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 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.
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
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
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
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
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.
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 (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
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)
NOAA Fisheries and the U.S. Fish and Wildlife Service proposed today to reclassify the green sea turtle under the Endangered Species Act, and list turtles originating from two breeding populations currently considered endangered as threatened due to improvements in their populations.
Digital Boat Profile and Customer Service Portal Gives Cutting Edge Options for Vessel Management to Boat Owners Palm Beach Gardens, Fla. VesselVanguard, infomred today a new relationship with Chris-Craft to provide a two-year subscription for its award-winning maintenance management
At a time when the global shipping industry is going through an unprecedented and extended downturn, the overriding challenge is to stay afloat and wait for the tide to turn. Viewed from the HR perspective, while companies need the competencies and skillsets to stay afloat during the rough
China's state-backed shipbuilding giants said they have not received any merger-related information from authorities, after an executive swap between the firms sparked a market rally in their shares. The pair are the latest state firms to see merger rumours trigger jumps in their share prices
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
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
Eniram Limited, the Finnish provider of energy management technology and data analytic services to the shipping industry, announced that it is releasing an onboard and onshore Boil-off Management Tool designed for LNG carriers. Eniram’s Boil-off Management Tool enables
This year’s IAPH World Ports Conference will be held in Hamburg from June 1-5. International representatives from business, politics and science will gather in Hamburg to debate changing demands and alternative actions required in our times of globalization and climate change
SpecTec will work with long term partner Mercy Ships to migrate its current system Business Suite to AMOS Enterprise Management Suite (EMS). Mercy Ships’ Africa Mercy, the world’s largest hospital ship, will now receive a brand new update of the latest version of AMOS EMS
Singapore Technologies Engineering Ltd today announced that Mr Ravinder Singh will replace Mr Sew Chee Jhuen as President of Singapore Technologies Kinetics Ltd (ST Kinetics). Mr Sew will take on a new role as President for Special Projects at ST Engineering
Maritime design, engineering and risk management consultancy BMT Group Ltd. has agreed to purchase Navegação e Controle Indústria e Comércio Ltda (NavCon), a Brazilian specialist in monitoring systems for the offshore oil and gas industry.
By Alexandra Ulmer and Marianna Parraga CARACAS/HOUSTON, March 13 (Reuters) - A subtle change in office attire may be the most telling symbol of a quiet revolution taking place inside Venezuela's troubled economic engine, giant oil firm PDVSA.
DNV GL is will launch a hull and propeller performance analytics module as part of the new fleet performance management service ECO Insight. The module is based on computational fluid dynamics (CFD) methods to correct for changing operational conditions and produces much more accurate results than
Speaking during Baltic Transport Week in Gdansk this week Andrew Huxley, Development Director at freight transport insurance specialist TT Club, warned port and terminal operators to be aware of the reputational damage that can be a serious consequence of uninsured incidents resulting from
A massive one kilometre-wide iceberg has forced the Volvo Ocean Race to change the positioning of their ice gates to keep the fleet clear of trouble in the Southern Ocean on Leg 5 from New Zealand to Brazil, says a Reuters report.