Intensifying crackdown on corruption China’s National Audit Office released an audit report for state-run shipping conglomerate Cosco Group in which it has uncovered substantial financial irregularities. The report found that Cosco had…
A group of 27 Danish institutional investors say they will launch a legal action against the former management of OW Bunker, a shipping company that filed for bankruptcy last year just six months after listing, and the private equity firm that brought the company to market…
A number of environmental groups are asking the Department of the Interior to rescind permission Shell has been granted to begin exploratory drilling in the Arctic this summer because the company's plan would not protect the walrus.Shell's…
The yacht Serenity, skippered by Fridtjov Bergmann, proudly flies the Bergen Shetland Blue Ribbon as first to finish this year’s race across the North Sea from Norway.He later received Lerwick Port Authority's trophy for first yacht over the line…
Emergency crews recovered on Friday the bodies of nine people from the wreckage of a sightseeing plane that remains teetering on a steep rock face after crashing in Alaska, a rescue official said.Eight passengers and the pilot were killed when the aircraft…
United Arab Shipping Company's (UASC) newest vessel, the 18,800 teu Barzan, has made its maiden call at the Port of Felixstowe, the Port of Britain.The biggest container ship in the UASC fleet, the mega-ship arrived at the UK's largest container port from Port Kelang in Malaysia…
As Imperial Oil, as senior partner in the northern venture with ExxonMobil and BP, told Canada’s National Energy Board (NEB) that the exploration program has been deferred, the plan to revive arctic gas and oil drilling in deep Canadian waters of the Beaufort Sea ground to a halt…
An Illinois man who was captain of a petroleum barge that exploded in a Chicago canal in 2005, killing a crew member, was sentenced to six months in prison on Friday, prosecutors said. Dennis Egan, 36, of Topeka in central Illinois, and the barge owner…
“Viking Sea”, the second of three ships which Fincantieri is currently building for the company Viking Ocean Cruises, was launched today at Fincantieri’s shipyard in Ancona. Interior fittings will now begin, leading the ship to its delivery scheduled in spring 2016…
Sustainability is now firmly on the global business agenda, but there is an urgent need to turn words into action. This is a key conclusion in the independent report; “Impact – Transforming Business, Changing the World” prepared by DNV GL on behalf of the United Nations Global Compact…
The Royal Australian Navy Adelaide class frigate, HMAS Melbourne, has successfully fired two Evolved Sea Sparrow Missiles, reinforcing her war-fighting and mariner skills. The missile firings were conducted off the coast of New South…
Aker Philadelphia Shipyard ASA has appointed Jan Ivar Nielsen as Chief Financial Officer effective September 2015.Since 2009, Nielsen has held the position of CFO of VARD Holdings, a publicly listed global designer and builder of offshore…
The port of Antwerp, the second-largest in Europe, is to collaborate with Shanghai Maritime University (SMU), a world-renowned centre of maritime know-how. As of next academic year four master’s students at SMU will receive a Port of Antwerp Maritime Award…
U.S. Coast Guard and maritime law enforcement agencies on the Great Lakes and surrounding areas will partner up Friday through Sunday for the seventh annual Operation Dry Water campaign, a nationwide, multiagency effort focusing on boater education and raising awareness that it is unsafe…
“The prosperity of the United States is inextricably entwined with that of the rest of the world and international trade agreements provide stability and equity enabling increased trade,” said American Association of Port Authorities (AAPA)…