Marathon Petroleum Corp.named Michael Hennigan, the head of its midstream business, as its new chief executive officer effective immediately.Hennigan replaces Gary Heminger, whose departure was announced last year when the largest U.S. independent…
Hiroaki Sakashita has been appointed as President & CEO as well as a Representative Director of classification society ClassNK, effective March 18, 2020. Current Senior Executive Vice Presidents Tetsuya Kinoshita, Junichiro Iida, and Dr. Toshiyuki…
A 1.65-meter-long water drone, also known as unmanned surface vehicle (USV), was christened on Wednesday morning. The USV named Echo.1 is dedicated to measure water depth and can work continuously for up to six hours without emissions.Senator for Economic Affairs Michael Westhagemann and Jens Meier…
Tanker shipping company Team Tankers International Ltd. said it has formed a joint venture (JV) with ship management specialist V.Group, whereby Team will transfer its in-house managed fleet, consisting of ten MRs and two 25k coated vessels…
Finnish cruise ferry operator Viking Line announced Tuesday that it will suspend service between Helsinki and Stockholm due to the developing COVID-19 coronavirus pandemic. Finnish authorities have closed the country’s borders during the state of emergency in effect in Finland…
Chembulk Tankers signed commercial management agreements for its entire fleet of owned and chartered stainless-steel chemical tankers to enter commercial pools managed by Womar Logistics. “Chembulk’s commercial shift to the Womar chemical pools…
Neptune Pacific Line, the provider of ocean freight services between Australia, New Zealand and Fiji, said that it has acquired Pacific Direct Line(PDL) from its Singapore based parent holding company, Pacific International Lines (PIL).The acquisition…
PAO Sovcomflot (SCF Group), a Russian maritime shipping company specializing in petroleum and LNG shipping, announced that it has taken delivery of four newbuildings during last year.Three ‘Green Funnel’ LNG-fuelled Aframax crude oil tankers (Korolev Prospect…
Japanese shipping giant NYK unveiled what it claims to be the world’s first onboard use of digital currency through the MarCoPay fintech platform, which is operated by NYK and the Philippine-owned Transnational Diversified Group (TDG).Using MarCoPay…
The container and multipurpose terminal HHLA TK Estonia, the subsidiary of Hamburger Hafen und Logistik AG (HHLA), said that Riia Sillave has taken over as the new Chief Executive Officer (CEO) with effect from 15 March 2020.The 46-year-old Estonian…
The Baltic Exchange’s subsidiary, Baltic Exchange Information Services Ltd (BEISL), has been authorized by the UK’s Financial Conduct Authority (FCA) as a benchmark administrator under EU Benchmark Regulation. This means that the Baltic Exchange’s daily dry bulk…
Gujarat Pipavav Port Ltd (GPPL), and Pipavav Customs Brokers association (PCBA), in partnership with the Logistics Sector Skills Council; organized a daylong seminar cum training titled ‘Recognition of Prior Learning of Logistics (RPL)’, at the port on March 7th…
Maritime services group Global Navigation Solutions (GNS) has appointed Kent Lee as Chief Executive Officer with effect from January 15, 2020. Kent’s appointment follows the acquisition of GNS by the Cornes Group in November 2019. He succeeds Paul Stanley…
Sonardyne International Ltd. announced that Graham Brown is its new Managing Director.Brown, who takes over the role from John Ramsden on April 1, has served on Sonardyne International’s board from 2008, most recently as Sales and Marketing Director and Deputy Managing Director…
Monaco-based international owner and operator of dry bulk vessels GoodBulk has announced that Andrew Garcia has resigned from his position of president and director.The provider of marine transportation services said in a press release that…