Marine Link
Wednesday, October 18, 2017

Board Meeting

Pataki Input Sought In Port Impasse

New York State Comptroller H. Carl McCall has urged Gov. George Pataki to attend the May 25 board meeting of the Port Authority of New York and New Jersey in order to help break a 17-month impasse. "It's time for Governor Pataki to step forward, exert some leadership, and get the Port Authority moving again," McCall is reported to have said in a prepared remark. The logjam has stalled major projects, including approval of a new lease for Maersk Sealand, privatization of the World Trade Center and the lease of air rights over the Port Authority Bus Terminal. Also placed on hold was a $3.9 billion capital and operating budget, which was expected to be voted on at last month's board meeting. Board members have been hung up on the items pending resolution of a 17-month dispute between Pataki and New Jersey Gov. Christie Whitman over allocation of Port Authority revenues.

Inland Waterways Users Board – meeting

The Inland Waterways Users Board, sponsored by the U.S. Army Corps of Engineers, will meet in St. Louis on December 7. The Board will hear briefings on the status of both the funding for inland navigation projects and studies, and the Inland Waterways Trust Fund. The Board will also begin consideration of its priorities for the next fiscal year. 69 Fed. Reg. 64282 (HK Law).

Port's Container Volume Down 16%

According to a May 20 report from The Post and Courier, a recent uptick in a few categories of exports was not enough to offset falling demand for most other goods that come through the Port of Charleston, the latest figures show. The State Ports Authority said at a board meeting on May 19 that the number of containers that crossed its piers during the first 10 months of its fiscal year was down by about 127,000, or 16 percent, as of April 30.

NTSB to Meet on Water Taxi Capsizing

The National Transportation Safety Board will hold a public Board meeting Tuesday, March 7 in Washington, D.C. There are two items on the agenda. The Board will consider final accident reports on the following cases: 1) On March 6, 2004, the small passenger vessel Lady D, a pontoon water taxi with two crewmen and 23 passengers on board, was traversing Baltimore Harbor when it encountered a rapidly developing storm with high winds

Karan Adani Takes Over as Adani Ports' CEO

Karan Adani. Photo by Adani Ports and SEZ

 Adani Group has elevated chairman Gautam Adani’s son Karan Adani to the post of chief executive officer (CEO) of Adani Ports and SEZ (APSEZ) with effect from January 1, 2016. He is currently the executive director of the company and does not hold any board-level position.   The decision to appoint him as CEO was taken in a board meeting held on December 28, 2015 and he will replace outgoing CEO Sudipta Bhattacharya

Port of Marseilles Authority Names New Director-General

Guy Janin has been named the new director-general of the Port of Marseilles Authority. Janin, 58, has been head of the inland waterways authority Voies Navigables de France (VNF) since 2004. His nomination by the French minister of transport and maritime affairs was approved at a port board meeting on November 24 and is due to be formally ratified at a government cabinet meeting. Predecessor Eric Brassart, 56, stepped down in October following a sympathy strike by the port’s CGT union

FreeSeas Makes Debut in New York

FreeSeas a provider of sea borne transportation services for dry bulk commodities through the ownership and operation of dry bulk vessels, completed an action packed two-week period in New York City. On Friday, March 17 the company held its Quarterly Board Meeting in New York City approving among other topics the fourth quarter and full year 2005 results and accounts. On the same day, the company's management rang the Closing Bell at NASDAQ

Relations Still Chilly At NY/NJ Port Authority

It may be the end of April, but there was no spring thaw at Thursday's board meeting of the Port Authority of New York and New Jersey. Port Authority commissioners had been expected to vote on a $3.9 billion capital and operating budget, which would have signaled some movement on an impasse that has held up major projects for the agency. However, Chairman Lewis M. Eisenberg said the budget had been discussed among board members, but a decision was made not to take a vote

