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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


USS New Orleans Conducts Sea Trials

U.S. Navy photo by Brandon Cyr

The amphibious transport dock ship USS New Orleans (LPD 18) completed a five-day sea trials March 13 following an eight-month planned maintenance period, the U.S. Navy reported.   The sea trials gave New Orleans' crew members an opportunity to test a number of shipboard systems including


USCG Rescues 2 Fishermen near Block Island

Coast Guard crews rescue two fishermen from their sinking vessel 10 miles south of Newport, R.I., on March 23, 2015. Crews from Coast Guard Station Castle Hill, Coast Guard Station Point Judith, and Air Station Cape Cod res

  Coast Guard crews rescued two fishermen from a sinking vessel 10 miles south of Newport, Rhode Island, Monday. At approximately noon, the two person crew of the 38-foot fishing boat More Misery notified watchstanders at Coast Guard Sector Southeastern New England in Woods Hole


Hapag-Lloyd CFO Ganz Steps Down

Peter Ganz (Photo: Hapag-Lloyd)

Hapag-Lloyd CFO Peter Ganz steps down from position; CSAV CFO Nicolas Burr appointed his successor   Peter Ganz will step down from his position as company CFO effective April 1, 2015, also leaving the company on the same day, as announced during today’s meeting of Hapag-Lloyd’s


HHI’s 2014 Results Fall Short

The world’s biggest shipbuilder, Hyundai Heavy Industries (HHI), held its 41st Annual General Meeting of Shareholders in Ulsan, South Korea.   The meeting agenda included approval for the financial statements, and the ceiling for the Board of Directors’ remuneration as well as


Fitzpatrick Appointed President of Robert Allan

Mike Fitzpatrick

  The Board of Directors of Robert Allan Ltd. have accepted the announcement from Ken Harford, P. Eng. of his intention to retire in June, 2016 after eight years of leadership at Robert Allan Ltd. “Having completed the ownership transition from Rob Allan and his family to a group of


NZ: Oil Spill off Taranaki

FPSO Raroa - Pic by MODEC

 Maritime New Zealand (MNZ) said it was monitoring the situation of a small oil spill at the Raroa platform, about 70 kilometres off the Taranaki coastline.   The operator, the New Zealand branch of international oil company OMV, says about 250 litres of oil was spilt on Friday when a


Lysblink Seaways Update

Lysblink Seaways

  The ‘Lysblink Seaways’ ran aground on 18 February at Kilchoan, Ardnamurchan Peninsula, in the western entrance to the Sound of Mull. Early this morning the increased wind caused the vessel to drag her anchor. A tow line was placed on board and, as per


Panama Canal Authority Holds Hearing on New Toll Structure

       Photo courtesy of the Panama Canal Authority

  The Panama Canal Authority (ACP) is holding a public hearing today on a proposed toll structure change. The proposed restructuring, which the ACP Board of Directors approved on December 24, calls for each ship segment to be priced based upon different units of measurement


Former BP Boss Browne is DEA Chairman

Lord John Browne heads DEA's supervisory board * LetterOne co-owners Fridman, Khan also join * Unit changes name to DEA Deutsche Erdoel AG FRANKFURT, March 3 (Reuters) - DEA, the oil and gas company that German utility RWE sold to Russian billionaire Mikhail Fridman


VesselVanguard Partners with Hatteras Yachts

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  VesselVanguard announced today a new partnership with Hatteras Yachts to provide a five-year subscription for its award-winning maintenance management solution to every buyer of a new Hatteras convertible or motor yacht. Hatteras owners will be among the first to have access to two


Smooth Sailing for MSC with GE Marine On Board

MSC Preliminary Courtesy GE Marine

  When it comes to taking thousands of passengers on the luxury cruise of a lifetime, it’s reassuring to have a name like GE ensuring you a smooth and pleasant journey.  While MSC with its next generation ships may be setting off to conquer more distant waters


Bow Thrusters Ordered for New NYC Ferries

Photo courtesy of WESMAR

WESMAR (Western Marine Electronics) announced that its heavy duty Bow Thrusters have been selected for three new 165-foot, 600-passenger excursion and sightseeing ferries operated by Circle Line Cruises, the New York City sightseeing company.


Wind Server Delivered with Kongsberg Tech Package

Photo courtesy of Kongsberg Maritime

The new Wind Server Wind Turbine Service Jack-Up Vessel was delivered to owner DBB Jack-Up Services in December 2014, with a full complement of Kongsberg Maritime control and automation technology on board. Built at Nordic Yards in Wismar, Germany


Fire Aboard RoRo Vessel Inbound to New York

A fire has broken out aboard the motor vessel Grey Shark at Homeport Pier in Staten Island, New York, Wednesday, The U.S. Coast Guard (USCG) reported.   The USCG, FDNY, NYPD and the ship’s owners are working together to extinguish the blaze that ignited Sunday aboard the 360-foot


San Diego Launches Blue Tech Vision

Mayor, Supervisor & City Council President Propose Blue Tech Incubator    As part of a new blue tech vision that will create more maritime jobs for the San Diego region, Mayor Kevin L. Faulconer and County Supervisor Greg Cox today proposed an initiative that was jointly approved






 
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