DHT Holdings, Inc. announced the appointment of Svein Moxnes Harfjeld and Trygve P. Munthe as co-CEOs of DHT. Munthe will no longer hold the position as President of DHT. Harfjeld and Munthe have been CEO and President of DHT respectively, since joining DHT in 2010. Chairman of the Board, Erik A. Lind commented, "Svein and Trygve have since they joined the company in 2010 for all practical purposes functioned as a management team of equals. Their formal appointment today as co-CEO's with shared responsibility to run and develop the business of the company is thus a reflection of how effective they have been in managing the company in this manner and it will not impact other areas of DHT's management structure" dhtankers.com
Volvo Penta announced three key appointments to the newly formed Volvo Penta Region Americas organizational structure. This organizational realignment brings together all of North, Central and South America, and the Caribbean under a unified management structure. Customers, OEMs and dealers will see more direct and coordinated support within the Americas. The addition of the Latin America organization comes into effect Jan. 1, 2013.
Mitsui O.S.K. Lines, Ltd. (MOL, President: Akimitsu Ashida) announced the start of the Safety Campaign for all its operated vessels effective October 1, 2009. During the campaign, the company will concentrate on exchange of opinions between onshore and seagoing personnel regarding MOL’s approaches to safe operation, and measures to prevent the spread of the new influenza epidemic. This will increase mutual awareness of safe operation at sea and on land to further reinforce the MOL
Hypertherm, a U.S. based manufacturer of plasma, laser and waterjet cutting systems, has announced the transfer of all its common stock into an Employee Stock Ownership Plan (ESOP), making the company 100 percent employee owned under an S-Corporation structure. Previously, Hypertherm’s ESOP, known internally as the Hypertherm Stock Ownership Plan or HSOP, held approximately one-third of the company’s stock
Hyperdynamics has contracted with Applied Drilling Technology, Inc. (ADTI), a wholly owned subsidiary of GlobalSantaFe, to provide a detailed assessment of drilling infrastructure, support services and operating environment offshore the Republic of Guinea, West Africa. The ADTI study will be used in conjunction with a well design to produce an estimated project cost and a comprehensive drilling management services proposal to support a planned exploration program by Hyperdynamics
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. Finance Minister Arun Jaitley earlier this year announced a plan to corporatise ports, widely seen as an attempt to raise revenues by listing them. Nitin Gadkari said the government has moved to amend existing laws to make the ports'
The Marseilles FOS port authority’s supervisory board has backed a French transport ministry proposal nominating Port of Dunkirk head Christine Cabau Woehrel as the new CEO in Marseilles. There is also a new chairman and deputy chairperson. Backing for the CEO's nomination came when the supervisory board launched its latest five-year term by also electing a chairman and deputy chairman from the 17-strong line-up of governmental, industry, business and staff representatives
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
2011 A Year of Growth for Pools. After 19 years with the company, the board of Heidmar has, with regret, accepted the resignation of its CEO, Tim Brennan. Mr Brennan will remain at the company for a mutually agreeable time in order to assist in the transition to a new management structure. He leaves a robust company with 118 employees in three offices and 124 ships in five pools serving an international client base with high quality vessels from 35 different owners
Saltire Energy, supplier of drilling tools to the offshore oil and gas industry, has posted its year end to June 30, 2013 results with turnover up more than 50% from £21.5 million to £32.9 million. Operating profit for the year has also risen from £14.1 million to £18.5 million. Mike Loggie, Chief Executive of Saltire Energy, said, “The last 12 months has seen steady growth in our business in the U.K. and across our international operations.
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
Danish dry cargo and tanker shipping company Dampskibsselskabet Norden A/S informs it has combined a number of management functions in order to reduce its executive management team from five to three members. “With the changes we are consolidating a number of functions creating a
In line with LOC’s continual global growth and strengthening of the senior management team, Britain has been appointed as Managing Director of the London operation. Jonathan Britain joins LOC as Managing Director, LOC London having previously headed-up Bureau Veritas’s
SENER concludes the Almirante Irizar icebreaker engineering works for re-outfit and overhaul SENER reports it has completed the engineering works relating to the re-outfit and overhaul of the Almirante Irizar icebreaker following a fire accident in an Antarctic season.
SENER Ingeniería y Sistemas SA informs it has launched a new version of its marine CAD/CAM system, the FORAN V80, which incorporates new capabilities to cope with demands from the marine shipbuilding, civil, offshore and naval sectors.
BMT JFA Consultants (BMT), a subsidiary of BMT Group, has been awarded a contract by the Western Australian Department of Transport (DoT) to provide services as Coastal Engineering Advisor for the Management of Beaches, Structures and Waterways at Port Geographe, Busselton.
Seatronics Ltd, an Acteon company and part of its survey, monitoring and data business, has promoted Derek Donaldson from vice president Asia Pacific to vice president global operations. Donaldson enters into a new position within the Seatronics Group management structure
Mitsui O.S.K. Lines, Ltd., today announced that its group ship management company for dry bulkers, Magsaysay MOL Ship Management, Inc. has acquired certifications from Nihon Kaiji Kyokai, for Energy Management Systems (ISO50001*1) and Environmental Management Systems (ISO14001*2) on June 18
Veritas Petroleum Services (VPS) and DNV GL signed a cooperation agreement to develop a new module for DNV GL’s ECO Insight fleet performance management solution at the Nor-Shipping trade fair. By tapping into the world’s largest fuel sampling database, this module will allow owners
Aker Arctic Technology Inc has acquired full ownership of Canadian based company Akac Inc, which is known in the oil and gas industry for its involvement in the Arctic offshore projects and operations. According to Aker Arctic Technology
SSI, a developer of software products for shipbuilding engineering and construction, reports its ShipConstructor Structure Webinar, previously scheduled for June 3, has been rescheduled for July 8, 2015, 8 a.m. (PDT). Structure offers rapid 3D production detailing of internal hull
Nippon Yusen Kabushiki Kaisha (NYK Line) has concluded time-charters for two new LNG carriers with Diamond Gas International, a Singapore affiliate of Mitsubishi Corporation. NYK also concluded a contract with MI LNG Company Limited for the construction of the LNG carriers
Subsea 7 S.A. announced it has been awarded a pipeline and construction contract worth approximately $300 million from Wintershall Norge AS for the Maria field development. The contract consists of engineering, procurement, construction and installation (EPCI) of 95 kilometers of rigid
MSC Mediterranean Shipping Group has signed an exclusive partnership with the social media consultancy Orca Social Ltd. Over the past 45 years the family-owned shipping company, headquartered in Geneva, has maintained a modest approach to communications.
IRClass, the Leading Ship Classification Society has hired 17 of the brightest and best Naval Architecture students from the elite technical institutes of India. IRClass celebrates its 40th Anniversary this year. In keeping with the philosophy of acquiring the brightest