Finance News


Hiltwein Joins Rand Logistics as VP, CFO

May 11, 2015

Rand Logistics, Inc. has welcomed Mark Hiltwein as Vice President & Chief Financial Officer, reporting to Rand's President and Chief Executive Officer, Edward Levy.In this role,  Hiltwein will be responsible for all aspects of the company's financial management…

Promotion, Relocation at Dan-Bunkering

May 11, 2015

A/S Dan-Bunkering Ltd. has announced following staff changes.Anders Høj Sørensen has been promoted Senior Bunker Trader as of May 1, 2015. Sørensen started as a Bunker Trader in the office in Copenhagen in 2007 and has over the years displayed…

Zambelli appointed CCO, Maersk Drilling

May 11, 2015

Ana Zambelli, currently Managing Director for Subsea Operations at Transocean, will take up the role as Chief Commercial Officer (CCO) in Maersk Drilling. She will start 1 June 2015 reporting directly to CEO Claus V. Hemmingsen.Ana Zambelli…

Busiest Capesize Demolition Market Ever

May 11, 2015

The activity on the demolition market is off to a good start in 2015 when looking at dry bulk tonnage, according to international shipping association Baltic and International Maritime Council (BIMCO). The dry bulk market has long suffered…

Suezmax Tanker Market Improves

May 11, 2015

Suezmax tanker owners are among the “happiest” ones when it comes to the performance of their vessels during 2014, as well as throughout this year as well says the latest weekly report from the London-based shipbroker Gibson. For most of last year the Suezmax market outperformed VLCCs…

SSGC Shortlists Akbar Associates for Second LNG Terminal

May 10, 2015

Akbar Associates has won the bid for constructing the second liquefied natural gas (LNG) terminal in Pakistan by offering the lowest tariff of 49.87 cent per million British Thermal Unit (mmbtu) for the LNG terminal. The board of Sui Southern…

Being a Shipmaster in Europe Made Easy

May 09, 2015

From 1 June 2015, the administrative burdens imposed on the maritime industries in Denmark and the rest of Europe will be reduced through the implementation of a new electronic reporting system.'National Single Window'.This is the name…

Diana, Wilhelmsen form DWM

May 09, 2015

Diana Shipping Inc. a global shipping company specializing in the ownership of dry bulk vessels, and Wilhelmsen Ship Management (“WSM”) today announced that they have established a new 50/50 joint venture named Diana Wilhelmsen Management Limited (“DWM”)…

Near Term Outlook Mixed for Shipping

May 09, 2015

Shipping services company Clarkson PLC warned that the outlook for the industry remains mixed in the short term and dry bulk and offshore in particular present challenges. 'The near term industry outlook remains mixed and the challenges in some of our markets continue…

South Korean Okays Casinos in Cruise Ship

May 09, 2015

South Korea plans to enable its citizens and foreign tourists to wager on new cruise ship services that will serve ports around the country, reports the Korea Joongang Daily newspaper. Some major overseas cruise companies – such as Genting…

Daewoo Bags Big Maersk ULCS Order

May 09, 2015

AP Moller-Maersk has returned to South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering for its latest series of ultra-large container ships (ULCS), reports The Korea Economic Daily. The total contract to build 11 ultra-large containerships is worth US$1…

Small Businesses Excels at Long Beach Port

May 08, 2015

The Port of Long Beach this week is celebrating National Small Business Week and its own 10 years of working to encourage small companies to compete for contracts and other opportunities with the City of Long Beach Harbor Department.Last…

Montreal Readies for Peak Cruise Season

May 08, 2015

The Port of Montreal is expecting a banner year of tourism. The emergence of spring marks the beginning of a brand new cruise season, says Tourisme Montréal. With no fewer than 19 ships expected, including 5 new ones (the Oceania Marina…

Iran Releases Seized Cargo Ship

May 08, 2015

Iran released a Marshall-Islands flagged container ship Maersk Tigris and its crew has been released by Iranian authorities after the cargo company that owns it resolved a financial dispute which had been the subject of a court order. “The…

Another Megaship to Join Royal Caribbean Cruise Fleet

May 08, 2015

Royal Caribbean has ordered a fourth ship for its Quantum Class family of ships from Meyer Werft. The ship will be delivered in 2019. With two Quantum-class vessels already delivered and a third under construction, Royal Caribbean Cruises on Thursday announced plans to order a fourth…

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