Marine Link
Sunday, November 19, 2017

Corporate News

Boskalis Expanding Subsea

DSV Constructor (Photo: Boskalis)

Royal Boskalis Westminster N.V. (Boskalis) is set to expand its market position in the area of subsea services, according to its Corporate Business Plan 2017-2019. "In a persistently challenging market there tend to be interesting opportunities for anti-cyclical investments in companies or equipment that will result in Boskalis being well-positioned when end-markets recover again," it says. In mid-August Boskalis acquired subsea survey specialist Gardline, and the group recently…

Rose Joins Global Diving & Salvage

Eric Rose has joined Global Diving & Salvage, Inc. as Director of Business Development, responsible for the company’s long-term revenue generation, and the support of Global’s regions and service lines, including marine construction, commercial diving, environmental services and marine casualty response. He will oversee sales and business development, marketing, client engagement and corporate strategy for revenue generation. Rose spent many years with NC Machinery for Caterpillar, most recently as Washington Equipment Sales and Rental Manager. During his tenure, he was responsible for the overall P&L of the sales and rental departments in Washington state, managing inventory levels between $30 million to $50 million per year.

Reedy Joins DHT Holdings Board of Directors

DHT Holdings, Inc. said it has appointed Susan Reedy to its board of directors as a Class I Director with a term expiring at the company's 2020 annual shareholders meeting. In connection with Reedy's appointment, the company's board has increased to six directors. Reedy’s appointment as a director is in accordance with the Investor Rights Agreement (IRA) entered into between the company and BW Group Limited on April 20, 2017. Pursuant to the IRA, BW Group is entitled to nominate two persons to the company's board. Reedy is the second person to be nominated by BW Group as a director. Reedy has over 17 years of corporate legal experience. She is currently Head of Legal - Special Projects for BW Group and served as Deputy Managing Director & General Counsel of BW Ventures from 2011 to 2016.

Liberian Registry Appoints Catsiba Manager in Dubai

Fay Catsiba

Fay Catsiba has joined the Liberian International Ship & Corporate Registry (LISCR) as Business Development Manager based in Dubai, U.A.E. Greece-born Fay, who holds a Master of Law from University College London, began her career in shipping 22 years ago as a lecturer in Maritime Law, Transport Law and International Trade Law at the Southampton Institute of Maritime Studies, England. Thereafter, she has held a number of senior positions as claims and insurance manager as well as legal and general counsel for several leading shipping companies in Greece, Switzerland and the Philippines.

APM Terminals Liberia Aids Local Health Outreach

Photo: APM Terminals

APM Terminals Liberia participated in a local medical outreach program organized by First Responders Liberia, Inc., as part of a 10-day program to provide access for an estimated 4,000 Liberians. APM Terminals Liberia is providing logistical support to the medical team of 30 professionals from the USA who are volunteering their services. APM Terminals Liberia Managing Director George Adjei said, “We want our neighbors to know that we feel it is our duty as responsible corporate citizens to take an active role in supporting the communities in the port area, and throughout the country.

Andersen Named Head of Corporate Communications for Aker

Torbjørn Andersen has been employed as head of Corporate Communications and Investor Relations in Aker Yards. Andersen comes from a position as head of Corporate Communications in Aker Kværner. Tore Langballe, head of Corporate Communications and IR has accepted a position as SVP Corporate Communications in PGS ASA. He will be succeeded by Mr Torbjørn Andersen. Andersen was head of Corporate Communications in Aker Kvaerner until 31 December 2007. Mr. Langballe has been with Aker Yards since 2004.

Logimatic Announces Leadership Change

Lars Francke Riisberg (Photo: Logimatic)

IT company Logimatic Solutions A/S said it has experienced significant growth in recent years. The company has therefore appointed Lars Francke Riisberg as CEO to strengthen the management with new leadership. Although new in the position as CEO, Riisberg has been part of Logimatic's Board of Directors. For 25 years, he has been involved in the development, sale and implementation of software solutions for the maritime sector. In addition, he has an MBA in Corporate Entrepreneurship. Since the beginning of 1989, Riisberg has assisted in the development of the software known today as SERTICA.

