Maritime Jobs
Tuesday, September 19, 2017

Maritime Finance Job News

© Carabay / Adobe Stock

For Payroll Purposes, is Your Seaman Really a Seaman?

have on your vessel. Failure to do so could be expensive.    As vessel operators, we pay close attention the provisions of the Jones Act and how they affect the operation, crewing and administration of our marine-based operations. A determination that your vessel-based crews are seamen under maritime law creates a different employment relationship when compared to employees designated as longshoremen or land-based employees.    For example, under maritime law, seamen are entitled to maintenance and cure in the event that they sustain an injury while in the service of the vessel.

©Mihai Andritoiu / Adobe Stock

NYC Jobs Plan Aims to Bolster Freight Network

New York City Mayor Bill de Blasio today unveiled a series of initiatives aiming to spur 100,000 high-paying jobs over the coming decade across a number of sectors, including the City's maritime and intermodal freight and logistics industries.   As part of the New York Works plan, the city will implement a multipronged strategy called Freight NYC that seeks to create 4,000 freight network industrial jobs by building more shipping and distribution infrastructure to connect NYC to the nation’s Marine Highway.   According to the City, the median wage in the water transportation sector

Left to right: Councillor George Davies, Deputy Leader, Wirral Council; Mersey Maritime Chief Executive Officer Chris Shirling-Rooke and  Martin White, Chief Executive, Stream Marine Training (Photo: Mersey Maritime)

Funding Secured for New UK Offshore Training Site

Trade representative body Mersey Maritime has praised the power of partnership as an agreement was signed at its Birkenhead headquarters June 14 to develop a brand new maritime and offshore training facility in the UK’s North West Investment for the new training facility was officially agreed this week, following months of discussions in which Mersey Maritime played a vital role. The cluster organization for the maritime sector in the North West has been instrumental in initiating discussions and lining up potential partners from across the region’s public and private sectors to

Photo: Dan-Bunkering

Dan-Bunkering Appoints Jensen as Managing Director

Dan-Bunkering (America) Inc. has announced the promotion of Jim Jensen to the position of managing director as of July 1, 2017.   Jensen initially started with Dan-Bunkering as a bunker trader at its Copenhagen office in 2008 and relocated to Houston in 2012 at the same time as the opening of the group’s first American set-up, where he advanced to commercial director. Prior to joining the Dan-Bunkering Group, Jensen was employed by a large oil company in Denmark.  

Mark Charman (Photo: Faststream)

Report: Job Security an Issue for Maritime Execs

Maritime recruiter Faststream has surveyed more than 3,000 of the industry’s senior executives for a report examining maritime executives’ thoughts about their careers.   “Business leaders and executives have the most dynamic view of the marketplace, but they are rarely asked about their own careers and what they think about working in the maritime sector,” said Faststream CEO, Mark Charman. “This report looks at the views of the employers and not the employees and is the first of its kind which gets beneath the surface to discover what maritime leaders really think.

Australia Bans Bulker for Underpaying Crew

 A Panama flagged bulk carrier, DL Carnation, has been banned from entering Australian ports for a period of 12 months after authorities uncovered a scheme which saw the vessel’s crew being intentionally underpaid.   The Australian Maritime Safety Authority (AMSA) said it received a complaint on Friday, September 8 via the International Transport Workers’ Federation alleging discrepancies in the payment of wages for the crew of the DL Carnation. An AMSA surveyor attended the vessel in Gladstone and found that the ship was operating with two sets of wage accounts on board: one

Giaever to Take Over as CFO at NAT, NAO

 Bjorn Giaever will take up his position as the new chief financial officer (CFO) at Nordic American Tankers Limited (NAT) and Nordic American Offshore Ltd. (NAO) from October 16, 2017.   Giaever joins NAT/NAO from maritime focused investment bank Fearnley Securities AS, where he served as a director and partner in the Corporate Finance division. Giaever has served as a corporate advisor in the John Fredriksen group in London, top rated Senior Shipping Analyst in DNB Markets and partner in Inge Steensland AS, specializing in gas related maritime matters.    Outgoing NAT/NAO CFO

Lars Ljungström (Photo: Volvo Penta)

Volvo Penta Names Ljungström VP of Finance, CFO

 Lars Ljungström has been appointed to vice president of finance and chief financial officer (CFO) for Volvo Penta of the Americas, effective July 2017.    Ljungström will provide strategic leadership over finance, planning, budgeting and reporting for North, South and Central America and the Caribbean. He will also oversee coordination of IT systems and services, as well as legal and sales operations.    Prior to this appointment, Ljungström was CFO at GKN Aerospace Engine Systems, where he was responsible for finance and IT, internal control compliance

Brad Halverson (Photo: Caterpillar)

Caterpillar CFO to Retire in 2018

 Caterpillar Inc. will begin its global, external search for a new chief financial officer after it announced that group president and CFO Brad Halverson has elected to retire in early 2018, concluding a career spanning more than three decades with the company.   Halverson will continue working into early 2018 and will help ensure a smooth transition for the new CFO.   Prior to becoming CFO, Halverson served two years as vice president of the Finance Services Division, and before that position, he was the corporate controller.     Halverson joined Caterpillar in 1988 as

David Turnbull (Photo: Seabury Capital)

