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....
GasLog Ltd. (GLOG) named Chief Strategy Officer Paul Wogan as its new chief executive officer.
He replaces Peter G. Livanos, who has served as both chairman and CEO since the company’s initial public offering in April. Mr. Livanos will continue in the role of executive chairman.
Mr. Wogan has 26 years’ experience in the shipping industry. From 2004 to 2008 he was president of Teekay Tanker Services, which was the largest commercial business unit of Teekay Shipping. Prior to that he was CEO of Seachem Tankers. In 2008, he co-founded Sure Wind Marine Ltd., a company which provides marine services to the offshore wind farm industry.
“We are delighted that Paul Wogan has accepted the role of CEO” said Mr. Livanos. “His overall depth of business experience and strong background in the specialty shipping and tanker industry is a huge asset to the GasLog team.”
In addition, GasLog named Simon Crowe as chief financial officer, effective April 1.
Shares edged up by a penny to $12.60 in recent trading. The stock has risen 3.7% in the past three months.
Write to Saabira Chaudhuri at [email protected]
(c) 2013 Dow Jones & Company
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