New Directors News

Belgian oil tanker and storage operator Euronav said on Thursday its shareholders had elected John Fredriksen from Frontline, a major investor that pulled out of a merger deal with Euronav this year, to its supervisory board. Euronav said shareholders had also approved the nomination to the supervisory board of Marc Saverys from CMB, the Belgian group's largest shareholder, which opposed the Frontline merger that would have created the world's largest publicly listed tanker company.The…

A U.S. court will decide whether a board of directors appointed by Venezuelan President Nicolas Maduro or one backed by his rival, opposition leader Juan Guaido, runs the eighth-largest U.S. refiner, Citgo Petroleum Corp.A lawsuit filed by Maduro's representatives on Tuesday in Delaware Chancery Court seeks to reassert control over Citgo , along with other U.S. subsidiaries of PDVSA , the Venezuelan state-run oil company.Citgo, Venezuela's most important foreign asset, has been caught in a tug-of-war as U.S.

The liquefied natural gas (LNG) advocacy group SEA\LNG has announced the appointment of Paul Taylor representing Société Générale and Capt M. Segar representing MPA (The Maritime and Port Authority) of Singapore as Directors of SEA\LNG Ltd.Following elections last December, Tahir Faruqui and Xavier Pfeuty also join the SEA\LNG Board as new directors representing Shell and Total Marine Fuels respectively.Welcoming them to the Board, reappointed Chairman Peter Keller said: “2018 was an exciting year for the LNG industry and our coalition. As our membership grew to 36 we welcomed Société Générale as our first financial institution and additional ports, including MPA Singapore.

President and CEO of the Port of Cleveland, William D. Friedman, was elected chairman of the Green Marine’s Board of Directors following the corporation’s Annual General Meeting on May 31, during GreenTech 2018, in Vancouver B.C. Friedman has been sitting on the Green Marine Board since 2013.The Port of Cleveland is one of the environmental program’s founding members. “I’ve been engaged on the Green Marine board for the last five years, and the Port of Cleveland has adopted a similar commitment as a member.

Cyprus-based American Hellenic Hull Insurance (AHHI) surpassed key targets during its first year of operation: 1,900 insured vessels, written premium income exceeded $10 million and covered 35 million GT on 100% basis, said a press statement. During its latest Board meeting in June 2017, American Hellenic Hull Insurance Company appointed two new Directors, Angelos Kostakos of Oceanstar Management Inc. and . Panagiotis Christodoulatos of Ikaros Shipping & Brokerage Kostakos is Legal, Insurance and Claims Director of Oceanstar Management Inc. and a member of the Board of Directors of the American P&I Club since 2008. Christodoulatos is Managing Director of Ikaros Shipping & Brokerage with 30 years of experience in Shipmanagement…

The Board of Harbor Commissioners has approved the appointments of new directors for the Port of Long Beach’s Finance, Surveys and Transportation Planning divisions. Maurina Lee, previously the Harbor Department’s controller, will become the Director of Finance. She has been controller since March of last year and was previously finance manager for the city of Downey from 2006 to 2015. The Finance Division oversees an annual budget that is $829 million this fiscal year. It is part of the Finance and Administration Bureau. Robert Seidel, who has been the Port of Long Beach’s chief surveyor since 2006, will be the new Director of Surveys.

Freeport-McMoRan Inc co-founder James Moffett will step down as chairman and quit its board, months after the miner added two new directors under pressure from billionaire investor Carl Icahn. Freeport said Moffett, who had been appointed chairman emeritus, would be a consultant to its board and advise the company on its Indonesia operations, including Grasberg. Moffett was instrumental in the discovery and development of Grasberg, one of the world's biggest gold and copper deposits. The company's shares fell 7.5 percent to $7.00 in morning trading. Moffett stepping down probably has more to do with a health problem rather than pressure from Icahn, Bradford Research analyst Charles Bradford told Reuters. Icahn, who owned 8.8 percent stake in Freeport as of Sept.

