Aqueos Wins GoM Contract
Subsea services provider Aqueos Corporation said it has been awarded a major contract for a large pipeline installation project located in the Gulf of Mexico. Aqueos said the contract, which commenced in December 2017 and will be completed in the first half of 2018, will support shallow-water pipeline installations in water depths up to 100 feet. The work scope will utilize the Aqueos diving support vessel (DSV) SPLASH, with surface dive teams utilizing its jet propulsion and built in NITROX diving system. The project will be supported by Aqueos’ project management team based in Broussard, La.
Wilhelmsen Relocates to Singapore
Wilhelmsen Ship Management (WSM) will be relocating its global headquarters from Kuala Lumpur, Malaysia, to Singapore within the first quarter of 2018. The relocation decision is part of WSM’s strategic initiatives to be nearer to current clients and also future market. Singapore is an established maritime hub, and a driver of digital innovation that will play a significant part in the company’s ongoing transformation. At the moment, only a few selected key personnel in the management team will be relocated.
Changes in Aker Kvaerner's Management Team
Executive Vice President Jon Erik Reinhardsen resigns and assumes a position in Alcoa as President - Growth, Primary Products. Reinhardsen has been a member of Aker Kvaerner's executive management team and from 2002 been located in Houston, USA. He will now move to Alcoa's office in New York. Jon Erik Reinhardsen's position in Aker Kvaerner will not be replaced as his tasks will be handled by other members of the management team.
Johnsen Joins the Management Team in Akasto
Paal E. Johnsen will take the position as Investment Director in Akastor, and will be a part of the company's executive management team. Johnsen comes from a position in DNB Markets, and has extensive experience at management and board level in various companies in industry and finance, including Carnegie ASA and Alden AS. "Paal has a track record and experience that will be a very valuable addition to Akastors' management team." says Akastors' Chief Executive Officer Frank O. Reite.
Corbett & Holt and Gallagher Marine Announce Merger
Corbett & Holt, LLC and Gallagher Marine Systems, Inc. announced that they have reached agreement on a merger that will combine the two companies. This move is designed to join two of the premier providers of Qualified Individual and spill management team services and compliance support for the U.S. Oil Pollution Act of 1990 (OPA 90) and other U.S. state and national oil and hazardous substance pollution laws and regulations. The companies will continue to operate as Gallagher Marine Systems and Corbett & Holt under a joint management team. The joint management team will be made up of Biff Holt as managing director, Jack Gallagher as Director of response operations, and Charles Corbett as director of technical services.
Crowley’s Solutions Group Reorganizes
Crowley Maritime Corp.’s solutions group announced that it is reorganizing and establishing new leadership to better serve customers in need of engineering, project management and government services. Solutions is the company’s dedicated, full-service engineering, project management and government services team, reporting to Crowley’s Todd Busch, senior vice president and general manager, technical services. Jay Edgar, who is new to Crowley, has been appointed vice president and leader of the company’s newly formed engineering services team…
FSL Trust Sees First Quarterly Profit Since 2011
FSL Trust Management Pte. Ltd. (FSLTM), as trustee-manager of First Ship Lease Trust (FSL Trust) has generated a profit of $1 million for the 2Q of the 2014 financial year. This profit compares to a $7.2 million loss for the 2Q’s corresponding previous year. This turnaround succeeds the restructuring efforts of the senior management team. FSL Trust has seen a performance improvement in the past quarter due to initiatives that were implemented September 2013. The Trust now has…
The integration of RasGas with Qatargas will enable the world’s largest LNG exporter to save QR2bn ($550 million) a year, Qatar Petroleum (QP), the state-owned energy giant, announced. Saad Sherida Al-Kaabi, President & CEO of Qatar Petroleum made the announcement in a press conference held at QP headquarters in the presence of representatives of ExxonMobil, Total, ConocoPhillips, and Shell - the main international shareholders in both companies. Al-Kaabi said “Our aim was to…
New Developmet Director at Ferguson Group
Aberdeenshire-based Ferguson Group is pleased to announce a new appointment to its senior management team. The Ferguson Group, specialists in the rental of containers, refrigeration containers, accommodation modules and engineering modules to the global offshore energy, has boosted its senior management team with the appointment of Derek Penny as the group’s corporate development director. Derek Penny joined the Ferguson Group earlier this year as its business development consultant. Earlier this week it was announced that he has been appointed as the group's corporate development director.
