Mitsui O.S.K. Lines, Ltd. today announced that on July 5, 2015, the MOL-operated bulk carrier Spring Zephyr safely rescued all three survivors clinging to driftwood 165 km east of the island of Mindanao, the Philippines.Details of the…
Trine Sæther Romuld has informed Kværner ASA that she resigns from her position as non-executive Director and Chair of the Board's Audit Committee of the Company with immediate effect. This is due to change in employment to a position without opportunity to hold directorships…
The port of Baku on the Black Sea is Azerbaijan’s largest port. Now to support its further development it is calling on the know-how and expertise of the port of Antwerp. For this purpose the management of Baku International Sea Trade Port…
Platts, a leading global energy, metals, petrochemicals and agriculture information provider, announced today that it has acquired Petromedia, a specialist provider of news and analysis for the shipping and oil industries. The purchase helps…
In order to meet demand and keep the system moving, all available back-up Washington State Ferries vessels will be called into service while two larger ferries are out for emergency repairs between Monday, July 20, and Wednesday, July 22…
Unpredictable markets and continuing marine claims volatility means the international shipping industry is facing a particularly challenging time, says Pratap Shirke, chairman of North P&I club. His comments are published today (16 July 2015) in the 170 million GT…
South Australian defence shipbuilding company ASC has axed 101 blue collar jobs from its facility at Osborne near Port Adelaide. The submarine and shipbuilder ASC has let go 101 contractors from its facility in Adelaide in a move it says…
A flotation of a minority stake could value the world's fourth-largest shipping group German-Chilean Hapag-Lloyd AG at more than 5 billion euros ($5.5 billion) and could take place as early as autumn. Hapag-Lloyd AG has already mandated investment banks Deutsche Bank AG…
Singapore Sovereign Wealth Fund Temasek Holdings has put Neptune Orient Lines (NOL) up for sale, says a Wall Street Journal (WSJ) report. The WSJ reported that Temasek was in talks with one buyer in recent months but the two sides could not agree on a price for the loss-making company…
Waterways Council, Inc. (WCI) has named Tracy R. Zea as its Director-Government Relations, effective August 4. He will be based in the Washington, D.C. office and will primarily advocate for WCI’s goals for authorizations and appropriations which support a modern…
Oslo-listed offshore shipowner Subsea 7 has signed an agreement with Houston-based company, KBR and its subsidiary Granherne, to form an alliance in the delivery of concept and front end engineering and design (FEED) services. This is the…
Kinder Morgan Inc. will buy out Royal Dutch Shell PLC’s interest in their proposed Elba Liquefaction Co. (ELC ) joint venture in Georgia. Houston-based Kinder Morgan already owns 51% of the ELC joint venture. The firm said it would buy…
EMGS has received permits from Mexico's Comisión Nacional de Hidrocarburos (CNH) authorizing the acquisition of up to approximately 88,000 square km 3D EM multi-client data in the Salina de Itsmo Basin. EMGS will prioritize acquiring…
Rear Adm. Michael White, commander, Naval Education Training Command, from Denver, accepted a proclamation from Cheyenne's Mayor Richard Kaysen during the Cheyenne Navy Week Kick-Off Concert, July 14.The Kick-Off Concert featured U.S…
Akastor ASA announced that its Board of Directors has appointed Kristian Røkke as its Chief Executive Officer. Mr. Røkke will succeed Frank O. Reite, who will take the position of Chief Financial Officer at Aker ASA.Kristian Røkke, who is…