Norwegian shipping firm Odfjell SE has appointed Harald Fotland as its new Chief Executive Officer (CEO). Fotland comes from the position as Odfjell's Chief Operating Officer, and will assume the CEO position on May 6, 2022."We are pleased to have an internal candidate take over the helm at Odfjell. The appointment was made after a process including external and internal candidates.
A.P. Moller-Maersk's board said on Tuesday it has nominated family heir Robert Maersk Uggla to be its next chairman as part of a generational handover at the Danish shipping company.Current chairman Jim Hagemann Snabe and vice-chair Ane Maersk Mc-Kinney Uggla, Robert Maersk Uggla's mother, are not standing for reelection to the board at its March 15 annual general meeting
An oil production and storage vessel exploded off the coast of Nigeria early on Wednesday with 10 crew members on board though it was not yet clear if there were any casualties or how much crude might have spilled into the sea.Nigeria's Shebah Exploration & Production Company Ltd (SEPCOL) said on Thursday that flames had engulfed the Trinity Spirit floating production, storage
The U.S.' largest military shipbuilder Huntington Ingalls Industries said Friday its Chief Operating Officer Chris Kastner would become HII president and chief executive officer, consistent with the company’s succession plan. The HII board also elected president and CEO Mike Petters to become executive vice-chairman of the board for a transition period.
Niels G. Stolt-Nielsen has decided to step down from his role as Chief Executive Officer of chemical tanker operator Stolt-Nielsen Limited.The company said Wednesday he'd continue as CEO and as a Director on the Board until the appointment process for a successor has been completed. Niels G.
U.S.-based offshore vessel owner Hornbeck Offshore Services has agreed to acquire ten high-spec new generation offshore supply vessels ("OSVs") from Edison Chouest Offshore affiliates.Eight of the vessels are U.S.-flagged, Jones Act-qualified, 280 class DP-2 OSVs with capacities of circa 4,750 DWT. The other two vessels are Mexican-flagged 240 class DP-2 OSVs with capacities of circa 3,200 DWT.
Offshore drilling company Seadrill Limited has secured a contract for the West Jupiter drillship with Brazil's Petrobras for work in the Búzios field offshore Brazil. The contract is for a firm term of 1,040 days with the start-up slated for December 2022. The total contract value is about $264 million, including mobilization revenue and additional services.
Royal Caribbean Group's Chief Executive Officer, Richard Fain, is stepping down after more than three decades with the U.S. cruise operator that is still recovering from the slump caused by the coronavirus crisis.Finance chief Jason Liberty will takeover as CEO, Royal Caribbean said on Tuesday
Tanker rates to ship liquefied natural gas (LNG) have more than doubled since the start of the month as a power crisis in Asia and Europe drives up demand for vessels, industry sources said on Tuesday.The daily charter rate for a tri-fuel diesel-electric (TFDE) vessel that can carry 160,000 cubic meters of LNG to Pacific basin ports rose to $202,500 a day on Tuesday, the highest since Jan.
Freight volumes in the port of Rotterdam increased 15% on a yearly basis in the third quarter as international trade continued to recover from its COVID-19 slump, Europe's largest sea port said on Tuesday.Trade flows to and from Rotterdam have been almost 9% higher in the first nine months of the year, with strong growth in almost all segments, the port said.
In 1985, Chris Deegan was hired out of Penn State as a nuclear submarine cost estimator by the Naval Sea Systems Command and retired nearly 28 years later as the Executive Director of PEO Integrated Warfare Systems, with the last 10 as a member of the Senior Executive Service. He’s been with Gibbs & Cox since 2013, first as the Vice President of Engineering
The world's largest offshore wind developer Orsted is concerned that Big Oil's eagerness to harness wind at sea could push up prices for seabed leases, making the technology less competitive, its chief executive told Reuters.European oil firms including Total, BP, Equinor and Shell have all outlined plans to speed up investments in renewables, including offshore wind