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14 Jan 2024

HX Appoints New CCO

Alex Delamere-White courtesy of HX

HX (Hurtigruten Expeditions) has announced Alex Delamere-White’s official appointment as Chief Commercial Officer (CCO), following six months as acting interim CCO.Based out of the new HX HQ in London, Delamere-White will bring the global functions under one leadership model to further fuel HX’s long-term growth plans, including newly evolved roles for Nathaniel Sherborne and Jim Sayer. Sayer is appointed to SVP Global Marketing bringing together the global marketing functions under his leadership.

15 Sep 2022

Silverstream Names Derodra CFO

Andrew Derodra (Photo: Silverstream Technologies)

British marine air lubrication company Silverstream Technologies announced it has appointed Andrew Derodra as Chief Financial Officer.Derodra’s career spans senior finance and strategic roles in multiple sectors including FMCG, healthcare and software. He brings experience as CFO in FTSE-listed, private equity-owned and founder-led businesses, including in the delivery of shareholder value, equity and debt financing, and M&A.Derodra joins Silverstream as it scales up to deliver a decarbonization solution for application across the global maritime industry.

17 Aug 2022

UKHO Appoints Marion Leslie as Non-Executive Chair

Marion Leslie (Photo: UKHO)

The UK Hydrographic Office (UKHO) confirmed the appointment of Marion Leslie as Non-Executive Chair. Leslie will chair the UKHO Board in this independent position after a year as interim Non-Executive Chair and six years as a Non-Executive Director at the UKHO.The Board supports, challenges and validates the UKHO business strategy and oversees the organization's performance. Leslie leads the Board as Chair, acting in the interests of the Ministry of Defense and key stakeholders…

03 Aug 2022

Lloyd's of London's Hiscox to provide insurance for Ukraine grain corridor

© Elena / Adobe Stock

Hiscox is committed to a planned insurance consortium providing cover for ships travelling through a safe passage from Ukraine, its chief executive said on Wednesday, as the Lloyd's of London insurer shares plunged on a first-half loss.The first grain-carrying ship to leave Ukrainian ports in wartime, following a deal brokered by Ankara and the United Nations, safely anchored off Turkey's coast on Tuesday and is due to be inspected on Wednesday.Trade body the Lloyd's Market Association…

09 Mar 2021

Norway Suspends Rolls-Royce Asset Sale on Security Grounds

Bergen Engines plant in Hordvikneset near Bergen, Norway (Photo: Rolls-Royce)

Norway has suspended the sale of a Norwegian engine maker owned by Rolls-Royce Holdings to a Russian-controlled company while it assesses the security implications for the country’s navy and the civilian sector, the government said on Tuesday.Norway’s NSM security agency is assessing the 150 million-euro ($178 million) sale announced on Feb. 4 of Bergen Engines to a company controlled by Russia’s TMH Group, NSM and the justice ministry said.Britain’s Rolls-Royce said it was selling…

04 Jun 2020

Princess Cruises Extends Suspension of Some Voyages

© NAN / Adobe Stock

Carnival Corp’s Princess Cruises on Thursday extended the suspension of some of its voyages in Australia, Canada and Taiwan as ports around the world remain shut due to the coronavirus crisis.Cruise lines, hammered by a crisis which has seen some ships develop into high-profile infection hotspots, in recent days have been steadily pushing back cancellations well into the second half of 2020.Princess Cruises, long a favorite of older travelers, said it has extended the delay of operations on all cruises sailing in and out of Australia through mid-September on the Sea Princess…

17 Sep 2019

NYK in ESG Index for 17th Year in a Row

Japan's shipping giant Nippon Yusen Kaisha (NYK) has been selected for the Dow Jones Sustainability Indices (DJSI), the world's leading investment indexes for ESG (environmental, social, and governance) criteria, for a 17th straight year.The DJSI, which is a major global index for companies engaging in ESG initiatives, is composed of selected sustainability-driven companies from over 3,500 worldwide companies invited to participate in a selection process consisting of an in-depth analysis of economic, environmental, and social criteria, such as corporate governance, risk management, climate change, and stakeholder relations.In addition…

26 Nov 2018

UK Ambassador Visits Energean's Offshore Facilities

United Kingdom Ambassador to Greece Ms. Katherine Smith visited Energean offshore drilling facilities at Prinos.The Delegation of the British Embassy toured by boat the Prinos Oil Field Platforms and “Energean Force”, the Energean owned drilling rig, which is currently drilling an extended reach well into the Epsilon Oil Field. The Delegation circumnavigated the jack-up rig “GSP Jupiter”, which is currently drilling the first of the three vertical development wells in the Epsilon Oil Field.After concluding her visit to Prinos, British Ambassador Katherine Smith stated: “I would like to thank Energean team for the opportunity of the visit; exciting and informative.

