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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. He held senior treasury and financial positions before his appointment as chief executive of Unicorn Shipping in 1995. He was appointed to the Grindrod Limited board in May 1999, where he is now chief executive. Alan is a director of local and international subsidiary companies, including Grindrod Bank Limited. Following the Club’s Annual General Meeting seven new Directors joined the UK board. They are Sheikh Talal Al-Khalid Al Sabah of Kuwait Oil Tanker Company; Angela Chao of Foremost Group, New York; Michael Fostiropoulos of Almi Tankers; Polys Hajioannou of Safe Bulkers, Athens; Edouard Louis-Dreyfus of Louis Dreyfus Armateurs, Paris; Paul Wogan of Gaslog, Monaco; and Riad Zein of Naftomar Shipping & Trading, Athens. Sheikh Talal Al Khalid Al Sabah is the Chief Executive Officer of Kuwait Oil Tanker Company in Kuwait. He joined Kuwait Oil Company in 1983 after graduating in business administration and gained his MBA in 1986


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


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


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


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


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


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.


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.


Reservoir Names MD for Well Intervention

Fraser Louden (Photo: Reservoir Group).

Reservoir Group announced the appointment of Fraser Louden as managing director of its well intervention and measurements business. Acting as the Group management team’s interface with its growing portfolio of companies, Louden joins from an executive advisor role at FMC Technologies and previous expertise at READ Well Services Ltd., where he held key roles, including chief executive officer, vice president, business development manager and R&D manager.


Wood Jr. Appointed Chairman at American Superconductor

American Superconductor Corporation (NASDAQ: AMSC), a global power technologies company, announced the appointment of John W. Wood Jr. as chairman of the Board, effective August 16. He replaces former chairman and company founder, Gregory J. Yurek, who retired as chief executive officer earlier this year. Wood, 67, has been an independent director of AMSC since 2006. Prior to joining AMSC’s Board, Wood was chief executive officer of Analogic Corporation


Costa Concordia: Operations to Tow the Wreck Begin

Costa after righting: Photo courtesy of the salvors

Maneouvres began early on Wednesday to remove the rusty hulk of the Costa Concordia cruise liner from the Italian island where it struck rocks and capsized two years ago, killing 32 people. A convoy of 14 vessels, led by the tug boat Blizzard


Box Ships Inc. Repays Commerzbank Loan

Box Ships vessel: Photo courtesy of the owners

Greece-based Box Ships Inc. says it has repayed in full the outstanding amount under its loan agreement with Commerzbank AG dated July 29, 2011.  The outstanding amount of the loan, as of July 21, 2014, amounted to $21.5 million and the parties agreed to the payment of $15


APM Terminals to Sell Container Terminal in Virginia

Photo: APM Terminal Virgina

Port operator APM Terminals, a unit of Denmark's A.P. Moller-Maersk, said it would sell a big U.S. container terminal to infrastructure investor Alinda Capital Partners and a British private pension fund. The companies, in a joint statement on Tuesday


Germany as a Maritime Location Endangered: VDR

Reighstag: File photo

Germany, which currently is home to the world’s biggest container vessel fleet, will in future have fewer small shipping firms as European banks avoid the industry and American and Asian financiers focus on bigger peers, according to a report by PricewaterhouseCoopers (PwC) cited by


Singapore Approves Danelec New-Generation VDR

The Maritime and Port Authority of Singapore has issued a certificate of approval for the Danelec DM100 VDR for installation on ships under the Singapore registry. The Singapore approval follows on the type approval and European Union Wheelmark certification for the Danelec DM100 issued by the


Yara Names Brandtzæg New CEO

The board of directors of Yara International today announced the appointment of Svein Richard Brandtzæg as the company's new President and Chief Executive Officer. He will succeed Jørgen Ole Haslestad by February 2015. Brandtzæg currently serves as President and CEO of Norsk


IBIA Appoints New Events & Membership Manager

Stephen Hoare: Photo IBIA

The International Bunkering Industry Association (IBIA) says it has appointed Stephen Hoare as its new events & membership manager at its Southampton office.  The role involves developing the association’s conferences, seminars and dinner as well as growing its global membership base


ENI Signs Deal to Expand Oil, Gas Exploration in Congo

Italian oil and gas group Eni said it signed a deal to explore for hydrocarbons in the Republic of Congo's coastal basin, expanding its foothold in sub-Saharan Africa's No. 4 oil producer. At a signing ceremony in capital Brazzaville


Matson to Release Q2 2014 Financial Results

Matson containerships: Image courtesy of Matson

Leading U.S. carrier in the Pacific, Matson, Inc., informs it will release its financial results for the Second Quarter 2014 on Thursday, July 31, 2014. President and Chief Executive Officer Matthew Cox and Senior Vice President and Chief Financial Officer Joel Wine will discuss the results for


SITA UK, Forth Ports Form Port Recycling Hub

Suez Environment subsidiary, SITA UK, and Forth Ports Limited announced a long-term partnership that will see the creation of a major recycling and resource management hub based at the Port of Tilbury on the River Thames. The partnership is part of a growth strategy for both companies that


Work Starts on New UK Coastguard Training Center

Work on the new U.K. national Coastguard training center in Hampshire has officially started today, Wednesday, 16 July. His Royal Highness Prince Michael of Kent cut the first sod of turf for the new center at Daedalus Airfield in Lee on Solent.


World's Largest Vessel to be Assembled in Rotterdam Port

Pieter Schelte: Rendering courtesy of Allseas

‘Pieter Schelte’, the biggest vessel in the world, is to be completed in the port of Rotterdam. Owner and designer Allseas and the Port of Rotterdam Authority have signed an agreement to this effect. The plan is for ‘Pieter Schelte’ to arrive in Rotterdam at the end of 2014


Sound Oil Upgrades Recoverable Volume of the SMG

James Parsons, Sound Oils Chief Executive Officer

  Sound Oil, the European / Mediterranean focused upstream oil and gas company, achieved a significant upgrade in the recoverable volume of the Santa Maria Goretti ("SMG") gas prospect, onshore Italy.   The onshore SMG Permit sits in the Marche Region in Central Eastern


Transocean to Appoint Miller to Board

Transocean Ltd. said it is to convene an Extraordinary General Meeting (EGM) of Shareholders September 22, 2014, in Zug, Switzerland, to approve Miller's appointment as follows: Assuming Miller is elected by shareholders at the EGM, the board intends to designate him as Vice Chairman.


Norwegian Cruise Line Orders Two New Ships

Norwegian Breakaway: Photo CCL cr Dickelbers

Norwegian Cruise Line says it has reached an agreement with MEYER WERFT GmbH of Germany to build two new Breakaway-Plus class cruise ships for delivery in the second quarter 2018 and the fourth quarter 2019. Each ship will be 164,600 gross tons and include 4,200 passenger berths.






 
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