HII Board of Directors Elects Two VPs

Kellye Walker (Photo: HII)

Huntington Ingalls Industries’ (HII) board of directors has elected Kellye Walker to serve as corporate vice president and general counsel and Charles R. “Chuck” Monroe Jr. to serve as corporate vice president, associate general counsel and secretary. These organizational changes are effective Jan. 12, 2015. As corporate vice president and general counsel, Walker will report to HII President and CEO Mike Petters and will have overall leadership responsibility for HII’s law department and outside counsel…

MHI to Implement Corporate Reorganization

Effective April 1 Mitsubishi Heavy Industries, Ltd. (MHI) will implement a complete reorganization of its corporate sector. The move, which is aimed at taking current reforms that integrate all company business operation structures into a system of business divisions one step further, targets enhanced sophistication and efficiency in carrying out corporate affairs. In this way MHI will pursue the achievement of a stronger framework for supporting the globalization of the company's various business divisions. Specifically, functions of the company's various works relating to management auditing, accounting, procurement and information technology (IT) will be reorganized directly under the oversight of the Head Office.

Halloran Promoted to Vice President at A&B

Kevin L. Halloran has been promoted by Alexander & Baldwin, Inc., to vice president, corporate development and investor relations. He had joined the company last October as director, corporate finance and investor relations, and has added corporate planning to his responsibilities; he continues to report to A&B's Senior Vice President, Chief Financial Officer and Treasurer Christopher J. Benjamin.

Corporate Investigation Service Launched

London-based law firm Lawrence Graham has launched LG Corporate Investigations - a multi-disciplinary team of experts who advise clients on the potential for corporate risk, and implement solutions to contain and minimize it, while also offering a full investigation service for those faced with possible fraud or regulatory breach. The team is also ideally positioned to advise businesses or directors who may require independent advice - both independent of the company and its existing advisers. Led by partner Andrew Witts, a specialist in corporate fraud and international asset tracing, the team brings together the firm's wide-ranging expertise in areas including: corporate governance…

OSG Appoints New VP of Corporate Finance

Overseas Shipholding Group, Inc. announced that Henry Flinter was appointed Vice President, Corporate Finance of OSG Ship Management, Inc., a newly created position reporting to Myles Itkin, Chief Financial Officer. Flinter will have oversight of treasury, corporate finance and capital market transactions and has nearly 20 years' experience in senior finance and accounting positions. He joined OSG in 2002 as Assistant Vice President, Accounting and in January 2005 was promoted to Vice President, Accounting.

Karttinen to Head Fortum Corporate Development

Timo Karttinen, MSc (Eng), has been appointed SVP Corporate Development and member of the Corporate Executive Committee as of July 1st, 2004. In recent years, Mr Karttinen has been in charge of Fortum's Portfolio Management and Trading Unit. His successor in this position is Mr Per Langer, MSc(Econ) and BSc(Eng), also effective on July 1st. Mr Langer is currently in charge of the optimization of Fortum's power production.

ISC ins the Dun & Bradstreet

Mumbai,  April 27, 2011: Dun & Bradstreet (D&B), the world’s leading provider of global business information, knowledge and insight, announced the Dun &  Bradstreet - Rolta Corporate Awards 2010. The awards felicitated 54 of India’s leading corporate names across sectors. The occasion also marked the launch of the eleventh edition of Dun & Bradstreet’s premier publication, ‘India’s Top 500 Companies 2010’.The Shipping Corporation of India Ltd., was honoured with the Dun & Bradstreet – Rolta Corporate Awards 2010 in the Shipping sector.

Halloran Joins A&B

Kevin L. Halloran has joined Alexander & Baldwin, Inc. as director, corporate finance and investor relations. In this newly created position, he will be responsible for a variety of corporate finance functions, including communication with the investment community and oversight of corporate development activities. Halloran will report to A&B's Senior Vice President, Chief Financial Officer and Treasurer Christopher J. Benjamin. Halloran earned a bachelor's degree in economics from Colgate University and completed the Bankers Trust Management Training program, a year-long, MBA-level management training in accounting, corporate finance, international banking and risk assessment and management.

NG Moves Corporate Office to D.C. Region

Northrop Grumman Corporation (NYSE: NOC) announced a decision to move its corporate office from Los Angeles to the Washington D.C. region by 2011. The company is engaged in a search to identify a specific location within the Washington, D.C. region, including the District, Maryland and Virginia. It plans to complete the search by spring 2010 and open the new corporate office by summer 2011. "As a global security company with a large customer base in the Washington, D.C. region, this move will enable us to better serve our nation and customers," said Wes Bush, chief executive officer and president. The new corporate office will include approximately 300 people.

