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 October 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

World’s Largest Boxship is DNV GL classed

CSCL Globe, the world’s largest containership and the first of a series of five 19,100 TEU containerships ordered by China Shipping Container Lines (CSCL) in 2013,

New Players in Singapore Markets in OW's Absence

The downfall of a leading marine fuel supplier that prompted sellers to tighten credit terms in Singapore is skewing the post-OW Bunker jostle for market share

Japan Military Wants China "Crisis Management" Pact

Japan's highest-ranking military officer on Friday urged an early start to a "crisis management" mechanism with China amid conflicting claims to a group of tiny East China Sea islands.

Energy

EU Regs on Ship CO2 Reporting Complicates IMO Agreement

ICS Concerned that EU will Preempt IMO CO2 Negotiations.   The global trade association for shipowners – the International Chamber of Shipping (ICS) – is disappointed

Asia VLCC Rates Could Could Climb Even More

Owners see rates climb by nearly $22,000 per day; Rates could peak as more tonnage comes free. Rates for very large crude carriers (VLCCs) on key Asian routes

New Players in Singapore Markets in OW's Absence

The downfall of a leading marine fuel supplier that prompted sellers to tighten credit terms in Singapore is skewing the post-OW Bunker jostle for market share

Middle East

NAVCENT Commander Recognizes Journey of Hope Sailors

Commander, U.S. Naval Forces Central Command, U.S. 5th Fleet, Combined Maritime Forces, Vice Adm. John. W. Miller, recognized the accomplishments of three special-needs sailors from the Kuwaiti ship,

HMAS Success Deploys to Middle East

After months of preparation, HMAS Success departed Garden Island in Sydney today for a six-month deployment to the Middle East Region to provide logistic support

DGS Marine Advises Fixed Premium P&I Cover

DGS Marine, a leading global P&I management provider and exclusive manager for the British European and Overseas (BE&O) P&I facility, has highlighted the benefits

 
 
Maritime Contracts Navigation Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction 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: 0.2090 sec (5 req/sec)