Navios Maritime Appoints Loizos to Board
Navios Maritime Holdings Inc., a vertically integrated seaborne shipping and logistics company, announced the appointment of Efstathios Loizos to its Board of Directors. Efstathios Loizos is a member of the Board of Directors of ION S.A.. He is also the President of the International Packaging Association and the Vice President of the board of directors of the Hellenic Association of Steel Packaging Manufacturers. Mr. Loizos received a Maitrise en Sciences Economiques from the University of Strasbourg and an M.B.A. in finance from New York University.
Tidewater Elects President
Tidewater Barge Lines, headquartered in Vancouver, Wash., has appointed Stephen A. Frasher as president and COO. Frasher, who holds an MBA from New York University, has 27 years of experience in the transportation industry, including time with Burlington Northern and Conrail.
Navios Appoints George Malanga to Board
Navios Maritime Holdings Inc. (NYSE:NM), a global, vertically integrated seaborne shipping and logistics company, announced the appointment of George Malanga to its Board of Directors. George Malanga is currently serving as the Chief Credit Officer of The Bank of New York Mellon Corporation. Malanga holds a bachelor degree in Business Administration from Rutgers College and an MBA in Finance from New York University. Navios Holdings has also announced that Rex Harrington, who has been a director of Navios Holdings' since October 2005, has resigned so that he can join the board of Navios Maritime Acquisition Corp. (NYSE:NNA.U).
Iran is Committed to Freedom of Navigation in Persian Gulf
Iran's foreign minister on Wednesday offered assurances that Tehran is committed to maintaining freedom of navigation in the Persian Gulf in the aftermath of the seizure of a commercial ship by Iranian forces a day earlier. "The Persian Gulf is our lifeline ... We will respect international navigation," Mohammad Javad Zarif told an audience at New York University. "For us, freedom of navigation in the Persian Gulf is a must." He added that senior foreign ministry officials and deputy foreign ministers from Iran and six powers would resume negotiations on a final nuclear deal on Thursday. He suggested the talks would take place in New York, where he is attending a review conference on the 1970 nuclear Non-Proliferation Treaty. (Reporting by Louis Charbonneau)
Northrop Grumman Appoints Maureen Del Duca Vice President
Northrop Grumman Corporation has appointed Maureen Del Duca vice president and deputy general counsel, Litigation and Investigations, effective immediately. In this role, Del Duca will be responsible for leading and managing the company's top quality internal team, and overseeing outside counsel for litigation, arbitration and investigations. Del Duca joins Northrop Grumman from her former position at AOL, where she was senior vice president and deputy general counsel, litigation, and chief ethics and compliance officer.
Obituary: John Newbold
John "Jock" Newbold died Saturday, April 12, in New York. He was among the most well-known and highly respected figures in shipping and financial circles. Jock was most recently a Non-Executive Director of Castalia Partners Limited and also a member of the Advisory Board of Castalia Straits L.P. Newbold retired from Citigroup in 1997 after a 36-year career, the last 21 of which were spent with Citibank’s business with the shipping industry. From 1985 to 1997, Newbold was Division Executive in charge of the Global Shipping Division with offices in New York, London, Piraeus, Tokyo and Hong Kong. Earlier in his career, he held positions as Head of the Corporate Bank in Japan…
Horizon Lines Expands Board of Directors
Board to expand to eleven from eight; seven New Board Members Join Four Existing Directors; Four Directors Retire. Horizon Lines, a domestic ocean shipping company, today announced that it will expand its Board of Directors to 11 members from eight, effective November 25, 2011. In conjunction with the expansion, seven new directors will be appointed and four of the existing eight directors will retire. • Jeffrey A. Brodsky, Kurt M. Cellar, Carol B. Hallett, James LaChance, Steven L. Rubin, Martin Tuchman and David N. Weinstein will join the board as independent directors.
Keppel Corporation Appoints New Board Director
Keppel Corporation Limited (Keppel) is pleased to announce the appointment of Mr Tan Puay Chiang (陈培璋) as Independent Director on the Board with effect from June 20, 2012. Mr Tan, 65, is a veteran in the oil, gas and petrochemicals sector. During his 38-year career with Mobil Oil and later ExxonMobil, he held executive management roles in Australia, Singapore and the United States. These included the positions of Vice-President, Mobil Research & Technology Corp, USA and Chairman & Managing Director of Mobil Oil Australia. Mr Tan retired as Chairman, ExxonMobil (China) Investment Co in 2008. Dr Lee Boon Yang, Chairman, Keppel Corporation, said, "We welcome Puay Chiang to the Board. Mr Tan is a non-executive Independent Director of Singapore Power and Neptune Orient Line.
