Chief Executive Office News

The Australian Alliance for Animals has written an open letter to animal exporters imploring them to voluntarily suspend all live animal exports to or through the Red Sea while the risk of attack remains and to suspend any extended journeys to the Middle East via the Cape of Good Hope.The move follows the recently aborted voyage of the Bahijah. The livestock carrier sailed from Australia for Israel on January 5 but was recalled over a week into the voyage after diverting towards…

Hess Corp on Thursday said drilling results expected this month could add a seventh platform in Guyana, which would lift the nascent oil producing nation's output above the 1.2 million barrels of oil equivalent per day planned.The U.S. oil producer is part of the Exxon Mobil Corp-led consortium that controls all production in the tiny South American nation. The group has confirmed so far plans for six floating production vessels in the country, home to the world's largest offshore…

Diesel outboard engine manufacturer Cox Marine announced an expanded contract with UAE partner Gulf Yachts to cover additional regions as exclusive distributor.Gulf Yachts is increasing its territories beyond Qatar, Oman, Kuwait and Lebanon to also distribute in UAE and Bahrain, and the new deal confirms the Doha-based company as the largest distributor of the CXO300 diesel outboard in terms of volume of sales.Appointed by Cox Marine in 2020, Gulf Yachts has a growing order book…

U.S. offshore support vessel company Tidewater has announced the promotion of two key members of the company’s executive team, Sam R. Rubio and David E. Darling, to the positions of Chief Financial Officer and Chief Operating Officer, respectively.Rubio has been promoted to Executive Vice President and Chief Financial Officer, following his accomplishments serving as the Company’s Chief Accounting Officer and Controller since joining Tidewater following the combination with GulfMark Offshore, Inc. in 2018. Prior to joining Tidewater he served as GulfMark’s Senior Vice President and Chief Financial Officer, after holding the position of Chief Accounting Officer for over 10 years.

United States Marine, Inc. (USMI) has been awarded a $108 million contract to produce vessels for the U.S. Special Operations Command (USSOCOM).The Gulfport, Miss. based shipbuilder will use the five-year, indefinite-delivery, indefinite-quantity contact to build combatant craft assault vessels to support the USSOCOM missions around the world.USMI Chief Executive Office Barry Dreyfus, Jr., indicated the contract would allow the company to retain and possibly expand its workforce.“USMI looks forward to continuing our work on behalf of the warfighter and we appreciate the confidence the United States Special Operations Command continues to have in us. We are also proud to work with the tremendous members and Staff of the Mississippi delegation.

Canadian National Railway (CN) said it plans to invest more than $245 million in Saskatchewan in 2019 to expand and strengthen the company’s rail network across the province.“Following a record capital program in 2018, CN brought on 25% more qualified train conductors in Western Canada and added over 10% more active high horse power locomotives to its network. This year, CN is investing $35M more than last year to bring greater capacity to CN’s mainline to benefit all commodities,” said Doug Ryhorchuk, vice-president of CN’s Western Region.The Saskatchewan investments are part of CN’s 2019 record $3.9 billion capital investment focused on enabling growth from all commodity segments…

Shahid Ali has been appointed as the new Chief Executive Office of Maldives Ports Limited.Maldives Ports Limited annouced the appointment through a twitter message which read: "On behalf of all the staff and management of Maldives Ports Ltd, we would like to send a hearty congratulations to our newly appointed CEO, Shahid Ali"Shahid previously held the position of Managing Director at State Trading Organization.The Port was established in September 1986 under a Presidential decree as , to manage and operate all ports within the country.The company was firstly introduced as an authority.It is wholly (100%) owned by the government of the…

Aberdeen headquartered Sentinel Marine said it has taken delivery of the latest in its fleet of multi-role emergency response and rescue vessels (ERRVs). Biscay Sentinel was delivered at the Cosco Guangzhou shipyard in China this month and is expected to arrive in Aberdeen in early May. She will immediately join Sentinel Marine’s fleet of ERRVs providing support and lifesaving services to the oil and gas industry in the North Sea. The 62-meter British-flagged vessel is the seventh of Sentinel Marine’s new breed of ERRVs…

