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New Management

New Management Elected At BIMCO

BIMCO Informatique has elected Jan Henrik Monsen as manager, while Per Løvgren was appointed IT Manager. Monsen, who has been marketing executive for BIMCO, will now be responsible for the administrative and commercial areas of the organization such as development of standard products and marketing functions. As IT manager, Løvgren, who has been with BIMCO since 1996, will be closely coordinated with the department and include all technical matters involving the organization.


EIVA CEO Hansen Resigns

The board of directors of maritime and offshore software provider EIVA has accepted Lars Hansen’s resignation as CEO. Hansen has accepted a new management position in the United States and will relocate to the US with his family towards the end of the year. “We have appreciated Lars’ dedicated management style and straightforward way of communicating during the time we have had the pleasure of working with him


Essar Shipping Ports and Logistics: New Management Structure

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Mumbai: Essar Shipping Ports & Logistics Limited (ESPLL) which is a part of Essar Group today held its Committee of Directors (Demerger Committee) meeting and announced the completion of the demerger process. The committee fixed 19th May 2011 as the record date. ESPLL announced that the company has received all the approvals hence the completion of the process. The company also announced the new management structure for the two companies once they are listed on exchange


Consortium Formed to Invest in China Shipbuilding

At the invitation of China Steel Corp. (CSC) and Yang Ming Marine Transport Corp., Wan Hai Lines Ltd. has shown its willingness to enter into a consortium led by CSC to invest in the state-run China Shipbuilding Corp., which has decided to go private through public bidding, according to a report on Taiwan Headlines. China Shipbuilding estimated it would sell a 51 percent up to 66 percent stake to become a privately owned firm


ABS Elects Tony Nassif as Executive Vice President

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In response to its continued global expansion, leading international classification society ABS has strengthened its executive leadership team with the election of Tony Nassif as Executive Vice President and Chief Operating Officer of the society. The election was made by the ABS Board of Directors at its meeting this week. Nassif moves to ABS from his position as President and CEO of the society’s wholly owned affiliate, ABS Group of Companies Inc.


NCL Pays Fine for Cruise Pollution

As a result of its voluntary reporting of irregularities, Norwegian Cruise Line Limited (NCL) has reached an agreement with the U.S. Attorney's Office for the Southern District of Florida and the US Department of Justice to plead guilty to a single count of violation of Title 33, U.S.C., Section 1908, for the knowing failure to maintain an accurate Oil Record Book aboard the S.S. Norway prior to May 2000. Under the plea agreement, NCL has agreed to pay a fine of $1 million


Marine Rebound Strengthens RINA Results

Ugo Salerno

International engineering, testing, certification and classification group RINA has reported improved results for 2013. Its performance was strengthened by an upturn in marine activities and a drive to improve efficiency and drive down costs. RINA turnover for 2013 increased 4% to €294 million, while EBITDA was up 6% to €37.2 million. Ugo Salerno, RINA Chairman and CEO said, “Returning confidence in the global marine markets and a new management team which took on their


FMC Chairman Calls for Global Regulatory Summit on P3 Alliance

Photo: CMA CGM

The U.S. Federal Maritime Commission Chairman, Mario Cordero, issued a call to fellow regulators in the European Union and the People’s Republic of China, to join with him in a Global Regulatory Summit on the proposed P3 Global Alliance of the world’s three largest container carriers, Maersk Line, CMA-CGM, and Mediterranean Shipping. The Summit would take place in Washington, D.C., with regulators to discuss their respective regulatory roles in considering the impact of the


2010 and the Rise of Sinopacific Shipbuilding Group

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It might be hard to judge now if the global shipbuilding industry is recovering, but an encouraging story is certainly taking place in China in 2010. According to Clarkson Research Services, China overtakes Korea as the world's top shipbuilder in the first half of 2010 and kept ahead in terms of three major industry indicators, including new orders, order backlogs and delivery. As China’s leading private shipbuilding company


BV Completes first Energy Management Systems Audit

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Bureau Veritas has completed the first certification audit of any shipping company in the world  to the new standard ISO 50001- 2011 - Energy Management Systems.   Stena’s ship management division,  Northern Marine Management Ltd including  Northern Marine Management (USA) LLC,  has achieved certification to BS ISO 50001, which ensures systematic monitoring and control of energy usage, helping to optimise efficiency, reduce fuel consumption


FSL Trust Sees First Quarterly Profit Since 2011

Photo: FSL Trust

FSL Trust Management Pte. Ltd. (FSLTM), as trustee-manager of First Ship Lease Trust (FSL Trust) has generated a profit of  $1 million for the 2Q of the 2014 financial year. This profit compares to a $7.2 million loss for the 2Q’s corresponding previous year