Kurz Joins Hvide As CEO
In the latest of various corporate changes that have occurred at Fort Lauderdale, Fla.-based Hvide Marine, the company has elected Gerhard E. Kurz as CEO and a member of its Board of Directors. He replaces James J. Gaffney, who had been serving as interim chairman and will now hold the position of non-executive chairman of the board. Jean Fitzgerald, who managed to bring Hvide to new levels by taking the fledgling company out of Chapter 11 bankruptcy, took on Hvide's reins as chairman and CEO following the resignation of longtime CEO, Erik Hvide last year. Fitzgerald, who recently underwent successful heart surgery, will continue to serve Hvide as a consultant and member of its Board.
Justh Appointed to Odyssey Board of Directors
Odyssey Marine Exploration, a company in the field of deep-ocean shipwreck and offshore mineral exploration, appointed Mark B. Justh to its board of directors. The appointment adds a seat to the board, bringing the total number of directors to seven, including five independent directors. Justh previously served for 12 years at JP Morgan. There he was a managing director and head of Pan Asian Equities Distribution in Hong Kong. During his tenure at JP Morgan he was also responsible for Cash Equities Distribution in the Americas. Prior to JP Morgan, he was a partner at a startup fund in the media space, HPJ Media Ventures/DeNovo Capital. Earlier in his career, he was a vice president at Goldman Sachs International in International Equities. Justh holds a B.A.
GWMC Appoints Strand and New Board Members
Goltens Worldwide Management Corp. (GWMC) has announced the appointment of Roy Strand as Chief Operating Officer. Strand has previously served as the Vice President of Operations in the Americas and Europe, and will continue to serve as the Advisory Board Chairman within the Goltens Worldwide group of companies. Prior to joining Goltens, Strand held various managerial and global executive positions in the professional services field, including at KPMG Consulting, Netegrity and Computer Associates.
Annual Towing Forum Returns to SUNY Maritime
For nearly 20 years, leaders of the tug and barge industry in the region have converged on SUNY Maritime College in the spring to discuss current issues and initiatives facing the industry. This year will be no different; the 18th annual Towing Industry Forum will include presentations about safety management systems, wind farms and their impact on marine traffic, and a federal study regarding route planning and access to East Coast ports, among other topics. The forum, organized by the college’s Department of Professional Education and Training, will be from 8 a.m. to 1:30 p.m.
HAL & Kelly Clark in ‘Attorneys Who Matter’ List Again
The Ethisphere Institute, the global leader in defining and advancing the standards of ethical business practices, recognized Holland America Line and Seabourn’s Kelly Clark for the second consecutive year in its “2014 Attorney’s Who Matter” list of lawyers in the Best General Counsel category. Clark serves as vice president, general counsel, and chief ethics officer for the Seattle-based cruise lines. This award showcases individuals representing the best and brightest in the legal field — from in-house counsel, ethics and compliance officers to outside counsel.
SENER Organizes FORAN Seminars at Croatian Universities
The SENER engineering and technology group organized two technical seminars on the FORAN System between January 29 and February 1 at the Croatian universities of Split and Rijeka. The objective of these technical sessions, which are part of the agreement signed by SENER with both universities to extend the use of its FORAN marine design and production system, is to exchange knowledge between different industry agents as well as providing students with training. The four sessions…
Foxx Sworn in as 17th U.S. Secretary of Transportation
Charlotte Mayor Anthony Foxx was sworn in as the nation’s 17th Secretary of Transportation by Judge Nathaniel Jones in a private ceremony at U.S. Department of Transportation headquarters at 11 a.m. yesterday (July 2). The ceremony was attended by Foxx’s wife, Samara, and their two children, Hillary and Zachary, and used a Bible belonging to Secretary Foxx’s great-grandparents, Peter and Ida Kelly. Secretary Foxx worked for Judge Jones as a law clerk for the U.S. Sixth Circuit Court of Appeals after law school and invited Judge Jones to administer the oath of office today.
Kurz, Widdows, USCG 2009 AOTOS Recipients
The United Seamen’s Service (USS) 2009 40th Annual Admiral of the Ocean Sea Awards (AOTOS) were presented to Donald Kurz, President and CEO of Keystone Shipping Co., headquartered in Philadelphia, and to Ronald Widdows, Group President and CEO of Neptune Orient Lines (NOL) of Singapore, parent company of American President Lines (APL). A Special AOTOS Award was also presented to The United States Coast Guard. The maritime industry’s most prestigious honors were awarded at a gala industry dinner and dance held at the Sheraton New York Hotel and Towers, New York City, on November 13, 2009.
