Trafigura Names Richard Holtum CEO
following windfall years after the COVID-19 pandemic, while sharp equity growth in recent years will also mean hefty expenses in paying out departing shareholders.Holtum becomes the group's third ever CEO after around 10 years at the company. He joined Trafigura in 2014 on the firm's Liquefied Natural Gas (LNG) team, rising to global head of gas and power in 2022 and adding renewables to his portfolio in 2023.His rise at the company coincides with a booming gas market, with prices spiking on the back of Russia's invasion of Ukraine, which helped to generate billions of dollars worth of
Crowley Reaches Labor Deal for Isla Grande Terminal in Puerto Rico
company in Puerto Rico, providing ocean transport of consumer and industrial supplies, vehicles, perishable groceries as well as medical and pharmaceutical supplies. The company operates vessels between the U.S. mainland and the commonwealth as well as warehouses, land transportation and liquefied natural gas (LNG) energy services.“Crowley’s dedicated, timely and reliable ocean shipping and supply chain services start with the dedication and hard work of the men and women operating the Isla Grande Terminal. We thank them for their continued trust and partnership serving our diverse
Interview: Juha Kytölä, Director of R&D and Engineering, Wärtsilä
?The transition taking place in the industry is huge [offering many] challenges, [and also offering many] opportunities. My 34-year career has always been closely linked to technology development, and I have been involved in introducing new fuels [to market]. We put a lot of focus on introducing liquefied natural gas as a fuel for shipping, which was a very big step [and has made] a big contribution toward decarbonization.Today ship owners have the will to optimize their operations, not only for economical drivers, but especially for the environment. These are fantastic times for people in research and
Fowler Appointed to Lead Crowley Shipping
forward to deliver the sustainable, high performing solutions our customers and partners expect.”Crowley Shipping offers design, construction management and operation of a diverse range of vessels, port and offshore energy infrastructure, as well as advanced energy solutions including liquefied natural gas (LNG). Its services include ship assist and harbor escort services, and offshore energy installation and project management. Besides vessel design and mariner engineering group Crowley Engineering Services, Crowley Shipping also operates and manages liquid energy tank vessels and global cargo
Fincantieri Bay Shipbuilding Expands Partnership with Local Technical College
industry-leading workforce.”FBS, part of the Fincantieri Marine Group, is a 63-acre, custom-built facility designed for new construction, major conversions, repairs, and sustainment of commercial and government vessels. It has years of work underway and planned, such as building additional liquefied natural gas (LNG) bunkering barges and a service operation vessel (SOV) to support the offshore wind industry. FBS also assists sister-shipyard Fincantieri Marinette Marine by building large hull sections of Constellation-class frigates for the U.S. Navy. FBS is seeking more candidates for its skilled
Next Wave of North American LNG Export Projects to Face Labor Challenges
A coming wave of North American liquefied natural gas (LNG) export projects faces staffing challenges that are prompting some of the biggest developers to expand training and coordinate projects to keep construction workers.There are eight export projects now under way that when completed would add 86 million tonnes per annum (MTPA) capacity of the chilled natural gas. The projects have already created thousands of construction jobs and are soon to employ hundreds of operators.Paul Marsden, head of Bechtel Corp's Energy global business unit, which has built 30% of the world's LNG plants in the
Head of Top US Oil-export Port Resigns Suddenly
comment.During his tenure, he helped the port obtain federal funds to support a dredging of its ship channel to bring larger oil tankers to its docks.Strawbridge had spoken a day earlier at the port at an event celebrating the future of energy and the port’s emergence as an export hub for liquefied natural gas (LNG).Spokespeople for the Port of Corpus Christi said he had resigned but declined to provide any additional information or comment on a potential successor.Under Strawbridge, the port’s operating revenue grew 76.5% to $162.3 million from 2017 to 2022, according to annual budget summaries
YSA Design Forms New Sustainability Division
that would otherwise be lost and solar paneling on penthouse suite roofs to encourage premium guests to pay a supplement for greener accommodation. In a recent project, a YSA team led by Sigurdsen and Dornelas completed extensive design work on board MSC World Europa, a modern, first-in-class, liquefied natural gas (LNG)-powered vessel featuring cutting-edge sustainable technology such as a solid oxide fuel cell demonstrator and a ‘Baltic standard’ advanced wastewater system
Contract Workers at Daewoo Shipyard Reach Deal to End Strike
