The state-owned infrastructure group China Communications Construction Corporation (CCCC) has established CCCC Dredging at Shanghai’s Free Trade Zone. CCCC Dredging is the first of a series of planned spinoffs as it develops into a holdings company with subsidiaries across various sectors…
India's largest private shipbuilding company ABG Shipyard is in talks with Privinvest Holding SAL to sell stake. A report says that Privinvest is expected to acquire up to 49% stake in ABG. A report in the ET NOW says both the companies…
Just two months after hitting an all-time high for monthly container volume in March, the Virginia Port Authority did it again. In May, the port moved 230,511 containers as measured in standard 20-foot units, or TEUs, a 13 percent increase from the same month a year ago…
Funding used to upgrade aging server, computers Thanks to a donation from global ship vetting specialist RightShip, Seafarers’ House has been able to replace its aging server and four computers – all of which are critical to the nonprofit’s communications…
The Swedish Club announced the appointment of a new Chief Financial Officer, Mikael Kromli, who will take up the position on June 15, 2015 and will be based in Gothenburg. Kromli, a Swedish national, brings with him experience in the corporate finance field…
Stolt-Nielsen Limited and Golar LNG Limited have formed a 50/50 joint venture to pursue opportunities in small-scale LNG production and distribution, the companies announced today. Stolt-Nielsen Limited has invested in Golar LNG through open-market purchases…
JP Morgan has hired James Janoskey, Credit Suisse's European Energy Group head, to lead its oil and gas team in Europe, the Middle East and Africa, according to a memo seen by Reuters.Janoskey will join the investment banking division, reporting to Laurence Hollingworth…
Mitsubishi Heavy Industries, Ltd. (MHI) has developed a new series of centrifugal chillers, dubbed the 'ETI-Z Series,' adopting a new refrigerant, HFO-1233zd(E), that offers outstanding environmental compatibility. The various models in the…
MSC has announced plans to optimise all of its Asia-Europe services. The changes, which will be implemented progressively over the coming months will include: port combinations, vessel rotations and capacity deployment.Since the launch of the new Asia – Europe network in January 2015…
China’s total international shipping volume will reach 6.2bn tons, which will account for 17% of the world’s shipping volume, says 2030 China Shipping Development Outlook report published by the Shanghai International Shipping Institute. Container…
Shipping is the premise for international trade and has always been an international industry. A central driver for the global shift has been the operational and technological development of the shipping industry, which has lowered transportation costs dramatically…
Companies struggle to balance cost-cutting with skills retention.If you can’t accept the rollercoaster of employment that is the offshore industry, adding and shedding jobs like clockwork through its cyclical ups and downs, don’t get on for the ride…
Glander International Bunkering has announced that Dowell Lin has advanced to Senior Bunker/Lubricant Trader & Team Leader for the Singapore office. Lin began his career with Glander International Bunkering as a Bunker & Lubricant Trader…
Dan-Bunkering Ltd. has announced that Elena Hauser has been employed as Bunker Trader & Area Specialist Russia in the company’s head office in Middelfart, Denmark, as of May 1, 2015. Hauser who is originally from Russia has been in the bunker business for the past eight years…
The head of Greece's biggest port Piraeus will step down, a statement said on Wednesday, after the port was once more named as a target for privatisation in the country's cash-for-reforms negotiations with international creditors.Chief Executive Yiorgos Anomeritis has headed the port since 2009…