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Last Update Dec 19,2014

Zim CFO Allon Raveh to quit by January, guided company through bad times
ISRAELI flag carrier ZIM Integrated Shipping Ltd (Zim Line) recently announced its chief financial officer Allon Raveh has resigned and will leave the company by the end of the year after serving the company for four years.

Zim Line's president and CEO Rafi Danieli said: "Allon took part in Zim's financial plan and the negotiations with the banks regarding the improvement of the company's financial covenants, in light of the deteriorating situation of the shipping industry in recent years. I would like to thank Allon for his contribution and wish him every success in the future."

So far, Mr Raveh's replacement has not been announced. Zim has been confronted with financial troubles and running in the red since the end of 2008. The carrier has not posted its financial results for the second quarter, so it is still too early to say whether it could benefit from a series of previous freight rate increases and return to profit in the second quarter.


M+R strengthens Asian network with new office in Johor Bahru, Malaysia
M+R FORWARDING Asia has decided to cover Malaysia through the establishment of its own subsidiary after having been represented in the country by Network Partners for more than 20 years.

The new company will initially operate with an office in Johor Bahru, with further expansion in the planning.

M+R Forwarding Malaysia Sdn Bhd is located at: No. 16H, Jalan Bukit Meldrum, 80300 Johor Bahru, Johor, Malaysia. Tel +60 7 226 0628, Fax +60 7 227 0628.

The new office works in close co-operation with M+R Singapore, which has a lead function in all M+R operations in Singapore, Malaysia, Vietnam, Cambodia and Laos.

Malaysia, a member state of ASEAN and APEC, has always played a vital role in the area and has become an important manufacturer and exporter of high tech products, especially in the field of Information Technology.

M+R Malaysia provides a full range of sea- and air freight services as well as project cargo services for the oil and gas second as well as other industries via all major harbours and airports in Malaysia.


M+R Singapore appoints Gareth Evans as new executive director
FOLLOWING the visit of the M+R Spedag Group's owner and manager Daniel Richner to Thailand, the company has promoted Gareth Evans as executive director, with effect from January 1 this year.

"Gareth has joined M+R Singapore in 2004 and has done a tremendous job in making M+R Singapore a very successful entity," a company statement said.

In his new capacity as executive director, Singapore, Malaysia and Vietnam, Mr Evans will be responsible for management and development of these three countries, as well as Cambodia, Laos and Myanmar.

"Gareth with his vast experience in general forwarding, projects, in particular in the oil and gas sector, as well as his entrepreneurial drive makes him the ideal person to bring these countries to the next level within the M+R Spedag Group. As in the past 26 years, we always focus to continuously enlarge our network to serve customers and agent partners on the expected highest quality level," said the company statement.

Founded in 1952 as a freight forwarding company, the M+R Spedag Group is still a family-owned transport and logistics company based in Basel, Switzerland. Original owners Roger Metzger and Hansruedi Richner, passed on management to son Daniel Richner, who took over all shares of the company as well as the presidency of the group in 2006.


Ben Vree succeeds Martin Poulsen as chairman APM Terminals, Europe
APM Terminals, a member of the AP Moller-Maersk Group, has named Ben Vree as its new executive chairman of European operations. He succeeds Martin Poulsen, who takes over the new post of global "safety activist," responsible for improving safety standards worldwide.

Mr Vree had been appointed chief executive of APM Terminals Rotterdam earlier this year, to oversee the company's facilities and maintain its competitive position in Europe's biggest container port.

The terminal operator's European operations account for 36 per cent of the company's global container volume and 25 per cent of its revenues.

Before joining APM Terminals, Mr Vree was the CEO of North Sea Group, a Netherlands-based trader and distributor of oil products and biofuels, from 2011 to 2012.

"I am excited about this new opportunity to contribute in this challenging market toward the further development and growth of the APM Terminals global port, terminal and inland services network in the Europe region," Mr Vree said.

"Our goal is to not only grow and optimise the existing network, but further improve standards on safety and environmental care and expand our customer base."


Nils Smedegaard Andersen back as CEO at AP Moller Maersk after heart surgery
AP MOLLER MAERSK chief executive Nils Smedegaard Andersen, 53, was clearly back at work with the announcement of Danish shipping giant's quarterly results after he spent more than four months on medical leave following heart surgery.

Mr Andersen was hospitalised during a skiing holiday in Switzerland in December, reported Dow Jones. After surgery to replace a cardiac valve in Switzerland for two weeks, he returned to Denmark in mid-January.

He was initially expected to resume work at the beginning of February, but suffered a setback and further surgery in late March, said the report.

"Having participated in a number of meetings and having been updated on our activities during the last couple of weeks, I am now ready to return to work," Mr Andersen said.

During his absence, the company has been led by members of the executive board, reporting to supervisory board chairman Michael Pram Rasmussen.


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