Signal, Heidmar Join Forces on Tanker Fleet
Greek commercial ship management company Signal Maritime Services and tanker vessel trader Heidmar join forces to deliver commercial management to the global tanker market.Both companies have agreed a milestone partnership, under which Signal will manage a joint tanker fleet using its proprietary technology and analytical approach, said a press release.Signal’s Artificial-Intelligence-backed solution to pool management has consistently delivered superior earnings to its pool members…
SPII Holdings Finalizes Acquisition of DryShips
The shareholders of the dry bulk shipping company based in Athens, Greece, DryShips, voted in favor of the proposal to authorize and approve the previously announced agreement and plan of merger with SPII Holdings.SPII, a company controlled by DryShips’ chairman and CEO, George Economou, would acquire the outstanding shares of common stock, USD 0.01 par value, of the company that it does not already own for USD 5.25 per share in cash, without interest.In connection with the completion of the transaction…
FDX Offshore Acquires Womar Logistics
Connecticut-based maritime finance company FDX Offshore has acquired Singapore’s tanker pool operator Womar Logistics. Watson Farley & Williams (WFW) advised FDX Offshore on its acquisition.The partnership intends to expand its chemical tanker pools as well as initiate and grow independent pools in other classes of ships.FDX is led by Managing Partner Jake Scott and Partner Andy Tuchman who will both become Womar board members. Formed in 2013, FDX has been providing financial advice and capital sourcing to maritime and energy projects.Incorporated in early 2009…
DHT and Heidmar Halt New Bookings to Mid-East Gulf
Oil tanker owners DHT Holdings and Heidmar have suspended new bookings to the Mid-East Gulf, three ship brokers said, following suspected attacks on two oil tankers in the Gulf of Oman on Thursday.DHT has a large fleet of Very Large Crude Carriers (VLCCs) and Heidmar has a wide range of oil tankers.
New Consortium to Improve Crew Management
Maritime Blockchain Labs (MBL), founded by blockchain technology and governance experts BLOC and the Lloyd’s Register Foundation, has announced the establishment of a consortium that will pilot a blockchain-based seafarer certification system.The project aims to streamline and expedite processes that can be marred by a lack of verification for safety documentation, paper-based certificate management and a lack of access to validated safety and training certifications of seafarers.
FSL Trust Pact with Heidmar’s Sigma Pool for Two Vessels
Singapore-based FSL Trust Management (FSLTM), as trustee-manager of First Ship Lease Trust announced a new pool agreement for the two LR2 vessels, 2006 built and each 109,672 DWT, FSL Piraeus (ex-Torm Margrethe) and FSL Perth (ex-Torm Marie), which have recently returned from their bareboat charters and have now been renamed.The Trust has established a new business relationship with Heidmar as these vessels enter into the Sigma Pool.Heidmar Inc, founded in 1984, is one of the world’s leading commercial tanker operators with a fleet of approximately 80 ships…
Harrison Named President, WISTA USA
Parker Harrison, Vice President Procurement of Crowley Maritime Corporation, has been appointed President of the US Chapter of WISTA, the Women's International Shipping & Trading Association. She takes over the presidency from Alexandra Anagnostis-Irons of Total Marine Solutions.“I am honored to be stepping into the role of President of an organization to which—and to the members of which—I owe so much, both professionally and personally,” said Harrison, a WISTA USA member since 2004 and WISTA USA membership secretary since 2008.“We are a bigger…
WISTA Sets Sail into the Future
More than 225 shipping and trading executives from 30 countries joined the Women's International Shipping & Trading Association (WISTA) aboard the ms Koningsdam, Holland America Line's newest vessel, on November 9 for the WISTA 2016 International Conference and Annual General Meeting. The Conference, hosted by WISTA USA under the leadership of its President, Alexandra Anagnostis-Irons of Total Marine Solutions, featured the Annual General Meeting (AGM), a robust Conference program agenda, and a variety of workshops designed to transfer knowledge on the industry, leadership, and growth.
Ross is Fleet Manager, Heidmar
Heidmar announced the promotion of Duncan Ross to Fleet Manager. Duncan joined Heidmar’s London office in 2012 as vessel manager. Prior to joining Heidmar, he sailed on a number of vessels over a six-year period. Duncan will be responsible for overseeing the consolidated fleet operations of Star and Dorado as well as the new Marlin pool.
