Bollore Transport & Logistics Cote d'Ivoire net profit climbed to 13.14 billion CFA francs ($24.30 million) in 2017 from 10.12 billion CFA francs the previous year, the shipping company and port operator said late on Monday.Turnover for the…
Marine consultancy and ship surveyor Pirie & Smith has appointed Graeme Alexander as General Manager to head up the company and take responsibility for leading its activities across the globe.The appointment is in response to a 12-month period…
MAN Diesel & Turbo has won the order from MSC Mediterranean Shipping Company for 11 × 23,000 TEU container vessels equipped with 11 × MAN B&W 11G95ME-C9.5 main engines.Samsung Heavy Industries (SHI) will construct six of the vessels while…
PALFINGER AG completed the search for a new CEO. With Ing. Andreas Klauser (53), currently Global Brand President of Case IH and STEYR as well as CNH Industrial board member, an experienced and internationally accomplished top manager was found…
NYK will publicly offer Green Bonds (Unsecured Corporate Bonds No.40) within the Japanese domestic market in May, becoming the world’s first company to issue labelled Green Bonds in global shipping business sector.A green bond is one in which…
Tullow Oil plc (Tullow) announced the appointment of Dorothy Thompson as independent non-executive Director and Chair-designate of Tullow with effect from the conclusion of the Group’s Annual General Meeting (AGM) on 25 April 2018. It is anticipated Thompson will succeed Aidan Heavey…
Coco Vroon is stepping down as CEO of Netherlands based shipowner Vroon Group, after having settled a credit agreement with the company's lenders. 'Now that agreement has been reached with our Lenders in respect of the main terms of the financial-restructuring plans of Vroon Group…
Maritime cyber security specialist Naval Dome has signed a contract with Piraeus-based Stamco Ship Management to install its maritime cyber defense system aboard 55 Pure Car and Truck Carriers (PCTC).Stamco Ship Management provides technical…
The European Union is seeking compensation from the United States for U.S. tariffs on steel and aluminium, despite Washington's assertion that they are not subject to World Trade Organization rules, a WTO filing showed on Monday. In a step already taken by China…
TRAC Intermodal has joined the Blockchain in Transportation Alliance (BiTA), an organization for the development of blockchain standards and education for the transportation industry, with the goal of bringing together leading companies that are committed to developing blockchain technology…
APL, one of the world’s leading ocean carriers, announced that its China Philippines Express 1 (CP1) service will be making additional calls at the Chinese port of Xiamen and Batangas in the Philippines. This development extends the market…
'The IMO has done something no one has done before: set an absolute target for emission reductions for an entire industry. It is a landmark achievement in the effort to reduce emissions, and something that every other industry should look to for inspiration…
Huntington Ingalls Industries announced today that Jon Arena has been named vice president and chief counsel of HII’s Newport News Shipbuilding division. He will succeed Jim Gildea, who retired on April 1. Arena will be a key member of the law department’s leadership team…
The Port of Los Angeles processed 577,865 Twenty-Foot Equivalent Units (TEUs) in March, a decrease of 27 percent compared to last March. The expected decline came after a record February when shippers moved cargo ahead of the Lunar New Year holiday celebrated in Asia…
Vroon shipping group has reached an in principle agreement with all its lenders regarding the terms of its financial restructuring. The agreement, which is only subject to final documentation and credit committee confirmation, is an important…