Hanssons Increase Stake in Nordic American Offshore
The executive chairman of Nordic American Offshore Ltd. (NAO) and his family have increase their holding in the company, now holding shares equivalent to 5.4 percent of NAO. On Wednesday a company owned by the NAO executive chairman, Herbjorn Hansson, and his son, Alexander, bought 500,000 shares in NAO at an average price of $1.18 per share. They also bought 500,000 NAO shares on Tuesday.
UK P&I Club Advises on Charterparties in Bills of Lading
Amanda Hastings, Claims Executive at UK P&I Club, comments on incorporation of charterparties into bills of lading. The issue of incorporation of charterparties into bills of lading is debated by the English courts on a fairly frequent basis; most recently in the Anna Bo (2015) and the Magellan Spirit (2016) cases. So what’s all the fuss about really and how do you avoid getting caught out? As with many contracts, an omission of a term will not become apparent (or cause a problem) until something goes wrong – but when it does, it can be very difficult (and expensive) to rectify. This can be seen in the case of the Magellan Spirit, when the owners sought to rely on an exclusive jurisdiction clause in the charterparty (and amend the bill of lading)…
Hanssons Up Stake in NAO – Again
Nordic American Offshore Ltd. executive chairman, Herbjorn Hansson and his son, Alexander, have accumulated 1,681,007 shares in the New York listed NAO at an average price of $1.12 per share. Following the the last purchase of 181,007 NAO shares on Friday, May 12, the Hansson family together with its previous holding now hold shares equivalent to 6.5 percent of NAO.
Baltic Exchange Names Sykes Chief Commercial Officer
The Baltic Exchange has appointed a new chief commercial officer; Janet Sykes, former head of communications at shipping services provider Clarksons Platou, will join the Baltic Exchange on July 3. Sykes worked at Clarksons Platou between 2010 and 2017 where she was responsible for all internal and external communication and marketing. She was previously head of marketing at the Baltic Exchange (2001-2010) and has previously worked as shipbroker at Howe Robinson (1991-2000). Baltic Exchange chief executive, Mark Jackson, said, “We're delighted that Janet Sykes will be joining the team. She has global shipping experience with a strong focus on the derivative markets and data products.
Safe Bulkers Expands Fleet
Safe Bulkers, in its Q1 financial results annoucements said that with the latest addition of Pedhoulas Rose, its fleet has increased to 38 dry bulk vessels. In January 2017, the company took delivery of Pedhoulas Rose (Hull No. 1146), a 82,000 dwt, newbuild Kamsarmax class vessel. Also in January, Safe Bulkers took delivery of Hull No. 1551, a 81,600 dwt, newbuild Kamsarmax class vessel which was subsequently sold to chief executive officer and chairman, Polys Hajioannou. As of May 12…
Hendry Marine Launches Business Development Team
U.S. tug-barge shipyard Hendry Marine Industries, Inc., (HMI) has launched a new business development team, with Kristen Chittenden appointed Director of Business Development, and Eric Smith named VP & Chief Commercial Officer. Chittenden and Smith will work closely with Hendry Marine’s CEO and president, Jim Long, the executive leadership team and its various subsidiaries to set company strategy and develop new business opportunities. Chittenden has served as Associate General Counsel for Hendry Marine for the past three years…
NCL Makes Inaugural Call to Cuba
Norwegian Cruise Line’s first ship to sail to Cuba, Norwegian Sky, has made her maiden call in the capital city of Havana. “Today is a momentous day for Norwegian Cruise Line, our guests and our travel agent partners, as we open our doors to Cuba’s natural beauty, warm people and historical treasures,” said Frank Del Rio, president and chief executive officer for Norwegian Cruise Line Holdings, who was on board Norwegian Sky with other NCL executives to celebrate the voyage. Today’s call was the first of Norwegian Sky’s weekly roundtrip cruises from Miami to Cuba.
USS Abraham Lincoln Departs for Sea Trials
Nimitz-class aircraft carrier USS Abraham Lincoln (CVN 72) got underway for sea trails, May 9, following a four-year refueling and complex overhaul (RCOH) at Newport News Shipbuilding, Newport News, Virginia. The four-day sea trails marks Abraham Lincoln's first time underway since March 2013. The ship spent its last days in the shipyard completing a five-day "fast cruise," May 2-7, making final preparations for its transit to Naval Station Norfolk. "We are looking forward to taking the ship out on the open water where we belong," said Capt. Amy Bauernschmidt, Lincoln's executive officer.
