Marine Link
Wednesday, March 21, 2018

Corporate News

Huntington Ingalls Promotes Two Vice Presidents

Jeanne Callahan (Left) and David “Chip” Wasson. Photo: Huntington Ingalls Industries

America’s largest military shipbuilding company announced that Jeanne Callahan has been named corporate vice president, internal audit, and that David “Chip” Wasson has been named corporate vice president, corporate strategy. Both promotions are effective immediately, and both report to Chris Kastner, executive vice president, business management, and chief financial officer. Callahan has served as director, business management, contracts and government compliance, since HII formed in 2011.

Drydocks World Earns Dubai Chamber CSR Label

Photo: Drydocks

Drydocks World - a DP World company, the leading provider of maritime and offshore services to the shipping, oil, gas and energy sectors has received the Dubai Chamber Corporate Social Responsibility Label for the fourth year in a row in recognition of the company’s efforts and contributions to excellence in various areas of social responsibility. The Dubai Chamber Social Corporate Responsibility Label is designed to provide a diagnostic practice that enables the Chamber to scrutinize and examine the activities of companies both internally and externally.

Safety Award for APM Terminals Poti

Photo: APM Terminals

APM Terminals Poti has been named the 2018 Corporate Social Responsibility (CSR) Award winner for the Best Project in the Human Rights Category: Increasing Safety Awareness for Truck Drivers. Organised by the UN Global Compact Network and the CSR Club of Georgia, the 2018 Corporate Social Responsibility Awards promote and support the development of corporate sustainability practices within the Republic of Georgia. This year, an independent jury evaluated 23 projects and named winners in three CSR categories: Human Rights…

MJP Employs Marketing Manager

Kelsey Nemeth (Photo: MJP)

Marine Jet Power (MJP) has welcomed Kelsey Nemeth to the MJP team. In her role, Kelsey will be responsible for overall brand development and marketing initiatives worldwide.   Kelsey most recently served as Marketing Coordinator for Brunswick Commercial & Government Products, where she was responsible for developing and executing all corporate marketing efforts. Prior to Brunswick, she worked in the aviation industry where she gained insight into consumer and digital marketing strategies. Kelsey holds a Bachelor’s Degree from The University of Alabama.  

Warmth Brightens up La Spezia Container Terminal

Image: Contship Italia

Despite the grey clouds and rain that fell over the weekend in La Spezia, the YM Warmth making only her second call brought a splash of colour to the terminal when it discharged from Asia a brand new ONE container, showing off the bright new magenta livery. The ship is deployed in THE Alliance’s MD2 service and is one of a series of 14,000 teu ships operated by Yang Ming Line of Taiwan. Effective from April 1, ONE will become the new shipping line formed as a result of the merged container divisions of the big three Japanese lines, namely “K” Line, NYK and MOL.

MOL Unveils Restructuring

Photo: MOL

Japanese shipping major Mitsui O.S.K. Lines (MOL) plans to undertake a number of changes as part of an organizational restructuring, effective April 1, 2018. MOL said it will establish a liner business management division to “fulfil its management role as one of the major investors in Ocean Network Express (ONE), into which the liner division is being integrated”. The Japanese giant will split tanker operations and a chief financial officer (CFO) appointed for the first time.

Navios Maritime Containers Raises USD 30mln

File Image: Navios Maritime Containers

Navios Maritime Containers, a growth vehicle dedicated to the container sector, announced  that it has already completed a private placement of common shares, totaling $30.0 million, which is expected to close on March 13, 2018. Navios Containers will issue approximately 5,450,000 common shares at a subscription price of $5.50 per common share for an aggregate of $30.0 million of gross proceeds. The net proceeds will be used for general corporate purposes, including vessel acquisitions.

Darling, Parker join Tidewater

Tidewater has strengthened its management team with the appointments of David Darling as VP and Chief Human Resources Officer and Mark Parker as Vice President, Corporate Taxation. Darling joins Tidewater with over 24 years of domestic and international human resources experience, most recently as Senior Vice President and Chief Human Resources Officer for Gulfmark Offshore, Inc., where he was the Human Resource Director since 2007. Prior to Gulfmark, he served in executive human resources roles with Rigdon Marine and a subsidiary of Ford Motor Company. Darling has additional offshore vessel industry experience as a Vessel Master and Operations Manager.

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.

PSA International Profit Jumps by 5.1% for 2017

Fock Siew Wah, Group Chairman, PSA International. Photo: PSA International

Port and terminal operator PSA International posted a 5.1 per cent jump in net profit to S$1.23 billion for the year ended 31 December 2017 on higher revenue and container throughput at its terminals worldwide. The Group’s terminals saw a 9.8% year on year increase in box volumes handled to 74.2m teu. PSA’s flagship Singapore Terminals contributed 33.35 million TEUs, increasing 9.0% over 2016. PSA terminals outside Singapore delivered a total throughput of 40.89 million TEUs, increasing 10.4% over 2016. PSA Group revenue rose 7.8% and profit from operations grew 5.0% compared to previous year.

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.

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…

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.

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.

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.

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.

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…

Maritime Reporter Magazine Cover Mar 2018 - Annual World Yearbook

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