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Management Structure News

29 Aug 2023

KPI OceanConnect Appoints Regional Leaders

Source: KPI OceanConnect

Marine energy provider KPI OceanConnect has announced a new management structure and key regional appointments to support the delivery of its partnership approach for customers.The new structure will see the leadership of its trading business divided into regions covering APAC, EMEA, and Americas. New regional leads have been promoted from KPI OceanConnect’s existing management team. Thomas Lee is promoted to Head of APAC, and James Enston to Head of EMEA.Brian Coyne will continue in his current role as Head of Americas.

22 Jun 2023

Corps Launches Lower Miss 'Mega-study'

© Aneese / Adobe Stock

The U.S. Army Corps of Engineers is kicking off a five-year, $25 million "mega-study" with the goal to help guide effective and practical management of the Lower Mississippi River.The Corps said the the study will help it to identify recommendations for the comprehensive management of the region across multiple purposes, including hurricane and storm damage reduction, flood risk management, structure and nonstructural flood control, floodplain management strategies, navigation…

15 Jan 2020

The Mighty Mississippi: Taming the Bull

© Tiago Lopes Fernandez / Adobe Stock

The beneficial use of dredge material sets a record in FY 2019. And, we’re just getting started. Funding will be the key.In mid-November 2018, concerns began to rise about an unseasonably high river stages on the Upper Mississippi River Basin generated by significant precipitation events. As a navigation representative on the Lower Mississippi River, I have unfortunately learned that the river system is changing and that precipitation around the world has been increasing for decades.

10 Oct 2019

APM Terminals Appoints Dennis Lenthe Olesen as MD

Effective January 1, 2020, Dennis Lenthe Olesen, currently Global Head of Operations at APM Terminals, will assume the role of Managing Director for APM Terminals Nordics.This joint management structure will enable APM Terminals Aarhus and Gothenburg to strengthen collaboration and unlock operational synergies. The terminals will remain separate legal entities in Denmark and Sweden.“I am pleased to announce Dennis in this new and exciting role, as we embark on an important journey of unlocking further synergies between our two terminals and strengthening collaboration in the Nordics area”, comments Igor Van Den Essen, head of Terminals Europe at APM Terminals.“Aarhus and Gothenburg will become stronger and more competitive together…

08 Mar 2019

HHI Group Inks Deal to Acquire DSME

(Photo: DSME)

Hyundai Heavy Industries (HHI) Group and Korea Development Bank (KDB) signed on Friday a definitive agreement to acquire Daewoo Shipbuilding & Marine Engineering (DSME), in the presence of Kwon Oh-gap, Vice Chairman & CEO of HHI Holdings; Ka Sam-hyun, President & CEO of HHI; and Lee Dong-gull, Chairman & CEO of KDB.Under this definitive agreement that builds on the heads of agreement signed between HHI and KDB on January 31, 2019, KDB will make a contribution-in-kind to Korea Shipbuilding & Offshore Engineering (KSOE…

04 Feb 2019

Proserv Acquires SGC Metering

The  global energy services company has announced the acquisition of SGC Metering from Petrofac.SGC Metering is a specialist in the design and manufacture of flow computer metering systems for the oil and gas industry. It provides expertise right across the full life cycle of a metering project, including conceptual design through to installation, operations and maintenance.The firm was established in 1988 and its wide array of systems allows the measurement of all the important metrics associated with hydrocarbon production, namely volume, temperature, pressure and composition to enable a variety of key calculations.Proserv had been assessing SGC Metering for several years and it has used the springboard of its recent refinancing exercise…

07 Jun 2018

Homeland Signs for Sixth Damen Patrol Vessel

Photo: Damen Shipyards

Nigerian-based Homeland Integrated Offshore Services has signed a contract with Damen Shipyards Group for another Damen 3307 Patrol Vessel. The vessel marks another collaboration between the companies, who have been in cooperation since Damen delivered Homeland’s first 3307 Patrol Vessel in 2014.The vessel named, Guardian 6, will join its sister vessels in the Gulf of Guinea providing security services to oil majors operating in the region. It will perform roles such as deterring and intervening in piracy attacks, as well as crew transfers and equipment deliveries.

20 May 2018

Novatek Plans New Arctic Transport Company

Russia's gas production and sales company PAO Novatek has created a transportation unit called Maritime Arctic Transport. "The Board of Directors of PAO Novatek  resolved on creating a transportation subsidiary called Maritime Arctic Transport LLC to manage and optimize transportation costs, build up the unique competencies of Arctic navigation and ensure centralized management of the Arctic fleet," said a press release from company. Novatek’s Chairman of the Management Board Leonid Mikhelson noted: “Novatek’s long-term development strategy envisages a significant growth in LNG production from the Company’s vast hydrocarbon resource base located on the Yamal and Gydan peninsulas in the Arctic zone of more than 55 million tons per annum by 2030.

13 Nov 2017

Yang Ming Posts Year-on-year Profit Increase

Yang Ming announced an increase in third quarter profits of 23.4 percent from the same quarter last year. At its board meeting on November 9, the company approved the financial report that showed revenues for the third quarter of 2017 rising to $1.2 billion from $958 million in the third quarter of 2016. This was largely due to frieght rates increasing over the last few periods and higher that average demand during the annual peak season. Their volumes for the third quarter were reported at 1.2 million TEUs, an 11 percent increase from the same quarter last year. The company also announced plans to expand its operations in the Mediterranean and South East Asia. Yang Ming is in talks with the Taiwan International Port Corporation to form a joint venture and invest in Indonesia.

09 Feb 2017

Prosafe Taps Andresen as CEO

Photo: © Prosafe

Semi-submersible accommodation vessels owner and operator Prosafe has made several changes to its management team. Jesper Kragh Andresen was appointed as Chief Executive Officer (CEO), and Stig H. Christiansen as Deputy CEO and Chief Financial Officer (CFO) of Prosafe Management AS. Georgina Georgiou will continue as General Manager of the parent company Prosafe SE. From 2012 and until recently, Andresen was CEO in Axis Offshore. Prior to this he was President of Lauritzen Offshore and Managing Director of J. Lauritzen Singapore.

28 Nov 2016

Rigmarine Opens Aberdeen Facility

Photo: Rigmarine

Lifting and marine product specialist Rigmarine has opened its fourth global facility in the rural village of Insch, 30 miles to the northwest of Aberdeen, Scotland. The site, strategically positioned to serve the offshore oil and gas, renewables, construction, break bulk, shipping and marine industries, joins other Rigmarine locations in Baku, Azerbaijan; Aktau, Kazakhstan; and Sharjah, UAE. As part of the Gaylin Group, this is the 10th international hub alongside others in Singapore, Korea, Malaysia, Vietnam, China and Indonesia.

06 Sep 2016

Wilhelmsen and Wallenius to Merge

Wilhelmsen and Wallenius have signed a letter of intent to establish a new ownership structure for their jointly owned investments. The new entity, Wallenius Wilhelmsen Logistics ASA, will form a more efficient management structure and enable further synergies between the joint ventures. “The markets in which the jointly owned entities operate are going through rapid change and require a more agile and efficient business model. In addition to establishing a common owner and governance structure, the proposed merger is expected to enable synergies between USD 50-100 million by combining the assets and harvesting economies of scale, including more optimal tonnage planning…

14 Jul 2016

Senior Appointments at IRClass

In a move to strengthen its senior management structure, The Indian Register of Shipping (IRClass) has made significant changes at its top level. As a part of its organizational restructuring exercise, IRClass has decided to realign the position of Chairman and Managing Director and create two new senior positions. Mr. Arun Sharma, who is now the Executive Chairman, will focus on matters related to broader policy, overall strategy and mentoring. The board of directors have approved the appointment of Mr. Suresh Sinha as the Managing Director and Mr. Vijay Arora as Joint Managing Director. Mr. Suresh Sinha, who is a Marine engineer with more than 39 years of experience including 26 years at IRClass…

02 Mar 2016

The (Updated) Responsible Carrier Program

Katharine SweeneyMonday, February 08, 2016

Last summer, the United States Coast Guard (USCG) announced its intent to accept the American Waterway Operators (AWO) Responsible Carrier Program (RCP) as an acceptable Towing Safety Management System (TSMS) under pending Subchapter M regulations. The acceptance did not come without some major changes to the RCP, changes that were needed to ensure the RCP would meet USCG requirements and become a viable option for operators once new Subchapter M regulations take effect. When that happens is anyone’s guess.

01 Feb 2016

Rough Waters for Washington State Ferries

The process of installing the superstructure built by Nichols Brothers Boat Builders onto the hull of the M/V Tokitae at Vigor’s yard, March 2013.

