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Steps Down

China Rongsheng Chairman Quits

Chairman of China's largest private shipbuilder, Zhang Zhirong, steps down from China Rongsheng Heavy Industries Group. Determined to put scandal behind it, China’s largest private shipbuilder, China Rongsheng Heavy Industries Group, has said its chairman has stepped down. to be replaced by the yard’s CEO, Chen Qiang, reports SinoShip News. Rongsheng was hit by an insider dealing scandal involving a firm owned by Zhang ahead of the $15.1bn bid for Canadian oil firm Nexen Inc by China offshore oil and gas producer CNOOC. Rongsheng’s profits have slumped this year amid a barren time for Chinese yards and shares of the Hong Kong-listed entity have dropped 30%. Source: SinoShip News


OSX Brasil CFO Steps Down, CEO to Take Role

OSX Brasil SA Chief Financial Officer Claudio Antônio da Silva Zuicker is stepping down, and Chief Executive Officer Vladimir Kundert Ranevsky will add the role of CFO, the troubled Brazilian shipbuilder said in a statement on Tuesday.   OSX is the shipbuilding arm of the EBX conglomerate started by fallen tycoon Eike Batista, who was once Brazil's richest man but lost almost everything as his companies failed under mounting debt and missed targets.    


Samsung Chairman to Step Down

's most powerful businessman said he is stepping down after 20 years at the helm of the Samsung group, following his indictment for tax evasion and breach of trust.   A sombre Lee Kun-Hee made the shock announcement at a press conference called to announce reforms to the scandal-tainted group, which employs 200,000 people and accounted for more than 20 percent of the nation's exports last year. Special prosecutors charged Lee last Thursday following a three-month investigation into


Hapag-Lloyd CFO Ganz Steps Down

Peter Ganz (Photo: Hapag-Lloyd)

Hapag-Lloyd CFO Peter Ganz steps down from position; CSAV CFO Nicolas Burr appointed his successor   Peter Ganz will step down from his position as company CFO effective April 1, 2015, also leaving the company on the same day, as announced during today’s meeting of Hapag-Lloyd’s Supervisory Board. The Supervisory Board has given its approval.   The change on the Executive Board comes following an agreement between shareholders stipulating that CSAV


New Chairman Announced at Intercargo

John Platsidakis

Intercargo the trade Association representing the interests of the bulk shipping industry, has announced the appointment of Mr John Platsidakis as Chairman. Mr Platsidakis is currently Managing Director of Piraeus-based Anangel Maritime Services Inc., a function that he will continue to perform alongside his role as Intercargo Chairman. The appointment was made at the Annual General Meeting of Intercargo in London on 9 October


Transocean Shares Poised for Big Move

Photo: Transocean

Transocean Ltd shares are expected to move about 8 percent in either direction following its earnings results on Wednesday, options data showed, but positioning among traders suggests some worry.   This would be the biggest post-earnings move for the shares in at least eight quarters.   The outlook among traders was pessimistic, however, as seven of the ten most active Transocean options on Tuesday were puts, which are usually either a bet on or a hedge against the shares falling


Adrion Appointed CEO of CP Ships

The board of CP Ships Limited has appointed Adolf Adrion new CEO effective 1st January 2006 following the completion of the acquisition of CP Ships by Hapag-Lloyd at the end of 2005 The new CFO will be Ulrich Kranich, effective 1st February 2006. Adrion, also executive board member of Hapag-Lloyd AG, is retaining his previous responsibilities and is taking over from former CP Ships CEO Ray Miles, who stepped down from his post on 31st December 2005.


Adm. Allen Rumored to Head CG

According to UPI, an administration official who spoke on condition of anonymity said that when the head of the U.S. Coast Guard steps down in May, the White House will be nominating Coast Guard chief of staff Vice Adm. Thad Allen to the position. Allen -- who burnished his reputation, and that of the agency, when he stepped in to take control of post-Katrina recovery operations from the disgraced and later fired head of the Federal Emergency Management Agency


Hume New W&O CEO, Guidry Advances in Pon

Photo courtesy W&O

W&O, supplier of marine valves, pipe, fittings, engineered products and valve automation systems, announced that Michael Hume has been appointed President and CEO of W&O. He has been serving as the company’s Chief Operating Officer since 2009.  Jack Guidry, former president and CEO of W&O, has been promoted to Senior Vice President of Pon and CEO of PVI, one of Pon’s American holding companies, which owns W&O, DMC-Carter Chambers and AT Controls


Crescent Unifies Ownership

U.K. shipping and transport group Crescent has unified its ownership structure. As of June 28, 2002, Crescent is wholly owned by the Bahamas-based Clipper Group. "It has been a great challenge to work with Clipper to focus and develop Crescent after its separation from the Hays transport group. It is a good time now for me to move on to new entrepreneurial challenges, and for Crescent to benefit from the backing which only a major group like Clipper can provide," says Hutch Wright


Hempel CEO Jullien Plans Retirement

Pierre-Yves Jullien (Photo: Hempel)

Pierre-Yves Jullien, CEO of Hempel A/S since 2005, has decided to retire after nearly 40 years in the Group. He will step down from his role as CEO on March 31, 2016 at the latest.   Hempel’s board of directors has initiated a search for a new CEO of the group.   