Rune Olav Pedersen Takes Over Corporate Communications in PGS

PGS' General Counsel Rune Olav Pedersen's role is expanded to also include the following departments from Corporate communications; investor relations (IR), internal and external communications, corporate marketing and customer relations. He will now have the position General Counsel and SVP Communications and Marketing and will continue to report to CEO Jon Erik Reinhardsen. Bård Stenberg is appointed VP Corporate Communications, responsible for IR, external and internal communications and will report to Rune Olav Pedersen. These organizational changes have been made following Tore D. Langballe announcing he will be leaving PGS to take a position as SVP Corporate Communications and IR, and Chief of Staff in Akastor ASA, an Aker-owned company.

Rabinowitz Named VP and Treasurer at Nortrhrop Grumman

Northrop Grumman Corporation announced that its board of directors has elected Mark Rabinowitz corporate vice president and treasurer, succeeding James L. Sanford, who will retire at the end of the year. Rabinowitz will assume his new position on Aug. 1, 2007. He will report to James F. Palmer, Northrop Grumman corporate vice president and chief financial officer. As treasurer, Rabinowitz will be responsible for all duties of the corporate treasury, including cash management, insurance and risk management, capital markets, capital structure, bank relationships, and the execution of merger, acquisition and divestiture transactions. Rabinowitz currently serves as vice president and assistant treasurer…

Ridge Teams Up with iJET for Security Training

Tom Ridge, President and CEO of Ridge Global

Ridge Global, an international provider of security and risk management services, and iJET University, a provider of risk management training curricula and solutions, announced that the two companies will collaborate to offer instructor-led training for executives and decision makers with security responsibility. Specifically, iJET University will offer Ridge Global’s flagship corporate security and resiliency training courses to its broad base of international clients and members.

Griffin Makes New Appointment

The Griffin Global Group Ltd., with the goal of increasing product portfolio, announced the expansion of its corporate business with the appointment of John Prentice as director of Corporate Services. Griffin’s Corporate department will be targeting the offshore and shipping sectors, but do have expansion plans further down the line. Prentice started in the travel business with Air New Zealand. He then came to the United Kingdom and spent 10 years with British Airways, where he served as account manager, Specialist Markets. In 2002, Prentice joined Interargo as director of Sales and joined Griffin in January 2005 following the latter’s acquisition of Argo’s marine and corporate business.

Partners Set Out to Boost Maritime Comms

A collaboration between Orange Business Services and BlueTide Communications aims to deliver comprehensive maritime communications, reaching almost every sea and ocean around the world. The combination of Orange’s global satellite network with BlueTide’s specialized maritime solutions will power the navigation, cyber security, voice and video, corporate applications and asset management for vessels in the workboat industry. Orange said it is providing BlueTide with managed global Ku band VSAT capacity, with the ability to switch to alternative satellite beams  for seamless global coverage. BlueTide can provide vessels with live video surveillance, cyber security and systems monitoring, all high-end solutions delivered on the Orange network for seamless availability on a global scale.

Catching a Jones Act Seaman’s 'Golden Parachute'

© wanfahmy / Adobe Stock

A challenging offshore environment produces a different but equally difficult development. Will you be ready when it comes to your fleet? Unfortunately, our industry continues to suffer due to the depressed oil prices that started in 2014. When the price of oil initially dropped, the industry’s outlook remained positive, and I remember hearing the mantra: “Stay lean for 2015.” Everyone thought that oil prices would rebound in short order and that we were only weathering a short downturn.

Keppel and NUS Set Up Corporate Lab

Keppel Corporation (Keppel) and the National University of Singapore (NUS) announced the founding of the Keppel-NUS Corporate Laboratory, in collaboration with the National Research Foundation (NRF), Prime Minister's Office, Singapore. The laboratory, which will be based at the NUS Faculty of Engineering, will be established with an investment amount of S$75 million. The launch of the Keppel-NUS Corporate Laboratory was graced by Deputy Prime Minister of Singapore, Teo Chee Hean, who is also Chairman of NRF. The Keppel-NUS Corporate Laboratory is the second laboratory to be established under the NRF's Corp Lab at University scheme, which is established to support Singapore's autonomous universities in their conduct of industry-relevant research with companies as partners.

Maritime Reporter Magazine Cover Nov 2017 - The Workboat Edition

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