EOLOS Floating Lidar Solutions, a start-up supported by EIT InnoEnergy, has completed a significant capital injection by the entity of the Swiss investment company Prorsum AG.Rajai Aghabi, CEO and founder of EOLOS, describes the capital increase as “a significant closing for EOLOS…
The maritime classification society American Bureau of Shipping (ABS) celebrated International Maritime Organization’s (IMO) World Maritime Day with a month of activity putting women in the spotlight to inspire current employees as well as future generations of mariners…
APM Terminals, the international container terminal operating company headquartered in The Hague, claimed that one year since the implementation of its new global operator training program known as ConQuip, and the approach is paying off.The…
Greek shipping company Capital Product Partners L.P. (CPLP) announced that its vessel, M/V ‘Agamemnon’ commenced new long-term time charter with Mediterranean Shipping Company Co. S.A.The 108,892 dwt / 8,266 TEU container carrier Agamemnon was…
Global ratings agency Moody's has downgraded the corporate family rating of French shipping major CMA CGM due to its 'materially weaker' liquidity. The rating was downgraded to B2 from B1.Concurrently, the company's senior unsecured ratings were downgraded to Caa1 from B3…
The maritime and offshore energy institutional investor OMP is acquitting of US$35m of Series G Redeemable Convertible Perpetual Preferred Shares of the Greek shipping company Tsakos Energy Navigation (TEN) in a private placement.Watson Farley…
Product tanker operator Maersk Tankers has now completed its acquisition of seven chemical tanker ships, which the company wil take over from AET Tanker Holdings, a Malaysian-owned global shipping company specializing in the ocean transport of crude oil and refined products…
South Carolina Ports Authority (SCPA) and the South Carolina Department of Health and Environmental Control (DHEC) were awarded a $2 million grant from the U.S. Environmental Protection Agency’s Diesel Emissions Reduction Act (DERA) grant program…
Svitzer has appointed Arjen Van Dijk as Chief Commercial Officer (CCO) for the Americas region.With more than 15 years in global shipping and transportation, the 43 year old Dutch maritime professional brings to Svitzer extensive knowledge and insights…
More than 300 executives from the maritime industry, government and academia filled the conference hall at SUNY Maritime as the State University of New York Maritime College and the Maritime Industry Museum at Fort Schuyler jointly hosted 'Offshore…
Independent shipbrokers McQuilling Partners, Inc. and IFCHOR has announced the formation of McQ-IFCHOR SA, a joint venture focused on the Latin American dry bulk chartering and advisory services.McQ-IFCHOR SA will be led by Jean Magot from McQuilling's Lima…
Today is the celebration of International Maritime Organization (IMO) World Maritime Day, where the 2019 theme is “Empowering Women in the Maritime Community“.This raises awareness of the importance of gender equality, in line with the United Nations’ Sustainable Development Goals…
A new two-year study from researchers at Solent University entitled, ‘The Effective Crew Project’[i] has highlighted that stable crewing can improve safety, wellbeing and financial outcomes.The research examined the benefits and challenges of…
A majority of ballast water management system (BWMS) installations are slated to take place in 2022 in line with requirement deadlines under the Ballast Water Management Convention (BWM Convention), presenting potential supply and bottleneck challenges according to classification society ClassNK…
Following the announcement of the grant awards to certain English ports from the Department for Transport the British Ports Association has suggested further funding might be needed across the ports and logistics sectors in a no deal scenario…