Norwegian OSV companies Solstad Offshore, Farstad Shipping and Deep Sea Supply have signed off on merger plans first announced on February 6, 2017. The statutory merger plans have been approved and signed by the boards of Solstad, Farstad…
German container shipping company Hapag-Lloyd expects increased operating earnings this year, it said on Friday, citing a rise in freight rates as market conditions improve. The shipping industry has been grappling with a prolonged downturn…
Marcia Kull has been named President of Torqeedo Group, Inc., and will direct global sales and strategy for the electric and hybrid marine propulsion systems manufacturer. Kull will oversee Torqeedo’s growth activities in the Americas, EMEA and Asia-Pacific regions…
U.S. Coast Guard leaders and guests joined together Thursday to recognize Rear Admiral Linda Fagan and Master Chief Petty Officer Richard 'Shane' Hooker, the first Ancient Tridents, at the Ancient Trident Ceremony held at the Alexander Hamilton Custom House…
The Cabinet Committee on Economic Affairs, India chaired by the Prime Minister Narendra Modi here on Wednesday approved fresh estimates of the project Deepening and Widening of Mumbai Harbour Channel and JN Port Channel (Phase-II). The…
Maersk Line, the world's biggest container shipping firm and part of Danish conglomerate A.P. Moller-Maersk, has offered concessions to EU antitrust regulators in an attempt to get approval for the takeover of German rival Hamburg Sud. A ruling on the deal…
Shipping confidence held steady in the three months to end-February 2017, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens. In February 2017, the average confidence level expressed by respondents was 5…
The U.S. Justice Department has ordered top executives from several container shipping lines to testify in an antitrust investigation into an industry that is the backbone of global trade, the companies said on Wednesday. The world's biggest container shipper…
Workers at Greece's second-biggest port, Thessaloniki Port, will walk off their job for a few hours on Wednesday to protest the port's sale, a key condition of the country's international bailout. The sale was launched in 2014 but has been plagued by delays and political resistance…
Crowley Maritime Corporation said it has signed a multi-year stevedoring and terminal services agreement with Penn Terminals in Eddystone, Pa., to accommodate the company’s weekly Northeast container shipping service to and from San Juan, Puerto Rico…
The Port of Portland has hired Ken O’Hollaren to lead the Port of Portland’s marine marketing efforts, starting March 20, 2017. O’Hollaren previously served as the executive director of the Port of Longview and the Port of Port Angeles,…
Bahri has opened its second North American office in Houston, home to one of the country’s largest breakbulk and general cargo ports. The new location is Bahri’s second in North America, following Bahri Logistics (America), which has been operating out of Bahri’s U…
South Korea’s Samra Midas Group (SM Group) said that it is looking to acquire some overseas shippers, among other businesses in an effort to expand its foothold in the maritime sector, Yonhap News Agency cited one of the company’s officials…
Dubai-based port and terminal operator DP World announced strong financial results from its global portfolio for the twelve months ending 31 December 2016, despite “significant challenges” in the industry. On a reported basis, revenue grew 4…
The Maritime Simulation Resource Centre (MSRC), a pilot simulation training and port feasibility studies facility, recently gave a presentation on Portable Pilot Units (PPUs) to the directors of all the Mexican Pilots Associations. The day-long workshop was given at the request of Captain ALT…