IPIC Takes Over Chairmanship of Gulf Energy Maritime

MarineLink.com
Wednesday, May 15, 2013
(L-R): Mr. Khalifa Abdulla Al Romaithi, new chairman of GEM; Mr. Saeed Abdulla Khoory; current chairman of GEM; and Mr. Ahmed AL Falahi, CEO of GEM.

Abu Dhabi Government-owned investment group, International Petroleum Investment Company’s (IPIC) Khalifa Abdulla Al Romaithi, Head of Portfolio Management Division, has taken over chairmanship of Gulf Energy Maritime PJSC (GEM),  from Saeed Abdulla Khoory, Chief Executive officer of Emirates National Oil Company (ENOC).

Al Romaithi assumes GEM's top post in its Board of Directors, which rotates every three years between IPIC and ENOC. Khoory remains a board member of GEM and will at the same time focus on his increasing role at ENOC.

Upon assumption of his new role, Al Romaithi will oversee strategies required for GEM to build upon nine years of continued growth. His appointment is significant as GEM continues to enjoy the trust and confidence of the industry, which allows it to increase its capacity and capability to deliver to customers such high quality services. His experience at IPIC aims to further elevate GEM’s standing as one of the leading product tanker operators in the world.

Al Romaithi started his career as an Assistant Investment Manager at IPIC in June 2003. In 2006, he represented IPIC on the Board of Directors of Oman Polypropylene Company, and in 2007 was appointed to the Board of Directors of listed Japanese refiner, Cosmo Oil Co., Ltd. (Cosmo”. During the same year, he became a member of Cosmo’s Strategic Steering Committee and CSR Promotion Committee.

In 2008, Al Romaithi was appointed to the Board of Directors of a Kazakhstan joint venture private equity fund, Al Falah Growth Fund, and in 2009, he was appointed to the Board of Directors and Executive Committee of the Qatar Abu Dhabi Investment Company (QADIC). Prior taking over as Chairman of the Board of Directors of GEM, Al Romaithi has been a Member of its Board of Directors since 2010.

 

Maritime Reporter August 2013 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Del Mar Signs Agency Agreement with Ciramar

Del Mar Marine Corp. announced it has signed an agency agreement with Ciramar Shipyards allowing the company to promote Ciramar Shipyard´s docking and facilities

Bouchard Orders Two Newbuild ATB Tugs

Morton S. Bouchard III, President and CEO of Bouchard Transportation Co., Inc., today announced the next step in Bouchard Transportation Co., Inc.’s ongoing fleet

Great Lakes Shipyard Wins EPA Drydock Contract

Great Lakes Shipyard has been awarded a contract for the United States Environmental Protection Agency (EPA) vessel R/V Lake Explorer II. The scope of work will include drydocking,

Energy

Japan Loans Petrobras $500m to Build Ship Platforms

Brazil's state-controlled oil company Petrobras signed on Friday a $500 million loan from Japan to build eight ship platforms for the oil industry, as part of the

SEACOR Holdings Announces Q2 Results

SEACOR Holdings Inc. has announced its results for its second quarter ended June 30, 2014. For the quarter ended June 30, 2014, net income attributable to SEACOR Holdings Inc.

Kurdish Crude Oil Tankships: End-Game Still in Doubt

After a legal show-down in Texas this week, the outlook for a handful of tankers holding some $300 million worth of Kurdish oil is not looking good. Seemingly

Middle East

Iraqi Kurdish Pipeline Stopped; Tanker in Limbo off Texas

Iraqi Kurdistan's attempts to export oil independently of Baghdad hit another obstacle on Wednesday, as a Turkish energy official and industry sources said the

USNS Ship Rescues Nine in Gulf of Oman

'USNS Richard E. Byrd' (T-AKE 4), a Lewis and Clark-class dry cargo ship, rescued 9 crew members from a Yemeni-flagged cargo vessel 'Asaed' that had lost power,

Iraqi Kurdish Oil Nears US Port Despite Concern in Washington

A tanker carrying crude oil from Iraqi Kurdistan is just one day away from arriving at a U.S. port, according to ship tracking satellites, despite Washington's

 
 
Maritime Contracts Maritime Security Maritime Standards Pipelines Port Authority Salvage Ship Repair Shipbuilding / Vessel Construction 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: 0.2847 sec (4 req/sec)