Marine Link
Wednesday, January 17, 2018

Board Directors News

New Appointments at James Fisher and Sons

Mr. Angus Buchanan, a main board director of James Fisher and Sons Public Limited Company and managing director of the subsidiary James Fisher Tankships Limited, has been appointed Group Operations Director. In this capacity Mr. Buchanan will be responsible for all the group's shipping activities. offshore operations. Mr. his role as Group Finance Director. All three report to executive chairman David B Cobb.

Shepherd Non-Executive Dir. Ashtead Tech

Ashtead Technology announced that Derek Shepherd has joined the Board as a non-executive director. Shepherd is a main board director of Aggreko plc.  For the last 10 years, Shepherd has been Managing Director of Aggreko International, one of the key drivers of Aggreko’s recent growth.  Under Shepherd’s leadership, its revenues have grown from $48.8m to $696.7m.  This appointment forms the latest addition to the Board since Ashtead Technology was acquired in June 2008 by Phoenix Equity Partners in a $131.1m MBO.

Odfjell Elects Klaus Nyborg Director of the Board

Klaus Nyborg (Photo: Odfjell)

Odfjell SE’s Extraordinary General Meeting, held December 9, 2015, supported the Nomination Committee's proposal and elected Klaus Nyborg as new director of the Board. Nyborg, a Danish citizen, owns no shares in Odfjell SE and has no formal ties to major shareholders of the company, according to Odfjell. Nyborg was recently Interim CEO of DS Norden AS from 2014-2015, where he has also been on the board since 2012, and chairman since 2015. He also serves board director of several other companies, including being chairman of A/S United Shipping & Trading Company and BAWAT A/S.

Odfjell Board Announces New CEO’s Start Date

Kristian Mørch (Photo: Odfjell)

Kristian Verner Mørch will take up his new position as president and CEO of Odfjell SE from August 1, 2015, the company’s board of directors announced. His appointment was announced in May 2015. Mørch, a member of the board of Odfjell SE since May 2014, will step down as board director of the company from the same date. Mørch is Danish citizen with more than 27 years' experience in the shipping industry, of which more than 10 years have been in senior management positions, previously holding posts as co-CEO of Clipper Group, COO of Maersk Tankers, and other management positions in A.P.

Woodruff Named American Maritime Partnership President

Matt Woodruff

The American Maritime Partnership (AMP) today announced the election of Matt Woodruff of Kirby Corporation as its new President. He succeeds Thomas A. Allegretti, President & CEO of The American Waterways Operators. “Leading the American Maritime Partnership – which speaks for the half a million American men and women whose employment depends on the domestic maritime industry – is a great honor. Our vibrant domestic maritime industry is an essential foundation for America’s economic, national, and homeland security,” Woodruff said.

HMC Appoints Adkins as Joint-Managing Director

Horizon Mobile Communications (“HMC”) is pleased to announce that Mr. Philip Adkins has joined HMC as Managing Director with effect from April 16, 2003. Philip brings more than 30 years extensive experience in senior executive roles as a Managing Director, main Board Director (of a public company) and as a Senior Vice President in multi-national companies in both the maritime and finance sectors. Philip has worked in the shipping industry for P & O Plc (UK) and Jebsens Rederi (Norway) and is qualified as a Chief Engineer (First Class). In 1986 he was invited to join ANZ McCaughan Dyson Securities in the City of London and later, Banque Paribas Capital Markets as a Senior Pan-European telecommunication and energy analyst.

Saipem: BOD Appoints Chairman, CEO, Deputy CEO

San Donato Milanese, 9 May 2011 - The Board of Directors of Saipem S.p.A., convened and following the resolutions taken by the Shareholders’ Meeting on May 4, 2011, approved the appointments of the Chairman, Deputy Chairman and CEO and Deputy CEO of Saipem S.p.A. It also ascertained the independence requirements for Board Directors and Statutory Auditors and appointed the members of the internal Board Committees. The Board of Directors applied the evaluation criteria set forth in the Corporate Governance Code to ascertain that the Directors Galateri di Genola…

Capital Product Partners Buys Aframax

Photo: Capital Product Partners L.P.

Capital Product Partners has announced that its Board of Directors has approved the acquisition of the eco-type crude tanker ‘Aristaios' (112,800 dwt, Ice Class 1C, built 2017, Daehan Shipbuilding, S. Korea) for a total consideration of $52.5 million from the Partnership's sponsor, Capital Maritime & Trading. The M/T ‘Aristaios' is currently employed under a time charter to Tesoro Far East Maritime Company (‘Tesoro') at a gross daily rate of $26,400. The Tesoro charter commenced in January 2017 with duration of five years +/- 45 days.

