Nigel Hopkins has been appointed Managing Director of Harris Pye UK Ltd based at the company’s headquarters in Llandow in Wales. He joined Harris Pye on May 1 this year working alongside Dave Hayden, the company’s retiring Managing Director at the Harris Pye UK headquarters in Llandow…
ZF Friedrichshafen AG chief executive officer Dr. Stefan Sommer has left the company after five years at the head.Finance Board Member and CEO Deputy Representative, Dr. Konstantin Sauer, will fill in as CEO on an interim basis.The news follows the company's recent appointment of Dr…
Pyxis Tankers Inc. said it has entered into a definitive securities purchase agreement with a group of investors, which will result in gross proceeds to Pyxis Tankers of $4.8 million, before deducting placement offering expenses. The company will issue 2…
Crowley Maritime Corporation announced it has restructured its business units as the company aims to increase its focus on government-related business and better align vessel operations and fuel distribution services.Over the coming months…
South Korea's Hyundai Merchant Marine (HMM) tops highest on-time global performance in October, second time after its first rank in August the company announced. Danish shipping consultancy SeaIntel’s Global Liner Performance Report - calculated for US Europe…
BIMCO and FONASBA have once again joined forces to create and launch a new general agency agreement for port agents, shipowners and ship operators contracting port agency services. The new standard contract, which can be downloaded from the FONASBA website and BIMCO’s IDEA…
International law firm Watson Farley & Williams (WFW) advised three leading Italian shipowners -Rimorchiatori Mediterranei, Gesmar and Fratelli Neri – on their partnership agreement with Thessaloniki-based Greek maritime operator Gigilinis Shipping Group…
NORDEN has opened a new office in Vancouver, Canada, as the Danish ship owner seeks to expand its global reach and local presence on the North American West Coast. “The new and increased presence on the West Coast will strengthen NORDEN’s…
Corvus Energy has appointed Geir Bjørkeli as its new Chief Executive Officer (CEO).Bjørkeli was previously Director of Norway for the Dutch company Huisman, and established the company’s Norwegian presence for offshore construction equipment solutions…
Oslo based financial investor Rasmussengruppen sold its entire stake which is 4.8 million shares of Danish dry bulk bulker owner Norden. A press statement said: 'In accordance with section 29 of the Danish Securities Trading Act, it is…
Following Britain’s decision to leave the European Union, British ship insurer Britannia plans to set up a subsidiary in Luxembourg, Reuters reported. It is to ensure it can continue to trade in Europe, the company said. According to company…
Hamburg Süd remains a commercially independent brand under new owner – Significantly greater product range through global service network – Own sales force provides unchanged level of care to Hamburg Süd customers. With yesterday’s (November 30) closing…
Nordic American Tankers (NAT) has entered into final agreements with a subsidiary of Ocean Yield ASA for the financing of the outstanding commitments of $39 million per ship, due on delivery. Three NAT newbuildings are under construction at Samsung shipyard in South Korea…
The CMA CGM Group completed today the sale of a 90% equity interest in Global Gateway South terminal (GSS) in Los Angeles (United States) to EQT Infrastructure III (EQT Infrastructure) and its partner P5 Infrastructure (P5), for an Enterprise Value of USD 875 million…
Hapag-Lloyd successfully completed the integration of UASC into the Group on 30 November 2017. At a gathering of the shipping company’s global management in Hamburg, Rolf Habben Jansen, CEO of Hapag-Lloyd AG, said in the afternoon: “Thanks…