IUMI – the International Union of Marine Insurance – at its annual conference in Berlin yesterday announced that global hull premiums for 2014 totalled USD 7.6bn, a 5.8% reduction from 2013. IUMI’s Ocean Hull Committee Chairman, Mark Edmondson…
Dry-bulk shipper Global Maritime Investments Cyprus Ltd. filed for chapter 11 bankruptcy protection New York Tuesday in order to liquidate its business due to a continued industry downturn, reports WSJ. The bankruptcy filing of the international shipping company came in New York…
Secretary of the Navy Ray Mabus announced today that the next Independence-variant Littoral Combat Ship (LCS) will be named USS Tulsa (LCS 16).The selection of the name honors Oklahoma’s second largest city. Tulsa will be the second, commissioned ship to bear the name…
Höegh LNG Holdings Ltd. has appointed Mr. Jørgen Kildahl to the Board of Directors of the Company with effect from 15 September 2015. The Board now consists of eight members.Kildahl has since 2010 been a Member of the Board of Management (Vorstand) in E…
A China Ocean Shipping Company COSCO-China Shipping Container Lines (CSCL)merger makes financial sense, but would have huge implications for competition in the container shipping industry, according to Drewry Maritime Research. Drewry Shipping…
ABS CEO Pledges to Support Three Areas Crucial to Industry as it Tackles Current Challenges With an Eye to the FutureABS Chairman, President and CEO Christopher J Wiernicki has set out his priorities as incoming IACS chairman, emphasizing…
The directors of SHIPPINGInsight today announced that U.S. Merchant Marine Academy professor Capt. David Moskoff has agreed to be a special guest speaker at the 2015 Fleet Optimization Conference & Exhibition. The annual event takes place Oct…
At the highly anticipated International Union of Marine Insurance (IUMI) annual conference, IUMI President, Dieter Berg, detailed a number of key initiatives that will continue to raise the organisation’s profile and political influence on an international level…
The groups representing European Parliament's (EP) environment committee are urging European leaders to include international shipping in the global climate deal scheduled to be signed in Paris in December. The 28 EU member states meet…
Lee Jin-bok, a lawmaker of the ruling Saenuri Party in Korea says that the government has given an 'incentive for mutual growth' to Korea's major shipbuilders while they are accused of an unfair business practice. The three shipbuilders - Hyundai Heavy Industries…
IRClass (Indian Register of Shipping) has conducted an executive workshop, in coordination with India’s Directorate General of Shipping and the Indian National Shipowners’ Association (INSA), on Port State Control (PSC) inspections. The workshop…
Roger Holm has been appointed President of Marine Solutions, EVP and member of the Board of Management of Wärtsilä Corporation, effective 1 November 2015. In this position, he is responsible for Wärtsilä's Marine Solutions business globally…
Finland's three big trade union federations plan industrial action on Friday against the government's labor reform program. Hence, Finnish ports, already suffering from container traffic declines, are set to shut on Friday 18 September…
The annual U.S.-Ukraine co-hosted multinational training exercise Sea Breeze 2015 concluded in Odesa, Ukraine and the Black Sea Sept. 12, 2015.Maritime forces from 11 allied and partnering nations participated in the 14th iteration of Sea Breeze…
Caterpillar Inc. has been named to the 2015 Dow Jones Sustainability Indices (DJSI), recognizing Caterpillar as a sustainability leader in the Industrial Engineering sector. This marks the 16th time Caterpillar has been included in the DJSI list…