The Maritime and Port Authority (MPA) of Singaporehas announced an additional 10 per cent concession on port dues for container vessels calling in Singapore, with port stays of up to five days, to help the shipping industry tide over the current economic downturn…
Singapore’s maritime industry had a mixed performance in 2015. While the Republic remained the world’s top bunkering port, with the volume of bunkers sold last year increasing by 6.5 per cent, container and cargo throughput contracted by 8…
Dana Gas PJSC, a publicly listed natural gas company in the Middle East, has announced several key senior management appointments. Chris Hearne was appointed as the Chief Financial Officer of the company on January 4, 2016. Prior to joining Dana Gas…
The Australian Renewable Energy Agency (ARENA) is providing $181,000 funding to support Bombora Wave Power (Bombora) to complete a detailed cost of energy study for its Wave Energy Convertor (WEC).Bombora’s WEC design uses a responsive…
China's state-owned shipper China Ocean Shipping (Group), also known as Cosco Group and owned by China COSCO Holdings, is on track to acquire Greece's largest container port, gaining a key foothold to expand China's economic and military presence in Europe and Africa under the 'One Belt…
Former Hapag-Lloyd CFO Peter Ganz has joined the top management team of the Hamburg asset and investment manager MPC Capital AG's shipping business with effect from 1 January 2016. As a member of the extended Management Board the 48-year…
China Merchants Holdings (International) Company Limited, has announced that it has signed a share subscription agreement with Dalian Port (PDA) Co., under which Dalian Port will issue 1.1bn new shares to China Merchants for HK$4.3bn ($554m)…
Network of regional maritime technology cooperation centres to be established through €10 million funding contribution. An ambitious IMO project to establish a global network of Maritime Technology Cooperation Centres (MTCCs) in developing…
Boosting Sri Lanka’s international investment profile, the world’s largest shipper Maersk Line is moving for Sri Lanka entry. The Danish multinational Maersk Line has been the world’s largest container shipping company since 1996. It operates…
The State University of New York yesterday awarded $750,000 from its Investment and Performance Fund to Maritime College to boost student success and completion rates. The grant was among the largest paid for with money from the fund. “Academic…
BP plans to cut 4,000 jobs in upstream operations, 600 in North Sea.British oil and gas company BP announced plans on Tuesday to slash 5 percent of its global workforce in the face of a continued slump in oil prices.It said it aims to reduce its global oil production…
Petrogas Private Limited, a joint venture company between Isomeric Holdings Bhd from Malaysia and LEPL Ventures Pvt Ltd (LEPL) from Vijayawada, has signed a facilitation MoU with Krishnapatnam Port Company Ltd (KPCL) and Andhra Pradesh government…
UK marine industry grows for fourth consecutive year; new figures released at the London Boat Show 2016 The U.K. leisure, superyacht and small commercial marine industry continue to grow, according to new statistics published today by British Marine at the London Boat Show 2016…
Global commodities trader Trafigura said on Monday it had hired former asset manager Chin Hwee Tan as its chief executive officer for the Asia-Pacific.Tan will be responsible 'for continuing the growth of Trafigura's business across the region'…
French liner giant CMA CGM has acquired last week a total of 2.26 million shares in Neptune Orient Lines (NOL), six months before it is scheduled to make good its S$3.4 billion takeover bid for the Singapore-listed liner, reports Business Times…
