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)
Austal Limited has been awarded a not-to-exceed $9,937,228 modification to a previously awarded Littoral Combat Ship (LCS) contract to provide procurement and engineering efforts in support of scope changes on fiscal 2015 and fiscal 2016 ships.
Aiming to provide niche control over managed/owned vessels, Indian maritime based software provider Orion Marine Concepts has released a strategic intelligence software suite approved by DNV GL. Orion Marine along with Chembulk Tankers
According to the NGO Shipbreaking Platform 239 end-of-life ships were sold for breaking in the first quarter of 2016. Seventy-nine per cent of end-of-life ships ended up on South Asian beaches, making this quarter one of the worst ones in the last years for non-beaching yards around the world.
One of the first three women in Africa to obtain a Marine Pilot open license in 2011, Pinky Zungu has again made history with her appointment as Transnet National Ports Authority’s first black female Deputy Harbor Master – Nautical for the Port of Durban.
BMT Isis, a subsidiary of international design, engineering and risk management consultancy BMT Group, has announced a name change effective immediately; the company will now take the name BMT Cadence. “Given recent global events
Ballast water management experts, meeting at the recent IMO-GloBallast R&D Forum in Canada, have showcased the latest developments in ballast water management and highlighted the areas where further research is needed, in order to prevent the spread of potentially harmful species in ballast
Navig8 Chemical Tankers has signed sale and leaseback agreements with China's Bank of Communications Financial Leasing (BCFL) for a quartet of medium range tankers. The for four 49,000 DWT Interline coated medium range tankers being built at STX Offshore & Shipbuilding Co
Bluetide Communications’ Access Management Portal (AMP) application for wireless network management is changing the way workboat operators manage data, crew and costs. Thousands of miles, and weeks or months out at sea, the next best thing to physically being there
CargoSmart Offers Free SOLAS VGM Solutions Flexible, integrated platform allows shippers to manage the VGM submission process CargoSmart Limited, a global shipment management software solutions provider that leverages big data for greater visibility and benchmarking
Largest contract to date for Inmarsat’s Fleet Xpress paves the way for ‘smart shipping’ for Nanjing Tanker Corporation, with installation of Cobham’s SAILOR 60 GX and SAILOR 100 GX antenna systems across 70 ships
ClassNK Consulting Service’s software solutions ClassNK CMAXS PMS and ClassNK CMAXS SPICS have just been installed on two ships managed by Manila-based Rosy Star Ocean Vessels Management Co., Inc., marking the first adoption by clients outside of Japan.
Guidance Notes and Guide provide information for choosing monitoring techniques and insights for achieving classification. ABS has published two documents to help industry with condition monitoring. The new ABS Guidance Notes on Condition Monitoring Techniques helps owners choose appropriate
ABS has published two documents to help industry with condition monitoring. The new ABS Guidance Notes on Condition Monitoring Techniques helps owners choose appropriate monitoring techniques, and the ABS Guide for Surveys Based on Machinery Reliability and Maintenance Techniques provides updated
Inmarsat (LSE:ISAT.L), and Cobham SATCOM today announced that their partner Beijing Marine Communication & Navigation Company Ltd. (MCN) has won the largest Inmarsat Fleet Xpress installation project to date, with Nanjing Tanker Corporation of China
V.Ships Offshore, part of V.Group has been awarded a ship management contract by Fortress Transportation and Infrastructure Investors LLC to provide full technical and crew management services for an advanced SURF/IMR vessel. The ship management services will be delivered from our newly