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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


New Board Appointment by Huntington Ingalls

Victoria D. Harker: Photo credit HII

Victoria D. Harker joins Huntington Ingalls Industries board of directors. She is currently the chief financial officer for Gannett, an international media and marketing solutions company, having recently joined the company on July 23. She previously served as CFO and president of global business services of the AES Corp., a multinational power company. "We are very pleased to welcome Victoria to the board of HII," said Thomas B. Fargo, chairman of the board


‘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


Conrad Declares Dividend

Photo Conrad Industries, Inc.

Conrad Industries, Inc. which provides both repair and new construction services at its five shipyards located in southern Louisiana and Texas, announced today that its Board of Directors has declared a quarterly dividend of $0.10 per share of common stock


Bourbon Puts Gas Plans on Hold

Photo: Bourbon

Bourbon’s plan to diversify into the gas carrier market has run into financial obstacles. The company said in a statement that its board of directors acknowledged that the financing required for the acquisition of Jaccar Holdings’ gas activities would not be obtained within the


China VLCC Sells Two VLCCs

Photo: China Merchants Energy Shipping Co., Ltd

China Energy Transport Co., Ltd. (China VLCC) has sold two secondhand VLCCs to an unrelated third party for a total price of $117.5mln.   China VLCC is 51 percent owned by China Merchants Energy Shipping (CMES) and 49 percent owned by Sinotrans & CSC Group.  


TORM CFO Zacho Resigns

Photo: TORM

Mads Peter Zacho, Chief Financial Offer at TORM, has resigned to become Chief Executive Officer at J. Lauritzen A/S. Mads has been with TORM since 2013 and will remain with the company for a transitional period to effect an orderly handover of his responsibilities, TORM said.


Fincantieri Launches Majestic Princess for China

Majestic Princess (Photo: Fincantieri)

Italian shipbuilder Fincantieri has launched its first cruise ship destined for the Chinese market, and will now begin interior fittings ahead of the vessel’s delivery scheduled for spring 2017.   The newbuild Majestic Princess is the third ship of the Royal Princess class built for


IBIA Celebrates 23th Annual Dinner

Jens Maul Jørgensen (Photo: IBIA)

Association appoints new board members and sets priorities for the future   The International Bunker Industry Association (IBIA) has appointed three new members to its Management Board and one new member to the IBIA in Africa Board. The appointments were announced at the Association’s


Carbon War Room Launches Shipping Efficiency Advisory Board

Six leaders and influencers from across the shipping industry will join global NGO Carbon War Room’s (CWR’s) Shipping Operation Advisory Board. Their backgrounds span the shipowning, chartering, technical analysis, finance, and academic worlds.  


INTERSCHALT Debuts Maritime Data Engine Application

Photo courtesy of INTERSCHALT

INTERSCHALT maritime systems AG, the provider of maritime software and services, as well as the manufacturer of VDR systems, introduces the background application Maritime Data Engine (MDE).   Compared with previous systems, the MDE features two new innovations for on-board data


Minerva Marine Turns to BMT for Monitoring

Photo courtesy of  Minerva Marine

BMT SMART (BMT), the specialist fleet and vessel performance management company of BMT Group, has announced the successful installation of its vessel performance monitoring system on board two of Minerva Marine’s chemical tankers, MINERVA LEO and MINERVA TYCHI.  


CIMAC Announces its New Board

 A new CIMAC Board is due to come into force at the completion of the CIMAC World Congress in Helsinki in June 2016 for the customary three-year tenure, 2016-2019.   The new CIMAC Board will have Klaus Heim, Chief Technical Officer of OMT S.p.A as the new CIMAC President


GulfNav Unveils Expansion Plans

From right to left Mr. Khamis Juma Buamim, Group CEO, Abdulla Saeed Abdulla Brook Al Hemeiri, Chairman, and Ahmad Al Kilani, Board Member Photo Gulf Navigation

Gulf Navigation Holding PJSC (GulfNav), the Dubai-based shipping company, has announced in a press conference at Rose Rayhaan by Rotana today (Tuesday, April 19, 2016), its key expansion plans to increase its assets under management and service-based revenue.


New CEO at GulfNav Leads Expansion Plans

From right to left: Khamis Juma Buamim, Group CEO, Abdulla Saeed Abdulla Brook Al Hemeiri, Chairman, and Ahmad Al Kilani, Board Member of Gulf Navigation (Photo: Gulf Navigation)

Dubai-based shipping company Gulf Navigation Holding PJSC (GulfNav) has announced in a press conference at Rose Rayhaan by Rotana April 19 its expansion plans to increase its assets under management and service-based revenue. The shipping company also revealed the appointment of Khamis Juma Buamim


SPS Deck Reinstatement for Canadian Fishing Vessel

Photo: IE

IE has repaired the deck of a Ueushuk Fisheries Ltd owned fixed gear vessel, the Atlantic Optimist.  The existing steelwork on board the vessel was badly corroded, access tight and a crop-and-replace repair was an unattractive option.  


Port of New Orleans Head LaGrange to Retire

Gary LaGrange (Photo: Port of New Orleans)

The Port of New Orleans’ board of commissioners announced today that port president and chief executive officer Gary LaGrange will retire at the end of his current contract in April 2017.The board is expected to name the port’s current chief operating officer, Brandy Christian


Port of Vancouver CEO Coleman to Step Down

Todd Coleman ((Photo: Port of Vancouver USA)

Todd Coleman, CEO of Port of Vancouver USA, step down from his position May 19, after 15 years with the port.   Coleman, a Professional Engineer, began his career with the port in 2001, when he was hired as Facilities Manager. After three promotions






 
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