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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


New Managers for ULSTEIN Design and Innovation

Frode Sollid (Photo: ULSTEIN)

ULSTEIN has announced management changes within its design and innovation areas, naming Frode Sollid as development manager at Ulstein Design & Solutions AS and Bernt-Aage Ulstein is as its new design manager.   Sollid brings 30 years of experience developing solutions and designs for offshore vessels to the newly-established position as innovation and development manager at Ulstein Design & Solutions AS


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


ABS Nautical Systems Realigns

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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


Remotec Awarded US Navy Repair Contract

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The U.S. Navy has awarded Northrop Grumman Corporation subsidiary Remotec Inc. an $8.8 million contract to repair and upgrade 103 MK3 Series Remote Ordnance Neutralizations Systems (RONS), increasing the capabilities and availability of the explosive ordnance disposal robots.   The Naval Surface Warfare Center, Indian Head Explosive Ordnance Disposal Technology Division, Indian Head, Maryland, awarded Remotec a sole-source, indefinite delivery, indefinite quantity contract (IDIQ)


BSEE Issues Alert on DP System Failure

Dynamic positioning system failures on offshore supply vessels engage in oil and gas operations in the U.S. Outer Continental Shelf   The U.S. Bureau of Safety and Environmental Enforcement (BSEE) has issued a Joint Safety Alert addressing a dynamic positioning (DP) incident involving an


New Satcom Solution from Harris CapRock

Harris CapRock Communications has launched Harris CapRock One, a unified, fully managed satellite, wireless and terrestrial connectivity service designed to reduce customers’ voice, data and equipment management costs.   Harris CapRock One is an integrated end-to-end service that


North Korea Reflags Ships to Evade Sanctions

North Korean leader Kim Jong-Un (Pic: Democratic Peoples Republic of Korea)

 A North Korea shipping company has been renaming and reflagging its vessels so it can evade an arms embargo, a UN report has said.   The effort by Pyongyang-headquartered Ocean Maritime Management Company, Ltd. is detailed in the report by a panel of experts that monitors sanctions on


Britain Should Appoint Ambassador to the Arctic

The Arctic is changing rapidly (Image by The Arctic Council)

 The House of Lords Arctic Committee urged that UK should follow the example set by France, Singapore and Japan and appoint an Ambassador for the Arctic.   The committee of lawmakers from Britain's upper house blamed UK's feeble approach to promoting country's interests and warned


Progress in China-Japan Maritime Talks

Pic by Chinese Defense Ministry

China and Japan have agreed to launch a maritime and aerial crisis management mechanism as soon as possible. The Chinese Defense Ministry announced that some progress was made in the 4th round of expert group discussion on maritime liaison mechanism held by both countries.


Gazprom, OMV Ink Additional Deal

Vienna, Austria

  Vienna hosted today the signing of an Addendum to the existing contract for gas supply to Austria between Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee and Gerhard Roiss, Chief Executive Officer of OMV. The document is to adjust the contract terms and conditions


Shippers Must Monitor Greek Government Changes

Michael Kotsapas (photo: Moore Stephens)

Moore Stephens says shipping must monitor developments in wake of Greek government change   International accountant and shipping adviser Moore Stephens says it is too soon to say whether the Syriza party’s victory in the country’s elections could, as some fear


Papua LNG Carrier Delivered

LNG carrier Papua

  Mitsui O.S.K. Lines, Ltd., today announced the delivery of the LNG carrier Papua by Hudong-Zhonghua Shipbuilding (Group) Co., Ltd. (Hudong) on January 30. The Papua is the first in a series of four ships to be built by Hudong to provide LNG transportation for the PNG LNG project in Papua


Harley Marine Installs Media Wall in Communications Center

Communication-Center

  Harley Marine Services recently installed an 8 by 6 meter industrial grade LCD screen in the communication center at the new Harley and Lela Franco Maritime Center in Seattle, WA. This state-of-the-art media wall provides a direct portal for Harley Marine’s consolidated dispatch team


China Shipping Group under Investigation for Corruption

Image: China State Shipbuilding Corporation

 China’s central government anti-corruption team carried out an investigation which determined that the state-backed shipbuilding giant China State Shipbuilding Corporation (CSSC) has took part in several corruption activities. 


Royal Caribbean Deploys ElevenOS on Entire Fleet

Photo courtesy of Eleven

Royal Caribbean International has selected ElevenOS as the guest Internet management platform for its entire fleet of cruise ships, and has completed deployment of ElevenOS on all 22 ships at the end of 2014, including smartship Quantum of the Seas


CAE Gains Approval for BRM and ERM Training

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The Norwegian Maritime Authority (Sjøfartsdirektoratet)  granted approval to the CAE Oslo training center to conduct Bridge Resource Management (BRM) and Engine Resource Management (ERM) training. The training courses are designed to address human behaviour and attitudes which can


Organisational Restructuring at VSS

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In order to remain competitive and reduce costs, the management of Viking Supply Ships A/S (VSS) has decided to close down the Aberdeen office with effect from 1 July 2015. The Aberdeen office has operated the Viking PSV fleet and the organisational change is a direct result of the current


Five More Tankers under Crowley Management

Photo: Arya Tankers

Crowley Accord Management Pvt. Ltd., the international ship management venture managed globally by Crowley Maritime Corp.’s ship management group, was awarded full technical management contracts for five new tankers. These tankers will be joined in the coming weeks by three more


Driving Operational Change with Data-driven Analytics

Photo: Eniram

Reducing costs and improving performance   Real-time reporting and data analysis are key tools to understanding and improving complex operating environments of today’s companies where the overall effects of any individual action can be very difficult to identify without a proper tool






 
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