Rodolphe Saadé is the new chief executive of container shipping line CMA CGM, taking over the role previously held by his 80-year-old father. The top spot at CMA CGM Group has been passed from one generation to another. Jacques Saadé announced…
South Korea's largest deep sea carrier Hyundai Merchant Marine expects to post losses through the first half of next year due to poor market conditions, reports Bloomberg quoting its CEO Yoo Chang-keun. “This year will be the year to strengthen our financials…
The International Ship Masters’ Association 127th annual convention was held at Alpena, Mich., from February 2-4, 2017. In addition to business meetings and updates regarding Great Lakes and Seaway navigational matters, attendees heard speakers from a variety of agencies and organizations…
BP's oil trading business, one of the biggest in the sector, reported a rare loss in the fourth quarter after it lost a $70 million lawsuit over an oil cargo delivered to a Moroccan refinery. BP's Chief Financial Officer Brian Gilvary said…
The Conference of Professional Operators for Response Towing (C-PORT) recently appointed Captain John Ward, of Sea Tow Destin, FL., as its new Chairman of the Board. C-PORT is the only association that represents the marine assistance industry nationwide…
Seattle-based naval architecture and marine engineering consultancy Glosten has promoted Ken FitzGerald to Principal. FitzGerald is a graduate of Louisiana State University (BS, Petroleum Engineering, 1992), and joined Glosten in 2003 after 13 years working in commercial oceanography…
In order to encourage environmentally responsible behavior, the Port Authority gives Green Award certificate holders a discount according to the level their ship has achieved within the certification scheme. Gold, silver and bronze levels will be rewarded from January 1…
Jan Swartz, group president of Princess Cruises and Carnival Australia, has been selected as recipient of the Seafarers’ House International Golden Compass Award for 2017. The award is given each year to those who have achieved distinction in the maritime world…
Robert Joore, the new General Manager of marine lubricants supplier Total Lubmarine, has laid out his vision for the company, focusing on developing a range of innovative solutions for ship operators operating in poor freight markets in a low-sulphur era…
BlueTide Communications (BlueTide) announced it has added Ku-band VSAT service to cover Australia extending north to Papua New Guinea and Indonesia. This allows the company to serve broader maritime regions where global shipping and oil & gas companies operate…
Bjoern Sprotte has taken over the position as Global Managing Director for Technical Management & Services in OSM Maritime Group.Sprotte will be responsible for all technical management and services worldwide, working out of OSM’s Singapore office…
The Seoul Central District Court Thursday decided to end the bankruptcy protection of Hanjin Shipping Co. Ltd (Hanjin Shipping), leaving the company to succumb to a declaration of bankruptcy later this month, Yonhap reported. Hanjin, once…
A Port of Oakland executive outlined a $600 million spending plan here today for growth at his West Coast trade gateway. Maritime Director John Driscoll told a maritime audience that Oakland would increase trade volume by investing in new facilities and better infrastructure…
The Alabama State Port Authority has announced a new memorandum of understanding with the National Port Administration of Cuba, potentially laying the groundwork for future trade deals. The five-year, cooperative agreement was signed at the Tampa Marriott Waterside Hotel in Tampa…
Port of Seattle CEO Ted Fick tendered his resignation at a public port commission meeting Thursday after more than 2.5 years at the helm. Fick was recently placed on paid administrative leave due to “personnel issues” and the separation was described as “mutual”…