People & Company News


Kenny to Take the BMT Helm

May 09, 2017

When BMT Group Ltd (BMT) current CEO Peter French retires in September, he will be succeeded by  Sarah Kenny, who joins BMT on August 1. “Sarah is well qualified to take on this role,' said BMT’s Chairman, Sir John Hood. 'She is ambitious for…

Akzo Nobel Rejects Third PPG Takeover Bid

May 08, 2017

Marine coating major AkzoNobel announced it has declined a third unsolicited, non-binding and conditional proposal submitted by PPG Industries on April 24, 2017, for all outstanding ordinary shares in the capital of AkzoNobel. A statement…

Bahri, Hyundai Heavy Pact for Big Data Initiatives

May 08, 2017

The National Shipping Company of Saudi Arabia (Bahri)  has signed a Memorandum of Understanding (MoU) with Hyundai Heavy Industries (HHI) Group to harness Big Data and technological innovation in the maritime industry.  HHI Group is the…

Eagle Bulk Shipping Reports Q1 Loss

May 08, 2017

Eagle Bulk Shipping reported a loss of $11.1 million in its first quarter. It posted revenue of $45.9 million in the period.Gary Vogel, Eagle Bulk's CEO, commented, “During the first quarter, Eagle finalized the acquisition of 9 Crown-63 Ultramax…

Harris Joins J.F. Lehman Operating Executive Board

May 08, 2017

Frederick J. Harris, recently retired president of General Dynamics NASSCO and Bath Iron Works shipyards, has joined the operating executive board (OEB) of private equity firm J.F. Lehman & Company.The OEB is a group of industry and government…

DHT Rejects Frontline Bid, Again

May 07, 2017

Crude oil tanker company DHT Holdings rejected on Sunday a fifth takeover proposal from shipping tycoon John Fredriksen's Frontline. A statement from DHT Holdings said that its Board of Directors has unanimously rejected Frontline April…

London Eyes Top Maritime Center Slot

May 07, 2017

London has risen from sixth place overall in 2015 to fifth place this year the world’s top maritime centre in Menon Economics’ Leading Maritime Capitals of the World report for 2017 – despite the uncertainty of Brexit. UK Chamber of Shipping…

Dedication Ceremony Kicks off Boston Cruise Season

May 05, 2017

In a ceremony not far from the docks where former Mayor of Boston and U.S. Ambassador to the Holy See Raymond L. Flynn once worked as a young man, Governor Charlie Baker, elected officials, community members and children from South Boston, and…

ENGIE, AES to Expand LNG Partnership to Central America

May 05, 2017

ENGIE and The AES Corporation have agreed to enter into a joint venture to market and sell liquefied natural gas (LNG) to third parties in Central America. The joint venture will utilize the Costa Norte LNG terminal currently under construction in Colón…

The Shipowners' Club Bounce Back to Black

May 04, 2017

The Shipowners’ Club, the leading mutual P&I insurer in the smaller and specialist vessel sector, has reported resilient results for the year ending 31 December 2016. The Club has reported a combined ratio of 98.6%, an increase in gross tonnage of 0…

Anderton Joins Florida Freight Advisory Committee

May 04, 2017

Broward County's Port Everglades said it is taking an active role in the state's multimodal freight planning initiative as David Anderton, Port Everglades Assistant Director, was recently appointed to the Florida Freight Advisory Committee. The…

Matson, Philly Shipyard Mark ‘Aloha Class’ Milestone

May 04, 2017

Philly Shipyard, Inc. (PSI), the wholly-owned U.S. subsidiary of Philly Shipyard ASA, and Matson, Inc., a U.S. carrier in the Pacific, today marked a milestone in the construction of the first of two new 'Aloha Class' containerships to be delivered…

Intermarine Expands Mediterranean to Americas Service

May 04, 2017

Transporter of project, breakbulk and heavylift cargo Intermarine, LLC said it has expanded its liner service from the Mediterranean to the Americas with the appointment of Hugo Trumpy as exclusive commercial agent in Italy for this trade lane…

Fleet Xpress Exceeds 10,000 Ship Milestone

May 04, 2017

Fleet Xpress has secured commitments covering in excess of 10,000 ships within 12 months of launch. The milestone has been reached as a result of contracts with individual ship owners, commitments from strategic Partners, and transitioning agreements with existing Inmarsat customers…

FSL Q1 Earnings Rise

May 03, 2017

FSL Trust Management (FSLTM), as trustee-manager of First Ship Lease Trust (FSL Trust), reported a net profit of $3.4 million for the three months ended March 31, 2017, compared to $2.3 million reported in 1QFY16. This positive result was achieved despite challenging industry conditions and a 17…

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