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Management Structure

DHT Announces Co-CEOs

Svein Moxnes Harfjeld, (right) and Trygve P. Munthe (left). (Photo courtesy of DHT Holdings)

DHT Holdings, Inc. announced the appointment of Svein Moxnes Harfjeld and Trygve P. Munthe as co-CEOs of DHT. Munthe will no longer hold the position as President of DHT. Harfjeld and Munthe have been CEO and President of DHT respectively, since joining DHT in 2010. Chairman of the Board, Erik A. Lind commented, "Svein and Trygve have since they joined the company in 2010 for all practical purposes functioned as a management team of equals. Their formal appointment today as co-CEO's with shared responsibility to run and develop the business of the company is thus a reflection of how effective they have been in managing the company in this manner and it will not impact other areas of DHT's management structure" dhtankers.com  


Volvo Penta Americas Strengthens Leadership Team

Volvo Penta announced three key appointments to the newly formed Volvo Penta Region Americas organizational structure.   This organizational realignment brings together all of North, Central and South America, and the Caribbean under a unified management structure. Customers, OEMs and dealers will see more direct and coordinated support within the Americas. The addition of the Latin America organization comes into effect Jan. 1, 2013.


Hyperdynamics Moves Forward to Drilling Offshore Guinea

Hyperdynamics has contracted with Applied Drilling Technology, Inc. (ADTI), a wholly owned subsidiary of GlobalSantaFe, to provide a detailed assessment of drilling infrastructure, support services and operating environment offshore the Republic of Guinea, West Africa. The ADTI study will be used in conjunction with a well design to produce an estimated project cost and a comprehensive drilling management services proposal to support a planned exploration program by Hyperdynamics


MOL Starts Safety Campaign

Photo courtesy Image Line Communications

Mitsui O.S.K. Lines, Ltd. (MOL, President: Akimitsu Ashida) announced the start of the Safety Campaign for all its operated vessels effective October 1, 2009. During the campaign, the company will concentrate on exchange of opinions between onshore and seagoing personnel regarding MOL’s approaches to safe operation, and measures to prevent the spread of the new influenza epidemic. This will increase mutual awareness of safe operation at sea and on land to further reinforce the MOL


Hypertherm is Now Fully Employee-owned

hypotherm.png

Hypertherm, a U.S. based manufacturer of plasma, laser and waterjet cutting systems, has announced the transfer of all its common stock into an Employee Stock Ownership Plan (ESOP), making the company 100 percent employee owned under an S-Corporation structure. Previously, Hypertherm’s ESOP, known internally as the Hypertherm Stock Ownership Plan or HSOP, held approximately one-third of the company’s stock


India Drops Plan to Give More Autonomy to State-run Ports

India will change existing laws governing ports to make them more profitable and efficient, the shipping minister said on Wednesday, putting on hold a plan to turn them into corporate entities under pressure from trade unions and political parties. Finance Minister Arun Jaitley earlier this year announced a plan to corporatise ports, widely seen as an attempt to raise revenues by listing them. Nitin Gadkari said the government has moved to amend existing laws to make the ports'


Coflexip Stena Offshore Makes Management Changes

Pierre Marie Valentin, Chairman and Chief Executive Officer of Coflexip announced that the management structure of the CSO Group has been changed to reinforce its position as a worldwide leader in providing offshore solutions in deepwater. On this occasion, a new Executive Committee has been nominated. The new CSO Group management structure was implemented as of June 26, 2001 incorporates the know-how of the Group's various parts including those recently acquired in the CSO Aker Maritime


Tim Brennan To Leave Heidmar

Tim Brennan

2011 A Year of Growth for Pools.     After 19 years with the company, the board of Heidmar has, with regret, accepted the resignation of its CEO, Tim Brennan. Mr Brennan will remain at the company for a mutually agreeable time in order to assist in the transition to a new management structure. He leaves a robust company with 118 employees in three offices and 124 ships in five pools serving an international client base with high quality vessels from 35 different owners


Saltire Reports Global Growth, Turnover Increase

Strong global growth contributes to increase in turnover for Saltire Energy

Saltire Energy, supplier of drilling tools to the offshore oil and gas industry, has posted its year end to June 30, 2013 results with turnover up more than 50% from £21.5 million to £32.9 million. Operating profit for the year has also risen from £14.1 million to £18.5 million. Mike Loggie, Chief Executive of Saltire Energy, said, “The last 12 months has seen steady growth in our business in the U.K. and across our international operations.


Marseilles, France, FOS Port Leadership Appointments

Jean-Marc Forneri: Photo credit Marseilles FOS

The Marseilles FOS port authority’s supervisory board has backed a French transport ministry proposal nominating Port of Dunkirk head Christine Cabau Woehrel as the new CEO in Marseilles. There is also a new chairman and deputy chairperson. Backing for the CEO's nomination came when the supervisory board launched its latest five-year term by also electing a chairman and deputy chairman from the 17-strong line-up of governmental, industry, business and staff representatives


ClassNK Publishes Annual Report on Port State Control

(U.S. Coast Guard photo by Valerie Walker)

ClassNK has released its annual report on Port State Control. The report aims to assist ship operators and management companies in maintaining compliant operations by providing information about ships detained by PSC as well as deficiencies that were found on board from many port states in 2016.


