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…
Non-compliant discharge of oily water continues to be an environmental threat – and an expensive headache for the marine industry. With the tamper-proof Alfa Laval BlueBox SA, a standalone oil content monitor and data recorder, Alfa Laval is providing peace of mind to ship owners and operators…
Ship Finance International Limited announced that it has agreed to acquire a fleet of 15 feeder size container vessels, ranging from 1,100 TEU to 4,400 TEU, in combination with long term bareboat charters to a leading container line. The purchase price is confidential…
Speaking at Shipping 2018, the Connecticut Maritime Association’s (CMA) annual conference, Knut Ørbeck-Nilssen, CEO of DNV GL – Maritime and IACS Chairman, looked at some of the initiatives taken at the International Association of Classification Societies (IACS) that were changing the organization…
Gautam Kashyap, Thome’s Vice President for Business Development, outlined the group’s strategies for success at the 2018 Connecticut Maritime Association (CMA) Shipping 2018 conference.“Ship Management is changing and the right mix of digitalization…
Mercury Marine is saddened by the death of Charles “Charlie” Strang who served as Carl Kiekhaefer’s top engineer for 13 years at Mercury Marine.After leaving Mercury, he served as Director of Outboard Marine Engineering (OMC) and later CEO and Chairman of the Board…
The Port of Oakland released a new 5-year strategic plan today that pairs business expansion with community benefits. Called “Growth with Care,” the plan envisions more jobs and economic stimulus as the Port grows. According to the strategic plan…
The solid financial results allow the Port of Rotterdam Authority to carry out an ambitious investment programme, which is intended to help the Rotterdam port maintain its leading position as Europe’s largest port and industrial complex. Allard Castelein…
North P&I Club said it has appointed Simon Main as Technical Director (Underwriting), as part of the company's strategy for the development of the North P&I and Sunderland Marine (SMI) businesses. Main joins North P&I with experience from several senior leadership positions at Thomas Miller…