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Board Of Management News

07 Nov 2023

Weichai, Bosch Group Advance Technical Partnership

(Photo: Weichai)

China's Weichai and Germany's Bosch Group have signed a strategic cooperation agreement with the aim to advance technological innovation in areas such as new energy, high thermal efficiency diesel engines and intelligent transport, among others.On November 2, Stefan Hartung, Chairman of the Bosch Board of Management Directors of Bosch Group visited Weichai Group. He met Tan Xuguang, Chairman of Shandong Heavy Industry Group and Chairman of Weichai Power, and held discussions and…

06 Nov 2023

Wärtsilä Announces Restructure

Source: Wärtsilä

Wärtsilä has announced plans to further streamline its marine business portfolio by divesting its Gas Solutions business unit.Gas Solutions is a provider of gas processing systems. However, the business unit has limited synergies with the rest of Wärtsilä’s marine product portfolio. Therefore, Wärtsilä plans to move Gas Solutions to the Portfolio Business in preparation for a divestment. The net sales of Gas Solutions was EUR 293 million in the 12-month period Q4/2022-Q3/2023.Wärtsilä…

27 Oct 2023

Royal IHC to Build Mega 31,000m3 Hopper Dredge for Boskalis

(Image: Royal IHC)

Shipbuilder Royal IHC announced it has signed a contract to construct a large trailing suction hopper dredger (TSHD) for dredging contractor Boskalis.The new TSHD, with a hopper volume of 31,000 m3 will be one of the largest in Boskalis' fleet. It will be built at Royal IHC's yard in Krimpen aan den IJssel, in the Netherlands, for scheduled mid-2026 delivery.Royal IHC and Boskalis—both based in the Netherlands—have been formally working on the project since 2020, when an agreement was reached for the design and engineering of the state-of-the-art dredge.

02 Oct 2023

Bosch Rexroth Appoints North and Central America CEO

Erwin Wieckowski courtesy of Bosch Rexroth

Bosch Rexroth has appointed Erwin Wieckowski, P.Eng. as the new President and CEO of Bosch Rexroth North and Central America based in Charlotte, NC, effective October 1, 2023.The role has been performed on an interim basis by Reinhard Schaefer in addition to his role as a member of the Divisional Board of Management with responsibility for Manufacturing. Schaefer will remain in the region to support the transition.“We are thrilled to have Erwin join our organization,” said Schaefer.

03 Mar 2023

BOA OCV to Sell Subsea Construction Vessel BOA Sub C

BOA Sub C - Credit: BOA OCV

The Norwegian company BOA OCV said Monday it had agreed to sell the subsea construction vessel BOA Sub C. The company did not say who the buyer was or what the vessel's sale price was."After completion of closing, BOA OCV expects, over one or several sweeps over the next three months, to distribute approximately 100-120 percent of the current outstanding amount under the Bonds. Closing is expected to occur during the first half of February," BOA OCV said.BOA Sub C is a 2007-built vessel. It is 138.5 meters long, has a deck space of 2,004 m2, and 153 beds for accommodation.

05 Dec 2022

MAN Energy Solutions to Restructure Executive Board

Dr. Gunnar Stiesch (Photo: MAN Energy Solutions)

MAN Energy Solutions SE announced changes to its executive board slated to take effect January 1.Dr. Gunnar Stiesch will take over the Technology department, which was previously headed by CEO Dr. Uwe Lauber in a dual role, and will join the board as the new Chief Technology Officer. The 52-year-old engineer was previously Head of Engine Development at the company and has worked for the company in responsible R&D functions for almost 15 years.Dr. Uwe Lauber, will in future assume responsibility for Sales…

14 Nov 2022

Callais Joins Conrad Board of Directors

Larry J. Callais (Photo: Conrad)

Conrad Industries Announces Appointment of Larry J. Callais to its Board of DirectorsMorgan City, La. based shipbuilding group Conrad Industries, Inc. announced on Firday that it has appointed Larry J. Callais to its Board of Directors. Callais will serve as an independent Class I director, and as a member of the company’s Independent Directors Committee, effective immediately.Johnny Conrad, Conrad Chairman and Chief Executive Officer, said, “We are pleased to welcome Larry Callais to our Board.

17 Oct 2022

Wärtsilä to Integrate Voyage Business with Marine Power

Hannu Mäntymaa (Photo: Wärtsilä)

Wärtsilä Corporation announced it is integrating its Voyage business into Marine Power as a business unit.The President of Wärtsilä Voyage Sean Fernback will leave the company and he will be succeeded by Hannu Mäntymaa with immediate effect. Mäntymaa, currently VP, Performance Services in Wärtsilä Marine Power, will take over to lead the integration process until year-end and will join Wärtsilä’s Board of Management for the interim period. He will then continue as the Head of the future Voyage business unit as the integrated organization becomes effective as of January 1, 2023.

