People & Company News


DP World Asks Court to Halt Antitrust Probe at Mumbai Port

Mar 04, 2019

Dubai's DP World has asked an Indian court to halt an investigation into alleged antitrust violations at the country's largest container port in Mumbai, saying the regulator was seeking excessive information, a court document seen by Reuters showed…

CMA CGM Begins $1.2B Cost-Cutting Program

Mar 03, 2019

Container shipping goliath CMA CGM announced the implementation of a global plan for 2019 to improve its operational performance with a cost savings objective of $1.2 billion through the optimization of lines and brands, and by further streamlining its processes…

Subsea 7 Buys-back Shares

Mar 03, 2019

With the market looks upbeat, Luxembourg-based subsea services vessel owner Subsea 7 announced a share buy-back programme.'Reflecting Subsea 7’s strong financial and liquidity position and improving market outlook as well as a rebalancing of cash returns to favour share repurchases…

Scott Joins Laborde

Mar 03, 2019

Laborde Products recently expanded its procurement department, with long-time veteran Dan Murphy leading the way. With Murphy’s promotion, there was a need to satisfy the position for a new parts manager. Joe Scott, a Kansas City native, residing in Dayton…

Hapag-Lloyd: 50th Year of Transportation of Dangerous Goods

Mar 01, 2019

Hapag-Lloyd, the world's largest shipping company, marks 50th anniversary of dangerous goods department.According to a press release from the transnational German-based transportation company, 50 years ago, in March 1969, Hapag and Norddeutscher…

​Maersk Introduces Value Protect

Mar 01, 2019

Maersk is expanding its commercial offering and introduces Value Protect, an extended liability solution. It offers customers an alternative to cargo insurance, increasing their chance of receiving full compensation in case of cargo damage in transit…

Mass. Maritime Honors IRI's Gallagher

Mar 01, 2019

William Gallagher, President of International Registries, to be named Massachusetts Maritime Academy's Maritime Person of the Year.Since 1995, Massachusetts Maritime Academy has been honoring leaders with a renowned career of excellence, innovation…

Construction Kicks Off at Ngqura Liquid Bulk Terminal

Mar 01, 2019

Oiltanking Grindrod Calulo (Pty) Ltd (OTGC) and Transnet National Ports Authority (TNPA) has turned the first sod at the site of the Port of Ngqura’s future liquid bulk tank farm. This comes ahead of the planned decommissioning and rehabilitation…

NOIA Applauds Wheeler’s Confirmation

Mar 01, 2019

NOIA President Randall Luthi released the following statement after the Senate voted to confirm Andrew Wheeler as the Environmental Protection Agency (EPA) Administrator:“NOIA congratulates Andrew Wheeler and applauds the Senate following his confirmation as EPA Administrator…

Fire Breaks out on USCG's Polar Star

Mar 01, 2019

It seems the U.S. cannot do enough to fast-track the construction of its new icebreaking fleet, as the USCG announce last night that the 150-member crew of the U.S. Coast Guard Cutter Polar Star fought a fire at approximately 9 p.m. PST Feb…

Powertak: Powered Lift and Drive

Feb 28, 2019

The PowerStak family of high performance, fully powered stackers from Presto ECOA offer significant performance advantages over manual stackers and significant cost savings versus forklift trucks. Because they feature both powered lift and powered drive…

Kalmar's 70,000th Ottawa Terminal Tractor

Feb 28, 2019

Kalmar, part of Cargotec, is celebrating a significant milestone with the production of its 70,000th Kalmar Ottawa terminal tractor. Destined for long-standing customer Penske Truck Leasing, the truck was completed on 27 February at Kalmar's US manufacturing facility in Ottawa…

Höegh LNG Doubles Profit

Feb 27, 2019

Hoegh LNG, a provider of floating liquefied natural gas (LNG) services under long-term contracts, reported a profit after tax of $ 44.98 million for the quarter and year ended 31 December 2018, compared to $ 19.96 million in the same period in 2017…

Keel Laid for Foss Tier IV Tugboat

Feb 27, 2019

Foss Maritime announced the keel laying of the first of its new class of ASD 90 tugboat, to be built at Nichols Brothers Boat Builders in Freeland, Washington.Nicole Engle, one of the principals of Foss’ parent company, Saltchuk, made the first ceremonial weld of her initials into the keel…

WFS Fortifies Port of Gibraltar Ops

Feb 27, 2019

World Fuel Services (WFS) reports that it has extended its capacity in the port of Gibraltar with the addition of two barges to its physical bunker operations.  The barges, dedicated to Marine Gasoil and Ultra Low Sulfur Diesel, also offer the option for multiple product segregation…

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