Maersk Drilling, a unit of Danish conglomerate A.P. Moller-Maersk, will cut up to 140 jobs in Norway due to lack of work for two rigs, the drilling company said.The jack-up rigs Maersk Gallant and Maersk Inspirer are expected to have finished…
Anna Romberg has been appointed Vice President, Ethics and Compliance, Cargotec, in Corporate Audit and Assurance team as of June 2016. She is responsible for the newly established Ethics and Compliance function and will be leading the Compliance and Code of Conduct team…
Liquefied Natural Gas Limited announced staff reductions resulting in a more streamlined organisation having a lower, more sustainable fixed cost base. These changes reflect a combination of redundancy and restructuring measures while keeping…
State-run Korea Development Bank and other creditors are expected to extend their conditional debt rescheduling program for Hanjin Shipping Co. to stay afloat, reports Korea Herald. This move will give the struggling shipping company enough time to cover liquidity shortage on its own…
The Philadelphia Regional Port Authority Board has named Jeff Theobald, a veteran of the maritime industry, as its new Chief Executive Officer (CEO). Theobald, most recently the President and CEO for Ports America Outer Harbor Terminal, LLC…
KVH Industries has announced that Brent Bruun, currently executive vice president of mobile broadband for the company, has been promoted to the newly created position of chief operating officer (COO). In this position, Bruun will assume direct responsibility for KVH’s corporate development…
Danos has announced the hiring of Tom Broom as executive account manager. In this role, Broom will be responsible for overseeing and maintaining Danos’ long-term relationship with Shell. In 2015, Broom retired from Shell after a 35-year-career…
Healthcare and medical solutions company Iqarus has appointed Lyall Dochard as Chief Financial Officer to lead the company’s financial and governance strategy as it continues its rapid global growth in remote and difficult operating environments…
GE has announced Azeez Mohammed has been appointed President & CEO of GE Energy Connections’ Power Conversion business, effective July 11, 2016. Mohammed comes to Power Conversion from his most recent role as President and CEO, of GE’s Power Services business for Middle East and Africa…
Charles Gray, Managing Director at the Armitt Group, Rob McKay, Director at Sherrington Associates and Chris Wainwright, MD of the Beech Group, have all entered a triathlon in Liverpool to raise money for the Royal National Lifeboat Institution (RNLI)…
U.S. Transportation Secretary Anthony Foxx announced the appointment of 29 new members to the Marine Transportation System National Advisory Committee (MTSNAC). Established in 2010, MTSNAC is comprised of leaders from commercial transportation firms…
The IMarEST’s European International Submarine Races 2016, held July 6-15th at QinetiQ’s Ocean Basin in Gosport UK, has concluded with the University of Auckland team’s Taniwha II submarine taking the winning trophy. The team proved that…
Subsea technology company Sonardyne International Ltd. UK, has named Graham Brown as its new Sales and Marketing Director. With immediate effect, Brown is responsible for leading the sales and marketing strategies across the entire company including oil and gas…
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…
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…