Marine Link
Thursday, January 18, 2018

Corporate News

Foss Names Sumner CFO

Bryceon Sumner (Photo: Foss)

Bryceon Sumner has joined Foss Maritime as chief financial officer, hired to oversee all aspects of the organization's financial function and performance. Sumner brings to the role years of experience gained at a number of organizations ranging from education technology and real estate, to architecture and financial services. Prior to joining Foss, Sumner served as COO and CFO for public and private companies, family offices and as a senior financial officer of a $60 billion government banking insurance fund.

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.

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.

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.

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.

Wärtsilä Developing Hybrid Tug for Brazil

(Image: Wärtsilä)

Wärtsilä said it has signed a memorandum of understanding (MoU) to develop a new environmentally friendly tug design for a new port facility being built in the Brazilian city of São Mateus. The MoU, signed with Petrocity, parent company of a new port facility, will see Wärtsilä develop a harbor tug design based on its recently launched Wärtsilä HYTug, which features hybrid propulsion and energy storage using batteries. The prime consideration is to maximize the ecological operational…

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…

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.

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.

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.

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.

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.

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.

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.

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.

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…

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.

Lubrizol Makes Management Changes

The Lubrizol Corporation announced management changes designed to better support the company’s business objectives that include driving organic growth, strengthening the product portfolio and improving profitability. The newly appointed leadership will focus on enhancing product innovations across the enterprise, improving operating efficiencies across the global manufacturing and supply chain structure, managing enterprise risk and executing key bolt-on acquisitions that are complementary to existing product lines. The promotions took effect on September 26. Steve Kirk was elevated to senior vice president and chief operating officer, in charge of both Lubrizol Additives (LZA) and Lubrizol Advanced Materials (LZAM) business segments.

MHI Receives "Grand Prix" Award

High Marks Given to MHI REPORT 2014

Mitsubishi Heavy Industries, Ltd. (MHI) has received the Grand Prix at the Nikkei Annual Report Awards 2014 sponsored by Nikkei Inc. The Grand Prix is the top award to be given to the company most highly appreciated by judges. The award-winning publication is the "MHI REPORT 2014" released in October 2014, which marked the first time the company integrated the contents of its earlier "Annual Report" and "CSR Report." In its new format, "MHI REPORT 2014" was acclaimed by Nikkei for the compact and easily approachable manner in which it presents vital information.

HII Make New Executive Appointments

Dwayne Blake: Photo credit HII

Huntington Ingalls Industries announces new executive appointments for Investor Relations and Internal Audit. HII appoint Dwayne Blake corporate vice president, investor relations, and Scott Stabler corporate vice president, internal audit, effective Jan. 1, 2013. Blake, formerly the corporate vice president, internal audit, is replacing Andy Green, who is leaving the corporate staff for a position at HII's Newport News Shipbuilding division (NNS). Blake's responsibilities will…

Steve Kennedy Re-joins Allianz from Zurich North America

Steve Kennedy: Photo AGCS

Allianz Group’s specialist corporate insurer, Allianz Global Corporate & Specialty (AGCS), announce the appointment of Steve Kennedy as Head of Corporate Property and Inland Marine Claims, replacing Tony Clark who retired at the end of January 2014. Kennedy will manage a team of 18 professionals managing Property, Energy, and Engineering as well as Inland Marine claims for AGCS’s multinational clients. AGCS inform that Kennedy brings over 23 years of experience handling commercial property claims and over 14 years managing and training claims professionals.

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

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