Management Structure

Volvo Penta Americas Strengthens Leadership Team

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. Julia Zelenock has been named director of marketing. She will be responsible for managing and implementing a strategic marketing plan that builds, promotes and communicates Volvo Penta’s brand, products and services in the marine and industrial market sectors. Zelenock comes to Volvo Penta from Volvo’s Construction Equipment group, where she was director of marketing and communications strategy. She also served in management positions at Ingersoll Rand and marketing roles at Bobcat Company.   Marcelo Puscar has been appointed director of marine sales for Latin America with responsibility for sales of marine gas and diesel engines. He will develop sales, implement and manage the strategic direction for the leisure and commercial marine sectors. Puscar brings more than 15 years of experience in marine and automotive industries in sales, purchasing and management positions. He was formerly commercial director for a large boat group in Brazil and commercial manager for the Fibrafort Shipyard.

MOL Starts Safety Campaign

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

Coflexip Stena Offshore Makes Management Changes

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

Hyperdynamics Moves Forward to Drilling Offshore Guinea

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

Foss Unveils New Management Structure

The Foss Maritime Company has created three new management positions aimed at strengthening its safety, compliance and environmental programs. Frank Williamson has been promoted to vice president, safety, quality and general counsel. Formerly Foss’ general counsel, Williamson will take on new responsibilities in health, safety, compliance and quality assurance. He will oversee the team responsible for developing and implementing safety and environmental programs.

Tim Brennan To Leave Heidmar

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

Finance: Equipment Leasing: A Viable Financing Option for Marine Industry

By James W. Mignogna In recent years maximizing budget dollars has become an increasing concern for many businesses. Fortunately marine assets have long, useful lives, but the debt required to finance their acquisition often creates a strain on the operator's balance sheet and cash flow. According to the Equipment Leasing Association (ELA), 8 out of 10 businesses in the United States lease some kind of equipment

New Offshore Completes Workover Deck for the Nansen Spar

New Offshore, Inc. has completed the fabrication of a deck extension for Kerr McGee’s Nansen spar, a deepwater (3,678 feet) floating production facility in East Breaks block 602 in the Gulf of Mexico. The deck extension will support compression equipment. Fabrication of the 40-ton, 24-foot by 68-foot structure was carried out at New Offshore’s waterfront fabrication facility in Morgan City and included the fabrication of five plate girders

CENTRE GROUP, TUFTON OCEANIC STRUCTURE HIGH-YIELD CDO

Shipping Bond Fund Ltd. Only Draws Bonds from Shipping Industry A member of the Centre Group and TuftonOceanic have completed what is believed to be the first collateralized debt obligation (CDO) comprised entirely of high-yield shipping bonds. The $50 million CDO, Shipping Bond Fund Ltd., is unique due to its size and the fact that it selected assets solely from a select group of shipping industry bonds with high asset coverage ratios.

AECOM Wins USCG Contract

AECOM Technology Corporation (ACM:aecom technology corp delawa com ACM 18.35, +0.75, +4.3%), provider of professional technical and management support services for government and commercial clients around the world, announced that its environment business line has been awarded a $12.5m, multi-year, nationwide contract renewal by the United States Coast Guard for environmental and engineering services at USCG onshore and offshore navigation facilities.