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New Chief

RB Royal Announces New Chief Operating Officer

The appointment of John E. Valek to Chief Operating Officer (COO) of RB Royal Industries, Inc. was announced by John W. Neumann, Jr., the company's Chairman and CEO. Valek will also continue to perform his duties as Executive Vice- president and General Manager. A graduate of Michigan Technological University, Valek received a B.S. in Metallurgical Engineering. He has been with the company since 1994.


Zargon Oil & Gas Announces Resignation of CFO

Zargon Oil & Gas Ltd. announces that Mr. Jason Dranchuk has tendered his resignation as Vice President, Finance and Chief Financial Officer of Zargon effective July 14, 2014 to pursue other opportunities. "We sincerely appreciate Jason's professionalism, commitment and contributions to our company during the last 12 years and we wish him the very best in his future endeavors," said Craig Hansen, President and Chief Executive Officer of Zargon.


German shipbuilder P+S Werften Edges to Brink

German shipbuilder P+S Werften fights for time to stave off insolvency. Troubled German shipbuilder P+S Werften, which operates two of the country's biggest shipyards, has asked some of its customers to pay for ships in advance to bridge a liquidity shortfall and avert insolvency. New Chief Executive Ruediger Fuchs has approached Danish shipper DFDS, passenger ferry operator Scandlines and Greenland's Royal Arctic Line, a P+S spokesman told Reuters recently.


Sustreanu Named COO of FleetPro Group

Christine Sustreanu (Photo courtesy of FleetPro Group)

Christine Sustreanu will join FleetPro Group June 1, 2015 as its new chief operation officer (COO), the company announced in a press release.   Sustreanu, who presently serves as general manager at Uniworld Boutique River Cruise collection, will replace Robert Heijlands, cofounder and COO of FleetPro, who decided to resign when handing over the COO role to Christine Sustreanu.   “Robert Heijlands has been instrumental in the successful growth and high client satisfaction of


Bennett Named BOEM’s Chief for OREP

Jim Bennett (Photo: BOEM)

New leadership for BOEM’s Office of Renewable Energy Programs   The Bureau of Ocean Energy Management (BOEM) Director Abigail Ross Hopper announced James (Jim) F. Bennett as BOEM’s new Chief for the Office of Renewable Energy Programs (OREP), the program responsible for overseeing offshore renewable energy development on the Outer Continental Shelf.   Bennett has 35 years of Federal service and has served in a variety of capacities around the Department of the


Skou Replaces Andersen as Maersk CEO

Soren Skou (Photo: Maersk)

Danish shipping and oil company A. P. Moller-Maersk has appointed Soren Skou, head of its container shipping unit Maersk Line, as new chief executive for the group replacing Nils Smedegaard Andersen who has been in the job since 2007. Soren Skou will remain as CEO of Maersk Line in addition to his position as CEO for the Maersk Group. Andersen will leave the group, Maersk said in a statement. "The Board of Directors has tasked the new management to investigate the strategic and


USS New Orleans Enters Dry Dock

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USS New Orleans (LPD 18) entered a dry dock in Bahrain April 25 to continue repair work on the ship's hull. The Navy signed a firm fixed-price contract with Arab Shipbuilding and Repair Yard (ASRY) Shipyards in Manama, Bahrain to repair New Orleans. The repair contract includes planning efforts, material procurement, pre-fabrication and dry dock repair work and is expected to be completed in 10 to 14 days. The amphibious transport dock was damaged in a collision with USS Hartford (SSN


German Shipyard FSG Re-organizes Top Management

Peter Sierk: Photo FSG

Flensburger Schiffbau-Gesellschaft (FSG) says it will be headed by a new management team from January 1st 2015, details as follows: Current Chief Technology Officer Frank Bywater will be joined by Markus Bartsch as new Chief Executive Officer. Current CEO Peter Sierk will take over the management of FSG parent company NSH (Nord- deutsche Schiffbau-Holding) and as a result take responsibility for overall strategy as Chairman at FSG.


ASNE to Host Launch & Recovery Symposium

The American Society of Naval Engineers (ASNE) announced that registration has opened for its Launch and Recovery Symposium 2014: Launch and Recovery of Manned and Unmanned Vehicles from Surface Platforms. The theme for 2014 is Mission Effectiveness, Safety and Affordability. The event is slated to take place November 19-20, 201 at the Maritime Institute conference center in Linthicum, Md. According to ASNE, the symposium provides an opportunity to learn about launch


Vallihu Named Chief Executive of S. African Ports

Richard Vallihu (Photo: Transnet National Ports Authority)

South African port authority, Transnet National Ports Authority, has appointed Richard Vallihu as its new Chief Executive, following the retirement of Tau Morwe.   Richard Vallihu took up the reins as Chief Executive of South African port authority, Transnet National Ports Authority, on April 1, 2015.   He succeeds Tau Morwe, who led the company for a number of years before opting for retirement in March 2015.  