(DSME) in the southern city of Geoje.The shipyard is one of the world's biggest and the strike has led to delivery delays of eight vessels by as much as five weeks, just as the global shipbuilding industry is signaling a rebound.Orders have come in as European countries rush to ramp up liquefied natural gas (LNG) deliveries to replace Russian gas supplies in the wake of the Ukraine crisis. read moreUnion officials accepted an offer of a 4.5% wage increase and a promise of job guarantees for workers at some subcontracting firms that may be closing, a union official told reporters.South Korea'
Avenir LNG Names Baltar CFO
liquefied natural gas (LNG) supplier Avenir LNG announced it has appointed Abigail Baltar as its new chief financial officer.Baltar first joined Avenir assuming the role of head of finance in 2020. She brings with her over 20 years of financial, investment and corporate finance experience, the last 11 of which have been within the shipping and oil and gas industry.Avenir LNG chief executive officer, Peter Mackey, said, "I am delighted to appoint Abigail as our CFO. She has built a strong track record since she joined Avenir and has been critical to our recent success and growth. Abigail will play
Berge Named SVP Global Regulatory Affairs at Corvus Energy
for the decarbonization of shipping. Berge’s focus has been safety and regulations for green solutions and the design of current national and international maritime regulations. He has been involved in numerous projects and a driving force in developing the regulations for the use of liquefied natural gas (LNG), batteries, hydrogen, methanol and ammonia on board ships.Further, Berge has been a Norwegian delegate in the International Maritime Organization (IMO), a representative in the European Sustainable Shipping Forum, member of the Norwegian government’s strategy committee Maritime
Tanker Firm Frontline Keeps Barstad as Permanent CEO
six very large crude carrier (VLCC) newbuilds under construction at the Hyundai Heavy Industries shipyard in South Korea, for $565.8 million.The ships are designed to operate on different fuels, including biofuel, and have the potential to be converted or retrofitted to run on fuels such as liquefied natural gas (LNG) or ammonia, and consequently, there is an ability to cut CO2 emissions to zero when technology, logistics, and the regulatory framework allows for it. Frontline said the newbuilds would be fitted with exhaust gas scrubbers, high-end antifouling systems, equipped with Digital Energy
Golar LNG CEO Ross Resigns
Golar LNG said on Monday its chief executive officer Iain Ross has tendered his resignation, and the company will immediately start the process to recruit his successor.The liquefied natural gas (LNG) shipping company said the contractual termination period is six months, though it can be prolonged or reduced upon mutual agreement.Ross joined Golar LNG as CEO in September 2017 after holding various leadership roles at WorleyParsons.
Crowley Promotes Praskovich to VP of Sustainability
under Praskovich include supporting Crowley’s continuing commitment to cleaner, environmentally friendly technologies and operations, such as the company’s New Energy Division, which offers maritime and engineering services to the emerging offshore wind energy sector and liquefied natural gas (LNG) solutions. As part of her responsibilities, Praskovich will lead Crowley’s new dedicated Sustainability team, which includes Corporate Sustainability Director Nico De Golia, and Preethi Poola, senior administrator. She will also lead safety, operational resilience and operational
BSM Gains DNV GL Approval for Remote Training Course
on travel, BSM guarantees steady training delivery to its internal gas fleet as well as to external customers during the COVID-19 pandemic. This ensures that seafarers across the industry acquire and retain the necessary competencies prior to serving on liquefied petroleum gas (LPG) and liquefied natural gas (LNG) vessels.“Our aim is to maintain the highest standards of delivery to seafarers without them needing to physically travel to a training center and expose themselves to unnecessary health risks,” said Andrew Hall, General Manager HR Marine at BSM. “The addition of the
Carnival Makes Leadership Changes at HAL, Costa
, revenue management and fleet deployment, among others. Under his leadership, Costa Cruises introduced its "Italy's Finest" brand positioning, debuted a number of guest and onboard experience innovations and launched Costa Smeralda, the brand's first cruise ship powered by liquefied natural gas (LNG). Prior to becoming president of Costa Cruises, Palomba served as the brand's senior vice president, hotel operations and guest experience beginning in January 2014. Previously, he held multiple leadership positions in the cruise industry, working up to corporate operating
Partners Launch LNG Training in Singapore
GTT Training said Monday it has reached a training partnership agreement with Wavelink Maritime Institute (WMI) to facilitate the delivery of GTT Training’s liquefied natural gas (LNG) industry related courses at WMI’s training facility in Jurong, Singapore.The partnership includes the installation of GTT Training’s Liquid Gas Handling Simulator ‘G-SIM’ at the Wavelink Maritime Simulation Center and the co-sharing of expertise.The LNG handling and operations courses will be geared toward personnel involved with LNG carriers, terminals and LNG-fueled vessels.
