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.
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
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
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
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
The government of Cyprus has changed the legal framework of the Cyprus Ports Authority (CPA), which will allow commercial operations at Limassol port to be privatised. The Cyprus Ministry of Transport will call for tenders by the end of this week to attract investors for the use of Limassol Port`s commercial activities, announced Minister Marios Demetriades on Monday, who said the aim is to significantly expand port operations and transform Cyprus into a transit hub for
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
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.
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
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
Beier Radio, Inc. marks 70-years of providing engineering, sales and service for marine electronics around the globe. During its 70 years in business, Beier Radio has grown from being one of the first marine electronics distributors in the southern United States to a leader in integrated vessel
Dry bulk shipping company Diana Shipping and Wilhelmsen Ship Management (WSM) have joined forces in a new 50/50 joint venture named Diana Wilhelmsen Management Limited (DWM). DWM, to be based in Limassol, Cyprus, and will commence operations by the end of June
India's largest private shipbuilding company ABG Shipyard is in talks with Privinvest Holding SAL to sell stake. A report says that Privinvest is expected to acquire up to 49% stake in ABG. A report in the ET NOW says both the companies entered into an exclusivity period for
Global alternative asset manager The Carlyle Group today announced the acquisition of Lauderdale Marine Center (LMC), the nation's largest yacht repair facility in terms of the number of large vessels it can haul and service. Equity for the transaction comes from Carlyle Realty Partners VII
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.
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
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
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
German navigation system manufacturer Raytheon Anschütz says it has launched a new Synapsis software release and hardware infrastructure, which will further enhance the bridge alarm management and add new features and capabilities to the Integrated Navigation System (INS).
ChartCo, a division of Kelvin Hughes, recently announced the release of a new version of its PassageManager data management software. This latest release - PassageManager 5.1 - will be on display at SMM and incorporates a number of new features and improvements. New Features
SBM Offshore today reached an out-of-court settlement ex Article 74 of the Dutch Criminal Code with the Dutch Public Prosecutor's Office (Openbaar Ministerie) over the inquiry into alleged improper payments. Furthermore, the United States Department of Justice has informed SBM
ACE Winches has appointed Colin Black as chief commercial officer, a newly created board of management position. Black is responsible for leading and managing the firm’s overall commercial strategy and the management of the ACE Winch Academy.
Crowley Accord Management Pvt. Ltd., the international ship management venture managed globally by Crowley Maritime Corp.’s ship management group, was awarded full technical management contracts for five new tankers. These tankers will be joined in the coming weeks by three more
By Alexandra Ulmer and Marianna Parraga CARACAS/HOUSTON, March 13 (Reuters) - A subtle change in office attire may be the most telling symbol of a quiet revolution taking place inside Venezuela's troubled economic engine, giant oil firm PDVSA.
Beier Radio, Inc. marks its 70-year anniversary in 2015 providing engineering, sales and service for marine electronics around the globe. During its 70 years in business, Beier Radio has grown from being one of the first marine electronics distributors in the southern United States to a worldwide