Maritime Jobs
Thursday, August 16, 2018

Maritime Finance Job News

CGG Names Baidoukov CFO

CGG has appointed Yuri Baidoukov as Group CFO, effective September 1, 2018. He will be based in Paris and report to the Chief Executive Officer, Sophie Zurquiyah.Baidoukov brings to the role 25 years of international oil and gas industry experience. He is currently Group CFO at OiLSERV Group, a Middle East and North Africa Oilfield Services company. Prior to this, he was CFO of Maersk Oil US, and Group CFO of Integra Group, a CIS oilfield services company. Baidoukov spent 10 years of his career at Schlumberger in finance positions at the corporate and regional levels.Baidoukov holds an MBA degree from

Teekay Offshore Taps Steinsland as CFO

Teekay Offshore GP LLC, the general partner of Teekay Offshore Partners L.P., announced today that Jan Rune Steinsland has been appointed the new Chief Financial Officer (CFO) of Teekay Offshore Group Ltd., a management services company that provides services to the Partnership’s subsidiaries (together with the Partnership, the Teekay Offshore Group) effective September 3, 2018. The Partnership’s interim CFO, Tim Cowan, will step down effective September 3, 2018, but will remain with the Partnership for a period of time to ensure a smooth transition.Steinsland brings approximately 30 years

Schlumberger CFO Ayat to Retire Soon

Schlumberger NV Chief Financial Officer Simon Ayat plans to retire this year and a company insider has emerged as top candidate to replace him at the world's largest oil services firm, three people familiar with the matter told Reuters.Stephane Biguet, currently vice president of finance, is the frontrunner to replace Ayat, according to the people who declined to be named because the matter is not yet public.Schlumberger declined to comment.The CFO change would come as rising oil prices and dwindling producer reserves are helping lift demand for oil services, which were hit hard by the 2014 oil

Thomas Liew (Photo: Kreuz Subsea)

Kreuz Subsea Names Liew CFO

Subsea services business Kreuz Subsea has appointed Thomas Liew as the group’s chief financial officer.Liew has more than 20 years’ experience in senior financial positions, leading multi-entity organizations in the Asia Pacific region and has been instrumental in driving growth and profitability through the implementation of key operating structures. His previous roles include VP Finance at ALSTOM Grid where he was CFO for ALSTOM’s EPC business in the Asia Pacific region. Prior to ALSTOM, Liew also held key finance and strategy positions with SONY Electronics Asia Pacific Pte Ltd

Kristina Kamatoy, MICHA Scholarship Beneficiary 2018 (Photo: Sailors' Society)

Sailors’ Society Select Kamatoy for MIHCA Scholarship

Aspiring chef, Kristina Kamatoy, 18, has been selected as the second beneficiary of a maritime education scholarship co-funded by Sailors’ Society and Garrets International, and given by Homer Foundation.   Kamatoy, from Quezon in The Philippines, received the scholarship to train at the Magsaysay Center for Hospitality and Culinary Arts (MIHCA) in Manila. The Sailors’ Society – Homer Foundation Scholarship enables Filipino students from underprivileged backgrounds to pursue culinary careers in the shipping industry.   Kristina said: “This scholarship will serve

ExxonMobil Hires Crude Trader in Singapore

Crude oil trader Michael Huang is expected to join Exxon Mobil Corp in Singapore soon as the U.S. major expands its trading team to sell its oil into China, the world's top importer of the commodity, three industry sources said.   Huang was recently a Singapore-based crude trader for Chinese independent refiner Wonfull Petrochemical, purchasing feedstock for its Shandong refinery and carrying out hedging activities. He left the company in late June, the sources said on Monday.   Before Wonfull, Huang has worked for China's CEFC International Singapore, the Intercontinental Exchange (ICE)

(Photo: A.P. Moller-Maersk)

