Nordic American Tankers (NAT) reported a net loss for 4Q2018, came in at -$10.5 million. This was a substantial improvement from the previous quarter (3Q2018) which saw a net loss of -$37.9 million. 'It is important to note that we have concluded…
The dry cargo vessel player Navios Maritime Partners announced the appointment of Mr. Alexander Kalafatides to its Board of Directors.The international owner and operator of dry bulk and container vessels said in a press release that Kalafatides…
McCarthy Building Companies, Inc. Southern Region has promoted Mike Schulte to Vice President Operations for the Marine/Industrial Business Unit. In this role, Schulte is responsible for oversight of the marine and industrial industries. He will manage all marine…
Captain Louis Rhéaume has joined the team at Maritime Simulation and Resource Center (MSRC).At MSRC Captain Rhéaume will supervise the implementation of maritime expertise projects and provide his professional and administrative experience to the pilots in training…
Metal Shark has arguably been one of the more active and successful boat builders in the U.S. over the last 12 to 24 months, boasting a strong order book and expanding facilities and portfolio. In particular, the company has been able to capitalize on the burgeoning ferry market…
The international rating agency Moody’s has upgraded the German cargo container shipping line, Hapag-Lloyd AG's corporate family rating (CFR) to B1 from B2 and its senior unsecured bond rating to B3 from Caa1. The outlook remains stable.According to Moody's release…
VT Halter Marine was selected for Phase 1 Preliminary/Contract design for the National Oceanic and Atmospheric Administration (NOAA) AGOR Variant (NAV). For the NAV program VT Halter Marine teamed with Gibbs & Cox, Inc. to provide NAVSEA and…
The Panama Canal Board of Directors announced the appointment of Ricaurte Vasquez as the next Panama Canal Administrator.According to a press note from the artificial 82 km waterway in Panama that connects the Atlantic Ocean with the Pacific Ocean…
On February 12, 2019, Senator Tammy Duckworth (D-IL) received Waterways Council, Inc.'s (WCI) 18th Annual Leadership Service Award for her continual championing of ports and inland waterways. She was presented the award by Wade Beasley, Business Representative…
Danica has announced it has been entrusted with the crew management of the newbuilding ultramax Port Imabari for Lisbon headquartered Portline Bulk International.Delivered in January, the 63,500 DWT Port Imabari, equipped with four 30.5 tonnes (SWL) grab cranes…
APL launched a new weekly Asia Australia Express 2 (AAX2) service that will connect the key Southeast Asian ports of Vietnam, Malaysia, Singapore and Indonesia to the two major eastern Australian cities of Brisbane and Sydney.The AAX2 service…
ACE Winches Norge AS, the Norwegian branch of internationally recognized ACE Winches, has strengthened its Scandinavian presence by relocating to the center of Stavanger and the appointment of a new sales and business development manager.Håvard…
Maersk Maker, the sixth and last of a series of six anchor handlers for Maersk Supply Service A/S, was delivered from Norwegian shipyard Kleven on Thursday.Built for operation in deepsea depths, the M-series vessel Maersk Maker had a naming ceremony at Kleven yard…
Philippines-based port operator International Container Terminal Services, Inc. (ICTSI) has inaugurated the newly-expanded Batumi International Container Terminal (BICT) in Georgia.The expansion encompasses both the waterside and landside areas of the multipurpose terminal…
Europe's largest port, the Port of Rotterdam ended 2018 with a total container throughput at 469.0 million tonnes (MT) which slightly higher than in 2017, which was itself a record year (467.4 MT).Container transhipment was the engine of growth again…