Turnbull Named Senior Advisor at Seabury Capital

, President & CEO John E. Luth commented, “The addition of an experienced and well-respected industry expert such as David Turnbull will advance Seabury Capital’s efforts in serving our clients’ needs. His insights and significant reference points within the aviation, aerospace and maritime industries, especially in the Asia Pacific region, will broaden and strengthen our broad range of services and provide enhanced value to our clients.”     Turnbull joined the Pacific Basin Board as an Independent Non-Executive Director (INED) in 2006 and was appointed Chairman

Photo: RGU

EIC, Robert Gordon University Announce Award

The Energy Industries Council (EIC) has partneredwith Robert Gordon University’s (RGU) MBA program at Aberdeen Business School to present the EIC Rising Star MBA Award, a brand new initiative designed to develop leaders of tomorrow in the oil and gas sector. The winner of the award will receive full tuition fees (worth £16,500  ($21,000)) for the MBA Oil and Gas Management course at RGU, starting in January 2018. Second prize is a £5,000 ($6,500) scholarship towards tuition fees, third prize is a £2,500 ($3,200) scholarship, and all applicants that meet the entry

Gunvor Hires BP's Former Top US Trader

Gunvor has hired a senior veteran oil trader, David Garza, previously with BP and most recently U.S. oil refiner Tesoro, to run its U.S. operations as the Swiss trading house further expands in North American energy markets. Gunvor began building its U.S trading operations last year, expanding outside its core markets in Europe, Asia and Africa. The company initially focusing on refined products and natural gas but this year has hired several traders to launch a crude oil desk in Houston, Texas, and beefed up its Canadian trading desk. Garza will start in September as the new managing director

Mikkel Søholm Vestergaard (Photo: Dan Bunkering)

New Sales Manager with Dan-Bunkering in Middelfart

A/S Dan-Bunkering Ltd. has announced that Mikkel Søholm Vestergaard took up the position as Sales Manager in the head office in Middelfart after having been relocated to Houston for a period of two years as the Managing Director of the offices in North America.   Mikkel was initially employed as Bunker Trader in the office in Middelfart back in 2002, and has until the timing of his return to Denmark a few months ago not only acquired thorough knowledge within bunker trading and shipping but also within management, HR, and staff development both in Denmark as well as abroad.    

Brenda Lim (Photo: KPI Bridge Oil)

KPI Bridge Oil Hires Lim

KPI Bridge Oil, a global trader and broker in marine fuels and lubricants, physical supply and specialist in marine risk management products, has announced the appointment of bunker and lubricant trader Brenda Lim at its Singapore office. Lim has more than six years’ experience in the industry, working as a dry bulk broker, in operations at a well-known shipping company and as a Bunker Trader for the past three years. She holds a Bachelor’s degree from The Singapore Institute of Management in Accounting and Finance.       

Guyson Kang (Photo: Glander International Bunkering)

Glander International Bunkering Relocate Kand to Dubai

Glander International Bunkering has announced the relocation of one of its leading Bunker and Lubricant Traders, Guyson Kang. After joining the Singapore office more than a year ago, Guyson has proven himself to be extremely adaptable and has brought an unfaltering determination to the office every day; a truly energic team player.   The Dubai office welcomes Guyson and looks forward to the “regional expertise he will bring on board. While our office is bursting with niche skills and specialisations, it is together that our knowledge transfers across the globe, leaving no port untouched&rd

Glander International Bunkering Announces Promotions

Marine fuel and lubricant trading firm Glander International Bunkering has internally promoted Bunker & Lubricant Traders in its Dubai office.   In the Middle East and Indian subcontinent market, Abdur Rahman, who joined the Dubai office in 2013, has been promoted to Senior Bunker and Lubricant Trader.   Laura Toplar joined the Glander International Bunkering group in 2014 as Bunker and Lubricant Trader in Turkey, Russia, Ukraine and the Black and Mediterranean Sea, and has now been promoted to Senior Bunker and Lubricant Trader.     Elza Adamyan has also been

Radhik Pillai (Photo: Dan-Bunkering)

Pillai Joins Dan-Bunkering

Dan-Bunkering (Middle East) DMCC has announced that Radhik Pillai started as Bunker Trader in the company’s office in Dubai on June 1, 2017.   Pillai was born in India but raised in UAE where he has also pursued his MBA from Manipal University. In addition,Pillai  has special knowledge of the container segment after having worked with this prior to joining Dan-Bunkering.  

Nicolai Rosendahl Mortensen (Photo: Glander International)

Mortensen Joins Glander International Bunkering

, as Bunker and Lubricant Trader in its Dubai office. Mortensen was born and raised in Esbjerg, South West Denmark and is not new to the industry, bringing with him over three years of bunkering experience. Prior to working for Glander International Bunkering, he has worked varying roles within the maritime industry, thus he is well established within the industry and possesses a global understanding of the market.   Mortensen speaks English fluently and carried out his educational training in Denmark before relocating to the UAE. He is primarily dedicated to the West African market; however

Rob McAdams (Photo: XL Catlin)

XL Catlin Names McAdams Chief Underwriting Officer, Global Marine

XL Catlin has announced the promotion of Rob McAdams to the position of Chief Underwriting Officer for Global Marine with immediate effect. Previously, McAdams held the role of UK/ Ireland Marine Leader. McAdams has 20 years’ experience in the insurance industry. Prior to joining legacy XL he held positions at Reliance National in New York. He is an Associate of the Chartered Insurance Institute, and a Chartered Property & Casualty Underwriter.  

