Alan Olivier was elected Chairman and President of the UK P&I Club at their board meeting in Bermuda on October 28. He succeeds Dino Caroussis who has retired from the board. Mr. Olivier, 53, Chief Executive Officer of Grindrod Limited, became a Director of the UK Club in 2000 and a Deputy Chairman in 2006. Mr. Caroussis, 61, of Chios Navigation, had been the Club’s Chairman for the past five years, having joined the board in 1996 in the shipping division


British Ports Reorganizes American Management

Associated British Ports Holdings Plc has appointed Douglas Tipton as head of the Seaport container terminal division at its American Port Services subsidiary, and will reorganize top management including the appointing. Tipton has been president and chief executive officer of Contship Containerlines Inc. for the past three years. He has extensive experience of the container industry, having also worked at Mitsui OSK, Maersk and Sea-Land


APS Management Restructured

Associated British Ports Holdings Plc is reorganizing top management at its American Port Services subsidiary, including appointing Douglas Tipton as head of the Seaport container terminal division. Tipton has been president and chief executive officer of U.S. shipping firm Contship Containerlines Inc for the past three years. He has extensive experience of the container industry, having also worked at Mitsui OSK, Maersk and Sea-Land


Ronald D. Sugar Elected President and Chief Operating Officer of Northrop Grumman

Northrop Grumman Corporation has named Ronald D. Sugar, president and chief operating officer chairman and chief executive officer. Dr. Sugar was elected to Northrop Grumman's board of directors last April. Kent Kresa, chairman and CEO, stated, "With our recent acquisition of Litton Industries, Northrop Grumman is now a $15 billion top-tier global enterprise with 80,000 employees. Ron's appointment provides our company with additional management depth


Maersk CEO Looks to Increase Market Share

file image: The Maersk Kalmar underway (Maersk)

A.P. Moller-Maersk's chief executive said its container shipping arm Maersk Line probably gained market share in the second half of 2015 after losing some in the first half of the year. "We want to increase Maersk Line's market share. We hope some competitors will order fewer new vessels," Chief Executive Nils Smedegaard Andersen told a teleconference. Andersen said the low oil price is the biggest short-term challenge for the group. Reporting by Ole Mikkelsen


NASSCO, BP Hold Naming Ceremony

Preparing to name the Alaskan Frontier are Richard Vortmann, President of NASSCO, ship's Sponsor Pamela Olver, spouse of Richard Olver, Deputy Group Chief Executive of BP, Richard Olver, Diane Malone, Matron of Honor, spouse of Bob Malone chief executive of BP Shipping, Ltd., and Bob Malone. National Steel and Shipbuilding Company (NASSCO joined BP p.l.c. in naming the Alaskan Frontier, the first of four Alaska-class double-hull oil tankers being built for BP Oil Shipping Company.


Lund Named New Statoil CEO

At its meeting on March 7, 2004, Statoil's board of directors appointed Helge Lund (42) as new chief executive for the Statoil group. Mr Lund is currently chief executive of Aker Kværner ASA. "Helge Lund was the first choice of the board and we are very pleased that he has agreed to lead Statoil in the years ahead," said Statoil chair Jannik Lindbæk. Lund graduated as a business economist at the Norwegian School of Economics and Business Administrationin Bergen


ConocoPhillips Announces Senior Management Changes

ConocoPhillips announced the following actions concerning the company's senior management: John Carrig, currently executive vice president, Finance, and chief financial officer, will become president and chief operating officer.  He will continue to report to Jim Mulva, chairman and chief executive officer. Jim Gallogly, currently executive vice president, Refining, Marketing & Transportation, will become executive vice president, Exploration & Production.


EDHEC-Risk Institute Welcomes Eight New Members

EDHEC-Risk Institute announced that eight new members have joined its international advisory board, which brings together scholars, representatives of regulatory bodies as well as senior executives from business partners and other institutions. The role of the international advisory board is to validate the relevance and goals of the research program proposals presented by the institute’s management and to evaluate research outcomes with respect to their potential impact on industry


Traffic Increase between Gothenburg and Belgium

Shipping Line SOL now offer seven departures per week from Gothenburg Roro Terminal.

