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 January 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

Huisman Cranes for New Maersk Subsea Support Vessels

In December 2014, Huisman secured a contract from COSCO (Dalian) Shipyard for the delivery of four customized 400mt Rope Luffing Knuckle Boom Cranes and two 100mt

Coast Guard Cutter William Trump Commissioned

The Coast Guard Cutter William Trump was commissioned during a ceremony at Coast Guard Sector Key West Saturday Jan. 24, 2015. The Trump is the 11th fast response cutter in the Coast Guard fleet.

World's Largest Ship Sparks Outrage

Jewish groups in the Netherlands and Britain have reacted with rage and despair at the arrival in Rotterdam of the world's biggest ship, the Pieter Schelte, named

Cruise Ship Trends

ms Veendam Rescues Pilot Off Maui Coast, Hawaii

On Sunday, Jan. 25, 2015, at 5:21 p.m. local time while en route to Lahaina, Hawaii, Holland America Line’s ms Veendam answered a request for assistance from

Baby Medevaced from Cruiseship in Gulf of Mexico

A Coast Guard helicopter crew medevaced an 8-month-old baby girl from the cruise ship Carnival Triumph early Monday morning, 140 miles southeast of Galveston.

26-year Jail Term Sought for Concordia Master

An Italian prosecutor asked a court on Monday to sentence the captain of the Costa Concordia cruise liner to more than 26 years in jail for his role in the 2012 disaster that killed 32 people.

 
 
Maritime Careers / Shipboard Positions Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Ship Electronics Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1986 sec (5 req/sec)