Port of Ystad saw record breaking traffic numbers in 2015, retaining the port’s position as Sweden’s third largest ferry passenger port. The largest increase was in bus traffic, which increased by 30,7 % compared to 2014. “The numbers from…
Global commodities trader Cargill will close its London shipping office in another sign of the worsening crisis battering the dry freight market, the company said on Thursday. Financial markets have been in turmoil since the start of the year due to worries over the health of the world economy…
MetOcean Data Systems has appointed Emily MacPherson as Director of Sales, MetOcean Systems.In the new position, MacPherson will be responsible for expanding sales opportunities and managing the day-to-day responsibilities of the company’s sales team…
Southwestern Energy Co said it would lay off 1,100 employees, or nearly 40 percent of its workforce, as it slows down drilling activity in response to a prolonged slump in oil prices.Oil futures dropped to their lowest levels since 2003…
Capital Product Partners L.P. a Marshall Islands master limited partnership and an international owner of modern tanker, container and drybulk vessels today announced that its board of directors has declared a cash distribution of $0.2385 per…
The U.S. Navy on Wednesday launched its first carrier strike group powered partly by biofuel to conduct operations in the Pacific. The 'Great Green Fleet' warships powered by alternative energy is a milestone toward easing the military's reliance on foreign oil…
Top luxury cruise line Regent Seven Seas Cruises says it's investing $125 million to renovate three of its ships. Beginning with Seven Seas Navigator (built in 1999) this spring, the public spaces and suites of the Regent fleet will be updated to match the style of the new Seven Seas Explorer…
US Navy has christened its Virginia-class attack submarine, SSN 801, as the USS Utah in honour of the history its namesake state has had within the navy. The attack submarine is the second naval vessel to have been named after Utah, with the first being the battleship BB-31…
India has come “under pressure” from Iran to complete the Chabahar Port project, with the lifting of Iranian trade sanctions, reports Hindu Business Line. Acting strategically to China’s repeated attempts to wean away India from Chabahar Port upgradation…
Amid political rivalry between the Islamic Republic of Iran and Saudi Arabia, United Arab Shipping Company (UASC) is resuming business with Iran following the lifting of Western sanctions, reports Reuters. Saudi Arabia is one of the shipping line's main shareholders…
Huangpu Wenchong Shipbuilding has secured newbuild contracts for a 17,000dwt asphalt carrier and a 38,800dwt bulk carrier. The eco-friendly bulk carrier is scheduled to be delivered from the shipyard by end-2017. Financial details of the deal were not disclosed…
Marine engineering apprenticeship program will create greater access to education and training in maritime and advanced manufacturing fields Foss Maritime announced today a partnership to establish the curriculum for a new marine engineering apprenticeship program…
Evergreen Group founder and Group Chairman Dr. Yung-Fa Chang passed away at the age of 88 in Taipei on January 20, 2016.Dr. Chang was born in 1927. He founded Evergreen Marine Corporation in 1968 with just one secondhand general cargo vessel…
Global Diving & Salvage, Inc. has hired Mike Brown as Vice President of Energy Services, working from the company’s Houston office. In his new position Brown, will focus his efforts to increase Global's position in the domestic and international…
Facing one of its worst crises in a generation, the oil industry is trying to open up - to women. Even when oil was selling at above $100 a barrel, most of the industry's top executives said they struggled to find and retain young talent…