The liquefied natural gas (LNG) industry has morphed from energy's golden child to black sheep in the last two years, with demand slumping just as supplies soars. While low prices are a boon for consumers, the lack of demand and lowered…
More than 100 people representing over 70 companies attended Seaspan Shipyards’ second annual Atlantic Canada Industry Day hosted in Halifax today. During the session, attendees received an update on Seaspan’s progress on its National Shipbuilding…
Singapore's Marco Polo Marine Ltd, whose business includes building and chartering ships, said it has appointed KPMG Services as an adviser to conduct an independent business review of the company. The company, which has S$50 million ($37…
Global maritime welfare charity The Mission to Seafarers has launched its £15,000 fundraising campaign after been invited by SMM Hamburg 2016 to appear as featured guest charity at the fair which launched today.This new fundraising drive…
After successfully acquiring a controlling interest in NOL, CMA CGM has consolidated the Singapore-based company since 14 June, says a press release from the company. Singapore’s Neptune Orient Lines (NOL) is the parent company of container carrier APL…
Maersk Line, the world's biggest container shipper and a unit of Danish conglomerate A. P. Moller-Maersk, said on Friday in relation to the collapse of South Korea's Hanjin Shipping Co Ltd: * Maersk Line expects minimal impact on its customers' cargo…
Canada's trade deficit in July unexpectedly shrank on stronger non-energy exports, a sector the Bank of Canada says is crucial to helping revive an economy hit by low oil prices. Statistics Canada said on Friday that the July deficit was C$2…
The dry bulk commodity imports into and exports out of China we have seen in the first half of 2016 are very positive – and nothing short of extraordinary. But, putting it into perspective, compared to the devastating freight rate levels over the same period…
Some 44 of Hanjin Shipping Co Ltd's ships have been so far denied access to ports while 1 ship has been seized, Reuters reports quoting a company spokeswoman. The 44 ships include instances where port service providers such as lashing firms have denied service…
The National Retail Federation (NRF) Vice President for Supply Chain and Customs Policy Jonathan Gold weighs in on this week’s bankruptcy filing by Hanjin Shipping. “Retailers’ main concern is that there is millions of dollars worth of merchandise…
A/S Dan-Bunkering Ltd. has announced that Nicolai Troen was employed as Sales Manager as per August 1, 2016 in the office in Copenhagen. Troen commenced his career with Dan-Bunkering in the head office in Middelfart, Denmark, where he started as a trainee in 1998…
Buyout firm Advent International Corp has hired Morgan Stanley & Co and Grupo BTG Pactual SA to advise on the sale of a controlling stake in TCP Terminal de Contêineres de Paranaguá SA, Brazil's second-busiest container port, according to two people with direct knowledge of the plans…
SUNY Maritime College has been named one of the best colleges for its price by Washington Monthly. SUNY Maritime placed in the top 30 schools in the Northeast. It was the top State University of New York institution on the list. It is also the highest on the list SUNY Maritime has ever been…
The Coast Guard Foundation, a non-profit organization committed to the education and welfare of all Coast Guard members and their families, has announced that in 2016 it has awarded a record 128 new scholarships. Combined with multi-year scholarship recipients and three Fallen Heroes Scholars…
Sri Lanka is seeking a consortium that must include a company from the Indian subcontinent to bid for a $400 million contract to build a port terminal, the ports minister said on Thursday. The move to include an Indian subcontinent firm…
