Finance News

 

Hong Kong Trekkers Pledge $59K for Sailors’ Society

Dec 17, 2015

140 industry supporters brave the Hong Kong trail in monsoon conditions to raise funds for seafarers in need.Some 140 Sailors’ Society supporters took on a 32km trek along the Hong Kong trail to raise money for the global maritime charity…

Maersk Joins WTO’s Global Alliance for Trade Facilitation

Dec 17, 2015

The new alliance was announced at the 10th WTO Ministerial Conference in Nairobi, Kenya and consists of governments, international companies such as Maersk Group, DHL and Wal-Mart, and the International Chamber of Commerce and the World Economic Forum…

Highest Funding for Corps, Navigation Programs

Dec 17, 2015

WCI today applauded the work of negotiators to reach a final agreement last night for an FY 2016 Omnibus Appropriations bill that funds the Corps of Engineers’ Civil Works program under the Energy & Water Development Appropriations bill.…

Great Lakes Towing, Shipyard Announces Hiring Push

Dec 17, 2015

The Great Lakes Towing Company & Great Lakes Shipyard announced it is now hiring with 50 jobs currently available. The shipyard is now seeking candidates to fill a range of positions including naval architects, shipyard welders and pipe fitters…

New Incentive for Ships that Bunker LNG in Rotterdam

Dec 16, 2015

Rotterdam is introducing an additional incentive to bunker LNG, liquefied natural gas. The Port of Rotterdam Authority has reserved a total of EUR 1.5 million for this incentive. The scheme will apply until 2020.  Up until this time, seagoing…

NOIA Rebuts “Red Herring” Study on Atlantic Development

Dec 16, 2015

NOIA President Randall Luthi issued the following statement regarding a report released today by SELC which attempts to discredit an earlier study by Quest Offshore: “The Quest Study estimates the potential for jobs, economic activity…

GAC celebrates 30 years in India

Dec 16, 2015

GAC India has celebrated 30 years of operation in the country with an event held at the Trident, Bandra Kurla Complex.GAC Shipping (India) Pvt. Ltd. was the first GAC office to open in the Indian Subcontinent. Operations began in 1985…

VLCC Earnings Set for Strong Growth

Dec 16, 2015

MSI’s proprietary tanker market model predicts firm earnings scenario in first half of next year before weight of fleet growth starts to suppress ratesLondon, December 15, 2015. The latest Tanker Freight Forecaster from Maritime Strategies…

Antwerp Port Makes Big Impression in India

Dec 16, 2015

A few months ago the Essar Group from India decided to buy back the shares from her daughter company Essar Ports Limited (EPL). Port of Antwerp International (PAI), the international consulting and investment subsidiary of Antwerp Port Authority…

Global Marine Port and Service Industry to Grow at a CAGR of 4.7%

Dec 15, 2015

According to a new industry report published by Lucintel, the future of the global marine port and service industry looks good, with opportunities in the marine freight transportation industry.  As per a Lucintel study, the global marine…

Next Exxon CEO Likely to be Internal Candidate

Dec 15, 2015

Exxon Mobil Corp's appointment of the head of its refining business as its new president makes him the probable successor to Chief Executive Rex Tillerson and was designed to avoid raising eyebrows on Wall Street, analysts said on Monday.The new president…

DP World, Prince Rupert Port Ink Feasibility Study Deal

Dec 15, 2015

DP World and the Prince Rupert Port Authority have announced an agreement to study further expansion of the Fairview Container Terminal in Prince Rupert.  The agreement was signed by DP World Canada Group General Manager, Maksim Mihic, and Prince Rupert Port Authority President & CEO…

Danos Appoints 3 to Sr. Positions

Dec 15, 2015

Danos announces the hiring of Marc Distefano, John Danos and Jack Roszelle to leadership positions with the company. “We welcome Marc, John and Jack to the Danos team,” said CEO and President Hank Danos. “Their expertise and experience…

DP World to Tackle Illegal Wildlife Trade

Dec 15, 2015

Global marine terminal operator DP World has agreed to a set of 11 principles designed to help tackle the US$ 19 billion illegal wildlife trade.In a groundbreaking meeting in London last week, members of the United for Wildlife International…

IACS Council Establishes Cyber Panel

Dec 14, 2015

The International Association of Classification Societies (IACS) has created a Cyber Panel to lend support and resources to address what has become a key industry issue.IACS panels represent the top tier of the Association's issue-specific bodies…

Logistics News

Port Houston Surpasses 2 Million TEUs in June, Looks Ahead to Maritime Conference

Port Houston Surpasses 2 Million TEUs in June, Looks Ahead to Maritime Conference

Greek-Managed Tankers Divert Around Africa to Avoid Red Sea Attacks

Greek-Managed Tankers Divert Around Africa to Avoid Red Sea Attacks

Global Shipping's Q3 Outlook Centers on Geopolitical Instability (again)

Global Shipping's Q3 Outlook Centers on Geopolitical Instability (again)

Tideworks Technology’s Traffic Control Solution Deployed at Florida International Terminal

Tideworks Technology’s Traffic Control Solution Deployed at Florida International Terminal

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