© bomboman / Adobe Stock

A Flexible Workforce is Crucial Offshore

range of companies both large and small. The flexibility to scale a workforce up and down to meet demand not only delivers a competitive advantage to our clients but has actually formed an essential part of their strategy as the industry seeks to better manage costs.    Is it now time for maritime companies to consider how they can utilize a more flexible workforce? By engaging with a crewing agency such as WRS, our clients are outsourcing their logistics, mobility and even entire HR function to allow them to operate using a workforce that can adapt easily to vessel utilization requirements

Mariner Sentinel (Photo: Sentinel Marine)

Sentinel Takes Delivery of New Rescue Vessel

Aberdeen-headquartered Sentinel Marine said it has taken delivery of a new emergency response and rescue vessel (ERRV) which will see 24 new jobs being created within its North Sea operation.   Sentinel Marine, which owns and operates offshore support vessels for the oil and gas industry, has secured a contract for the Mariner Sentinel with a major producer for its North Sea oil field. Following construction in China, the vessel is en route to Aberdeen and is expected to commence operating in July 2017.   Mariner Sentinel is the latest of six new build for Sentinel Marine since 2015.

Image:  UK Chamber of Shipping

UK Chamber of Shipping Lobbies for SMarT Plus

 The UK Chamber of Shipping has contacted over 800 parliamentary candidates from around the country, asking them to back its campaign for enhanced support for maritime training.   The proposal, called SMarT Plus, would see a doubling in government support to GBP 30 million a year. In return, many leading shipowners will increase the number of seafarers they train and guarantee them their first job.   The benefits of this would be significant: British seafarers are among the most productive workers in the UK economy, contributing GBP 17,500 per year more to UK GDP than the average

Dorothy Shepherd (Photo: Bibby Offshore)

Shepherd Joins Bibby Offshore's Renewables Team

Bibby Offshore, a subsea services provider to the oil and gas industry, has appointed Dorothy Shepherd as general manager, renewables.   Shepherd joins Bibby Offshore with more than 15 years’ experience in the energy industry. Having spent a significant time at The Crown Estate - a key player in supporting the delivery of energy supply for the U.K. - Shepherd brings with her a wealth of offshore renewables knowledge, including the delivery of new developments and supporting infrastructure.   In her new role, Shepherd will be instrumental in the delivery of new business in the

Fred Harris (File photo: General Dynamics)

Harris Joins J.F. Lehman Operating Executive Board

experience in the firm’s target industries. Through key relationships and sector-specific knowledge, OEB members contribute to sourcing and evaluating transactions, advising on portfolio company strategy and recruiting senior level portfolio company management. A recognized leader in the maritime industry, Harris brings over 50 years of experience in ship operation, naval engineering, shipbuilding and ship repair to the OEB and the firm. Harris began his maritime career at Maine Maritime Academy, where he graduated with a degree in marine engineering and was commissioned in the U.S. Navy

Photo: North River Boats

North River Boats Charts its Future as Newly Formed ESOP

North River Boats, one of the largest private employers in Roseburg, Ore., has new partners – more than one hundred of them. CEO Brent Hutchings informed his entire company of a newly formed employee stock ownership plan (ESOP) that will help him transfer over time a third of his ownership to eligible employees – the vast majority of his team of 131. The structure, Hutchings says, helps share the privately held company’s success with the people who deserve it most, reflecting the true spirit of North River Boats.   “My wife, Chrys, and I want to share the wealth with the

Søren Mikkelsen (Photo: Dan-Bunkering)

Dan-Bunkering Relocates Bunker Trader Mikkelsen

Dan-Bunkering (America) Inc. has announced that as per May 1, 2017 Søren Mikkelsen was employed as Bunker Trader in Dan-Bunkering’s office in Stamford, Conn.   Until May 1, 2017, Søren was employed as Bunker Trader in the company’s head office in Middelfart, Denmark, where he started back in 2012. Furthermore, prior to his employment with Dan-Bunkering he was working for a Danish shipping company, thus he is in possession of thorough knowledge of both the shipping as well as the bunker business and can contribute with experience from different sides of the industry.

Seafarer Salary Benchmarking Launched

A new global benchmarking service giving employers of crew reliable and easily-comparable pay data for all officers and ratings has been launched.   The product comes from the HR Consulting division of maritime HR and Recruitment specialists Spinnaker Global Ltd, which already carries out benchmarking of shore-based maritime jobs for the 100-member Maritime HR Association. This new benchmarking service focuses on seafarer pay by nationality, rank and vessel type and the cost of various endorsements and specialisms.   Launched in response to client demand, 62 shipowners and shipmanagers

Jacqueline Brown (Photo: TNPA)

New Port Managers for TNPA

outside of TNPA.”   The Port of Cape Town has its first female Port Manager in the form of Mpumi Dweba, who most recently served as Port Manager at the Port of Ngqura. Dweba has earned numerous accolades and boasts solid experience in port operations, supply chain logistics and the maritime industry. She was instrumental in delivering on TNPA’s strategy to operationalize the Port of Ngqura and position it as a major container transshipment hub linking ports in the East, West and Southern Africa with their trading partners. Dweba succeeds Sipho Nzuza, who is due to leave TNPA

In August 2015 General Dynamics NASSCO launched Perla del Caribe, the second ship in a series of natural gas powered containerships for TOTE (Photo: General Dynamics NASSCO)