Maersk Poaches New CFO from Assa Abloy

Denmark's A.P. Moller-Maersk has chosen Carolina Dybeck Happe as its new Chief Finance Officer, it said on Wednesday.Happe will take the position at a time where Maersk is undergoing a strategic transformation from a broader conglomerate including an oil business to a more focused shipping company.The 45-year Swede, who comes from a CFO position at the world's biggest lock group Assa Abloy, will start on Jan. 1 2019 at the latest, Maersk said in a statement.The move comes after former CFO Jacob Stausholm stepped down in March after the company decided to separate the finance role from its IT

(File photo: Port Corpus Christi)

Corpus Christi Gearing Up to Handle US Shale Export Boom

Port officials on Tuesday are expected to consider $300 million in financing that would prepare the country's largest oil-export port - Corpus Christi, Texas - to handle a surge in U.S. shale production over the next five years.International buyers would like more U.S. crude but are unable to get it because of infrastructure constraints along the U.S. Gulf Coast. Terminals originally designed for imports only recently have revamped operations to handle exports including accepting larger tankers preferred by China and other oil buyers.The Port of Corpus Christi Commission is voting on a plan that

S.Korea: Five Shipbuilding Regions get "Industry Crisis" tag

South Korean Finance Minister Kim Dong-yeon said on Tuesday the government will designate five key shipbuilding centres on the country's south coast as "industry crisis" zones eligible for economic support.   The areas include Dong-gu in the city of Ulsan, Geoje-si of Kyong-nam province and Jinhae-gu of Changwon, as well as Tongyeong and Mokpo in the southwest coast.   These areas are home to heavy shipping and shipbuilding companies and have struggled with high unemployment in recent years.   A copy of the minister's speech released from the ministry showed the government

Teekay Offshore CFO Wong to Step Down

Teekay Offshore Partners L.P. announced today that David Wong will step down from his position as Chief Financial Officer of Teekay Offshore Group Ltd. to commence a new opportunity outside of the Teekay organization.Wong, who joined Teekay Corporation in 2009 and has served as Teekay Offshore CFO since 2015, will continue with the Teekay until August to assist with the transition while a search for his replacement is conducted.

Eric Crooker (Photo: HII)

Crooker Named VP at Ingalls Shipbuilding

Eric Crooker has been promoted to vice president of contracts and pricing for Huntington Ingalls Industries’ (HII) Ingalls Shipbuilding division.Effective immediately, Crooker will have overall responsibility for contracts, estimating and pricing, and export/import licensing and compliance for the Ingalls shipyard and will report to Tom Stiehle, Ingalls’ vice president, business management, and chief financial officer.Crooker succeeds Don Perkins, who will retire from Ingalls on July 1.Crooker joined HII in 2012 and served as a senior counsel at Ingalls. In 2017, he was promoted to director

Beth McCague (Photo: JAXPORT)

JAXPORT Names McCague Interim CFO

Experienced financial executive Beth McCague has been tapped to serve at Interim Chief Financial Officer of the Jacksonville Port Authority (JAXPORT).McCague, who has been serving as an advisor to JAXPORT’s CEO and finance group, will assume responsibility for the port’s budget and accounting, treasury, payroll, procurement, economic forecasting/planning, and external auditing functions effective May 7, 2018. She will also oversee JAXPORT’s $600 million capital program and will be JAXPORT’s primary liaison with bondholders, lenders and credit rating agencies.Prior to joining

Roadmap for Environmentally Friendly Vessel Technologies Image NYK

NYK Green Bonds Issue a Global Shipping First

NYK will publicly offer Green Bonds (Unsecured Corporate Bonds No.40) within the Japanese domestic market in May, becoming the world’s first company to issue labelled Green Bonds in global shipping business sector. A green bond is one in which the proceeds are used solely for the purpose of funding environment-friendly projects. NYK’s new medium-term management plan “Staying Ahead 2022 with Digitalization and Green” positions the company to integrate environmental, social, and governance (ESG) principles into management strategies to contribute to the sustainable development

Courson to Replace Spivak as Seaspan CFO

Ship owner Seaspan Corporation announced that Ryan Courson will take over as the company’s chief financial officer following David Spivak’s decision to leave the post in early May.   Spivak will continue as CFO until May 5 and will stay on as special advisor to the president and chief executive officer through the end of June.   Courson joined Seaspan in March 2018 as senior vice president of corporate development. Prior to joining Seaspan, he spent three years at Falcon Edge Capital, and before that worked at Teton Capital as an investment professional and acting CFO of

