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

People & Company News

CMA CGM, Chinese Bank in Finance Deal

French container shipping group CMA CGM said on Tuesday it will sign a $1 billion financing agreement with the Export-Import Bank of China. Marseilles-based

Maersk: No Issue in Funding Greek Operations

Oil and shipping conglomerate A.P. Moller-Maersk said on Tuesday it was experiencing no problems funding operations in Greece or getting paid by Greek customers

Technip Wins Jurong's FPSO Conversion Contract

Technip has been awarded a topsides detailed engineering and procurement services contract by Jurong Shipyard Pte Ltd. The project is part of the conversion of a shuttle tanker into a floating,

Energy

Technip Wins Jurong's FPSO Conversion Contract

Technip has been awarded a topsides detailed engineering and procurement services contract by Jurong Shipyard Pte Ltd. The project is part of the conversion of a shuttle tanker into a floating,

SeaZip Offshore Service Commences Operation

Harlingen-based SeaZip Offshore Service has entered into a partnership agreement with Heerema Marine Contractors (HMC). HMC, the world's market leader in transporting,

Samsung Bags Order for Decks on Johan Sverdrup

Statoil, on behalf of the Johan Sverdrup license, has awarded Samsung the contract for decks for both the process and riser platforms.  The total contract value is NOK 7 billion.

Middle East

Global LNG Prices Hold, Supported by Middle East Demand

Asian liquefied natural gas (LNG) spot prices for August delivery were firm on Friday, underpinned by steady demand from the Middle East and the potential for stronger

UASC Exempted from Controlled Carrier Rules

The U.S. Federal Maritime Commission (FMC) voted unanimously to grant the Qatar-controlled United Arab Shipping Co. (UASC) exemption from its controlled carrier

Bahrain: ASRY Moves into New Vessel Construction

One of the world's premiere ship repair facilities, ASRY based in Bahrain, unveils its move into new vessel construction. ASRY signed an agreement with the Bahrain

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar
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: 0.2284 sec (4 req/sec)