Atlantic Navigation Holdings said that discussions pertaining to sale of a substantial equity stake to Gulf Navigation Holding have terminated because the parties involved could not reach an agreement on the definitive terms. 'The deal…
Containerized cargo volume moving through Port of Oakland is expected to increase 2 percent annually for the next five years. The catalyst for growth: a nearly $700 million injection of capital from outside investors. That’s the message…
Singapore-listed commodity giant Noble Group (NGL) has announced it has entered into a memorandum of agreement to sell a Kamsarmax-size dry bulk carrier to Cypriot company Ocean Liberty Marine Ltd and Transmed Shipping Ltd for US$24 million in cash…
Russian state oil company Rosneft will continue geological explorations in the Arctic offshore zone after ExxonMobil quits the joint projects, reports TASS. The report qouted Natural Resources Minister Sergey Donskoy saying that the Arctic…
NYK has agreed to sponsor Team KUROSHIO,* a finalist in the Shell Ocean Discovery XPRIZE competition, by providing the transportation for the team’s unmanned robots, which are being used in this international competition to quickly and accurately map the ocean floor…
Containerized cargo volume moving through this city is expected to increase 2 percent annually for the next five years. The catalyst for growth: a nearly $700 million injection of capital from outside investors. That’s the message Port of…
Coast Guard and partner agencies rescued eight people Friday after their 65-foot motor vessel, Siempre Sonando, was taking on water approximately 14 miles east of North Miami Beach.Coast Guard watchstanders received an emergency position indicating…
Falcon Global, a subsidiary of Seacor Marine Holdings and Fred. Olsen Windcarrier a wholly owned subsidiary of Bonheur ASA announced that they have reached a cooperation agreement whereby each party will exclusively contribute vessels and…
Taiwanese ocean shipping company Yang Ming Marine Transport Corporation has set up the new regional center in Mediterranean area named Yang Ming(Mediterranean) Marine Services Single-Member Limited Liability Company. The new company will start to provide services on 2nd April 2018 in Piraeus…
Huntington Ingalls Industries announced that Christie Thomas has been promoted to vice president of contracts and pricing at its Newport News Shipbuilding division. She will succeed Tom Johnston, who will retire on April 1. Thomas will have overall responsibility for contracts…
The Compagnie Abidjanaise de Réparation Navale et de maintenance industrielle (CARENA), subsidiary of the Bolloré Group and the SOFIA Group, just acquired a 3rd dock, enhancing the operational capacity of West Africa’s biggest shipyard. With this new dock…
Huntington Ingalls Industries said that Christie Thomas was promoted to vice president of contracts and pricing at its Newport News Shipbuilding division. She will succeed Tom Johnston, who will retire on April 1. Thomas will have overall responsibility for contracts…
Huntington Ingalls Industries’ Ingalls Shipbuilding division received a $94 million fixed-price contract from the U.S. Coast Guard today to purchase long-lead materials for a 10th National Security Cutter (NSC). “National Security Cutters…
For three Japanese ocean carriers combining their shipping container business into ONE, the future is bright and it comes in magenta. The future arrives this April. ONE stands for Ocean Network Express, a joint venture of “K” Line, Mitsui O…
DP World Sokhna recently welcomed the largest bulk cargo vessel to ever arrive to the port and enter the Red Sea, said a press release from the company. Known as a capesize vessel, the M/v Seafarer originally came from Malta carrying steel cargo weighing more than 140…