Rio Tinto Pulls Plug on Mozambique Coal Venture

Photo courtesy of Rio Tinto

Rio Tinto has agreed to sell coal assets it bought through a $4 billion acquisition of Riversdale in 2011 for just $50 million to an Indian joint venture, ending its ill-fated venture in Mozambique's coal sector. The sale of Rio Tinto Coal Mozambique to International Coal Ventures Private


Aker Solutions Reports Earnings Prior to Split

Offshore work: Image credit Aker Solutions

Aker Solutions reports its second-quarter 2014 earnings ahead of its plan to split into two companies at the end of September 2014. One company will keep the current name and be comprised of the Subsea, Umbilicals, Engineering, and Maintenance, Modifications and Operations (MMO) areas.


Singapore's Ezra Holdings Profits Rocket

Offshore construction vessel: Photo EMAS

Ezra informs that it has sustained another quarter of growing revenues and improving operating performance with fiscal 9M 2014 revenues crossing the US$1 billion mark. Highlights Gross profit up 73% to US$163.6 million in 9M14 on strong contribution from Subsea Services division


China State Shipbuilding, CNPC Among 11 Caught in Auditor Snare

China's National Audit Office has found irregularities at 11 state-owned conglomerates ranging from misrepresentation of assets to illegal property development, highlighting the challenges the government faces in overhauling the public sector.


Veolia Retakes Control of Corsica Ferry Company

The board of France-Corsica ferry operator SNCM on Monday voted out its chief executive who had sided with trade unions, allowing shareholder Veolia to retake control and restructure the loss-making firm. Veolia wants to put Societe Nationale Corse Mediterranee under court protection to shield


MOL Group Introduces New Management Plan

Overall Strategies

Mitsui O.S.K. Lines, Ltd. (MOL) announced a new three-year midterm management plan that will take effect in April 2014, called "Steer for 2020". MOL Group has been carrying out all plans in single-year plan "Rise 2013" with goals of restoring profitability and laying a


New Stainless Steel Chemical Tanker Platform

Principal Maritime Management LLC of Southport, Connecticut, a shipping company owned by affiliates of Apollo Global Management LLC, has formed a new platform in the stainless steel chemical shipping sector. Additionally, Princimar Chemical Carriers has acquired its initial three stainless steel


Maersk Sells Stake in Dansk Supermarked Group

Image: Dansk Supermarked Group

Following a 50 year partnership between A.P. Moller -Maersk and the Salling Group the two parties today agreed to hand over the majority stake in Dansk Supermarked Group (Dansk Supermarked A/S and F. Salling A/S) to the Salling Companies (F. Salling Invest A/S og F. Salling Holding A/S).


ABS Forms Asset Performance Management Group

ABS Chairman and CEO Christopher J. Wiernicki

ABS, a provider of global maritime classification services, announced the formation of the Asset Performance Management Group (APMG). The new organization integrates several existing services into a single team focused on complete life cycle performance services that complement traditional


Jensen Get Tankship Construction Management Contracts

Ray Martus with his wife Trish Martus: Photo courtesy of Jensen Maritime

Jensen Maritime Consultants , Crowley Maritime's Seattle-based naval architecture and marine engineering company, has been awarded a new construction management contract for four new 330,000-barrel, Jones Act product tankers, being built by Aker Philadelphia Shipyard Inc.


New Commercial Director for Bibby Ship Management

Mark Robertshaw

Bibby Ship Management Group Ltd announced the appointment of Mark Robertshaw as its new Commercial Director, joining the business on September 23, 2013. His responsibilities will also include the role of new Managing Director for Bibby Ship Management’s Western Europe office


Port2Port completes Pilot Audit of the ISO/PAS 28007

Photo: Port2Port

Port2Port Maritime has completed a pilot audit assessment for ISO/PAS 28007. After a rigorous and meticulously detailed, top down validation process conducted from the company headquarters to overseas operating locations and out to the point of embarkation


Changes at PRS Helm

Clockwise from top left: Dariusz Rudziński, Grzegorz Petkke, Jan Jankowski and Jerzy Wyrzykowski

Polish Register of Shipping announces that the long-serving President of the Board of the classification society Dr. Jan Jankowski, and Board Member Jerzy Wyrzykowski are stepping down from their posts in June in 2013. They had been at helm of the Society for 16 years.


Crowley Solutions Raises Asia/Pacific Profile

Craig Tornga:Photo credit Crowley

Crowley's project management organization, 'solutions', will soon expand its presence in Asia Pacific market with new office and construction of up to four dedicated heavy-lift deck barges. Because of changing market conditions and a commitment to proactively support customer needs






 
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