The dry bulk operator Paragon Shipping has reached an agreement with its creditors to liquidate its remaining fleet in order to settle one of its debt obligations. The company agrees to sell its six mortgaged vessels to unaffiliated third…
Trelleborg has, through its business area Trelleborg Industrial Solutions, signed an agreement and finalized the acquisition of Loggers Rubbertechniek B.V., a Netherlands-based privately owned engineering company that provides specially engineered antivibration solutions…
Crude oil tanker company Euronav has invested to become a four-year sponsor of Sailors’ Society’s Wellness at Sea program. Wellness at Sea, which was launched in 2015, is a coaching and support program devised by the international maritime…
With the cut of a ribbon and ring of a bell, San Jacinto College marked the grand opening of the new Maritime Technology and Training Center on the Maritime Campus on March 8, 2016.The Center is located next to a turning basin along the Port of Houston at 3700 Old Highway 146 in La Porte…
The HOYER Group, a leading bulk logistics providers, has appointed GAC as its official agency partner in 17 countries in the Middle East, Indian Subcontinent and Africa. A traditional independent family business since 1946, HOYER is one…
Lindsay Blee’s new U.S. office in Florida will serve North, Central and South America Independent international bunker broker Lindsay Blee announced that it is expanding its brokering operations into the Americas with a new operation called…
The Commonwealth of Australia (CoA), Department of Defence has contracted Kongsberg Maritime to develop and deliver a new K-Sim Engine simulator model to the Royal Australian Navy’s HMAS Cerberus training facility located south of Melbourne…
MacGregor has carried out optimised cargo system upgrades for two 14,000 TEU container vessels owned and operated by China Shipping Container Lines (CSCL). The vessels have re-entered service following the upgrades, which have been designed to increase their actual payload capacity…
The National Privatization Fund (TAIPED) sources said that Greece's Court of Audit has approved the sale of a 67 percent in the Piraeus Port Authority (OLP) to Chinese Cosco, according to Kathimerini. Greek national news agency AMNA also reported…
Geneva-based Mediterranean Shipping Co SA has expanded the port rotation of its India-South Africa service by introducing a direct call at Hazira, a privately-operated cargo complex on India’s west coast, in an attempt to pick up additional hinterland cargo…
Norway is seeking partner countries for future submarine project in order to reduce cost and secure a robust submarine capability for the future, reports UPI. The current Norwegian Ula-class submarines will gradually reach their end-of-life in the 2020s…
Royal Boskalis Westminster N.V. has won a contract from the National Petroleum Construction Company of Abu Dhabi, UAE for dredging work related to the installation of an offshore gas pipeline of the Abu Dhabi National Oil Company as well as to an existing offshore gas pipeline…
What should have been acceptable ship utilisation figures last year didn’t prevent spot rates from falling to historic lows. Carriers will need to intensify their capacity management tactics in 2016 if they are to reverse the trend. The…
SAFE Boats International announced that Retired Vice Admiral William E. “Bill” Landay III has been appointed as a Director of the Board at SAFE Boats International. Vice Admiral Landay retired in 2013 after more than 35 years of naval service…
Three fishermen rescued from sinking boat off Galveston South Jetty A U.S. Coast Guard boat crew rescued three fisherman after their boat began sinking early Sunday morning near the jetty off Galveston. Crewmembers of the shrimp boat…