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RB Royal Announces New Chief Operating Officer

The appointment of John E. Valek to Chief Operating Officer (COO) of RB Royal Industries, Inc. was announced by John W. Neumann, Jr., the company's Chairman and CEO. Valek will also continue to perform his duties as Executive Vice- president and General Manager. A graduate of Michigan Technological University, Valek received a B.S. in Metallurgical Engineering. He has been with the company since 1994.


Zargon Oil & Gas Announces Resignation of CFO

Zargon Oil & Gas Ltd. announces that Mr. Jason Dranchuk has tendered his resignation as Vice President, Finance and Chief Financial Officer of Zargon effective July 14, 2014 to pursue other opportunities. "We sincerely appreciate Jason's professionalism, commitment and contributions to our company during the last 12 years and we wish him the very best in his future endeavors," said Craig Hansen, President and Chief Executive Officer of Zargon.


German shipbuilder P+S Werften Edges to Brink

German shipbuilder P+S Werften fights for time to stave off insolvency. Troubled German shipbuilder P+S Werften, which operates two of the country's biggest shipyards, has asked some of its customers to pay for ships in advance to bridge a liquidity shortfall and avert insolvency. New Chief Executive Ruediger Fuchs has approached Danish shipper DFDS, passenger ferry operator Scandlines and Greenland's Royal Arctic Line, a P+S spokesman told Reuters recently.


Sustreanu Named COO of FleetPro Group

Christine Sustreanu (Photo courtesy of FleetPro Group)

Christine Sustreanu will join FleetPro Group June 1, 2015 as its new chief operation officer (COO), the company announced in a press release.   Sustreanu, who presently serves as general manager at Uniworld Boutique River Cruise collection, will replace Robert Heijlands, cofounder and COO of FleetPro, who decided to resign when handing over the COO role to Christine Sustreanu.   “Robert Heijlands has been instrumental in the successful growth and high client satisfaction of


Bennett Named BOEM’s Chief for OREP

Jim Bennett (Photo: BOEM)

New leadership for BOEM’s Office of Renewable Energy Programs   The Bureau of Ocean Energy Management (BOEM) Director Abigail Ross Hopper announced James (Jim) F. Bennett as BOEM’s new Chief for the Office of Renewable Energy Programs (OREP), the program responsible for overseeing offshore renewable energy development on the Outer Continental Shelf.   Bennett has 35 years of Federal service and has served in a variety of capacities around the Department of the


Skou Replaces Andersen as Maersk CEO

Soren Skou (Photo: Maersk)

Danish shipping and oil company A. P. Moller-Maersk has appointed Soren Skou, head of its container shipping unit Maersk Line, as new chief executive for the group replacing Nils Smedegaard Andersen who has been in the job since 2007. Soren Skou will remain as CEO of Maersk Line in addition to his position as CEO for the Maersk Group. Andersen will leave the group, Maersk said in a statement. "The Board of Directors has tasked the new management to investigate the strategic and


USS New Orleans Enters Dry Dock

090425-N-8053S-046_web.jpg

USS New Orleans (LPD 18) entered a dry dock in Bahrain April 25 to continue repair work on the ship's hull. The Navy signed a firm fixed-price contract with Arab Shipbuilding and Repair Yard (ASRY) Shipyards in Manama, Bahrain to repair New Orleans. The repair contract includes planning efforts, material procurement, pre-fabrication and dry dock repair work and is expected to be completed in 10 to 14 days. The amphibious transport dock was damaged in a collision with USS Hartford (SSN


German Shipyard FSG Re-organizes Top Management

Peter Sierk: Photo FSG

Flensburger Schiffbau-Gesellschaft (FSG) says it will be headed by a new management team from January 1st 2015, details as follows: Current Chief Technology Officer Frank Bywater will be joined by Markus Bartsch as new Chief Executive Officer. Current CEO Peter Sierk will take over the management of FSG parent company NSH (Nord- deutsche Schiffbau-Holding) and as a result take responsibility for overall strategy as Chairman at FSG.


ASNE to Host Launch & Recovery Symposium

The American Society of Naval Engineers (ASNE) announced that registration has opened for its Launch and Recovery Symposium 2014: Launch and Recovery of Manned and Unmanned Vehicles from Surface Platforms. The theme for 2014 is Mission Effectiveness, Safety and Affordability. The event is slated to take place November 19-20, 201 at the Maritime Institute conference center in Linthicum, Md. According to ASNE, the symposium provides an opportunity to learn about launch


Vallihu Named Chief Executive of S. African Ports

Richard Vallihu (Photo: Transnet National Ports Authority)

South African port authority, Transnet National Ports Authority, has appointed Richard Vallihu as its new Chief Executive, following the retirement of Tau Morwe.   Richard Vallihu took up the reins as Chief Executive of South African port authority, Transnet National Ports Authority, on April 1, 2015.   He succeeds Tau Morwe, who led the company for a number of years before opting for retirement in March 2015.  


