Euronav NV announces today that following the closing of its Initial Public Offering (“IPO”) of its ordinary shares on NYSE, the Company will repay the USD 235.5 million bond issued to partly finance the acquisition of 15 VLCCs from Maersk Tankers Singapore Pte Ltd announced on 5 January 2014…
DP World Limited handled 60 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals during 2014, with gross container volumes growing by 8.9% on reported basis and 8.0% on a like-for-like1 basis. New…
Shipping companies and terminal operators for 29 U.S. West Coast ports appeared to have hit a snag on Wednesday in protracted labor negotiations with the dockworkers' union, calling a news conference to publicly address the status of the talks…
The American Association of Port Authorities (AAPA) will honor two 2015 Cruise Award recipients at the group's 2015 Cruise Seminar, the APAA announced today.J. Robert Jumonville, former cruise and tourism director for the Port of New Orleans…
Ship operator admits to covering up deliberate discharge of oil and ordered to pay $1.8 million; $450,000 of penalty to fund projects benefitting Chesapeake Bay and $250,000 awarded to crew member who provided evidence of the illegal discharges The Hachiuma Steamship Co…
Glander International Bunkering continued a series of hires in its Dubai office today, announcing the hiring of Kristian Korsgaard Pedersen as the office's Senior Bunker/Lubricant Trader and Team Leader. On Monday, the company announced the…
A.P. Moller-Maersk's oil industry service companies Maersk Drilling and Maersk Supply Services, are to cut staffing at their Danish head offices due to the slump in oil prices. Oil companies and as a result the firms servicing them, have…
Marcelo Puscar has been appointed as director of marketing at Volvo Penta of the Americas. Previously director of marine sales for Latin America, Puscar will relocate from Volvo Penta Brazil to the company’s headquarters in Chesapeake, Va…
Mitsubishi Heavy Industries released its consolidated financial results for the first nine months of fiscal year 2014 today. The company posted a 47.9% increase in ordinary income over the same period for FY 2013, as well as a 29.9% increase in operating income…
DESMI Ocean Guard’s RayClean Ballast Water Treatment System (BWTS) has earned Alternate Management System (AMS) acceptance from the United States Coast Guard (USCG). On January 30, 2015, the USCG granted AMS acceptance to RayClean BWTS,…
The Hinode’s 2nd Conference on “Outlook for India’s Seaborne Dry Bulk Trade” held at the Hotel Vivanta by Taj President saw a significant gathering of shipowners, charterers, agents, ship managers, exporters, importers, bankers, legal experts and those in other allied fields…
Shipowner and operator, Swire Pacific Offshore Operations (Pte) Ltd (SPO) welcomed its fourth L Class Platform Supply Vessel (PSV), Pacific Liberty at a naming ceremony held in Kyoto, Japan on Tuesday, 3rd February 2015. The naming ceremony…
Mitsui O.S.K. Lines, Ltd. today announced that on Sunday, February 1, 2015, the MOL-operated car carrier Astral Ace found drifting castaways near Malay Peninsula in the South China Sea, and was able to safely rescue two Malaysian and three Indonesian fishermen…
Statoil’s board of directors has appointed Eldar Sætre as the company’s new president and CEO. Sætre, who has 35 years’ experience from Statoil and the oil and gas industry, has been acting as president and CEO since October, and assumes the role with immediate effect…
For the third time, Petrobras is set to receive the highest award that an oil company can be given, bestowed by the Offshore Technology Conference (OTC) committee, based in Houston, USA. The OTC Distinguished Achievement Award for Companies…