SUNY Maritime Approved as NY Tax-free Site
The State University of New York Maritime College is officially open for business, after receiving formal designation as a tax-free area under Governor Andrew Cuomo’s START-UP NY program. In a March 2 letter to Maritime College President Michael A. SUNY Maritime College has designated 1,700 square feet of vacant space on its campus in Fort Schuyler. The college will target businesses in the formative stage of development or engage in the design, development and introduction of high-technology products…
NYMAR to Sponsor Capital Markets and Port Infrastructure Forum
A forum entitled “New York Maritime Matters: Capital Markets: Today and Tomorrow” will be held on September 20th at the Lincoln Center Campus of Fordham University School of Law. Sponsored by New York Maritime (NYMAR) and the Fordham University School of Law, the seminar will be held from 4-6pm, followed by a wine reception. This forum will explore the recent volatility in the capital markets and the impact on shipping, as well as examine capital requirements for port infrastructure. Led by AMA Capital Partners’ Managing Director Peter Shaerf, a panel of shipping experts including Sophocles Zoullas (CEO, Eagle Bulk), John Wobensmith (CFO, Genco Shipping & Trading) and Omar Nokta (Analyst, Dahlman Rose) will discuss the recent volatility in the shipping capital markets.
Wärtsilä Inducted into SUNY Chancellor’s Society
Marine industry solutions and services provider Wärtsilä was honored at the State University of New York (SUNY) Chancellor’s Society on October 28 in downtown New York. The event, hosted by SUNY Chancellor, Nancy Zimpher, was arranged to formally recognize top donors of the 64-campus SUNY network; the largest comprehensive system of public higher education in the United States. In recognition of the strong partnership between Wärtsilä and the State University of New York, Maritime College, the University nominated Wärtsilä to be inducted as a ‘2013 Transformer’ of the Chancellor’s Society.
Kurz & Widdows Receive AOTOS Award
The United Seamen's Service (USS) 2009 40th Annual Admiral of the Ocean Sea Awards (AOTOS) will be presented to Donald Kurz, President and CEO of Keystone Shipping Co., headquartered in Philadelphia, and to Ronald Widdows, Group President and CEO of NOL (Neptune Orient Lines) of Singapore, parent company of American President Lines (APL). A Special AOTOS Award will also be presented to the United States Coast Guard. The maritime industry's most prestigious honors will be awarded at a gala industry dinner and dance to be held at the Sheraton New York Hotel and Towers, New York City, on November 13, 2009. Richard Hughes, Chairman of the USS AOTOS Committee and President of the International Longshoremen's Association, AFL-CIO, made the announcement on the occasion of the USS Annual meeting.
Navios Maritime Closes $35M Offering
Owner and operator of container and dry bulk vessels Navios Maritime Partners L.P. has closed the previously announced offering of approximately 18.4 million common units at $1.90 per common unit, raising approximately $35.0 million of gross proceeds. Navios Partners will use the net proceeds of the offering for general working capital purposes, including vessel acquisitions. Following the closing, Navios Partners will have 167,589,764 common units and 3,420,203 general partner units outstanding.
SUNY Maritime Seeks Bidders for Water Barge
SUNY Maritime College is requesting sealed bids from bidders to purchase a Water Barge named the SUNY No. 1 (a/k/a/ EX-Water Barge No. 42) in its current “as-is, where-is” condition at its current mooring. The minimum bid price for the sale of this Water Barge is $25,000. The Water Barge is located at Olivet Pier - SUNY Maritime College - 6 Pennyfield Avenue - Bronx, NY 10465. Bidders who would like to receive the Notice of Sale should email their information (name, e-mail, address, phone, fax, etc.) to firstname.lastname@example.org . It is the State University of New York’s policy to take affirmative action to ensure that New York State…
Great Lakes Towing Company Leadership Changes
Joseph Starck Jr. will take over as President of Great Lakes Towing Company. Starck joined the towing company in 1991 and was most recently its Vice President – Engineering. Since April 2009, he has also been President of the company’s shipyard division, which operates under the name Great Lakes Shipyard. Starck has been successfully leading all new construction and repair contracts for the company's Shipyard business, and will now be responsible for all of the towing company’s tugboat and shipyard activities on the Great Lakes. Starck is a graduate of the State University of New York Maritime College, and has an MBA from Case Western Reserve University. George Sogor was named Executive Vice President & Chief Financial Officer.