London-listed explorer Wessex Exploration has signed a heads of agreement to acquire Hague & London Oil (Halo) which holds a prospective asset in the Philippines. Consideration for the acquisition will be satisfied by the issue to the vendors of 241m ordinary shares in the company, about 25% of the enlarged capital. On completion, the Heads of Agreement calls for HALO to hold US$1 million in cash.

FLIR Systems, Inc. announced that Cathy Stauffer and Catherine A. Halligan have been elected to its Board of Directors, effective immediately. The addition of Stauffer and Halligan increases FLIR Systems' Board of Directors to 10 members, eight of whom are independent. "I am pleased to welcome Cathy Stauffer and Cathy Halligan to FLIR Systems' Board of Directors," said Earl R. Lewis, Chairman of the Board of FLIR Systems. "With over five decades of executive marketing experience between them, these talented individuals bring to our Board a remarkable range of brand management expertise, strategic marketing, and omni-channel business capabilities, with particular focus in the consumer electronics industry.

Pipeline engineering specialist STATS Group said it has appointed two new directors as part of a strategy to increase its international presence in key oil and gas regions. The newly created roles see Dave Vernon promoted to Director of Isolation Services and Dale Millward promoted to Director of EPRS & Subsea Services. Dave Vernon has been with STATS for 14 years in a range of senior roles and has managed major UKCS and international isolation and intervention projects. Dale Millward joined STATS in 2005 and has been integral in developing the company’s design…

Flexible pipe specialist FlexTech said it has surpassed its first year turnover target of £500,000 just six months after start-up and anticipates reaching £1million by the end of the year. Flexible pipe expert Craig Keyworth established the Aberdeen-based company in March of this year, after operating as a flexible pipe consultant for a number of years prior. Mr. FlexTech’s core business is the successful delivery of flexible pipe and riser engineering projects, offloading systems and integrity management and inspection.

Alan Olivier was elected Chairman and President of the UK P&I Club at their board meeting in Bermuda on October 28. He succeeds Dino Caroussis who has retired from the board. Mr. Olivier, 53, Chief Executive Officer of Grindrod Limited, became a Director of the UK Club in 2000 and a Deputy Chairman in 2006. Mr. Caroussis, 61, of Chios Navigation, had been the Club’s Chairman for the past five years, having joined the board in 1996 in the shipping division. He held senior treasury and financial positions before his appointment as chief executive of Unicorn Shipping in 1995.

The UK Club Board has decided on a general increase for 2014 renewal of 10 per cent. This across the board premium rating increase is in addition to any increase in the cost of the International Group reinsurance. Overall, the Club’s financial position remains strong with the free reserves and capital standing at US$473 million and total assets of US$1.6 billion as at 20 August 2013. Since these figures were recorded at the half year, the position has improved with investment income increasing from $6 million to $33 million.

GulfMark Offshore, Inc. (NYSE:GLF) has announced the election of Steven W. Kohlhagen and Charles K. Valutas to its Board of Directors for terms expiring in June 2014. Steven W. Kohlhagen is a retired financial executive who brings to the Board expertise in financial accounting, finance and risk management through his extensive experience in, and knowledge of, the financial, securities and foreign exchange markets. He has held various positions in the private sector, including investment banking, asset management, and most recently as a consultant with AMETEK, Inc. He currently serves on the Board of Directors, the Business and Risk Committee and the Compensation Committee of Freddie Mac. He also serves on the Boards of Directors for Abtech Holdings, Inc., Reval Inc.

FSL Trust Management Pte. Ltd. (FSLTM), as trustee-manager of First Ship Lease Trust (FSL Trust), announced the appointment of Mr. Simon Davidson and Mr. Timothy James Reid to its Board of Directors. Simon Davidson joins the Board of FSLTM as independent and non-executive director. He is a partner at Holman Fenwick Willan in Singapore and has practiced in the areas of shipping, commodity and other litigation in the High Court in London, the High Court in Hong Kong and in arbitration in London, Hong Kong, Singapore and numerous other jurisdictions over a period of nearly three decades. Timothy James Reid will serve as non-independent and non-executive director on the Board of FSLTM. He is currently a Director of FSL Holdings Pte. Ltd., the sponsor of FSL Trust. Mr.

