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NMRA Officers Elected

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The National Marine Representatives Association (NMRA) has elected its 2011-2012 officers and board members.  One new officer and three new board members are joining the association's leadership group.   Chris Kelly of Waters & David Co., New Orleans, Louisiana, is now president.  Kathy Munzinger of Munzinger & Co., Springfield, Missouri, has been elected vice president and Ken Smaga of ComMar Sales LLC, Land O' Lakes, Florida, is now treasurer.  Brandon Flack of Atlantic Marketing Co., Stonington, Connecticut, joins the officers as NMRA's new secretary.  Rick Silverlake of Silverlake West Co., Huntington Beach, California, finishes his current term as the association's president and steps into the past president position.   Three new NMRA board members were elected to serve a three-year term.  They are Randy Dykstra of Great Lakes Marine Marketing, Port Clinton, Ohio; Rob Gueterman of GSW and Associates, Tampa, Florida and Paul Perry with JB Dunn Co., Fort Pierce, Florida. They join existing board members Doug Peterson of The Gartner Group, Ft. Lauderdale, Florida; Chris Martorana of Macaroni Marketing, Watsonville, California and Jay Sanders of West Coast Sales, Vista, California.  Those whose NMRA board term has now finished include Tom LaSanta of Anchor Sales & Marketing, Bayou Vista, Texas; Ivan Cross of Merifield Co., Camano Island, Washington and W.M. (Pat) Black of W.M. Black & Co


Hall Elected President of PVA

Fred Hall was elected PVA 2002 President on Tuesday, February 19 during the PVA Annual Convention at MariTrends 2002 in Biloxi, Miss. Hall is Vice President and General Manager of the Bridgeport and Port Jefferson Steamboat Company, Port Jefferson, N.Y., a provider of ferry service across the Long Island Sound. This ferry service has been in business since 1883 and now operates three 100-vehicle/1000-passenger vessels


CNPC and Repsol Discuss Deal

According to Reuters, China National Petroleum Corp. (CNPC), the country's largest oil company, has offered to pay between $13.2 billion and $14.5 billion for a 75 percent stake in Spanish oil major Repsol's Argentine unit YPF, the South China Morning Post reported on Tuesday, citing sources. Executives from CNPC, the parent firm of Asian oil and gas producer PetroChina, has begun talks with Repsol over the offer, and the initial reaction from Repsol's board members has been receptive


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


Nordic American Offshore Announces Public Offering

Photo:  Nordic American Offshore

 Nordic American Offshore (NAO) has announced an underwritten public offering of 33,333,333 common shares pursuant to the Company’s effective shelf registration statement.     Morgan Stanley & Co. LLC, DNB Markets, Inc. and Skandinaviska Enskilda Banken AB (publ) are acting as joint bookrunning managers for the offering. The Company also intends to grant the underwriters a 30-day option to purchase 5,000,000 additional common shares.  


Dinh-Zarr to Serve as NTSB Acting Chairman

Bella Dinh-Zarr (Photo: NTSB)

Christopher A. Hart’s term as Chairman of the National Transportation Safety Board concluded on schedule Wednesday and Vice Chairman Bella Dinh-Zarr will serve as the agency’s acting chairman.   Hart will remain at the NTSB, applying his transportation safety expertise in the capacity of a board member.    The NTSB has five board members, each nominated by the President and confirmed by the Senate to serve five-year terms


Pacific Fisherman Shipyard Elects Myrseth as President

The board of directors of Pacific Fishermen, Inc. has elected new officers, including: Robert Myrseth as president, Warren Aakervik, Jr. as vice president, Ann Salvesen as secretary/treasurer and Doug Dixon as general manager. The election of officers followed the election at the Annual Shareholders Meeting of the following three new members of the board of directors for three-year terms: Gunnar Ildhuso, Sr., Crab and trawl fishing pioneer and owner of the F/V Margun and F/V Gunmar; Jack


Coast Guard Foundation Announces 2014 Board

Clockwise from top left: Judith Roos, Duncan Smith, Nicki Candies and Michael Carthew

The Coast Guard Foundation, a nonprofit organization committed to the education and welfare of all Coast Guard members and their families, announced its 2014 board of trustees. Consisting of 117members, the Coast Guard Foundation Board of Trustees and Directors oversees management of the organization and helps to provide resources to advance the Foundation’s mission to support the service of men and women in the United States Coast Guard