Jens F. Grüner-Hegge is the new CFO at Stolt-Nielsen (Photo: Stolt-Nielsen)

Stolt-Nielsen Names Grüner-Hegge CFO

Stolt-Nielsen Limited announced Jens F. Grüner-Hegge has been appointed as its new Chief Financial Officer, effective from April 2, 2018.   Grüner-Hegge, who has served as Vice President, Corporate Finance since 2007, succeeds longtime CFO Jan Chr. Engelhardtsen, who will retire from his executive role and has been appointed to fill a vacancy on the company’s board of directors.   With the addition of Engelhardtsen as a director, the SNL Board now has seven members, four of which are independent.   Earlier in his 25-year career at Stolt-Nielsen, Grüner-Hegge

© donvictori0 / Adobe Stock

Norway Calls in Mediator to Avert Strikes

Norwegian employers and labor unions failed to reach a deal in initial wage talks on Thursday, union sources told Reuters, leaving it up to a state-appointed mediator to avert widespread strikes that risk impacting output in western Europe's biggest crude producer. Negotiations will resume after the upcoming Easter holiday, ahead of an April 7 deadline, after which most workers are allowed to go on strike. While Norway's production of oil and natural gas is unlikely to be targeted from the start since the contract for rig workers' is valid until June, unions may still hit the sector by shutting

Magnus Hall (Photo: Vattenfall)

Sweden's Vattenfall to Cut 1,500 Jobs

Sweden's state-owned utility Vattenfall said on Monday it would cut 1,500 full-time positions among its employees and consultants by 2020 as part of a long-running drive to boost competitiveness and profitability. The announced job cuts form part of a 2 billion Swedish crowns ($244.62 million) cost-savings programme that Vattenfall announced a year ago. "The fact that we now show a positive financial result doesn't mean that we can rest on our laurels," Vattenfall Chief Executive Magnus Hall said in a statement. Vattenfall has about 20,000 employees, primarily in Sweden, Germany, the

Lamin Bara  (Photo: Dan-Bunkering)

Dan-Bunkering Promotes Two Bunker Traders

Dan-Bunkering has announced the promotion of Bunker Traders Rali Bara and Lamin Bara in its Dubai office as of March 1, 2018.   Rali Bara, who joined the Dubai office in 2013 was promoted to Bunker Trader & Team Leader and has during his career with Dan-Bunkering shown great business instinct and strong leadership skills, which is why a promotion to Team Leader was an obvious next step up the internal career ladder.   Lamin Bara, who was also promoted to Bunker Trader & Team Leader started with Dan-Bunkering in Dubai in 2015 and has demonstrated the ability to motivate the team

Fock Siew Wah, Group Chairman, PSA International, Photo courtesy PSA

PSA International sees profit jump 5.0%

* PSA International Pte Ltd (PSA) handled 74.24 million TEUs for the year ended 31 December 2017, representing an increase of 9.8% from the previous year. * PSA's flagship Singapore Terminals contributed 33.35 million TEUs, increasing 9.0% over 2016. PSA terminals outside Singapore delivered a total throughput of 40.89 million TEUs, increasing 10.4% over 2016. * PSA Group revenue rose 7.8% and profit from operations grew 5.0% compared to previous year. Overall net profit for the year was 5.1% higher at $1.23 billion. * PSA's balance sheet remains strong with a gross debt equity ratio of 0.

