Tomlin Named Executive VP, CFO of Admiral Valve
Admiral Valve, LLC, parent company of CPV and manufacturer of CPV high pressure valves and fittings for industrial gas, petrochemical and shipbuilding industry applications, named Kelly Tomlin as executive vice president and chief financial officer. Tomlin, who had held the position of chief financial officer at CPV for the past four years, will assume the expanded role of executive vice president as a key member of the CPV leadership team. This appointment comes just after CPV Manufacturing named David London as president, further positioning the valves and fittings leader for future growth.
Maritime London Appoints Jeffrey Evans Chairman
Maritime London has appointed shipbroker Alderman & Sheriff Jeffrey Evans as its chairman to follow David Moorehouse CBE. Made up of professional UK maritime service firms, Maritime London showcases the breadth and depth of the cluster. The UK’s maritime industry accounts for 2.1% of the British economy, contributing £13.8bn to the UK economy directly. Jeffrey Evans is managing director, gas, at Clarksons, a leading provider of integrated shipping services and is an Alderman and Sheriff of the City of London.
U.S. Commerce Chief Ross Reportedly Divests Shipping Interests
According to a Reuters report, U.S. Commerce Secretary Wilbur Ross has divested his interests in oil tanker company Diamond S Shipping and is in the process of selling off his holdings in another shipping firm, Navigator Holdings, a Trump administration official said earlier this week. Ross had originally intended to retain his shipping interests following his confirmation in February. But the 79-year-old investor came under criticism after disclosures on Sunday that one of Navigator's major clients is the Russian gas company Sibur…
Brexit Prompts North P&I Club to Set up Dublin Subsidiary
British ship insurer North is setting up a new European Union subsidiary in Dublin in case Britain loses access to the single market after Brexit, becoming the first of these specialised providers to announce such a move. Insurers are making contingency plans after Britain’s vote to leave the EU means they could risk losing “passporting” rights that allow UK financial services firms to trade in Europe without the need for locally regulated entities. Britain dominates the global marine insurance market and losing access to specialist Protection and Indemnity (P&I) clubs like North could weaken other parts of the country’s multi-billion pound shipping services sector.
Britain to Screen Passengers for Ebola
Britain said on Thursday it would start screening passengers entering the country through London's two main airports and the Eurostar rail link with Europe for possible cases of the Ebola virus. "Enhanced screening will initially be implemented at London's Heathrow and Gatwick airports and Eurostar terminals," a statement from Prime Minister David Cameron's office said. "(It) will involve assessing passengers' recent travel history, who they have been in contact with and onward travel arrangements as well as a possible medical assessment, conducted by trained medical personnel." Reporting by William James
QinetiQ Appoints Mellors CFO
QinetiQ Group announced the appointment of David Mellors as Chief Financial Officer. It is anticipated that David will take up his new role with effect from the end of August 2008 when he will also join the QinetiQ Board as an Executive Director. David, 39, joins from Logica PLC, the IT and business services group where he is the Deputy CFO. Previously he was the CFO of Logica’s International division covering operations in North America, Australia, Middle East and Asia and prior to that the Group Financial Controller.
Shipowner's Club Appoints Heaselden Director
The Shipowners’ Club, the mutual P&I insurer specialising in small and specialist vessels has appointed David Heaselden to the new post of Loss Prevention Director, with immediate effect. The post, which is an appointment to the Shipowners’ Protection Limited Board reflects the importance Shipowners’ Club accords to loss prevention advice provided to its Members. Announcing the appointment Charles Hume, Chief Executive commented, “David’s outstanding cross-branch leadership of loss prevention is recognised by his appointment…
LISCR Appoints New GM for London
The Liberian International Ship & Corporate Registry (LISCR), the U.S.-based manager of the Liberian Registry, has appointed Robert Twell as general manager of its dedicated London office, in succession to Jonathan Spremulli. Robert Twell joins LISCR from CMA Ships UK Ltd/CMA CGM Group, where he was the Safety and Security Manager and DPA/CSO based in London. Prior to that he was with the National Sea Training Centre, a leading provider of maritime education and practical training, where he was Head of Department in Marine Studies and Fire Fighting.
