Though the Danish conglomerate AP Møller-Maersk posted higher-than-expected earnings, it has cut its forecast for global trade growth and abandoned several medium-term profit forecasts, as per a report in FT. Maersk overcame low oil prices…
President Barack Obama is traveling to Alaska in late August to visit the front lines of climate change, which he called 'one of the greatest challenges we face this century'. He'll speak to a global Arctic leadership summit in Anchorage and also travel north to the Arctic…
A new report released today by Oil Change International and Greenpeace USA details a clear case against drilling for oil in the Arctic ocean based on climate science imperatives. The report, “Untouchable: The Climate Case Against Arctic Drilling…
Pon Holdings BV will take over part of the bankrupt Royal Imtech, a leading company in the global maritime market. Dutch engineering services company Imtech Marine will continue to operate independently after the acquisition. Parcom Capital is also partnering in this acquisition…
Chiness president Xi Jinping promised a “thorough investigation” after huge explosions in the world’s 10th largest port- Tianjin - killing at least 50 people and disrupting operations. The Chinese government faces pressure to reveal the mystery chemical or explosives…
The Port of Virginia handled 226,000 TEUs in July, the highest amount ever recorded for that monthly period in the port''s history. The Virginia Port Authority, which operates terminals in Portsmouth, Newport News and Norfolk, reported Thursday that 225…
Italian builder Filippetti Yachts has unveiled the brand new Navetta 35 design. The new design is principally on a three-deck design -Lower, main, upper with an open air sun deck area. The 35 metre project has been developed to adhere to the strictest environmental standards…
Rickmers Trust Management (Rickmers Maritime) suffered a loss of USD15.7 million for the second quarter ended 30 June 2015 from a profit of USD16 million in 2Q14. Rickmers Maritime recorded a net loss after tax of US$15.7 million in 2Q2015…
The search for a crew member missing from a containership between Bayonne, N.J. and Ocean City, Md. was suspended, the U.S. Coast Guard reported. The crew member was last reported aboard the 600-foot, Marshall Islands flagged freight ship Ibrahim Dede after departing Bayonne…
Pon Holdings and Parcom Capital announced they have agreed to buy Imtech Marine, the marine division of Dutch engineering services company Royal Imtech who has been declared bankrupt. No monetary figures have been shared. The final details of the takeover are yet to be worked out…
Dutch engineering services company Royal Imtech has been declared bankrupt and its Marine and Nordic divisions are being sold to private investors, the company and its administrators said on Thursday. Imtech, which employs 22,000 people…
Alphatron Marine announced it has appointed Erik van Boom as country manager for the Euro border region Scheldemonden. With recent changes in Belgium, where Alphatron Marine has taken over the sales and service activities of maritime navigation and communication equipment of Astron NV…
In announcing plans to restructure its offshore and dynamic positioning (DP) operations in the U.K. and U.S., maritime engineering consultancy Braemar Engineering informs it has appointed Kyle Eddings to a new role within the company. Eddings…
More Cargo, Less Fuel, Greater Flexibility are Design HallmarksDeltamarin debuted a design that it dubs the first state-of-the-art container vessel of its series, the A.Delta2300. With extensive R&D the maritime design house delivers what…
Van Oord has been awarded the dredging contract for the Kaohsiung Intercontinental Container Center Phase II in Taiwan. The client is the Port of Kaohsiung, Taiwan International Ports Corporation (TIPC). The contract value amounts to approximately EUR 130 million…