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
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
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
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
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
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
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 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.
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
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.
Nils Andersen, chief executive of AP Møller-Maersks, has warned that global trade will never return to scorching pre-crisis growth rates, in part because western companies are looking to manufacture more goods closer to home, says a report in the Financial Times.
Coldharbour Marine, long recognised for the design, manufacture and supply of inert gas and fluid handling equipment vessels (FPSOs) has moved into a new 25k sq. ft. headquarters in Linby, Nottinghamshire. All of Coldharbour’s administration, design, research and development functions
BP is freezing base pay across the group this year, the latest in a series of steps by oil majors to cut costs in response to sinking oil prices. Over the past year, oil majors have been selling assets to protect cash flows and shareholder dividends.
Terragon Environmental Technologies Inc. has entered into a strategic partnership with Green Marine Capital (GMC) in an effort to enable off grid sustainability by developing and commercializing simple compact and economical products that allow any habitat to convert its waste into useful resources
Fidelis Group launches ocean cargo division; Doug Fischer and Crystal Prout named managing directors Fidelis Group Holdings, LLC (FGH) with its subsidiary company Continental Underwriters, Ltd. announced the formation of its new ocean cargo division.
Georgia has become the 100th Party to the Convention on the International Maritime Satellite Organization (IMSO C 1976) and accepted the 2008 amendments, the International Maritime Organization (IMO) said in a news statement. His Excellency Revaz Gachechiladze
Oceaneering International, Inc. has entered into a two-year, multiservice vessel charter agreement with Shell Offshore Inc. for use of the Ocean Alliance in the U.S. Gulf of Mexico (GOM) commencing January 1, 2015. The Ocean Alliance is a U.S
Seanergy Maritime Holdings Corp. while announcinbg their financial results for the third quarter and nine months ended September 30, 2014 informed that they plan to acquire a Secondhand Capesize vessel. In this regards Stamatis Tsantanis
German container shipping group Hapag-Lloyd will focus on integration of Vapores , the Chilean firm with which it is merging, and a return to profit before pressing ahead with a stock market flotation, its chief executive said. "We believe in our plan, that is why we are not in a rush
Dun & Bradstreet, the world's most trusted source of commercial data and insight, today became the first certified vendor of the Small Business Financial Exchange, Inc.'s wholly owned subsidiary SBFE, LLC. As an SBFE Certified Vendor™
The Port of Gibraltar will showcase its bunkering and marine services at the International Bunker Industry Association (IBIA) Regional Forum, February 24-27. The forum, which takes place at Gibraltar’s Sunborn Hotel, will include a workshop on bunkering; a session focusing on mega yacht and
ABB, the leading power and automation technology company, is proud to accompany Solar Impulse and its crew on the plane’s flight around the world powered only by energy from the sun. Solar Impulse, based in Switzerland, announced today it will begin its historic flight between
Cargo numbers edge up with economy Cargo container trade at the Port of Long Beach climbed 1.3 percent in 2014, indicating continued economic growth for the U.S. and bringing the port its third-busiest year ever behind the peak years of 2006 and 2007, the port announced.
When the Institution of Naval Architects was formed in 1860 it became one of the bastions of Victorian engineering, enabling and encouraging the exchange of knowledge, information and good practice in the field of naval architecture. The basic principles laid down in the early days saw the
Reederei Hamburger Lloyd GmbH & Co KG (RHL), signed a contract with BASS on December 31, 2014, for virtually the full suite of BASSnet software solutions for its fleet of 28 container ships and chemical tankers. BASS said its shipping software solutions cover all major aspects