A new board of directors has been elected at Kvaerner Masa-Yards, Inc. Hans Petter Finne, executive vice president of Kvaerner ASA, has been appointed as the chairman of the board. The members of the board include: Jorma Eloranta, president and CEO of Kvaerner Masa-Yards; Finn Berg-Jacobsen, CFO of Kvaerner ASA; and Richard Petrie, executive vice president of Kvaerner Investments. Aarne Ukkola and Jorma Malinen continue as representatives of the personnel.
According to a report from BYM News, Nordic Tankers A/S have received a demand for summon of an extraordinary general meeting from the shareholders Mogens Bushard and Hasse Larsen who jointly represent more than 10% of the share capital. The purpose of the extraordinary general meeting is to elect a new Board of Directors. (Source: BYMNews.com)
CP Ships Limited completed its acquisition of all issued and outstanding shares in Italia di Navigazione from d'Amico Societa di Navigazione S.p.A. for $40 million in cash. The acquisition was announced on May 30, 2002. As previously announced, the purchase is being paid for with proceeds from CP Ships' offering in July 2002 of 9.6 million common shares and private placement of $200 million of senior unsecured notes.
U.S. Shipping Corp, formerly known as U.S. Shipping Partners L.P., announced it has emerged from Chapter 11 bankruptcy protection pursuant to the Third Plan of Reorganization approved by the U.S. Bankruptcy Court for the Southern District of New York on October 1, 2009. "We are very pleased to be out of Chapter 11," said Joseph Gehegan, President and Chief Executive Officer. "We accomplished the goals we set out at the beginning of this process: maintain business as usual
Jee Ltd, an indepenedent multi-discipline engineering and training firm, has announced further plans for expansion to accommodate the company’s growth strategy and the creation of 150 new jobs in the UK. The company which provides a complete range of subsea engineering expertise also announced the appointment of new board members Andrea Haywood, Finance Director, and Jenny Matthew, Director, who will help drive steady growth plans
Carnival Cruise Lines has appointed four esteemed maritime and transportation industry experts – Rear Admiral Mark H. Buzby, Rear Admiral Joseph F. Campbell, Ray Valeika and Dr. John K. Lauber -- to the company's new Safety & Reliability Review Board. As part of Carnival's comprehensive fleetwide technical enhancement program, the review board was created to provide independent third-party perspective and to drive continuous improvement across the line's fleet
Proposed amendments to the Marine Transportation Security Regulations that strengthen security requirements for vessels, marine facilities and ports were announced by Transport Minister Tony Valeri. "A secure, strong marine industry is vital to Canada's dynamic economy," said Mr. Valeri. "These regulations will surpass the International Maritime Organization requirements and help ensure that Canada's marine transportation system remains one of the most secure in the world."
Electronic Shipping Solutions, a provider of electronic shipping documents, announces four senior appointments to its main Board. These new members bring experience from the shipping, ports, legal and finance sectors to ESS and underpin its expansion into the container shipping market, following the successful roll-out of the ESS CargoDocs solution for electronic bills of lading in the bulk liquid markets. Well-known names from the ports and liner shipping sector
Seven directors were elected to the Board of the UK P&I Club at its AGM in Athens on the 27th October. Biographical details: brahim Güngen: Chief Executive Officer of Güngen Maritime & Trading A/Ş, Ankara, Turkey After obtaining a postgraduate degree in industrial engineering, Ibrahim Güngen founded Güngen Foreign Trade Co Ltd with his brother Mehmet in 1976 and the business quickly became the biggest importer of molasses
The three-masted, steel-hulled Clipper ‘Stad Amsterdam’ undergoes a complete overhaul at Damen Shiprepair Vlissingen, the Netherlands. The revision of the 13-year-old vessel will give her a ‘second youth’. The work will be finished before the end of May 2013. At the moment the Clipper is already at the yard and all interiors have been removed, including the boarding of the accommodation
Onboard RFA Lyme Bay, which is part of European Union Naval Force (EU NAVFOR) Somalia Operation Atalanta, the Boarding teams from the Fleet Contingency Troop and K Company 43 Commando Royal Marines have taken advantage of the Lynx MK 8 that embarked from RFA Fort Austin to practice fast roping
IHC Merwede’s CEO, Dirk Philips, will step back from his role within the company. Over the past two months, he has led the management board to formulate some important aspects of IHC Merwede’s future business strategy, as well as the appropriate organization required to implement it
After more than 30 years as founders and owners of Global Diving & Salvage, Inc., Tim Beaver and John Graham continue to remain excited about the future of the company. This month, they announced the newest chapter in Global’s history; Devon Grennan, President for the past four years
The Long Beach City Council voted unanimously to confirm Mayor Bob Foster’s appointment of the City’s former Chief Financial Officer (CFO) Lori Ann Farrell to the Board of Harbor Commissioners, which oversees the Port of Long Beach and the staff of the City’s Harbor Department.
The Port's Board of Directors has approved an investment budget of 500 million kroner (about US$ 90,735,000) for the Port of Aalborg Group in the period 2014-2016. An analysis prepared by the City of Aalborg Business Office and Business Network 9220 shows that companies in Aalborg East
In a swift operation, the Indian Coast Guard has detained a Sierra Leone-flagged vessel with 25 armed guards on board, at Tuticorin. The vessel, 'Seaman Guard Ohio' is owned by US-based maritime security firm AdvanFort, but those on board were unable to explain why they had entered Indian waters
Due to a lapse in federal funding, all statutory and administrative selection boards scheduled for October are being rescheduled, Navy leaders said Oct. 11. According to Capt. Chris Halton, assistant commander for Career Progression, NPC, boards are comprised of Sailors from around the world
Maaskant Shipyards Stellendam (NL), part of Damen Shipyards Group, has been contracted again by Rederij Groen (NL) after delivering two chasers, the Aquarius-G and the Astra-G, earlier this year. The new Seismic Research Support Vessels’ deliveries are planned in the third quarter of 2014
Nasdaq-listed Pingtan Marine Enterprise Ltd. (PME) is to sell its 100% owned dredging subsidiary, China Dredging Group and its PRC operating subsidiaries, Fujian Xing Gang Port Service Co., Ltd. business and operating assets to an affiliate of the Company's Chairman
Dave Sanford, interim chief of staff at Port Manatee, has been named to the National Academies of Science Marine Board, a Washington-based maritime advisory group. Sanford has accepted an appointment to a three-year term on the Marine Board, beginning Nov. 1
Norwegian marine, energy, steel and machinery group Scana Industrier announce that as from 1, November 2013, Rolf Roverud leaves his position as CEO of Scana Industrier ASA and Jan Henry Melhus will act as CEO from the same date. Currently, Melhus holds the position as Executive Vice President /
The UK Club Board has decided on a general increase for 2014 renewal of 10 per cent. This across the board premium rating increase is in addition to any increase in the cost of the International Group reinsurance. Overall, the Club’s financial position remains strong with the free reserves
Alan Olivier was elected Chairman and President of the UK P&I Club at their board meeting in Bermuda on October 28. He succeeds Dino Caroussis who has retired from the board. Mr. Olivier, 53, Chief Executive Officer of Grindrod Limited
Frank Piedelièvre has informed the Board of Directors of Bureau Veritas that he has decided to leave the Board to devote himself fully to personal projects, having fulfilled his mission to provide support to Didier Michaud-Daniel in his role of Chief Executive Officer since March 1, 2012
ABS, a provider of classification services to the global offshore and marine industries, has released the ABS Guide for Enhanced Fire Protection Arrangements, as guidance for improved safety on offshore vessels and installations as well as oceangoing vessels.