US Shipyards: Building for America, Jobs for Americans

my office signed by shipbuilder William Webb illustrates the point. Mr. Webb inherited his father’s shipyard in 1840 and built over 130 of the fastest clipper sailing vessels; he later built the largest and most celebrated steamships of his era.    Those were glory years for the U.S. maritime industry, an era when the shipping industry was synonymous with American sovereignty. While it is no longer the nation’s most profitable export manufacturing industry, U.S. shipbuilding and ship repair continues to be a major economic engine, as critical to our national security and commerce

Eleni Antoniadou on ILO’s ‘blue carpet’ with dates going back to the establishment of the organization (Photo: ILO)

Discussion: Seafarers' Wages During Piracy

The International Marine Contractors Association (IMCA) actively participated, on behalf of the Maritime Employers’ Group, in the International Labor Organization (ILO) working group of the Special Tripartite Committee (STC), established under the Maritime Labor Convention – the international treaty covering minimum working and living standards for seafarers. The working group’s meeting took place in Geneva, Switzerland, from April 3-5, 2017. It brought together more than 150 representatives from governments, employers’ organizations and seafarers’ associations

James Enston (Photo: KPI Bridge Oil)

KPI Bridge Oil London Ventures Into City of London

KPI Bridge Oil, a global trader and broker in marine fuels, marine lubricants and risk management products, has announced its move to a new location in the City of London. The KPI Bridge Oil Group has strong maritime roots and has been a major stakeholder in the bunker industry for over 45 years. The Group has 9 offices covering all major time zones. The London office serves as the head office for the KPI Bridge Oil Group, home to most of the Group level staff as well as having the largest number of traders. KPI Bridge Oil London has been based in Westminster for the past 9 years and has moved to

Jim Hagemann Snabe (Photo: A.P. Moller-Maersk)

A.P. Moller-Maersk Elects New Chairman to Steer Digital Transformation

A.P. Moller-Maersk's new chairman committed to automating its systems as the oil and shipping group steps up its drive to become more efficient and save costs at a time of low oil prices and declining freight rates. The more than 100-year-old conglomerate's digital push will mean that in theory, it should be as easy to book a container as booking an airline ticket, Chairman Jim Hagemann Snabe told Reuters shortly after he was elected. "We transport goods in the physical world and that won't change as we won't start beaming things around the world," the former co-CEO of German software

Oscar Obregon (Photo: Dan-Bunkering)

Dan-Bunkering Promotes Obregon

Dan-Bunkering (America) Inc. has announced the relocation as per March 1, 2017 of Oscar Obregon from Dan-Bunkering in Copenhagen where he was initially employed as Bunker Trader back in 2012. In connection with his relocation to Houston, TX,Obregon has moreover been promoted to Development Manager, Mexico & Central America. Oscar is originally of Mexican extraction making it an obvious choice to have Obregon focusing on maintaining and creating new business opportunities within this region.   The relocation is an example of the Dan-Bunkering Group’s internal mobility program

Mike Macleod  (Photo: OEM Group)

Macleod Joins OEM Group as Financial Director

OEM Group said it has named Mike Macleod as its new finance director as part of the company’s growth strategy which aims to see its turnover increase by 25 percent to £3 million in the next 12 months.   With more than six years’ experience working at director level, Macleod has joined the Aberdeen-headquartered marine and oil and gas services firm following 10 years at the oilfield services company Uniconn Group. Macleod has an Honors Degree in Law and Management from the Robert Gordon University.   In addition to Macleod’s appointment, OEM Group has also added

Valsinni Barge (Photo: GP)

Gulf Petrochem Bolsters its European Bunkering Division

Gulf Petrochem Group (GP) has strengthened its bunker trading team in Europe with the appointment of Maxime Cramer to the group’s Rotterdam office . He joins a team of bunkering traders headed up by Chris Todd in Europe’s largest bunkering port, Rotterdam. Cramer  has in-depth knowledge and vast experience on both the customer and supply side of the business, having previously held trading positions with OW Bunker and Minerva Bunkers. The appointment of Cramer  will further bolster GP’s global bunkering division which is currently headed up by Chris Todd, West of

Germany's Solarworld Cuts Jobs, Production as Loss Widens

Solarworld said on Friday it would cut 12 percent of its workforce after reporting a bigger operating loss for last year. The company, hit by price pressures across the solar industry, said it would phase out production of some components at its factories to reduce overlap, which would result in about 400 job cuts by 2019. "These measures will decrease costs and increase efficiency significantly," Chief Executive Officer Frank Asbeck said in a statement. "Our aim is to come out of the difficult phase for the solar market stronger than before and to raise module shipments to about

Justin Murphy (Photo: IBIA)

Murphy Takes Up Role as Chief Executive of IBIA

The International Bunker Industry Association (IBIA) has introduced its new Chief Executive, Justin Murphy, who akes up his new position from February 13, 2017. From 2013 to 2015, Murphy was CEO of Brightoil Shipping, Singapore and Executive Director at HKSE listed Brightoil Petroleum (Holdings) Ltd, an Energy conglomerate with bunkering and ship owning divisions. Prior to that, Murphy held director and board positions at several firms involved in shipping, including Teekay, AET, and a stint as head of shipping at Macquarie Bank. His most recent role was as CEO at Acuity Shipping Limited in

