The Ferguson Group announces that it has been acquired by Brambles Limited for an enterprise value of £320 million.Brambles Limited is a supply-chain logistics company operating in more than 50 countries, primarily through the CHEP and IFCO brands…
In response to the landslide that occurred in Japan’s Hiroshima prefecture on August 20, the NYK Group has decided to collect donations from executives and employees throughout the group to aid those who were affected. NYK has deep compassion…
Transocean Ltd. informs it has received a decision by the United States District Court for the Eastern District of Louisiana on phase one of litigation related to the April 20, 2010 Macondo well incident involving the Deepwater Horizon. Key…
A U.S. judge has decided that BP Plc was 'grossly negligent' and 'reckless' in the Gulf of Mexico oil spill four years ago, a ruling that could add nearly $18 billion in fines to more than $42 billion in charges the company took for the worst offshore environmental disaster in U…
Oil major BP said on Thursday it will appeal a U.S. court decision that found it grossly negligent with respect to the Gulf of Mexico 2010 oil spill and added the court will hold additional proceedings due to begin next January.BP said it…
Report explains how Dutch banking groups deal with risks involved with shipbreaking The NGO Shipbreaking Platform, a global coalition of human rights, labor rights and environmental organizations working to prevent dangerous and dirty ship recycling practices worldwide…
Cash-strapped ferry operator SNCM looks set to seek legal protection from its creditors after Europe's highest court ruled on Thursday it must pay back 220 million euros ($289 million) of French state aid.SNCM, owned 66 percent by transport group Transdev…
Government of Canada and Irving Shipbuilding Mark Installation of Last Steel in Facility to Build Navy’s New Combat FleetThe Government of Canada and Irving Shipbuilding today marked the installation of the final piece of steel frame for…
Time of bunkering process significantly reduced providing savings of thousands of dollars per day.OW Bunker has announced significant efficiency benefits following the commencement of distributing fuel oil with an MPA-approved (Maritime…
Leading provider of independent valuations, Valuation Research Corporation (VRC) says it has been engaged by the Panama Canal Authority to value the locks, dams, power plants and other structures of the canal for insurance purposes. This is VRC’s second valuation engagement with the authority…
Halliburton Co said it reached a $1.1 billion settlement for a majority of claims against the company for its role in the BP oil spill in the Gulf of Mexico in 2010.The settlement, which includes legal fees, is subject to approval by the U…
Gibdock has continued to see its stock rise amongst the German shipowner community over the past year. Indeed the Gibraltar ship repair yard’s recent client list reads like a ‘Who’s Who’ of leading German shipowners and managers, underlining…
The Board of Directors of CMA CGM Group, the world’s third largest container shipping company, met under the chairmanship of Jacques R. Saadé, Chairman and Chief Executive Officer, to review the financial statements for the second quarter of 2014…
In recent times, growing concern about the state of the world’s oceans and the impact that shipping has on quality of the air has led to ever more legislation on emissions. As such, the Institute of Marine Engineering, Science and Technology (IMarEST) and Colfax Fluid Handling…
Transportation solutions provider capitalizes on outsourcing trendInfo-X Software Technology, provider of software solutions and back-office support to U.S.-based transportation companies, introduced its newly renovated and expanded $5 million headquarter facility situated in Gurgaon…