The Coast Guard Foundation, a non-profit organization committed to the education and welfare of Coast Guard members and their families,announced today its support of a new playground at Coast Guard Air Station Houston. Located at one of the busiest Coast Guard bases in the country…
Finnish cargo-handling machinery maker Cargotec announces savings measures in its subsidiary MacGregor to respond to the weakening market situation due to the low oil price and low number of new merchant ship orders. Cargotec is laying off some 220 employees globally at its MacGregor business…
Cowes Harbour Commission (CHC) has announced the appointment of two new commissioners, Chris Preston and Jonathan Gillespie, and the reappointment of David Riley as a commissioner, for terms of three years from May 1, 2015 to April 30, 2018…
Many investors are asking questions about the dynamics of the tanker market and asked us to confirm their views on vessel utilisation across the tanker market.This answer is very much linked to how supply and demand balance one another in a bulk tramping market…
D'Amico International Shipping has ordered two new long range one product tankers, to be built by Vietnam’s Vinashin Shipyard Co for about $44m each. The tankers are expected to be delivered mid-2017. The 75,000-dwt eco-LR1 product tankers will be built in Vietnam by Vinashin Shipyard…
Scorpio Bulkers has agreed to sell two new capesize bulk carriers and an ultramax for a combined $111m to an unknown buyer. The two capes are currently under construction in China and in South Korea, and will be delivered between Q3 2015 and Q2 2016…
Marine works involving dredging operations will be carried out near the Hong Kong Coliseum, Hung Hom for the next ten months, according to mardep.gov.hk. The works will be performed by one grab dredger and one hopper barge. One tug and one workboat will provide assistance…
Dan-Bunkering (Singapore) Pte. Ltd. Shanghai Rep. Office announced that Vivian Yu has been employed as Finance and Administration Manager.Joining the company March 16, 2015, Vivian Yu contributes more than 12 years experience within finance to the office in Shanghai.
Golden Ocean Group Limited has entered into several agreements concerning its fleet.Golden Ocean has agreed with Ship Finance International Ltd ('Ship Finance') a sale leaseback transaction of eight Capesize vessels currently owned by Golden Ocean…
Oslo-listed Norwegian Car Carriers (NOCC) has signed a contract with Hyundai Samho Heavy Industries for the construction of two 6500 ceu Pure Car Truck Carrier (OCTCs). Delivery from the South Korean shipyard is scheduled for between the fourth quarter 2016 and first quarter 2017…
ExxonMobil today announced $10 million in new grants to mark World Malaria Day, continuing the company’s 15-year commitment to fighting a disease that is preventable and treatable, yet still kills more than half a million people annually…
More than 100 cargo owners, trucking firm leaders, longshore labor, marine terminals and other goods movement industry representatives turned out Wednesday for a joint meeting hosted by the ports of Long Beach and Los Angeles to gather input…
Navios Group has agreed to acquire another 14 vessels from HSH Nordbank in the second major distressed fleet deal between the two parties in the past two years. HSH Nordbank and the Navios Group have signed a binding letter of intent for…
The Hamburg-headquartered shipping line Hamburg Süd was hit by the economic downturn on the carrier's key markets in Brazil, Argentina and Venezuela. The modest 2 percent increase in cargo volumes is attributed to the less-than-expected…
Cyprus is pushing ahead with the privatisation of its ports as part of the nation’s rehabilitation plans which will see a number of state-run entities turned over to the private sector. The Council of Ministers approved amendments to the…