Europe's largest tourism group TUI Group said on Monday it had sold its stake in container shipper Hapag-Lloyd, bringing to a close plans for the sale of non-core businesses in order to focus on its tourism operations. TUI Group has been…
ABP Humber has joined the Association of Bulk Terminal Operators (ABTO) as a full member, in what marks a significant milestone for the newly formed trade association.Associated British Ports’ terminals in Hull, Grimsby, Goole and Immingham…
Hunting Energy Services has appointed a new business development manager for Norway as it targets further growth in the Scandinavian oil and gas sector. The company has appointed Ståle Granberg who will oversee the business development…
Global supplier of maritime digital data and compliance services, ChartCo, has announced the appointment of Hans Gieskes as Chairman.In addition to chairing a range of companies, including the successful AXIO Data Group, Mr Gieskes has been…
Chinese Shipping Major Cosco Group has agreed in principle to buy its shipping rival and Hong Kong’s No. 1 box mover, Orient Overseas Container Line (OOCL), in deal that could be valued around USD 6.3 billion. The takeover will catapult…
Bahri Logistics, one of the top 10 breakbulk carriers in the world and one of the six business units within Bahri, has added Alexandria to its portfolio of ports in Egypt. The addition of Alexandria will enable Bahri to offer breakbulk…
The Executive Director in charge of Operations in the Nigerian Maritime Administration and Safety Agency (NIMASA), Engineer Rotimi Fashakin has been conferred with the Fellowship of the Nigerian Society of Engineers (FNSE), the umbrella body of the Engineering profession in Nigeria…
Subsea equipment specialist Ashtead Technology has appointed Scott Stephen as its new Non-Destructive Testing (NDT) sales manager. Based at the company’s headquarters in Aberdeen, Stephen will be responsible for business development and general sales and rental of NDT equipment and accessories…
Turkish port operator Yildirim Holdings AS has announced plans to sell its 24 percent stake in the French shipping major CMA CGM, Bloomberg reported. The company mandated China Citic Bank Corp. to find investors from Asia or the Persian…
Direct services between Asia and the East Coast of South America will begin port calls at APM Terminals Buenos Aires, Argentina, and APM Terminals Itajaí, Brazil. The joint service deployed by Hapag-Lloyd, NYK, ZIM, Hyundai and Hamburg…
The Port of Milford Haven announced the appointment of Chris Martin as its new Chairman. Martin has been appointed by the Secretary of State for Transport and will take up the post on August 1, 2017. Born and bred in Pembrokeshire Martin…
Combined the newly merged German shipping line Hapag Lloyd and Arab sector peer UASC have more than 4,800 sales and customer service personnel represented in 125 countries around the globe. Now as the shipping lines continue the transitional integration period…
Nakilat has assumed full ship management and operations of Q-Flex liquefied natural gas (LNG) carrier Al Sheehaniya from STASCo (Shell Trading and Shipping Company Ltd.) with effect from July 6, 2017, as part of the planned and phased transition announced on October 19…
Chemical tanker firm Stolt-Nielsen aims to cut debt, CEO Niels G. Stolt-Nielsen said on Thursday.CEO: Debt is slightly higher than we wish CEO: Based on the latest update, we believe that 2018 will be tough to reduce debt CEO: Assumptions…
Diana Shipping, a global shipping company specializing in the ownership of dry bulk vessels, has announced that it has agreed to refinance its existing loan facility with Diana Containerships, having an outstanding balance of US$42.6 million…