Adrion Appointed CEO of CP Ships

Tuesday, January 03, 2006
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.

Mr 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.

Mr Kranich, also CFO of Hapag-Lloyd AG, will also retain his previous duties. He will succeed current CFO Ian Webber who will leave his post at the end of January.

Adolf Adrion joined Hapag in 1957 and assumed various management functions. He was appointed a member of the executive board of Hapag-Lloyd AG in 2004. Adrion is CEO of Hapag-Lloyd Container Line. He is also chairman of the Far Eastern Freight Conference (FEFC), as well as chairman of the World Shipping Council and chairman of the Box Club, both important international container shipping industry associations.

Ulrich Kranich, a business economics graduate who has held various positions at Hapag-Lloyd since 1975, is responsible for the group finances area. In 1997, he was appointed manager of Hapag-Lloyd Container Line, being responsible in this position for the entire fleet expansion as well as the controlling of ship and container system costs worldwide.

The chairman of the CP Ships board of directors (comparable to a supervisory board in Germany) and chairman of the Hapag-Lloyd executive board, Michael Behrendt, emphasized that these appointments are crucial steps in the process of the integration of the two companies.

"This is an ideal constellation. We are pooling the top expertise at CP Ships and Hapag-Lloyd, thus maintaining continuity as well as driving forward our integration as envisaged for completion by 2007," Mr Behrendt noted.

In addition to Michael Behrendt as chairman, the members of the board of directors of CP Ships are Adolf Adrion, Brian Westlake, a lawyer based in Toronto, and Holger Oetjen, manager of Hapag-Lloyd Canada.

With its acquisition of CP Ships, Hapag-Lloyd has joined the Top 5 in global container shipping. Hapag-Lloyd and CP Ships have a combined fleet of about 140 vessels with a total capacity of 410,000 containers (TEU). Hapag-Lloyd is a company of TUI AG, based in Hanover/Berlin.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter February 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

SunEdison Restrained from 'Unusual' Asset Transfers

Solar company SunEdison Inc said a U.S. court has restrained the company from making any unusual asset transfers until a hearing in a lawsuit brought on by investors

Maersk to Scrap Ships at India's Alang Beaches, NGO Dismayed

Maersk Line said on Friday it had chosen four shipbreaking yards along India's Alang beaches to handle an increase in vessels that need to be scrapped, to the dismay

Teknotherm Marine Moves HVAC Arm to Bergen

Maritime heating, ventilation and air conditioning (HVAC) firm Teknotherm Marine has established a new subsidiary is established with the name Teknotherm Marine HVAC AS.

Tanker Trends

Owner Fined for 'Dangerously Unsafe' Vessel

The owner of a harbor tanker has been fined £3,000 with more than £7,000 costs after pleading guilty to a charge of operating a vessel for being dangerously unsafe.

Shipping Corporation Q3 Profit Surges

The Shipping Corporation of India (SCI) declared its unaudited financial results for the quarter ended 31st December 2015 posting a net profit of Rs. 59.66 crores as against a net profit of Rs.

Sea IT, Veritas Tankers Ink Long-term Software Deal

Sea IT has entered a long term ICT agreement with Veritas Tankers. The agreement comprises installation of BlueCORE Generation 4, an ICT platform specifically developed for the marine industry,

 
 
Maritime Careers / Shipboard Positions Maritime Security Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Shipbuilding / Vessel Construction Sonar 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: 0.0862 sec (12 req/sec)