Sign up
Log in Sign up
Wed 30 Nov 2011, 10:12 GMT

Baltic Oil announces directorate changes


Terminal operator appoints non-executive director, whilst another resigns.

UK-headquartered terminal operator Baltic Oil Terminals plc has announced the appointment of Louis Emmanuel Castro to the board as a non-executive director, with immediate effect.

Castro, aged 53, is a corporate finance professional who has a wealth of experience in the finance markets as well as sectors relevant to Baltic Oil.

He is currently Head of Capital Markets at Northland Capital Partners, a London based investment bank, and has over 25 years of experience in corporate finance, equity capital markets and mergers & acquisitions, both in the City and overseas.

Castro has been Head of Corporate Finance at Matrix Corporate Capital LLC and at Insinger de Beaufort. He was also previously at Williams de Broe, Price Waterhouse and SG Warburg.

Castro is a chartered accountant, qualifying with Coopers & Lybrand, having initially worked as an engineer in industry. According to Baltic Oil, he has advised a number of small and mid-cap companies most recently in the oil & gas and mining sectors.

Commenting on the appointment, Richard Healey, chairman of Baltic Oil, said: "Louis' expertise in corporate finance and long experience of helping companies with their growth plans will prove invaluable to Baltic as it seeks to fulfil its objective of becoming a significant regional player in the terminals business."

Baltic Oil has also announced that William Stanley Buck has decided to resign as a non-executive director of the company with immediate effect. Buck has served on the Baltic Oil board since August 2006, shortly after the company was admitted to trading on AIM. He is a past chairman of Dow Chemical Company UK.

"Stanley has proven a great source of expertise to the company and his counsel has been much appreciated by the board and the executive management team. Having given the company 5 years of unstinting service Stanley feels, at his age, a desire to lessen his workload. On behalf of the board, the executive team and the shareholders I would like to thank him for his invaluable input over the past five years," said Healey.

C-Flexer RoRo vessel render. Stena RoRo orders C-Flexer RoRo vessels with battery-hybrid propulsion for 2029 delivery  

Swedish shipowner places order with China Merchants Industry for next-generation vessels designed by NAOS.
IMO Technical Seminar on Marine Biofuels graphic. IMO to host technical seminar on marine biofuels in February  

Event at London headquarters will examine recent experiences and future prospects for biofuels in shipping.
Maritime Cleantech Enabling Ammonia Bunkering seminar graphic. H2SITE to present ammonia cracking technology at Bergen maritime seminar  

Spanish firm to showcase dual-environment hydrogen production system for vessels and ports at Maritime CleanTech event.
The Arctic and black carbon graphic. Clean Arctic Alliance urges Canada, Iceland and Norway to back polar fuels proposal at IMO  

Environmental coalition calls on three Arctic nations to support Denmark-led measure on black carbon emissions.
Valenciaport and Port of Santos MoU signing. Valencia and Santos ports establish green corridor to decarbonise transatlantic trade  

Ports sign agreement to promote low-emission fuels and shore power on Europe–South America route.
Green Pearl vessel. Green Pearl LNG bunkering vessel enters service in Genoa  

The 7,500-cbm dual-fuel vessel will provide ship-to-ship and ship-to-truck LNG supply services.
National stakeholder workshop in Jamaica. Jamaica explores alternative marine fuel pathways through national stakeholder workshop  

IMO-backed study examines fuel demand scenarios and infrastructure requirements for Caribbean transshipment hub.
Haugesund Knutsen vessel. Barcelona reports 3% rise in LNG bunkering volumes for 2025  

Port says it needs additional suppliers and barges so that bunkering volumes continue to increase.
Ecomar Gironde naming ceremony. Hafnia and Socatra complete four-vessel methanol-ready tanker series with final delivery  

Ecomar Gironde marks completion of dual-fuel chemical tanker quartet built at Guangzhou Shipyard International.
Isla Bella vessel. Galveston LNG Bunker Port signs vessel partnership with TOTE Services  

Agreement establishes framework for Jones Act LNG bunker vessel development on the US Gulf Coast.




 Recommended