Paper Corporation News

Nippon Yusen Kabushiki Kaisha (NYK), NYK Group’s Asahi Shipping, and Kobe Steel have announced a successful trial run of biofuels on a voyage between Japan and Australia.The companies supplied biofuel via ship-to-ship transfer to the bulk carrier Sunrise Serenity at the port of Kobe in Japan. The vessel was supplied with biofuel by Toyota Tsusho Marine Fuels Corporation and then sailed to the port of Newcastle, Australia.The vessel is operated and managed by Asahi Shipping and…

James "Jay" W. Swent has been named by ENSCO’s Board of Directors to serve as Senior Vice President and Chief Financial Officer, effective immediately. Swent previously held various financial executive positions at Memorex Corporation and Nortel Networks, and served as Chief Financial Officer and Chief Executive Officer of both Cyrix Corporation and American Pad and Paper Corporation. He is a graduate of the University of California at Berkeley, where he received a B.S. in Finance and a Masters Degree in Business Administration. Carl F. Thorne, Chairman and Chief Executive Officer of ENSCO, said "We are pleased that Jay is joining our management team, and look forward to his contribution.