Alfa Laval is ready to help customers meet a global 0.5% sulphur fuel limit, no matter what the outcome of the MEPC70 meeting. The new Alfa Laval PureSOx Global is part of a major expansion of the PureSOx platform that will be released at SMM in Hamburg…
Thailand-based Thoresen Thai Agencies (TTA) has disposed of all its holdings in affiliated ship agency Thoresen Shipping and Logistics Ltd (TSL). TTA said in an exchange filing that it had disposed of around 240,000 TSL shares to Thailand-based Naxco Shipping and Logistics…
The European Union Ship Recycling Regulation has been effective since 2013 and applies to all ships entering ports and terminals of EU Member States. While it is consistent with the broad objectives established in the International Maritime…
The captain and first officer of an ocean going tug boat have been found guilty of drug trafficking following the biggest ever U.K. seizure of class A drugs, the country’s National Crime Agency (NCA) announced. The cocaine, worth an estimated…
International law firm Hill Dickinson continues to strengthen its growing commodities team with the return of partner Andrew Buchmann.Following qualification in South Africa, Andrew joined Hill Dickinson’s London office in 2003. He returned to South Africa in 2008…
The Annual General Meeting of BOURBON shareholders held on May 26, 2016 approved the payment of the dividend for 2015 of €1.00 per share and that each shareholder can choose to receive the dividend either in cash or in new shares.The period for exercising the option ran from June 15…
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…
Driven by strong imports, The Port of Virginia handled 216,672 twenty-foot equivalent units (TEUs) in its strongest June cargo performance on record that helped to push the port to a solid finish for fiscal year 2016.“We finished fiscal year 2016 in positive territory…
While the nature of the United Kingdom’s future trading relationship with the European Union (EU) will take some time to become clear, it is important to realise that in the immediate aftermath of the result of the UK’s recent EU referendum…
Myanmar has deposited its instrument of accession to the 1992 Protocol to the International Convention on Civil Liability for Oil Pollution Damage (CLC). The efforts to bring the legislation into national law followed the participation…
Maritime Cook Islands (MCI) has authorized the China Classification Society (CCS) as a Recognized Organization (RO), to conduct survey and certification of ships flying the Cook Islands flag. The formal agreement between MCI and CCS which…
Moody's Investors Service confirmed the ratings of Teekay Corporation ('Teekay', or 'Parent'): Corporate Family Rating ('CFR') at B3 and senior unsecured debt rating at Caa1. Concurrently, Moody's upgraded the Speculative Grade Liquidity rating to SGL-3 (adequate)…
Today, another milestone agreement was reached as Panama Canal Administrator and CEO Jorge L. Quijano and PortMiami Director Juan M. Kuryla renewed a Memorandum of Understanding (MOU) to promote trade opportunities and share best customer practices…
The prospect of the United Kingdom leaving the European Union – nicknamed ‘Brexit’ – has raised a number of questions regarding the status, now and in the future, of sulphur regulations in the UK. In response to some of the questions raised…
ClassNK released its annual report on Port State Control. The report aims to assist ship operators and management companies in maintaining compliant operations by providing information about ships detained by PSC as well as deficiencies that were found on board from many port states in 2015…