According to AlixPartners’ inaugural study of industry performance based on an analysis of the major dry bulk shipping companies, industry revenues for the global group fell 18% from 2014 to 2015.Even more troubling was the collapse in earnings before interest…
According to the latest Carrier Performance Insight, produced by Drewry Supply Chain Advisors, the most reliable carrier in May was Orient Overseas Container Line (OOCL), which had an on-time reliability average of 81.1%, closely followed by niche carrier Wan Hai at 81…
The U.S. Senate has confirmed the nominations of three individuals to serve as Federal Maritime Commissioners: Rebecca F. Dye, Michael A. Khouri and Daniel B. Maffei. Dye and Khouri, both of whom currently serve as Commissioners, were renominated…
Trojan Battery Co., LLC has appointed John Beering to the new role of chief operating officer. Reporting to Jeff Elder, president and chief executive officer of Trojan Battery, Beering is responsible for all operations of the company including manufacturing…
General Dynamics NASSCO, a subsidiary of General Dynamics (NYSE: GD), won a contract by the U.S. Navy for the detailed design and construction of the next generation of fleet oilers, the John Lewis class (TAO-205), previously known as the TAO(X)…
A new regulation aimed at protecting seafarers who need to enter enclosed spaces, by requiring ships to carry portable atmosphere testing equipment on board, enters into force on July 1, 2016. Seafarers may be called upon to enter enclosed spaces on ships to manage or obtain equipment…
Review of U.S. Ops Reportedly UnderwayThe West Australian reported that Austal halted its shares from trading, and reportedly is in the process of reviewing its U.S. operation, Austal USA. Austal USA is best known for it construction of vessels for the U…
Brazil's state-led oil company Petroleo Brasileiro SA plans to appoint Nelson Silva, the former head of BG Plc in Brazil, as chief of strategy and management, a newly created position on its senior management committee, company sources told Reuters…
On July 1, 2016, David Pougher, Principal of Deep Consultancy, will take over the role of British Marine President from Fiona Pankhurst who has held the position since 2014. Pougher has been involved in the U.K. marine industry for over 35 years…
Xeneta, a global benchmarking and market intelligence platform for containerized ocean freight, believes that the UK’s decision to leave the European Union will impact negatively on all parties involved in the container shipping segment – from shippers…
Department of Homeland Security Secretary Jeh Johnson has appointed SUNY Maritime College professor and dean Capt. Ernie Fink to an advisory committee.Fink, who is the dean of the college’s maritime education and training department, will…
In a brand new 19,000 square foot Maritime and Industrial Training Center in New Orleans, the Delgado Fire and Industrial School offers training via a combination of Transas and XVR simulation technology. Delgado is the first training center…
The PALFINGER Group closed the acquisition of 100 percent of the shares in Herkules Harding Holding AS, i.e. the globally operating Harding Group, supplier of lifesaving equipment and lifecycle services for maritime installations and ships. The…
Scottish subsea training facility, The Underwater Center, has partnered with Bibby Offshore to provide ROV apprentices with the opportunity to gain practical, unique hands-on experience. The apprentices, who are employed by Bibby Offshore but are still too young to go offshore…
Classification society ClassNK has amended its Rules and Guidance for the Survey and Construction of Steel Ships in response to the latest industry developments, including amendments made to the International Code for the Construction and Equipment…