UK Club Elects New Directors

Three members of the U.K. P&I Club were elected to the board at the annual meeting in Kuala Lumpur on October 21. They are Mike Carthew of Chevron Texaco Shipping Company LLC, Minoru Sato of NYK Line (Europe) and Pavel Vasilchenko of Far-Eastern Shipping Company (FESCO). Carthew has spent all his working life in shipping and has been with Chevron for most of his career. He worked in the corporate trading and planning department before becoming President of Chevron Texaco Shipping Company

POLB Commissioners Elect Thomas Fields President

Thoman Fields: Photo credit Port of Long Beach Commissioners

The Long Beach advertising executive & former city planning commissioner, will lead the commission for a 1-year term from 1, July 2013. Thomas Fields will succeed Commissioner Susan E. Anderson Wise, who has served two years as President. The Board President serves as chair of the commission, running board meetings and often representing the Port to the public and shipping industry. “I look forward to serving as Board President; this is an exciting time for the Port as we look

Emac Initiates Maritime Sector Discussions

Photo: Emirates Maritime Arbitration Centre (EMAC)

 The Emirates Maritime Arbitration Centre, Emac, last week met with senior executives in two key meetings in Fujairah, as part of its commitment to work with key industry bodies in the region’s maritime sector, Emirates News Agency WAM has reported.   In the first meeting, the EMAC delegation discussed boosting cooperation with Port of Fujairah General Manager, Captain Mousa Murad, and Harbour Master, Captain Tamer Masoud

Bahri Pushes for Saudi Arabian Entry to IMO Executive Council

Bahri Meeting with IMO Members (2).jpg

Senior representatives from Bahri recently joined members of a Saudi Arabia delegation for board meetings of the International Maritime Organization (IMO), which took place at the agency’s headquarters in London. The meetings come as part of the Kingdom’s preparations to submit its candidacy for the membership of the IMO Council under Category (C).  Senior Bahri officials who participated in the discussions included Wael Al-Sarhan

Certifying Spaceship Earth

Former DNV GL President and CEO, Henrik O. Madsen (centre) presents the testimonial to UN Secretary-General António Guterres as Vice-Chair of the UN Global Compact Board, Sir Mark Moody-Stuart looks on. Photo: Mads Øvlien/DNV GL

 Former DNV GL President and CEO, Henrik O. Madsen has presented UN Secretary-General António Guterres with a testimonial attesting to DNV GL's assessment of the UN Sustainable Development Goals (SDGs) at the UN Headquarters in New York this week.   The presentation took place during a Board meeting of UN Global Compact, the world's largest corporate sustainability initiative, with over 9000 member companies.   

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.   During its latest Board meeting in June 2017, American Hellenic Hull Insurance Company appointed two new Directors, Angelos Kostakos of Oceanstar Management Inc. and

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 business and vessel operations, the release said.   On 19 April 2017, Rickmers Holding AG reached an understanding with, inter alios

Deutsche Invest Highest Bidder for Thessaloniki Port

© bestravelvideo / Adobe Stock

German private equity firm Deutsche Invest Equity Partners was the highest bidder for a majority stake in Greece's Thessaloniki Port with an offer of 231.9 million euros ($251.8 million), privatisation agency HRADF said on Monday.   The sale is a key part of the country's international bailout signed in 2015 and comes less than a year after China's COSCO Shipping bought a 51 percent stake in Piraeus Port, Greece's biggest, for 280.5 million euros.  

Greece Gets Three Improved Bids For Thessaloniki Port Sale

Greece received three improved binding financial bids for a majority stake in Thessaloniki Port , its second-largest, the country's privatisation agency (HRADF) said on Friday. Last month HRADF got three bids for a 67 percent stake in Thessaloniki Port. The bids were submitted by Philippines-based International Container Terminal Services (ICTS), Dubai-based P&O Steam Navigation Company (DP World) and German private equity firm Deutsche Invest Equity Partners

Maersk Chairman Rasmussen Steps Down

Michael Pram Rasmussen (Photo: A. P. Moller-Maersk)

