Japan Radio Company (JRC) has announced the reaching of its 100-year anniversary in 2015. With the passing of the private radio law in Japan in June 1915, the company was founded in December of the same year as the Japan Radiotelegraph Manufacturing Company…
Egypt headquartered Maridive Group, an international offshore marine and oil support services provider, has chosen to migrate 24 of its Offshore Support Vessels to Marlink’s VSAT (Very Small Aperture Terminal) WaveCall Plus services in addition to one new build vessel…
BMT Designers & Planners, a subsidiary of BMT Group, an international maritime design, engineering and risk management consultancy, has named Rick Cox as its newest Vice President of Business Development. Cox fills a key role in the firm’s business development organization…
Hinode’s 5th Annual conference on the Outlook for bunkering and Marine Lubricants in India clearly acknowledged the fact that India was well on its way to becoming a Bunkering destination. Lack of infrastructure, duties, quality of bunkers…
Singapore sovereign wealth fund Temasek Holdings has agreed to sell its entire 67 percent stake in Neptune Orient Lines (NOL) to France’s CMA CGM, the world’s third-largest container shipper. CMA CGM will pay S$1.30 a share in cash for the 2…
The board members of China Merchants Energy Shipping (CMES) has approved of a plan to order an additional 10 eco-friendly VLCCs. These vessels will be operated by CMES’ Hong Kong-based subsidiary, China VLCC Company Limited, a tanker JV between CMES and Sinotrans & CSC Group…
Hapag-Lloyd informs about the current delay of its Mediterranean Pacific Service (MPS) – “Duesseldorf Express” due to technical Problems. 'We regret to inform you that the “Duesseldorf Express” experienced technical problems on her current westbound voyage…
Moody's Investors Service has today changed to stable from positive the outlook on CMA CGM S.A.'s B1 corporate family rating, B1-PD probability of default rating and B3 senior unsecured rating. Concurrently, Moody's has affirmed the ratings assigned to the company…
The container ship Hanjin Aqua (4,500-TEU) ran aground off Sangiang Island in Indonesia's Banten, Sundra Strait. The ship with 2303 containers on board is en route from Adelaide Australia to Jakarta, including hazardous cargo class A. Vessel…
Poland joins countries looking to tap into its natural resources, as minerals and fossil fuels become more accessible for exploitation. The Polish Information and Foreign Investment Agency (PAIiIZ) has organized and sent the first business…
Drop in commodity prices has slashed global demand for bulk carriers, pushing shipyards out of business, says Chinese news agency Caixin. Huai Jinpeng, a vice minister from the Ministry of Industry and Information Technology, which oversees…
TOTE Maritime Alaska announced that Michael Noone will assume the role of President, January 1, 2016. Noone joined TOTE Maritime Alaska as Chief Operating Officer in August 2013, bringing 28 years of experience in the shipping and logistics field…
Foss Maritime announced that John Parrott will join the Foss executive team as Chief Operating Officer (COO). Parrott comes to Foss from sister company, TOTE Maritime Alaska, where he has served as President for sixteen years. In his new role as Foss' COO…
The bodies of six oil workers missing from an Azeri oil platform in the Caspian Sea that caught fire on Friday have been found, the state energy company SOCAR said on Monday. It said a helicopter search for the other missing would continue at daybreak…
Carey Lowe has been named chief operating officer of offshore drilling services provider Ensco plc. He is based in London and succeeds Mark Burns, who is retiring from the company.Lowe has held various executive management positions at Ensco since joining Ensco in 2008…