Eley to Take over as Polarcus CEO
Duncan Eley has been appointed chief executive officer of Oslo listed offshore geophysical services company Polarcus Limited, replacing Rod Starr, who has resigned following a two year reorganization period. Eley has been promoted to the CEO role from his current position as chief operating officer, succeeding Starr effective immediately. Starr will continue to work with the executive management team and Polarcus' Board of Directors for a transition period during the second quarter of 2017. For the near term, Polarcus will eliminate the COO position “to better align
Mannering Named Polarcus Chairman
Michael Mannering has been nominated to succeed Polarcus’ outgoing chairman of the board, Peter Rigg, with effect from the 2018 AGM on May 10.Rigg will retire after a decade as chairman of the marine geophysical company, having served in the role since the company’s inception in 2008.Mannering has previously held many senior corporate positions in Schlumberger as well as chairman and, subsequently, non-executive director of Songa Offshore until its acquisition by Transocean. He has a BSc (First Class) in Mechanical Engineering from the University of Southampton.
Polarcus Announces Further Job Cuts
Marine geophysical company Polarcus announced it will implement further measures to cut costs, including additional headcount reductions and changes to the executive management team. The expanded cost reductions are part of a longer term plan that aims to help Polarcus withstand a prolonged difficult market as well as to take advantage of opportunities in this volatile environment, the company explained. As part of the cost management program implemented at the end of 2014, personnel reductions now total 26 percent. This additional reduction of 15 employees are all office staff and
Golar LNG to Appoint Sir Frank Chapman as Chairman
Rolls-Royce Holdings plc reports that Golar LNG Limited has announced its intention to propose the appointment of Sir Frank Chapman as its Chairman, conditional upon the closing of the Secondary Offering recently announced by Golar LNG Limited. Sir Frank Chapman is a non-executive director, and chair of the safety and ethics committees, of Rolls-Royce Holdings plc. This disclosure is made pursuant to paragraph 9.6.14 (2) of the Listing Rules. Golar LNG Limited is listed on the NASDAQ Stock Market.
Otto Marine Brings in Subsea Adviser
Otto Marine Limited, an offshore marine company which owns and operates a fleet of offshore support vessels, shipyard and offers specialized offshore services, announced that the group has appointed UOB Kay Hian Holdings Limited to advise the group on strategic options, aimed to develop the international profile and competitive position of its subsea services unit in the increasingly growing segment. Such options include but are not limited to a potential listing on the on the Singapore Exchange Securities Trading Limited (SGX-ST). According to Otto Marine, the group remains committed to the business
Faststream Wins Chevron Recruitment Contract
Faststream awarded two year preferred supplier agreement for permanent recruitment services by Chevron Products UK Limited Maritime, offshore and oil and gas recruitment group Faststream has been awarded a two-year supplier agreement by Chevron Products UK Limited. The agreement will see Faststream supply permanent recruitment services to Chevron in the U.K. and Europe within four of its operating companies covering gas and midstream, downstream and chemicals, technology, products and services and corporate/business services. Faststream noted it has been a preferred supplier to
ZephIR Lidar Expands Engineering Team
ZephIR Lidar has announced the expansion of its Engineering and Supply Chain Team as part of a larger strategy to increase production and meet the growing demand for more accurate wind measurements within the wind energy industry. ZephIR Lidar has invested its own resources and has also applied for and received government-backed ‘Innovate UK’ funding in support of expanding the engineering function for production and manufacturing, as well as creating new jobs in the rural location of Ledbury, UK, where the Company is based. Paul Taylor joins as Program Director, brought into
CSS Earns QHSE Certifications for Crewing Services
Offshore and maritime recruitment company CSS Limited said it received certification in a further two internationally recognized QHSE standards: Environmental, ISO 14001:2015 and Occupational Health and Safety, OHSAS 18001:2007. (CSS Limited) Channel Ship Services received its first QHSE ISO certification in November 2016, Quality, ISO 9001:2015. Operational Director Christopher Inns noted that the CSS is one of a few maritime recruitment companies worldwide to have achieved all three ISO standards. Channel Ship Services said it now plans to complete the Information
NAO Names Executive Vice Chair
On June 1st 2016, Ms Marianne Lie assumed the position of Executive Vice Chair of Nordic American Tankers Limited (NAO). Prior to this Ms Lie had served as the non-executive Vice Chair of NAO since the end of 2013, shortly after NAO was established. Tor-Oivind Bjorkli, Managing Director of NAO, now reports to Ms Lie, who has a wealth of offshore energy experience in the main markets of NAO, above all in the British and Norwegian sector of the North Sea. Having studied law and sociology at the University of Oslo, she has served on the boards of large energy companies in Finland and Sweden
GBP1mln Grant to Create 100 Jobs at Ferguson Shipyard
The last commercial shipyard on the Clyde, Scotland, has secured grant to help safeguard 125 jobs and create a further 100. Ferguson shipyard has been awarded a £1m grant to refurbish its Port Glasgow premises and help fund new jobs. Ferguson Marine Engineering Ltd (FMEL) received the grant from Scottish Enterprise which will boost the number of full time staff from 150 to 250 at Port Glasgow. The Regional Selective Assistance (RSA) funding will contribute to Ferguson Marine's redevelopment of its premises and investment in new state of the art equipment.
