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Management Team News

11 Mar 2024

ONE Establishes New Headquarters in Dubai

Sundeep Sibal courtesy of ONE.

Ocean Network Express (ONE) has opened a West Asia Regional Headquarters in Dubai. The move aims to expand ONE's growth in the rapidly developing markets of the Indian Subcontinent, Middle East and East Africa.The West Asia Regional Headquarters office will serve as ONEā€™s central hub across the region, encompassing functions such as commercial activities, customer service, and digitization. It will also house a team dedicated to developing regional trade partnerships and exploringā€¦

06 Mar 2024

AME Hires Paul Savage as Operations Manager

Paul Savage (Photo: AME)

Fort Lauderdale, Fla. based maritime and industrial mechanical service repair specialist Advanced Mechanical Enterprises (AME) announced it has appointed Paul Savage as its new Operations Manager.With over 30 years of leadership and project management experience, Savage joins the AME management team from Veolia North America, where he served as Vice President, managing complex industrial and government contracts. At Veolia, Savage was at the helm of commercial, state, and federal contractsā€¦

22 Feb 2024

Fleet Management Managing Director Rajvanshy Steps Down

Kishore Rajvanshy (Photo: Fleet Management Limited)

Dr. Kishore Rajvanshy is stepping down after three decades as managing director of Fleet Management Limited (FLEET), currently the worldā€™s largest third-party ship management company.FLEET announced it has begun implementing a phased succession plan as Rajvanshy transitions from his current role, with a global search for a new managing director underway.As part of this transition, Angad Banga, the chief operating officer of FLEETā€™s parent company, The Caravel Group, will co-lead FLEET with Rajvanshy ā€“ where Rajvanshy will continue to manage the technicalā€¦

02 Feb 2024

IMO Secretary-General Sets Fresh Agenda for Maritime

Source: IMO

IMO Secretary-General Arsenio Dominguez has shared the Organizationā€™s plans and focus areas for the next four years.Speaking at a press conference at IMO Headquarters in London, Dominguez outlined four strategic priorities:ā€¢ IMOā€™s work to regulate international shipping;ā€¢ its support to Member States ā€“ particularly Small Island Developing States and Least Developed Countries;ā€¢ enhancing public awareness and image; andā€¢ relations with people and stakeholders. He said: ā€œAs a global industry that is responsible for transporting over 80% of trade around the world, shipping is indispensable.

31 Jan 2024

Damen to Build Fast Ferry for South Korean Operator

FFe 4212 (Credit: Damen)

Damen Shipyards has signed a contract to build a new Fast Ferry 4212 (FFe 4212) for South Korean ferry operator KT Marine.The vessel ordered by KT Marine is already under construction at Damen Song Cam Shipyard in Vietnam and is expected to be ready for delivery by mid-2024, the Dutch shipbuilder said.The latest vessel for KT Marine marks the seventh Damenā€™s fast ferry built for the Korean market, and the fifth to be built for South Korean operators.ā€œOur management team holdsā€¦

25 Jan 2024

Cyan Renewables Enters UK Offshore Wind Market with Sentinel Buy

(Credit: Cyan Renewables)

Cyan Renewables, a portfolio company of Seraya Partners, has acquired a majority stake in Sentinel Marine to strengthen its position in the UK offshore wind market and boost its local content.Singapore-based Cyan Renewables, Asiaā€™s first dedicated offshore wind vessel operator, has reached an agreement to acquire a 75% stake in Sentinel Marine, a maritime environmental response vessel operator in the UK that currently owns the youngest fleet of Emergency Response and Rescue Vessels (ERRVs) in the UK.Sentinel Marine boasts a fleet of 13 modernā€¦

11 Jan 2024

DFDS Completes FRS Iberia/Maroc Acquisition

(Photo: DFDS)

DFDS has completed its acquisition of FRS Iberia/Maroc, a short-sea ferry company connecting Spain and Morocco via the Strait of Gibraltar.ā€œWe are excited to start the integration of FRS Iberia/Maroc and look forward to applying our joint capabilities to grow the business while continuing to provide reliable, efficient ferry services to both passengers and freight customers,ā€ said Torben Carlsen, CEO of DFDS.Reporting preliminary revenue of DKK 1.0bn for 2023, FRS Iberia/Maroc has three routes operated by a total of 850 staff of which just over 400 are own employees.