Maersk Chairman: Company Could Be Split Up

Michael Pram Rasmussen (Photo: A. P. Moller-Maersk)

A. P. Moller-Maersk's chairman says that the Danish shipping and oil conglomerate could be split up in several companies, after it on Thursday appointed the head of its container business as new chief executive.   "The question is whether we should be a large group


HMM May Hire Foreign CEO for Revival

Photo: Hyundai Merchant Marine

 Hyundai Merchant Marine (HMM) will start the process to appoint a new chief executive officer (CEO) when Hyundai Group loses control on Aug. 5, reports Korea Times quoting un-named industry sources.   The challenged shipper will begin a new chapter in its 40-year history


Cost Cuts Ease Pain of Maersk's Gloomy Shipping Forecast

File photo: Maersk Line

Net profit below forecasts, operating figure above; group hit by low freight rates and low oil prices. A.P. Moller-Maersk's progress in cutting costs reassured investors on Friday after the Danish shipping and oil giant reported a sharp decline in quarterly profit and its new chief executive


Maersk Break-Up Soon ?

Photo: Maersk Line

 A.P. Moeller-Maersk A/S, in its strategic review, is considering several options including a two-way split into an energy and a transport company, says a Bloomberg report.   According to Danish daily Berlingske, the shipping group is likely to break up into transportation and energy


Radio Holland Awarded Remote Monitoring Agreement

Photo: Radio Holland

Radio Holland, part of the newly formed company RH Marine Group, has been awarded a Remote Monitoring Agreement from The China Navigation Company (CNCo).   Under the new agreement, Radio Holland will install VDR Remote Interface on board three more CNCo vessels (Coral Chief


Gulf Navigation Appoints Parag Jain CEO

Parag Jain, CEO, Gulf Navigation Holding (Photo: Gulf Navigation Holding)

Gulf Navigation Holding PJSC (DFM: GULFNAV), the Dubai-based shipping company, has confirmed the appointment of Parag Jain as the company’s new Chief Executive Officer (CEO). The confirmation is a welcome move as Jain has been serving in the capacity of acting CEO since May of this year


New Chief of Staff at Odfjell

Øistein Jensen (Photo: Odfjell)

Øistein Jensen has been appointed as new Chief of Staff at Odfjell, commencing in his new position from February 29, 2016.   Jensen is a Norwegian citizen and presently holds the position as Director at PwC. He is a graduate of the Royal Norwegian Naval Academy and has among other


ABS Names New Chief Engineer

Bret Montaruli (Photo: ABS)

Montaruli steps up at ABS as technical engineering authority.   ABS, a provider of classification to the global marine and offshore industries, announced the appointment of Bret Montaruli as Vice President and Chief Engineer. In his new role


Deng Huangjun New CFO for China Cosco

Pic: China COSCO Holdings Co

 China Cosco Holdings has appointed Deng Huangjun as its new chief financial officer, after his predecessor Tang Runjiang resigned. Deng, 53, is also a director and deputy managing director at Cosco Pacific.     Tang Runjiang has resigned with effect from 14 March 2016 due to


Wassmer Named CEO at Kelvion

Robert Wassmer (Photo: Kelvion)

Robert Wassmer will join Kelvion, a globally active manufacturer of industrial heat exchangers, as Chief Executive Officer (CEO) and Managing Director of Kelvion Holding GmbH effective as of July 1, 2016, the company’s shareholder committee announced.  


Golden Ocean Names New CEO and CFO

Photo: Golden Ocean

The board of Golden Ocean Group Ltd. announced a pair of leadership appointments, naming Birgitte Ringstad Vartdal as the new Chief Executive Officer of Golden Ocean Management AS and Per Heiberg as the new Chief Financial Officer of Golden Ocean Management AS.  


DNS Appoints Esson, Chief Executive

Roger Esso Photo DNS

Decom North Sea (DNS), the representative body for the offshore decommissioning industry, which promotes and facilitates collaboration and cost reduction, today appointed a new chief executive.   Roger Esson brings over 20 years’ highly relevant experience as DNS continues to play a


Cheniere Appoints Jack Fusco as CEO

Jack Fusco. Photo: Cheniere Energy

 Jack Fusco was named chief executive and chairman of Cheniere Energy Monday, ending a leadership search that began after activist investor Carl Icahn ousted the company’s founder.   Fusco's installation as Cheniere’s new chief comes after a messy boardroom drama led to the


Singapore Exchange in Talks to buy Baltic Exchange

Baltic Exchange privately owned by 380 shareholders. The Singapore Exchange (SGX) is in exclusive talks to buy London's Baltic Exchange, which has been at the heart of the global shipping industry for centuries, the two companies said on Wednesday.


NOL Appoints New CEO, CFO

Nicolas Sartini (Photo: NOL)

Amid a takeover by France’s CMA CGM, Singapore container shipper Neptune Orient Lines (NOL) has named a new chief executive officer and chief financial officer.   Nicolas Sartini will take over as chief executive officer, succeeding Ng Yat Chung






 
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