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Board Directors

Shepherd Non-Executive Dir. Ashtead Tech

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Ashtead Technology announced that Derek Shepherd has joined the Board as a non-executive director. Shepherd is a main board director of Aggreko plc.  For the last 10 years, Shepherd has been Managing Director of Aggreko International, one of the key drivers of Aggreko’s recent growth.  Under Shepherd’s leadership, its revenues have grown from $48.8m to $696.7m.  This appointment forms the latest addition to the Board since Ashtead Technology was acquired in June 2008 by Phoenix Equity Partners in a $131.1m MBO.


Odfjell Board Announces New CEO’s Start Date

Kristian Mørch (Photo: Odfjell)

Odfjell's new president and CEO Kristian Verner Mørch to start August 1, 2015    Kristian Verner Mørch will take up his new position as president and CEO of Odfjell SE from August 1, 2015, the company’s board of directors announced. His appointment was announced in May 2015.   Mørch, a member of the board of Odfjell SE since May 2014, will step down as board director of the company from the same date.  


Saipem: BOD Appoints Chairman, CEO, Deputy CEO

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San Donato Milanese, 9 May 2011 - The Board of Directors of Saipem S.p.A., convened and following the resolutions taken by the Shareholders’ Meeting on May 4, 2011, approved the appointments of the Chairman, Deputy Chairman and CEO and Deputy CEO of Saipem S.p.A. It also ascertained the independence requirements for Board Directors and Statutory Auditors and appointed the members of the internal Board Committees. Saipem’s Board of Directors is comprised of:


ASRY Active in Bahrain Coast Guard Newbuilds

(Image: ASRY)

ASRY holds keel-laying ceremony as it starts landing craft construction.   ASRY marked the commencement of erection of a new Landing Craft being constructed for the Bahrain Coast Guard (BCG) with a keel-laying ceremony. The event was attended by the yard’s Chairman Shaikh Daij Bin Salman Al Khalifa, Alternate ASRY Board Director Hassan Ali Al-Majid, ASRY Chief Executive Nils Kristian Berge and BCG Brigadier Ala Abdulla Seyadi.   


AET Orders Eight Tanker Newbuilds

Photo: AET

AET, an owner and operator of petroleum tankers, has signed contracts worth approximately $500 million combined for the construction of eight new vessels.   AET on Tuesday contracted Korean shipbuilder Samsung Heavy Industries Co Ltd (SHI) for four 113,000 dwt Aframax vessels to be delivered in 2018.   The shipper then signed an additional contract Wednesday with another Korean builder Hyundai Heavy Industries Co Ltd (HHI) for two 114,000 dwt LR2 product vessels and two 158


Oldendorff to Open Copenhagen Office

Photo: Oldendorff

Lubeck headquartered dry bulk shipping company Oldendorff Carriers said it plans to open an office in the maritime cluster in Hellerup, Denmark by June 2017.   The new office just north of Copenhagen will be headed by Oldendorff Executive & Board Director Jens Jacobsen, who will lead a team initially consisting of eight to 10 people. The company intends to relocate a number of people to the new location but will also look to draw on the dry bulk shipping pool of talent in


Horizon Offshore Names Frank as Chairman of the Board

Horizon Offshore, Inc. announced the board of directors has elected J. Louis Frank as chairman of the board of the Houston-based marine construction company. Replacing outgoing chairman, James Devine, a UK national, with Frank, a U.S. citizen, allows Horizon to meet certain U.S. regulatory requirements relevant to a recently awarded contract. Mr. Devine remains a member of the board of directors. J. Louis "Corky" Frank joined the board of directors at Horizon in July 2001


IPIC Takes Over Chairmanship of Gulf Energy Maritime

(L-R): Mr. Khalifa Abdulla Al Romaithi, new chairman of GEM; Mr. Saeed Abdulla Khoory; current chairman of GEM; and Mr. Ahmed AL Falahi, CEO of GEM.

Abu Dhabi Government-owned investment group, International Petroleum Investment Company’s (IPIC) Khalifa Abdulla Al Romaithi, Head of Portfolio Management Division, has taken over chairmanship of Gulf Energy Maritime PJSC (GEM),  from Saeed Abdulla Khoory, Chief Executive officer of Emirates National Oil Company (ENOC). Al Romaithi assumes GEM's top post in its Board of Directors, which rotates every three years between IPIC and ENOC


Petrobras to Appoint Director

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Petrobras’ Board of Directors approved at a meeting today (25 Nov.) the appointment of a director of Governance, Risk Management and Compliance, charged with ensuring process compliance and risk mitigation, including the risk of fraud and corruption, and therefore guaranteeing compliance with laws, norms, standards and regulations, including the rules of the Comissão de Valores Mobiliários (CVM - Brazilian Securities and Exchange Commission) and U.S


Obituary: Christer Olsson, Stolt-Nielsen Chairman of the Board

The Board of Directors of Stolt-Nielsen Limited announced the passing of Christer Olsson, Chairman of the Board.  He was 70.  Mr. Olsson had served as a Director of the Company since 1993, and as Chairman of the Board since December 15, 2009, when he succeeded Jacob Stolt-Nielsen, the company's founder.  The Board of Directors will elect a new chairman at the Company's Annual General Meeting in April 2016.