Belgium is Sweden’s eighth largest export market. The Swedish shipping company SOL is about to expand its departure frequency between the Port of Gothenburg and the Belgian port of Zeebrugge. The change will offer greater scope for Swedish import and export companies to ship freight to and


Designees to The TechnipFMC Board Announced

Logos

Technip S.A. (Euronext: TEC) and FMC Technologies, Inc. (NYSE: FTI) today announced their respective designees to the Board of Directors of the combined company, TechnipFMC, effective at the close of the proposed combination. The Board of Directors of the combined company will comprise 14


Rolls-Royce to Cut Another 800 Jobs at Marine Unit

British engineering company Rolls-Royce said it would cut a further 800 jobs in its marine business to save an extra 50 million pounds ($63 million) a year, responding to weak demand from shipping and energy customers. The marine business


PBES, Høglund Marine Join Forces

Høglund Marine Automation offers PBES energy storage to marine customers Photo PBES

PBES and Høglund Marine Automation today announced a partnership agreement to industrial quality energy storage for hybrid and fully electric commercial marine vessels. The partnership agreement underscores the on-going green shift that is now occurring in the commercial marine industry.


Dynagas, Gazprom in New Long-term Time Charter Contract

Photo: Dynagas LNG Partners

 Dynagas LNG Partners signed a new long-term time charter contract for the Clean Energy.   The Partnership, through one of its wholly owned subsidiaries, entered into a new long-term charter agreement with an affiliate of the Gazprom Group for the employment of its 2007 built 150


GLDD Sells Terra Contracting Assets

Great Lakes Dredge & Dock Corporation, the largest provider of dredging services in the U.S. and a major provider of remediation and geotechnical services, announced the completion of the sale of assets associated with the service lines of the Terra Contracting Services, LLC business for $6


Crew Transfer Vessel Delivered to Swire Pacific Offshore

The Offshore Express 57 LCTV features DP-2 dynamic positioning technology and “walk to work” capability ensuring the fast and safe transfer of personnel to and from offshore oil and gas platforms. (Photo: Austal)

With its latest delivery to Swire Pacific Offshore (SPO), shipbuilder Austal Limited has delivered its second high speed crew transfer vessel this year, and its fourth offshore crew transfer vessel in the past 15 months.   The 57.6-meter, all-aluminum catamaran, named Pacific Kestrel


ISS Opens New Head Office in London

Chris Whiteside, Chief Executive Officer, at the official opening of ISS’ new head office in London Photo ISS

Maritime and logistics service provider Inchcape Shipping Services (ISS) has officially opened its new head office in London. Based in Fenchurch Street in the heart of the City, the new office for ISS’ leadership team has been opened to bring it closer to key customers’


Can Trump Make Coal Great Again?

File Image: a cargo of barged coal  makes its way on the U.S. inland river system (CREDIT: Inland Marine)

Most of the U.S. coal industry doubts Donald Trump can fulfill his promise to make the ailing industry great again in a country awash in dirt-cheap natural gas, a competing fuel. But a small sub-section of the coal sector that mines metallurgical coal - a variety used by steel makers instead of


Waterways Council Elects Parker as Chairman

Tim Parker (Photo: Waterways Council)

As its Annual Meeting and Board of Directors Meeting in Cincinnati on November 15, 2016, Waterways Council, Inc. (WCI) named Tim Parker, President of Parker Towing, as its Chairman of the Board. Parker succeeds Merritt Lane, President and Chief Executive Officer, Canal Barge Company.


Sea Tow Presents Franchise Awards

Sea Tow Rookie of the Year (Photo: Sea Tow Services)

Sea Tow Services International, Inc., a professional on-water assistance provider, honored members of its national network for outstanding customer service and dedication to boating safety at the Sea Tow Awards Luncheon held on November 17.


GOGL Sinks into Loss

Photo: Golden Ocean Group Limited

Dry bulk shipping company Golden Ocean Group Limited, while announcing its preliminary results for the quarter ended September 30, 2016, informed that it suffered a net loss of $26.7 million and a loss per share of $0.25    Highlights  


UK P&I Club: Premium Discount for 2016

The UK P&I Club said it has agreed at its board meeting on November 19 to a mutual premium discount of 3 percent on the total mutual call for the 2015 policy year.    In the current shipping environment, the board has decided it is prudent to revise the club’s approach to the


Globus Maritime Appoints New Non Executive Director

Dimitrios Stratikopoulos. Photo: Globus Maritime Limited

 Globus Maritime Limited, a dry bulk shipping company, announced today that Dimitrios Stratikopoulos has resigned from its Board of Directors due to other recent pressing business commitments with the resignation taking effect immediately.   


Shaw Appointed Chief Executive, ASRY

Andrew Shaw  Photo ASRY

ASRY, the leading ship and rig repair yard in the Arabian Gulf, has announced that Andrew Shaw will be the new Chief Executive of the shipyard, effective early January 2017. He re-joins the company after previously holding the position ofGeneral Manager of the ASRY Offshore Services division from






 
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