MOL, Changes to N America Sales Team
MOL (America) Inc.’s Product Management Team has announced changes to its North America Sales Management. Effective immediately, Dennis Sheehan, Vice President Atlantic Services will direct MOL’s sales activities in the US Northeast, Midwest and Southeast regions, while Jim Galligan, Vice President Pacific Services will lead sales activities in the US Western States and Mexico. In their new assignments both gentlemen will report directly to Thomas M. Kelly, Executive Vice president and Chief Operating Officer for North America Area Management. MOL’s Product Management Team also includes Stephen Ryan, Vice President North America Customer Service and Richard Craig, Vice President Area Operations.
ENSCO Appoints New V.P and CFO
James "Jay" W. Swent has been named by ENSCO’s Board of Directors to serve as Senior Vice President and Chief Financial Officer, effective immediately. Swent previously held various financial executive positions at Memorex Corporation and Nortel Networks, and served as Chief Financial Officer and Chief Executive Officer of both Cyrix Corporation and American Pad and Paper Corporation. He is a graduate of the University of California at Berkeley, where he received a B.S. in Finance and a Masters Degree in Business Administration. Carl F. Thorne, Chairman and Chief Executive Officer of ENSCO, said "We are pleased that Jay is joining our management team, and look forward to his contribution.
Prosafe Taps Andresen as CEO
Semi-submersible accommodation vessels owner and operator Prosafe has made several changes to its management team. Jesper Kragh Andresen was appointed as Chief Executive Officer (CEO), and Stig H. Christiansen as Deputy CEO and Chief Financial Officer (CFO) of Prosafe Management AS. Georgina Georgiou will continue as General Manager of the parent company Prosafe SE. From 2012 and until recently, Andresen was CEO in Axis Offshore. Prior to this he was President of Lauritzen Offshore and Managing Director of J. Lauritzen Singapore.
BSM Completes Global Management Program
Bibby Ship Management has successfully completed its second Global Management Programme which, it says, has helped to develop the management skills of all its management team across its global offices. According to Nicola Quayle, Head of Group HR, at Bibby Ship Management, the Global Management Programme 2015 was designed to benefit all levels across management. - Two x two-day workshops to explore management principles, theories and models and establish how to apply these back into the workplace.
Chembulk Announces New Leadership
It has been about fours months since the deal was sealed for PT Berlian Laju Tanker to acquire Chembulk Tankers—the 21st Century Chemical Tanker Company, and the vision of the acquisition is being realized. The addition of 19 new chemical tankers, coupled with the strong Chembulk management team, results in an organization that boasts the third largest stainless steel chemical tanker company in the world. The fleet of 19 includes the Chembulk Kings Point, delivered last month in…
Yang Ming Agrees to Pay Cuts
Yang Ming Marine Transport Corp management team has agreed to take steep pay cuts to weather a downturn in the global cargo shipping sector that has strained the company’s earnings. According to a report in Taipei Times, the company’s board of directors approved a plan to cut the salaries of first line managers by 30 percent, while executives’ pay is to be reduced by 50 percent. The pay cuts are estimated to yield annual cost savings of about NT$30 million (US$953,349), Yang Ming said in a statement.
MacGREGOR Forms Offshore Division
The MacGREGOR Group recently unveiled details of its new offshore division, a division made possible by the recent acquisitions of Hydramarine in Norway and Plimsoll in Singapore. The Offshore division will comprise more than 660 employees: 160 in Norway and 500 in Asia. In 2006, Hydramarine and Plimsoll had a combined turnover of approximately €104 million and a order backlog of €175 million. Both Hydramarine and Plimsoll are financially consolidated into the MacGREGOR Group as of April 1, 2007. According to the company, there are a number of strong synergies in combining Hydramarine and Plimsoll into one new business division. Business-wise…
Drew Marine Realigns Management Team
In order to enhance its efficiency and coordination in response to shipowners' growing requirements for global supply, the Drew Marine Division of Ashland Specialty Chemical Company has restructured its management team. As part of consolidation of operations and marketing, the division has named: Daniel P. Kelleher, vice president of marine sales for Europe and the Americas; Nels J. Hendrickson, vice president of marine marketing and business development; and Barry F. LaVista, vice president of marine operations, responsible for supply and distribution in Europe and the Americas. Sales and operations of the division's Asia Pacific Region remain the responsibility of regional vice president, David O. Ochinero.