18 Jun 2018

Asian Shares, Oil Fall as US-China Trade Spat Escalates

© victor217 / Adobe Stock

Asian shares fell to a 2-1/2 week low on Monday after U.S. President Donald Trump cranked up trade tensions by going ahead with tariffs on Chinese imports, prompting Beijing to immediately respond in kind.Fears of a global trade war added to pressure on oil prices, which extended Friday's big fall, while the dollar retreated from near 3-week highs against the safe haven yen.Spreadbetters suggested a subdued start for European shares, with FTSE futures off about 0.1 percent. U.S.

30 Jun 2016

Boon, Non-executive Director of ST Engineering Resigns

Singapore Technologies Engineering Ltd (ST Engineering) today announced the resignation of Mr Quek Tong Boon as non-executive Director with effect from 1 July 2016. Mr Quek has been with the Board since 1 March 2008 and has been the Chairman of its Research, Development and Technology Committee. The Board of Directors would like to acknowledge its deep appreciation to Mr Quek for his invaluable contributions to the Board and the Board Committee he has served. ST Engineering, headquartered in Singapore, reported revenue of $6.34b in FY2015 and ranks among the largest companies listed on the Singapore Exchange.  It is a component stock of the FTSE Straits Times Index, MSCI Singapore and SGX Sustainability Leaders Index.

24 Jun 2016

World Stocks Tumble as Britain Votes for EU Exit

Global capital markets reeled on Friday after Britain voted to leave the European Union, with $2 trillion in value wiped from equity bourses worldwide, while money poured into safe-haven gold and government bonds. Sterling suffered a record plunge. The blow to investor confidence and the uncertainty the vote has sparked could keep the Federal Reserve from raising interest rates as planned this year, and even spark a new round of emergency policy easing from major central banks. The traditional safe-harbor assets of top-rated government debt, the Japanese yen and gold all jumped. Spot gold rose more than 5 percent and the yield on the benchmark 10-year U.S. Treasury note fell to lows last seen in 2012 at 1.5445 percent. Stocks tumbled in Europe.

11 Nov 2015

Waldner Appointed LR's Group CFO

Global engineering, technical and business services organisation, Lloyd’s Register (LR), has announced the appointment of Mary Waldner as Group CFO. Mary is currently Group Finance Director at FTSE 250 listed defence, security, transport and energy company Ultra Electronics and replaces Alastair Marsh’s as LR’s Group CFO following his appointment as CEO of the Lloyd’s Register group in October 2015. Mary has a broad range of experience in a variety of sectors and an excellent track record of delivery throughout a number of senior financial roles with major public limited companies. After graduating from Oxford University with an MA in Physics, Mary started her career at Coopers & Lybrand Management Consultancy Services, before working for Vauxhall Motors Ltd.

21 Aug 2015

NYK Selected for FTSE4Good Index

The FTSE4Good Index is a leading indicator used by investors who place importance on corporate social responsibility and sustainability. Approximately 800 global companies from 25 countries around the world are listed in the FTSE4Good Global Index as of July 2015, and 176 of those companies are Japanese. NYK’s environmental activities were seen as particularly noteworthy and led to this13th consecutive recognition. NYK also has been selected for a number of SRI indexes, including the Dow Jones Sustainability Asia / Pacific Index (USA) and Morningstar (Japan). NYK, as a good corporate citizen, will continue to take an active role in social issues, including conservation of the environment, to contribute to the achievement of a better global society.

13 Aug 2015

Shell Arctic Drilling "Risky"

Former BP PLC Chief Executive John Browne said fellow FTSE 100 giant Royal Dutch Shell PLC is risking its long term reputation and finances by deciding to drill n the Arctic, the BBC reported. Both Browne and Shell Chief Executive Ben van Beurden gave interviews to BBC for a Radio 4 documentary concerning climate change, where Browne said Shell should not be prioritising the Arctic as an area for exploration for a variety of reasons, especially in the current downturn. "I'm not chairman of Shell. But I think [Arctic drilling] is very expensive and I would always go for hydrocarbons which have less cost and effort involved. Some companies will genuinely believe - they may be right - that they can produce oil safely and environmentally securely in extraordinary conditions" said Browne.

12 Aug 2015

MOL Membership of FTSE4Good Index Continues

Mitsui O.S.K. Lines, Ltd. today announced that the company continues to meet the inclusion criteria and remains a valued member of the FTSE4Good Index Series: the world's major Environmental Social and Governance (ESG)/Responsible Investment (RI) index (MOL have been selected since 2003). In the end of July 2015, the FTSE Group, owned by the London Stock Exchange, notified us the certificate that we, MOL, are a constituent company in the FTSE4Good Index Series after a thorough assessment process. Companies chosen for these indices must meet international criteria for social responsibility in areas such as corporate governance, environmental protection, human rights, and relationships with stakeholders, and are expected to be leaders in sustainable growth.