Murphy Takes Up Role as Chief Executive of IBIA

Justin Murphy (Photo: IBIA)

The International Bunker Industry Association (IBIA) has introduced its new Chief Executive, Justin Murphy, who akes up his new position from February 13, 2017. From 2013 to 2015, Murphy was CEO of Brightoil Shipping, Singapore and Executive Director at HKSE listed Brightoil Petroleum


Baltic Exchange Names Sykes Chief Commercial Officer

 The Baltic Exchange has appointed a new chief commercial officer; Janet Sykes, former head of communications at shipping services provider Clarksons Platou, will join the Baltic Exchange on July 3.   Sykes worked at Clarksons Platou between 2010 and 2017 where she was responsible for


Lloyd Named Nautical Institute CEO

John Lloyd (Photo: The Nautical Institute)

 Last week’s Nautical Institute London Command Seminar saw the appointment of Captain John Lloyd RD MBA FNI as the Institute’s new chief executive officer, succeeding Philip Wake OBE RD MSc FNI, who is retiring after 14 years in post.  


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


Maersk Chairman: Company Could Be Split Up

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

A. P. Moller-Maersk's chairman says that the Danish shipping and oil conglomerate could be split up in several companies, after it on Thursday appointed the head of its container business as new chief executive.   "The question is whether we should be a large group


HMM May Hire Foreign CEO for Revival

Photo: Hyundai Merchant Marine

 Hyundai Merchant Marine (HMM) will start the process to appoint a new chief executive officer (CEO) when Hyundai Group loses control on Aug. 5, reports Korea Times quoting un-named industry sources.   The challenged shipper will begin a new chapter in its 40-year history


Cost Cuts Ease Pain of Maersk's Gloomy Shipping Forecast

File photo: Maersk Line

Net profit below forecasts, operating figure above; group hit by low freight rates and low oil prices. A.P. Moller-Maersk's progress in cutting costs reassured investors on Friday after the Danish shipping and oil giant reported a sharp decline in quarterly profit and its new chief executive


Maersk Break-Up Soon ?

Photo: Maersk Line

 A.P. Moeller-Maersk A/S, in its strategic review, is considering several options including a two-way split into an energy and a transport company, says a Bloomberg report.   According to Danish daily Berlingske, the shipping group is likely to break up into transportation and energy


Hendry Marine CEO Aaron Hendry Passes Away

Aaron W. Hendry (Photo: Hendry Corporation)

Aaron W. Hendry, husband, father and grandfather, as well as Florida business leader, died today at the age of 80. Aaron passed away peacefully in his home after a battle with pancreatic cancer. Aaron leaves behind his wife Barbara, six children and three grandchildren.  


Changes in Statoil’s Top Deck

Jannicke Nilsson and Anders Opedal Photo Statoil

 Jannicke Nilsson has been appointed executive vice president and chief operating officer (COO) in Statoil ASA.   She takes over the role from Anders Opedal, who will lead the development of Statoil’s growing and increasingly important operations in Brazil as new country manager


Singapore Exchange Completes Baltic Exchange Takeover

Singapore Exchange has completed its takeover of the privately-owned Baltic Exchange, sealing an 87 million pound ($108 million) deal for one of London's oldest institutions, the groups said on Tuesday. The acquisition is one of the latest developments in a string of mergers


Shaw Appointed Chief Executive, ASRY

Andrew Shaw  Photo ASRY

ASRY, the leading ship and rig repair yard in the Arabian Gulf, has announced that Andrew Shaw will be the new Chief Executive of the shipyard, effective early January 2017. He re-joins the company after previously holding the position ofGeneral Manager of the ASRY Offshore Services division from


Qatar Merges State-Owned LNG Producers

Photo Courtesy: Qatargas. The Official Instagram account for Qatargas Operating Company Limited (Qatargas), the largest liquefied natural gas (LNG) producer in the world

 Qatar, the world’s largest liquified natural gas producer, announced it is to merge state-owned Qatargas and RasGas to create a “truly unique global energy operator”, says an AP report.   The country is merging its two government-controlled LNG companies to


HMS Global Maritime Appoints Jaenichen as Chief Operating Officer

Paul “Chip” Jaenichen, Sr. (CREDIT: Marad)

HMS Global Maritime, owner and operator of the American Queen Steamboat Company as well as 85 other U.S. flagged vessels, welcomes former Maritime Administrator Paul “Chip” Jaenichen, Sr. of the U.S. Department of Transportation as the new Chief Operating Officer (COO).   


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






 
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