Marine Link
Tuesday, January 23, 2018

Board Member News

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.

Gulf Navigation Refinances Two Carriers

Khamis Juma Buamim, Board Member, Managing Director and Group CEO of Gulf Navigation Holding. Photo provided by the company.

Gulf Navigation Holding PJSC has announced refinancing 'Gulf Mishref' and 'Gulf Mirdif' petrochemical carriers in less than a month after increasing its capital to AED 1 billion through an Initial Public Offering (IPO). The move underlines the increasing demand for the company’s shipping services, which requires increasing its fleet capacity to meet the demand for its services in the region. Refinancing the two carriers, Gulf Mishref and Gulf Mirdif, is an important addition to the company's petrochemical transportation capabilities.

Sjo Resigns from Polarcus Board of Directors

Polarcus Limited announced that Hege Sjo will resign from its board of directors effective February 2, 2015.   Sjo has accepted an appointment as Deputy Director General in the Norwegian Ministry of Trade, Industry and Fisheries, and is therefore unable to continue as a board member at Polarcus, the company said.   Hege Sjo has been a board member of Polarcus since June 2008.

Nielsen Resigns from StatoilHydro

Kurt Anker Nielsen has informed StatoilHydro’s nomination committee that he is resigning from his position as board member on March 25, with immediate effect as a result of the way the Ministry of Petroleum and Energy has handled the issue relating to the company name. Kurt Anker Nielsen was a board member of Norsk Hydro from 2004 to 2007. He has been a member of the board, and chair of the board's audit committee, of StatoilHydro since 1 October 2007.   StatoilHydro's nomination committee will immediately start its search for a new member of the board. The board of directors in StatoilHydro is elected by the company's corporate assembly. (www.statoilhydro.com)

NMRA Officers Elected

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.

Bergesen Chairman Sells Shares In Company

Petter Sundt, a board member of Norwegian shipping firm Bergesen, reportedly sold 537,443 A shares in the company for 121.36 crowns each.

essDOCS Names Toet Board Chairman

essDOCS announced that Non-Executive Board Member, Andre Toet, has been appointed Chairman of the Board of Directors, succeeding Barry Williams, who is standing down after chairing the board since 2013, having previously served a term as Chairman from 2006 to 2011. Andre Toet possesses over 30 years of maritime industry experience and has held numerous supervisory board positions, of which PortInfolink (subsequently Portbase), directly supported his previous role as Non-Executive Board Member for essDOCS. He has served as Managing Director of P&O Nedlloyd Europe, CEO of Maersk Central Europe, COO of the Port of Rotterdam and, since 2011, CEO for Sohar Industrial Port Company in Oman.

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. Prior to being elected PVA President, Hall has served as PVA Vice-President, PVA Secretary-Treasurer and co-chairman of the PVA Legislative Committee. He was also a founding member and a past chairman of the PVA Ferry Council.

Heinz-Werner Hof Joins IAU Board

The International Underwriting Association of London (IUA) has announced that Heinz-Werner Hof, CEO of Allianz Marine and Aviation, has joined its board. Hof was co-opted to the board at its meeting in December. Prior to his current role, Hof was a board member at Allianz-Elementar in Austria, responsible for the property & casualty division. From 1993-2000, he was a board member of Allianz Hamburg and Allianz Globus MAT, holding the chairman's position from 1999-2000. Before that, Hof held various senior management positions within the Allianz Group in Munich, which he joined as an underwriter after graduating in 1977.

Chiarello to Keynote 2013 SHIPPINGInsight

Photo: Shipping Insight

Anthony Chiarello, president and CEO of TOTE, Inc., will be the keynote speaker at the SHIPPINGInsight 2013 Fleet Optimization Conference, Oct. 22-24 in Stamford, Conn. Prior to TOTE, Inc., the largest of five operating groups owned by Seattle-based Saltchuk Resources, Inc., which includes five companies organized in maritime, logistics and ship management lines of business, Chiarello, was the COO and executive vice president at NYK Logistics (Americas), Inc. Prior to NYK, Chiarello was with the AP Moller/Maersk organization for 16 years.

Brandal Takes Over as CEO of Aker Kvaerner

Martinus Brandal, former Executive Vice President of Aker ASA assumes the role of president and CEO of Aker Kvaerner, succeeding Inge K. Hansen. Hansen joins Aker ASA as a consultant to the group's management. Martinus Brandal joined Aker in the summer of 2004, and has held a number of Board positions at Aker Group companies. He is very familiar with Aker Kvaerner as a result of being a board member of the company and assisting in developing the strategy that the company has followed in the last two years. He will continue to serve as a board member of Aker Yards. Prior to joining Aker, Brandal was in charge of the Process Automation business area of the ABB industrial group and he has extensive international oil and gas experience. The planned succession of former CEO Inge K.

Danny Broad Appointed to ARENA Board

The Chair, Board members and staff of the Australian Renewable Energy Agency (ARENA) are delighted to advise that Danny Broad has been appointed by the Australian Government to the Board of ARENA. Mr Broad has commercial management experience in the power, civil, construction and rail industries and is joining the other four Board members, Greg Bourne (Chair), the Secretary of the Department of Industry, Glenys Beauchamp, Judith Smith and Martin Hoffman. Mr Broad will be helping ARENA deliver against its $2.5B mandate to improve the competitiveness and uptake of renewable energy across Australia. ARENA is currently managing a portfolio of more than 200 projects worth around $3B spanning the entire commercialisation pathway.