15 Apr 2015

Clarkson PLC Enters FTSE 250

On Monday 13 April 2015, Clarkson PLC entered the FTSE 250 index on the London Stock Exchange.  This marks a significant moment in both Clarksons 163 year history and 18 years of trading on the exchange. In thanking all staff for their hard work and committment to the company Andi Case, CEO Clarkson PLC said: "Despite challenging global markets, recent years have seen "Team Clarksons" expand, develop and shape our unique client offer.  We are now a world leading integrated shipping and offshore services group with over 1400 people operating across 48 offices in 20 countries"

01 Jul 2013

FSL Request Share Trading Halt

First Ship Lease Trust (FSL) request halt to trading on exchange from 0830, July 1, 2013, pending a Board of Director's announcement. According to the company's web site: First Ship Lease Trust ("FSL Trust") was constituted as a business trust in Singapore on 19 March 2007 under the Business Trusts Act and listed on the main board of the Singapore Exchange Securities Trading Limited on 27 March 2007. Its American Depository Receipts are quoted on OTCQX since 29 October 2008. The Sponsor of FSL Trust is FSL Holdings Pte.Ltd . FSL Trust’s business focuses on long-term bareboat leasing from which it derives stable long-term cash flow. The Trust has a diversified portfolio of 25 modern and high quality vessels…

16 Aug 2014

St Engineering's Land Systems Arm Inject Capital in Brazil

Singapore Technologies Engineering Ltd (ST Engineering) announced today that SDG Kinetics Pte. Ltd. (SDGK) and Autonomous Technology Pte Ltd (ATPL), wholly owned subsidiaries of its land systems arm, Singapore Technologies Kinetics Ltd (ST Kinetics), have injected BRL5,499,450 (approximately S$3.2m) and BRL550 (approximately S$318) respectively into the capital of LeeBoy Brazil Equipamentos De Construção Ltda. (LeeBoy Brazil), as working capital for LeeBoy Brazil’s operations in Brazil. This equity injection increases SDGK and ATPL’s total investment in LeeBoy Brazil to BRL28.5m (approximately S$15.7m). ST Kinetics has correspondingly injected approximately S$3.2m into the capital of SDGK as funding for SDGK’s capital injection into LeeBoy Brazil.

29 Aug 2013

GL Noble Denton to Manage Premier Oil Asset Integrity

Mike Pritchard, Vice President, Process and Integrity Services, GL Noble Denton (left) and Mike Skitmore, UK Business Unit Manager, Premier Oil.

Premier Oil, the FTSE-250 oil and gas exploration and production company, has awarded a major asset integrity management contract to GL Noble Denton for the provision of asset integrity advice and inspection services across Premier Oil’s U.K. operated assets. The multimillion pound deal will include inspection management, risk analysis, examination support and nondestructive testing to a range of production and processing facilities. The contract, which was awarded following a competitive tender…

26 Sep 2014

MOL Holds Place in Dow Jones Sustainability Index

Mitsui O.S.K. Lines, Ltd. inform that it has once again been included in the Dow Jones Sustainability Index (DJSI) Asia Pacific, on which it has continuously held a spot since 2003. Companies chosen for the indices must meet international criteria for social responsibility in areas such as environmental protection, human rights, corporate governance, and relationships with stakeholders, and are expected to demonstrate sustainable business practices. Selected companies become target investments for environmental, social, and governance (ESG) funds. This month, S&P Dow Jones Indices and RobecoSAM announced their selections for the DJSI after a thorough assessment process.

24 Feb 2014

Saipem wins $520m offshore contracts in Congo, Indonesia

(Reuters) - Saipem has won new contracts for off-shore engineering and construction in Congo and Indonesia worth a total $520 million, the Italian oil services group said on Monday. Saipem said parent company ENI had assigned a consortium led by Saipem a $1.1 billion contract to build a floating production unit (FPU) in Indonesia. "The FPU will be delivered at site ready for surf hook-up in 34 months," Saipem said in a note. In Congo, the group won a contract with Aker Solutions to build under-sea structures, including suction anchors, for the Moho project. By 0912 GMT shares in Saipem rose 0.65 percent against a 0.1 percent rise in Italy's FTSE MIB leading stock index.   (Reporting by Valentina Za; Editing by Lisa Jucca)

26 Feb 2014

Oil Services Must Take on More Risk, Petrofac CEO Warns

Ayman Asfari:  Photo couresty of Petrofac

Oil service companies will have to assume more risk in the coming years as investor pressure and a flat crude price make oil company clients push harder to avoid delays on megaprojects, the chief executive of FTSE 100 contractor Petrofac said. The biggest oil companies have seen huge delays and broken budgets at projects ranging from record-breaking Australian liquefied natural gas (LNG) schemes to the enormous and technically challenging Kazakhstan oilfield in the freezing Caspian Sea.

30 Dec 2014

Oil-Price Slide Hits European Energy Shares

European shares fell on Tuesday, the last full trading day of the year, led lower by energy companies as Brent oil fell to a 5-1/2-year low on persistent concerns about a global supply glut. The STOXX Europe 600 oil & gas index was down 1.9 percent at 1219 GMT, taking its loss for the year to 15 percent. The price of Brent oil is down by about half since June due to a big oversupply and tepid demand, hitting energy companies hard. Explorers Seadrill and Tullow Oil were down around 3 percent. The UK FTSE 100 index fell 0.9 percent, underperforming its European peers, with London-listed energy majors BP and Shell down some 2 percent. UK retailer Next bucked the trend…