DP World: Shareholders Back EZW buy, London Delisting
Shareholders of DP World have approved buying Economic Zones World from its majority shareholder and also backed the port operator's delisting from the London Stock Exchange, the Dubai-based company said on Thursday. The assent was granted at a meeting on Thursday, with the proposals received near-unanimous support from independent shareholders, DP World said in a London bourse filing. DP World last month said it would pay $2.6 billion to Dubai World for its EZW logistics infrastructure firm and would delist from the London bourse due to thin trading volumes. Dubai World owns 80.45 percent of DP World. Reporting by David French
Australia Names 'Ferry McFerryFace' to Crew's Dismay
Australia “brings a smile” with Ferry McFerryface, but not everyone gets the joke. In the grand tradition of Britain’s Boaty McBoatface, Australian authorities are christening one of the ferries crossing Sydney’s world famous harbor Ferry McFerryface, but some union workers aren’t amused. The New South Wales state government announced the name for one of its six new ferries on Tuesday after a public vote, with Transport Minister Andrew Constance deeming it “one for the kids”.
M&S Plan Major Logistic Centre at DP World's London Gateway
Prime Minister visits to welcome £200 million investment by UK household-name retailers Marks & Spencer to build new distribution centre at London Gateway. Marks & Spencer (M&S) and DP World London Gateway jointly announce that M&S will build a major new distribution centre at the new deep-sea container port and logistics park, which opens later this year on the Thames in South Essex, just 25 miles from central London. Locating M&S’ new distribution centre at Britain’s new global…
London International Shipping Week Appoints Board of Advisors
The industry-led Steering Group running the inaugural London International Shipping Week (LISW) has established an official Board of Advisors which will act as guardians of the event to ensure it maintains objectivity and furthers London’s role as a major global maritime center. The purpose of the Board of Advisors is to lend credibility and high profile support to the LISW event, its aims, objectives and international engagement; while also taking a strategic view of the impact of LISW’s focus, its activities and attractiveness of London’s role in the global shipping industry. The Board of Advisors will have responsibility and accountability for reviewing and assessing LISW’s progress in achieving its strategic aims…
Today in U.S. Naval History: August 13
Today in U.S. Naval History - August 13 1777 - American explosive device made by David Bushnell explodes near British vessel off New London, Conn. 1846 - Joint expedition led by Commodore Robert Stockton seizes Los Angeles, Calif. 1870 - Armed tug Palos becomes first U.S. Navy ship to transit Suez Canal For more information about naval history, visit the Naval History and Heritage Command website at history.navy.mil.
Today in U.S. Naval History: August 13
Today in U.S. Naval History - August 13 1777 - American explosive device made by David Bushnell explodes near British vessel off New London, CT. 1846 - Joint expedition led by CDR Robert Stockton seizes Los Angeles, CA 1870 - Armed tug Palos becomes first U.S. Navy ship to transit Suez Canal For more information about naval history, visit the Naval History and Heritage Command website at history.navy.mil.
This Day in Naval History - Aug. 13
From the Navy News Service 1777 - American explosive device made by David Bushnell explodes near British vessel off New London, Conn. 1846 - Joint expedition led by Cmdr. Robert Stockton seizes Los Angeles, Calif. 1870 - Armed tug Palos becomes first U.S. Navy ship to transit Suez Canal.
