New Management at VULKAN
The Herne-based company VULKAN Kupplungs- und Getriebebau Bernhard Hackforth GmbH & Co. KG announced it has been under new management since March 2016. Under the new management scheme, Dr. Achim Brodde and Dipl. Ing. Dieter Klitzke will work together to steer the fortunes of the global coupling manufacturer. Dr. Brodde, who has also been Managing Director of VULKAN Lokring Rohrverbindungen since 2007, is taking on responsibility for the fields of Production, Quality Management and Engineering & Application. Klitzke will head up the business area VULKAN Couplings and is therefore also responsible for global sales activities in the field of maritime drive technology and energy generation. The new management duo is replacing Dr.
NOL Upgraded By Salomon Smith Barney
Salomon Smith Barney has upgraded its recommendation on shipping group Neptune Orient Lines (NOL) to a buy from an outperform on the back of its new management and a strong U.S. market. Salomon said in a research report that the market had "over-punished" NOL with a sell-off following Standard & Poor's warning of interest rate risk exposure by shipping companies. "We think the market has overreacted to interest-rate fears. Given top-notch new management and still strong U.S. growth, we are upgrading our rating to buy," Salomon said. It added it was unimpressed by S&P's conclusions, adding that it was not forward looking given the change in NOL's management. Salomon said its fundamental view of NOL had not changed.
Coast Guard Awards Deepwater Contract Under New Management
According to reports, the Coast Guard has awarded the first contract under its new management structure for the Deepwater program. The Coast Guard said in June that it would assume overall management duties for the troubled project, which includes a wide range of ships, aircraft and other systems. Lockheed Martin Corp. (LMT) and Northrop Grumman Corp. (NOC), the program's prime contractors through their Integrated Coast Guard Systems joint venture, were stripped of their lead systems integrator role. But the two contractors remain on deck to continue program work, through an extension of their umbrella contract. Now the Northrop-Lockheed team has finalized details on a $53m contract for a range of systems engineering and design work.
Oceanwide Appoints New Management
Oceanwide announced a new management structure for Oceanwide Netherlands, Oceanwide Baltics and Oceanwide Offshore Services. The new structure is effective immediately. Oceanwide Netherlands has appointed Jan Hessel Dijkstra as its new Managing Director. Jan Hessel has been with Oceanwide for five years in the position of branch manager and sales manager and has solid experience within the employment sector. He is assisted by Sales Manager Adje Burgers and five dedicated account managers. Oceanwide Netherlands has offices in Vlissingen, Hoogvliet and Harlingen, the Netherlands. Oceanwide Baltics’ new Managing Director is Galina Raspopova. Galina has long background in shipping and has been working for Ventspils Port Authorities and Riga Shipping.
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.
New Management Elected At BIMCO
BIMCO Informatique has elected Jan Henrik Monsen as manager, while Per Løvgren was appointed IT Manager. Monsen, who has been marketing executive for BIMCO, will now be responsible for the administrative and commercial areas of the organization such as development of standard products and marketing functions. As IT manager, Løvgren, who has been with BIMCO since 1996, will be closely coordinated with the department and include all technical matters involving the organization.
Fujairah Terminals Welcomes First Container Feeder Vessel
The newly established Fujairah Terminals, under the management of Abu Dhabi Ports, has welcomed its first container feeder vessel, the Dubai Alliance, reported Gulf News. This is the first ship to arrive at the terminal, which is wholly owned by Abu Dhabi Ports, the master developer, operator and manager of commercial and community ports within the emirate of Abu Dhabi, Fujairah Port and Khalifa Industrial Zone Abu Dhabi (KIZAD), following the signing of a concession agreement with the Port of Fujairah in June this year.
EIVA CEO Hansen Resigns
The board of directors of maritime and offshore software provider EIVA has accepted Lars Hansen’s resignation as CEO. Hansen has accepted a new management position in the United States and will relocate to the US with his family towards the end of the year. “We have appreciated Lars’ dedicated management style and straightforward way of communicating during the time we have had the pleasure of working with him. We wish Lars and his family all the best on their relocation to the US”, said Frans Boch, Chairman of the Board as comment from the board of directors of EIVA. The board of directors has initiated the process of recruiting a new CEO.
