On May 5, 2023, the White House announced that the Environmental Protection Agency (EPA) was “taking the next step to invest $3 billion in its Clean Ports Program to fund zero-emission port equipment and technology and to help ports develop climate action plans to reduce air pollutants, improve air quality and public health in neighboring communities, and advance environmental justice.” That “next…
“In January, grain shipments to China are estimated to fall 51% y/y, partly due to a decline in import demand for soya beans caused by low crusher margins. Although Chinese soya bean production decreased 1% y/y in 2024, inventories are high after a surge in imports in the first half of the year…
COSCO SHIPPING Ports has announced its interim results for the six months ended 30 June 2023, highlighting that total throughput increased by 2.2% YoY to 64,572,872 TEU and equity throughput increased by 1.3% YoY to 20,751,365 TEU.Revenue decreased by 2…
Crewing agency Boreas Maritime, headquartered in the Netherlands, announces the opening of a new branch in Croatia. The team has been expanded with two new, dedicated team members to run the branch in Rijeka, Croatia.The branch office will be largely focused on the offshore industry…
Austal USA promoted Christy Taylor to the newly established position of Chief Operating Officer for Transformation. She will report to Austal USA president Rusty Murdaugh, and oversee Human Resources, Production Control, IT and Supply Chain…
BIRNS announced that Steve Feng has joined the company as Financial Controller, where he will lead the Accounting team and oversee the firm’s finances and operational accounting, and as part of the corporate management and leadership team will…
ShipMoney has expanded its agreement with Bernhard Schulte Shipmanagement (BSM) to include the ship manager’s global fleet.Extending the existing agreement to the worldwide fleet reinforces BSM’s commitment to digitizing its payment processes…
Bernhard Schulte Shipmanagement (BSM) launched BSM NiumPay, a digital payment platform for its seafarers and their families to manage finances. The new payment platform provides seafarers with a multi-currency eWallet and a complimentary VISA card…
SQLearn and Moore Greece have teamed up to create online training programs in a wide range of subjects related to administration, financial management and regulatory compliance of shipping companies.SQLearn, a Greek company located in Piraeus…
Lasse Carøe Henningsen, 46, will become the new Chief Financial Officer (CFO) at Hamburg Süd, succeeding Jakob Wegge-Larsen, who has held this position since December 2017 and will be returning to Maersk in Copenhagen at the end of June. Already at the end of February 2020…
Seaspan Marine Transportation said it has appointed Linda Wortman as Chief Financial Officer.Wortman brings to this position more than 25 years of accounting and finance experience. She joined Seaspan in 2008 as Controller, Marine and was promoted to Vice President…
Belgium-headquartered manager of specialized floating assets Exmar said that China Export Credit Insurance Corporation (Sinosure) approved the release of $40 million from the debt service reserve account under the TANGO FLNG loan facility.The…
Seafarers employed on Tsakos-owned vessels operated under its management arrangement with Columbia Shipmanagement will now be paid electronically as opposed to by ‘Cash-by-Master’, under an agreement signed with ShipMoney.The deal means crew…
The Wilhelmsen group recorded a $29 million net profit after non-controlling interests for the first quarter of 2019. Increased share of profits from associates and net financial gains more than offset a reduction in adjusted EBITDA when compared with the previous quarter…
Crowley Maritime Corp. has announced that Sandra Goranovic has been promoted to vice president of finance and accounting for its Crowley Shipping business unit.In her expanded role as part of the Crowley Shipping leadership team, Goranovic will…
