• 2019 June 10 11:59

    Mindaugas Jusius, CEO of KN, decided to leave the organization

    Mindaugas Jusius, CEO of KN (AB Klaipėdos nafta), the operator of oil products and liquefied natural gas terminals, decided to leave the organisation for personal reasons. The Board of KN was officially informed about the resignation from the office. Mindaugas Jusius will act as CEO of KN until the end of July.
     
    Mindaugas Jusius was appointed as CEO of KN at the beginning of 2017. Before that, he was an independent member of the Board of the company, also worked at KN Audit Committee.
     
    “It was a tough decision to make as I have been cooperating with KN for almost ten years and I am proud of the results achieved by the company. Over the last two years alone, there have been several significant changes that have led to sustainable future growth. Strategic projects are already delivering tangible results. In July, an important phase of Klaipėda LNG terminal project will be implemented and it will allow us to reduce the cost of security of supply for consumers and provide the basis for a long-term LNG supply to the region. In May, an important stage of development of Klaipėda oil terminal was completed - an additional tank park was launched thus expanding the possibilities of oil product reloading. In addition, KN strategy for the next decade will be approved by the end of the summer. Together with the team we have achieved important organisational changes that have contributed significantly to the reputation of KN as an employer. Currently KN is a strong, modern and competitive organisation. The decision was not easy, but I think it is the best time for this kind of change, so that newly appointed CEO of the company could start with the new development stage of the company,” Mindaugas Jusius explains his decision to change the career direction. In future he plans to focus on developing various new business ideas.
     
    According to Giedrius Dusevičius, Chairman of the Board of KN, a highly competent team will ensure that the organisation successfully fulfils its goals and shareholder expectations.
     
    “Of course, on behalf of the Board, I would like to thank M. Jusius for his sincere and strong leadership in the company. The company employs excellent employees, competes very successfully in the oil product transhipment market, actively develops the business infrastructure, boldly goes into the global LNG infrastructure market. The company’s business is not only stable but also promising as the long-term strategy is currently being finalized. Decision of M. Jusius is understandable, and we will launch a selection process of the candidate for the position of KN CEO soon,” says Giedrius Dusevičius.
     
    The Board of KN plans to begin an open selection procedure for the position of CEO of KN soon. The selection process will be conducted in accordance with good governance practices for selecting top management.
     
    “His activities will lead to high expectations from the new CEO. KN is a strategic company, so the new CEO will have to ensure not only the continuity of activities and ongoing projects, but also to take on even greater challenges - to establish the company in the global market by developing and operating LNG terminals,” notes Žygimantas Vaičiūnas, Lithuanian Minister of Energy.
     
    According to the Minister, not only the effective management of the new stage of activities, but also the orientation towards high added value for all shareholders will be expected from the new CEO of KN.




2019 June 25

09:46 MABUX: Bunker market this morning, June 25
09:16 Baltic Dry Index is up to 1,258 points

