Diana Shipping has announced that, through a separate wholly-owned subsidiary, it has agreed to extend the present time charter contract with SwissMarine Services, Geneva, for one of its Capesize dry bulk vessels, the m/v Houston, for a period…
Dan-Bunkering (Monaco) S.A.M. has announced that Pascal Bellet and Dimitris Ardamis were recently employed as Bunker Traders. Pascal Bellet was born and raised in Monaco and graduated from the International University of Monaco in 2010 where…
The Port of Vancouver USA Board of Commissioners voted 2-1 to approve terms of employment for Julianna Marler, officially installing her as CEO/Executive Director. Marler is the first female CEO in the port’s 105-year history and one of just a handful of female port CEOs in the U…
RUSCON has significantly expanded its range of operations through the acquisition of SLG-Operating (Smart Logistics Group-Operating). SLG-Operating is one of Russia’s largest logistics companies, offering warehouse and logistics services to a wide variety of customers including Microsoft…
Work is underway at Virginia International Gateway (VIG) on a $320 million expansion project that will nearly double the terminal’s annual cargo handling capability. The project is the first of two large-scale expansion projects that, when complete…
In January 2017, following the completion of the sale of the MSC Cristina, Navios Maritime Partners repaid approximately $100 million of bank debt. Proforma for these repayments, net debt/book capitalization for December 31, 2016, has decreased to 36…
Concordia Maritime is selling the IMOIIMAX vessel Stena Important to a large Japanese financial institution. This is a sale & leaseback transaction – Concordia Maritime’s third in a short period of time. The sale price is $36 million.Delivery to the purchaser will take place at the end of March…
The Armitt Group has appointed Paul Holden as its new Finance Director.Mr Holden has over 20 years’ experience in a series of senior financial management positions most notably as Finance Director at Dobson Crowther Ltd, a specialist print and packaging manufacturer…
India can save up to USD 28 billion in infrastructure spend and another USD 3.3 billion in transportation cost if 50 per cent of overall trade moves closer to ports by 2020, PTI said quoting an EY report. The EY report 'Knowledge Paper on…
Bloomberg quoted Robbert van Trooijen, APAC CEO of Maersk Line, saying that the current year (2017) will be more profitable than the last. Post-Hanjin, ocean freight customers now stressing stability and avoiding risk to supply chains…
International energy logistics provider Peterson is to partner with Port Cameron in Louisiana to develop a deepwater staging port and supply base facility serving the Gulf of Mexico. Peterson has signed a teaming partnership agreement with…
Diana Shipping , through a separate wholly-owned subsidiary, has agreed to extend the present time charter contract with SwissMarine Services S.A., Geneva, for one of its Capesize dry bulk vessels, the m/v Aliki. The global shipping company…
The South Korean shipbuilder Hyundai Heavy Industries (HHI) has reported a net profit of KRW 682.3 billion (USD 596.6 million) for the full year of 2016, returning from a loss of KRW 1.36 trillion (USD 1.18 billion) seen in the full year 2015…
2016 ended for Wilh. Wilhelmsen with an improvement in transported volumes, which had a positive effect on total income for the fourth quarter. Adjusted for non-recurring items, WWASA also recorded an uplift in operating profit. Rate pressure continues…
Kongsberg Maritime’s training division has introduced a new virtual classroom solution to help customers reduce the time and cost investment of training on a wide range of disciplines. Designed for the pre-course preparation phase, Kongsberg…