Global commodities trader Cargill will close its London shipping office in another sign of the worsening crisis battering the dry freight market, the company said on Thursday. Financial markets have been in turmoil since the start of the year due to worries over the health of the world economy…
MetOcean Data Systems has appointed Emily MacPherson as Director of Sales, MetOcean Systems.In the new position, MacPherson will be responsible for expanding sales opportunities and managing the day-to-day responsibilities of the company’s sales team…
Southwestern Energy Co said it would lay off 1,100 employees, or nearly 40 percent of its workforce, as it slows down drilling activity in response to a prolonged slump in oil prices.Oil futures dropped to their lowest levels since 2003…
Capital Product Partners L.P. a Marshall Islands master limited partnership and an international owner of modern tanker, container and drybulk vessels today announced that its board of directors has declared a cash distribution of $0.2385 per…
Marine engineering apprenticeship program will create greater access to education and training in maritime and advanced manufacturing fields Foss Maritime announced today a partnership to establish the curriculum for a new marine engineering apprenticeship program…
Evergreen Group founder and Group Chairman Dr. Yung-Fa Chang passed away at the age of 88 in Taipei on January 20, 2016.Dr. Chang was born in 1927. He founded Evergreen Marine Corporation in 1968 with just one secondhand general cargo vessel…
Global Diving & Salvage, Inc. has hired Mike Brown as Vice President of Energy Services, working from the company’s Houston office. In his new position Brown, will focus his efforts to increase Global's position in the domestic and international…
Facing one of its worst crises in a generation, the oil industry is trying to open up - to women. Even when oil was selling at above $100 a barrel, most of the industry's top executives said they struggled to find and retain young talent…
Montaruli steps up at ABS as technical engineering authority. ABS, a provider of classification to the global marine and offshore industries, announced the appointment of Bret Montaruli as Vice President and Chief Engineer. In his new role…
Safe Harbor Pollution Insurance broadens panel of security, increases marine pollution capacity Vessel pollution liability insurance company Safe Harbor Pollution Insurance announced it has expanded its carrier partnerships to include Berkshire…
The 175 million GT, ‘A’ rated North P&I Club has published a major new guide for the international shipping industry on how to reduce losses when carrying bulk cargoes by sea. The 280-page Bulk Cargoes: A Guide to Good Practice adds to North’s…
Cargotec Corporation agreed to acquire INTERSCHALT maritime systems AG, the specialist software and related service provider to the maritime industry.The acquisition will complement Cargotec's strategic aim of being a leader in intelligent cargo handling…
The critical link between shipping and global society is the main focus for this year’s World Maritime Day theme: 'Shipping: indispensable to the world'. The theme for 2016 was launched by IMO Secretary-General Lim as he opened the Sub-Committee on Ship Design and Construction (18 January)…
King Abdullah Port (KAP), the first privately developed and managed port in the Saudi Kingdom and the region, has announced the port’s success in handling 1,307,017 TEUs, says a repot in the Saudi Gazette. Engineer Abdullah bin Muhammad Hameedaddin…
Relationship and business building moved into high gear on the high seas as more than 100 FCCA Platinum Members, key cruise industry stakeholders, joined over 30 high-ranking FCCA Member Line cruise executives from January 14-18 for the PAMAC Cruise Summit…