© Rumo / Adobe Stock

US Energy Jobs Rise as Higher Prices Boost Oil Drilling

U.S. oil and natural gas producers added jobs in December and January as drillers continued to return to the well pad with crude prices holding near 18 month highs, according to U.S. jobs data on Friday. Oil and gas extraction jobs increased by 100 to 177,400 in January, while support services jobs increased by 600 to 195,200 in December, its second increase in a row, according to U.S. Bureau of Labor Statistics (BLS) data. The energy data was contained in a Labor Department report that also said U.S. nonfarm payrolls increased by 227,000 jobs last month, the largest gain in four months, while

Richard Gruenhagen (Photo: MV WERFTEN)

Gruenhagen Named CFO at MV WERFTEN

Shipbuilding group MV WERFTEN said it has appointed Richard Gruenhagen as Managing Director of Finance and Administration to reinforce the group's Management Board as new CFO effective February 1.   Gruenhagen graduated from Indiana University, is a Certified Public Accountant (USA), has many years of experience as Executive Financial Management Professional, broad business experience as CFO, Director of Finance, Chief Accountant and as Head FP&A & Controlling in large global companies and startups, incl. ABB and GE. Most recently, Gruenhagen worked as CFO at DHL Logistics in Switzerland.

J.F. Lehman & Company Appoints Hanenberg to Principal

J.F. Lehman & Company, a leading middle-market private equity firm focused on the defense, aerospace and maritime sectors, is pleased to announce the promotion of William J. Hanenberg from Vice President to Principal. Hanenberg joined the firm in 2008 as an Associate and has been promoted four times.  Prior to joining J.F. Lehman, he was an investment banking analyst in the Global Industrials Group at Banc of America Securities where he worked extensively in the Aerospace & Defense end-markets. Mr. Hanenberg earned a B.S. in economics from Duke University and an M.B.A. from Columbia

© zhengzaishanchu / Adobe Stock

US Energy Jobs on the Rise

U.S. oil and natural gas producers added jobs in November, the sector's first monthly employment increase in more than two years as drillers returned to the well pad due to a rally in crude prices, according to U.S. jobs data on Friday.   Combined oil and gas extraction and support services jobs increased by 3,300 to 384,300 in November, the first increase since September 2014 when employment in the sector peaked at 536,100, according U.S. Bureau of Labor Statistics (BLS) data.   "Probably around August to September last year we started to see an increase in the amount of need out

Ian Springett (Photo: Tullow)

Tullow CFO Takes Leave of Absence

Tullow Oil plc Chief Financial Officer Ian Springett will take an extended leave of absence from the company in order to undergo treatment for a medical condition.   Les Wood, Vice President Finance and Commercial, has been appointed Interim CFO.

Oil Rises on Expected U.S. Inventory Decline

 Weekly U.S. crude stocks seen down 1.7 mln barrels; Kuwait Petroleum committed to output cut.   * OPEC deal compliance meeting set for Jan. 21-22 in Vienna   * Saudi expected to lift Asian crude export prices - traders (Adds details on OPEC compliance meeting, updates prices)   By Karolin Schaps   LONDON, Jan 4 (Reuters) - Oil prices ticked higher on Wednesday on expectations that U.S. crude inventories are falling and signs that oil producers will stick to agreed output cuts that took effect this week.   Global benchmark Brent crude futures were up 10 cents at

The new Araho. (Photo: Eastern Shipbuilding)

Modernization of The U.S. Fishing Fleet

Coming in the January 2017 edition of Maritime Reporter & Engineering News is an insightful report on the modernization of the U.S. Fishing Fleet, with a focus on the ubiquitous Pacific Northwest. Modernization of the North Pacific Fishing Fleet, a study by The McDowell Group for the Port of Seattle, has made the rounds and given weight to the idea that a major fleet upgrade really is underway. With average 2014 gross revenues having run between $2 million for Bering Sea/Aleutian Island trawl vessels to $16 million for some catcher-processors, there’s a feeling that owners can afford new

Credit Suisse Names Perry Global Co-Head of O&G

Credit Suisse on Friday named Tim Perry global co-head of oil and gas investment banking, effective January. Perry - who is being promoted from his current job as regional oil and gas co-head for the Americas - will work together with Osmar Abib, who has led the oil and gas group since 2011, Credit Suisse said in a statement. (Reporting by Brenna Hughes Neghaiwi)

John McDonald (Photo: OPITO)

O&G Seeks Clarity on New Skills Tax

The oil and gas industry, led by its skill organization OPITO, is calling for immediate clarity on how the money from the new tax, raised through the Apprenticeship Levy, will be redistributed.   OPITO is concerned that no decision has been made by the Scottish government on this, despite the UK government confirming the amount the Scottish government will receive and clarifying how the money will be spent in England.    John McDonald, UK managing director of OPITO, said, “The apprenticeship levy will be introduced on April 1, 2017. This is essentially a new skills tax to be

Hunter Maritime Acquisition Launches IPO

Hunter Maritime Acquisition Corp. announced the commencement of its initial public offering of 15,000,000 units at a price of $10.00 per unit. Each unit consists of one Class A common share of the company and one-half of one warrant, each whole warrant entitling the holder thereof to purchase one Class A common share of the company. The company will grant the underwriters a 45-day option to purchase up to 2,250,000 additional units. The units are expected to be listed on the NASDAQ Capital Market (“NASDAQ”) and trade under the ticker symbol “HUNTU”. Once the securities composing

Frederik Moser (Photo: Dan-Bunkering)

Moser Appointed Bunker Trader with Dan-Bunkering

A/S Dan-Bunkering Ltd. has announced the employment of Bunker Trader Frederik Moser as per September 12, 2016 at the head office in Middelfart, Denmark. Before joining Dan-Bunkering, Moser studied i.a. economics and has also gained knowledge from the bunker industry. After the recruitment of Frederik, the sales department in Middelfart consists of 14 Bunker Traders.

