Navios Maritime Containers announced that it took delivery of the Navios Unison, a 2010-built, 10,000 TEU containership on May 30, 2018. As previously announced, the vessel was acquired for a price of $50.25 million. The vessel is chartered out at a net rate of $26…
South Korea's Hyundai Merchant Marine (HMM) has selected the shipbuilders who will build the eco-friendly mega containerships it is to order under its 'Capacity of 1 Million TEU Strategy.' Since HMM sent out a Request for Proposal (RFP) to shipbuilding companies on April 10…
Liberty Global Logistics (LGL) announced today that Paul “Chip” Jaenichen, former U.S. Maritime Administrator, has joined the Company as its Executive Vice President – US Flag. In his new position, he will be responsible for the oversight…
GoodBulk, an owner and operator of dry bulk vessels, announced that it has filed a registration statement on Form F-1 with the United States Securities and Exchange Commission (SEC) relating to a proposed initial public offering (IPO) of its common shares…
YANMAR Marine International (YMI), supplier of engines and technology-driven marine propulsion systems to the leisure and light duty commercial markets, has announced key appointments.Following his work in various senior managerial positions in the company…
KVH Industries, Inc. announced that BW Group has chosen KVH’s connectivity services for 45 additional vessels in its fleet. The two companies will also continue with a connectivity contract for the LPG and LNG vessels in BW’s fleet that have had KVH’s VSAT systems and services since 2013…
Containership owner operator Seaspan Corporation has announced that Fairfax Financial Holdings Limited, through certain subsidiaries, has entered into a definitive agreement to invest an additional $500 million of equity in Seaspan through the exercise of two tranches of warrants…
The Shipowners’ Club, the leading mutual P&I insurer in the smaller and specialist sector, is delighted to announce a new technology partnership with Jumar Holdings Limited. The Club has taken a 33% equity stake in Jumar, which sits alongside the 67% stake held by Jumar founder and CEO…
A delegation from Hamburg was in China from 14 to 18 May, visiting companies in Zhengzhou, Shanghai and Hangzhou. Organized by Port of Hamburg Marketing (HHM) in cooperation with the Hamburg Representative Office in Shanghai, the delegation’s tour was led by Axel Mattern…
Adm. Paul F. Zukunft was relieved as commandant of the U.S. Coast Guard by Adm. Karl Schultz during a military change-of-command ceremony held Friday at U.S. Coast Guard Headquarters.Zukunft also retired from the Coast Guard after 41 years of…
New Jersey-headquartered marine terminal operator and stevedore Ports America Group, Inc. has named Richard Surett as its new chief financial officer.Surett has been with Ports America since 2010 and most recently held the position of senior vice president…
New Jersey-headquartered marine terminal operator and stevedore Ports America Group, Inc. has appointed Mark Montgomery as president and CEO. He replaces former president and CEO, Michael Hassing.Montgomery was previously president and CEO of Ports America Chesapeake (PAC) from 2010 to 2014…
UK-based BMT Nigel Gee and Dutch- based superyacht builder Oceanco have signed a strategic partnership for the formation of a new naval architecture and engineering company—Lateral Naval Architects Ltd. Lateral will provide high quality naval…
Euroseas announced that it has completed the spin-off of its drybulk fleet into EuroDry Ltd. Euroseas shareholders received one EuroDry Ltd share for every five shares of the Company they owned. A press release from the owner and operator…
Rudi van Niekerk has been tapped as the new Managing Director of GAC Nigeria, charged with the continuing development of its core shipping and liner agency business and building on four decades' operational presence in the country.Prior to his appointment…