Schneider Joins FarSounder Board

John Schneider (Photo: FarSounder)

Cruise ship marine operations expert John Schneider is joining the board of directors at FarSounder, Inc.  Over the last 12 years, Schneider has worked in the cruise ship segment of the marine industry as fuel and energy optimization manager (Royal Caribbean and Celebrity Cruises)


James Troop Celebrates 150th Anniversary

L-R Robert Pollock, Bob Troop and Derek Bate in Coburg Dock (Photo: James Troop)

Liverpool diesel-engine sales and maintenance specialists James Troop & Co is celebrating its landmark 150th anniversary with a surge in new business and export sales.   The family-run company based in Runcorn is one of Liverpool’s longest-standing maritime and industrial


AHHI Insures 1,900 Vessels in First Year

Photo: American Hellenic Hull Insurance

 Cyprus-based American Hellenic Hull Insurance (AHHI) surpassed key targets during its first year of operation: 1,900 insured vessels, written premium income exceeded $10 million and covered 35 million GT on 100% basis, said a press statement.  


Paragon Offshore Comes Out of Bankruptcy

Photo: Paragon Offshore

 Paragon Offshore Group announced that it has emerged from bankruptcy after completing a restructuring that eliminated USD 2.3 billion of debt.   The successor company to Paragon Offshore PLC , which filed for bankruptcy in February 2016 with USD 2


Seadrill Names Dibowitz CEO

Photo: Seadrill

Oslo-listed rig firm Seadrill named a new chief executive from within its own ranks on Wednesday and said its talks to restructure $14 billion of debt and liabilities had reached an advanced stage.   Once the world's most valuable rig firm


Framo Delivers Pumping Systems to Höegh LNG

Höegh Grace  (Photo: Framo AS)

Framo has signed a contract with Höegh LNG for the delivery of pumping systems to their new Floating Storage Regasification Unit (FSRU). The contract is for one unit, with option for three more units which are currently being built at Samsung Heavy Industries in Korea.  


Tanker Investments Merges with Teekay Tankers

Photo: Tanker Investments Ltd.

 Teekay Tankers has agreed to acquire all the remaining issued and outstanding shares of Tanker Investments (TIL), in a share-for-share merger at an exchange ratio of 3.30 Teekay Tankers Class A common shares for each TIL common share.  


HSH Nordbank Rejects Rickmers Restructure

Photo: Rickmers Group

 Board of HSH Nordbank AG has surprisingly denied approval of the term sheet regarding the financial restructuring of the Rickmers Group, says a press release from the group.   Rickmers Holding AG strives for restructuring in self-administration on the basis of continuation of the


Meek Named IMCA President

Harke Jan Meek (Phto: IMCA)

Harke Jan Meek, chief commercial officer at Heerema Marine Contractors, has been named the new president and chairman of the board of the International Marine Contractors Association (IMCA).   Meek succeeds Bruno Faure (TechnipFMC), who has stepped down as president of IMCA after completing


Craig Joins Teekay Offshore Board

Teekay Offshore Partners L.P. announced that Ian Craig has accepted an invitation to join Teekay Offshore's Board of Directors, effective June 6, 2017.   Craig has served in various executive positions in Shell, most recently in Nigeria where he was Executive Vice President for Sub-Saharan


Ballast Water Treatment Systems: How to Ensure They Work

How to ensure you have a ballast water treatment system on board that actually works   The second half of 2016 brought shockwaves to some ship owners who were still in a state of denial about the need to install ballast water treatment systems (BWTS) onboard their vessels


Hindustan Shipyard May Get $3.1bln Order

Photo:  Hindustan Shipyard Limited

 India's Hindustan Shipyard Limited (HSL) has received a proposal from United Shipbuilding Corporation of Russia for a strategic partnership, The Hindu reported.   The report said that the Russian shipyard will be placing orders worth INR 200bln (USD 3.1bln)  immediately. 


ST Engineering Adds Nonexecutive Director

Singapore based defense and engineering firm Singapore Technologies Engineering Ltd (ST Engineering) has appointed Neo Kian Hong as nonindependent and nonexecutive director of the company, effective June 30, 2017.    Neo is Singapore’s Permanent Secretary (Defense Development)


Landay Joins Gibbs & Cox Board of Directors

Naval architecture and marine engineering firm Gibbs & Cox, Inc. said that William E. "Bill" Landay III, President of W.E. LANDAY Consulting LLC, has been elected to its Board of Directors effective June 20, 2017.   "[VADM Landay’s] expertise in the areas of foreign


Aumann Named CEO of Oman Drydock

Stephan Aumann (Photo: Oman Drydock Company)

Stephan Aumann has been appointed by ASYAD (formerly Oman Global Logistic Group) board of directors as the new CEO of the Oman Drydock Company S.A.O.C. in Duqm/Oman. Aumann assumed the role June 15 and replaced the former CEO Jin Han Lee (DSME)






 
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