Wärtsilä announced today that it has acquired Transas, an innovative, digital solutions provider headquartered in the UK. This acquisition is a recognition of Transas’ strong position in the maritime technologies market and its technological leadership…
Dubai-based DP World, , one of the world's largest port operators, said it had bought a logistics firm Cosmos Agencia Maritima (CAM) in Peru for $315.7 million, giving it a 50 percent stake in the country's second largest container terminal…
ISWAN has produced four new infographics, in partnership with The Shipowners' Club, using extracts from its latest self-help guide for seafarers, Psychological Wellbeing at Sea. Psychological wellbeing enables us to function well, feel good about ourselves…
Teekay Tankers Ltd. (Teekay Tankers or the Company) announced today the following changes to its Board Audit Committee:• Richard D. Paterson has been appointed as the new Chair of the Audit Committee, effective March 15, 2018.• William Lawes has stepped down as Audit Committee Chair…
Container handling in the Port of Dunkirk takes place mainly at the Flanders Terminal. The activity continues to grow steadily, with numbers increasing from 200,000 TEU in 2010 to 375,000 TEU in 2017. In February 2017, to maintain this development…
NOAA acting administrator retired Navy Rear Adm. Tim Gallaudet, Ph.D., has appointed three new members to the Hydrographic Services Review Panel, a federal advisory committee that gives NOAA independent advice for improving a range of services…
Maritime & Coastguard Agency (MCA) chief executive Sir Alan Massey announced he plans to retire from the role before the end of 2018. The Department of Transport will begin its search for Massey’s successor on March 19. Massey will continue…
Container shipping group CMA CGM said it expects a rebound in the industry to continue this year on the back of brisk economic growth, playing down the immediate impact of geopolitical tensions. French-based CMA CGM, one of the world's biggest container lines…
Li Ka-shing to retire after annual general meeting on May 10; will stay on as senior adviser to the group. Hong Kong's richest man, Li Ka-shing, announced his retirement as chairman of CK Hutchison Holdings Ltd on Friday, bringing to a close…
Global trade enabler DP World today announces strong financial results for the twelve months ending 31 December 2017. The company delivered earnings in excess of $1 billion and above 50% EBITDA margin for the full year.Revenue grew 13.2% and adjusted EBITDA increased 9…
Mitsui O.S.K. Lines, Ltd. announced the graduation of 87 students in the seventh and final class of the '3rd Year Program,' which MOL introduced with the goal of developing crew members who will uphold strict safety standards in vessel operation…
During 2017 Wrist Ship Supply kept working with customers on enhancing their profitability and continued the steady expansion of its global business platform. Most shipping segments were depressed by low rates last year, and activity in…
Containership owner and operator Seaspan Corporation announced it has acquired Greater China Intermodal Investments LLC (GCI) from affiliates of The Carlyle Group and other minority owners. Seaspan, which previously held 11 percent of GCI and operated the company’s container vessel fleet…
Ian Taylor, who helped build Vitol into the world's biggest oil trader, will step down as chief executive and continue as chairman, the company said on Friday, naming a long-time ally and insider, Russell Hardy, as the new group CEO. Taylor…
Teekay Corporation announced changes to its Board of Directors.Alan Semple has been appointed as the new Chair of the Audit Committee following the retirement of Eileen A. Mercier effective March 12, 2018.Semple joined the Teekay Board and its Audit Committee in 2015…