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New Board

New Board at Kvaerner Masa-Yards

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.


Nordic Tankers - Extraordinary General Mtg

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 Completes Acquisition

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 Partners Exits Chapter 11

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 Announces Expansion for UK Growth

Trevor Jee

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 Sets Up Safety & Reliability Review Board

Carnival Triumph: Photo courtesy of Scott Lucht CCL

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


Canadian Security Regs Tightened

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."


ESS Appoints Four New Board Members

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


Keppel Corporation Appoints New Board Director

Keppel Corporation Limited (Keppel) is pleased to announce the appointment of Mr Tan Puay Chiang (陈培璋) as Independent Director on the Board with effect from June 20, 2012. Mr Tan, 65, is a veteran in the oil, gas and petrochemicals sector. During his 38-year career with Mobil Oil and later ExxonMobil, he held executive management roles in Australia, Singapore and the United States. These included the positions of Vice-President, Mobil Research & Technology Corp


‘Second youth’ for Clipper Stad Amsterdam

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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


ROC Chairman Retires

Mike Harding

Mike Harding has resigned from the ROC Board of the Company with immediate effect from today. An Independent Non-executive Director since June 2012, Mr Harding was elected Chairman of ROC in December 2013. The Board of ROC thanks Mr Harding for his leadership and invaluable contribution to


TransAtlantic Scrubber for SECA 2015

Sulphur Emission Control Areas

  TransAtlantic and Stora Enso have signed and started the installation of the first order of a new innovative scrubber that washes out sulphur oxides from ship exhaust gases in a totally closed loop. It has taken years to find a solution that is able to coop with the fresh water and ice


Atteridge Retires from Furuno USA

Jim Atteridge

After 30 years of service to Furuno USA, Inc., Jim Atteridge is retiring as President and assuming a new role, as Director and Corporate Advisor. Effective December 1, 2014, Brad Reents will assume the role of President and CFO of Furuno USA, Inc


Kemp Succeeds Semple at Wood Group

Alan Semple, chief financial officer of the Wood Group

  Wood Group announced following changes to its senior management team. Alan Semple, chief financial officer (CFO) has advised the board that he intends to retire and step down from his current role and from the board at the company’s annual general meeting in May 2015


Marlink, Palantir Enter IT Services Partnership

Image: Marlink

Marlink and Palantir AS have signed a strategic partnership agreement that aims to improve access to IT services in the maritime industry. Palantir’s IT products complement Marlink parent company Airbus Defence and Space’s extensive AuroraGlobal multi-band (Ka-, Ku-


GasLog Appoints New Director

Image

  GasLog Ltd. today announced that the Board has appointed Mr. Donald Kintzer as a new independent member of the Board of GasLog effective 27 October, 2014. Donald Kintzer has also been appointed a member of the Audit & Risk Committee of the Company. Mr


Hurtigruten Shares at 6-yr High After Bid

Norway's Hurtigruten, which operates scenic cruise lines along the country's fjords and into the Arctic, has agreed to a takeover offer from a group led by several board members, driving its shares to six-year highs. Hurtigruten said on Wednesday it was recommending an offer of 7 crowns per


UK P&I Club: 6.5% General Increase for 2015

The UK P&I Club board has agreed at its meeting on October 27, 2014 that the general increase for the 2015 renewal will be 6.5%. The premium rating increase is in addition to any change in the cost of the international group reinsurance premium for 2015 for the mutual members


Danny Broad Appointed to ARENA Board

The Chair, Board members and staff of the Australian Renewable Energy Agency (ARENA) are delighted to advise that Danny Broad has been appointed by the Australian Government to the Board of ARENA. Mr Broad has commercial management experience in the power, civil


Port of Tallinn Orders Four Ferries

Four Ferries have been ordered

The Port of Tallinn has signed contracts with Remontowa Shipbuilding and Sefine Shipyard shipbuilding facilities for the construction of four new car-passenger ferry boats to be used on the lines between the mainland and major Estonian islands; two ferries are to be built by each shipbuilding


Nerbovik Named CEO of Aker Philadelphia

Kristian Rokke

Aker Philadelphia Shipyard ASA announced that its board of directors has appointed Steinar Nerbovik as president and CEO of Aker Philadelphia Shipyard ASA effective today. Nerbovik has served as the company's managing director for the past seven months and was previously the company's senior vice


ISP to Supply New Rescue Boat

ISP commercial director Geoff Billington (left) ISP managing director John Rogers (right)

Bootle-based maritime firm International Safety Products (ISP) is set to become one of the world’s only major suppliers of a new rescue boat. The Liverpool City Region business - which is one of the largest manufacturers of inflatable marine lifejackets - supplies a range of maritime


SBM Offshore Reaches Out-of-court Settlement

SBM-Logo1.jpg

  SBM Offshore today reached an out-of-court settlement ex Article 74 of the Dutch Criminal Code with the Dutch Public Prosecutor's Office (Openbaar Ministerie) over the inquiry into alleged improper payments.  Furthermore, the United States Department of Justice has informed SBM


New Director on Odfjell Board

Photo: Odfjell

Odfjell SE held a general meeting November 12, 2014 at which the nomination committee elected Annette Malm Justad as its new director of the board. Annette Malm Justad is a Norwegian citizen born in 1958. She has a master's degree in chemical engineering from the Norwegian Institute of


Final Gates Shipment Arrives to Panama Canal

Photo: Panama Canal Authority

The final shipment of gates has arrived to the Panama Canal today for the new locks as part of the canal’s expansion project. The four gates arrived on board the Post-Panamax vessel Xia Zhi Yuan 6 owned by COSCO Ocean Shipping, after a 25-day voyage from the Port of Trieste in Italy






 
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