A silver Hyundai Genesis rolling down the ramp of the Wallenius Wilhelmsen vessel Isolde became the 5 millionth vehicle handled by International Auto Processing at the Port of Brunswick.“On behalf of the GPA, I would like to congratulate IAP…
Japanese automakers are being forced to ship some car parts to U.S. plants by expensive air cargo and tweak production processes as a protracted labor dispute at U.S. West Coast ports shows no signs of letting up.Fuji Heavy Industries Ltd's Subaru…
Brazil's Petrobras chose current Banco do Brasil SA Chief Executive Aldemir Bendine as its new CEO on Friday, government sources said, as the embattled state-run oil company tries to regroup following the sudden resignation of nearly all of its senior managers amid a corruption scandal…
First State Investments is taking over the ferry route Helsingør-Helsingborg including the five vessels operating the line. The contract with First State Investments became effective retroactively as of 1 January 2015.In connection with the closing of the sales…
Gazprom held the 10th annual Investor Day for the first time in the Asia-Pacific Region – in Hong Kong (February 3) and Singapore (February 5).Taking part in the events were Andrey Kruglov and Alexander Medvedev, Deputy Chairmen of the Gazprom Management Committee…
The President of the Russian Federation Vladimir Putin held a working meeting on Wednesday with the Head of Rosneft Igor Sechin, who reported on the Company’s 2014 operational results to the President of the country.The overall hydrocarbons…
The Dutch Authority for Consumers and Markets (ACM) is reportedly investigating alleged market manipulation by Europe Container Terminals (ECT), the largest container company in the Rotterdam harbor. According to anonymous sources, ACM raided…
Gazprom set up a new department to be headed by Pavel Krylov.The department will be in charge of implementing the Gazprom corporate unified technical policy in search, creation and introduction of state-of-the-art solutions, equipment and materials acknowledged worldwide…
Seanergy Maritime Holdings Corp. announced yesterdat that it has received written notification from The Nasdaq Stock Market dated January 28, 2015, indicating that because the closing bid price of the Company’s common stock for 30 consecutive business days…
Scorpio Tankers Inc. today took delivery of STI Alexis, an LR2 product tanker from Daehan Shipbuilding Co. Ltd. This vessel will begin a voyage for 52 days at approximately $33,500 per day. The Company has also exercised an option to…
Gujarat Pipavav Port Ltd. (APM Terminals Pipavav), operating one of western India’s fastest growing gateway ports, today reported a 16% jump in net profit for the fourth quarter ended 31st December 2014, as against INR 771 million…
Euronav NV announces today that following the closing of its Initial Public Offering (“IPO”) of its ordinary shares on NYSE, the Company will repay the USD 235.5 million bond issued to partly finance the acquisition of 15 VLCCs from Maersk Tankers Singapore Pte Ltd announced on 5 January 2014…
DP World Limited handled 60 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals during 2014, with gross container volumes growing by 8.9% on reported basis and 8.0% on a like-for-like1 basis. New…
Ship operator admits to covering up deliberate discharge of oil and ordered to pay $1.8 million; $450,000 of penalty to fund projects benefitting Chesapeake Bay and $250,000 awarded to crew member who provided evidence of the illegal discharges The Hachiuma Steamship Co…
The Hinode’s 2nd Conference on “Outlook for India’s Seaborne Dry Bulk Trade” held at the Hotel Vivanta by Taj President saw a significant gathering of shipowners, charterers, agents, ship managers, exporters, importers, bankers, legal experts and those in other allied fields…