Ampelmann Names New CEO

Photo: Ampelmann

Developer of motion compensation solutions Ampelmann announced that its supervisory board has appointed Jim Craig as the company’s new chief executive officer, effective immediately.   Craig brings more than 25 years of energy industry experience to the role


Transocean to Scrap Two Rigs

  Swiss driller Transocean Ltd. announced yesterday that it intends to scrap, in an environmentally responsible manner, two offshore rigs: GSF Aleutian Key and Sedco 707. The rigs are classified as held for sale.   As a result of this decision


New Korean Maritime Minister Urges for Safety

Yoo Ki-june (The ministry of oceans and fisheries)

 South Korea's new maritime minister Yoo Ki-june urged all-out efforts to enhance maritime safety.   Calling the tragic sinking of a passenger ferry last year the result of a failure by his ministry, Ki-june said that his ministry would work to be aggressive while pursuing its goals


Greek Banks Mull Cutting Shipping Portfolios

Greece's leading banks are considering offloading part of their portfolios of shipping debt worth billions of dollars in a bid to shore up their capital, according to banking and ship financing sources. Greece has secured an extension to its bailout from its European partners


Seacor Holdings Rejig Top Deck

Logo

  SEACOR Holdings Inc.informed that Oivind Lorentzen their Chief Executive Officer has stepped down as Chief Executive Officer, but will continue as a director and non-executive Vice Chairman of the Board of Directors. Charles Fabrikant, Executive Chairman


Founder Stolt-Nielsen Passes Away

Jacob Stolt-Nielsen

Jacob Stolt-Nielsen, 83, passed away today in the company of his family at his home in Oslo.   An entrepreneur and visionary of boundless enthusiasm and energy, Jacob Stolt-Nielsen founded Parcel Tankers, Inc. in 1959 and pioneered the global trade for liquid chemicals


Rolls-Royce Rejigs Top Deck

Chairman, Ian Davis of Roll Royce

  Rolls-Royce announced today that James Guyette, President and Chief Executive Officer of Rolls-Royce North America, has decided to retire after 17 years with the company. He is currently an Executive Director on the Board of Rolls-Royce plc and Chairman of Rolls-Royce North America


Change in CEO at Golar LNG

Golar Ship

  Golar LNG Limited today announced that Doug Arnell has decided to step down as CEO of Golar on February 1, 2015. Mr. Arnell's decision is driven by a personal wish to return with his family to his home country of Canada. Mr. Arnell will be succeeded by Gary Smith


Smith Named CEO of Golar LNG

Photo: Golar LNG

Gary Smith will take over as CEO of Golar LNG limited, taking over for Doug Arnell, who will step down on February 1, 2015.   Smith brings a track record of leadership and operational management in the mid-stream oil and gas, shipping and LNG businesses


Global Navigation Solutions Names New CEO

Global Navigation Solutions (GNS), the maritime services group, has appointed Paul Stanley as Chief Executive with effect from January 5, 2015.    During the last fifteen years, Paul has held a number of senior executive positions in the business information and software sectors


WESMAR Bow Thruster Integrate Safety

WESMAR Bow Thruster integrate safety

  “The WESMAR thruster works really well. It turns the boat on a dime,” says Wylie Sacks of Pembroke Pines, Florida, who with his son, ‘Vinnie,’ a 100-ton licensed captain, operates a charter boat out of Ft. Lauderdale, Florida


WSC CEO Koch to Retire in 2015

Chris Koch (Photo: WSC)

Chris Koch, current president and CEO of the World Shipping Council (WSC), will retire from his position on July 31, 2015, and WSC Senior Vice-President and General Counsel, John Butler, will assume that position on August 1 of next year. Following his retirement as president


Westerhoud Steps Down as President of ECT

Jan Westerhoud (Photo: ECT)

Jan Westerhoud, President of Europe Container Terminals (ECT), will step down and retire from the company effective January 1, 2015, the company announced today in a press release.   This decision was made in consultation with main shareholder Hutchison Port Holdings Limited (HPH), ECT noted


DONG Energy Appoints CEO for E&P

Soren Gath Hansen

  Søren Gath Hansen will step down as Group Executive Vice President and CEO for E&P. His successor is David B. Cook who comes from a position as Executive Officer and Head of Oil & Gas at the Abu Dhabi National Energy Company, TAQA






 
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