Marine link
 

Management Structure

DHT Announces Co-CEOs

Svein Moxnes Harfjeld, (right) and Trygve P. Munthe (left). (Photo courtesy of DHT Holdings)

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 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.


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


MOL Starts Safety Campaign

Photo courtesy Image Line Communications

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 is Now Fully Employee-owned

hypotherm.png

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


Marseilles, France, FOS Port Leadership Appointments

Jean-Marc Forneri: Photo credit Marseilles FOS

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


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


Tim Brennan To Leave Heidmar

Tim Brennan

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 Reports Global Growth, Turnover Increase

Strong global growth contributes to increase in turnover for Saltire Energy

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.


APL to Reorganize Management Structure

Image courtesy of APL

Container ship operators APL says it is to move from the current geographically-organized structure to a functional one. The functions will be in the areas of Trade, Commercial, Operations, Procurement and Planning & Strategy. “The container shipping industry is undergoing profound changes, characterized by low growth and intense competition. We recognize there is a need for APL to respond more quickly to the market and to our customers


Petrobras’ Could Cut Logistics Costs by R$1 bi

  One of a series of management improvement measures adopted by Petrobras in the last two years, the Logistics Infrastructure Optimization Program (Infralog) should generate approximately R$1.8 billion (US$719 million) in savings for the company from the time it was created (November 2012)


Lerwick Port Strengthening Top Deck

Lerwick port

  The Board of Lerwick Port Authority is strengthening its senior management team in support of continuing activity and development at the busy harbour. The move follows an external organisational review, particularly looking at the staff resource required to sustain the high level of


Kawamura is SENER's Japan Region Manager

Koji Kawamura

The engineering and technology group SENER has appointed Koji Kawamura as Country Manager for Japan. Koji Kawamura is a professional with wide experience in marine software and in project and business management.   Kawamura assumes this position with the objective of managing SENER office


NKCS Approves FROSIO Inspector Programs

Mr Yasushi Nakamura  NKCS Operating Officer and Mr Ame Michelsen Secretariat Manager of FROSIO

  ClassNK Consulting Service Co., Ltd. has announced the agreement concerning the Certifying Body of FROSIO, as an internationally recognized coating inspector’s qualification. FROSIO is a leading certifying body qualified to grant inspector qualifications to inspect surface


Gazprom to Counter Negative Global Market Trends

Image

  The Gazprom Board of Directors took note of the information on the Company's financial strategy under the conditions of negative trends in the global financial market for the Russian business entities. It was pointed out that the geopolitical events involving Ukraine as well as American


MOL Drill Prepares for Offshore Incident

Under cooperation with Japan's Coast Guard, Mitsui O.S.K. Lines, Ltd. (MOL) has conducted a tabletop drill based on a scenario in which fire occurred in the engine room on a bulk carrier while under way at Kudako channel in Inland Sea, resulting in the vessel going aground


Ferry Unit SNCM to Seek Court Protection Next Week

Photo: SNCM

France-Corsica ferry operator SNCM will file for court protection next week, a source close to the company told Reuters on Wednesday, which will clear the way for its shareholder Veolia to restructure its transport division. Water and waste firm Veolia and the French state


First Libra Offshore Oil Well Confirms Discovery

Petrobras sign

  Libra consortium reports that drilling the first well in the area extension of Libra, the 3-BRSA-1255-RJS (3-RJS-731), confirmed the discovery of good quality oil in the northwestern part of the structure . Well, informally known as NW1, is located in the pre-salt Santos Basin


Mitsubishi Exits Cruise Business; Books $357m Loss

Mitsubishi Heavy Industries, Ltd. (MHI) announced its decision to book an extraordinary loss from its cruise ship business in the company's consolidated financial results for the first half (1H) of the current fiscal year (FY) 2014 (ending March 31, 2015). Reasons Behind the Extraordinary Loss


MHI to Transfer Ownership Stake to MEG

  Mitsubishi Heavy Industries, Ltd. (MHI) yesterday concluded an agreement with Miyaji Engineering Group, Inc. (MEG) whereby, effective April 1, 2015, MHI will transfer a 51% ownership stake in Mitsubishi Heavy Industries Bridge & Steel Structures Engineering Co., Ltd


SENER Releases FORAN V70R3.0

Photomontage of a patrol vessel and its FORAN 3D model.

Earlier this year SENER released the new FORAN V70R3.0, a new version which leans on the company’s 45+ years serving the market. The process starts with the forms generation in FORAN or the importation of forms from a third party solution


Study: Offshore Ambient Vibration Monitoring

Dr. Daniel Fridline (left) and Dr. Neveen Shlayan (right). Photos courtesy of SUNY Maritime College.

SUNY Maritime research team studies ambient vibration monitoring of offshore equipment Two State University of New York (SUNY) Maritime College professors have received a $65,000 grant from the American Bureau of Shipping (ABS) to develop a program for inspecting underwater drilling equipment


New Options for Aerodynamic Analysis of Offshore Structures

Air flow around crane truss

Naval architecture and engineering firm Alan C. McClure Associates (ACMA) has recently completed a wind flow analysis on an offshore structure using its Computational Fluid Dynamics (CFD) software package. Until recently, no alternatives existed to determine the effect of aerodynamics and its


51% Stakes of Keppel Merlimau Cogen Sold for $510 mi

Keppel Merlimau Cogen

Keppel Infrastructure Holdings Pte Ltd (KI), through its wholly-owned subsidiary, has agreed to sell 51% stake of Keppel Merlimau Cogen Pte Ltd (KMC), which owns Keppel Merlimau Cogen Plant to Keppel Infrastructure Trust (KIT or the Trust) for a cash consideration of $510 million (KMC Transaction)


Marine Insurance & the “Human Factor”

Insurance underwriters of diversified maritime exposures see a wide variety of approaches taken by vessel operators to manage human error to control risk. They have found through experience that the majority of hull and liability claims can be traced to a breakdown in preparedness and






 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright