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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


India Drops Plan to Give More Autonomy to State-run Ports

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'


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.


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


Hanjin Shipping Opts for Debt Restructuring

Photo: Hanjin Shipping Co. Ltd

 South Korea’s Hanjin Shipping Co. Ltd will work with lenders to restructure debt after years of weak demand resulted in losses and cash erosion, reports Bloomberg.   The board of Hanjin Shipping decided to file for receivership and give creditors authority to manage the company


Great Lakes Shipyard Hires Skeeter as GM

Photo courtesy of The Great Lakes Towing Company

The Great Lakes Towing Company announces the addition of Nikita Skeeter, a maritime professional with over 25 years of experience in shipbuilding and production management, as General Manager of Great Lakes Shipyard.   Skeeter’s management experience includes multiple


Kim Heng Offshore Inks Pact with Iran Marine

Image: Kim Heng Offshore & Marine

 The Singapore-based  offshore services provider Kim Heng Offshore & Marine has signed a memorandum of understanding with the Iran Marine Fund (IMF)to provide its technical expertise and financing to Iranian offshore marine and oil & gas projects.  


HCI Group Takes Over 13 Feeder Containerships

Courtesy HCI Capital

The HCI Group and two other investors have taken over a total of thirteen ships from the loan portfolio of HSH Nordbank. The HCI Group structured the portfolio acquisition and is investing a substantial amount itself. The portfolio consists of thirteen feeder ships of between 800 and 1,800 TEU


Sr Management Restructuring at Rolls Royce

Warren East, Chief Executive of Rolls Royce Photo 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


MOL Earns Highest Rating for SMBC Sustainability Assessment Loans

Containership equipped with a new   energy-saving windshield to reduce wind resistance Courtesy MOL

  Mitsui O.S.K. Lines, Ltd. today announced that the company has received the highest rating for SMBC Sustainability Assessment Loans from Sumitomo Mitsui Banking Corporation. The loan program evaluates corporate actions such as disclosure of environmental, social


Restructuring at Royal HaskoningDHV

Clockwise from top Craig Huntbatch,  Marije Hulshof, Anke Mastenbroek and Anton van der Sanden

  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


Polarcus Announces Further Job Cuts

Photo: Polarcus

Marine geophysical company Polarcus announced it will implement further measures to cut costs, including additional headcount reductions and changes to the executive management team.   The expanded cost reductions are part of a longer term plan that aims to help Polarcus withstand a


Zim Rejigs Organizational Structure

Photo: ZIM Integrated Shipping Services Ltd.

 Israel’s shipping firm ZIM Integrated Shipping Services has launched an extensive program aimed at changing its organizational structure.   The change is based on the company's business plan to focus on profitable trade areas in which ZIM enjoys competitive advantage. 


Norstar to Launch JV

Photo Norstar

The tanker company Norstar is setting up a new Commercial Management joint venture based in Westport Connecticut USA named Norstar Chartering (USA) LLC. The new entity is a collaboration between brothers Chris and Tom Bonehill, principals of the Norstar Group and two senior shipping industry


The (Updated) Responsible Carrier Program

Katharine SweeneyMonday, February 08, 2016

A primer: (...and please don’t shoot the messenger) 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


DNV GL’s Debuts New Survey Reporting System

Paal Johansen (Photo: DNV GL)

Classification society DNV GL introduced a new form of reporting that it claims revolutionizes survey reporting for fleet managers. The newly structured report defines safety barriers and trends, using DNV GL's experience with barrier management in the offshore oil and gas industry.  


Enhanced Safety and Efficiency with DNV GL’s New Survey Reporting Program

Image:  DNV GL

 At the annual Seatrade Cruise Global 2016 conference in Ft. Lauderdale, Florida, classification society DNV GL introduced a new form of reporting that revolutionizes survey reporting for fleet managers.    The newly structured report defines safety barriers and trends


Development on BWM highlights - IMO's R&D Forum

The 6th Global Environment Facility (GEF)-United Nations Development Program (UNDP)-IMO GloBallast R&D Forum and Exhibition on Ballast Water Management met under the banner “Ballast Water Management Convention Photo IMO

Ballast water management experts, meeting at the recent IMO-GloBallast R&D Forum in Canada, have showcased the latest developments in ballast water management and highlighted the areas where further research is needed, in order to prevent the spread of potentially harmful species in ballast


New System Reduces Risks in Ice Operations

An intelligent ice load monitoring system for the ships operating in ice covered waters will provide the operators a tool to handle the ships in safe but efficient ways.    The state of the art system will monitor the hull loads with optical sensors installed on the steel structures of






 
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