This Day in Naval History – August 13
1777 - American explosive device made by David Bushnell explodes near British vessel off New London, CT. 1846 - Joint expedition led by CDR Robert Stockton seizes Los Angeles, CA 1870 - Armed tug Palos becomes first U.S. Navy ship to transit Suez Canal (Source: Navy News Service)
IBIA Elects New Executive Members
At its recent general meeting in London, the International Bunker Industry Association (IBIA) elected new officers to its executive. Chris Leigh-Jones of Kittiwake Developments Ltd was elected the association's new chairman. He replaces Ivar Tonsen of Gearbulk and was previously IBIA's vice chairman.; the association's new vice chairman is Nicholas Ladis of NL Transol in Greece; David Peart of Tyne Tees Bunkering retired as honorary secretary. Paul Dyke of Tramp Oil takes over in this role; and Angus Ogilvie of Cockett Marine continues his term as honorary treasurer. "This is a strong management team and it will help guide and shape IBIA's efforts over the next two years.
China's Unipec Books Megatanker to Store Crude
Chinese oil trader Unipec has booked one of the world's largest ships to store crude off Singapore, trade sources said on Monday, hiring a 3.2 million barrel capacity supertanker to hold the oil at sea until prices recover. The TI Europe is one of just a handful of Ultra Large Crude Carries (ULCC), a category of vessel that is capable of carrying more than 3 percent of daily global world oil demand. International benchmark Brent crude prices fell below $100 a barrel on Monday for the first time in more than a year, with prices tumbling by more than 15 percent since June due to weak demand and ample supply. (Reporting by David Sheppard and Ron Bousso in London; editing by David Clarke)
David Smith Appointed CFO of Rolls-Royce
Rolls-Royce announced today that David Smith has been appointed as Chief Financial Officer and a Director of Rolls-Royce Holdings plc. He takes up his new role with immediate effect, replacing Mark Morris who has decided to leave the company after 27 years, serving most recently as Chief Financial Officer since January 2012. David Smith joined Rolls-Royce earlier this year, and is currently Chief Financial Officer of the Aerospace Division. David spent the first 25 years of his…
Aker Solutions Appoints Head of Industry & Investor Relations
Aker Solutions says it has recruited David Phillips from HSBC Global Equity Research as head of industry and investor relations. He will start on June 17, 2014. Phillips, 43, served as global co-head of oil and gas research and managing director at HSBC since mid-2011 after joining the bank as an analyst in 2005. He earlier specialized as an analyst covering the chemicals sector for banks including Commerzbank, Morgan Stanley and Dresdner Kleinwort Benson. He will be based at Aker Solutions' London office and report to the company's chief financial officer. David Phillips has a BA in Chemistry from Oxford University and a PhD in Chemistry from Cambridge University. www.akersolutions.com
Women Lead Agenda at London International Shipping Week
Women in command, a maritime incident ─ the perfect dilemma, and the marvels of Old Father Thames are just a few of the interesting topics that WISTA-UK will be exploring at this year’s WISTA-UK event during London International Shipping Week (LISW). Following on from the success of their grand debate at LISW in 2013 WISTA-UK, in conjunction with UKTI, will again be holding an exciting program of free activities on the first day of LISW from 7-11 September 2015. Open to the public…
Ince to Advise Danaos on HMM Restructuring
Ince & Co’s London and Piraeus corporate, finance and shipping teams have advised long-standing client Danaos Corporation on Korean container line Hyundai Merchant Marine Co. (HMM), Ltd.’s US$2.1 billion restructuring. New York Stock Exchange listed Danaos Corporation is a leading international owner of container ships, chartering vessels to many of the world's largest liner companies. The restructuring completed on 23rd July 2016 when HMM issued 151,292,727 new shares to creditors as part of a debt for equity swap.
Aker Solutions Establish London Hub
"Aker Solutions now employ more than 3000 people across the UK and recently announced 500 new jobs in Aberdeen. Their expansion here is testament to the increasing depth and strength of our partnership with Norway across the spectrum of energy issues which helps to ensure that we keep household energy bills as affordable as possible for families across the country," adds Prime Minister Cameron. Aker Solutions provides oilfield products, systems and services for customers in the oil and gas industry, and is listed on the Oslo stock exchange. The company, which employs more than 3000 people in the UK, opened a new office in Chiswick Park, West London, last year. The start-up phase has been highly successful.