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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


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


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


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


Maersk Line Ltd. Tap J. Russel Bruner President & CEO

The Board of Directors of Maersk Line, Limited (MLL) has named J. Russell Bruner the next President and CEO of Maersk Line, Limited. Mr. Bruner will succeed John F. Reinhart, who will step down on January 31, 2014 to become the CEO and Executive Director of the Port of Virginia. Mr. Bruner joined Maersk in 1989 and has been the President and Chief Executive Officer of Maersk, Inc. since 2004. He also has been an Executive Vice President of the A.P. Moller - Maersk Group since 2006. Mr


Gulf Coast Shipyard Group Investment by Littlejohn

Littlejohn & Co., LLC, a private investment firm based in Greenwich, CT, has made an equity investment in Gulf Coast Shipyard Group, Inc. Gulf Coast Shipyard Group, is a manufacturer of a variety of ocean-going and inland marine vessels for commercial and military markets under the brand name TY Offshore, as well as superyachts under the brand name Trinity Yachts. Centrally located on the Gulf Coast of the United States, Gulf Coast manufactures offshore supply vessels, tank barges


DNB Bank Appoints Senior Asia Region Execs

Vidar Andersen: Photo credit DNB Bank

DNB Bank, the leading international shipping and energy bank, has appointed Vidar Andersen its new Head of Asia, based in Singapore with immediate effect. In a related move, Mats Wermelin has been appointed the bank’s new Head of China based in Shanghai, a post which was previously held by Mr Andersen. Group Executive Vice President (Large Corporations and International), Harald Serck-Hanssen, welcomed Mr Andersen and Mr Wermelin into their new positions


Top Guns Shuffle at Carnival Corp.

Alan Buckelew: Photo courtesy of Carnival Corp

Alan Buckelew, currently the president and CEO of Princess Cruises, is being appointed to the newly created role of Chief Operations Officer of Carnival Corporation & plc effective December 1, 2013, reporting to President and CEO Arnold Donald. Details of this appointment and others in the group are as follows: CEO  Arnold Donald said: Buckelew will have oversight of all maritime and port operations around the world and our group collaborative functions


Poppenhouse Named to Board of Directors for Special Olympics

Robin Poppenhouse

Robin Poppenhouse, an operations administration generalist at Huntington Ingalls Industries' (NYSE:HII) Ingalls Shipbuilding division, has been elected to the board of directors for Special Olympics Mississippi. She will replace former Ingalls Shipbuilding president Irwin F. Edenzon, who will step down from the board after the Special Olympics 2014 USA Games, which will take place June 14-21 in New Jersey. "When I first volunteered for the Special Olympics Summer Games in 2009


Executive Director Of Lincoln Maritime Center Quits

  Ellen Gray has decided to step down as Executive Director of Lincoln Maritime Center at the end of the summer.  Rick Pedone, President, Board of Trustees said, "Ellen’s dedication to Lincoln is unsurpassed and her leadership will be missed."


Directorate Changes At Sound Oil

Courtesy Sound Oil

  Sound Oil, the Mediterranean focused upstream oil and gas company, announced that the Board of Directors has decided to implement certain changes to reflect recent progress and developments.   Sound Oil's current Chairman, Andrew Hockey


L-3 SAM Helps Hamburg Süd Meet California Regulations

SAMCon solution with a step down transformer

L-3 SAM Electronics announced today that after one year of preparation time, seven container ships currently chartered by Hamburg Süd and regularly calling at the U.S. West Coast ports of Long Beach, Los Angeles, Port Hueneme and Oakland, Calif


Iain Conn to Leave BP

Iain Conn, Group Managing Director and Chief Executive, Downstream

  BP today announced that Iain Conn, Group Managing Director and Chief Executive, Downstream, is leaving the company and is to step down from BP’s board by the end of the year. Conn has had a career of 29 years with BP, serving on the board  for the past 10 years and in his


BAE Systems Inc. Appoint DeMuro President & CEO

Jerry DeMuro: Photo credit BAE Systems Inc.

Jerry DeMuro, formerly executive vice-president and corporate vice president of the Information Systems and Technology group at General Dynamics,  has been appointed as president and CEO of BAE Systems, Inc., effective February 1, 2014 to succeed Linda P


Raytheon Choose Kennedy to Take Over From CEO Swanson

Dr. Thomas A. Kennedy

Raytheon Company says its Board of Directors has elected Dr. Thomas A. Kennedy to serve as its Chief Executive Officer, effective March 31, 2014, when William H. Swanson, who has served as CEO since 2003, steps down following his 65th birthday.


Laborde Celebrates 16 Years of Business

Photo: Laborde Products

Laborde Products of Covington, Louisiana, observes sixteen years in business in 2014. During this time, the company has expanded both its product line and staff, as well as its reach throughout much of the Gulf Coast area. Growth has brought changes to Laborde's staff


Abrupt Change of Command at Port of Houston

Chairman, Janiece Longoria and the Port Commission of the Port of Houston Authority with new Executive Director Roger Guenther

Colonel Leonard Waterworth, Executive Director of the Port of Houston Authority announced today that he is stepping down as its Executive Director, effective January 31, 2014. Roger Guenther, Deputy Executive Director of Operations, will take over as the Port Authority's Executive Director.


Clarksons Chairman to Step Down

Philip Green: Photo courtesy of Clarksons

Clarksons say that Philip Green has decided to step down as chairman of Clarksons in order to focus on his other responsibilities. His resignation from the board will take effect from the AGM on 9 May. Bob Benton, chairman until last year, will remain a non- executive board member and assume the


Interview: Devon Grennan CEO, Global Diving & Salvage

Devon Grennan  CEO, Global Diving & Salvage

Devon Grennan joined Global Diving & Salvage in 1995 and has served many roles. When company founders Tim Beaver and John Graham stepped down from direct operational involvement, Grennan was named CEO. Maritime Reporter & Engineering News caught up with Grennan for his insight into his


Change of Management at Yanmar

Peter Aarsen

Having reached the age of retirement, Geert Jan Mantel will resign from his position as President of Yanmar Europe B.V. as per June 30, 2014, a position he has occupied since April 1, 2002. He will simultaneously step down as Managing Director of the Yanmar Co


P Elango, CEO of Cairn India steps down

P Elango

Cairn India Ltd. announces that Mr. P Elango, Interim CEO & Whole time Director has decided to step down for personal reasons. The Board has accepted his resignation. Mr. Sudhir Mathur, CFO, has taken over the additional responsibility of leading the organization in the interim


Keppel's Senior Executive Director to Retire

Keppel Corporation Limited announced that Teo Soon Hoe, Senior Executive Director, Keppel Corporation will retire June 1, 2014. Teo will step down as Chairman of Keppel Telecommunications & Transportation Ltd (Keppel T&T) and non-independent director of Keppel Infrastructure Fund


Egypt Opens Tender To Import Fuel In July-Sept 2014

Egypt has launched a tender to import hundreds of thousands of tonnes of petroleum products in the third quarter of 2014, an energy official said on Saturday, as the country tries to stave off a summer energy crisis.


Head Of U.S. State Department's Energy Office To Step Down

Carlos Pascual is the State Department’s Special Envoy and Coordinator for International Energy Affairs

  The head of the State Department's office in charge of energy diplomacy will step down in August after playing a key role in getting countries such as China, India and Japan to cooperate with Western sanctions on Iran, officials said on Friday.






 
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