Algorithm Developed to Optimize Waterway Transit Schedules

© Andrej Pol / Adobe Stock

An algorithm has been developed to schedule transit vessel traffic in two-way waterways where safe distances between transiting vessels must be maintained and passage restrictions may hold. It limits the negative effects of the safety constrains on cargo volume throughput by finding schedules


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.  


Canada Extends St. Lawrence Seaway Agreement

Canadian transport minister Marc Garneau announced a five-year extension to the Government of Canada’s agreement with the St. Lawrence Seaway Management Corporation to manage, maintain and operate the Seaway. This extends the existing agreement until March 31, 2023


NAPA Group Names Kuutti President

Ilmo Kuutti (Photo: NAPA Group)

Software solution provider for ship design and operation NAPA Group (Napa Ltd.) has appointed Ilmo Kuutti as its new President.   Kuutti assumes the position from Juha Heikinheimo, who served as President of NAPA Group for five and a half years.  


Lloyd’s Register Invests in Hanseaticsoft

Nial McCollum (Photo: Lloyd’s Register)

Lloyd’s Register invests in ship management software provider Hanseaticsoft in move to build a marine and offshore Industry 4.0   Lloyd’s Register (LR) said it has made a significant investment in Hamburg-based ship management software provider Hanseaticsoft.  


Abu Dhabi Ports, Jaheziya Provide Maritime Courses

Photo: Jaheziya (A Tawazun Subsidiary)

 Abu Dhabi Ports, the master developer, operator and manager of the Emirate's commercial and community ports, as well as Khalifa Industrial Zone, signed a Memorandum of Understanding (MOU) with Jaheziya, the brand name for Tawazun’s Safety, Security and Disaster Management City.


Ardent Celebrates Second Year

BAY OF CAMPECHE, Mexico (Nov. 15, 2016)- Ardent concluded the industry’s largest wreck removal project in the Gulf of Mexico in 2016. (Photo: Ardent)

Salvage and wreck removal company Ardent celebrates its second birthday with the passing of May 1, 2017. Ardent maintains a zero lost time incident record since its inception. “Despite the initial focus on implementing the merger and challenging market conditions Ardent has


Thailand’s MTT Arranges Emergency Response Framework

The Map Ta Phut Tank Terminal Company (MTT) signed an official preparedness framework agreement with Ardent. Ffrom left: Polshom Chan-urai, Managing Director from MTT; Bas Michiels, Ardent’s Asia Commercial Director; and Oliver Timofei, Ardent’s Director of Emergency Management. (Photo: Ardent)

 Thailand’s MTT Arranges Emergency Response Framework   The Map Ta Phut Tank Terminal Company (MTT) has signed an official preparedness framework agreement with Ardent. The deal is the first of its kind in Thailand and is specifically structured to mitigate risk by pre-staging


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


DNV GL Offshore Wind Standard for China

Image: DNV GL

 DNV GL is part of the consortium selected by the World Bank to support the development of 3 new standards in offshore wind turbine support structures, offshore substations, offshore wind farm power cables.    DNV GL will also be advising the Chinese government on project


New Approaches to Inland Infrastructure Renewal

A new engineered repair system for seawalls is based on fiber reinforced polymer (FRP) technology that has been used for several years to repair and strengthen worn and damaged marine piles made of timber or concrete using specialized composites. Pictured here are worn bridge piles being wrapped with FRP laminates in St. Louis

Economical repairs are being applied to rapidly corroding steel and concrete structures in U.S. ports and inland waterways. The new repair systems – PileMedic & SPiRe – might just be what the doctor ordered.  Recent advancements in using Fiber Reinforced Polymer (FRP) for


Vryhof Makes Two Senior Appointments

Evan Zimmerman and Clément Mochet (Photo: Vryhof)

Anchoring and mooring solutions provider Vryhof has made two senior appointments: Evan Zimmerman as Vryhof’s new Vice President and Chief Technology Officer and Clément Mochet as new Commercial Director for Vryhof’s business unit, Vryhof Anchors.  


Finite Element Strength Analysis for ATB Load Box

Figure 1: View of Global Finite Element Tug Model.

The loading and response dynamics of an Articulated Tug & Barge (ATB) load box are complex. They typically require advanced finite element analysis methods and procedures to design an efficient support structure to ensure a durable design and to facilitate meeting Class strength requirements


Coast Guard Recognizes PVA's Flagship Safety Management System

On June 12, 2017, the Coast Guard's national Director of Inspections and Compliance formally recognized PVA's Flagship Safety Management System (SMS) as an acceptable method for developing and implementing a company specific voluntary SMS.  






 
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