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Management Changes

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

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

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


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


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)

Wärtsilä Debuts Package for hydropower & industrial plant

Wärtsilä Hydro & Industrial services - Keeping the power flowing

  Wärtsilä Corporation, a global leader in complete lifecycle power solutions for the marine and energy markets, expands into a new market segment, offering a comprehensive package of seals, bearings and associated solutions to hydropower installations and industrial plants

Get Started! Benefits, Advice Abound for SMS Laggards

When industry players say “the handwriting is on the wall,” they aren’t just talking about the pending Subchapter M regulations, but also about the already existing demand for safety management systems (SMS) in general for the domestic towing industry. While the U.S

New Class Rules Favor Seawater Lubricated Props

Thordon Bearings’ seawater-lubricated propeller shaft bearing system meets classification society rules for extended shaft withdrawal periods (Image: Thordon Bearings)

Classification societies are changing their monitoring rules for seawater-lubricated propeller shafts in line with the rules governing the inspection and withdrawal of oil-lubricated stern tube systems.   China Classification Society (CCS), for example

Moody's Changes Hapag-Lloyd to Positive

Photo: Hapag-Lloyd

 Moody’s Investors Service (Moody’s) changed the rating for German Container shipping company Hapag-Lloyd to positive from stable, thanks to cheaper fuel.   According to  Moody’s the outlook on the B2 corporate family rating (CFR)

IMO Only Place for Global Debate on Shipping CO2

Photo: International Maritime Organization (IMO)

 As world leaders prepare for key negotiations on climate change in Bonn and Paris later this year, IMO Secretary General Koji Sekimizu has issued a strong call for any discussion on shipping’s contribution to global CO2 emissions to be held at IMO.  

BSM to Manage 6 Maersk Line Box Ships

Photo: Maersk Line

Bernhard Schulte Shipmanagement (BSM) announced that it will take over full management of six containerships on behalf of Maersk Line A/S. Presently managed in-house by Maersk, the six vessels ranging in size from 2,500 to 11,000 TEU. Over the next five years

Besselink of Royal HaskoningDHV Quits

Piet W. Besselink

  Mr Piet Besselink, Executive Board Member of international engineering and project management consultancy Royal HaskoningDHV, has decided to step down by the end of the year. This change was announced by the company’s Supervisory Board.  

India Drops Plan to Give More Autonomy to State-run Ports

India will change existing laws governing ports to make them more profitable and efficient, the shipping minister said on Wednesday, putting on hold a plan to turn them into corporate entities under pressure from trade unions and political parties.

Shipping Delivering Real CO2 Reduction

ICS Secretary General, Peter Hinchliffe

  In advance of the United Nations Climate Change Conference in December, the global shipping industry, as represented by the International Chamber of Shipping (ICS), has launched some key messages to government negotiators, explaining the impressive progress the industry is making to reduce

New FORAN Update from SENER

SENER Ingeniería y Sistemas SA launched a new version of its marine CAD/CAM system, the FORAN V80.   The new version is fully compatible with the previous ones and includes improvements in all of its modules. The main upgrades come from the initial and basic project stages

Wah Kwong Adopts ShipManager

The signing ceremony. (DNV GL)

Wah Kwong Ship Management (HK) Limited will adopt DNV GL's ShipManager integrated fleet management software suite to further improve operational efficiency, data transparency and safety reporting.   Wah Kwong is a provider of maritime transport in the bulk carrier, tanker and LPG segments

Pressure on Earnings in Container Shipping Industry

Photo: Maersk Line

 The low demand on the high volume trade lanes is surely increasing the pressure on earnings which is already felt in the container shipping industry.   This was one of the views that, BIMCO’s Chief Shipping Analyst, Peter Sand shared with the participants at the Maritime Cyprus

Wah Kwong Acquires DNV GL's ShipManager

Wah Kwong Ship Management and DNV GL - Signing ceremony

  Wah Kwong Ship Management (HK) Limited will adopt DNV GL’s ShipManager integrated fleet management software suite to further improve operational efficiency, data transparency and safety reporting. Wah Kwong is a leading provider of maritime transport in the bulk carrier

Low Containership Demand: A Manageable Challenge?

Photo: Maersk Line

Is the lack of demand for containerships a manageable challenge?   The low demand on the high volume trade lanes is increasing the pressure on earnings which is already felt in the container shipping industry, says shipping association BIMCO.  

Security in the Indian Ocean Fragile -MAST

The security situation in the Indian Ocean could quickly change for the worse, according to maritime security company MAST.   Gerry Northwood OBE, COO of MAST, said, “For commercial shipping, the Indian Ocean is arguably the safest ocean on the planet

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