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General Meeting

Aker Philadelphia Shipyard : Buyback Program of Own Shares

 Aker Philadelphia Shipyard

The Board of Directors of Aker Philadelphia Shipyard ASA has resolved to initiate a buyback program for up to 10% of the Company's share capital. The decision reflects the Company's focus on maximizing shareholder returns over time, its strong financial position, its confidence in its ability to deliver on its operational commitments, and a reflection of the opportunities it sees to further develop its shipping investments. The buyback program will be continuously evaluated to maximize its value to the Company's shareholders, including price at which buybacks are executed. The buyback program will be conducted in accordance with the authorization granted to the Board of Directors by the Annual General Meeting on 9 April 2014. The buyback will be executed at prevailing market prices on the Oslo Stock Exchange. The buyback program will take effect on 21 July 2014 and terminate by the Annual General Meeting in 2015, but no later than 30 June 2015. The Company has entered into an agreement with Pareto Securities AS to carry out the repurchase of the shares on behalf of the Company and within the framework set by the Company with regard to amount, price and timeframe.

Rolls-Royce Holdings' Voting Rights and Capital

  In accordance with DTR 5.6.1 of the FCA's Disclosure and Transparency Rules (DTR), the Company is required to notify the market of its total number of voting rights and capital as at the end of each calendar month.   The issued share capital of the Company is comprised of the following:- 1,886,395,243 ordinary shares of 20p each with voting rights. 1 Special Rights non-voting share of £1 with no voting rights.

Golden Ocean, Knightsbridge Set for Merger

Pic by Knightsbridge Shipping Limited

 Dry bulk shipping companies Golden Ocean Group Limited (GOGL) and the listed dry bulk shipping company in John Fredriksen's business empire Knightsbridge Shipping have chosen March 26 to hold a special general meeting and finalize the merger talks.   If the shareholders approve the plan, the companies expect to conclude the merger by the end of March 2015, subject to the execution of certain definitive documents, customary closing conditions and regulatory approvals.  

Poulsson Appointed ICS Vice Chairman

Esben Poulsson

Singapore Shipping Association Honorary Secretary and International Committee Chairman Esben Poulsson has been elected as a Vice Chairman of the International Chamber of Shipping (ICS). His election took place at the ICS’s recent Annual General Meeting in Oslo. He joins three other Vice Chairmen for 2013-2015: John C Lyras (Greece), Karin Orsel (Netherlands) and Gerardo Borromeo (Philippines). The SSA is an active member of the ICS and Mr

Ferry Guru joins Carus Board

At Carus' Annual General Meeting of Shareholders on the 29th of April, Ove Johan Solem was appointed Non-Executive Director of the Board. Ove has 30 years of experience in shipping and offshore industries. He was MD of Fjord Line and Executive VP of Color Line before changing direction to bring his knowledge to the offshore industry. Most recently Ove has held senior management and board positions within the First Olsen group of companies. He holds an MBA in International Shipping.

Huat Retires as Non-Ex Dir. of ST Engineering

Quek Poh Huat

  Singapore Technologies Engineering Ltd (ST Engineering) today announced the retirement of Mr Quek Poh Huat as non-executive Director of the Company at its Annual General Meeting on 23 April 2015.  Mr Quek has decided not to seek re-election. The Board of Directors wishes to thank Mr Quek for his commitment and invaluable contributions to the Board and the board committees over the past 13 years since 2002

Greece's Dryships AGM Appoints Directors, Auditors

DryShips Inc. (NASDAQ:DRYS) provider of marine transportation services for drybulk and petroleum cargoes, and through its majority owned subsidiary, Ocean Rig UDW Inc., of off-shore deepwater drilling services, announce the results of its 2013 Annual General Meeting of Shareholders. The following proposals were approved and adopted at the AGM: 1. The election of Ms. Chryssoula Kandylidis and Mr. George Demathas as Class C Directors to serve until the 2016 Annual General Meeting of

Shareholders Approve Transocean Merger

At its extraordinary general meeting held Dec. 12, 2000 in Houston, Texas, holders of ordinary shares of Transocean Sedco Forex Inc. approved all proposals presented at the meeting, including those relating to the company's pending merger transaction with R&B Falcon Corporation. Shareholders approved an increase in authorized ordinary share capital, the issuance of ordinary shares in the merger, anincrease in the maximum size of the company's board of directors to 13 persons and an increase

Golar 2010 AGM Results

Golar LNG Limited advised that the 2010 Annual General Meeting of the company was held on September 24, 2010 at 10:30 a.m. at the Elbow Beach Hotel, 60 South Shore Road, Paget PG04, Bermuda.  The following resolutions were passed:   1) To re-elect John Fredriksen as a Director of the company. 2) To re-elect Kate Blankenship as a Director of the company. 3) To re-elect Hans Petter Aas as a Director of the company. 4) To re-elect Kathrine Fredriksen as a Director of the company.