© Elmer Laahne / Adobe Stock

Oil Producer Norway Starts Wage Talks to Avert Widespread Strikes

Norwegian employers and labour unions embarked on four weeks' of wage talks on Monday to stave off widespread strikes that risk impacting output in western Europe's biggest crude producer.   Unlike most years, in which wages are set on an industry-by-industry basis to reduce complexity, the 2018 round rolls a majority of private sector firms into a single negotiation in a bid to resolve a stand-off over pension reform.   "We've understood that there is no real will among employers to compromise from the outset," labour union negotiator Asle Reime, who will represent oil workers

Brian Carter, President and Chief Executive Officer–Seaspan Shipyards. Photo courtesy Seaspan

Seaspan Appoints Brass as CFO

Seaspan Shipyards (Seaspan) has appointed Christof Brass as Chief Financial Officer (CFO). Christof brings over 20 years of experience successfully delivering large, complex programs for multinational companies. With an extensive back-ground in strategic financial planning and analysis, Christof will help drive the continued success and improvement of Seaspan.   “As a leader with experience in transforming international finance teams, Christof has all of the skills that we were looking for to lead the financial components of our business,” said Brian Carter, President and CEO

WMI TETA training  (Photo: SMOU)

SSG, MPA and Maritime Union to Inject $12.6 mln in Training

The Singapore maritime industry looks well-positioned for the future, with strong support from SkillsFuture Singapore (SSG), the Maritime and Port Authority of Singapore (MPA), and Singapore Maritime Officers’ Union (SMOU) in the form of continued funding for the Tripartite Nautical and Engineering Training Award (TNTA & TETA) Programs worth S$12.6 million.   The TNTA and TETA programs will receive funding support from SSG, MPA and SMOU.  The two cadet training programs are recognized as key opportunities for Singaporeans to develop themselves to the fullest potential through

Vallourec Drilling Products Cuts Roughly 150 Jobs in Texas

Vallourec Drilling Products, a subsidiary of Paris, France-based steel pipe maker Vallourec , will lay off roughly 150 employees in Texas, according to a regulatory filing. Vallourec specializes in making tubular products for the energy and other industrial sectors. It has about 19,000 employees worldwide. The layoffs come as companies that supply equipment and services to the oilfield are still recovering from a three-year rout in oil prices. Although benchmark crude futures have traded above $60 a barrel for much of the year, they have fallen recently amid concerns of growing supply. On

Ibrahim (Ibo) Cördük (Photo: Dan-Bunkering)

Dan-Bunkering Promotes Cördük

A/S Dan-Bunkering Ltd. has announced the promotion of Ibrahim (Ibo) Cördük to Senior Bunker Trader effective January 9, 2018.   Cördük originally joined Dan-Bunkering’s Middelfart office in 2008, thus he can celebrate his 10th anniversary with the company this year.  

Bryceon Sumner (Photo: Foss)

Foss Names Sumner CFO

Bryceon Sumner has joined Foss Maritime as chief financial officer, hired to oversee all aspects of the organization's financial function and performance. Sumner brings to the role years of experience gained at a number of organizations ranging from education technology and real estate, to architecture and financial services. Prior to joining Foss, Sumner served as COO and CFO for public and private companies, family offices and as a senior financial officer of a $60 billion government banking insurance fund. Most recently, he was CFO of Academic Partnerships, a Dallas-based educational technology

Dr. Andreas Strecker was named CFO, Deutz AG. (Photo: Deutz)

Deutz Names Strecker CFO

Dr. Andreas Strecker, 56, was appointed as a member of the Board of Management of DEUTZ AG, effective 1 March 2018, and will assume responsibility for Finance, Purchasing, Human Resources and Information Services from 1 April 2018. He succeeds former CFO Dr. Margarete Haase, 64, whose contract ends on April 30 2018. Dr. Strecker previously worked in managerial positions in the Bus and Controlling units of the Daimler Group, most notably for many years as the President and CEO of Daimler Buses North America. More recently, he was the CFO at Novoferm Group for four years, before becoming CEO of Solaris

(Photo: Trafigura)

Trafigura Hires ex-Noble Crude Oil Trader

Trading house Trafigura has hired Dan Stirk, formerly a North Sea crude oil trader at commodity trader Noble Group, to join its crude desk, according to trading sources. Stirk started his new job this week, one of the sources said. He served as North Sea trader at Noble starting in July 2016, according to his LinkedIn page. The move comes after Chinese trader Unipec hired three former Noble employees to join its middle distillates desk in London. Reporting by Ahmad Ghaddar

