Stolt-Nielsen Limited’s board of directors has resolved to initiate a buyback program to purchase up to $50 million worth of its common shares, the company announced today.The buyback program will comprise up to 3,100,000 common shares, representing up to 4…
Cubility AS, an industry provider of solids control solutions that improve efficiencies and HSE around drilling operations, has announced the appointment of Kai Preben Sæveland as the company’s Chief Financial Officer.Kai’s role will be to manage the financial performance of the company…
Genco Shipping & Trading Limited (OTCBB: GSKNF) has announced that John C. Wobensmith, the company's CFO has been appointed as President effective December 19, 2014. He succeeds Robert Gerald Buchanan, who will retire as of the same date. Buchanan has served as President of Genco since June 2005…
Laborde Products has hired Bobby Dugas as its general service manager, company president Brian Laborde announced during a recent company-wide meeting.Dugas has more than 25 years of experience in the engine service business. Most recently…
BMT Group Ltd, an international maritime design, engineering and risk management consultancy, has been recognized in the Global Business Excellence Awards 2014. The judging panel recognized BMT’s continued focus on its staff and how effective communication…
Seafarers arriving at Associated British Port’s (ABP) Port of King’s Lynn in East Anglia now have a place to call their own with the launch of a seafarers’ center at the port on November 17.Initiated by seafarers’ charity Apostleship of…
Charterers’ future procurement decisions will be driven by an increasing drive to improve sustainability within shipping supply chains.The Sustainable Shipping Initiative (SSI), a pioneering coalition of companies from across the global…
The world’s largest containership was named at a ceremony held by builder Hyundai Heavy Industries Co., Ltd. (HHI) this week.The ship, named CSCL Globe, is the first of five 19,000 TEU containerships for China Shipping Container Lines (CSCL)…
Britannia Seaways crew who fought raging fire in heavy seas receive 2014 IMO Award for Exceptional Bravery at Sea One year to the day after surviving an explosive fire which threatened the lives of 32 people on board his vessel, Captain…
Zargon Oil & Gas Ltd. confirms that the monthly cash dividend for the month of November in the amount of Cdn. $0.06 per common share will be paid on December 15, 2014 to shareholders of record on November 30, 2014. Unless otherwise indicated…
Drydocks World (DDW) based in Dubai, UAE, has contracted Wärtsilä to design and supply the propulsion and other equipment for a new harbour tug that will operate on liquefied natural gas (LNG). This will be the first harbour tug in the Middle East region to operate on gas…
The fishing vessel Pacifica moored safely in Honolulu Harbor Monday after taking on water approximately 144 miles north northeast of Oahu.The cause of the flooding was determined to be insufficient shaft packing in the stern tube, which allowed water to enter the vessel…
San Leon Energy, the AIM listed company focused on oil and gas exploration in Europe and North Africa, announces that it has spudded the Gierałtowice well, which is the second well being drilled in the Karpaty area in Poland.The Gierałtowice…
The Gazprom Management Committee addressed the progress with the South Stream It was stressed that South Stream gas pipeline project was ready for constructing. This includes the most complicated part of the project – the first and the second strings of the offshore gas pipeline…
The F-35C Lightning II carrier variant Joint Strike Fighter completed its first phase of developmental test (DT) aboard an aircraft carrier Nov. 14, three days ahead of schedule aboard USS Nimitz (CVN 68). During the DT-I event, F-35C…