China Shipping Devt Orders Dry Bulk Carriers, VLOC

China Shipping Development Ltd said it will pay more than $800m for 10 dry bulk carriers and four very large ore carriers. It said the dry bulk carriers were ordered from subsidiaries of its parent, China Shipping (Group) Co. Six carriers of 57,300 dead weight tons and four of 57,000 DWT will be delivered by June 2012 at the latest, the company said. They will be used to transport coal and other bulk cargo. The purchase is subject to approval by independent shareholders of China

Cole Appointed Beach Energy's Non-Executive Director

Robert Cole

  Beach Energy Limited announced that Mr Robert Cole will, on cessation of his employment with Beach on 14 October 2015, continue as a non-executive director of the company. Mr Cole will nominate for re-election as a non-executive director at the 2015 annual general meeting.

Changes on BHP Billiton Board

BHP Billiton Chairman, Jac Nasser,

  BHP Billiton Chairman, Jac Nasser, today announced a number of changes to the BHP Billiton Board of Directors. Anita Frew has been appointed to the BHP Billiton Board as an independent Non-executive Director, effective as of 15 September 2015.

Kinder Morgan Buys Four Newbuilding Resales

Photo Aker Philadelphia Shipyard

  Kinder Morgan, Inc. is expanding its growing fleet of Jones Act product tankers having signed a definitive agreement valued at an all-in price of $568 million with Philly Tankers LLC to take assignment of contracts for the construction of four, new 50,000-deadweight-ton

Anderson Appointed Chairman of Lerwick Port

Brian Anderson - Chairman

  Brian Anderson has been appointed Chairman of Lerwick Port Authority at the board’s Annual General Meeting in July.  Formerly Deputy Chairman, Brian succeeds the late Harry Jamieson who was Chairman for the past four years until his untimely death in June Ronnie Gair has

WISTA-Sri Lanka Celebrates 1st Anniversary


  WISTA International Board Member and INDIA President Ms.Sanjam Sahi Gupta attended the first Annual General Meeting (AGM) of WISTA Sri Lanka that was held on 22nd of July 2015 .The event was graced by government heads such as the Hon. Minister of Shipping and Aviation Mr

Braskem to Get New Chairman

Marcelo Bahia Odebrecht is Chief Executive Officer of Odebrecht S.A

  Brazilian petrochemical firm Braskem SA said on Friday it will hold a general meeting on Aug. 4 to appoint a new chairman, after its current chairman was arrested for alleged involvement in a corruption scheme. The new chairman will be Newton de Souza

Kværner ASA in Board Changes

Trine Sæther Romuld, Director

Trine Sæther Romuld has informed Kværner ASA that she resigns from her position as non-executive Director and Chair of the Board's Audit Committee of the Company with immediate effect. This is due to change in employment to a position without opportunity to hold directorships.

GE Shipping to Raise Funds via NCD

Pic: Great Eastern Shipping Company

 Great Eastern Shipping Company (GE Shipping), India’s largest private shipping company, is planning to raise up to Rs 500 crore ($79 million) through non-convertible debentures (NCDs) on a private placement basis, says PTI.  

Aker Philadelphia Shipyard is Philly Shipyard Now

Photo by Aker Philadelphia Shipyard Inc

 Aker Philadelphia Shipyard ASA announces its plan to change its name to Philly Shipyard ASA, pending an upcoming shareholder vote at an extraordinary general meeting expected to take place in October 2015. Aker Philadelphia Shipyard, Inc

Dittmann Named Chairman of SEA Europe

Kjeld Dittmann (Photo: SEA Europe)

Kjeld Dittmann, the Managing Director of Lyngsø Marine A/S, is the new Chairman of the European Ships and Maritime Equipment Association (SEA Europe).    He succeeds Govert Hamers, CEO of Vanderlande Industries in the Netherlands, who has completed his term as Chairman. 

WISTA USA Hosts 2015 AGM & Conference

Photo: WISTA

This year's WISTA USA Annual General Meeting (AGM) brought together more than 120 maritime industry professionals from across the United States and around the world.    Declared a major success by WISTA USA president, Alexandra Anagnostis-Irons (president, Total Marine Solutions)

Philippe Louis-Dreyfus Elected Head of BIMCO

Philippe Louis-Dreyfus. Photo: BIMCO

 Philippe Louis-Dreyfus will be BIMCO's new president for the next two years. In his accession speech at BIMCO’s AGM in Edinburgh, new President Philippe Louis-Dreyfus described BIMCO as “the global association that should be closest to the commercial realities of shipping business

Vassenden Wins WISTA LeaderShip Award

Eli Vassenden (Photo: WISTA)

Eli Vassenden, COO Ship Management in Grieg Star, has been awarded the WISTA LeaderShip Award 2015 by WISTA Norway as recognition of her contribution the maritime industry, her competency and leadership skills within the traditionally male dominated role of COO

ICS Publishes Annual Review

Image: ICS

The International Chamber of Shipping (ICS) has published its Annual Review of maritime policy developments in advance of its Annual General Meeting and to coincide with this week’s meeting of the IMO Maritime Safety Committee.   

U.S. Senators Urge Obama to Block Arctic Oil Drilling

The Arctic is estimated to hold the worlds largest remaining untapped gas reserves  Photo WWF

  A group of 18 mostly Democratic U.S. senators on Friday urged the Obama administration to stop Royal Dutch Shell's preparations for oil exploration in the Arctic, saying the region has a severely limited capacity to respond to accidents.

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