'The container shipping industry is in the midst of an over-capacity crisis which will worsen next year,' Neil Dekker, director of container shipping research at Drewry said in a note accompanying the release of its 2015 edition of the Container Market Annual Review and Forecast 2015/16…
Danish shipping and offshore energy conglomerate, Maersk Group, kept a reduced forecast made two weeks ago for a 2015 underlying profit of $3.4bn, down from the $4.0bn previously expected. The Danish shipping giant said on Friday that…
Refining capacity in Asia has been growing rapidly for many years. Not surprisingly, the vast majority of this growth took place in China, which more than doubled its refining capacity over the last 10 years. The other significant growth engine in Asia has been India…
German shipping company Wessels Reederei has signed a contract with MAN Diesel & Turbo at the Europort exhibition for maritime technology to retrofit the 8L48/60B main engine of its 1,000-teu containership Wes Amelie to dual-fuel operation,…
Ahead of next week’s Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), global shipping, logistics and marine services provider GAC Group has announced the appointment of Shanaka Fernando as Regional Business Development Manager…
IMA/World Energy Reports has just completed a comprehensive assessment of the five year outlook for the deepwater sector. The new report – the 19th annual floater market forecast prepared by IMA since 1996 – provides our forecast of orders for floating production systems between 2016 and 2020…
Floating production services provider SBM Offshore N.V. announced that its chief executive officer Bruno Chabas has been reappointed to serve a second four-year term on the company’s management board.Chabas was reappointed today during a shareholders meeting for a term running into 2020…
The Renewables Consulting Group (RCG) announced the addition of Dan Pearson as a Director and head of the firm’s private equity and financial services practice. In his new role, Pearson will advise developers, technology companies, private equity…
Royal Dutch Shell plc announced the appointment of Maarten Wetselaar Integrated Gas Director with effect from January 1, 2016. Integrated Gas in Shell has grown into a business that generated $11 billion of cash flow per year average over the last three years…
Mitchell W. Ingram has been selected by the board of directors of Anadarko Petroleum Corporation to fill the newly created position of Executive Vice President, Global LNG. Ingram joins Anadarko's Executive Committee effective immediately…
Mr Tan will provide the opening keynote address for the World Ocean Council’s Sustainable Ocean Summit, (SOS), 9-11 November 2015.MPA Chief Executive Mr Andrew Tan stated, “Singapore is honoured to host the first Sustainable Ocean Summit to be held in Asia…
CIMIC Group today announced the appointment of Adolfo Valderas as Deputy Chief Executive Officer.Mr Valderas is the current CIMIC Group Chief Operating Officer.CIMIC Executive Chairman and Chief Executive Officer Mr Marcelino Fernández…
Dorian LPG Ltd took delivery of five vessels under our ECO-design VLGC newbuilding program, the Continental, the Constitution, the Commodore, the Cresques and the Constellation. John Hadjipateras, Chairman, President and Chief Executive Officer…
The environmental activist group Greenpeace managed to board and get a coal-carrying freighter on its way from St. Petersburg to change its course before arriving to Helsinki harbour. A Greenpeace activist has scaled the 155m long bulk carrier…
Professor Anna Gervasoni has resigned from the position of Statutory Auditor of Saipem S.p.A. due to “new professional and academic commitments”, Saipem announced today. Gervasoni had been appointed from the list presented by Eni S.p.A. at the General Shareholders’ Meeting of May 6…
