Moschou Elected to Odfjell Board
At an Extraordinary General Meeting held Nov. 6, Mrs. Marianna Moschou, 54, was elected to Odfjell's board of directors. Odfjell's board consists of B. D. Odfjell jr. (Chairman), Terje Storeng, Peter G. Livanos, Reidar Lien and Marianna Moschou. The company intends to elect another director at the Annual General Meeting to be held in the spring 2004. Until late 2001 Mrs. Moschou served as the Deputy Head of Citibank's Global Shipping Division with responsibility for Citibank's shipping business in Greece, Southern Europe and Middle East. She joined Citibank in 1967.
Livanos Becomes Euronav Chairman
On 22 July 2014, the Board of Directors of Euronav NV unanimously appointed Peter G. Livanos as Chairman of the Board, with immediate effect in replacement of Marc Saverys who was appointed Vice Chairman of the Board of Directors. Saverys said, “I am pleased to step down after one of the busiest times the company had in its history and give the chairmanship to Peter for a period that promises to be very exciting, as the expected tanker shipping markets recovery seems in sight. Peter G.
Somerville Named MMA Person of the Year
Mr. Robert D. Somerville, Chairman and Chief Executive Officer of ABS has been named as the Massachusetts Maritime Academy 2009 Maritime Person of the Year. Each year Massachusetts Maritime Academy selects a civilian or military leader who has distinguished him or herself through a career of excellence, innovation, and service to the maritime industries. The honoree is presented with the Captain Emery Rice Medal, named for an 1895 Academy graduate and hero of the First World War. The award will be presented to Mr. Somerville on November 6, 2009 at the 15th Annual Admiral’s Ball, being held at the InterContinental Hotel in Boston, Massachusetts. The Admiral’s Ball is the Academy’s largest annual fundraiser.
LNG Carrier Owners GasLog Report Q2 2012 Results
GasLog Ltd., owner, operator & manager of liquefied natural gas (“LNG”) carriers, reports financial results for second quarter 2012. GasLog’s fleet consists of 10 wholly-owned LNG carriers, including two ships delivered in 2010 and eight LNG carriers on order. In addition, GasLog currently has 12 LNG carriers operating under its technical management for third parties. • Continued strong fundamentals for the LNG industry. • For the second quarter, GasLog reports Adjusted EBITDA(1) of $8.4 million, Adjusted Profit(1) of $2.6 million and Loss of $3.6 million. • Adjusted earnings per share ("EPS")(1) of $0.04 and loss per share of $(0.06) for the second quarter of 2012. • Operating performance in-line with management’s expectations and reflects full employment of the delivered fleet.