rss icon Subscribe
desktop mobile

Performance Shipping Appoints Dy CEO

Symeon Palios, Chairman and Chief Executive Officer. Photo: Performance Shipping

Shailaja A. Lakshmi

Performance Shipping, a global shipping company specializing in the ownership of vessels, announced that its board of directors has unanimously appointed Andreas Michalopoulos to the position of Deputy Chief Executive Officer, effective immediately.

Michalopoulos, who is presently the Greek company's Chief Financial Officer and Treasurer, will retain such position for the time being.

While it is expected that Michalopoulos will eventually succeed Symeon Palios as Chief Executive Officer, Palios' active role as Chief Executive Officer and Chairman of the Performance Shipping will be unchanged in the near term.

Commenting on the appointment, the Chairman stated: "I share the Board's view that Andreas is well qualified to assume the position of Chief Executive Officer of the company in the future."

"Having served as Chief Financial Officer and Treasurer since the Company's founding in 2010, he is uniquely familiar with the business and operation of the Company and upon my eventual retirement as Chief Executive Officer, I am confident he will lead the Company through its next stage of development. I also applaud the Board for taking today's action and recognizing the importance of a measured transition process," he added.

Oct 31, 2019


People & Company News

Ocean Yield Adds LR2 Tanker Trio

Image:  Ocean Yield ASA

Norwegian ship owner and operator Ocean Yield ASA has taken delivery of three long range 2 (LR2)

DNV GL and Huangpu-Wenchong Sign JDP

Photo: DNV GL

DNV GL entered into a Joint Development Project (JDP) with Huangpu-Wenchong Shipbuilding Company

Port Operator ICTSI to Double Capacity at Congo Terminal

© Mike Mareen / Adobe Stock

Philippines-based port operator International Container Terminal Services Inc. (ICTSI) will more


Milorad Doljanin New CEO of Avenir LNG

Milorad Doljanin. Photo: Avenir LNG

UK-based small-scale liquefied natural gas (LNG) supplier Avenir LNG announced that Milorad

Havyard Group Taps Larsen as CEO

Gunnar Larsen will serve as interim CEO until a permanent replacement is hired (Photo: Havyard Group)

Norwegian offshore and fishing vessel builder Havyard Group said Gunnar Larsen will serve as

Joseph Angelo Awarded Global Maritime Prize

Pic: International Maritime Organization (IMO)

The prestigious International Maritime Prize for 2018 has been presented to Joseph J.

Maritime Apps