Cyprus has announced the names of successful bidders who will undertake three sectors of operations at the eastern Mediterranean island's primary port of Limassol. The first – comprising Germany’s logistics company EuroGate International…
John K. DeCrosta will serve as the Federal Maritime Commission’s (FMC) Senior Advisor for Legislative and Public Affairs, announced FMC Chairman Mario Cordero. The position reports directly to the Chairman and coordinates all legislative and public affairs activities throughout the Commission…
AkzoNobel has announced the issue of more than 126,000 carbon credits worth more than $500,000 – the first to be awarded under the company’s landmark scheme for the shipping industry – which was developed in conjunction with the Gold Standard Foundation and the Fremco Group…
CMA CGM acquisition target Neptune Orient Lines (NOL) has made all necessary anti-trust filings and expect that the approvals will come sometime in the middle of 2016. NOL group president and chief executive Ng Yat Chung said NOL, which…
The German shipping line Hapag-Lloyd posted an operating profit of €366m ($406m) in 2015 compared with a loss of €382m a year earlier. The ocean carrier, which merged with the container arm of Chile’s CSAV in late 2014, reported revenue of $9…
The Sustainable Shipping Initiative (SSI) is calling on the wider industry to embrace new finance models to fund clean tech upgrades and back calls for a new international framework for tackling shipping emissions. SSI has announced the…
India’s biggest private port operator Adani Ports and Special Economic Zone (APSEZ) is actively looking at acquisitions to complete its “string of pearls” ports strategy, reports Livemint. CEO Karan Adani is leading the drive, it adds. In India…
International accountant and shipping adviser Moore Stephens has warned that shipping sector employers need to take action to ensure that they meet their compliance obligations following a recent ruling by the High Court in London that peripatetic ships’ crew living in the UK…
Former FMC counsel David Tubman has served in FMC Commissioner Doyle's office as counsel since 2013 at U.S. Federal Maritime Commission. After being cleared by the White House and U.S. Department of Transportation late last week, starting today (February 22…
Ports of Auckland Chief Executive Tony Gibson has announced a ‘solid’ half year result for the company, achieved despite a fall in volumes and revenue. The port produced an interim net profit of $31.6 million for the six months to December 31…
Offshore marine services provider PACC Offshore Services Holdings (POSH) has plunged into the red in 2015 due mainly to a huge impairment charge of $144.58m. The group reported yesterday a net loss of US$149.7 million (S$211 million) for the three months to Dec 31…
The captain of the doomed El Faro warned that the 'clock was ticking' as his cargo ship took on water in an Atlantic hurricane that would eventually sink the vessel, a U.S. Coast Guard panel heard on Saturday.Captain Michael Davidson pleaded for help as his ship…
China was warned by many the United States and the European Union that it should respect a ruling later this year on its dispute with the Philippines over territory in the South China Sea, reports Reuters. In a message has been sent to China…
The cash-strapped Indian shipbuilder ABG Shipyard will likely close the deal for a 51 per cent stake sale by the end of this financial year, its managing director and CEO Syed Abdi said. Syed said the company had narrowed it down to one…
The International Chamber of Shipping, as the Secretariat for the Shipowner Group at the International Labour Organization (ILO), co-ordinated employers’ representatives at the Ad Hoc Tripartite Maritime Committee on the Seafarers’ Identity Documents Convention (Revised)…