Unpredictable markets and continuing marine claims volatility means the international shipping industry is facing a particularly challenging time, says Pratap Shirke, chairman of North P&I club. His comments are published today (16 July 2015) in the 170 million GT…
When it comes to innovation in new boats, few hold a better record than the Norwegians. As pioneers in the salmon farming industry they have several decades of innovation in maintaining the farms and in transporting fish from farm to market as well as developing work vessels to support the farms…
South Australian defence shipbuilding company ASC has axed 101 blue collar jobs from its facility at Osborne near Port Adelaide. The submarine and shipbuilder ASC has let go 101 contractors from its facility in Adelaide in a move it says…
A flotation of a minority stake could value the world's fourth-largest shipping group German-Chilean Hapag-Lloyd AG at more than 5 billion euros ($5.5 billion) and could take place as early as autumn. Hapag-Lloyd AG has already mandated investment banks Deutsche Bank AG…
Singapore Sovereign Wealth Fund Temasek Holdings has put Neptune Orient Lines (NOL) up for sale, says a Wall Street Journal (WSJ) report. The WSJ reported that Temasek was in talks with one buyer in recent months but the two sides could not agree on a price for the loss-making company…
Cosco Corporation has warned investors of an expected net loss for the second quarter ended 30 June 2015, as against a profit in the previous corresponding period. The company said the loss is mainly due to the low crude oil prices over…
Suez Canal revenues reached $5.4 billion in the fiscal year 2014-15, with a $3.7 million increase compared to the fiscal year 2013-14, says Cairo Post. This year’s revenues are the highest in the history of the canal with a slight increase than the previous year…
Egypt has completed dredging for the new shipping route in the Suez Canal, says the government sources. The mega national project ‘New Suez Canal’ is scheduled to be inaugurated on August 6. Egypt has invited all countries worldwide to…
Unpredictable markets and continuing marine claims volatility means the international shipping industry is facing a particularly challenging time, says Pratap Shirke, chairman of North P&I club. His comments are published today (16 July 2015) in the 170 million GT…
Great Eastern Shipping Company (GE Shipping), India’s largest private shipping company, is planning to raise up to Rs 500 crore ($79 million) through non-convertible debentures (NCDs) on a private placement basis, says PTI. The company…
Crowley Maritime Corp.’s 2015-2016 Thomas B. Crowley Sr. Memorial Scholarships have helped to further educational opportunities for four students of Massachusetts Maritime Academy (MMA). The four recipients, Bryan P. Wall, Robert M. Neal, Peter Persechino and Adam Szloch…
Michael H. McGarry has been elected president and chief executive officer of PPG, effective September 1, 2015. McGarry will join the company’s board of directors immediately. McGarry, who has served as PPG’s president and chief operation officer since March…
Waterways Council, Inc. (WCI) has named Tracy R. Zea as its Director-Government Relations, effective August 4. He will be based in the Washington, D.C. office and will primarily advocate for WCI’s goals for authorizations and appropriations which support a modern…
Shipowners Claims Bureau, Inc., which manages international P&I insurer the American Club, has announced new appointments and promotions at its offices in Greece, the United Kingdom and China: Dorothea Ioannou, Managing Director of SCB (Hellas) Inc…
Crowley Maritime Corporation has announced that Brad Brown has been promoted to vice president of information technology. He will remain based in Jacksonville and continue to report to Carl Fox senior vice president, corporate services.As vice president of IT…