Saudi Arabian maritime transport and logistics company Bahri has appointed Abdullah Aldubaikhi as its new chief executive office. Aldubaikhi’s appointment, which takes effect January 1, 2018, comes as the company gears for a new phase of expansion following several months of growth, according to Bahri chairman, Abdulrahman M. Al-Mofadhi. Aldubaikhi joins Bahri from Saudi Agricultural and Livestock Investment Company (SALIC), where he served as CEO for six years. He previously held senior management roles at several firms, including Afwaf Investment, Awalnet and DowLog Technology Company.

Project, breakbulk and heavylift cargo transport company Intermarine, LLC announced that its President & CEO, Andre Grikitis, will be awarded with the Admiral of the Ocean Sea by the United Seaman’s Service (USS) at the organization’s 48th annual gala at the Sheraton New York Times Square Hotel, New York City, on October 13, 2017. The Admiral of The Ocean Sea Award (AOTOS) has been presented annually by United Seamen's Service for the past 47 years. The AOTOS Award is given in…

Sixty-four young men and women started their careers at Hapag-Lloyd on yesterday (August 01). Chief Executive Office Rolf Habben Jansen warmly welcomed the new apprentices this morning during an event held at Hapag-Lloyd’s headquarters in Hamburg. In the land division, 21 young men and 17 young women began their training programs to become shipping agents, forwarding and logistics clerks, office management clerks and warehousing specialists. In addition, some of the on-shore apprentices are also starting dual-track courses of study in Logistics Management, Business Administration, Maritime Management, Information Systems and Applied Informatics. Four more grant holders will also join the IT department in October.

Thome Group is giving its full support to Singapore Maritime Week with several senior executives speaking at key events during the packed programme. Michael Elwert, Director of Group Strategy, HR & Support, will chair a session at the Sea Asia conference on Thurs April 23 to discuss Navigating Challenges: The Way Forward. He will also discuss 21st Century Ship Supply at the celebratory 60th annual Convention of the International Ship Suppliers and Services Association on April 26 and is a panel member at the 2nd Offshore Marine Crewing & Manning Conference on April 21 where he will debate Compensation, Welfare and Retention. Phillip Chamberlain…

Paragon Offshore plc reported that it has acquired 52,749,014 shares of Prospector Offshore Drilling S.A., a publicly traded offshore drilling company listed on Oslo Axess. Paragon acquired the shares at a price of 14.50 Norwegian kroner (NOK) per share, or $2.13 per share based on the exchange rate of one United States dollar to 6.80 NOK. Following this transaction, Paragon owns a total of 52,749,014 shares of Prospector, equal to 55.8 percent of the outstanding shares of Prospector.

Allcargo’s multi purpose vessel “Allcargo Susheela” successfully loaded 9 pieces of Heavy lift & ODC cargo from Jawaharlal Nehru Port’s shallow berth last week. It is for the first time that an Indian flag vessel has moved multiple heavy lift cargo in one go. Same vessel had earlier carried 2 nos. generators weighing 105 MT each from Mumbai to Cochin. During last few months she was engaged in carrying project cargo in the Persian Gulf. "Susheela" berthed at JNPT on 8th May and loaded all the Heavy lift units ranging in height from 5.5 Mts to 6.1 meters and weighing from 62 MT to 121 MT. Considering the challenge of multiple cargo, Allcargo’s Shipping team innovated its strategy by undertaking double penetration…

The shipping industry has shown great resilience in battling through the recent economic downturn, according to InterManager President Gerardo Borromeo. But he urged caution following a recent jump in new build tanker orders, stating: “We live in interesting and challenging times”. In his New Year message to InterManager members, Mr. Borromeo said, “As we have seen, even when we think we see the light of day, there remains a specter of uncertainty. “In general though, we have managed through the most difficult parts of the economic crisis dating back to 2008…

Bill Terry, Chairman of the Board of Commissioners of Port Freeport, announces the selection and appointment of Mr. Glenn Carlson as Executive Port Director and CEO. Chairman Terry noted that after several months of diligent searching and review of a number of excellent applicants, the Board reached a unanimous decision in the selection of the new Executive Port Director and Chief Executive Office for Port Freeport. Mr. Carlson has an extensive background in port operations and the transportation industry spanning over 37 years.