Samsung Heavy Industries Replaces CEO

South Korea’s Samsung Heavy Industries named Joonou Nam as its new chief executive officer on Monday after Park Dae-young resigned to take responsibility for the firm’s losses.   The shipbuilder’s shares plunged last week as it forecast a fourth straight year of operating losses and announced a rights issue.   Nam previously oversaw Samsung Heavy’s shipyard in Geoje, South Korea.     (Reporting by Hyunjoo Jin and Joyce Lee; Editing by Stephen Coates)

Andrade Named CFO at Teekay Tankers

Stewart Andrade has been appointed Chief Financial Officer of Teekay Tankers, succeeding Vince Lok who will remain Teekay Corporation’s Executive Vice President and Chief Financial Officer.   Andrade joined Teekay in 2002 and has worked in several senior roles across the organization. His most recent role was Vice President, Strategy and Business Development for Teekay’s tanker business, a position he has held since December 2015.   Prior to joining Teekay, Andrade, a Canadian Chartered Professional Accountant, worked in Ernst and Young’s consulting practice providing

Photo: UK Chamber of Shipping

UK Shipping Seeks to Double Seafarer Training Fund

.    The letter was also sent to the Chancellor of the Exchequer, Philip Hammond and the Minister of State, Department for Transport, John Hayes.    The UK Chamber, in conjunction with Nautilus International, has submitted a proposal for the Government's existing Support for Maritime Training (SMarT) scheme to be extended.   “The Government’s review of SMarT recognised that change was necessary and recommended the level of support should increase from £15 million to around £30 million annually, to be competitive with other European Countries&rsquo

The Impact of Decarbonization on Shipping Finance

line with the transition to a low-carbon economy. To fully achieve this, they must address the climate risks to hundreds of billions of dollars in shipping investments that will emerge as soon as 2023.” - Maurice Meehan, Director of Global Shipping Operation, Carbon War Room   At a Global Maritime Forum roundtable in London yesterday, the Carbon Pricing Leadership Coalition and global NGO Carbon War Room, worked with shipping leads from major global financial institutions to explore the challenges of decarbonisation for ship financing.   With the launch of the report Preparing shipping

Stuart Ostrow, President, ShipMoney (Photo: ShipMoney)

Continuing to Pay Crews with Cash Will Bring Further Challenges

Paying crew members in cash will lead to further challenges of increased incidents of piracy and theft, says global financial payments company ShipMoney.   ShipMoney President Stuart Ostrow will address delegates at Crew Connect Global, taking place between in Manila November 6 to 8, explaining the challenges ship managers face by continuing to pay their seafarers with cash.   The company believes that shipping businesses are leaving themselves open to increased incidents of piracy and theft by not looking at alternative payment methods and fully embracing the new digital age.   Giv

(Photo: Harley Marine Services)

Harley Marine Hires Adlakha as CFO

attacks. He later earned a Masters of Business Administration and International Business Diplomacy Certificate from the McDonough School of Business at Georgetown University. Following his Coast Guard career, Sterling held positions in investment banking and equity research before returning to his maritime roots at the Kirby Corporation where he held positions as Corporate Finance Manager, Director of Investor Relations and Finance, and finally, Vice President and Chief Financial Officer of United Holdings LLC

Gretchen Watkins (Photo: Maersk Oil)

Maersk Oil CEO to Step Down after Total Takeover

The chief executive of Maersk Oil, Gretchen Watkins, will leave the company when Total's acquisition of the company has been completed, Maersk said Wednesday.   Watkins joined Maersk Oil as Chief Operating Officer in January 2014 and took the role of CEO in October last year. Prior to joining Maersk Oil, she had worked at Marathon Oil and BP.   Total agreed last month to buy the oil and gas business of A.P. Moller-Maersk for $7.45 billion, strengthening the French major's operations in the North Sea.   The current COO at Maersk Oil, Martin Rune Pedersen, will become vice president

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

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

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

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

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.       

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

© 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.

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.  

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.  

©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

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

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

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