TOPAZ Explores Investment in Azerbaijan

A Topaz delegation consisting of Board Directors and Senior Management were in Azerbaijan in the Caspian region to hold discussions with State Oil Company Azerbaijan Republic (SOCAR). The aim of the meeting was to explore areas of mutual interest and opportunities for investment in the Caspian region. To support the growing offshore oil & gas market Topaz plans significant investments in the building of new offshore support vessels in the Caspian region in the next few years, providing support services to the offshore upstream energy sector. In total Topaz will spend $100m over the next two years expanding its fleet. Currently it operates 70 vessels including offshore supply ships, work barges and ice-breakers.

CSBC Completes Name Change

The China Shipbuilding Corp. (CSBC) completed repainting its new name, Taiwan International Shipbuilding Corp., in Chinese on the huge Goliath crane at the CSBC Kaohsiung shipyard, a CSBC official said Tuesday. The working crew spent the whole day painting the CSBC's new Chinese name on the Goliath bridge crane, which is a hallmark of the CSBC. The repainting task was not easy as the Goliath crane is 177 meters wide and 87 meters high, and each Chinese character on it covers nine square meters, which is the equivalent of approximately three stories in height. The official said that the CSBC's name-change plan has been approved by its board directors, and is awaiting final approval by CSBC general investors March 1.

Oldendorff to Open Copenhagen Office

Photo: Oldendorff

Lubeck headquartered dry bulk shipping company Oldendorff Carriers said it plans to open an office in the maritime cluster in Hellerup, Denmark by June 2017. The new office just north of Copenhagen will be headed by Oldendorff Executive & Board Director Jens Jacobsen, who will lead a team initially consisting of eight to 10 people. The company intends to relocate a number of people to the new location but will also look to draw on the dry bulk shipping pool of talent in Scandinavia for further expansion.

UK Offshore Wind Firm Appoints Retired Admiral to Board

Sir Tim McClement: Photo credit CWind

Offshore wind service and solutions company CWind, welcomes Sir Tim McClement KCB OBE to the board of directors. Sir Tim joins CWind as a non-executive board director with a specific interest in fleet management and operations, supporting Ralph Jensen, the manager of CWind’s charter fleet. He brings insights plus marine and management expertise gained not only from a distinguished 35 year naval career culminating in running the Royal Navy’s front line operations as Deputy Commander-in-Chief Fleet, but also from commercial interests since then.

Hanjin Shipping Opts for Debt Restructuring

Photo: Hanjin Shipping Co. Ltd

South Korea’s Hanjin Shipping Co. Ltd will work with lenders to restructure debt after years of weak demand resulted in losses and cash erosion, reports Bloomberg. The board of Hanjin Shipping decided to file for receivership and give creditors authority to manage the company, bowing to calls from the government and its main creditor Korea Development Bank (KDB) which asked Cho to accept heavy restructuring of the company. "Board directors of Hanjin Shipping decided to give up their management control for debt restructuring," said a KDB spokesman.

Goltens Names New President and Board Director

Goltens announced that Paul F. Friedberg has been named as the company's new President of Worldwide Service and has been chosen to serve as director of Goltens' Worldwide Board. Friedberg, who previously served as Goltens' regional head in the Middle East & India, will be responsible for all Goltens' service and trading operations outside the United States including Europe, the Middle East, the Far East and China. In addition, he will be responsible for global business development activities (including activities in the United States), and will continue to manage Goltens' day-to-day operations in the Middle East & India until a successor is identified.

Loughlin Appointed as Lloyd’s Register’s COO

Chris Loughlin has been appointed to the new post of Chief Operating Officer for the Lloyd's Register Group. He will take up his role on July 1, 2003. This appointment marks the successful completion of the second phase of the Lloyd’s Register recovery programme, during which David Moorhouse has carried out the roles of Chairman and Chief Executive. As Executive Chairman, Moorhouse will continue to take responsibility for the Group’s activities, with Loughlin joining him and Robert Biddle, Group Finance Director, as an executive member of the Board. Working with the Management Team, Loughlin will have the initial task of building on the quality and operational achievements since the business was restructured some three years ago.

