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
'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
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
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.
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
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
At its meeting on March 7, 2004, Statoil's board of directors appointed Helge Lund (42) as new chief executive for the Statoil group. Mr Lund is currently chief executive of Aker Kværner ASA. "Helge Lund was the first choice of the board and we are very pleased that he has agreed to lead Statoil in the years ahead," said Statoil chair Jannik Lindbæk. Lund graduated as a business economist at the Norwegian School of Economics and Business Administrationin Bergen
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
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
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
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
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
Stolt-Nielsen Limited has announced that Jacob Stolt-Nielsen, the visionary entrepreneur who founded the company in 1959, will retire from the SNL Board of Directors effective December 15, 2014, thus formally concluding his career at the company, 55 years to the date of its founding
Brazil's state-run oil company Petroleo Brasileiro SA extended a leave of absence for the head of its tanker and pipeline unit, Transpetro, for 30 more days according to a filing on Friday. Transpetro President Sergio Machado stepped down temporarily on November 3 as police investigated a
Wood Group announced following changes to its senior management team. Alan Semple, chief financial officer (CFO) has advised the board that he intends to retire and step down from his current role and from the board at the company’s annual general meeting in May 2015
INTERTANKO announced that when its Council of Members met this week in Dubai it elected Nikolas Tsakos – President and Chief Executive of Tsakos Energy Navigation – as Chairman, succeeding Graham Westgarth who steps down after five years in post.
Denmark and its maritime industry are lobbying to get the top position at the International Maritime Organization, a United Nations body that wields great influence over global shipping through its regulations, industry sources said. The current secretary general of the IMO, Koji Sekimizu
FSL Trust Management Pte. Ltd. (“FSLTM”), as Trustee- Manager of First Ship Lease Trust (“FSL Trust” ) informs it has appointed Esben Sofren Poulsson as Non-Executive Independent Director of FSLTM, effective from 30 September 2014.
Continental Resources Inc, the largest oil producer in North Dakota's Bakken shale formation, promoted Jack Stark to president on Wednesday, less than a week after Rick Bott quit the position. Stark, 59, had worked at Continental since 1998, most recently as head of exploration
WGMA says Lyngso’s retirement effective October 1, 2014. Born and raised in Denmark and finishing his shipping education including maritime law studies in 1972, Niels Lyngso has been a longtime stalwart for WGMA. Arriving in the United States in 1972 as a management trainee for Olsen
On 22 July 2014, the Board of Directors of Euronav NV unanimously appointed Peter G. Livanos as Chairman of the Board, with immediate effect in replacement of Marc Saverys who was appointed Vice Chairman of the Board of Directors. Saverys said
Petrofac, the international oil & gas facilities service provider, today announces that Norman Murray, who has been Chairman since May 2011, has resigned from the Board and will step down as Chairman with immediate effect for compassionate reasons.
It has been said that, “There is no reason to design or build an ugly boat.” This is clearly a dictum that those who designed and built the Noman O adhered to. Built in 1970 as the Duncan Foss by the Albina Shipyard under hull number 419, at Portland, Oregon
The tug's owner, 'Norman O', Rick Olson, worked with local Cummins dealer Mike Painer at South East Diesel & Electric in Ketchikan, Alaska, to set up a deal to change the tug's existing Cat D348s rated at 703 HP each for a pair of modern EPA Tier 3 compliant Cummins QSK19 MCRS engines
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