Heidmar Enters Dry Bulk with TBS Ocean
Heidmar and TBS Ocean are joining forces to form a dry bulk pool alliance. New alliance with TBS Ocean plan to combine two players’ operating strengths in geared bulker JV. TBS will continue as manager of a series of dry bulk pools, while Heidmar will provide its pool expertise, best practices, and proprietary commercial ship management software. Ben Ognibene, ceo of Heidmar commented, “For some time Heidmar has explored expansion into the dry bulk market. "TBS, with its global footprint…
NY Shipping Conference Speakers Announced
Conference organizers have announced the speaker lineup for the 21st annual Hellenic-American and Norwegian-American Chambers of Commerce conference, often called the New York Shipping Conference. Entitled “The Life of a Ship”, the conference will feature luminaries including Steinar Nerbovik of Aker Philadelphia Shipyard, Ben Ognibene of Heidmar, Craig Stevenson Jr., Joseph Hughes of Shipowners Claims Bureau, Paal Johansen of DNV GL, and Angela Chao of Foremost Group . The event will be held on Wednesday, February 11 at the Waldorf-Astoria starting at 8:15 a.m.
‘Green’ Hybrid-powered Research Vessel Christened
The Maritime Aquarium at Norwalk christened a larger, “greener” new research vessel on Friday, September 26 in preparation for launching a new era in examining, monitoring and teaching about Long Island Sound. The $2.7 million environmentally friendly research vessel, Spirit of the Sound, was christened and officially named during a ceremony at the Aquarium dock. Breaking a bottle on her hull was godmother of the boat, Astrid Heidenreich of Greenwich. The boat will reportedly be the first research vessel in the U.S. running on hybrid-electric propulsion.
Shippers Must Reduce Costs, Boost Efficiency
So what’s keeping ship operators awake at night these days? Plenty, it seems. Sluggish recovery from a lingering worldwide recession, unsustainable debt loads, endemic overcapacity in most shipping trades, punishing freight rates, rising costs of fuel and regulatory compliance and a lingering sense that ships are not running as efficiently as they could. The last two topics – reducing fuel costs while complying with emission regulations and improving ship operating efficiency – will take center stage at SHIPPINGInsight 2014, scheduled for Sept. 30 – Oct. 2 in Stamford, Conn.
Morgan Stanley Crude Oil Head Trader Resigns
Morgan Stanley's head of crude oil trading in New York, Tom O'Connor, resigned last week, a person familiar with the matter said. O'Connor was a managing director who ran the New York crude oil trading desk. He joined Morgan Stanley in 2000 as an associate, trading commodities. His departure follows that of Simon Fenner, formerly head of strategic transactions at Morgan Stanley's U.S. commodities business, who left to helm energy trading in the Americas at the trading arm of Russian oil giant Lukoil.
NYMAR Delegation Heads to Posidonia
Board Members to Proclaim the Many Merits of Maritime in New York. NYMAR (New York Maritime Inc.) Board members are heading to Athens next week to promote the multiple advantages afforded by the New York Maritime Cluster. Chief on the list will be the many services and opportunities offered in this market dubbed the “Capital for Shipping”. Leading the delegation is NYMAR’s Chairman, Clay Maitland of the Marshall Islands Ship Registry. Joining him are Brian Devine of Norton Rose…
Faurisson Joins Heidmar Products Desk
Heidmar announced that Olivier Faurisson will join the company as Managing Director of Chartering and Marketing in the product sector. Faurisson has experience in product chartering and pool building. He rose to the title of General Manager, Products Division, during his 13 year career with Total Trading. At OMI Corporation he was the Head of Chartering & Business Development, in the Product Tanker Division. Most recently, he was Head of Chartering at Scorpio UK Limited. Faurisson will be based in Heidmar's London office.
Heidmar Names van der Zijde CEO
The Board of Directors of Heidmar has announced the appointment of Hans van der Zijde as Heidmar's new Chief Executive Officer. Mr. van der Zijde graduated from the Nautical Academy of Rotterdam in 1985 and subsequently studied Maritime and Logistic Management there, graduating in 1992. Mr. van der Zijde has worked for and held management positions in leading shipping companies in Europe, South Africa and Asia. He has overall experience across most of the shipping segments, including tankers, and containers and short-sea.
Heidmar Appoints Ognibene Interim CEO
Heidmar’s Board of Directors. reacted swiftly to the untimely death of CEO Marc La Monte, appointing Ben Ognibene to the position of interim Chief Executive Officer. Ognibene became Heidmar’s COO in July 2013. That promotion followed a long and successful career at almost every level of the company’s Pool management business, during which time he worked closely with both Pool partners and more recently chartering clients. Ognibene started at Heidmar in 2004 focusing on the creation of Heidmar’s Aframax Pool, Sigma Tankers.