Speedcast Announces Buyout

Speedcast announces buyout; also announces appointment of new Board Director and Chairman. SpeedCast Ltd. announced the buyout of SatComms Australia, a satellite solutions provider in Australia. The closing of the transaction is subject to regulatory approval. The acquisition will further consolidate SpeedCast’s leadership position in the Asia-Pacific region and provide SpeedCast with an expanded presence in Australia. SpeedCast also announced the appointment of Michael Malone as a nonexecutive Board Director and the appointment of John Mackay as Chairman of the Board.

Former FedEx Canada President to Head Long Beach Port

Jon Slangerup to be appointed Chief Executive

The Long Beach Board of Harbor Commissioners is scheduled to vote Monday, June 30, to name Jon W. Slangerup, a veteran corporate executive with extensive experience in global logistics and environmental technologies, as the Port of Long Beach’s new Chief Executive. “After an extensive, nationwide search, the Board of Harbor Commissioners is very pleased to recommend the appointment of Jon Slangerup as the Port’s new Chief Executive,” said Harbor Commission President Doug Drummond. “He’s an extremely capable leader, proven team-builder and expert at managing a world-class organization.

P&I Club's Free Reserves Up 16%

to $220 million and total entered tonnage rising to 90 million GT. the club's 2007/8 accounts last week. $10 million. Net assets increased $45 million to $679 million. loss. return on investments. GT. deputy managing director Paul Jennings. reflects the club's proactive approach to service. Rodney Eccleston (58) retires in September 2009. for 18 years until May 2006, when Crichton retired. in a part-time marketing and advisory capacity after his retirement. Group.

Seaports Association Elects 2011-12 Board

Virginia Port Authority Executive Director Jerry Bridges

Virginia Port Authority Executive Director Named Chairman; Two Past AAPA Board Directors Receive Distinguished Service Award. Virginia Port Authority Executive Director Jerry Bridges was formally installed on Sept. 15 as the American Association of Port Authorities' (AAPA) chairman of the board for 2011-12. Mr. Bridges accepted his new chairmanship duties at a membership meeting in Seattle during which the entire slate of 2011-12 officers was inducted as part of AAPA's 100th Annual Convention.

Parkinson Retires from Sunderland Marine

Geoff Parkinson, former CEO of Sunderland Marine

Geoff Parkinson, chief executive officer of North P&I Club’s subsidiary Sunderland Marine, retired on 30 June 2015 following a period of ill health. Tom Rutter, head of the company’s aquaculture business, will continue as interim chief executive officer until a permanent appointment is made. Parkinson (60) led the international fishing vessels, small craft and aquaculture insurer for 19 years and played a major role in negotiating its acquisition by the 170 million GT ‘A’ rated North in February 2014.

Marchand in Int’l Maritime Hall of Fame

The International Maritime Hall of Fame announced recently the Georgia Ports Authority’s (GPA) Executive Director Doug J. Marchand will be honored as one of its newest members on May 13, 2009, at the United Nations in New York City. The International Maritime Hall of Fame was founded in 1993 and recognizes maritime visionaries, who, through excellence in their company, organization, or services, best exemplify the qualities of futuristic thinking that will guide the maritime industry in the 21st Century. “By creating unique opportunities and success at the Ports of Savannah and Brunswick, Doug has set the standard in the port industry and developed a model others attempt to duplicate,” said GPA’s Chairman of the Board Steve Green. Marchand has served as GPA’s Executive Director since 1995.

ASRY Active in Bahrain Coast Guard Newbuilds

(Image: ASRY)

ASRY holds keel-laying ceremony as it starts landing craft construction. ASRY marked the commencement of erection of a new Landing Craft being constructed for the Bahrain Coast Guard (BCG) with a keel-laying ceremony. The event was attended by the yard’s Chairman Shaikh Daij Bin Salman Al Khalifa, Alternate ASRY Board Director Hassan Ali Al-Majid, ASRY Chief Executive Nils Kristian Berge and BCG Brigadier Ala Abdulla Seyadi. “As we lay this keel, we are seeing progress on the project continuing on schedule…

AET Orders Eight Tanker Newbuilds

Photo: AET

AET, an owner and operator of petroleum tankers, has signed contracts worth approximately $500 million combined for the construction of eight new vessels. AET on Tuesday contracted Korean shipbuilder Samsung Heavy Industries Co Ltd (SHI) for four 113,000 dwt Aframax vessels to be delivered in 2018. The shipper then signed an additional contract Wednesday with another Korean builder Hyundai Heavy Industries Co Ltd (HHI) for two 114,000 dwt LR2 product vessels and two 158,000 dwt Suezmax vessels for delivery in 2017.

Maritime Reporter Magazine Cover Dec 2017 - The Great Ships of 2017

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