2019 June 24

18:05 Training Montenegro to combat oil spills
17:50 Four cruise ships visit the Port of Riga at the same time
17:27 Finnish Government proposes supplementary appropriation of EUR 40 million for basic infrastructure management
17:05 Austal delivers third guardian class patrol boat to the Australian Department of Defence
16:47 Incat Crowther announces contract to design a 65m catamaran passenger ferry
16:46 Construction and operation of dual-fuel ships has low economic efficiency – USC President
16:45 Maersk Drilling completes sale of jack-up Mærsk Giant
16:24 USC set to build floating electricity-generating facilities running on LNG supplied by bunkering ships
16:03 Van Oord and Mammoet enter into cooperation with scale-up Verton
15:45 United Shipbuilding Corporation to launch the first LNG-powered ferry for Ust-Luga – Baltijsk line in late July
15:30 United Shipbuilding Corporation establishes USC-Propulsion and USC-Interior subdivisions
15:03 MOL signs deal on a long-term charter contract to utilize "MOL FSRU Challenger" for Hong Kong Offshore LNG Terminal Project
14:42 New USC Vice-President, Civil Shipbuilding, to get into office on 10 July 2019
14:21 USC expects its Astrakhan cluster to build 12 river-sea class ships per year
14:03 Yang Ming announces new China-Thailand direct service
13:37 Port of Rotterdam Authority to collaborate with four new companies
13:25 Igor Vasilyev appointed as Acting General Director of FTI Rostransmodernizatsiya
13:02 ARIES gained ABS Certification: Middle East 1 st Remote Inspection Techniques specialist
12:20 BC Ferries releases year-end results
12:10 Keel laid for the first of Damen’s revolutionary new FCS 7011 Crew Change
11:56 Average wholesale prices for М-100 HFO down to RUB 15,377 in RF spot market
11:29 FESCO to launch new container train to China via Far East overland route
10:58 Southern Center of Shipbuilding and Ship Repair acquired property of Krasniye Barrikady plant
10:35 Satti floating drilling unit owned by Kazmortransflot delivered to Azerbaijan
10:13 Throughput of Chinese ports grew by 4.1% to 5.5 billion tonnes in Jan-May’2019
09:53 MABUX: Bunker Market this morning June, 24
09:52 Brent Crude futures price is up 0.4% to $64.71, Light Sweet Crude – up 0.68% to $57.82
09:34 Container throughput of port Hong Kong (China) down 7.7% to 7.55 million TEUs in Jan-May’2019
09:17 Baltic Dry Index is up to 1,239 points

2019 June 23

16:29 INPEX submits revised plan of development for Abadi LNG Project
15:13 Oceanwide Expeditions: Hondius sister ship m/v Janssonius ordered for 2021
14:19 CMA CGM announces FAK rates on Asia - Pakistan, India and Sri Lanka service
13:46 Coast Guard rescues five from capsized boat in Chesapeake Bay
12:43 Danske Commodities signs 20-year PPA with Hywind Scotland wind farm
10:29 TMC sets up office to support Chinese yards

2019 June 22

15:24 AAPA selects Christopher Connor as its new CEO
12:37 TMC contracted by VARD to supply marine compressors for Viking Cruises' vessels
11:23 ABS to class first ‘tri-fueled’ vessel for Harvey Gulf
10:13 Port of Oakland steps up as ships carry bigger loads than ever
10:05 Coast Guard responds to barge aground in Naknek, Alaska

2019 June 21

18:07 Austal gets Navy's modification to littoral combat ship contract
18:04 MODEC awarded Letter of Intent by Petrobras related to Búzios 5 FPSO
17:58 Frontline announces acquisition of VLCC resale and two LR2 newbuildings
17:56 BC Ferries adds extra sailings for the summer
17:55 Maritime Anti-Corruption Network to develop Global Port Integrity Index and Scale Up Collective Action in West Africa
17:37 Siemens Gamesa receives first offshore wind preferred supplier nomination in Japan: up to 455 MW for Obayashi Corporation
17:12 Krasnoye Sormovo launches final RSD59 ship in a series four units ordered by STLC
16:38 Ships of RF Navy’s Pacific Fleet involved in exercises in the Sea of Japan
16:26 Government of Canada enters into negotiations with Chantier Davie for construction of two ferries
16:14 Standic expands with state-of-the-art chemical storage terminal in Port of Antwerp
15:50 Klaipedos Nafta announced call for Chief Executive Officer
14:27 Safety management training takes centre stage
14:26 USCG says Polar Security Cutter to be homeported at Seattle
14:03 Maersk to offer customers carbon-neutral transport
13:35 LUKOIL’s dividends payable for 2018 will be RUB 250 per ordinary share
13:15 Anthony Veder expands fleet with taking in five gas carriers from GATX
13:12 HELCOM’s Executive Secretary to step down in August 2019
12:48 Novotrans acquired stevedoring company operating Ro-Ro ferry facility at the port of Ust-Luga