London School Of Economics News

Ports have long been integral to Africa’s connectivity with the rest of the world. Yet over the last 15 years, a new stage in maritime infrastructure planning and development has begun. Between 2004 and 2019, over US$50 billion was spent on this infrastructure – roughly 13 times more than was spent between 1990 and 2004.Ports reflect more than simple economic imperatives. They are crucial in creating and reinforcing social, political, and cultural systems. Infrastructure can be…

Golar LNG said on Tuesday it has appointed Callum Mitchell-Thomson as its new Chief Financial Officer, effective April 20.In October 2019, Golar LNG announced its current CFO, Graham Robjohns, would step down. Robjohns will remain in his current position until April 20, 2020 and will leave Golar on April 30, 2020.Robjohns' successor, Mitchell-Thomson, has 21 years of experience advising energy, utility and infrastructure companies on M&A and capital markets transactions while working for JP Morgan.

Navios Maritime Containers L.P. (NASDAQ: NMCI) appointed Erifili Tsironi as Chief Financial Officer of Navios Containers. Tsironi previously served as Co-Chief Financial Officer of Navios Maritime Acquisition Corporation since December of 2018 and as Chief Financial Officer of Navios Maritime Midstream Partners L.P. from its inception in 2014 until December 2018.She has more than 17 years of experience in banking focusing on ship finance. Before joining Navios Maritime Midstream Partners L.P., she was Global Dry Bulk Sector Coordinator and Senior Vice President at DVB Bank SE. Mrs.

Oceana, the largest international ocean advocacy organisation, has opened the organisation’s office in London to strengthen Oceana’s policy and research work to protect marine life and restore fish populations in the United Kingdom (UK).“Oceana is joining the marine conservation community in the UK at a turning point in public engagement and concern for the oceans. Now we need to move beyond conserving the oceans to actually restoring marine life and rebuilding fish populations,” said Lasse Gustavsson, executive director of Oceana in Europe."With Brexit around the corner, the next few years will be testing times for UK seas and fisheries.

Mr. Jacques R. Saade, founding president of the CMA CGM Group, died on June 24, 2018 at the age of 81, according to the company. Jacques R. Saadé dedicated his life to CMA CGM. An extraordinary visionary and entrepreneur, he made the group into a world leader in the maritime transport of containers, developing the company in more than 160 countries, while maintaining the family dimension with its values. After having left Lebanon to protect his family for Civil War, Jacques R Saadé founded the Compagnie Maritime d’Affretement (CMA) 40 years ago…

Danish inventor Peter Madsen was sentenced to life in prison on Wednesday for murdering, sexually mutilating and dismembering a Swedish female journalist with premeditation aboard his home-made submarine in Copenhagen harbor in 2017.Madsen, dressed entirely in black, sat motionless as the Copenhagen City Court handed down its verdict in a grisly case straight from the pages of a dark Scandinavian psycho-thriller.Already well known in Denmark for his submarines and his plan to send a human into space in a home-made rocket…

The U.N.'s climate chief said on Friday she will step down in July, at the end of a six-year term, and praised governments for reaching a 195-nation deal in Paris in December to shift the world economy from fossil fuels to cleaner energies. Christiana Figueres, a 59-year-old Costa Rican, said she would not accept any extension of her term as head of the Bonn-based U.N. Climate Change Secretariat after what she called the historic Paris Agreement. "We now move into a phase of urgent implementation…

The Lebanese American University has awarded an honorary Doctorate Degree in Humane Letters to Jacques R. Saadé, in recognition of his achievements as a great business leader. The conferment of the Honor took place during the commencement ceremony at the LAU Campus on Tuesday July 8th in front of 1500 people, including 500 students and members of the Government. In his acceptance speech, Jacques Saadé talked about his beginnings in the world of shipping. Perseverance, determination, and long-term vision, which have been his motto throughout his carrier should be an inspiration to the young graduates of today. Jacques R. Saadé concluded,"The strength of our group lies in its family business model. Our core values give the company its heart and soul. Jacques R.

