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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


ABS Nautical Systems Realigns

Karen-Hughey3_web.jpg

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


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


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.


Remotec Awarded US Navy Repair Contract

northrop.jpg

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)


Viking Moorings Eyes GOM Market

Bill Bayliss, new Group Chief Executive at Viking Moorings.

 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


Can Oil & Gas Superpower Lead on Climate Change?

Reuters Global Climate Change Summit

  A day before President Barack Obama addressed the United Nations to declare the nation is "stepping up to the plate" to tackle climate change, nearly 400,000 protesters jammed New York City streets in a climate change march. Many held signs calling for an end to fracking.


Sea Level Rise ‘Worst Case Scenario’

Surge picture from November 9, 2007 (Image courtesy of NOC)

A paper published this week in Environmental Research Letters by NOC scientist Dr. Svetlana Jevrejeva provides new information about the probability of a sea-level rise reaching of 180cm by 2100. In this study Dr. Jevrejeva and colleagues explore the range of possible sea level rise by 2100


Goodwood Ship Management Set For Growth

Officers at the Goodwood Ship Management conference in Mumbai this week

Goodwood Ship Management, the Singapore based management company, is set to increase its fleet under management to more than 10 million deadweight tonnes, the company’s annual officers’ conference heard this week. Capt Ashok Sabnis, Goodwood Managing Director


Knightsbridge Tankers Changes Name to Knightsbridge Shipping

Knightsbridge Tankers Limited (Nasdaq:VLCCF) has announced that it changed its name to Knightsbridge Shipping Limited. Also, the company's web address has changed to http://www.knightsbridgeshipping.com. The company's shares will continue to trade on the NASDAQ stock market under the symbol


NOAA, NASA & BOEM to Monitor Biodiversity

U.S. Initiates Prototype System to Gauge National Marine Biodiversity.jpg

NOAA, NASA and the Department of the Interior's Bureau of Ocean Energy Management (BOEM) have joined together to support three demonstration projects that will lay the foundation for the first national network to monitor marine biodiversity at scales ranging from microbes to whales.


Osaka Gas Vessel Named "LNG Venus'

(From left) 2nd MOL President Koichi Muto, 3rd Osaka Gas President Hiroshi Ozaki, 5th MHI Executive Vice President Yoichi Kujirai

  Mitsui O.S.K. Lines, Ltd. President: Koichi Muto) today announced the naming ceremony of 'LNG Venus', a newbuilding liquefied natural gas (LNG) carrier held at the Nagasaki Shipyard of Mitsubishi Heavy Industries, Ltd. (MHI; President: Shunichi Miyanaga; Headquarters: Minato-ku, Tokyo)


Odyssey Marine Implements Management Changes

Mark D. Gordon

President Mark D. Gordon appointed CEO, Greg Stemm becomes chairman as the company prepares for several monetization events and shipwreck projects Odyssey Marine Exploration, Inc., an in the field of deep-ocean exploration, has implemented its planned management transitions that were announced


MOL Merges Group Companies; Upgrades Bridge Simulator

MOL Bridge Simulator after upgrade (Image: MOL)

MOL adds DPS and enhances safe operation by integrating expertise through merger Mitsui O.S.K. Lines, Ltd. (MOL) announced the merger of MOL Marine Consulting, Ltd. (MOLMC) and MOL Cable Ship Ltd. effective October 1, 2014. The new company, called MOL Marine Co., Ltd


Iran's Rouhani Says U.S. Ties Do Not Have to be Hostile Forever

Hassan Rouhani is the 7th President of Iran, in office since 2013.

  Iran's President Hassan Rouhani said on Friday that his country's ties with the United States do not have to be hostile forever and that "one day this will change." "It is not written in stone that the relationship between Iran and the U.S. must be hostile forever


Design’s Future 3D Modeling, Virtual Reality Wave of Design Future

CAD/CAM software can be used to analyze various sections of a vessel.  (Image: SSI)

Rooted in early computer-aided design (CAD) and manufacturing applications, design and construction software is firmly at the helm of most shipyards today, enabling the production of  better designed, more efficient and consistently built ships produced with measurably less waste: less waste


'Shipping at a Watershed' Says Industry Guru

Dr. Martin Stopford: Photo courtesy of ABB Generations 2014

An industry-wide lack of technical knowledge is limiting the uptake of new technology in shipping, says Dr. Martin Stopford, author of standard subject textbook 'Maritime Economics'. Now is the time to change this, he believes, in this article from ABB's 'Generations 2014' publication.


Damen Delivers Tug to Bremenports

Photo courtesy of Damen

Bremenports, the management company for the twin German ports of Bremen and Bremenhaven, took delivery of its first Damen-built vessel – a Stan Tug (Stu) 1606. Built to a proven design and delivered on time, the tug, named Albatros, will be mobilized primarily in assisting maintenance


Ban Welcomes Leonardo DiCaprio as UN Messenger of Peace

Pictured left to right United Nations Messenger of Peace, Leonardo DiCaprio and UN Secretary-General Ban Ki-moon. UN PhotoMark Garten

   As the eyes of the world turn to New York City, where thousands of people are expected to gather today for a massive march in advance of a United Nations climate summit, Secretary-General Ban Ki-moon yesterday welcomed UN Messenger of Peace, Leonardo DiCaprio


Livingston Appoint Candace Sider V-P Regulatory, Canada

Candace Sider: Photo Livingston

Customs brokerage and trade compliance advisors, Livingston, say that to better reflect the company’s integral role in regulatory affairs for its clients, Livingston has appointed Candace Sider to the newly created position of Vice President, Regulatory Affairs Canada.


Aiming to Make Less Fuel Go Further: Maersk Drilling

Maersk Viking: Photo credit Maersk Drilling

Maersk Drilling says it is engaged in an energy efficiency project for its newbuilds together with Maersk Maritime Technology. The project involves an Energy Management System (MSPS), which uses KWH meters and/or data from the Power Management Switchboard to capture real time consumption on-board






 
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