To facilitate further growth and to support the Managing Director, BMT ARGOSS (BMT), a subsidiary of BMT Group Ltd, has announced  the appointment of two new Directors. Shane Amaratunga whose career with BMT dates back to 2000 will assume the role of Director of Internal Affairs, while Wilfred Aaldriks will take the position of Director of External Affairs. Focusing on internal strategies, Shane’s main responsibility will be to ensure the effective execution of overall conformance activities within each of the company’s business lines in order to achieve excellence in areas such as technical…

2H Offshore Inc., an Acteon company, has named Glen Jewell and Hanh Ha as additional directors of its London office. The roles came into effect at the start of 2013. Jewell and Ha will join John McGrail and Alex Rimmer and will share responsibility for the management of the engineering activities and the continued success and development of the business. Ha’s primary activity sector will be flexible riser, flowline and umbilical engineering, and Jewell’s focus will be drilling and production risers and conductor systems.

STATS Group has appointed two new directors as part of a strategy to double the size of the business. Carl-Petter Halvorsen has joined the pipeline engineering company as business development director while Dave Shand takes up the newly created post of chief operating officer. The dual appointments will strengthen STATS’ management team and free up chief executive officer Pete Duguid to focus on international development of the company’s unique range of piping and isolation tools for the oil and gas industries.

Following an election, the International Bunker Industry Association (IBIA) has appointed Robin Meech (Marine and Energy Consulting) and Ciric Cheung (Fratelli Cosulich Bunkers HK) to its board from 1 April 2012. They replace previous IBIA chairman Mike Ball (Gearbulk UK) and Mustafa Muhtaroglu (Energy Petrol) who have served seven and nine year terms of office respectively. Trevor Harrison was re-elected to serve another term.   The announcement was made at the IBIA Annual Dinner in London by Vice Chairman Nigel Draffin who, as previously announced, becomes Chairman on 1 April.

The Spill Control Association of America (SCAA), a professional association representing oil spill removal organizations (OSRO), spill managers, qualified individuals, consultants, equipment and material manufacturers, distributors, insurers, and educational and governmental organizations, announced the appointment of three new SCAA Directors and the renewal of a fourth Director for another two-year term. The appointments were announced at the Annual Meeting on March 8 in Alexandria, Va.

Pipeline isolation specialist STATS Group has appointed two new directors, as it gears up for major international expansion, following a £7.8 million equity investment. Former Expro executive chairman Graeme Coutts takes on a non-executive role in what is his first appointment since retiring from the global oilfield services company last year. Leigh Howarth, former managing director of Petrofac Training Services, has joined the STATS Group board as chief financial officer. Both directors were introduced to STATS by the Business Growth Fund (BGF)…

Decom North Sea (DNS), the offshore oil & gas decommissioning forum, held its annual general meeting last night in St Andrews, with 10 new directors elected from across all sectors of the decommissioning industry. The meeting heard that the supply chain body now has 213 fee paying members. Attendees were also given an overview of Decom North Sea activity over the past year and an update on progress against the various strategic objectives. Brian Nixon, Decom North Sea’s chief executive, said: “We are delighted to have elected a board of experienced directors to Decom North Sea. These industry professionals bring experience and knowledge from various sectors of the industry, which is vitally important for DNS going forward.

International health and safety training specialist, Falck Nutec, has strengthened its UK management team with the appointment of two new directors. Allison Walker steps up to director of sales and marketing, Niel Rennie has been appointed finance director and they will be supported by human resources manager Gillian Jagger who takes on a senior role within the management team. Falck Nutec operates in the oil and gas, marine and renewable sectors, providing a range of vital training courses and expert advice…