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Chief Executive

Nils Andersen to Join the BP Board

Nils Smedegaard Andersen Photo: BP

 The board of BP plc announced that it has appointed Nils Smedegaard Andersen as a Non-Executive Director with immediate effect; as well as serving on the Board he will join the Audit Committee.   Andersen was Group Chief Executive of A.P. Møller - Mærsk A/S until 2016 and had previously been President and Chief Executive Officer of Carlsberg A/S and Carlsberg Breweries A/S.   Carl-Henric Svanberg, Chairman of BP, said: “I am delighted to welcome Nils Anderson to the BP Board. Nils brings broad experience from the energy, shipping and consumer goods industries. His depth of knowledge and insight from his long career will bring an added perspective to the work of the Board.”   Nils S. Andersen, 58, was Group Chief Executive of A.P. Møller - Mærsk from 2007 to June 2016. Prior to this he was Executive Vice President of Carlsberg A/S and Carlsberg Breweries A/S from 1999-2001, becoming President and Chief Executive Officer from 2001-2007.   He is a Non-Executive Director at Unilever Plc and Unilever NV, where he serves on the Audit Committee. Mr Andersen is also Chairman of Dansk Supermarked Group A/S.   Previous roles include Non-Executive Director of Inditex S.A. and William Demant A/S. He has also served as Managing Director of Union Cervecera, Hannen Brauerei and Chief Executive Officer of the Drinks Division of the Hero Group.  


New CEO at CMA CGM

Rodolphe Saadé (Photo: CMA CGM)

Rodolphe Saadé is the new chief executive of container shipping line CMA CGM, taking over the role previously held by his 80-year-old father.   The top spot at CMA CGM Group has been passed from one generation to another. Jacques Saadé announced on his 80th birthday that his son Rodolphe Saadé would take over as the French shipping line’s next chief executive officer.   Jacques Saadé, who founded the company 1978


British Ports Reorganizes American Management

Associated British Ports Holdings Plc has appointed Douglas Tipton as head of the Seaport container terminal division at its American Port Services subsidiary, and will reorganize top management including the appointing. Tipton has been president and chief executive officer of Contship Containerlines Inc. for the past three years. He has extensive experience of the container industry, having also worked at Mitsui OSK, Maersk and Sea-Land


APS Management Restructured

Associated British Ports Holdings Plc is reorganizing top management at its American Port Services subsidiary, including appointing Douglas Tipton as head of the Seaport container terminal division. Tipton has been president and chief executive officer of U.S. shipping firm Contship Containerlines Inc for the past three years. He has extensive experience of the container industry, having also worked at Mitsui OSK, Maersk and Sea-Land


Olivier Named UK Club Chairman

Alan Olivier, the new Chairman and President of the UK P&I Club

Alan Olivier was elected Chairman and President of the UK P&I Club at their board meeting in Bermuda on October 28. He succeeds Dino Caroussis who has retired from the board. Mr. Olivier, 53, Chief Executive Officer of Grindrod Limited, became a Director of the UK Club in 2000 and a Deputy Chairman in 2006. Mr. Caroussis, 61, of Chios Navigation, had been the Club’s Chairman for the past five years, having joined the board in 1996 in the shipping division


Maersk CEO Looks to Increase Market Share

file image: The Maersk Kalmar underway (Maersk)

A.P. Moller-Maersk's chief executive said its container shipping arm Maersk Line probably gained market share in the second half of 2015 after losing some in the first half of the year. "We want to increase Maersk Line's market share. We hope some competitors will order fewer new vessels," Chief Executive Nils Smedegaard Andersen told a teleconference. Andersen said the low oil price is the biggest short-term challenge for the group. Reporting by Ole Mikkelsen


Ronald D. Sugar Elected President and Chief Operating Officer of Northrop Grumman

Northrop Grumman Corporation has named Ronald D. Sugar, president and chief operating officer chairman and chief executive officer. Dr. Sugar was elected to Northrop Grumman's board of directors last April. Kent Kresa, chairman and CEO, stated, "With our recent acquisition of Litton Industries, Northrop Grumman is now a $15 billion top-tier global enterprise with 80,000 employees. Ron's appointment provides our company with additional management depth


Lund Named New Statoil CEO

At its meeting on March 7, 2004, Statoil's board of directors appointed Helge Lund (42) as new chief executive for the Statoil group. Mr Lund is currently chief executive of Aker Kværner ASA. "Helge Lund was the first choice of the board and we are very pleased that he has agreed to lead Statoil in the years ahead," said Statoil chair Jannik Lindbæk. Lund graduated as a business economist at the Norwegian School of Economics and Business Administrationin Bergen