Chouest Appointed to Port of New Orleans Board

Laney J. Chouest is sworn in to the Port of New Orleans Board of Commissioners (Photo courtesy of the Port of New Orleans)

Governor Bobby Jindal appointed south Louisiana businessman and entrepreneur Laney J. Chouest to the Board of the Commissioners of the Port of New Orleans. Chouest, who was sworn in during today’s Board meeting, will serve a five-year term, succeeding Joseph F. Toomy, one of two Jefferson Parish representatives on the regional Board that governs Port operations in Orleans, Jefferson and St. Bernard parishes. A native of Galliano, La


Aspin Kemp, MAN Diesel & Turbo Finalize Partnership

Photo of Jason Aspin - AKA, Wayne Jones - MAN Diesel & Turbo and H. Wade MacLauchlan - Honorable Premier of Prince Edward Island courtesy of Brian Simpson/Gov of PEI. Photo of closing ceremony agenda courtesy of David Rashed.

Canadian engineering firm Aspin Kemp and Associates Inc. (AKA) and German based engine and turbomachinery market leader MAN Diesel & Turbo SE have finalized an agreement between the two companies whereby MAN Diesel & Turbo steps in as a 40 percent shareholder in AKA.   Through this new partnership, AKA said it will look to build its innovative potential with MAN in a broader market for power and energy solutions


Coast Guard to Be Honored in DC

John F. Kelly (Photo: US Dept. of Homeland Security)

The Coast Guard Foundation, a nonprofit organization committed to the education and welfare of all Coast Guard members and their families, announced that its 13th Annual Tribute to the United States Coast Guard in Our Nation’s Capital will take place on Tuesday, June 6


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


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


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.  


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


Ciklin elected Chairman of Palm Beach Port

Blair J. Ciklin Photo Port of Palm Beach

On Tuesday, January 3, 2017, the Port of Palm Beach Board of Commissioners elected its new Chairman, Blair J. Ciklin, the longest serving Port Commissioner in the United States having completed his 38th year as a Port of Palm Beach District Commissioner in 2016.


Gulf Navigation forms JV with Polimar Turkish

Photo: Gulf Navigation Holding

 Dubai-listed Gulf Navigation Holding has announced a partnership with Polimar Turkish Holding to grow its fleet and increase its global reach. Under the agreement, Gulf Navigation said it would be able to serve customers in major trading ports worldwide.  


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


Libyan NOC Official Warns of Force Majeure at Oil Ports as Rivals Mobilize

A senior official at Libya's National Oil Corporation (NOC) warned on Monday of a possible declaration of force majeure at the Es Sider and Ras Lanuf oil terminals, as air strikes continued and rival forces mobilized fighters in the area.


Libyan Oil Output Rises after Port Fighting Ends

Libya's oil production has reached 700,000 barrels per day (bpd), the National Oil Corporation (NOC) said on Wednesday, recovering from a drop earlier this month caused by fighting at two key oil ports.   "We are working very hard to reach 800,000 barrels by the end of April 2017, and


Cox Takes over as Matson Board Chairman

Matthew Cox (Photo: Matson)

Matson, Inc. president and chief executive officer Matthew J. Cox will succeed retiring chairman of the board Walter A. Dods, the company announced today.   The appointment becomes effective at the end of the company's annual shareholders’ meeting today


Great Lakes Dredge & Dock Names Petterson CEO

Effective May 1, Lasse Petterson has assumed the role of chief executive officer (CEO), a provider of dredging, environmental and remediation services.   In his over 35-year career, Petterson has gained extensive experience in the engineering, construction and maritime industries


Gulf Navigation Sails to Profit

Photo: Gulf Navigation Holding

 Dubai-based shipping company Gulf Navigation Holding  has reported a 39% growth in net profit at the end of the first quarter of 2017 compared to the same period in 2016.    The result came at a stage while the company is witnessing a significant improvement in its


Hapag-Lloyd Stakeholders Okay Capital Increase

Hapag-Lloyd

 Hapag-Lloyd shareholders approved all items on the agenda at today’s Annual General Meeting. In particular, the shareholders approved the creation of new authorised share capital.    This is to be used for a planned capital increase of USD 400 million


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.  






 
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