Teekay Tankers Ltd. announced the appointment of Mr. Kevin J. Mackay as Chief Executive Officer (CEO) of Teekay Tankers, effective June 20, 2014. Mr. Mackay will join Teekay Tankers from Phillips 66 Corporation (Phillips 66), where he is currently head of the global marine business unit for this industry-leading downstream company. In this role, he is responsible for all aspects of marine transportation, including chartering, operations, demurrage, strategy & freight trading, business improvement and marine risk management. He held a similar role as the General Manager, Commercial Marine at ConocoPhillips from 2009 to 2012 before the formation of Phillips 66. Mr. Mackay started his career working for Neptune Orient Lines in Singapore from 1991 to 1995. He then joined AET Inc.

A surge of tensions in the South China Sea threatens to widen divisions between Southeast Asian nations at a summit this weekend, posing a severe test for host Myanmar as the newly democratic country seeks to manage the region's growing alarm over China. The routine annual meeting of Southeast Asian leaders has been given a jolt of urgency by a series of collisions this week between Chinese and Vietnamese vessels after China stationed a giant oil rig near the disputed Paracel islands, off Vietnam's coast. Both sides have blamed the other, and dozens of coastguard and patrol vessels are in the area. Tensions also spiked in another part of the oil- and gas-rich South China Sea, with Beijing demanding that U.S.

The Board of Singapore's financially-turbulent FSL Trust Management Pte. Ltd. has appointed Investment Banker Alan Hatton to be CEO of the Trust. Alan Hatton joins FSL Trust from FR8 where he has been CEO since 2008. He joined FR8 as CFO in 2007 and has significant commercial shipping experience including negotiating and executing time charters, sale & purchase deals and risk management strategies. Previously, Alan was an investment banker working in Mergers & Acquisitions and Corporate Finance for Lazard and Dresdner Kleinwort in London. Alan has an M.Sc. and B.Sc.

Ray Holubowicz, Father of Shipping Containerization and founder of UK based Marine Ventures Ltd, Dies at 88. Romuald Paul, better known as "Ray" Holubowicz, a prime mover in the shipping industry's changeover to the use of shipping containers, died on New Year's Day in England. He was 88. A native of Cudahy, Wisconsin, Ray Holubowicz was in the first (1942) graduating class of the United States Merchant Marine Academy (Kings Point, NY). After only a few months' training, he was…

BIMCO’s Grant Hunter joins Executive Committee of ESS Databridge Development Group. Addition of shipping documentation and contracts expert will bring further relevant expertise to ESS’s industry user group. Electronic Shipping Solutions announced the appointment of BIMCO’s Grant Hunter to the Executive Committee of the ESS-Databridge Development Group (DDG). An acknowledged expert on bills of lading, Grant is Chief Documentary Affairs Officer at BIMCO and is responsible for the development, revision and promotion of BIMCO’s wide range of standard contracts and clauses.

DnB NOR has appointed Vidar Andersen as the new head of its Shanghai branch succeeding Espen Lund who has returned to the bank’s headquarters in Oslo after an eight year stint as China country head. Vidar Andersen said today: "I am very pleased to have been given such an opportunity and I approach the task with both humility and pride. Espen Lund is taking up a position in the management team of the International Corporates and Institutions Division with a particular responsibility for customers doing business in Asia.

Danaos Corporation (NYSE: DAC), an owner of containerships, announced that the Board of Directors of the Company has appointed Evangelos Chatzis to the position of Chief Financial Officer, effective July 22, 2011. Chatzis has more than 16 years of experience in corporate finance and the shipping industry and has been with Danaos since early 2005 where he has served as Treasurer and Deputy Chief Financial Officer. During his years with Danaos he has been actively engaged in the company's financial management, the company's initial public offering in the United States, and has led a variety of projects, the latest being the successfully concluded comprehensive financing plan of the company.

Excel Maritime Carriers Ltd (NYSE: EXM), an owner and operator of dry bulk carriers and an international provider of worldwide seaborne transportation services for dry bulk cargoes, announced that Charalampos Mazarakis has been appointed as the Company's Chief Operating Officer. Mazarakis will assume his position in mid May 2010. The company also announced that Pavlos Kanellopoulos has been appointed as the company's Chief Financial Officer. Kanellopoulos will assume his position in early April 2010. Mazarakis has 20 years of experience in finance and operations positions, mostly at a senior level. Mazarakis started his career in 1991 at Procter & Gamble in Greece.