IMCA Supports CBP's Jones Act Decision
The International Marine Contractors Association (IMCA) welcomed withdrawal of the Customs and Border Protection (CBP) notice to revoke and modify rulings relating to offshore vessels under the Jones Act. Allen Leatt, Chief Executive of IMCA, explained, “Members of the International Marine Contractors Association with vessels active in U.S. waters, together with their clients, welcome the decision by the U.S. Customs and Border Protection (CBP) Agency to withdraw its proposed revocation of longstanding decisions made over the last 40 years concerning the Jones Act.
Vancouver: Maritime’s New Home Address
The Vancouver International Maritime Centre (VIMC) is on a mission to grow the city and port into one of the world’s premiere maritime centers. Maritime Reporter & Engineering News recently spoke with Kaity Arsoniadis-Stein, Executive Director of the newly re-established VIMC, for her insights on the pace and direction of the initiative. Let’s start out easily. Why Vancouver? Why now? Why Vancouver? Projections and studies indicate that global trade will increase and shift to the Pacific due to the demand of resources by China and India.
Harris Joins J.F. Lehman Operating Executive Board
Frederick J. Harris, recently retired president of General Dynamics NASSCO and Bath Iron Works shipyards, has joined the operating executive board (OEB) of private equity firm J.F. Lehman & Company. The OEB is a group of industry and government executives with significant experience in the firm’s target industries. Through key relationships and sector-specific knowledge, OEB members contribute to sourcing and evaluating transactions, advising on portfolio company strategy and recruiting senior level portfolio company management.
Cannon Tapped to Lead FLIR Systems
FLIR Systems, Inc. has appointed James J. “Jim” Cannon as its new president and chief executive officer, effective June 19, 2017, succeeding Andy Teich, who will retire after 33 years of service. Cannon previously served for more than 16 years in a variety of senior leadership positions at Stanley Black & Decker, Inc., most recently as president of Stanley Security North America & Emerging Markets. Prior to that, he was president of the company’s Industrial & Automotive Repair (IAR) business unit…
WSS: Digital Solution Focus @ Norshipping
Wilhelmsen Ships Service (WSS) are bringing the maritime digital solutions of the future to life at Nor-Shipping. Unveiling their augmented reality (AR) project at the world’s biggest maritime show, this immersive, interactive tool enables visitors to view the company’s very latest products and systems, inside and out. Developed in conjunction with Austrian technology company Imagination Computer Serv. GesmbH, using their AR software ‘MagicLens’, visitors will download a reader app to their phones and scan a printed image to unlock the AR system.
Sentinel Takes Delivery of New Rescue Vessel
Aberdeen-headquartered Sentinel Marine said it has taken delivery of a new emergency response and rescue vessel (ERRV) which will see 24 new jobs being created within its North Sea operation. Sentinel Marine, which owns and operates offshore support vessels for the oil and gas industry, has secured a contract for the Mariner Sentinel with a major producer for its North Sea oil field. Following construction in China, the vessel is en route to Aberdeen and is expected to commence operating in July 2017. Mariner Sentinel is the latest of six new build for Sentinel Marine since 2015.
Lloyd Named Nautical Institute CEO
Last week’s Nautical Institute London Command Seminar saw the appointment of Captain John Lloyd RD MBA FNI as the Institute’s new chief executive officer, succeeding Philip Wake OBE RD MSc FNI, who is retiring after 14 years in post. Speaking at Trinity House, the venue for the third of the Institute’s 2017 command seminar series, Captain Lloyd said, “I am delighted to be leading the next phase of development at The Nautical Institute, at a time of great change for our industry.
Great Lakes Dredge & Dock Names Petterson CEO
Effective May 1, Lasse Petterson has assumed the role of chief executive officer (CEO), a provider of dredging, environmental and remediation services. In his over 35-year career, Petterson has gained extensive experience in the engineering, construction and maritime industries. His international experience includes time working and living in Norway, Asia and the U.K. to oversee operations and major projects in Australia, Middle East and South America. Most recently, Petterson served as a private consultant to clients in the oil and gas sector. Petterson served as chief operating officer (COO) and executive vice president at Chicago Bridge and Iron (CB&I) from 2009 to 2013. Prior to CB&I, Petterson was CEO of Gearbulk, Ltd.
