Finance News

 

So, You Want to be in Bunkers?

Jun 02, 2015

A primer for the curious from Dan-Bunkering.According to Denmark-based Dan-Bunkering, a global supplier of bunker fuels, lubricants and related products and services, it is difficult if not impossible to pinpoint the perfect background for a Bunker Trader…

Weathering the Storm through Lower Manning Costs

Jun 02, 2015

As many companies continue the fight for survival in the challenging market conditions, shipping and offshore recruitment specialist Blue Ocean Marine & Offshore Solutions (BOMOS) announced its strategy to focus much stronger on cost reductions…

Glander International Bunkering Hires Trader

Jun 02, 2015

Glander International Bunkering has welcomed Collin She to the Singapore office as Bunker and Lubricant Trader. She joins Glander International Bunkering with several years experience in the Bunkering industry, originally working as a physical supplier…

Alaska LNG Gets Conditional Approval to Export

Jun 02, 2015

The Alaska LNG project marks another significant milestone with today’s announcement by the United States Department of Energy that it has conditionally authorized the Alaska LNG Project LLC to export liquefied natural gas to non-Free Trade Agreement countries…

Pangaea Bags Extensions for two Contracts of Affreightment

Jun 01, 2015

Pangaea Logistics Solutions has received extensions for two contracts of affreightment (COA) for dry bulk materials, which it says will generate up to $22m in revenue over the next three years.  The extended contracts will also optimally position Pangaea vessels for backhaul routes…

Strike at Peru's Top Port Likely to Stoke Inflation

Jun 01, 2015

A dockworkers strike at Peru's biggest port, Callao, has hit imports of basic goods in the Andean country and will likely stoke inflation, the main exporters association said Monday. The 18-day strike has nearly frozen activities at the…

Aker Arctic Acquires Canada’s Akac

Jun 01, 2015

Aker Arctic Technology Inc has acquired full ownership of Canadian based company Akac Inc, which is known in the oil and gas industry for its involvement in the Arctic offshore projects and operations. According to Aker Arctic Technology…

Shipping Company To Pay $800K For Dumping Oil

Jun 01, 2015

AML Ship Management GMBH, a German company, was sentenced in federal court today to pay a total of $800,000 in fines and community service payments for violating the Clean Water Act and the Act to Prevent Pollution from Ships by intentionally discharging 4…

PowerCell Sweden Appoints Nilsson as CFO

Jun 01, 2015

The newly listed fuel cell company PowerCell Sweden AB (publ) has appointed a new CFO. Karin Nilsson assumes her new position in August 2015.Nilsson joins PowerCell from vehicle digital market place KVD Kvarndammen AB, where she has served as CFO since 2010…

DNV GL sees Hybrid Propulsion, Connectivity the Emerging Trends

Jun 01, 2015

With 2020 in sight, DNV GL looked at the lessons to be learned from the update to the classification society’s “Shipping 2020” report which was published in 2012. Now, three years later, hybrid propulsion systems and connected ship solutions…

Wärtsilä Debuts PSV Design at Nor-Shipping

Jun 01, 2015

With new rules and regulations affecting the platform supply vessel (PSV) market, Wärtsilä is launching a new PSV ship design at this year's Nor-Shipping exhibition being held in Oslo from June 2-5. The new design puts emphasis on increased cost efficiency…

MacGregor Optimises UASC's Container Vessels Payload

Jun 01, 2015

United Arab Shipping Company's first ultra-large container vessel has entered service equipped with a MacGregor high-efficiency cargo handling system, which is designed to maximise payload potential and operational efficiency and reduce environmental…

First Iranian Ship Docks at Oman's Sohar Port

Jun 01, 2015

The first cargo ship delivering Iranian goods docked at the Omani port of Sohar,  a few weeks after Tehran and Muscat opened a new shipping route.  The vessel, titled Genaveh 12,  container with a capacity of 96 TEUs, is the first ship put into operation in the new Iran-Oman shipping line…

Odisha’s Paradip Port on the Verge of Closure?

Jun 01, 2015

Odisha Cooperation and Excise Minister Damodar Rout today alleged that there has been a big conspiracy to curtail the business of Paradip port in Odisha.  He said the Central government has knowingly hatched a conspiracy to make Odisha’s Paradip port defunct…

USS Montpelier Modernization Contract for General Dynamics

May 30, 2015

The U.S. Navy has awarded General Dynamics Electric Boat a $46.4 million contract for planning efforts in support of maintenance and modernization work on USS Montpelier, a Los Angeles-class attack submarine. Electric Boat is a wholly owned subsidiary of General Dynamics…

Logistics News

Iran, Israel Trade Blame As Commercial Shipping Is Threatened By Conflict

Iran, Israel Trade Blame As Commercial Shipping Is Threatened By Conflict

Commercial Ships Advised to Keep Distance From Iran Around Strait of Hormuz

Commercial Ships Advised to Keep Distance From Iran Around Strait of Hormuz

X-Press Feeders Group, COSCO SHIPPING Lines Partner to Enhance Feeder Connectivity

X-Press Feeders Group, COSCO SHIPPING Lines Partner to Enhance Feeder Connectivity

War Insurance Costs to Israel Soar

War Insurance Costs to Israel Soar

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