Bank of Ireland said it is winding down its shipping business, joining other banks looking to cut non-core lending and exposure to an industry suffering its worst downturn. Many European banks are already bogged down by a sluggish economy…
Intellian Technologies, Inc. announced an initial public offering of 1,450,000 common shares via the KOSDAQ, at an initial price of $17.27 per share. The initial public offering will result in roughly $26m in raised capital and a total market capitalization for the company of just below $124m…
At the UNFCCC Climate Conference (COP 22), in Marrakesh, the International Chamber of Shipping (ICS) said that the recent International Maritime Organization (IMO) agreement on a CO2 Road Map for shipping is a significant decision giving further…
Amy Beavers, USCG Licensed Master, Academic Principal and VP of Regulatory Compliance at Maritime Professional Training has passed away on November 5. Services will be held on Saturday, November 12, at 11:30 a.m. at Rio Vista Community Church…
The members of THE Alliance announced the details of the plan for their product starting from April 2017. THE Alliance plans to deploy a fleet of more than 240 modern ships in the Asia /Europe, North Atlantic and Trans-Pacific trade lanes including the Middle East and the Arabian Gulf/Red Sea…
Terex Corporation today announced that Steve Filipov will assume the role of President of Terex Cranes effective immediately. Mr. Filipov will also continue with his responsibilities as President of the Terex Material Handling and Port Solutions…
Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest port developer and operator’s, container terminal, Mundra, recently organized a trade meet at Rajkot with the intent of showcasing the capabilities of Mundra Port and recent developments thereat…
London Offshore Consultants (LOC), a leading global marine and engineering consultancy for the shipping and offshore energy industry, has boosted its presence in Singapore with two new appointments – Mark Board as Marine Consultant, and Dan Niklas Ahlgren as Naval Architect…
Woodfibre LNG, Canada's first liquefied natural gas export project, will be a 'nice-to-have' fillip for the country's gas producers but does not signal the start of a west coast LNG boom, industry watchers said on Monday. Privately held…
The ports of Long Beach and Los Angeles are partnering with shipping company Maersk Line to measure the environmental benefits of a $125 million upgrade for 12 Maersk containerships. The initiative will involve the installation of high-tech…
The commercial short sea bulk activities of traditionally shortsea ship owners Carisbrooke Shipping Ltd and Nova Marine Carriers SA will be expanded and consolidated effective January 1, 2017. Notwithstanding both groups’ commercial networking offices…
The latest Container Shipping Forecaster from Maritime Strategies International highlights the contrasting fortunes of liner operators and tonnage providers. The entire container shipping industry remains under significant pressure. Whilst…
Peter Modev, Senior Loss Prevention Executive at UK P&I Club, and the Club’s local correspondent (Pandiman Philippines) provide an update on the risks in transporting nickel ore from the Philippines.Nickel ore cargo originates principally in the Southern region of the Philippines…
ENGIE has signed a Memorandum of Understanding (MoU) with Wärtsilä, a global leader in advanced technologies and complete lifecycle solutions for the marine and energy markets to develop solutions and services in the small scale LNG business…
Maritime recruitment specialist Halcyon Recruitment has appointed David Townley as its new Operations Director in Singapore and Neal Mankey as a Principal Consultant in the U.K. Townley's expertise lies in the oil and gas and marine sectors…