San Donato Milanese (Milan), February 10, 2016 – Saipem S.p.A., informs that today Moody’s, through the publication of a press release on its website [www.moodys.com] given below has communicated that it has placed under review the provisional issuer rating of '(P) Baa3 ' attributed to Saipem…
Maersk Line posted a steep decline in profit last year to $1.3bn, well down from the 2014 result of $2.3bn and below its most recent forecast as freight rate declines accelerated in the latter stages of 2015. The net profit of Maersk Group in 2015 amounted to 0…
In a video interview Group CEO of AP Møller-Maersk Nils S. Andersen comments on the 2015 full year result, low oil and freight rates, and the challenges and opportunities for the Maersk Group in these difficult markets. He has warned that…
Fifteen container liner shipping companies 'have offered to change their pricing practices to settle an EU antitrust probe and stave off possible fines,' according to a report from Reuters Wednesday that cites two unnamed sources. Container…
Lam Nguyen-Bull of Foss Maritime recognized by the Puget Sound Business Journal for her efforts to support diversity in the maritime industry Foss Maritime's Vice President, General Counsel and Chief Ethics Officer, Lam Nguyen-Bull, has…
Local labor leader Andreas Cluver and long-time community leader Arabella Martinez have been appointed to the Oakland Board of Port Commissioners. They join the Board February 11. Nominated by Oakland Mayor Libby Schaaf, the City Council appointed Cluver…
The University-National Oceanographic Laboratory System (UNOLS) Marcus Langseth Scientific Oversight Committee (MLSOC) is seeking nominations for two open committee member positions to be filled immediately. The MLSOC, a standing committee of the (UNOLS)…
MAR Incorporated has named John Delia the Program manager for Ohmsett – The National Oil Spill Response Research & Renewable Energy Test Facility, succeeding Bill Schmidt who retired in December 2015. Delia was most recently with BAE Systems…
Hull performance monitoring solutions can offer significant fuel savings potential, a fact that is prompting growing interest from the maritime industry. To spur development and increase awareness of this exciting field, DNV GL and paint manufacturer…
Satcom Global has added marine and offshore safety and security products along with a range of enhanced engineering services to its portfolio following a full rebrand of sister company AND Group.Bringing more than 40 years’ experience in the design…
MAN Diesel & Turbo received an order for an MAN 6L21/31 engine to power a newbuilding cadet training sailing ship for the Defence Ministry of the Republic of Indonesia. The engine will be used to power the 110m ‘Kri Bima Suci’ and up to 200 persons on board when not propelled by sail power…
André Meijer will step down from his position as CEO of Huisman, with immediate effect. The company said it will implement an internal solution and adjust the management structure accordingly, if required. Joop Roodenburg will remain involved…
Aker Solutions will deliver a concept study on a new processing platform for future phases of the Statoil-operated Johan Sverdrup North Sea field, Norway's largest oil find in three decades.The study includes design solutions for a tie-in…
Bibby Ship Management is once again the largest representative for vessels flying the Isle of Man flag in providing representative services for 30% of vessel tonnage registered on the island. This compares with 25% in 2014, according to official statistics…
Waterways Council, Inc. (WCI) reacted to the FY 2017 budget request made by President Obama earlier today, as detailed below. The Budget • proposes $4.620 billion for the U.S. Army Corps of Engineers’ Civil Works program, a 29.8% cut from the $5…