Glander International Bunkering Expands Trading Floor

Glander International Bunkering have hired Kasper Nygaard as Senior Bunker & Lubricant Trader and Team Leader in the Dubai office.   Nygaard brings with him over eight years of bunkering experience, having worked for a shipping company in Denmark. He speaks Danish, English and German, all of which have greatly facilitated his international client reach and global market understanding. His areas of expertise lie within West Africa and Russia, however his extensive industry experience have built an excellent foundation for accessing markets and regions worldwide. Kasper has held team leadership

(File photo: Jill Friedman)

Singapore Considering Financial Aid to Marine Sector

government is taking a serious look at how it might help those sectors of the industry struggling to stay afloat.” said Claes Eek Thorstensen, President of the Thome Group, who welcomed the recent announcement. “It is important that Singapore maintains its central position in the Asian maritime hub so any measures which the government might be able to offer would be welcomed including any support which preserves the diversity of industries, including research and development, in this maritime cluster.” The minister also announced S$107 million ($77 million) to help develop a new

Caterpillar CEO to Retire, Successor a Company Veteran

Caterpillar Inc insider Jim Umpleby will become chief executive of the heavy equipment maker on Jan. 1, faced with the challenge of reversing a multiyear sales decline triggered by the global commodities slump.   He replaces Doug Oberhelman, who will retire as CEO on Dec. 31 but stay on as executive board chairman until March 31, the company said on Monday.   Caterpillar shares were down about 0.58 percent to $87.20.   Under Oberhelman the company recorded record high revenue in 2012, two years after he became CEO. However, a decline in metals and oil prices hit the company hard

CEVA Logistics Appoints Waller as CFO

CEVA Logistics, supply chain management companies, has announced the appointment of Peter Waller as Chief Finance Officer and member of the Executive Board with immediate effect.   Waller brings experience in the travel, logistics, business services and internet/e-commerce industries. He has previously been Group CFO at Eurofins Scientific and spent over eight years with the Thomas Cook Group in London and Frankfurt where he held roles including CFO of its online division, as Investor Relations Director and as Group Financial Controller for its German airline subsidiary Condor. He has

Manos Gryllakis (Photo: Glander Interational Bundering)

Glander Training Academy Promotes Former Interns

Nearly three years after the launch of Glander International Bunkering’s Training Academy, the firm has announced the promotion of two more successful interns; Kevin Lundgaard and Manos Gryllakis.   Both interns were initiated into the program in November 2015 and after superseding the internship’s expectations, they have been working as qualified Bunker & Lubricant Traders.   Taking part in Glander International Bunkering’s internship is a demanding task, but one that paves the way for a promising career as a commercial trader. The program is structured in a way

Royal IHC Names Vergunst CFO

Royal IHC has appointed Arie Vergunst as Chief Financial Officer as of October 1, 2016. Vergunst succeeds Dave Vander Heyde, who became CEO on September 1, 2016.   Vergunst has worked at IHC since June 2007 in several financial positions, both at holding level as well as in the business.

Petrobras CEO: Wage Hikes of Last Decade are Impossible Today

Brazil's state-led oil company Petrobras is unable to give its workers the kind of pay raises that increased company salaries by about 50 percent in real, inflation-adjusted terms over the past decade, Chief Executive Pedro Parente said on Friday.   Petroleo Brasileiro SA, as Petrobras is formally known, is in annual pay talks with its unions, but Parente said that at least some of the employees understand the need for the financially troubled, heavily indebted company to limit pay increases. (Reporting by Jeb Blount; Editing by Chizu Nomiyama)

Photo: Statoil

Norway Labor Union in Small Expansion of Oil Industry Strike

Norwegian trade union Industri Energi will expand the ongoing strike among Norwegian oil service workers by 23 people, on top of the 335 that went on strike on Sept. 21, a union spokesman told Reuters on Friday.   The strike affects operations of subcontractors to the oil industry, and could have consequences for the output of oil and gas in case of a protracted strike, the union and employers have both said.   "The strike has already halted a large number of drilling operations," said an official at the Industri Energi trade union, Ommund Stokka. It was not affecting oil and

IBIA: Bunker Market Opportunities in Africa

has reached around 60-70,000 tonnes per month. The location is close to shipping lanes with minimal deviation and Aegean’s service is attracting new business to the area rather than competing with existing suppliers, and bringing in new demand for auxiliary services. The South African Maritime Safety Administration which manages the permits and licences to provide offshore bunker services has received many applications although it was intimated that few would succeed. Plans for a new cruise terminal at Cape Town and significant expansion of the port’s container handling capacity

Photo: Shell

Wood Group Workers Accept Pay Offer, Preventing North Sea Strikes

Wood Group workers employed on Shell's North Sea oil platforms have accepted a new pay deal, ending a months-long dispute that saw some workers down tools in July and August.   Labour union Unite, whose members voted 105-82 in favour of the deal, said proposed wage cuts were now less than first announced and that ad-hoc workers had gained greater work security and better options to gain permanent employment.   "Our negotiations with Wood Group allowed us to reduce the levels of cuts being proposed to our members' wages and terms and conditions," said Unite regional officer John

Maritime Administrator Paul “Chip” Jaenichen (Photo: MARAD)