08 Jan 2024

Maersk Tankers Acquires Penfield Marine

(Photo: Maersk Tankers)

Maersk Tankers announced it has acquired U.S. pool operator Penfield Marine, creating a large-scale crude and product tanker company with around 240 vessels under its management.Maersk Tankersā€™ CEO, Tina Revsbech, said, ā€œPenfield Marine has over the years built a solid position and presence in the industry and is a perfect match to Maersk Tankers. Our combined commercial and operational expertise will allow us to grow our presence as a commercial manager and extend our serviceā€¦

11 Dec 2023

C-Innovation Names Cribley Business Development Manager

Lucas Cribley (Photo: C-Innovation)

Edison Chouest Offshore (ECO) aļ¬ƒliate C-Innovation (C-I) has welcomed back Lucas Cribley as its new business development manager.During his more than 20-year career, Cribley worked as the program manager and first employee in a joint venture start-up between ECO and FMC Technologies, in which he secured and managed major Inspection, Maintenance, & Repair (IMR), light construction, and Riserless Light Well Intervention (RWLI) projects. As a senior manager at TechnipFMC, Cribleyā€¦

08 Dec 2023

Jonathan Quinn Named Managing Director of Avenir LNG

(Photo: Avenir)

Avenir announced Jonathan Quinn has been appointed to the role of Managing Director of Avenir LNG.Quinn was one of the founding management team members of Avenir when the company established in 2018, and in his previous role as Commercial Director has been responsible for our group commercial strategy and business development.Quinn has over 10 years experience in midstream infrastructure, shipping and trading and previously held business development and corporate strategy roles at Stolt-Nielsen Limited, prior to the establishment of Avenir.

12 Nov 2023

NYK Roundtable Highlights Ship-to-Shore Communications

Source: NYK

On October 23, NYK held its annual roundtable discussion on current conditions and issues on board vessels, highlighting the role of communications in ship safety.The meeting was held at the NYK head office in Tokyo in a hybrid format and attended by more than 150 participants, including three captains and three chief engineers on leave, the captain and chief engineer on board the car carrier Iris Leader, the captain aboard the crude oil tanker Tensho, 22 executive officers, andā€¦

24 Oct 2023

Schneider Named Engineering Director at Bollinger Mississippi Shipyard

Nathan Schneider (Photo: Bollinger Shipyards)

Bollinger Shipyards announced it has hired Nathan Schneider as Director of Engineering for its Bollinger Mississippi Shipyard (BMS). As Director of Engineering, Schneider will be responsible for leading the BMS Engineering Department in support of various Department of Defense and commercial new construction programs.ā€œAs we continue to grow and expand to meet the changing needs of our customers, itā€™s important that the leadership team and broader organization evolve to meet those demands and provide the highest levels of qualityā€¦

11 Oct 2023

Commercial Ports Reopen in Wake of Typhoon Bolaven

Ā© oporkka / Adobe Stock

Key commercial ports of Guam, Rota, and Saipan have been reopened in the wake of Typhoon Bolaven, the U.S. Coast Guard said."This decision, effective at noon on Oct. 11, 2023, follows meticulous assessments conducted by our dedicated crews and trusted partners." the Coast guard said.The Coast Guard Captain of the Port (COTP) has downgraded the Port Heavy Weather Condition to WHISKEY, signifying the ports' readiness to resume operations from a regulatory and navigation safety standpoint.Teamsā€¦

29 Sep 2023

Vroon Offloads 30 Offshore Service Vessels to Britoil

Credit: Britoil

Britoil Offshore Services said this week it had acquired 30 offshore service vessels and supporting offices in Singapore from Dutch shipping firm Vroon."The acquisition will see an expansion of Britoilā€™s operating footprint into the Mediterranean, the North Sea and Asia Pacific. The operations will also synergise in the Middle East and Africa," Britoil said.The 30 vessels and supporting offices were part of Vroonā€™s offshore services business. Earlier this year, Vroon announced it would sell these vessels as part of a strategic reorientation.

27 Sep 2023

Maritime Partners Acquires Maersk's USMMI

(Photo: Hendrick Dickson / USN Military Sealift Command)

Maritime Partners, a Louisiana-based provider of maritime financing solutions primarily focused on Jones Act vessels, announced that on September 20, 2023, one of its managed funds acquired Norfolk, Va.-based U.S. Marine Management LLC (USMMI) from Maersk Line, Limited.USMMI owns and operates U.S. flag vesselsā€”including one owned maritime support vessel, three owned tankers, and one bareboat chartered tankerā€”for charter to the U.S. Navy's Military Sealift Command. It also performs operation and maintenance of U.S. government-owned vessels, and currently has one O&M contract supporting U.S.

