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
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
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
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.
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
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
International service contractor Sureclean has been recognized for its commitment to people development after introducing new employee training programs, accredited by the Chartered Management Institute. The training, which is provided by Highlands based training company Helcat
TT Club, established to fill a gap in insurance as the freight container revolutionized trade, celebrates 45 years dedicated service to the transport and logistics sector. In 1956, the first strengthened containers were loaded onto a spar deck of the converted tanker, Ideal X
Huntington Ingalls Industries announced that Don Perkins has been named vice president of contracts and pricing for the company's Ingalls Shipbuilding division. Operationally, Perkins' organization is responsible for contract administration, proposal formulation, estimating, pricing
Several years ago, when the IMO declared that resource management training would be given high priority in the revision of the STCW, The Swedish Club Academy was hopeful that a worldwide mandatory application of resource management would be the key factor in significantly reducing the frequency of
At Carus' Annual General Meeting of Shareholders on the 29th of April, Ove Johan Solem was appointed Non-Executive Director of the Board. Ove has 30 years of experience in shipping and offshore industries. He was MD of Fjord Line and Executive VP of Color Line before changing direction to
Greek shipowners must now pay tonnage tax on ships operating under flags other than the Greek flag which are managed by companies based in Greece, or offshore companies which have a branch in Greece, operating under Law 89 of the Greek constitution.
The offshore vessel operator and builder, held its first ever officers’ conference in India, to be followed by similar gatherings in other countries. The inaugural event, at the Hyatt Hotel in New Delhi, was attended by more than 100 Merchant Navy officers and their spouses along with
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)
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.
PEM Offshore Limited signed a multi-million dollar contract with Kongsberg Maritime for the supply of a full suite of Offshore Anchor Handling, Dynamic Positioning, Power Management and Crane Simulation systems. The new simulators will form the main infrastructure for a world-class offshore
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
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
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.
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.
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