International accountant and shipping adviser Moore Stephens says the shipping industry must adopt a transparent, proactive approach to corporate governance or else risk exposure to business and reputational damage. Corporate governance in shipping has been in sharp focus recently…
APL, part of the CMA CGM Group, has announced the launch of the Felixstowe Express Service (FEX), a new weekly service that connects the key ports of China, Europe and Felixstowe – United Kingdom’s (UK) biggest and busiest container port. APL…
Announcing the expansion of its wire rope hoists line, Columbus McKinnon Corporation, a designer, manufacturer and marketer of material handling products, systems and services, has introduced the Yale LodeKing LT ultra‐low headroom top‐running wire rope hoist…
Diana Containerships Inc. (NASDAQ: DCIX) reported a net loss of $8 million for the second quarter of 2016, compared to a net income of $0.9 million for the respective period of 2015. Time charter revenues, net of prepaid charter revenue amortization…
Global trade enabler DP World and the state run Taiwan International Ports Corporation (TIPC), have signed a Memorandum of Understanding (MoU) for the development of Kaohsiung Port’s Terminal 7 in Taiwan. The agreement marks the beginning…
KVH Industries, Inc., (Nasdaq: KVHI), announced today that it is offering Videotel’s new safety and training video about the Zika virus free to all mariners worldwide. The goal of the program is to increase awareness of the vitally important…
In the latest stage of its national expansion, GAC Brazil has opened a seventh office to offer its shipping, logistics, bunker fuels and marine logistics at one of the country’s newest and rapidly growing port complexes, in the north of Rio de Janeiro State…
Harbor Commission President Lori Ann Guzmán was re-elected Monday evening to serve a second one-year term leading the board that oversees the Port of Long Beach, the nation’s second-busiest seaport.The five-member Long Beach Board of Harbor…
J.F. Lehman & Company, a middle-market private equity firm focused on the aerospace, defense and maritime sectors, has promoted Glenn M. Shor to Managing Director effective July 1, 2016. he firm also recently promoted David F. Thomas to Vice President and R…
The Panama Canal authority (ACP) says a Chinese container ship’s damaging scrape with the canal’s new wider locks was caused by bad weather, Reuter quotes ACP's administrator, Jorge Quijano. He said that the only problem in the last month involved a China Shipping Container Lines ship…
Russia's sixth Yasen-class nuclear submarine will be laid down at the Sevmash ship-building company in the city of Severodvinsk on July 29, reports RIA Novosti. The Navy currently possesses one Yasen-class submarine, the Severodvinsk, with…
Dubai shipping volumes - cargo handled at Dubai's ports, which includes flagship terminal Jebel Ali - fall for third quarter Gulf News reports quoting the latest DP World figures. DP World's ports in the United Arab Emirates, all located in Dubai…
Cash-strapped Hanjin Shipping Co. sources say that the negotiations with tonnage providers for lower rates are undergoing, but wouldn't say much else. According to Korea Herald, the country's No.1 shipping line has come under growing pressure…
The Fishing Company of Alaska, based in Renton, owns the 238-foot Alaska Juris that started sinking in the Bering Sea shortly before noon on Tuesday, says a report in Seattle Times. Forty-six crewmen from the Seattle-based fishing vessel…
Oilfield service provider Danos announced its 2015 Employees of the Year, Mark Doiron and Rene Vidrine. The award is presented each year to one staff member and one field employee who best embody the company’s core purpose and values. “We…