18 Jul 2022

Project Launched to Study Transport of Liquid Hydrogen from Portugal to Netherlands

Credit: Vopak

Shell New Energies NL BV, ENGIE, Vopak, and Anthony Veder have signed an agreement to study the feasibility of producing, liquifying and transporting green hydrogen from Portugal to the Netherlands, where it would then be stored and distributed for sale.The consortium envisions hydrogen being produced by electrolysis from renewable power in the industrial zone of the Sines port in Portugal. Then the hydrogen would be liquified and shipped via a liquid hydrogen carrier to the port of Rotterdam for distribution and sale.

08 Jul 2022

Klein Appointed Chairman, CEO of ZF Friedrichshafen

Dr. Holger Klein (52) will take up the post of Chairman and CEO of ZF Friedrichshafen AG at the turn of the end of 2022. Photo courtesy ZF Friedrichshafen AG

Dr. Holger Klein, Member of the Board of Management responsible for the Asia-Pacific region, Car Chassis Technology Division, Aftermarket and Production, will succeed Wolf-Henning Scheider as Chairman and CEO of ZF Friedrichshafen AG at the end of 2022.At the same time, Dr. Peter Laier will join the Board of Management to lead the Commercial Vehicle Solutions (CVS) and Industrial Technology divisions succeeding Wilhelm Rehm. ZF Chief Financial Officer Dr. Konstantin Sauer will leave the company by the end of 2022 after many years of service.

28 Jun 2022

AkzoNobel Names Poux-Guillaume as Next CEO

Gregoire Poux-Guillaume (Photo: AkzoNobel)

Coatings manufacturer AkzoNobel announced that Gregoire Poux-Guillaume will become the company’s new chief executive officer (CEO) as of November 1, 2022. He will succeed Thierry Vanlancker, who has been CEO and member of the board of management since 2017, and whose term of office is coming to an end.Poux-Guillaume, a French national, is an international business leader with 25 years of experience. Previous roles include CEO of Sulzer, CEO of GE Grid Solutions (previously Alstom…

08 Apr 2022

HAL Making 'Good Progress' With Boskalis Takeover Offer

Boskalis heavy transportation vessel carrying an FPSO - Image Credit; Boskalis

HAL Holding, which on March 10 announced plans to launch a takeover offer for the Dutch marine services and dredging giant Boskalis' all remaining shares, said Thursday it was making good progress with the offer preparation.The company had said in March it planned to launch an all-cash voluntary public offer of €32.50 per share for all issued and outstandingordinary shares of Boskalis. HAL had 46.2% shares at the time of the announcement."HAL confirms that it is making good progress on the preparation of the Offer.

11 Mar 2022

Tech File: Battery-buffered Diesel-electric Hybrid Drive Proves Value on German FiFi Boats

Hamburg Fire Fighting Vessels Dresden and Prag sport diesel-electric hybrid propulsion and battery systems from EST-Floattech. Photo courtesy EST Floattech

Hamburg Fire Fighting Vessels Dresden and Prag sport diesel-electric hybrid propulsion and battery systems from EST-Floattech.After the first 100 days of operation, operator Flotte Hamburg is reports it is satisfied with the two new firefighting ships Dresden and Prague: "Due to the full approval for the use of the EST battery system 'Green Orca 1050' on inland waterway vessels, which was already available at the start of the project, the first hybrid ships of the Hamburg fleet…

10 Mar 2022

HAL Plans to Make Takeover Offer for Boskalis and Take It Private

Boskalis heavy transportation vessel carrying an FPSO - Image Credit; Boskalis

HAL Holding said Thursday it intended to launch an offer for the Dutch marine services and dredging giant Boskalis' all issued and outstanding ordinary shares of Boskalis, at €32.50 per share.HAL, which currently holds 46.2% of the issued Boskalis shares, said it supported Boskalis’ current strategy, and that it has no intention to change its management or governance, "and is committed to the long-term interests of Boskalis and its stakeholders, including its employees."The company…

11 Jan 2022

Finnlines Announces Management Changes

(Photo: Finnlines)

Finnish passenger and ro-ro shipping company Finnlines announced on Tuesday that Merja Kallio-Mannila and Torkel Saarnio have been appointed as member of the group’s board of management.Kallio-Mannila has been appointed as member of the Finnlines Group’s board of management as of January 1. She continues in her present roles as deputy head of group sales, marketing and customer service, and as head of sales and customer service Finland.Saarnio has been appointed as Line Manager HansaLink & Hanko/Helsinki–Rostock and as member of the Finnlines Group’s board of management as of February 1.