NAMEPA Welcomes Hadjipateras of Dorian

Marina Hadjipateras

Clay Maitland, Founding Chairman of the North American Marine Environment Protection Association (NAMEPA) announced today, “NAMEPA welcomes our newest board member, Marina Hadjipateras, Vice President Corporate Communications with Dorian LPG Ltd. Ms. “Ms. Hadjipateras brings experience in the global maritime industry and increases the breadth of NAMEPA’s board which takes us forward as we plan for a sustainable future. As VP Corporate Communications, she works closely with mariners, shipowners and investors in the marine industry.” Mr. Maitland remarked, “We are delighted to welcome Ms.

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. At the Company’s request, the underwriters have…

TOTE CEO Receives Award for Professional Excellence

Anthony Chiarello, TOTE, Inc. President and CEO

TOTE, Inc. President and CEO Anthony Chiarello was honored by The Navy League of the United States with the Vincent T. Hirsch Maritime Award at the organization’s annual convention and Sea Service Awards Luncheon in Long Beach, Calif. last week. The Vincent T. Hirsch Maritime Award, named for a patron and past president of the Navy League, was presented to Chiarello in honor of his achievements during his more than 30 year career with maritime organizations and “contributions to protecting and growing the privately-owned U.S. Chiarello, who joined TOTE, Inc.

DNV GL's CEO Madsen Appointed UN Global Compact Board Member

Dr Henrik O. Madsen, Group President & Chief Executive Officer of DNV GL

United Nations Secretary-General Ban Ki-moon has appointed Dr Henrik O. Madsen, Group President & Chief Executive Officer of DNV GL, as a new board member to the UN Global Compact board, the world’s largest voluntary corporate sustainability initiative. As a Board member, Dr Madsen will join other leaders from business, labour and civil society, and serve as a champion of the UN Global Compact and its mission. He will act in a personal and honorary capacity for a period of three years, starting from 1 June 2015.

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. By statute, a board member is designated by the President as Chairman and another as Vice Chairman for two-year terms. The Chairmanship requires separate Senate confirmation.

Port of Hamburg CEO Announces Retirement

At the end of this year Claudia Roller, Chief Executive Officer of Port of Hamburg Marketing Regd. Assn., will be retiring. From April 1, 2008, Claudia Roller served first as an executive board member of Port of Hamburg Marketing (HHM) and then as CEO. Together with her executive board member colleague Axel Mattern she has successfully lead the marketing organization for the Port of Hamburg with great dedication. With its many varied activities at home and abroad HHM has helped to strengthen the Port of Hamburg’s competitive position. Claudia Roller is retiring for health reasons. “For me the decision to retire from working life is a difficult one.

Chevron To Change Controversial Name Of Tanker

Chevron Corp. has reversed its decision to name an oil tanker after U.S. national security adviser Condoleezza Rice, a former board member, Reuters reported. Chevron named the tanker after Rice in April, highlighting what public watchdog groups called the close ties between the Bush administration and the energy industry, but renamed the vessel after complaints grew louder. The spokesman would not comment on whether the White House or Rice requested that the oil tanker be renamed. Rice, a former Stanford University provost, was a Chevron board member from 1991 until Jan. 15, when she resigned after President George W. Bush, a former Texas oilman himself, appointed her as national security adviser.

German Ship Financier Target Asian Private Equity

Germany’s second biggest financier of ships Norddeutsche Landesbank (NordLB) is tapping Asian investors and private-equity funds to invest in its shipping loans. According to a report from Bloomberg, Singapore unit of the state-owned lender last year started creating packages of 10 to 20 vessels for private-equity firms to invest in, Thomas Buerkle, board member responsible for risk management at the bank, said. Bloomberg citing Thomas Buerkle, NordLB's board member, as saying Asian investors believe there are good opportunities amid the shipping slump. In Asia, they are not talking about a shipping crisis, he said. He pointed out that Asian investors put their money in ships, as they believe the slump offers good opportunities.

Marit Arnstad Leaves Statoil Board

Marit Arnstad has announced that she will resign from her position as deputy chair and member of the board of directors in Statoil ASA (OSE: STL, NYSE: STO) effective immediately.   The nomination committee in Statoil will start its search for a new board member, and the corporate assembly will make a by-election when the nomination committee's recommendation is ready. Olaug Svarva is chair of the nomination committee in Statoil.  

LaHood Appoints Seven to USMMA Advisory Board

Ray Lahood, U.S. Transportation Secretary (Photo: U.S. Department of Transportation)

U.S. Transportation Secretary Ray LaHood announced the appointment of seven members to the United States Merchant Marine Academy (USMMA) Advisory Board. The USMMA Advisory Board serves as an independent body whose purpose is to examine the course of instruction and management at the Academy and advise the USMMA Superintendent and Maritime Administrator to ensure the best possible educational atmosphere for all midshipmen. “The Department is committed to providing every midshipman at Kings Point the highest-quality education possible,” said Secretary LaHood.

Hurtigruten Shares at 6-yr High After Bid

Norway's Hurtigruten, which operates scenic cruise lines along the country's fjords and into the Arctic, has agreed to a takeover offer from a group led by several board members, driving its shares to six-year highs. Hurtigruten said on Wednesday it was recommending an offer of 7 crowns per share, a 55.6 percent premium on its last close, led by London-based private equity firm TDR Capital, property tycoon and board member Petter Stordalen and Chairman Trygve Hegnar. The bid, which values the company at about 2.94 billion crowns ($444 million), sent Hurtigruten's shares 52 percent higher, its highest level since 2008. "When you do a scan of the leisure space…

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

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