The Union Cabinet of India, chaired by the Prime Minister, Narendra Modi has approved the Major Port Authorities Bill, 2016, a move aimed at bringing greater efficiency and professionalism in governance of ports through full autonomy in decision…
Dr. Andrew Garrad, the co-founder of Garrad Hassan, has announced he will retire from DNV GL on December 23, 2016. Following the merger between DNV and GL Garrad Hassan two years ago, Andrew ceased to play an active operational role in the company…
Ocean freight rates for cargo moving under contracts on the major East-West trade routes saw a reversal of trend in 4Q 2016, according to Drewry’s Benchmarking Club, a closed user group of 50 multinational retailers and manufacturers who closely monitor their contract freight rates…
Pelican Products, Inc. has appointed Phil Gyori as Group President. Bringing several years of executive and management experience to the new role, Gyori will report to CEO, Lyndon Faulkner work and head all three of Pelican’s divisions. Gyori…
GOST (Global Ocean Security Technologies), celebrating its 10th year in marine security, tracking, monitoring and video surveillance systems, announced that Brian Gifford has been tapped for the role of GOST National Sales Manager. A 30-year marine industry veteran and NMEA MEI…
According to the Port of Los Angeles, containerized cargo flowing through the port surpassed all-time volumes for a Western Hemisphere port for the second consecutive month. Port of Los Angeles terminals processed 877,564 Twenty-Foot Equivalent Units (TEUs)…
The Port of Long Beach said shifting alliance routes and the Hanjin bankruptcy continued to affect its volumes in November, when container traffic was 13.8 percent lower than the same month last year. A total of 534,308 twenty-foot equivalent units (TEU) were moved through the harbor last month…
South Carolina Ports Authority (SCPA) reported its strongest November container volumes on record. SCPA handled 175,217 twenty-foot equivalent units (TEUs) in November, a year-over-year increase of 14 percent. Previously, SCPA's strongest November on record was 163…
Huntington Ingalls Industries (HII) announced that Adm. Kirkland H. Donald, U.S. Navy (Ret.), has been elected to its Board of Directors, effective Jan. 1, 2017. Donald retired from the U.S. Navy in 2013 after 37 years of service. In his last assignment as the director…
Simon O’Connell takes up the appointment of Senior SOLAS (Safety of Life at Sea) Market Manager at Ocean Safety, focussing on sales to customers in the international maritime and offshore sectors of SOLAS approved safety products. Ocean Safety…
Singapore-headquartered Gaylin, a specialist supplier of lifting, rigging and marine equipment primarily to the oil and gas industry, has opened a new facility in Busan, South Korea. Gaylin will co-locate at a purpose-built, 3,967 square meter site with Phoenix Offshore Co…
Samudera Indonesia has appointed Rickmers Shipmanagement, which belongs to the Rickmers Group, as the new Technical Manager of two supramax bulk carriers including their crewing. Samudera Indonesia is one of Indonesia’s largest liner companies…
Swedish ferry operator Stena Line has renewed its planned maintenance agreement with MacGregor, part of Cargotec. Stena Line has held MacGregor Onboard Care (MOC) agreements since 2008 and its latest contract takes the number of RoRo vessels covered to 39…
The global shipping industry will hit a credit crunch if proposed new bank capital rules are implemented in a sector already weighed down by toxic debt, bankers involved say. The Basel Committee of banking supervisors from nearly 30 countries…
The Phase II North container terminal expansion project, launched in the first quarter of 2015, is now more than 75 percent complete and is on schedule to increase annual capacity at Prince Rupert’s Fairview Container Terminal to over 1.35 million TEUs by the third quarter of 2017…