OSVs: Restarting that Idled Vessel
Owners of offshore support vessels (OSV) are beginning to examine the possibility of reactivating some of their fleet even as the consistent volatility of oil prices and a healthy stream of ships projected from global shipyards keeps their enthusiasm in check.According to Clarksons, demand for the versatile ships, which support offshore exploration and production activities around the world, edged up 3% in 2018, with marginally higher day rates tempting some units out of lay-up.Most of the idle OSV fleet is unlikely to become active this year…
SHIPPINGInsight Agenda, Keynote Speakers Announced
SHIPPINGInsight announced the agenda and identified keynote speakers for the fifth Fleet Optimization Conference & Exhibition. The annual event will take place October 18-19, 2016, at the Stamford Marriott Hotel and Spa in Stamford, Conn. Capt. Michael Wilson, president & COO of Laurin Maritime (America), will serve as conference chairman. John D. (Jack) Noonan, COO of Chembulk Tankers, and Capt. Norbert Aschmann, CEO of Bernhard Schulte Shipmanagement, will deliver the keynote addresses on Days One and Two.
ABS Elects Corporate Officers
The ABS Board of Directors has elected two senior executives of the classification society to the position of Corporate Officers. Mark A. McGrath currently serving in the appointed role of President and Chief Operating Officer of the ABS Pacific Division and Kenneth L. Richardson who serves as Vice President of Energy Project Development now join the society’s executive management team. Both are ABS veterans. McGrath had previously served as Senior Vice President, Operations for the Pacific Division and has years of experience within that division having served as the Vice President…
ABS New Management in Europe, Asia
Effective 1 July, ABS will introduce new senior management in its Europe and Pacific divisions. At that time, William J. Sember, currently President and COO, ABS Europe Ltd, based in London, will return to Houston as Vice President Global Marketing, responsible for further developing client relations in all sectors. Todd Grove, President and COO of the Pacific Division of ABS will move from Singapore to London, assuming the position of President and COO, ABS Europe Ltd. “Europe remains the center of our shipowner client activity,” said ABS Chairman and CEO Robert D. Somerville. Grove has previously served as President of the Americas Division of ABS and, prior to that, as Vice President Western Europe, based in London.
