The International Windship Association (IWSA) has announced the shortlist, selected by shipping industry experts, for the inaugural Wind Propulsion Innovation Awards 2016 and voting is now open to everyone to select the winners in three categories – Innovation…
South Korea's largest shipping line Hanjin Shipping has sold its entire 21.3% stake in Tan Cang Cai Mep International Terminal (TCIT) in Vietnam to its affiliate in order to secure liquidity. The financially-troubled shipping line will raise about $33m from the sale…
Maritime design, engineering and risk management consultancy BMT Designers & Planners, a subsidiary of BMT Group, announced that its Vice-President, Rick Cox, has been appointed as the Environmental Committee Chairman for the Society of American Military Engineers (SAME)…
Over the July 2-3 weekend , 25 teams from companies across the maritime sector took part in the ultimate challenge, better known as the ‘24 Peaks Challenge’. In doing so, they succeeded in raising an incredible £110,000 ($146,000) in support of seafarers in need…
Benelux law firm AKD said it intends to open an office in Luxembourg to meet growing demand for integrated, international legal services in stable jurisdictions. AKD’s new office in Luxembourg will expand its corporate, tax, banking and finance…
Panama and Cuba, both in the midst of growth and international expansion, are examples of two different economic models that are helping to attract foreign companies through government initiatives providing investor security. Seeking to…
Carnival Corporation & plc, DNV GL, ENGIE, ENN, GE, GTT, Lloyd’s Register, Mitsubishi Corporation, NYK Line, Port of Rotterdam, Qatargas, Shell, TOTE Inc. and Wärtsilä are among firms that are part of a new cross-industry initiative called SEA\LNG…
Hapag-Lloyd remains the market leader among liner shipping companies in Canada. In the past year, the shipping company saw its market share increase to over 18%. Hapag-Lloyd is the largest liner shipping company in terms of throughput…
U.S. Coast Guard Captain Matthew Lake assumed command of the U.S. Coast Guard Yard on July 1, 2016. He is the 42nd Commanding Officer in the 117-year history of the yard, the only shipbuilding and major ship repair facility of the U.S. Coast Guard…
When she left her home in the remote Faroe Islands and took a temporary job as a stewardess on a cargo ship, Inger Klein Thorhauge wanted most to become a wife and mother. But life at sea held such an attraction that she worked her way up through…
Navico Holding AS (Navico) is to be Acquired by Goldman Sachs Merchant Banking Division and Altor Fund IV Navico – a provider of marine electronics and parent company to the Lowrance, Simrad, B&G and GoFree brands – announced that Goldman…
Genscape is expanding its AIS and maritime data services collaboration with exactEarth (TSX: XCT). For more than three years, the two companies have had a collaboration combining their respective industry-leading capabilities in satellite…
Recognized for a third time in a row, Al Sharqi Shippping is awarded yet another year as a top customer for CMA CGM Logistics service provider Al Sharqi Shipping informs it has been recognized yet again as one of container shipper CMA CGM’s top customers for 2015…
With the strong commitment to provide seamless services to the customers as India’s prime facilitator of international trade, Jawaharlal Nehru Port Trust (JNPT), in the last one year, has focussed on ‘Ease of Doing Business’ says a report in the Hindu…
Paragon Shipping Inc is at cyclical lows, as the entire drybulk shipping sector has suffered and, along with the container and LNG sectors. Michael Bodouroglou, Founder, Chairman and Chief Executive Officer of Paragon Shipping Inc. has…