Management Change
NOL Shares Soar On Management Change News
Shares of shipping and logistics group Neptune Orient Lines Ltd. (NOL) surged almost 10% on optimism over recent management changes, dealers said on Tuesday. Late September, NOL said it had hired more senior executives from Sea-Land Services as senior officals for its container transportation arm, APL. The move were seen as positive and reinforced the shipping group's commitment to grow its European and North American presence. Flemming Jacobs is NOL's new chief executive officer.
ConocoPhillips Makes Senior Management Change
ConocoPhillips announced that Stephen R. Brand, currently vice president, exploration and business development, Exploration and Production, will become senior vice president, Technology, effective October 1, 2007. Brand will report to Jim Mulva, chairman and chief executive officer.
NOL Management Changes Causes Shares Rally
Shares of shipping and logistics group Neptune Orient Lines Ltd. (NOL) surged almost 10 percent last Tuesday on optimism over recent management changes, dealers said. "We are buying on the back of increasing confidence in the market, higher assurance that the Fed will not be doing anything drastic and hope that NOL's new management would bring positive changes," said one dealer. In late September, NOL announced the hiring of more senior executives from Sea-Land Services as senior officials
Ballast Water Management Changes Proposed
The California State Lands Commission (SLC) issued a Notice of Proposed Regulatory Action relating to management of ballast water on ships of 300 gross registered tons or more arriving in California after having taken on ballast water from places within the Pacific Coast Region. The Pacific Coast Region is defined as coastal waters on the Pacific Coast of North America east of 154°W longitude and north of 25°N latitude, exclusive of the Gulf of California
Management Change in Aker Yards
Mr Leif Borge, CFO, has accepted a position as CFO in Aker Kvaerner ASA and will for that reason leave Aker Yards at the end of his notice period. Recruitment of his successor has been initiated. Mr Borge has been CFO of Aker Yards since 2002. Mr Julin says in a comment: "I would like to take this opportunity to thank Mr Borge for the excellent work he has put down for Aker Yards so far. He has been instrumental in developing the company into its current form
ABS Nautical Systems Realigns
ABS Nautical Systems (NS), a division of ABS, a classification society, announced a series of senior management changes and established a new client-centered operational structure to strengthen its portfolio of fleet management software services for the marine and offshore industries. Karen Hughey, who joined NS in January as Senior Vice President, has been appointed President and Chief Operating Officer, replacing Jack Kitchura who has retired after leading Nautical Systems for the past
Coflexip Stena Offshore Makes Management Changes
Pierre Marie Valentin, Chairman and Chief Executive Officer of Coflexip announced that the management structure of the CSO Group has been changed to reinforce its position as a worldwide leader in providing offshore solutions in deepwater. On this occasion, a new Executive Committee has been nominated. The new CSO Group management structure was implemented as of June 26, 2001 incorporates the know-how of the Group's various parts including those recently acquired in the CSO Aker Maritime
Fredriksen Ups Osprey Offering
Norway's John Fredriksen raised his offer price for Singapore's Osprey Maritime by 12.5 percent in a move seen likely to result in a management change and possible de-listing of the group. Fredriksen, through his privately held World Shipholding Ltd., lifted his offer from S$1.00 to S$1.125 per share for the 38.85 percent of the tanker group he does not already own. Osprey shares ended up 11 percent at S$1.11 after hitting a high of S$1.16. Volume was thin at 660,000 shares.
