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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


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


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


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


BAE Systems' Leader Linda Hudson Set to Retire

Linda P. Hudson: Photo credit BAE Systems

Linda P. Hudson, president and CEO of BAE Systems, Inc. since 2009, has announced her plan to retire from the company following a distinguished career in the defense industry. To ensure a seamless transition, Hudson has agreed to remain in post through the first quarter 2014


Horst Binnig to Succeed Dr. Gerd Kleinert as Rheinmetall CEO

Horst Binnig

Horst Binnig was appointed CEO of Rheinmetall Automotive's parent company KSPG AG and will take over beginning January 1, 2014. As Executive Board member of Rheinmetall AG, he will also represent the interests of the automotive sector within the Rheinmetall Group


SUNY Maritime President Announces Departure

Rear Admiral Wendi B. Carpenter, USN (Ret.)

SUNY Maritime College President Rear Admiral Wendi B. Carpenter, USN (Ret.), announced on Friday, September 6, 2013, that she will step down shortly after the completion of the Fall semester. Admiral Carpenter has served as President since August 31, 2011


DONG Get Billions in Funding, Appoint New CFO

Marianne Wiinholt: Photo credit DONG

DONG Energy, a leading energy group with offshore interests in Northern Europe, announce that Goldman Sachs will subscribe for new shares for DKK 8 billion, ATP for DKK 2.2 billion and PFA for DKK 0.8 billion. Coincidentally, Carsten Krogsgaard Thomsen will step down as CFO after 11 years with


OMSA Enters Leadership Transition

Ben Billings

The Offshore Marine Service Association announced that it will begin a transition of leadership. Several months ago, President and Chief Executive Officer Jim Adams informed the OMSA Board of Directors that he would be stepping down by the end of the year to manage a startup business that he and


Scana Industrier CEO Steps Down

Jan Henry Melhus: Photo courtesy of Scan Industrier

Norwegian marine, energy, steel and machinery group Scana Industrier announce that as from 1, November 2013, Rolf Roverud leaves his position as CEO of Scana Industrier ASA and Jan Henry Melhus will act as CEO from the same date. Currently, Melhus holds the position as Executive Vice President /


Grennan to Head Global Diving & Salvage

Devon Grennan

After more than 30 years as founders and owners of Global Diving & Salvage, Inc., Tim Beaver and John Graham continue to remain excited about the future of the company. This month, they announced the newest chapter in Global’s history; Devon Grennan, President for the past four years


Cuccias to Succeed Edenzon as Ingalls President

Brian Cuccias

Huntington Ingalls Industries (HII) announced today that Irwin F. Edenzon will retire on Dec. 1, 2014. Edenzon is currently corporate vice president and president of Ingalls Shipbuilding, a division of Huntington Ingalls Industries. Although Edenzon will not officially retire until December 2014


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


 
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