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Global Energy Ventures appoints Thomas Soderberg as non-executive director and head of shipping

Soderberg will provide his services to the company as a non-executive director while also leading the company’s subsidiary Global Shipping Ventures Pty Ltd.

Global Energy Ventures Ltd - Global Energy Ventures appoints Thomas Soderberg as non-executive director and head of shipping
Soderberg’s company Tribini operates a fleet of ships

Global Energy Ventures Ltd (ASX:GEV) has appointed Thomas Soderberg as a non-executive director effective September 1, 2019.

Soderberg will replace Jens Martin in the director’s role and as head of shipping, the latter subject to approval at GEV’s annual general meeting in November.

“Focus on financing and construction”

GEV chairman & CEO Maurice Brand said while he had known Soderberg since 2005, outgoing director Jensen had worked with Soderberg since 1985 when both began their respective shipping careers with AP Moller – Maersk.

Brand said: “[Soderberg] … joins the board of GEV with the strong recommendation of Jens, particularly with the next phase of the company’s activities to focus on financing and construction with the selection of CIMC Raffles as construction partner.”

He added that the board was delighted with the appointment and welcomed him to the team as the company focused on delivering its compressed natural gas (CNG) projects.

Thirty years of experience in senior Asia-based management roles

Soderberg has more than 30 years’ experience in the shipping industry with first-in-class organisations like AP Moller – Maersk, HSBC, Seatankers/John Fredriksen and Armada Group.

He resides in Hong Kong and has worked in senior Asia-based management roles including director of HSBC shipping services and heading ship sales and purchases, newbuilds and alternative ship finance activities in the region, director of seatankers with John Fredriksen Group and chief investment officer of Armada Group.

Soderberg is also funder of Tribini Capital, a shipowning and investment platform which has contracted, built and financed ship newbuilds in China.

Tribini also operates a fleet of ships.

“A new class of marine CNG ships”

Soderberg said he was thrilled to be appointed to GEV’s board and looked forward to meeting shareholders at this year’s annual general meeting.

He said: “I have been a shareholder of GEV for two years and I am fully committed to working with Maurice and his team as the company heads toward the construction of a new class of marine CNG ships.”

Seamless management transition

Outgoing director Jensen’s resignation is effective August 30 and his new full-time position as head of shipping with a NASDAQ-listed integrated gas-to-power company is effective September 1 and based in Miami.

These changes provide a seamless transition in the executive management of GEV’s shipping program.

Jensen will relocate from London to Miami for the new role, with the board recognising his expertise and shipping credibility have lowered time and costs to the company.

CNG a proven solution

GEV is focused on delivering integrated CNG solutions to global gas markets, as CNG is a proven solution with design and commercial advantages, along with being safe and environmentally friendly.

The company will achieve its goal through the continued rollout of GEV’s CNG Optimum ship and maintaining global leadership in marine CNG design, while pursuing multiple CNG projects to improve the probability of success.

CNG project stakeholders will be offered flexible commercial arrangements and GEV aims to secure access to strategic gas resources as part of its integrated CNG gas supply solution.

Quick facts: Global Energy Ventures Ltd

Price: 0.061 AUD

Market: ASX
Market Cap: $23.61 m

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