31 Mar 2021

Royal Caribbean's New Cruise Ship Odyssey of the Seas Delivered

Odyssey of the Seas (Photo: Meyer Werft)

Royal Caribbean Group on Wednesday took delivery of its newest cruise ship Odyssey of the Seas, built at the Meyer Werft shipyard in Germany.The 169,000 GT, 347.1-meter vessel is the last of five Quantum Ultra class cruise ships started in January 2013 with the launch of Quantum of the Seas."Royal Caribbean Group commissioned us in 2011 to build the first two units of the Quantum class, which have been very popular with passengers since day one. We have continuously improved and developed these ships…

22 Mar 2021

Geelen Nominated as Fugro CFO

Barbara Geelen (Photo: Fugro)

Dutch-based geo-data specialist Fugro said its supervisory board has nominated Barbara Geelen for appointment as member of the board of management and chief financial officer. She will succeed Paul Verhagen, who is slated to step down as Fugro CFO at the upcoming general meeting of shareholders.Geelen's nomination as member of the board of management in the role of CFO for a period of four years until the general meeting of shareholders in 2025, will be submitted to shareholders for approval at an extraordinary general meeting of shareholders to be convened on May 12.

25 Feb 2021

Autonomy is a Journey: Wärtsilä Voyage Helps Define and Drive Maritime’s Automated Future

Image: Wärtsilä Voyage

As the maritime industry faces numerous environmental and efficiency challenges, the future is ship automation and Wärtsilä Voyage is a driver. Sean Fernback, President, and Thomas Pedersen, Director, Automation & Dynamic Positioning, Wärtsilä Voyage discuss the path and the pace with Maritime Reporter TV.Sean, to start, it seems many define “autonomy” differently. How do you define Wärtsilä's smart-autonomy approach?Sean Fernback, President, Wärtsilä VoyageAutonomy is a journey and there is no question that, at some point, various vessels in different classes will be fully autonomous.

21 Oct 2020

Bandwidth Efficiency will Drive Maritime Digitalization

Applied Satellite Technology (AST)

Gregory Darling and Applied Satellite Technology (AST) works with shipowners to help them use their bandwidth more efficiently for ship business and crew needs.When Gregory Darling, Group MD, AST, worked in the marine industry in the 1980s with a marine survey company, he needed to get word to one of his ships off of West Africa to recalibrate its course and head off to a new job. But the ship had left port, and radio calls to the ship went unanswered, resulting in two days of lost time and revenue.“That was frustrating and costly…

09 Sep 2020

Anderson Joins Tidewater Board

(Photo: Tidewater)

Offshore support vessel (OSV) owner Tidewater Inc. announced Wednesday the appointment of Darron M. Anderson to its Board of Directors, effective immediately.Anderson has served as President and Chief Executive Officer and as a member of the board of directors of Ranger Energy Services since March 2017. He previously served as President and Chief Executive Officer of Express Energy Services from 2008 to August 2015. Anderson began his career in the oil and natural gas industry…

28 May 2020

Paddy Rodgers Joins V.Group Board

Paddy Rodgers (Photo: V.Group)

Ship management and services company V.Group announced that Paddy Rodgers has been appointed as a non-executive director.Rodgers had been CEO of Euronav for almost 20 years before stepping down from the post in 2019. Under his leadership Euronav grew from a family operation with 17 vessels to one of the largest international tanker companies with 73 vessels. He is currently Director at the Royal Museums Greenwich, England comprising of the Royal Observatory, Cutty Sark, National Maritime Museum and Queen’s House.“I am honored to be joining V.Group at such a challenging and exciting time…

30 Apr 2020

Seafox Proposes to Take Over GMS

A GMS jack-up unit - Credit: GMS

The Dutch owner of a fleet of offshore jack-up service vessels Seafox has made a non-binding proposal to take over the UAE-based jack-up specialist GMS. Both companies provide offshore service support jack-up units for hook-up and commissioning in the oil & gas and offshore wind industries.Seafox made the proposal on Sunday, April 26, citing "recent trading and share price volatility in relation to GMS." The proposal is for a possible cash offer for the entire issued and to be issued share capital of GMS by a wholly-owned subsidiary of Seafox…

05 Mar 2020

Wärtsilä Reorganizes Its Marine Business

Jaakko Eskola, President & CEO of Wärtsilä Corporation (Photo: Wärtsilä)

Wärtsilä announced it will reorganize its marine business into three independent entities, with the objective to accelerate strategy execution and simplify the business structure.The new businesses, consisting of Marine Power, Marine Systems and Marine Voyage, will be operational as of July 1, 2020.The organizational structure change is a continuation to the shifts made in 2019, whereby Wärtsilä's equipment and service businesses were integrated to strengthen the focus on complete lifecycle solutions…