Aker Kvaerner Streamlines Operations
Aker Kvaerner launched an internal process that will lead to the creation of one, new business area that integrates the operations of its current Maintenance, Modifications and Operations business area (MMO) and Field Development business area (FD). The new business area will have nearly 8,500 own employees - including more than 2 300 engineers. "We do this to streamline our operations - to further sharpen our commercial edge to win new projects in new and current markets. This initiative will strengthen our ability to develop new business opportunities - and to deliver on our strategic targets," says Simen Lieungh, President & CEO at Aker Kvaerner. "The reorganization gives a leading engineering capability, with enhanced flexibility to further optimise our services offering and capacity.
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…
Venture Boat Co. Relaunches Itself on Market
Under leadership of new owner, Lee Heaton, US-based Venture Boat Company features modernized new additions to its range. Venture Boat Company has undergone a complete modernization, adding a number of innovative improvements to their existing models, introducing new models and moving production to the world-famous American Custom Yachts (ACY) facility in Stuart, Florida. Through their new partnership with American Custom Yachts, Venture Boats is not only able to provide customers…
MOL Issues "Safety, Environmental and Social Report 2017"
Mitsui O.S.K. Lines (MOL) has announced the publication of its Safety, Environmental and Social Report 2017 on September 21, 2017. The Safety, Environmental and Social Report 2017 proactively discloses the MOL Group's initiatives on environment, society, and governance (ESG). This year's report contains special features on the materiality (issues to address) that the group should emphasize. Special Feature 1: CSR Dialogue, Special Feature 2: MOL Group Environmental Vision 2030…
MOL Rolls Out 'Rolling Plan 2017'
Mitsui O.S.K. Lines (MOL) has formulated a new management plan starting from fiscal 2017. In formulating the plan, it first devised a vision for the MOL Group 10 years from now (2027), along with a long-term course for management, and then drafted three-year and long-term business strategies to realize this vision. This process was followed considering the major upheaval in the business environment surrounding MOL and the maritime transport industry, the group said. According to MOL…
UAE-based Lamprell Leadership Shake-up
Lamprell, provider of diversified engineering & contracting services to the onshore and offshore oil & gas industries makes sweeping Board changes. Nigel McCue is standing down as Chief Executive and as a director of the Company. Peter Whitbread, former Chief Executive who was with Lamprell from 1992 until 2009, has been appointed as Interim Chief Executive and will join the Board with immediate effect. Jon Cooper, Chief Financial Officer and Chris Hand, Chief Operating Officer, are also standing down as directors but will remain with the Company in order to ensure continuity in senior roles until such time as suitable replacements are recruited.
BN Shipyard Awarded Contract
According to Business Times, Boustead Naval (BN) Shipyard Sdn Bhd has landed a shipbuilding contract with a private company. Following a takeover in August last year, the new management has delivered two patrol vessels to the Royal Malaysian Navy and is slated to complete the remaining four in three years. Until former commitments with the Government are fulfilled, the company will not be seeking new contracts with them under the Ninth Malaysia Plan, he told reporters. This includes towing oil rigs, relocating drilling rigs and providing supply such as fuel and fresh water to platforms. Ahmad Ramli and Omar, who represented their companies in signing the contract, also performed the keel-laying ceremony by welding two plates. Source: Business Times
Skou Replaces Andersen as Maersk CEO
Danish shipping and oil company A. P. Moller-Maersk has appointed Soren Skou, head of its container shipping unit Maersk Line, as new chief executive for the group replacing Nils Smedegaard Andersen who has been in the job since 2007. Soren Skou will remain as CEO of Maersk Line in addition to his position as CEO for the Maersk Group. Andersen will leave the group, Maersk said in a statement. "The Board of Directors has tasked the new management to investigate the strategic and structural options to further increase agility and synergies," it said. Reporting by Teis Jensen
Aker Solutions Reports Earnings Prior to Split
Aker Solutions reports its second-quarter 2014 earnings ahead of its plan to split into two companies at the end of September 2014. One company will keep the current name and be comprised of the Subsea, Umbilicals, Engineering, and Maintenance, Modifications and Operations (MMO) areas. Aker adds that pro-forma second-quarter revenue for the new Aker Solutions rose to NOK 8.1 billion from NOK 7.5 billion a year earlier, helped by a 13 percent increase in sales of subsea equipment and services.