A.P. Møller - Maersk’s chairman of the board will step down at the end of March as the group missed fourth-quarter profit expectations amid low prices and oversupply in the oil and freight sectors.   Michael Pram Rasmussen said he will not stand for reelection as chairman of the board of directors, opting to stand down when his election period expires March 28, 2017, the date of group’s annual general meeting

Georgia Ports See Double-digit Growth in December

Photo courtesy of GPA

The Georgia Ports Authority marked 12.3 percent container volume growth in December, moving 292,172 twenty-foot equivalent container units, an increase of 32,099 TEUs compared to December 2015, a record for the GPA.   Roll-on/Roll-off cargo mirrored that growth, with a 12.3 percent increase (7,000 units) in passenger vehicles and heavy equipment handled at Colonel's Island terminal in Brunswick and Ocean Terminal in Savannah. Georgia's deepwater ports moved 63,967 Ro/Ro units last month

Levenson Appointed Director, Great Lakes

 The Board of Directors of Great Lakes Dredge & Dock Corporation the largest provider of dredging services in the United States and a major provider of environmental and remediation services, announced today that Ryan Levenson has been appointed to the Board of Directors, effective December 27, 2016. Mr. Levenson has also been appointed to the Nominating and Corporate Governance Committee. Concurrent with the 2017 Annual Meeting of Shareholders

The Swedish Club: 0% General Increase

Lars Rhodin (Photo: The Swedish Club)

In a move designed to support owners in difficult trading conditions, for the second year running The Swedish Club has announced a zero percent general increase for the up-coming P&I renewals 2017-2018. Speaking at the Club’s Board meeting in Bangkok, Lars Rhodin, Managing Director of The Swedish Club, said that entered tonnage on the P&I side of the business was sustaining controlled growth, a continued appreciation from the Club’s members for the zero general increase

UK P&I Club: Premium Discount for 2016

The UK P&I Club said it has agreed at its board meeting on November 19 to a mutual premium discount of 3 percent on the total mutual call for the 2015 policy year.    In the current shipping environment, the board has decided it is prudent to revise the club’s approach to the general increase. For the 2017 renewal, the club will not be seeking a standardized general increase. Instead, premium will reflect the specific risk a member brings to the club for the coming year

Waterways Council Elects Parker as Chairman

Tim Parker (Photo: Waterways Council)

As its Annual Meeting and Board of Directors Meeting in Cincinnati on November 15, 2016, Waterways Council, Inc. (WCI) named Tim Parker, President of Parker Towing, as its Chairman of the Board. Parker succeeds Merritt Lane, President and Chief Executive Officer, Canal Barge Company. Parker serves on the Board of Directors of Mercedes-Benz U.S. International, Inc.; as Past Chairman of the Board of the Alabama State Port Authority; Past Member of the Inland Waterways Users Board; Past

Fatal 'Duck Boat' Crash Blamed on Mechanical Failure -NTSB

A failed front axle on an amphibious "duck boat" led to a deadly Seattle collision between the vehicle and a charter bus that killed five international students, the National Transportation Safety Board found on Tuesday.   The September 2015 incident on the city's busy Aurora Bridge increased scrutiny of the boat-buses, which have been involved in several deadly crashes in recent years.   The NTSB said the front axle failure resulted from a manufacturing error by the

GPA Marks Record August Box Volumes

The Port of Savannah is poised to rapidly increase service to an arc of inland markets, from Atlanta to Memphis, to St. Louis, Chicago and the Ohio Valley. Key to expanding rail service is a $128M project linking Garden City Terminals two rail yards.   (Georgia Ports Authority / Stephen B. Morton)

At the Georgia Ports Authority board meeting Monday, Executive Director Griff Lynch reported the GPA achieved an August record of 330,846 twenty-foot equivalent container units, a robust increase of 5 percent compared to August 2015.   "August container unit volumes were the third highest in the Authority's history, behind April and May 2015 at the height of diverted cargo from the West Coast," Lynch said

Maritime Reporter Magazine Cover Oct 2017 - The Marine Design Annual

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