Ulstein Group reported it delivered a good result for 2013 with an operating income of NOK 2.3 billion compared to 2012’s result of NOK 2.27 billion. Similarly, Ulstein’s operating profits improved in 2013 to NOK 317.8 million from NOK 228 million in 2012…
The operator of a U.K.-registered containership has been ordered to pay £17,311.01 for breaching oil pollution legislation.The Ever Sigma – operated by Evergreen Marine – was en route from Greece to the Netherlands when 700 liters of heavy fuel oil went overboard…
Seafarers’ charity Apostleship of the Sea (AoS) has visited the abandoned crew of a Turkish ship which has been detained in Fowey, Cornwall since early this month. The general cargo vessel, Munzur, was detained by the Maritime and Coastguard Agency (MCA) for various health and safety issues…
Inmarsat has signed an agreement with Telemar SpA, appointing the specialized managed satellite services provider as a Value Added Reseller (VAR) for Global Xpress, serving the Government market in Europe.Andy Start, President, Inmarsat Global Government Services…
Freight and logistics professionals at Multimodal 2014 this week will hear specialist insurer TT Club’s Risk Management Director, Peregrine Storrs-Fox and other experts warn of the hazards of incorrect packing of containers and CTUs of all types…
China National Petroleum Corporation (CNPC) has secured the rights to produce and export oil from Abu Dhabi, helping China secure more fuel for its rapid economic growth. State-run CNPC has expanded over the past decade to over 30 countries…
Norway's Statoil defied gloom in the oil sector by reporting first-quarter earnings above expectations on Tuesday due to higher prices and good results from shale gas activities in the United States, lifting its shares. Regarding new sanctions on Russia…
Oil rebounded towards $109 a barrel on Tuesday a day after prospects of a return of Libyan supply prompted its biggest daily fall in nearly a month although investors showed muted response to more U.S. sanctions on Russia. Libya's National…
Anne Brengle, president of the Coast Guard Foundation, presented the check to Rear Adm. Fred Midgette, commander of the Coast Guard 9th District at a ceremony in Cleveland.The presentation of the check was held at the Great Lakes Science Center in Cleveland…
“Think of a number. Any number will do, so long as it is very big. Then double it. The answer is likely to be as accurate as any supposedly informed estimates currently circulating in the shipping sector about the likely size of the industry’s…
First quarter deal activity matches lowest level in nine quarters; trucking and shipping lead transaction activityMerger and acquisition (M&A) activity in the transportation and logistics industry began 2014 on a soft note, with the total…
The CMA CGM Corporate Foundation for Children launches its second call for proposals intended for associations involved in the service of underprivileged children in the PACA region and in Lebanon.Founded in 2005 and chaired by Naïla Saadé…
Almost 50% of the shipping companies who took part in a maritime security survey carried out by GoAGT would only employ ISO/PAS 28007 certified companies. The leading maritime security company, which achieved this certification earlier…
Wallem Group has appointed Ioannis (Yanni) Stefanou as Global Technical Director of Wallem Ship Management to lead the business as it positions itself for continued growth. Stefanou will lead the Group’s technical teams in Hong Kong, Singapore and Europe (Hamburg) in delivering reliable…
Royal Caribbean Cruises Ltd, the world's second-largest cruise operator, said its quarterly profit fell by two-thirds as costs rose and six cruises were canceled or shortened due to several mishaps.Shares of the company, whose cruise lines include Royal Caribbean International…