Heidmar CEO Marc La Monte Passes Away
Heidmar reported the unexpected passing of Marc La Monte of Wilton, Connecticut. Mr. La Monte passed away while on a business flight in Europe on the morning of October 14th. La Monte was a widely respected member of the international shipping industry for 27 years. He served as President and Chief Executive Officer of Heidmar Inc. from April 2012. Prior to becoming CEO, La Montehad been the Managing Director of Heidmar’s VLCC tanker pool, Seawolf Tankers. La Monte spent 16 years at Overseas Shipping Group in various positions, including vice president of OSG’s LNG tanker business.
SHIPPINGInsight 2013 Announces Agenda and Speaker List
The SHIPPINGInsight conference producers have finalized the agenda and confirmed speaker list for the 2013 Fleet Optimization Conference, scheduled for Oct. 22-24 at the Sheraton Stamford Hotel in Stamford, Conn. “The theme for this year’s conference is ‘Connect and Engage,’” said conference co-producer Frank Soccoli. “We are bringing together an impressive lineup of speakers, moderators, panelists, sponsors, exhibitors and delegates representing all segments of the shipping industry.
Registration Open for SHIPPINGInsight Fleet Optimization Conference
The producers of the SHIPPINGInsight Fleet Optimization Conference have announced that online registration is now open. Following a successful inaugural conference in 2012, the 2013 event will take place October 22-24 at the Sheraton Stamford Hotel in Stamford, Conn. It will bring together senior executives from shipowners, ship managers, classification societies, regulatory bodies, consultancies and suppliers to address the pressing issues facing fleet operators in the current business climate.
NYMAR Delegation Heads for Oslo
NYMAR (New York Maritime Inc.) board members will visit the Nor-Shipping expo to promote the New York Maritime cluster. Leading the delegation is NYMAR’s newly anointed Chairman, Clay Maitland of the Marshall Islands Ship Registry. Joining him are Brian Devine, newly of Norton Rose, Seward & Kissel partner Larry Rutkowski, AMA Capital Partners’ Kevin O’Hara, Kathy Haines of Heidmar, and Nordea’s Martin Lunder. “Nor-Shipping is an ideal opportunity for NYMAR to broadcast the attractiveness of New York as a business center”, stated delegation leader Maitland.
SHIPPINGInsight 2013 Agenda Published
The SHIPPINGInsight producers announced that the agenda for the 2013 Fleet Optimization Conference has been finalized. Now in its second year, the 2013 SHIPPINGInsight Conference addresses the challenges, solutions, technologies and best practices for improving efficiency in ship and fleet operations. It will take place Oct. 22-24 at the Sheraton Stamford Hotel in Connecticut. Keynote speakers will be Anthony Chiarello, CEO of Tote, Inc., and Yasushi Nakamura, executive vice president of ClassNK.
Chiarello to Keynote 2013 SHIPPINGInsight
Anthony Chiarello, president and CEO of TOTE, Inc., will be the keynote speaker at the SHIPPINGInsight 2013 Fleet Optimization Conference, Oct. 22-24 in Stamford, Conn. Prior to TOTE, Inc., the largest of five operating groups owned by Seattle-based Saltchuk Resources, Inc., which includes five companies organized in maritime, logistics and ship management lines of business, Chiarello, was the COO and executive vice president at NYK Logistics (Americas), Inc. Prior to NYK, Chiarello was with the AP Moller/Maersk organization for 16 years.
USMMA Golf Fundraisers Set 2013 Competition Dates
The Heidmar Blue & Gray Golf Classics are fundraisers for the U.S Merchant Marine Academy and its Department of Athletics. The tour nets over $400,000 annually and is attended by USMMA alumni, parents, friends and members of the international maritime community. In 2012, the tour saw 1,274 golfers which is the third-highest total of all time. Final 2012 proceeds are predicted to be near record numbers as the tour continues to grow in scope and size. The tour will stop in 11 cities next year and attract over 1,200 golfers nationally.
WISTA Ladies Show the Flag in Paris
Twenty WISTA USA (Women’s International Shipping & Trading Association) members travel to Paris for the AGM. This annual gathering of WISTA members in locations around the world is augmented by industry leaders who participate in the three-day event as both speakers and delegates. This year a record 283 attended the event from 34 countries. The conference was kicked off by Peter Hinchliffe, Secretary General for the International Chamber of Shipping. Mr. Hinchliffe stressed the need for the international regulatory community to look for rational approaches to effecting change.