Improved funding and management changes have the nation’s largest ferry system on a course to better times. Challenges remain, but WSF tackles each one in turn. Unlike the citizens of British Columbia, which pays a German shipyard to build its ferries, Washington state residents resolutely invest at home. By law, ferries are built locally and the results, overall, seem win-win. The state’s Office of Financial Management estimates that every $75 million in ferry construction generates about $90 million for the state’s economy.

15 Jan 2016

Restructuring at Royal HaskoningDHV

International engineering and project management consultancy Royal HaskoningDHV has announced a simplified organisation and management structure. As of 1 January 2016 the company has consolidated its activities into four Business Lines and four regions, enabling closer collaboration and faster decision-making. Chairman of the Board Erik Oostwegel said: “Our clients operate in an increasingly volatile and complex environment and simplifying our internal structure helps us to serve them with even better, future-proof and integrated consultancy services. Combining related disciplines into a leaner structure helps us to boost internal collaboration and knowledge-sharing. The new structure consists of four Business Lines offering services to public and private clients globally.

16 Dec 2015

Sr Management Restructuring at Rolls Royce

Rolls-Royce is today announcing a new senior management structure as the first step in the wide-ranging restructuring announced on 12 November 2015. The move will simplify the organisation, drive operational excellence and reduce cost; ensuring Rolls-Royce is better placed to deliver long-term profitable growth. The current divisional structure of Aerospace and Land & Sea will end, removing a layer of senior management. From 1 January 2016, Rolls-Royce will operate as five market facing businesses, with the Presidents of Civil Aerospace, Defence Aerospace, Marine, Nuclear and Power Systems reporting directly to the Chief Executive. Our Civil Aerospace business will comprise of our merged Civil Large Engines (CLE) and our Civil Small and Medium Engines (CSME) businesses.

10 Aug 2015

Norden Shuffles Executive Management Team

Norden CEO Jan Rindbo (Photo: Carsten Lundager)

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 more streamlined organization,” Norden CEO Jan Rindbo stated in a press release. Effective immediately, Norden’s new plan sees the executive management team trimmed down to CEO Jan Rindbo, CFO Martin Badsted and executive vice president Ejner Kiel Bonderup.

23 Jun 2015

Seatronics Appoints Donaldson as V.P.

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, reporting directly to the Seatronics Group managing director, Phil Middleton. Donaldson and Middleton will together support regional vice presidents in managing and developing the global Seatronics business. Donaldson will be based in Singapore and will continue to manage the regional office, whilst maintaining a global presence. Donaldson said, “I joined Seatronics because of the quality of the team.

07 May 2015

MSC Inks Partnership Deal with Orca Social

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. “Historically, we have communicated with our customers on a one-to-one, offline basis. New technology allows people and companies to communicate in new and exciting ways.” explains Joe Cook, MSC’s Global Marketing Manager. Indeed, developments at MSC have already begun. In January 2015 the company launched MSC.com, a new global website that provides much more information about the company, its subsidiaries, management structure and, of course, the company’s services.

07 Jan 2015

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. Now, the Pembroke Dock-based firm says it is actively recruiting skilled workers and apprentices to meet a busy work schedule going into the New Year. Mustang Marine has created 12 new jobs over the last six months, bringing the total workforce to 42 people.

31 Oct 2014

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). In November 2011 MHI received an order for two large-sized cruise ships for the AIDA Cruises brand. As work proceeded, however, difficulties in constructing the prototype became evident. The volume of design work relating to cabins and other areas was vast beyond expectation, and significant design changes were made. The delay in the overall design work caused by these factors not only increased design costs but also made adverse impact on the construction schedule and need for additional material procurement.

26 Sep 2014

Brunswick Promotes Foulkes to Chief Technology Officer

Brunswick Corporation today announced that effective immediately, David M. Foulkes, has been promoted to the new position of chief technology officer, reporting in this additional capacity to Brunswick President and Chief Operating Officer Mark D. Schwabero. Foulkes also will retain his current responsibilities as vice president - product development, engineering and racing for Mercury Marine, Brunswick's largest operating segment. In that capacity, Foulkes will continue to report to John C. Pfeifer, President - Mercury Marine. "In this new role, David will work with all of Brunswick's businesses to ensure that they have a clear view of developing opportunities as well as a roadmap for technology evaluation and deployment to remain at the technological leading edge…

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