First financial steps have been made to cement the planned succession process of Torben Østergaard-Nielsen’s global shipping group United Shipping & Trading Company (USTC), based in Middelfart, Denmark.The next generation in the family-owned business, daughters Nina Østergaard Borris and Mia Østergaard Nielsen, have become co-owners via the parent company Selfinvest. In the future, they will take even greater part in the active ownership of the group…
COSCO SHIPPING Ports has announced its interim results for the six months ended 30 June 2023, highlighting that total throughput increased by 2.2% YoY to 64,572,872 TEU and equity throughput increased by 1.3% YoY to 20,751,365 TEU.Revenue decreased by 2…
UAE-based AD Ports Group announced the signing of a concession agreement to develop and operate a multi-purpose port in Safaga in Egypt, in addition to signing of two 15-year agreements, a Memorandum of Understanding (MoU) and three Head of…
Shipping, logistics, and marine services provider GAC Group has appointed Pontus Fredriksson as its new group president, effective January 2023.Bengt Ekstrand, who has held the position for the past 10 years, will take on the role of Executive…
The European cruise company, Costa Group, with its Costa Cruises and AIDA Cruises brands, which is part of Carnival Corporation, has created a dedicated decarbonization department within its Carnival Maritime unit based in Hamburg, Germany.The…
MISC Group’s President/Group Chief Executive Officer (CEO), YBhg. Datuk Yee Yang Chien announced his plan to retire effective September 30, 2022. Datuk Yee will turn the helm over to Captain Rajalingam Subramaniam, MISC’s Chief Operating Officer and AET’s President & CEO…
In the presence of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, Deputy Supreme Commander of the UAE Armed Forces, and Chairman of the Abu Dhabi Executive Council, and President Recep Tayyip Erdogan, AD Ports Group…
Sonardyne Group Limited, a family-owned global group of companies comprising Chelsea Technologies, EIVA, Sonardyne, Voyis and Wavefront, announced today that it is rebranding as Covelya Group Limited. Alongside the name change, the company announced…
Ship management company V.Group has announced the appointment of Bjoern Sprotte as chief executive officer, Ship Management.Based in Hamburg and reporting directly to V.Group CEO René Kofod-Olsen, Sprotte replaces Franck Kayser, who has requested…
Ship management and marine support services giant V.Group said on Wednesday it has appointed René Kofod-Olsen as the company’s chief executive officer, taking over from Graham Westgarth who will become chairman. Kofod-Olsen will join V. Group on November 1…
Tanker ship owner Xihe Group of Companies appointed V.Group as the technical manager for 16 of its modern tankers.“This strategic partnership kickstarts Xihe’s engage-ment of independent, world-class professional companies to provide technical and commercial management for our vessels…
Ship management and marine support services provider V.Group and maritime learning and operational technologies company Ocean Technologies Group have partnered to offer e-learning to V.Group personnel and customers.Starting later this year, V…
Superyachts have a long history of tailor-made, special-made and unique “to the Himalaya and back” luxury solutions. The question is, will this continue, or will the current market situation make superyacht owners and builders consider streamlining…
How will cruise lines serve food in an efficient and safe way without compromising superior customer experience?We are in the middle of a paradigm shift, a true disruption in most aspects of our social lives; from meeting friends, going out…
Ship management and marine services company V.Group announced it has appointed Petter Traaholt as Chief Financial Officer and a member of the V.Group Board.Traaholt joined V.Group from Eltel Group where he was Group CFO, based in Stockholm. Prior to joining Eltel in 2017…
