The Coast Guard Authorization Act of 2010 removed the size limit on offshore supply vessels (OSVs). The Act also directed the Coast Guard to issue, as soon as is practicable, a regulation to implement section 617 of the Act and to ensure the safe carriage of oil…
A subsidiary of Saltchuk Resources, one of the nation’s leading transportation and petroleum distribution companies, has entered into a binding purchase & sale agreement to acquire Tropical Shipping and its related companies.…
Chinese banks are stuck in a lose-lose legal battle between domestic shipyards and foreign buyers over billions of dollars in refund guarantees that are supposed to be paid out if shipbuilders fail to deliver on time.One in three ships ordered from Chinese builders was behind schedule in 2013…
33 of AdvanFort 35 are released for good on Saturday 33 of the 35 guards who have come to be known as the ‘AdvanFort 35’ were released from prison for good on Saturday, the judge ordered. They were released on bail last week, and today the judge ordered them to be freed…
Ballast water treatment market, Europe to dominate market revenues from 2017 to 2019, according to a report by Frost & SullivanThe global ballast water treatment systems market is estimated to grow at a compound annual growth rate of 21 percent from 2012 until 2019…
Glencore Xstrata Plc's interim chairman, former BP Plc chief executive Tony Hayward, is in the running to take the job permanently, the Wall Street Journal reported on Friday, citing people familiar with the situation.Hayward is on a shortlist with Roger Agnelli…
As part of the European Union’s drive to streamline and standardize the reporting formalities for ships arriving in and/or departing from ports of the Member States, it has introduced wide-ranging legislation. EU Directive 2010/65/EU, commonly known as the Reporting Formalities Directive…
Two buyout groups have made final offers for the heat exchangers division of German industrial machinery and process engineering group GEA , one of which could be picked for exclusive talks within days, three people familiar with the matter said…
The United States has extradited a former executive of an Italian marine hose manufacturer to face price-fixing charges in what the Justice Department said was its first extradition on antitrust charges.Romano Pisciotti, a former executive with Italy's Parker ITR SRL…
Russia's top natural gas producer, Gazprom, will eventually lose more than it gains from raising the gas price for Ukraine by 80 percent, analysts said on Friday, predicting Kiev would cut purchases and fail to pay in full.Gazprom on Thursday announced a price rise for Ukraine to $485 per 1…
Findings of the fifth Annual Review of the Hellenic Observatory of Corporate Governance (HOCG) about the presence of the Women in the Board of Directors (BOD) of Greek Maritime Listed Companies show that women hold less than 5% of BOD positions…
U.S. Transportation Secretary Anthony Foxx today announced the appointment of 10 new members to the Marine Transportation System National Advisory Council (MTSNAC). Established in 2010, MTSNAC is comprised of leaders from commercial transportation firms…
BIMCO has revealed the list of finalists for their first ever set of awards for the shipping industry. The new awards, being presented on the day of BIMCO’s Annual Conference in Dubai, have been created to celebrate and draw attention…
Maine Maritime Academy faculty member, Dr. George Harakas, has coauthored a patent with colleague and business partner, Scott Eaton, for glycerol-containing fuel aimed at reducing emissions in large diesel engines. The two are members of the…
U.S. EPA has served subpoenas in connection with the investigation into potential violations of MARPOL Annex and the Act to Prevent Pollution from Ships (APPS) following the coming into force of the North American Emissions Control Area (ECA) on 1…