In a meeting in the Corporate Assembly of Statoil ASA, Svein Rennemo was re-elected as chair and Grace Reksten Skaugen as deputy chair of the board of directors.Bjørn Tore Godal, Maria Johanna Oudeman, Jakob Stausholm, Catherine Hughes and…
Morgan Stanley's head of crude oil trading in New York, Tom O'Connor, resigned last week, a person familiar with the matter said.O'Connor was a managing director who ran the New York crude oil trading desk. He joined Morgan Stanley in 2000 as an associate…
In 2011, the U.S. ocean and Great Lakes economy produced $282 billion in goods and services and employed 2.2 percent of the nation’s workers—that’s more than twice the percentage of workers in the U.S. agriculture industry. This fact and many…
LNG engineering company GTT, listed on the compartment A of Euronext Paris since February 27, 2014, announced its integration into the French stock market index SBF 120.On June 5, 2014, the Expert Indices Committee of Euronext decided the…
Domestic Maritime Industry Worth More than $9.6 Billion to Florida Economy.Florida ranks second among all states in domestic maritime jobs, according to a new study by PricewaterhouseCoopers (PwC) for the Transportation Institute and released by the American Maritime Partnership (AMP)…
How has the seafarer supply changed in relation to the wider changes in the size of the world merchant fleet? Drewry's latest Manning report tackles the question, and also provides forecasts up to 2018 in a new publication on sale now.Contents…
Greek shipowners are not only the most active nation when it comes to sales and purchases, they are also investing the most in newbuilding contracts, BIMCO reported. Since 2010, contracts made by owners in Greece total $51 billion (USD), consistently dwarfing the likes of Norway and China as buyers…
Valletta Cruise Port plc the operator of the Valletta Cruise Terminal and of the Valletta Waterfront announces the appointment of Stephen Xuereb as the Chief Executive Officer of the Group with effect from June 1, 2014. Xuereb succeeds John…
His Excellency Khamis Juma Buamim, Chairman of Drydocks World & Maritime World received the Award for Excellence in Shipyard Management for Offshore Services at the First International Marine Club (IMC) Golden Helm Excellence Awards (2014)-Middle…
BMT Group Ltd (BMT) has announced a solid financial performance for the year to September 30, 2013. Although market conditions have been challenging, BMT secured revenues of £163.3m, an increase of 5% year on year, with underlying operating profits of £11…
The Mexican Attorney General's office has ordered the arrest of the chief executive of oil services company Oceanografia, which is at the center of a fraud probe involving Citigroup Inc's local unit Banamex.Oceanografia CEO Amado Yanez is…
During a recent tour of northeast England, Lord Livingston, the UK’s Minister for Trade and Investment, visited the Gateshead headquarters of Seacurus which, in April 2013, launched CrewSEACURE, the first ever insurance policy designed exclusively…
John Mack, a former chief executive and chairman of Morgan Stanley, has left the board of Russia's top oil producer, Rosneft, for personal reasons, the Kremlin-controlled company said on Thursday.The departure of Mack, aged 69, after less than a year on the board…
Scott B. Miserendino, Sr., 55, a former government contractor who performed work for the United States Navy Military Sealift Command , and Timothy S. Miller, 57, a businessman whose company sought contracting business from the Military Sealift Command…
Suppliers without liquidity will lose out to financially robust organizations offering better terms. Dynamic Oil Trading has highlighted liquidity and credit as the single biggest challenge in the shipping industry when it comes to fuel supply…