Maritime Partners Hires Two In Executive Leadership Roles
Act vessels, announced the addition of Stephen J. Bordes and Greg Chase to its executive leadership team.Bordes joins Maritime Partners as its chief financial officer, and Chase as as the firm’s chief legal officer.Bordes brings to the company more than 20 years of experience in the fields of finance and fund management. Prior to joining Maritime Partners, he served as the CFO for New York-based American Industrial Partners, a middle-market private equity firm that invests in industrial businesses. He holds a Bachelor of Science in Management & Accounting from Tulane University’s A
MarTrust Appoints New CEO
The Marcura Group Board has announced Stuart Gregory is taking the helm as CEO of MarTrust.MarTrust is set to undergo a renewed phase of development and expansion, the company said. Over the past years, under the leadership of Domenico Carlucci and with the support of the Marcura Board, MarTrust has become a prominent fintech entity, managing over $12 billion in payments annually.Gregory brings a wealth of fintech expertise, having been instrumental in building and scaling Wise Business through to its successful public listing in London. He will be based in London and report directly to Jens
Kongsberg Maritime Appoints New Leader of Finance
Kongsberg Maritime has announced the appointment of Christian Bekkevold Nilsen as its new executive vice president finance.Bekkevold Nilsen will join Kongsberg Maritime on October 9, 2023, following Per Håvard Siljan Hjukse who has taken over the role as EVP propulsion and handling for the company.Christian Bekkevold Nilsen has spent several years working both in Asia and in other European countries in addition to Norway. He has held leading finance positions in companies like Norconsult, Nord Pool and Alstom, and most recently as CFO in Quantafuel ASA. He holds a Master of Science degree in
Orange Finance Head Fernandez to Join CMA CGM
French telecoms group Orange's deputy chief executive and head of finance, Ramon Fernandez, is leaving the company to join shipping and transport company CMA CGM as finance director.Fernandez will Orange at the end of the first quarter of 2023, the company said on Tuesday, adding that a successor will be named soon.French transport group CMA CGM said in a separate statement that Fernandez would start his new role at the start of the second quarter next year."I would like to thank Ramon for his unfailing commitment to the group," Orange CEO Christel Heydemann said in statement. "He
Kelleher to Succeed Tivnan as Ardmore Shipping CFO
September 28, 2022.Anthony Gurnee, Ardmore's chief executive officer, said, Kelleher and Tivnan will overlap and work together from September 1 to "achieve an orderly and well-planned transition".Kelleher brings to the role more than 25 years of progressive experience in the maritime, finance, energy and industrials sectors, having most recently served as chief executive officer of Chembulk Tankers. He previously served as both Chief Strategy Officer and Chief Financial Officer of the firm, and prior to that, was the chief operating officer of Principal Maritime Management. He also functioned
Damen Names Suhlmann CFO, Herrebout Chief Counsel
As of April 1, Ronald Suhlmann will become chief financial officer of Damen Shipyards Group. He succeeds Tom Touber, who held this position ad interim for two years.Suhlmann started his career at Ballast Nedam and moved to Damen in 2015, where the register controller was both financial director of the Dutch shipbuilding conglomerate's naval and yachting divisions. With his appointment as CFO, Suhlmann becomes a member of Damen's executive board.In addition, the areas of risk, compliance and legal are invested more firmly within the executive board through the creation of the new role of chief
Carnival Cruise Line Names Campbell CFO
Carnival Cruise Line said it has named Darrell Campbell as chief financial officer. He joins the U.S.-based cruise operator from parent company Carnival Corporation where he has served as corporate treasurer since 2017.Prior to his role at Carnival Corp, Campbell served as an audit partner at PricewaterhouseCoopers LLP. He is a licensed CPA in Florida and New Hampshire. He has master's degrees in accounting from Florida International University and in international business from the University of Florida. He also holds a bachelor's degree from University of the West Indies in Jamaica.