MarAd Stresses Economic Impact of Shipyard Jobs in NE

In comments before the international Tradewinds Ship Owners Forum in New York City, Maritime Administrator Paul “Chip” Jaenichen highlighted the more than 42,700 jobs, $3.6 billion in labor income and $4.78 billion in GDP associated with employment for shipbuilding and repair in the northeast region. “American shipyards provide a dependable, highly trained workforce that produce, repair and maintain some of the world’s most modern and innovative vessels. Their efforts ensure our nation’s shipyards remain an enormous economic engine that pumps life and jobs into entire

Stephen Daintith Photo courtesy DMGT

Daintith Named CFO, Rolls-Royce

Rolls-Royce announced that Stephen Daintith has been appointed Chief Financial Officer and as an executive director of Rolls-Royce Holdings plc. Stephen will take up his new role in 2017, succeeding David Smith who will leave Rolls-Royce after three years to pursue other business interests. David will remain in post into the New Year to ensure an effective transition.*   Stephen Daintith is currently Chief Financial Officer of Daily Mail & General Trust plc. Previously he was employed by News International as Chief Financial Officer and Chief Operations Officer of Dow Jones & Co. His

Aker Solutions Shuffles Leadership Team

Aker Solutions is introducing a new executive management structure effective November 1, 2016, with the aim to drive further standardization and boost companywide cost-efficiency by at least 30 percent by the end of 2017. The new organization will have five delivery centers: customer management, front end, products, projects and services.    As part of the plan, Dean Watson has been named chief operating officer. Watson joins from Schlumberger, where he has held various leadership positions, and will report to Chief Executive Officer Luis Araujo.   The other executive management

Colombia's Largest Oil Union to Vote on Possible Strike

Members of Colombia's largest oil workers union will vote on whether to strike in protest of privatizations at state-run oil company Ecopetrol, the union's president said on Tuesday.   Most of the 21,000 members of the Workers Union for the Petroleum Industry (USO) work at Ecopetrol, which has sold several major non-oil related assets in an effort to refocus its operations after the slump in crude prices.   Ecopetrol's net profit tumbled nearly 48 percent in the second quarter, the company said last month, because of a fall in sales and output.   Privatizations, the sale of

Rune Andreasen (Photo: Dan-Bunkering)

Dan-Bunkering Names Sales Manager, Group Offshore Manager

A/S Dan-Bunkering Ltd. has announced that Nicolai Troen was employed as Sales Manager as per August 1, 2016 in the office in Copenhagen.   Troen commenced his career with Dan-Bunkering in the head office in Middelfart, Denmark, where he started as a trainee in 1998. In 2007, he was appointed Senior Bunker Trader and after that Team Leader, before starting as Sales Manager for the sales department in Middelfart in 2012 – a position he has been managing up until his recent employment in Copenhagen.   Furthermore, A/S Dan-Bunkering Ltd. has announced that Rune

General Dynamics NASSCO christened and launched tanker Constitution on Saturday, August 27, 2016 (Photo: General Dynamics NASSCO)

California: A Strong Shipbuilding State

Fifth in the nation for direct employment, California shipbuilding and repair industry supports nearly 35,000 jobs; Maritime Administrator highlights economic importance of shipyard industry for California while on tour at NASSCO  Shipbuilders Council of America (SCA) member General Dynamics NASSCO hosted U.S. Maritime Administrator Paul “Chip” Jaenichen for a tour of the San Diego shipyard, where SEACOR Constitution – a 610-foot tank ship launched this weekend. While on the tour, Administrator Jaenichen shared data from a report by the U.S. Maritime Administration (MARAD)

Photo courtesy of SUNY Maritime

SUNY Maritime Among 'Best Bang for the Buck' Colleges

SUNY Maritime College has been named one of the best colleges for its price by Washington Monthly.   SUNY Maritime placed in the top 30 schools in the Northeast. It was the top State University of New York institution on the list. It is also the highest on the list SUNY Maritime has ever been.   The 2016 rankings are based on the data contained in the federal government’s College Scorecard, including earnings 10 years after graduations, loan repayment rates and the number of first-generation students.   In the past, the college has also been listed among the top schools in

Williams Adds 3 New Directors as it Seeks to Fend Off Board Takeover

Pipeline company Williams Cos Inc added three new directors to its board on Monday as it works to fend off an attempt by activist investor Keith Meister to replace all of the company's directors.   Williams said on Monday it appointed Pioneer Natural Resources Co CEO Scott Sheffield, PPL Corp CEO William Spence and former American Midstream Partners CEO Stephen Bergstrom as directors, effective immediately, increasing the size of its board to 10 directors.   Meister, who runs hedge fund Corvex Management LP, nominated a slate of 10 directors last week, after assailing the quality of

Hardin Bethea (Photo: Blackhill Partners)

Bethea Appointed Director at Blackhill Partners

Bethea for nearly a decade and in 2014 closed a $500 million dry bulk financing with Hardin serving in the lead role,” said Jeff Jones, Managing Director of Blackhill Partners. “We have long considered him to be a partner, and to have Hardin now officially with Blackhill leading our new Maritime Industry Group will benefit the shipping industry, Hardin and Blackhill.”   With more than 18 years of experience in investment banking, investment management and corporate finance, Bethea has extensive experience in the maritime and seaborne trade industry. He has invested in and advised

Photo: United Arab Shipping Co

UASC, Hapag-Lloyd Merger: No Layoffs?