MC Shipping Appoints New CEO
MC Shipping announces that with effect from August 1st, Tony Crawford, CEO of V.Ships Financial Services & Projects Division, will take up the position of CEO and President of MC Shipping. On secondment from V.Ships, Tony takes over from Enrico Boggazzi as CEO and Guy Morel as President. Crawford will also replace Tullio Biggi on the Board of Directors of the Company. The new management will implement a business plan which will grow MC Shipping's activity around a number of market opportunities including the LPG sector. The Board also announces the formation of a Nominating and Governance Committee made up of the independent directors. This Committee is being formed a year ahead of the time mandated by current legislation.
First Repair Order for Damen Shiprepair Brest
On April 11, 2012, Director André Hollander and Sales Manager Theo Kloosterman announced the first shiprepair order of Damen Shiprepair Brest (France) by sounding the bell in the traditional way. It is the first vessel is booked under the new management and comes in the second week after the acquisition of the former Sobrena Yard in Brest by the Damen Shipyards Group. The order was granted by the French offshore and subsea service provider Bourbon Offshore Surf, specialized in Subsea Umbilicals Risers Flowlines (SURF) services and concerns the docking of the Alcyon…
Certification for MOL Environmental Management System
Mitsui O.S.K. Lines (MOL) has announced that on July 20, its core dry-cargo ship management company, MOL Ship Management received a new certification of its Environmental Management System ISO14001: 2015 and Energy Management System ISO50001from Nippon Kaiji Kyokai (ClassNK) after undergoing stringent transition audit and renewal audit processes. MOLSHIP acquired ISO14001: 2004 and ISO50001: 2011 certifications at the same time from ClassNK in July 2014 . Since then, it has worked…
Norden Shuffles Executive Management Team
Danish dry cargo and tanker shipping company Dampskibsselskabet Norden A/S informs it has combined a number of management functions in order to reduce its executive management team from five to three members. “With the changes we are consolidating a number of functions creating a more streamlined organization,” Norden CEO Jan Rindbo stated in a press release. Effective immediately, Norden’s new plan sees the executive management team trimmed down to CEO Jan Rindbo, CFO Martin Badsted and executive vice president Ejner Kiel Bonderup.
Landtman Named New Yard Manager
Aker Yards has a clear ambition to strengthen the operational focus in the business area Cruise & Ferries in Aker Yards, and has decided to strengthen the management team. The new manager for the yards in Finland, Martin Landtman, will together with the manager for the yards in France and the manager for sales and marketing report directly to the CEO. "We want to make sure that we are a profitable and leading shipbuilder also in the long term. With the new management model for Cruise & Ferries, we are combining the skills of three of the international shipbuilding industry's best top managers. As part of this, we are of course very pleased that Martin Landtman has joined our executive management team", says Svein Sivertsen, chairman of Aker Yards' board of directors.
German Shipyard FSG Re-organizes Top Management
Current Chief Technology Officer Frank Bywater will be joined by Markus Bartsch as new Chief Executive Officer. Current CEO Peter Sierk will take over the management of FSG parent company NSH (Nord- deutsche Schiffbau-Holding) and as a result take responsibility for overall strategy as Chairman at FSG. “Over the past two years we have seen how the switch from series to special ship buil- ding at our yard has brought with it an enormous new set of demands”, says Peter Sierk. “Contracts are getting more complex and processes more multi-layered.