Keppel Corporation Limited (Keppel) is pleased to announce the appointment of Mr Till Vestring as Independent Director on the Company's Board with effect from 16 February 2015Mr Vestring, 50, is a partner in Bain & Company's (Bain) Southeast Asia office…
U.S. coffee importers have begun diverting shipments bound for West Coast roasters to ports on the Gulf and East Coasts due to a labor dispute that has caused prolonged backlogs in California, market sources said.Traders said they began…
Clogged ports along the U.S. West Coast reopened to cargo vessels on Friday after a daylong closure, but shippers planned to re-impose a partial shutdown through the holiday weekend barring a settlement in stalled labor talks with the dockworkers union…
Euroseas Ltd. an owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes, announced today its results for the three month period and full year ended December 31…
In order to remain competitive and reduce costs, the management of Viking Supply Ships A/S (VSS) has decided to close down the Aberdeen office with effect from 1 July 2015.The Aberdeen office has operated the Viking PSV fleet and the organisational…
Mitsui O.S.K. Lines, Ltd. announced today that through a joint venture ship-owning company with Itochu Corporation charter agreements have been signed with E.ON Global Commodities SE, a wholly owned subsidiary of E.ON SE. The joint venture…
Former Port of New Orleans Cruise and Tourism Director Robert Jumonville received the 2015 American Association of Port Authorities (AAPA) Cruise Award yesterday during the AAPA biennial Cruise Seminar in Fort Lauderdale, Fla. The AAPA…
Hafnia Tankers Ltd have entered into an agreement to acquire 4 LR1 product tankers.This acquisition confirms the commitment of Hafnia Tankers and its stakeholders to further expand the business within the product tanker segment.The vessels are: Kihada – to be renamed Hafnia Africa…
Eastern Shipbuilding Group, Inc. introduced its new 120-foot, 4,200-horsepower Inland Towboat design, THUNDERBOLT, combining twin electric V-Pod propulsion and diesel-electric technology for what the builder calls its “vision of the future for the U…
The National Marine Manufacturers Association (NMMA) presented an Innovation Award to Volvo Penta for its new Forward Drive (FWD) propulsion system in the Alternate Drive Technology category at the 2015 Miami International Boat Show today…
Senior military leaders from 14 nations gathered at U.S. Pacific Fleet (PACFLT) headquarters here in Hawaii for the Naval War College Combined Force Maritime Component Commander (CFMCC) Flag Officer Course Feb. 5-11.The 27 CFMCC participants came from Australia…
According to The Swedish Club, half of the costs of hull and machinery claims handled by the Club have arisen due to navigational claims such as collisions, contacts or groundings - a figure that has remained steady over recent years despite…
A detailed analysis of the root causes of insurance claims show 80% of bodily injuries at global ports and container terminals involve handling equipment or vehicles.Speaking at the Philippine Ports and Shipping Conference in Manila today…
The CMA CGM Group has contributed to the TRAXENS startup capital increase. Two other investment funds – CAAP Création (Crédit Agricole Group) and S.C.R. Provençale et Corse (BPPC Group) – are also part of the initiative.This capital increase…
Five new Arc 7 design ice-class LNG carriers being built at the Daewoo Shipbuilding and Marine Engineering (DSME) yard in South Korea will be powered by a total of 30 Wärtsilä 50DF dual-fuel engines. The vessels will operate in arctic conditions to serve the Yamal LNG project in Northern Russia…