Malta Drydocks: Johnson Out, Seeking New CEO

Wednesday, June 07, 2000
Malta Drydocks has issued an international call for applicants for a new chief executive after dismissing the British incumbent a year before his contract expires. Malta Drydocks said it had terminated the contract of Chief Executive Barry Johnson following disappointing financial results for the first five months of this year. "Malta Drydocks will be intensifying its efforts to improve operations because productivity is still low when compared to competitors," the dockyard said. Dockyard officials would not give details on the yard's financial position other than to say that although turnover had increased, revenue from the core ship repair business had dropped by some $1.3 million this year. State assistance to Malta Drydocks last year totaled $87 million in subsidies and debt servicing. The yard's debt currently amounts to $315.5 million. Dockyard officials confirmed that Chairman John Cassar White will have talks with Libyan officials in Tripoli on Friday in a bid to attract more Libyan ship repair work.
Maritime Reporter March 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

Coatings Quietly Helping to Control Noise

U.S. Navy’s AGOR Research Vessels are built to be as operationally quiet as possible. That’s where Mascoat’s Sound Control-dB coatings come in. When the U.S. Navy

Wärtsilä Launches AHTS Vessel Design at Sea Asia

Wärtsilä launched a new anchor handling tug supply (AHTS) vessel design at this year's Sea Asia exhibition held in Singapore from April 21-23.   According to the designer,

Royal IHC introduces IHC Workhorse

Royal IHC has announced an extension to its innovative range of vessels with the introduction of the IHC Workhorse. This new design for a hybrid anchor handling

Cruise Ship Trends

Anthem of The Seas Christened in Southampton

Royal Caribbean's newest ship, Anthem of the Seas, was named in Southampton, U.K.,  in a spectacular ceremony.   U.K. travel agent godmother  Emma Wilby named the 4,

Royal Caribbean Cuts Profit Forecast

Royal Caribbean Cruises Ltd cut its adjusted profit forecast for the year, citing a jump in fuel prices since its January forecast and a strong dollar.   Shares

Thomson Cruises Names New Ship

Thomson Cruises’ newly acquired Splendour of the Seas will be renamed Thomson Discovery when it joins the company’s fleet in summer 2016 and it will homeport in Palma.

 
 
Maritime Security Maritime Standards Naval Architecture Offshore Oil Pod Propulsion Port Authority Ship Electronics Ship Repair Ship Simulators Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1035 sec (10 req/sec)