Sherrard Enhances Squire Patton Boggs Commodities and Shipping Capabilities
;Sherrard specializes in the financing of maritime and offshore oil and gas assets. She represents corporates, leasing companies, banks and financial investors on matters across Asia, Europe, the Middle East, Africa and the Americas and is ranked by Chambers Global as a leader in International Shipping Finance.Sherrard has advised on a wide range of structured financing transactions across the maritime and offshore oil & gas sectors with a focus on LNG carriers and offshore oil and gas units. Her experience includes asset and project financing transactions, including debt, structured, export credit
Martijn van den Berg joins Zuyderzee Capital
Zuyderzee Capital, the specialized investment and advisory services company focused on maritime and logistics, announced a new strategic initiative intended to broaden the overall consulting service offering to its client base: Operational & Administrative Advisory.Martijn van den Berg joins the firm as Director responsible for the new business unit.Martijn joins Zuyderzee Capital having spent more than 24 years at ABN AMRO Bank and its predecessors including many years in the international asset-based lending division where he gained valuable experience in the area of Client Acceptance and
Offshore Industry Welcomes UK Gov't Job Retention Bonus. Calls for Long-Term Support
The UK Chancellor of the Exchequer Rishi Sunak has announced a new Job Retention Bonus scheme to encourage firms to keep on workers furloughed due to the COVID-19 impact on the economy.The UK government will introduce a one-off payment of £1,000 to UK employers for every furloughed employee who remains continuously employed through to the end of January 2021. It has set aside 9.4 billion pounds for the scheme."The unprecedented Coronavirus Job Retention Scheme (CJRS) has so far supported over one million employers to protect over 9 million jobs. The scheme has been open since March, and
3,800 Petrobras Workers Might Take Voluntary Severance Offer
programs already in place.Petrobras in recent years has initiated several waves of buyouts, which have gained urgency as the company sells off hundreds of assets and exits various lines of business in a bid to reduce debt and sharpen its focus on offshore oil production.The impact on the company's finances will be felt over the course of three years, Petrobras said in the filing. The company added that it will take a provision of 1.29 billion reais in the second quarter to fund the buyouts.($1 = 5.25 reais) (Reporting by Carolina Mandl and Gram Slattery; Editing by Catherine Evans and Paul Simao
Report: Petrofac to Let Go 20% of Workforce
Oilfield services provider Petrofac is launching a redundancy programme that it expects will end up reducing staff numbers by 20% as it seeks to cope with plunging oil prices, according to a source and an internal email seen by Reuters.The Britain-based company, which said redundancies would be voluntary but could become compulsory if not enough people took up the offer, said it might also consider reducing base salaries by at least 10% for many employees."The oil price slump can be expected to have a considerable impact on demand for our services in the short and medium-term," Petrofac
FSL Trust Names Wenker CFO
Singapore-based First Ship Lease Trust (FSL Trust) has appointed Markus Wenker as chief financial officer, to replace Alan Mitchell, who is retiring.Wenker will take over the role and responsibilities May 4, following a handover process.Wenker was most recently head of ship finance at Hellenic Bank from 2016. Previously, he held a number of roles at HSH Nordbank from 2002 to 2016.FSL Trust's current fleet of 16 vessels comprises containerships and a variety of tankers. Of these, 10 vessels are leased to international shipping companies on long-term bareboat charters. Six vessels are employed on
Dan-Bunkering Appoints Finance Director
A/S Dan-Bunkering Ltd. appointed Ulrik Silversparre Bodholdt as Finance Director as of January 1, 2020.Bodholdt joins Dan-Bunkering from a position as Auditor and Department Manager with a large renowned accountancy firm and will be based in Dan-Bunkering’s office in Copenhagen.Bodholdt will have the overall responsibility for the finance functions across the group’s 12 offices.
Clipper Bulk Axes 40 Staff
the changes, Clipper Bulk announces a new Senior Management Team, comprised of Peter Norborg (CEO), Amrit Peter Kalsi (COO, Head of Chartering & Operations), Thomas Martinussen (Head of Legal), Britt Jørgensen (Head of HR & Comms) and Anders Bruun (Head of Business Development). A Head of Finance & Accounting will be named later.The new Senior Management Team will put great emphasis on making Clipper a more focused and specialized dry bulk operator, by leveraging Clipper’s positions of strength in various trades and routes as well as its long-term partnerships with clients, technical
New Online Marine License Insurance Program
Mariners looking for insurance have a new option that is touted as being fast and affordable, cared for immediately in an online format that is designed to be more expedient than ever.360 Coverage Pros launched a new Marine License Insurance Program for mariners that offers an entirely online buying experience combined with low monthly payment options and instant proof of coverage.Until now, the process of securing a marine license insurance policy involved requesting quotes, filling out lengthy applications and waiting days to receive a premium proposal before finally binding coverage.With the new
Australia Bans Two Bulkers Over Mariner Pay Spat
The Australian Maritime Safety Authority (AMSA) has banned two foreign-flagged bulk carriers from Australian ports after their crews reported being underpaid.The Chinese-owned bulk carrier MV Xing Jing Hai and the Panama-flagged MV Fortune Genius were banned for 18 months and 12 months respectively.AMSA surveyors boarded the Fortune Genius in Gladstone after receiving a complaint via the International Transport Workers’ Federation.AMSA’s investigation revealed the crew of the Fortune Genius had been deliberately under paid by the operator, New Fortune Genius Management, by about AUD $100
