Hyundai Heavy Industries (HHI) is notified by Samil PwC, a local member of the global accounting firm PwC, that its 3.5 trillion won worth management improvement plan is good enough for HHI to make operating profits and secure liquidity even in the worst case scenario…
CMA CGM NAF Lines is re-opening a regular service from Barcelona to Djen Djen on EURONAF service with immediate effect. First Departure: m/v VEGA OMICRON voy. 001OGS ETS Barcelona on July 15th, 2016, ETA Djen Djen on July 19th, 2016. CMA…
Piracy and armed robbery at sea has fallen to its lowest levels since 1995, despite a surge in kidnappings off West Africa, according to a new report from the International Chamber of Commerce’s International Maritime Bureau (IMB). IMB’s…
Despite global improvements, kidnappings are on the rise, with 44 crew captured for ransom in 2016, 24 of them in Nigeria, up from 10 in the first half of 2015. “In the Gulf of Guinea, rather than oil tankers being hijacked for their cargo…
Maritime Agenda 2010-20 has inter-alia set a target to increase percentage share of India to 5% in global ship building and 10% share in global ship repair for India by 2020. The Government of India had earlier extended shipbuilding subsidy scheme to all Indian shipyards on 25th October 2002…
Dave Brown has joined Volvo Penta of the Americas as director of commercial marine sales. In this new position, Brown will provide strategic and administrative direction and leadership to support overall segment growth. His primary focus…
Capt. Joseph J. Leonard (U.S. Navy, Ret.) has joined Huntington Ingalls Industries (HII) as corporate director of customer affairs, large surface combatant program, the shipbuilder announced. In his new role, Leonard will provide solutions…
More professional mariners than ever are coming to SUNY Maritime College for training and courses to maintain their credentials and endorsements, the college reports. The increased enrollment is being seen across the industry, as the December 31 deadline approaches to comply with the U…
C. Raymond Hunt Associates, a boat design firm that continues to expand on the legacy of its founder, C. Raymond Hunt, to produce innovative boats with rugged seaworthiness, is now celebrating its 50th year. “Ray Hunt was a genius, able…
GAC Russia said it is expanding eastwards with the opening of new branches at Nakhodka and Yuzhno-Sakhalinsk to meet demand for shipping services as opportunities open up in Far East. According to GAC Russia, this means it is the only ship…
BMT Asia Pacific, a subsidiary of BMT Group Ltd, has appointed Dr. Sukhy Barhey as Director to lead the implementation of BMT Asia Pacific’s strategy and expand its specialist service offering across the region. Dr. Richard Colwill, Managing Director of BMT Asia Pacific commented…
North P&I Club has advised its members to be extra vigilant during loading and transport of soya beans to ensure they do not get blamed for cargoes that start ‘cooking’ at sea. The advices comes in the latest issue of its loss prevention newsletter Signals…
Production from Shell's North Sea platforms will not be affected by planned strikes on Tuesday, a spokesman said. Maintenance workers employed by Wood Group on Shell's North Sea platforms will stop work for 24 hours in protest against pay cuts and tougher working conditions…
Apostleship of the Sea (AoS) in Poland stepped in to assist 59 abandoned Russian seafarers who were left in the lurch after the ship owner went bankrupt. The men were crew members of three ships - mv Vyritsa, mv Zarechensk and mv Braschaat…
Piracy and armed robbery at sea has fallen to its lowest levels since 1995, despite a surge in kidnappings off West Africa, according to a new report from the International Chamber of Commerce’s International Maritime Bureau (IMB).IMB’s…