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Last Update Jul 01,2014

OOCL names chief operating officer Andy Tung as new CEO from July 1
HONG KONG's Orient Overseas Container Line (OOCL) has announced its chief operating officer Andy Tung will succeed Philip Chow after his retirement as the new chief executive with effect from July 1.

Mr Tung will continue to be an executive director and a member of the executive committee of Orient Overseas (International) Ltd (OOIL), the parent company of OOCL, and managing director and a member of the executive committee of OOCL, said the company statement.

Mr Tung, nephew of Tung Chee-Chen, the chairman, president and CEO of OOIL Group, took the position of COO in January 2009. He has also served the group in various positions, including as director of reefer trade of OOCL between 1993 and 1998.

Mr Tung holds a bachelors from Princeton and an MBA from Stanford. He is currently a member of the executive committee of the Hong Kong Shipowners Association.

After stepping down as OOCL's chief executive, Mr Chow will stay at the carrier's parent company OOIL Group, in which he has served for more than 36 years, as a non-executive director.


AP Moller-Maersk CEO faces heart surgery again and 2 months of sick leave
DENMARK's AP Moller-Maersk CEO chief executive Nils Smedegaard Andersen, 53, faces more heart surgery and six to eight more weeks of sick leave after been laid up for three months, reports Reuters.

Mr Andersen's first cardiac operation sought to repair a leaking heart valve in December, shortly after the CEO of his major unit, Maersk Line, Evinid Kolding, resigned to run Danske Bank while the man who ran the group's tanker division, Soren Skou, took over from Mr Kolding to run the container operation

In Mr Andersen's absence AP Moller-Maersk is being run by its executive board, the members of which report directly to the chairman of the board, Michael Pram Rasmussen, the company said.

"The management team has passed the test and has shown itself to be robust and will also be able to handle the extension of Nils Andersen's sick leave without any loss of momentum," said Mr Rasmussen.

At first, Mr Andersen was supposed to be away a month, but that was extended to two months at the end of January. He was then expected to be back at work this week, but doctors said he needed more surgery, and an operation was scheduled for today (March 28), after which medical leave will be extended up to two months.


Ron Widdows to become new CEO of Hamburg's Rickmers Group from April
RONALD WIDDOWS, former-CEO of Singapore's Neptune Orient Lines, and before that, he was CEO of its container arm, APL, will become the new chief executive officer of Hamburg-based Rickmers Holding and Rickmers-Linie from April 1 with Rickmers' CFO Ignace Van Meenen acting as his deputy.

Jan Steffens, the sitting CEO of both Rickmers companies, will step down on March 31 but will serve as an adviser at the Rickmers Group.

Said Rickmers Holding chairman Bertram Rickmers: "I am pleased to announce that Jan Steffens, who asked for this change of role, will continue to be with us on the advisory board and take care of special projects associated with the Rickmers Group.

"I am very happy to welcome Ron Widdows to the Rickmers Group. Mr Widdows has over 40 years' experience in the shipping industry, the last 31 years of which were with APL and Neptune Orient Lines, where he held the position of Group President and CEO."

Mr Widdows, 53, is currently the chairman of Washington DC-based World Shipping Council and is on the advisory boards of the US Merchant Marine Academy in Kings Point, New York and the International Transport Forum based in Europe. He is also a past chairman of the Transpacific Stabilisation Agreement.

Said Mr Rickmers: "Ron brings a wealth of experience in container shipping and deep relationships within the industry, with shippers, governments and the financial community to his new role. The combination of the rich history and strong brand of Rickmers and the experience of this well-known shipping professional is a very positive development in the process of further expanding our successful enterprise with a strong focus on the Asia-Pacific and American markets."


New Maersk Line CEO picks execs as group chief recovers from heart surgery
NEW Maersk Line CEO Soren Skou has announced his new executive suite while predecessor Evind Kolding moves off to a new job at Dansk Bank and the sitting AP Moller Maersk Group CEO, Nils Andersen, lies in bed recuperating from emergency heart surgery in Switzerland.

New to the management team - and Maersk Line - is Jakob Stausholm, former Group CFO of the global facility provider ISS. Also new is Vincent Clerc, responsible for Maersk Line's Asia-Europe trade as is Bill Allen, head of group HR. Lucas Vos continues as member of the executive team, but take on new responsibility.

Apart from CEO Mr Skou, the former CEO of Maersk Tankers, there is CCO Lucas Vos who comes from outside Maersk Line. COO Morten Engelstoft continues as he was. Other executives include chief strategy and transformation officer Jakob Stausholm, CFO Peter Ronnest Andersen, who continues in his current position; chief product and yield officer Vincent Clerc as well as acting head of human resources Bill Allen, who concurrently heads groupwide HR.

Said Mr Skou: "The team has the potential to take Maersk Line to the next level. Recently, Maersk introduced new products and has taken out costs. The result is that Maersk Line today has margins above industry averages. However, we have potential for much more and will continue to improve profitability, which is not satisfactory."


NOL chairman Cheng Wai Keung to retire after 10 years at the helm
SINGAPORE's global container shipping and logistics company, Neptune Orient Lines (NOL) Group, announced that its chairman, Cheng Wai Keung, will retire after its annual general meeting scheduled in April.

Mr Cheng will be replaced by Kwa Chong Seng, who was appointed to the board on January 1. Mr Kwa will assume the chairmanship when Mr Cheng retires after serving on the board for 20 years, the last 10 as chairman.

"I have seen unprecedented changes on the shipping scene in my years on the board, and I have had the opportunity to be involved in the transformation of NOL into a global premier transportation company that it is today," said Mr Cheng.

Said NOL president and CEO Ng Yat Chung: "On behalf of NOL, I thank Wai Keung for his exceptional dedication and contributions to the NOL Group all these years. Under his stewardship, the NOL Group has transformed itself into a global player in the container shipping and logistics, widely admired for its quality of service. Over the course of his impressive tenure, Wai Keung successfully led and steered NOL through the numerous industry cycles. We wish him and his family the very best in his future endeavours."

Mr Kwa is the deputy chairman of the board of directors of Temasek Holdings (Private) Limited, the state-owned conglomerate, which has a majority stake in NOL. He was chairman and managing director of ExxonMobil Asia Pacific Private Limited before retiring in October 2011. A graduate from the University of Singapore, Mr Kwa received the Distinguished Engineering Alumni Award by the National University in 1994, and the Honorary Ningbo Citizenship in 1999. In 2005, he was awarded the Singapore Public Service Star.

"It is my privilege to be able to serve on the NOL board. I look forward to working closely with the board, management and staff of NOL to enhance the interest of all stakeholders. I would like to also take this opportunity to thank Wai Keung for his legacy and will endeavour to lead NOL to greater success in the future," said Mr Kwa.


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