Scorpio Tankers Inc. announced today (i) a new $250 million Securities Buyback Program, (ii) that it has recently taken delivery of an MR product tanker and (iii) that it will not exercise the options to purchase two LR2s currently under…
A heritage committee of the UNESCO cultural agency stopped short of placing Australia's Great Barrier Reef on an 'in danger' list, but the ruling on Friday raised long-term concerns about its future.The long-awaited ruling by UNESCO's…
The Mission to Seafarers has launched a new welfare support project for families in the seafaring heartland of Manila in the Philippines. The number of seafarers that come from the Far East is thought to be around 37 percent of all ratings and…
Wärtsilä completes acquisition of L-3 Marine Systems International Wärtsilä Corporation announced that its acquisition of the Germany based L-3 Marine Systems International (MSI) has been finalized and control of the company will be transferred to Wärtsilä with effect from June 1…
Norwegian manufacturer of ballast water treatment systems MMC Green Technology reports it has sold more than 70 systems since going commercial with its MMC BWMS two years ago, 40 of which have already been installed on board vessels worldwide…
Dan-Bunkering (Singapore) Pte. Ltd. ihas announced that Sara Scaramelli has been employed as Bunker Trader as per May 4, 2015. Scarmelli is originally from Italy, but has been living in the UK, the Netherlands and Singapore respectively for…
Raytheon Company announced the launch of its new subsidiary, Raytheon Anschuetz USA LLC, located in San Diego, Calif. According to the company, Raytheon Anschuetz USA LLC aims to reinforce customer care and support for Raytheon Anschütz…
ClassNK has announced an improved partnership with the Institute of Marine Engineering, Science and Technology (IMarEST) which is set to see the company benefit from a collaborative program to support the professional development of staff, as well as raising profile within the marine sector…
Imtech Marine Canada has announced that Gerry Neven has been appointed as Vice-President, Industrial and Governmental Affairs.Neven, previously CEO/Managing Director of Imtech’s subsidiary Techsol Marine, will join the Imtech Marine Canada…
Kalmar, part of Cargotec, will introduce yet another port industry first during the upcoming TOC Europe exhibition in Rotterdam, the Netherlands. On 9 June, ONE is coming. Automation is widely accepted as the way towards improved productivity…
The ‘FORAN new modules, new functions and FEM-Link (Hypermesh) Seminar’ was held on April 23rd in Wuhan. SENER is playing a big role in China, where it has been promoting the FORAN System for many years.Through the seminar, important new enhancements in its shipbuilding CAD/CAM System FORAN…
Seeking new supply chain efficiencies, the ports of Los Angeles and Long Beach have announced the creation of working groups focusing on peak operations and terminal optimization to develop ways to strengthen the competitiveness of the San Pedro Bay port complex…
Adm. Scott H. Swift returned to his home state and relieved Adm. Harry B. Harris Jr. as commander of the U.S. Pacific Fleet during a change of command ceremony on Joint Base Pearl Harbor-Hickam, May 27.'The magnitude of this moment is not lost on me…
The importance of investment in the Shetland fishing industry has been highlighted today by Lerwick Port Authority Chief Executive, Sandra Laurenson.The industry – white fish, pelagic, shellfish and aquaculture – is the biggest single contributor to the islands' economy…
Monaco-based tanker owner and operator Navios Maritime Midstream Partners (NAP) plans to launch syndication of a USD 205 million Term Loan B to finance the purchase of up to two very large crude carriers. Apart from financing the purchase…