Gerasimos (Jerry) Kalogiratos, the Partnership's current Chief Operating Officer and a director of the Partnership, will be appointed as the CEO and CFO effective June 30. Capital Product Partners has announced that Petros Christodoulou…
China Shipbuilding Industry Corporation (CSIC) and China Ocean Shipping Company (Cosco) are being probed in China’s national anti-corruption scheme, according to a report in the Reuters. The Central Commission for Discipline Inspection…
Norwegian firm Det Stavangerske Dampskibsselskab AS (DSD Shipping), and four of its employees, are now under three-count indictment returned by a federal grand jury in Lafayette, LA, all relating to alleged environmental crimes and their cover ups…
The dirty tanker market enjoyed a general improving sentiment in May for vessels in all reported classes on the back of high tonnage demand and increased activities. Clean tanker freight rates declined on average, mainly as freight rates reported on the West of Suez were weak…
A joint venture between Mitsubishi Corp subsidiary MC Asset Management and Seamax Partners has held a $300m final close for its debut fund, which will target container shipping. Seamax Partners is the manager of MC-Seamax Management Limited…
The Unites States’ 13th busiest port by tonnage received a new commanding officer Thursday at the Coast Guard Marine Safety Unit in Lake Charles. Cmdr. Monica L. Rochester, previously the chief of prevention at Coast Guard Sector San Diego…
Norwegian energy firm Statoil could lay off another 2,000 employees by the end of 2016, business daily Dagens Naeringsliv (DN) said on Friday. The decision will be finalised in the near future, after discussions with the management and representatives from the unions on Thursday…
South Wales maritime engineering company Mustang Marine has rebranded as Mainstay Marine Solutions. The Pembroke Dock based workboat, marine energy device and waterside infrastructure specialist has adopted a new name and corporate image following its first year under new ownership…
SENER has commemorated the 50th anniversary of FORAN, its CAD/CAM/CAE system for designing naval vessels and marine structures, created by SENER’s cofounder José Manuel de Sendagorta in the 1960s. Today it is the world leader in marine technology and…
India shipping trade union National Union of Seafarers of India (NUSI) informs it has been honored with the 'Best Welfare Organization of the Year - 2015' award promoted by U.K. based International Seafarers' Welfare and Assistance Network (ISWAN)…
Dauelsberg GmbH & Co. KG, a German company, was sentenced in U.S. federal court June 3 to pay a total of $750,000 in fines and community service payments for violating the Act to Prevent Pollution from Ships by intentionally discharging 1,780…
Marine ventilation leader Delta 'T' Systems expanded its roster with the appointment of Michael DeAngelo as an outside sales representative. A 26-year veteran of the marine industry, DeAngelo brings with him an extensive skill set that includes management…
In recent weeks, Survitec Group, a provider of safety equipment to the commercial marine market, has appointed Ross Wilkinson as Managing Director of the Group’s U.K. Services and Distribution business.Wilkinson was formerly Managing Director of Survitec Group's Crewsaver business…
Norwegian energy firm Statoil could lay off another 2,000 employees by the end of 2016, business daily Dagens Naeringsliv (DN) said on Friday.The decision will be finalised in the near future, after discussions with the management and representatives from the unions on Thursday…
As the annual Antarctic Treaty Consultative Meeting (ATCM) closed today in the Bulgarian capital, the Antarctic and Southern Ocean Coalition (ASOC) called the meeting’s adoption of a resolution on climate change a “missed opportunity” to…