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)
From January 2018 the International Marine Contractors Association’s (IMCA) will recognize only formal inspection reports conducted using its eCMID database, meaning that paper reports not uploaded into the database will no longer be considered by IMCA to be authorized inspection reports
On Tuesday, January 3, 2017, the Port of Palm Beach Board of Commissioners elected its new Chairman, Blair J. Ciklin, the longest serving Port Commissioner in the United States having completed his 38th year as a Port of Palm Beach District Commissioner in 2016.
Class-leading OESV operator invests in personnel and moves into new Isle of Wight HQ as it prepares for ramp-up in offshore wind construction 9th January 2017, Isle of Wight – Class-leading offshore energy service vessel (OESV) operator, Seacat Services
The speaker line-up at the next annual Transas Global Conference confirms that the innovative digital solutions company is catching the mood at the cutting edge of vessel operations by suggesting that, properly harnessed, operations and technology can transform maritime safety as well as efficiency
BMT Asset Performance, a subsidiary of BMT Group, has been launched following the recent decision to merge BMT Cadence which delivers safety and environmental risk management services and BMT Reliability Consultants which focusses on reliability and supportability engineering.
Hamburg headquartered international ship operator NSC-Group has chosen Marlink to move its fleet of about 60 vessels to high bandwidth maritime VSAT. NSC-Group has chosen a 10GB data allowance per month per ship on Marlink’s Sealink VSAT
Hongkong International Terminals Limited (HIT), COSCO-HIT Terminals (Hong Kong) Limited (CHT), and Asia Container Terminals Limited (ACT) have entered into a formal collaboration for the co-management and operation of 16 berths across Terminals 4, 6, 7, 8 and 9 at Kwai Tsing, New Territories
Following the previous announcement that Jim Umpleby will become Caterpillar’s Chief Executive Officer on January 1, 2017, Caterpillar Inc. announced today additional changes in its executive ranks. The company’s Board of Directors has appointed current Construction Industries
A report from the Washington Post described how high Arctic temperatures had risen by about 36 degrees Fahrenheit last month, coinciding with record-low sea ice levels. Scientists have just discovered something int he Arctic that could totally change how they see the drastically
Classification society ClassNK has released amendments to its Rules and Guidance for the Survey and Construction of Steel Ships. Requirements amended include: Amendment related to the High-strength Materials used for Intermediate Shafts (to incorporate research and development
Brian Salerno was sworn in as the Director of the Bureau of Safety and Environmental Enforcement (BSEE) on August 26, 2013. He is responsible for promoting safety, protecting the environment and conserving resources through the vigorous regulatory oversight and enforcement of offshore operations
Dubai-based Gulf Ship Management, a wholly owned subsidiary of Gulf Navigation Holding, announced on Tuesday a recent tie up with Switzerland’s SeaQuest Group to set up a ship management joint venture and expand operations in the region.
The Wilhelmsen group hires Inge André Sandvik as head of digital solutions, starting January 2017. “Accelerating our digital transformation, Inge brings with him a unique combination of digital entrepreneurship, business curiosity and a large network within the digital eco-system
COSCO Container Lines Co., Ltd. has changed its company name to COSCO Shipping Lines Co., Ltd. (“Our Company”). Our Company changed its official company name from COSCO Container Lines Co., Ltd. to COSCO Shipping Lines Co., Ltd. on November 18, 2016.
A new 60-foot research vessel has been delivered to the California Department of Water Resources (DWR). The rugged and utilitarian catamaran, Sentinel, was designed by Incat Crowther and built at Vigor’s specialized aluminum fabrication facility in Seattle.