High Shipping Costs Are Here to Stay, Says Bloomberg
By Henry Ren (Bloomberg) Stubbornly high shipping expenses for businesses are getting sealed into contracts for the next 12 months, forcing companies to pass the extra costs on to consumers....
After 13 years with Teekay (NYSE:TK), Graham Westgarth, Teekay’s EVP for Innovation, Technology and Projects, has announced his intentions to resign from his post, effective 31 December 2012.
Peter Evensen, Teekay’s President and Chief Executive Officer said, “I was sorry to hear from Graham Westgarth that he has decided to move on from Teekay.” Mr. Evensen continued, “Graham has been an instrumental part of Teekay’s growth. He is a reflection of what Teekay is today – a leader with a reputation for operational excellence and integrity.”
Graham Westgarth remarked, “My time with Teekay has been exciting, intellectually stimulating and professionally rewarding. Having said this, I feel the time is right to move on, and seek opportunities where I can best bring my operational knowledge and experience to bear.”
Mr. Westgarth joined Teekay in 1999 as Vice President, Marine Operations. In 2003, Mr. Westgarth was appointed President of Teekay Marine Services division, with a responsibility for the marine and technical operations of Teekay’s fleet, and also newbuild construction. During this time, Mr. Westgarth was the elected Chairman of the International Association of Independent Tanker Owners (INTERTANKO). In 2011, he assumed his new role as Executive Vice President for Innovation, Technology and Projects.
Mr. Westgarth has 40 years of industry experience, which includes 18 years of sea service, with five years in a command position.
Teekay has appointed Chief Strategy Officer and Executive Vice President, Kenneth Hvid to assume Mr. Westgarth’s portfolio of responsibilities.
gCaptain’s Rob Almeida spoke with Mr. Westgarth in March 2012, to read his interview, please follow this link: http://gcaptain.com/executive-perspective-shipping/
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