Ken Chapman has led as deep and as broad of a maritime and offshore life as possible, an accrued experience and knowledge including being part of the team that had to coordinated during one of the offshore oil and gas industry’s worst disasters ever: the Piper Alpha…
Dockworkers at Canada's second largest port on Monday began their second strike in less than a year, as business leaders urged Ottawa to quickly end a walkout they said could cost the economy C$25 million ($20 million) a day.The federal Liberal…
Abu Dhabi Ports has hired banks to arrange an issuance of 10-year U.S. dollar-denominated bonds, which it will use for general corporate purposes, a presentation for investors seen by Reuters showed on Monday.Citi, First Abu Dhabi Bank and Standard Chartered will act as joint global coordinators…
The Baltic Exchange's main sea freight index on Monday drifted up to its highest since September 2010, as an uptick in rates for the larger capesize segment offset a drop in panamax vessel demand.The Baltic dry index, which tracks rates for capesize…
The head of the Suez Canal Authority (SCA) said on Monday he hoped talks would soon yield an agreement with the owner and insurer of a giant container ship which is still being detained since it blocked the waterway for six days last month.The…
There are not many of the leading edge subsea processing projects Rune Mode Ramberg has not been involved in at some level. The list includes Tyrihans subsea pumping, Tordis subsea separation, studies on the Ormen Lange subsea compression project…
The d'Amico Group announced Cesare d'Amico has taken over as chief executive officer of the Italian shipowner's dry cargo business unit.Cesare d'Amico, who already serves as CEO of d'Amico Società di Navigazione SpA, has always been directly…
Russia's largest independent natural gas producer PAO NOVATEK announced Friday that the annual general meeting of shareholders (AGM) approved the election of members to the board of directors.The following members were elected to the board of directors:Andrei I…
UK P&I Club, an insurer of the Ever Given cargo ship which ran aground in the Suez Canal in March, said on Friday it had filed an appeal in an Egyptian court over the detention of the vessel by authorities.The Ever Given has been anchored in…
The Baltic Exchange's main sea freight index climbed on Friday to post its best weekly gain since mid-February thanks to higher demand for capesize vessels.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities…
Global port operator DP World on Thursday said the near-term trading environment was positive as it reported a 10.2% increase in first-quarter shipping containers volumes.The Dubai state-owned company handled 18.9 million shipping containers in the January-March period…
The RUSCON Group, a Russian container cargo transhipment and railway transportation service provider, has expanded its presence in Europe with the opening of new subsidiary in Rotterdam, the Netherlands. The new Dutch company, Smartcontainer B…
In announcing its 2021 Q1 interim financials, Wärtsilä said that while order intake is stable, COVID-19 continues to burden net sales and profitability. Looking ahead, while it sees near-term demand as 'somewhat better', it noted that visibility…
Eastern Shipbuilding Group, Inc. (ESG) announced that Lance C. Lemcool has accepted the position as vice president of commercial sales and marketing. “Lance is a welcome addition to the ESG leadership team”, said Joey D’Isernia, president of Eastern Shipbuilding…
Francois Mayor nudged back on the power and made a subtle adjustment on the wheel as he coaxed his cargo vessel through a narrow point in the Suez Canal—not the Egyptian one, but a replica in the middle of a French forest.This stretch of water…