EDHEC-Risk Institute Welcomes Eight New Members

EDHEC-Risk Institute announced that eight new members have joined its international advisory board, which brings together scholars, representatives of regulatory bodies as well as senior executives from business partners and other institutions. The role of the international advisory board is to validate the relevance and goals of the research program proposals presented by the institute’s management and to evaluate research outcomes with respect to their potential impact on industry


Pakistan's First Dry Bulk Terminal to Open in March

Pakistan's first dry bulk terminal will open next month and is expected to handle 3 million tonnes a year of coal imports, rising to 20 million tonnes over the next five years, the port's chief executive said on Thursday. The $285 million Port Muhammad Bin Qasim, which was built with support from the World Bank, will also be used to export cement and clinker, Sharique Siddiqui, chief executive for the Pakistan International Bulk Terminal Ltd, told Reuters at a coal conference in Cape Town


ClassNK Singapore Celebrates 50 Years

(Photo: ClassNK)

ClassNK hosted an anniversary party on July to commemorate 50 years of its Singapore Office, established in 1967 to broaden the classification society’s service network in Southeast Asia.   Held at the Mandarin Oriental Hotel, the evening commenced with an opening address by Chairman


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


Samskip Scoops up Nor Lines

(Photo: Samskip)

European multimodal transport provider Samskip said it will acquire activities associated with Nor Lines AS, marking a major expansion of its shipping, transport and logistics businesses in Norway.    Subject to approval by Norway’s competition authorities


Abu Dhabi Ports: No Immediate Plans for a Listing

(Photo: Abu Dhabi Ports)

Abu Dhabi Ports has no plans to launch a public sale of shares in the short term, the chief executive of the state-owned company told Reuters on Tuesday. "There are no immediate plans to go public," Mohamed Juma al Shamisi said when asked if the company planned to sell shares and a


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


Glickman takes the Helm ZIM

Image: ZIM

Eli Glickman, 56, took office as the new President and Chief Executive Officer of ZIM effective July 1, 2017. Glickman is taking over from Rafi Danieli, who has been President & CEO of ZIM since 2009.    "I’m pleased and honored to take office as ZIM’s CEO


High-speed Ferry Delivered in the Philippines

Saint Camael and Saint Sariel were designed by Incat Crowther and constructed by Austal Philippines (Image: Saint Camael)

A second 30-meter high-speed passenger ferry for the 2Go Group, MV Saint Sariel, has been delivered in the Philippines, shipbuilder Austal Limited announced.   Austal was awarded a A$13 million contract for two Incat Crowther designed catamarans in June 2016 and construction of both vessels


Mayor of Shanghai Visits CMA CGM Tower

Photo: CMA CGM

 Rodolphe Saadé, Chief Executive Officer of CMA CGM Group, has received this Tuesday, July 4, 2017, Yong YING, Mayor of Shanghai, who is on an official visit to Marseille for the signature of the 30 years of twinning between the two cities.  


Seanergy Maritime Reports Q1 Results, Acquires Vessel

Photo: Seanergy Maritime

 For the quarter ended March 31, 2017, Seanergy Maritime Holdings Corp generated net revenues of $13.3 million, a 90% increase versus the same period 2016.    As of March 31, 2017, stockholders’ equity was $26.7 million and cash and cash equivalents


UK Chamber of Shipping Warns EU Ports on Brexit

Pic: UK Chamber of Shipping

 The EU is ignoring the risk of Brexit to European ports, the UK Chamber of Shipping has said. Hard border controls will lead to increased bureaucracy and will threaten prosperity.   The Chamber warns that the return of border controls would lead to increased bureaucracy


Gulf Navigation Issuing $250 million in Bonds by September

Dubai's Gulf Navigation Holding , a listed shipping firm, plans to issue $250 million in sukuk, or Islamic bonds, in late August or early September, the group's chief executive said on Monday.   The company has appointed First Abu Dhabi Bank to lead the transaction


Jeremy Nixon is CEO of ONE Ocean Network

Photo: Mitsui O.S.K. Lines

 The management of the new company,  Ocean Network Express Holdings (ONE) -  the joint venture between three Japanese shipowning societies Kawasaki Kisen Kaisha ("K" Linens), Mitsui O.S.K. Lines (MOL) and Nippon Yusen Kaisha (NYK) was unveiled.  


Tidewater Reorganization Gets Court's Okay

Tidewater Logo by Tidewater Inc

 Tidewater, one of the world's largest offshore vessel owners, said that a court in Delaware approved the company's plans for a restructuring has, which would eliminate $1.6B in debt.  The US-based owner of one of the world’s largest fleets of OSVs will be able to recapitalise and


APL Reports 48% CO2 Emission Reduction in 2016

Photo: APL

 APL has announced its highest recorded fleet carbon dioxide emissions reduction of 48 percent in 2016, compared to its base level in 2009.    Verified by Lloyd’s Register Group according to the Clean Cargo Working Group (CCWG) verification protocol and ISO14064-3:2006


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.  






 
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