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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.


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


DNV GL's CEO Madsen Appointed UN Global Compact Board Member

Dr Henrik O. Madsen, Group President & Chief Executive Officer of DNV GL

  United Nations Secretary-General Ban Ki-moon has appointed Dr Henrik O. Madsen, Group President & Chief Executive Officer of DNV GL, as a new board member to the UN Global Compact board, the world’s largest voluntary corporate sustainability initiative. As a Board member, Dr Madsen will join other leaders from business, labour and civil society, and serve as a champion of the UN Global Compact and its mission


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."


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


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


‘Second youth’ for Clipper Stad Amsterdam

_MG_5340.jpg

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


Petronet LNG appoints new chairman

Image: Petronet LNG

 India’s largest importer of the chilled gas Petronet LNG has appointed Kapil Dev Tripathi, Secretary, Ministry of Petroleum and Natural gas as Chairman and Director on the Board of the company.   The appointment follows the former Chairman and Director of the company Board


AAPA Applauds Senate Passage of Trade Promotion Legislation

Photo courtesy of Port of Los Angeles

The American Association of Port Authorities (AAPA) applauded Senate passage over the past weekend of the Bipartisan Congressional Trade Priorities and Accountability Act of 2015 (TPA-2015), and today sent a letter to House leadership to urge making passage of TPA-2015 a priority.  


Shreyas Shipping Turns Around

Picture: Shreyas Shipping and Logistics

 Shreyas Shipping and Logistics swung to a net profit of Rs. 61.75 crore (about $9.6 million) in the fiscal year ended March 31, a big turnaround from its loss of Rs. 4.32 crore ($675,000) in the previous year.   According to Rajesh Desai, CFO, Shreyas Shipping


DNV GL Names Remi Eriksen Group CEO

Remi Eriksen (Photo: DNV GL)

Remi Eriksen has been appointed as the DNV GL Group’s new president and CEO, succeeding Henrik O. Madsen, who will retire August 1. The DNV GL board of directors began an executive search and selection process in October 2014 to find and appoint Madsen’s successor due to his planned


Recommendation from Statoil's Nomination Committee

Statoil Board of Directors

The nomination committee in Statoil has recommended that the company's corporate assembly elects Øystein Løseth as new chair and Roy Franklin as a new member and deputy chair of Statoil's board of directors. Furthermore, the nomination committee recommends a re-election of


Twin Disc Chairman Michael Batten Passes Away

Twin Disc, Inc. announced the passing of Michael E. Batten, Chairman of Twin Disc, Inc. He died in his sleep on the morning of May 6, 2015 at the age of 75.    Batten worked at Twin Disc since June 1, 1970 and was fully devoted to the company and his family


Adani Sails Closer to Vizhinjam Deep Sea Port

Pic: Vizhinjam International Seaport Limited (VISL)

 An empowered committee established by the Kerala State government in India has recommend the lone bid submitted by the Adani Ports and Special Economic Zone Ltd. (APSEZ) to build and operate a new International deep water seaport project at Vizhinjam.   


Petrobras Directors Agree on Audit Committee Composition

Image

  Petrobras’ Board of Directors has unanimously approved the new composition of its Audit Committee, by appointing Directors Luiz Nelson Guedes, Luiz Augusto Fraga Navarro de Britto Filho and Roberto da Cunha Castello Branco as the new members of this Committee.


TSB to Investigate : MOL Precision Strikes Berth

Container vessel MOL Precision courtesy MOL

Richmond, British Columbia, 11 May 2015 — The Transportation Safety Board of Canada (TSB) is deploying a team of investigators to Port Metro Vancouver, in British Columbia, where the container vessel MOL Precision struck the berth. The TSB will gather information and assess the occurrence


Container Industry Competence Standard Launched

Seagull Maritime launches Container Industry Competence Standard

Seagull Maritime AS has launched the Container Industry Competence Standard (CICS), an assessment and training system covering container vessel operations. The program aims to bring new consistency to competency on-board containerships, following a similar breakthrough from Seagull in the dry bulk


Long Beach's Cement Terminal Project Approved

The terminal receives imported cement and cement-like materials via bulk cargo ships.

  The Long Beach Board of Harbor Commissioners approved the Mitsubishi Cement Facility Modification Project this week, greenlighting the addition of 40,000 metric tons of additional storage capacity consisting of storage and loading silos on vacant Port property adjacent to


Savannah Container Volumes Jump in April

(Photo: Georgia Ports Authority/Stephen B. Morton)

Port of Savannah container volumes jumped 25.8 percent in April, with a total volume of 335,337 twenty-foot equivalent container units, or an additional 69,000 units. The Georgia Ports Authority also saw strong growth in roll-on/roll-off traffic, moving 77,574 units through Brunswick and Savannah


Ensco Appoints Rowsey as Non Executive Chairman

Paul_Rowsey

  Ensco plc announced today that Paul Rowsey has been named Non-Executive Chairman of the Board following Dan Rabun’s planned retirement on 18 May 2015 concurrent with the annual general meeting of shareholders. Mr. Rowsey has been a member of Ensco’s Board of Directors since 2000


USCG Terminates Charters Boat Voyage In Buzzards Bay

a crew from Coast Guard Station Woods Hole, Massachusetts, boarded the vessel

  The Coast Guard terminated the trip of a 23-foot charter vessel today in Buzzards Bay, Massachusetts, due to an expired operator's license and evidence of illegal fishing. During a random safety boarding, a crew from Coast Guard Station Woods Hole, Massachusetts


Marsh to Take Over as Lloyd’s Register CEO

Alastair Marsh (Photo: LR)

Alastair Marsh, current CFO at the Lloyd’s Register Group Ltd. (LR), has been appointed as the successor to CEO Richard Sadler who has decided to step down at the end of 2015.   Sadler will pass the CEO role to Marsh on October 1






 
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