Management Changes at North of England P&I Club’s Greek Office
Tony Allen has taken over the management of the North of England P&I club's successful Greek office. He replaces Mike Salthouse, who set up the office three years ago and has now returned to the club's headquarters in Newcastle upon Tyne, England as a Greek area director. Allen (42) started work in the Greek office last year. He formerly worked in Piraeus on P&I and FD&D matters with international maritime law firm Norton Rose before moving to the North of England in 1998
Viking Moorings Eyes GOM Market
Viking Moorings CEO Discusses 2012 Strategy Viking Moorings announced the appointment of Bill Bayliss as Group Chief Executive, heralding a significant restructuring of the company, which involved the co-existing shareholders. Bayliss, who is based at the company’s Aberdeen operations center, has been charged with implementing a series of management changes and growing the company through additional service provision and international expansion in 2012 and beyond
DNV Supports Drydock Free Operation of Mobile Offshore Units
Moving MOUs to sheltered waters or drydock facilities for surveys is disruptive and expensive. Using the experience gained from several years of dealing with floating production units and surveying drilling units on location, DNV is now preparing a Recommended Practice (RP) to allow mobile
SHIPPINGInsight 2013 Agenda Published
The SHIPPINGInsight producers announced that the agenda for the 2013 Fleet Optimization Conference has been finalized. Now in its second year, the 2013 SHIPPINGInsight Conference addresses the challenges, solutions, technologies and best practices for improving efficiency in ship and
WSS Appoints Romanet GM for Belgium
Wilhelmsen Ships Service (WSS) appointed Romaine Romanet as new General Manager for Belgium. Ms. Romanet brings many years’ experience from a number of multinational businesses in the areas of operation, finance, business development, change project management and people development.
By the Numbers: Subchapter M Statistics
The Coast Guard and Maritime Transportation Act of 2004 (Aug. 9, 2004), established new authorities for towing vessels. Out of that came a proposed regulatory scheme requiring towing vessels to become inspected vessels and obtain a Certificate of Inspection (COI)
WCI Executives Endorse Senate Waterway Bills
Waterways Council, Inc.’s (WCI) Executive Committee has endorsed two Senate waterways bills introduced by Senator Dick Durbin (D-IL): “Mississippi River Navigation Sustainment Act” (S. 565) and “Water Infrastructure Now Public-Private Partnership Act” (WIN P3) (S
Signal Demands Arbitration on GLDD Design Modifications
Signal International, Inc., announced that work toward the design of an Articulated Tug/Barge Hopper Dredge for Great Lakes Dredge and Dock (GLDD) has been discontinued. Signal and GLDD entered into a contract for both the design and build of an AT/B Hopper Dredge in August 2012
UASC Announces Expansion Plans
UASC announced two senior executive appointments to further position the company for its next phase of growth. The major transformation and investment program which is underway, calls for a new operating model to support the business. The appointments provide the depth and breadth to UASC’s
Keeping Marine Projects Afloat
Plan, Manage, Track, Connect, Anytime, Anywhere Today’s marine and offshore industry faces increasing challenges: the need to work faster on more complex marine products with an extended supply chain in a very competitive environment; to deliver on-time information to customers on the
UASC Poised for Expansion, Appoints New Executives
The United Arab Shipping Company (UASC) announce two senior executive appointments to further position the company for its next phase of growth. The company says its major transformation and investment program which is underway, calls for a new operating model to support the business
GE Unveils Marine Application Solutions at OTC
Improved performance, efficiency and sustainability all figure strongly in the new solutions that GE’s Power Conversion business is unveiling at OTC 2013, the Offshore Technology Conference taking place in Houston, Texas, on May 6-9.
Wiernicki Named ABS Chairman
ABS announced a change in leadership with the election of Christopher J. Wiernicki, currently President and Chief Executive Officer of ABS, to the position of Chairman of ABS. This decision was made by the ABS Board of Directors, who voted at their April meeting to transfer the additional duties
GE Partners with the Shanghai Maritime University
GE signed an agreement with Shanghai Maritime University (SMU) to help improve the capabilities of the shipping engineering community in China by providing laboratory facilities and cooperating on research and innovation projects. SMU is a multidisciplinary university that encompasses such
U.S. 2013 Economic Growth to Continue Say Logisticians
The Business Survey Committee of the Institute for Supply Management™ (ISM) forecast is bullish for the rest of 2013. Economic growth is expected to continue in the United States throughout the remainder of 2013, say the nation's purchasing and supply executives in their spring 2013
Solace Called Upon to Address Industry Standards
Solace Global Maritime, a private maritime security company, has been seconded as an industry expert from SME32 Ships and Maritime U.K. Committee to advise the QS1 Quality Committee on proposed changes to the international management standard, BS EN ISO9001.
BMT Restructures Marine Survey Businesses
To better position itself in the market and meet customers’ needs of regional expertise accessible through local offices, BMT Group Ltd (BMT) has announced that marine surveying companies BMT De Beer and BMT Techmar became BMT Surveys on the May 1, 2013.