HKCYIA Takes Part in Maritime Career Expo
Hong Kong Cruise & Yacht Industry Association (HKCYIA) took part in the “Hong Kong Maritime Week 2017”, a major annual event of the maritime and port industries in Hong Kong. Organized by the Maritime and Port Board in collaboration with the Shipowners Association and the Maritime Museum, HKCYIA was a major participant of the event with the setting up of an exhibition booth and the presentation of a series of talks at the “Maritime Career Expo”, a featured event of “Hong Kong Maritime Week 2017”. Held on November 25, the event provided youths and the general
Statoil Awards Mariner Contracts to UK Suppliers
Statoil (U.K.) Limited has awarded the maintenance and modification services contract for the Mariner field to Aker Solutions UK. The offshore services contract has been awarded to Stork Technical Services Limited, also based in the UK. Aker Solutions will perform the services for the Mariner field under a five-year contract, anticipated to start in August this year. Stork will commence services in January 2015, also under a five-year term. Both contracts include two 2-year extension options. The Mariner platform is currently under construction and production is scheduled to
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)
NORDEN’s Dry Cargo Head Bonderup Resigns
Ejner Bonderup, Executive Vice President and member of the Executive Management in Dampskibsselskabet NORDEN A/S, has resigned from his position to take up a position in another shipping company. Bonderup will continue at NORDEN for a limited amount of time during a transitional period. Throughout the period ending on December 31, 2017, Ejner Bonderup will be subject to restrictive covenants, unless released by the company. After Bonderup’s resignation, NORDEN’s executive management consists of CEO Jan Rindbo and Executive Vice President & CFO Martin Badsted.
Golden Ocean Appoints Chief Commercial Officer
Dry bulk shipping company Golden Ocean Group Limited has appointed Thomas Semino to take up the newly created position of Chief Commercial Officer. Semino will be based in Singapore and will start as CCO no later than November 1, 2016. Semino is currently the Head of Dry Freight in Vitol S.A., and has previously been Managing Director of Ocean Freight in Bunge S.A., and also has background from Cargill S.A. and Coeclerici Spa. Semino has a law degree in Maritime Law from Universita' degli Studi di Genova.
Dynasafe Promotes Chas Reid
Dynasafe BACTEC Limited has appointed Chas Reid to International Marine Services Director. Kevin Kneebone MD, Dynasafe BACTEC said, “Chas has over the last 19 years been totally committed to the organization and has in recent years, been instrumental in the development and great success of our marine services worldwide.” Chas has been involved in Explosive Ordnance Disposal, both on and off shore for 27 years, starting with his career in the British army, the Royal Engineers EOD, active in the first Gulf War, the Falklands, Iraq, Kuwait and Bosnia, and from 1997 Chas has
IBIA: Bunker Market Opportunities in Africa
The bunker market in Africa is evolving, with real opportunities for those willing to invest time and resource to overcome the obstacles. Illicit activities and poor practices are becoming less common, regulation is increasing and quality of service is improving. However, the increased regulation has in some places reduced competitiveness and as a result, is restricting market growth. This was the conclusion of the speakers and delegates at the International Bunker Industry Association (IBIA) Africa Regional Forum held in Cape Town, South Africa last week. The Forum was chaired by IBIA board