French oil major Total on Wednesday appointed refining head Patrick Pouyanne as chief executive and former CEO Thierry Desmarest as non-executive chairman.The nominations at the head of the world's fourth-largest integrated oil company came…
The CKYHE Alliance (COSCO, 'K' LINE, Yang Ming, Hanjin Shipping, and Evergreen Line) has announced they will expand their cooperation scope to U.S. Trades and CKYHE files an Agreement and reports to related regulators to comply with their regulations…
Private jet collided with snow plow during takeoff; Total's CEO a defender of Moscow policies. Insiders Boisseau and Pouyanne long seen as potential successors.The chief executive of French oil major Total, Christophe de Margerie, was killed…
The Safariland Group, a global provider of safety and survivability products designed for the public safety, military, professional and outdoor markets, announced that Chad Appleby has joined the company as the Vice President, Tax based in Jacksonville…
Nordic American Offshore Ltd. announced that its Board of Directors has declared a dividend of $0.45 per common share for the 3rd quarter 2014. This is the same as for the 2nd quarter 2014. The payment of dividend is expected to take place on or about November 21…
Venezuela's 2015 budget will be based on a target oil price of $60 dollars per barrel, President Nicolas Maduro said on Friday night, but he repeated expectations that prices will recover.Venezuela routinely underestimates oil prices…
Yara International ASA and CF Industries have terminated their discussions regarding a potential merger of equals transaction. 'This has been a constructive process, with solid work by both parties. We were able to identify significant structural and operational synergies…
Tropical Storm Ana strengthened into a hurricane on Friday and was moving in the direction of Hawaii but was not expected to make a direct hit on the islands, the U.S. National Hurricane Center said.It said Ana had maximum sustained winds…
DEME’s marine engineering specialist GeoSea acquires offshore assets of HOCHTIEF, one of Germany’s leading international construction groups. HOCHTIEF is selling offshore assets to marine contractor and long-term partner GeoSea. GeoSea has…
Ophir Energy's chief financial officer, Lisa Mitchell, will leave the company on Nov. 19 after her job was made redundant as part of a cost-saving reorganisation of the board announced in August, the company said on Friday.The oil explorer…
Crude price drop and dollar strength benefit TEN’s bottom line materially; third quarter financial results to be announced on November 21, 2014Crude, product and LNG tanker operator Tsakos Energy Navigation Ltd. (TEN) said today it believes…
Eagle Bulk Shipping Inc's shares shot up to as much as $15.46 from 68 cents as the company cut its borrowings by about 80 percent after converting debt into equity under a financial restructuring program.The stock was the top percentage gainer on the Nasdaq…
Minister for Transport, Tourism and Sport Paschal Donohoe T.D., announced today that he has agreed arrangements with his U.K. counterpart, Minister John Hayes MP, for light dues paid by ships coming into ports in Ireland and the United Kingdom from April 2015…
A review of the ferry industry’s latest challenges and opportunities attracted a record 340 delegates to Vancouver last week for the 39th annual Interferry conference. The global trade association event exposed a string of concerns – notably…
Cruise tourism set a new record in Gothenburg this year. From April to October, 73 cruise ships visited Gothenburg, carrying 110,000 visitors. In total, cruise tourism generated around SEK 60 million in pure tourist revenue for the city.Cruising…