 Will there be a layoffs after United Arab Shipping Co (UASC) merging with the German container shipper Hapag-Lloyd?   Middle Eastern enterprise UASC expects most of the tie-up’s $400 million cost savings to come from operations rather than layoffs, The National reports quoting UASC chief executive Jorn Hinge.   UASC's initial hypothesis is there will be fewer layoffs than many people would normally expect in a merger, he said.   The largest portion of this amount comes from deploying the optimal size ship for each of the trades where the combined company will operate

Promotions at J.F. Lehman

J.F. Lehman & Company, a middle-market private equity firm focused on the aerospace, defense and maritime sectors, has promoted Glenn M. Shor to Managing Director effective July 1, 2016.  he firm also recently promoted David F. Thomas to Vice President and R. Benjamin “Ben” Hatcher to Senior Associate. Shor joined the firm in 2010 as a Senior Associate and was promoted to Vice President in 2011 and Principal in 2014. Previously, Shor was a private equity investment professional with both D.E. Shaw & Co. and Providence Equity Partners. He began his finance career as an

DP World Jebel Ali. Photo: DP World

Dubai Shipping Volumes Sink

 Dubai shipping volumes - cargo handled at Dubai's ports, which includes flagship terminal Jebel Ali - fall for third quarter Gulf News reports quoting the latest DP World figures.   DP World's  ports in the United Arab Emirates, all located in Dubai, handled 3.75 million twenty-foot equivalent units (TEUs) in the three months to June 30.    That is 6.2 per cent lower than the 4 million TEUs it reported for the second quarter of 2015 and follows a 5.9 per cent decline in the first quarter of 2016. Cargo volumes at its Dubai ports fell by 2.89 per cent in the fourth quarter

Peeters to Leave Barco; Desender Appointed as New CFO

Barco has announced the departure of its Chief Financial Officer, Carl Peeters, who has decided to pursue a new professional opportunity. Ann Desender, currently Vice President Finance & Control will succeed Carl as CFO for Barco.   This change will become effective as of September 2016.    Ann Desender joined Barco in 2008 and has been leading Barco’s global finance team since 2010. Prior to joining Barco she held management positions as Corporate Director of Finance & Reporting at Unilin and was a Senior Audit Manager at Arthur Andersen and Deloitte. Ann holds a

Photo: Hyundai Merchant Marine

HMM May Hire Foreign CEO for Revival

 Hyundai Merchant Marine (HMM) will start the process to appoint a new chief executive officer (CEO) when Hyundai Group loses control on Aug. 5, reports Korea Times quoting un-named industry sources.   The challenged shipper will begin a new chapter in its 40-year history, breaking free from Hyundai Group and becoming a subsidiary of Korea Development Bank (KDB).    KDB is bent on installing a new leadership at the shipping line and is open to hiring a foreign chief executive. To make a pool of candidates, the creditor reportedly appointed a number of executive search firms.

Photo: Indian Ports Association

Indian Ports Record 6.2% Growth in Cargo Traffic Last Q

 According to the Ministry of Shipping in India, the 12 major ports in the country together handled 159.0 million tonnes of cargo in the first quarter of the current fiscal (April-June 2016-17), against a cargo traffic of 149.74 million tonnes in the similar quarter of the previous fiscal, a year-on-year growth of 6.2 per cent.   The  joint secretary (ports) Pravir Krishn said the growth in cargo traffic showed some buoyancy, growing at 6.2 per cent in April-June FY17 against the 4.5 per cent growth recorded in April-June FY16.   During the first quarter of 2016-17, Mormugao

Photo courtesy of Boskalis

Energy Doldrums Force Boskalis to Cut Fleet, Staff

Dutch offshore engineer Boskalis said it was cutting 650 jobs worldwide and culling 24 vessels in response to what it called drastic changes in the company's outlook caused by low energy and commodity prices.   The job cuts, including 150 Dutch employees, would be made over the next two years from a workforce of about 8,000, the company said on Friday.   The company will take 10 vessels out of service at its dredging division and 14 at its offshore energy division because poor market conditions were likely to persist.   Falls in available work meant utilisation of the 150-strong

Michalis Manassakis  (Photo: KPI Bridge)

KPI Bridge Oil Promotes Manassakis to Managing Director

KPI Bridge Oil, a leading global trader and broker in marine fuels, marine lubricants and risk management products, has announced  the promotion of Michalis Manassakis to Managing Director of KPI Bridge Oil Greece as of July 1, 2016. Manassakis joined KPI Bridge Oil’s London office in 2011 as Bunker Trader and received a promotion to Team Leader in 2014 in recognition of his significant contribution to the development of the team. When Manassakis relocated to Greece in May 2016, he was promoted to Deputy Managing Director and Sales Manager at KPI Bridge Oil’s new office in

Featured Employers

Military Sealift Command

The Military Sealift Command (MSC) is a United States Navy organization that controls most of the re

Bahri Logistics US

Bahri, formerly known as NSCSA, was established in 1978 as a publicly listed company. Its eminent sh

TerraSond

is a leader in geospatial solutions. geophysical services safely effectively and economically. With

Featured Jobs

Assistant Engineer

California Maritime AcademyVALLEJO, CA, USA

Survey Technician

TerraSondCorpus Christi, TX, US

Boat Operator

TerraSondCorpus Christi, TX, US

Chief Radio Electronics Technician

Military Sealift Command

Head of Operations

Bahri Logistics US