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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


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

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.


Sortland Named CEO of Global Maritime Group

Peder Sortland (Photo courtesy: Global Maritime Group)

Global Maritime Group has appointed Peder Sortland as its first CEO. Sortland comes from the post of CEO at Apply ASA, and knows part of the group well from holding the position as chair of Global Maritime AS since April 2014. Before joining Apply in 2012


MHI Consolidates 5 In-house R&D Facilities

Mitsubishi Heavy Industries, Ltd. (MHI) will reorganize its research and development structure.   The reorganization initiative calls for the creation of a new Research & Development Center consolidating the five currently existing Research & Development Centers


MHI Receives "Grand Prix" Award

High Marks Given to MHI REPORT 2014

  Mitsubishi Heavy Industries, Ltd. (MHI) has received the Grand Prix at the Nikkei Annual Report Awards 2014 sponsored by Nikkei Inc. The Grand Prix is the top award to be given to the company most highly appreciated by judges. The award-winning publication is the "MHI REPORT


Panama Canal Authority Holds Hearing on New Toll Structure

       Photo courtesy of the Panama Canal Authority

  The Panama Canal Authority (ACP) is holding a public hearing today on a proposed toll structure change. The proposed restructuring, which the ACP Board of Directors approved on December 24, calls for each ship segment to be priced based upon different units of measurement


RINA - Lloyd's Maritime Safety Award

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  The safety of the seafarer and the maritime environment begins with good design, followed by sound construction and efficient operation. Naval architects and engineers involved in the design, construction and operation of maritime vessels and structures can make a significant contribution


Mustang Marine Launches Recruitment Drive

Stewart Graves, managing director, and Rita Beard, safety officer, observing work being carried out by Benjamin Cardew, Paul Hethrington and Richard Davey on the 20m BMT Nigel Gee design wind farm support vessel (Photo courtesy of Mustang Marine)

Mustang Marine, which is under a new ownership and management structure after being bought out of administration in May 2014 by a group of nine investors, has completed a broad range of orders in what was a successful second half of 2014, the company reports


Webb Institute Welcomes Assistant Professor, Daidola

Dr. John C. Daidola (Photo courtesy of Webb Institute)

John C. Daidola has joined Webb Institute as Assistant Professor of Structural Engineering.   Dr. Daidola is a structural engineer with over forty-years of experience. His early experience was as Design Engineer at Newport News Shipbuilding and Dry Dock Company and as Chief Naval Architect


Cold and Calculating: Dealing with Ice in Domestic Waterways

The Coast Guard Cutter Thunder Bay breaks ice in the Straits of Mackinac between Lake Huron and Lake Michigan. (U.S. Coast Guard photo)

Army research laboratory helps vessels deal with ice in domestic waterways. Ice, snow and extremely low temperatures can put a big chill on maritime operations in ports, lakes, rivers and waterways. Thanks to the U.S. Army’s Corps of Engineers Cold Regions Research and Engineering


Highest Tanker Shipping Rates in Six-Years

Courtesy: Dynacom Tankers Management

Morgan Stanley and Evercore Partners Inc. predicting the highest shipping rates in six-years are possible with demand to store oil on vessels is strengthening, says a Bloomberg report. Supertanker owners from Tokyo to Athens days that oil-at-sea storage demand has gone up. Frontline Ltd


WSS Wins Tender with Solstad Shipping

Frank Olson (Photo courtesy: WSS)

Wilhelmsen Ships Service (WSS) and Solstad Shipping have announced that they have entered into a two year Global Agency Agreement with a two year option. WSS will provide Global Agency Services to Solstad’s 48 vessels worldwide. “We were previously using around 50 different


Greencarrier Freight Services Achieves ISO Standards

Georg Skivik Moltu (Photo courtesy: Greencarrier Freight Services)

Greencarrier Freight Services’ business has strengthened its position in the energy and project forwarding markets by achieving management (ISO 9001) and environmental (ISO 14001) certification for its Energy & Project Business Unit.


CMA CGM to Inaugurate In-house University

The CMA CGM Group announced the opening of the CMA CGM Academy, its new in-house university, located in its Marseilles (France) headquarters.   The first in-house university was launched years ago to make the group’s collaborators’ training a priority


New Berthing System for Mooring Cargo Ships

Photo: Bellingham Marine

Eagle Rock Aggregates, U.S. subsidiary of Polaris Materials Corporation, has completed a new aggregate import facility at the Port of Long Beach that features a docking structure which will be used for mooring mid-sized cargo ships.  


Directorate Changes at Fastnet

Carol Law CEO at Fastnet Oil and Gas plc

  Fastnet, the UK and Irish listed E&P company focused on near-term exploration and appraisal acreage in Morocco and the Celtic Sea, announces certain management changes following the appointment of Carol Law as CEO in December 2014 and a review of the Company's cost structure in light


Support to Cyprus Shipping Industry

Nicos Anastasiades (Picture by Presidency of the Republic of Cyprus)

Cyprus President  Nicos Anastasiades reiterated his Government’s strong support towards the shipping industry and determination to introduce those mechanisms necessary to further enhance it.  The Ministry of Communications and Works and the Department of Merchant Shipping






 
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