12 Sep 2023

Indonesian Government Buys UK-Built Submarine Rescue System

Source: SMP

UK-based Submarine Manufacturing and Products (SMP) will provide its new submarine rescue system (SRS) to the Indonesian Navy.The SRS will be hosted on a mothership designed by independent design and engineering consultancy Houlder and delivered by its Indonesian strategic partner, BTI Defence.The three-year build contract will include the UK design and manufacture of the SRS, centered around SMP's new SRV-F Mk3 rescue submersible. The custom build of the mothership will take place in regionā€¦

01 Sep 2023

CMA CGM Completes New York Terminals Acquisition

Ā© Mariusz / Adobe Stock

CMA CGM announced it has finalized its acquisition of two container terminals in the Port of New York and New Jersey as the France-based shipping and logistics group grows its supply chain presence in the United States.The company announced in December 2022 that it struck a deal to acquire the Bayonne and New York terminals from Canada's Global Container Terminals (GCT). Terms of the transaction were not disclosed, but media reports indicated the deal could be worth around $3 billion."Through this strategic investmentā€¦

31 Aug 2023

Birdon Adds Two to its US Board

Kevin Mooney and Ronald RƔbago (Photo: Birdon)

Birdon, a defense contractor specializing in maritime solutions, announced it has expanded its U.S. Board of Outside Directors through the recent election of two members with extensive backgrounds with U.S. Navy and the U.S. Coast Guard shipbuilding and ship repair. Kevin Mooney and Ronald Rábago, (Rear Admiral, USCG-Ret.) have agreed to serve as Chairperson and Member, respectively.ā€œKevin and Ron will provide invaluable insight and guidance to our management team as Birdon continues to grow and deliver major programs to its customers,ā€ said Birdon CEO and owner, Jamie Bruce.

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 OceanConnectā€™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.

28 Aug 2023

Maersk Supply Service to Narrow Business Focus

Source: Maersk Supply Service

Maersk Supply Service has announced that it will focus on scale and competitiveness in two core business areas: offshore wind and offshore support vessels.By focusing on fewer business areas and regions, the company says it will increase its presence in core markets, increase synergies in its operations and improve profitability.The offshore vessel markets continue to improve, and the energy transition continues to accelerate. Therefore, Maersk Supply Service will focus on building scale in these two business areas where the company can benefit from a young and energy efficient fleetā€¦

25 Aug 2023

Meyer Appoints Group CEO

Bernd Eikens

Meyer Group has appointed Bernd Eikens as Group CEO starting in December 2023.Eikens has worked in different management positions for UPM-Kymmene for 25 years, since 2013 as a member of the group executive team. His international career includes positions in the US, China, Germany and Finland. Most recently, he headed the successful implementation of a pulp mill project in Uruguay with an investment volume of $3.5 billion.He has been a member of the Meyer Turku advisory board since 2019 andā€¦

22 Aug 2023

AMSC Sells Tanker Business

Ā© Gajus / Adobe Stock

American Shipping Company (AMSC) has signed a deal with Project Merchant Acquisition LLC, a newly-formed company owned and controlled by a fund managed by Maritime Partners, for the sale of its subsidiary American Tanker Holding Company.Pål Lothe Magnussen, CEO of AMSC, said: ā€œThe management team at AMSC is pleased that a Maritime Partners managed fund, a leading Jones Act leasing company, is acquiring our Jones Act business. We believe this is the ideal new owner of this business for the next phase in the lifecycle of these assets.

07 Aug 2023

Hydor Acquires EF Marine

Ā© evannovostro / Adobe Stock

Oslo-based Marine MGA Hydor AS has acquired all the shares in the Singapore- and Rotterdam-based marine MGA, EF Marine Pte. Ltd., and its subsidiary.The combined company will from hereafter be branded as Hydor, with a total team of 34 people, having offices in Oslo (head office), Rotterdam, Hamburg, Singapore, Hong Kong and Shanghai. The acquisition follows the investment by Longship Fund II into Hydor in April 2022.Morten Skomsøy, current CEO of Hydor, said, ā€œThe acquisitionā€¦

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