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Chief Executive

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


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


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


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


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.


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


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.


Higgins Named CEO of Nichols Brothers Boat Builders

Gavin Higgins (Photo: NBBB)

Gavin Higgins has been appointed Chief Executive Officer of Ice Floe LLC dba Nichols Brothers Boat Builders (NBBB), the company announced today.   Effective immediately, Higgins replaces Matt Nichols, one of the company’s founders who has served as CEO of NBBB since February 2012


Mermaid Wins Subsea Contract in Gulf of Thailand

  Mermaid has secured a 2-year contract for its dive support vessel, ‘Mermaid Commander’, to provide subsea construction support in the Gulf of Thailand for a repeat international fabrication and installation contractor whose end customer is a major international upstream oil and


Jackup Rig Delivered to Abu Dhabi’s NDC

HE Sheikh Saud Bin Khalid Al Qasimi (center) cuts the ribbon for the NDC Shuwehat rig alongside Lamprell CEO Jim Moffat (right) and NDC Chief Executive Officer Abdalla Saeed Al Suwaidi (left)

Lamprell delivers its 11th Super 116E jackup drilling unit Lamprell has completed the construction of jackup drilling rig, the Shuwehat, and has delivered the rig to Abu Dhabi’s National Drilling Company (NDC) within budget and as scheduled. 


Teekay Tankers to Acquire 5 Tankers

Kevin Mackay, Chief Executive Officer of Teekay Tankers

   Teekay Tankers Ltd. announced that it will acquire four coated Aframax tankers and one uncoated Aframax tanker for an aggregate purchase price of approximately $230 million. The five vessels, which are expected to be delivered in the first quarter of 2015, were constructed in 2008


American Club Strengthens Asia Presence

Katherine Wang, who is well known in Asian P&I circles, has joined the American Club as assistant vice president and marketing manager for Greater China and Northern Asia.   In the first instance she will be stationed in the Hong Kong office of the club's managers, Shipowners Claims Bureau


Celebrity Cruises Orders 2 New Ships

Logo

  Celebrity Cruises has taken a bold step in ship design with the signing of a letter of intent for a new class of vessels, Royal Caribbean Cruises Ltd. and French shipbuilder STX France announced today. The two 2,900-guest, 117,000-gross-registered-ton ships


Founder Retires From Stolt-Nielsen BoD

Jacob Stolt-Nielsen

Stolt-Nielsen Limited has announced that Jacob Stolt-Nielsen, the visionary entrepreneur who founded the company in 1959, will retire from the SNL Board of Directors effective December 15, 2014, thus formally concluding his career at the company, 55 years to the date of its founding


TUI AG Eyes Timing on Hapag-Lloyd IPO

BERLIN, Dec 10 (Reuters) - TUI AG is optimistic it will be able to sell its stake in Hapag-Lloyd via an initial public offering of the shipping company, although the market environment is not the best at present, its chief executive said on Wednesday.


Gazprom, Siemens to Join Forces

Photo by Siemens

  Berlin hosted today a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Joe Kaesar, President and Chief Executive Officer of Siemens. The parties addressed the key issues of the joint activities pointing to the long history of the partnership


Chevron Takes Cummings on Board

Alexander B. Cummings Jr. Elected to Chevron Board of Directors

  Chevron Corporation informed that Alexander B. Cummings Jr. has been elected to Chevron's board of directors, and he will serve on the company's Audit Committee. John Watson, chairman of the board and chief executive officer of Chevron said, "Mr


SBM Offshore Cutting 1,200 Jobs Worldwide

Dutch oil platform leasing company SBM Offshore is cutting 1,200 jobs, or slightly more than 11 percent of its global workforce, as part of a cost-saving programme. The company, which settled a bribery case with Dutch prosecutors for a record $200 million payment last month


EnerMech Secures $53.4m Cranes Contracts

Photo courtesy of EnerMech

EnerMech has secured six new or renewed cranes and lifting contracts in the UK North Sea sector valued in excess of $53.4 million. The Aberdeen headquartered mechanical engineering group agreed extensions to contracts with Apache North Sea, Maersk Oil and Marathon Oil


Samref Wraps Yanbu Refinery Revamp

Saudi Aramco Mobil Refinery Company Limited

  Saudi Aramco Mobil Refinery Company Limited (SAMREF), a joint venture of Saudi Aramco and ExxonMobil, has completed construction of major desulfurization facilities, including a new hydrotreater, that dramatically cuts sulfur levels in gasoline and diesel.


Leighton to Sell John Holland

  Leighton Holdings today announced it had entered a binding agreement for the sale of John Holland to CCCC International Holding Limited (CCCI). CCCI is a wholly-owned subsidiary of China Communications Construction Company (CCCC), the fourth largest construction company in the world by


Servowatch Systems Equips KNRM Ship of the Year

Servowatch Systems has supplied an array of integrated technologies to the KNRM Nh1816 (Photo: Damen)

Servowatch Systems chief executive officer Wayne Ross has praised the Royal Netherlands Sea Rescue Institution (KNRM) for winning the KNVTS Ship of the Year Award for its new search and rescue boat, Nh1816. “We are proud to have been associated with this revolutionary vessel,” said Ross






 
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