14 Appointed to NOIA Board
The National Ocean Industries Association (NOIA) elected 14 industry leaders to its Board of Directors on April 21, 2016 during its Annual Meeting in Washington, DC. Gary Luquette, President and Chief Executive Officer, Franks International, N.V. Kirk Meche, President and Chief Executive Officer, Gulf Island Fabrication, Inc. Richard Morrison, Regional President Gulf of Mexico, BP America, Inc. W. Matt Ralls, Executive Chairman, Rowan Companies, Inc. Jeff Platt, President and Chief Executive Officer, Tidewater, Inc.
Port Houston Box Volumes Continue to Rise
“Port Houston handled close to 10 million tons of total tonnage, reflecting an increase of eleven percent over 2016,” Port Houston Executive Director Roger Guenther announced during the April meeting of the Port Commission of the Port of Houston Authority. During the first quarter of this year, Port Houston facilities handled 607,000 TEUs. Guenther said the majority of this increase is largely due to an increase in container volumes, which showed an increase of 18 percent.
Transocean Ltd. Announces Management Appointments
Transocean Ltd. announced the following management appointments, effective immediately. Ricardo H. Rosa has been named Executive Vice President and Chief Financial Officer. Prior to being named to his current position, Mr. Rosa served as Senior Vice President and CFO. Arnaud A.Y. Bobillier has been named Executive Vice President, Operations Integrity, responsible for driving continuous improvement companywide. Before being named to his current position, Mr. Bobillier served as Executive Vice President, Asset and Performance. Ihab Toma has been named Executive Vice President, Operations, responsible for global business and asset and performance. He has assumed the function of principal operating officer of the company. Before being named to his current position, Mr.
ClassNK Announces Boardroom Reorganization
Tokyo - Japanese ship classification society Nippon Ippon Kyokai (ClassNK) has announced the following changes in its Executive Board of Directors, effective March 22, 2012. Executive Vice President Hiroshige Kitada has retired, and two executive officers, Tetsushi Agata and Tetsuya Kinoshita, General Managers of the General Affairs Department and Planning Department, respectively, have been promoted to the position of managing director. The board consists of Noboru Ueda, Chairman and President; Toshitomo Matsui, Executive Vice President; Shosuke Kakubari, Executive Vice President; Koichi Fujiwara, Executive Vice President; Takuya Yoneya, Executive Vice President; Yasushi Nakamura, Executive Vice President; Tetsushi Agata, Managing Director; Tetsuya Kinoshita, Managing Director. Dr.
Malgrain Named Executive VP of Bourbon
At a meeting on November 4, Bourbon’s board of directors appointed Nicolas Malgrain as executive vice president effective December 1, 2014. He will be in charge of the group’s strategy, finance and administration. Malgrain, nominated on the proposal of the chief executive officer Christian Lefevre, will succeed Laurent Renard, who will retire effective December 31, 2014, on the executive committee. The group's executive committee now includes Christian Lefevre, Chief Executive Officer…
San Francisco’s New Ferry Enters Service
Hydrus, the first in a series of new 400-passenger catamaran ferries for the Water and Emergency Transportation Authority (WETA) in San Francisco, has entered service. Designed by Incat Crowther and built by Vigor in Seattle, Hydrus is the first of this new class of vessel with additional ferries to follow. “In the spring of 2015, Vigor began construction on the first of two WETA ferries in this class,” said Tim Kolb, General Manager of Vigor Ballard. “It’s an efficient design and very environmentally friendly”.
Halliburton Announces Management Changes
As a further effort to strengthen its operational efficiencies, augment its management and succession development opportunities and maximize its financial performance, Halliburton announced several changes to its executive management team. Executive Vice President and Chief Operating Officer Andrew Lane will retire effective Dec. 31, 2007. Halliburton will eliminate the COO position, and the Companyâ€™s Eastern and Western Hemisphere presidents as well as the Completion and Production, and Drilling and Evaluation Divisions now will report directly to Dave Lesar, Halliburtonâ€™s Chairman of the Board, President and Chief Executive Officer. In addition, the following executive management changes are effective Jan. * Executive Vice President and Chief Financial Officer C.