Northrop Grumman Corporation announced that its board of directors has elected Ronald D. Grumman's next chairman of the board. Effective Oct. officer and president. chairman since 1990, will retire on that date. 2003 as president and chief executive officer. boards," said Sugar. Grumman in September 2001 and its chief executive officer in April 2003. has served as a member of the Northrop Grumman board of directors since 2001. Industries, a company acquired by Northrop Grumman in April 2001. Information Systems and a member of the chief executive office of TRW Inc. global automotive electronics business. scientific, and commercial space and electronics programs. Aircraft Co., Argosystems Inc. and The Aerospace Corporation. (1969) and doctoral degrees (1971) in the same field.

ABS has certified the first Evergreen Marine Corporation (Taiwan) Ltd. containership to the IMO’s International Ship and Port Facility Security Code (ISPS Code) The International Ship Security Certificate (ISSC) is the first of what is expected to be a fleet-wide conformance to the Code’s provision well in advance of the July 2004 implementation date. The ISSC was issued by ABS to Evergreen’s 1,164 teu, Hong Kong flag container ship the MV Uni Accord. According to Capt. Hemant Juneja, Division Head for Safety, Environment & Security Certification for ABS Pacific, the MV Uni Accord is not only the first container ship in the Evergreen fleet to achieve certification to the new security standards…

For the fourth quarter ended December 31, 2000, the Chiles Offshore reported net income of $4,401,000 on revenues of $16,752,000. In the corresponding quarter ended December 31, 1999, the company reported a net loss of $2,234,000 on revenues of $5,274,000. For the 12 months ended December 31, 2000, and excluding the effect of certain one time, non-cash charges related to the September 22, 2000 initial public offering of common stock, the company reported net income of $11,559,000 on revenues of $56,006,000. In the corresponding 12 months ended December 31, 1999, the company reported a net loss of $3,963,000 on revenues of $8,596,000. On July 20, 2000 the company entered into an agreement with Perforadora Central, S.A. de C.V.

Northrop Grumman Corporation has appointed Dr. Ronald D. Sugar to its board of directors, increasing the board to 14 members. Dr. Sugar, formerly president and COO of Litton Industries Inc., is corporate vice president, president and CEO of Northrop Grumman's Litton Sector. He joined the board effective with the completion of the company's tender offer for Litton Industries Inc. Prior to joining Litton, Dr. Sugar was president and COO of TRW Aerospace and Information Systems, and a member of the three-man Chief Executive Office of TRW Inc., a $17 billion global automotive, aerospace and information systems company. In his nearly 20 years with TRW, Dr.

In line with the changing business pattern in the ship repair industry and new business opportunities in the fast growing fleet of lng carriers around the world, Malaysia’s Malaysia Shipyard & Engineering (MSE) has entered the lng repair business. The yard has demonstrated its ability to innovate, reposition and transform itself to cater to this specialised niche market and shown its commitment by investing substantially to build up lng repair capabilities and facilities. As part of a drive to enhance capability and expertise in the repair of lng carriers, MSE has entered into a Technical Service Agreement on October 15th 2002 with Gaz Transport Technigaz (GTT).

Northrop Grumman Corporation has named Ronald D. Sugar, president and chief operating officer chairman and chief executive officer. Dr. Sugar was elected to Northrop Grumman's board of directors last April. Kent Kresa, chairman and CEO, stated, "With our recent acquisition of Litton Industries, Northrop Grumman is now a $15 billion top-tier global enterprise with 80,000 employees. Ron's appointment provides our company with additional management depth, experience and expertise at an important time in our company's history. For the past 11 years, Kresa has held the position of chairman, president and chief executive officer, leading Northrop Grumman in its transition from primarily an aircraft company to a leading defense electronics…