DPE is New Majority Shareholder in INTERSCHALT
Deutsche Private Equity GmbH (DPE) is set to become the new majority shareholder in INTERSCHALT maritime systems AG, the maritime software and services provider for navigation and communications equipment for ships as well as manufacturer of a Voyage Data Recorder, with retroactive effect from December 31, 2014. The shipping company Peter Döhle and Gärtner Consulting GmbH will remain the other shareholders of the company. Robert Gärtner will also continue at the helm of the company in his capacity as CEO together with the current management team.
Aker Yards, Cruise & Ferries Appointments
Aker Yards announced several executive sales and marketing appointments for its Cruise & Ferry business in the wake of its acquisition of the French yards in Saint Nazaire and Lorient earlier this year. Juha Heikinheimo is in charge of Sales and Marketing in the Cruise & Ferries Business Area, and he reports to Yrjö Julin, President. Carl-Gustaf Rotkirch is in charge of the sales function in Finland and Arnaud Le Joncour in France. Both are also appointed as members of the local management teams. They report to Heikinheimo. So do the other sales managers, Didier Bourdin, Håkan Enlund, Jean-Yves Fustier, Paavo Lohi, Kari Pulli, François Sieur, Johan Snellman and Hannu Tuomela. Eero Mäkinen is in charge of Marketing, reporting to Heikinheimo.
Knutsen is Head of Yara Downstream
Yara International ASA has appointed Terje Knutsen as Head of Downstream. He succeeds Egil Hogna, who has submitted his resignation. Knutsen will assume his new position on 1 May 2015. Yara's Downstream business unit manages the company's global sales, marketing and distribution of fertilizers. Terje Knutsen currently heads Yara's business unit for Downstream activities in North & East Europe. Prior to this, he was Head of Business Unit Asia. Aged 52, Knutsen holds a Master's degree in economics and business administration from the Norwegian School of Economics (NHH).
MODEC Aides FGL
MODEC Inc., announced that its wholly owned subsidiary, MODEC (USA) Inc. in partnership with the current management team of Friede & Goldman, Ltd. (FGL) has signed a contract with Friede Goldman Halter, Inc. to acquire the assets of Friede & Goldman Ltd. The acquisition is subject to approval by the United States Bankruptcy Court. Commenting on the agreement,. Paul Geiger Jr., President of Friede & Goldman, Ltd. said, “This acquisition led by the management team with the support of MODEC Group gives a tremendous boost to the business activities of FGL. We intend to aggressively market our services and designs to drilling contractors and to shipyards. Kenji Yamada, President & C.E.O. of MODEC Inc.
MOL N America HQ Relocation
MOL (America) Inc.’s North America Headquarters, which includes the Trade Management staff, announced that it has decided to relocate its Concord Headquarters to Lombard, IL. Noboru Kitazawa, President of MOL (America) Inc, said, ”The consolidation will allow for a greater synergy among the interactions between Trade Management and the Product Management Team (PMT) which is already located in Lombard. This will improve our ability to optimize vessel and intermodal networks to enhance revenue and cost management, as well as broaden our employees’ career opportunities.” The relocation of staff into their current location in Lombard is scheduled for early August 2009. (www.MOLpower.com)
Pankaj Khanna Appointed As CEO of Ocean Rig
Pankaj Khanna has been appointed as President and Chief Executive Officer of Ocean Rig UDW, a global provider of offshore deepwater drilling services, effective January 1, 2018. Khanna is 47 years old with 29 years of varied experience in the maritime & offshore industry. He last served as Chief Executive Officer of Pioneer Marine Inc, a drybulk company that he founded in 2013. Prior to his position at Pioneer Marine Inc Khanna served as Chief Marketing Officer at Ocean Rig UDW Inc. from January 1, 2012 to October 2, 2012. Mr. Khanna served as the Chief Operating Officer of DryShips, Inc.