The Athens, Greece-based DryShips Inc. (DRYS) has reported a loss of $59.2 million in its first quarter. DryShips is an owner of dry bulk carriers and tankers that operate worldwide. The company said it had a loss of 9 cents on a per-share basis…
International freight insurer TT Club convened a special seminar at the recent conference on transport and logistics, Trans Russia in Moscow. Lead by TT Club’s General Manager, EMEA, Kevin King and Kirill Berezov from the insurer’s long-established Russian network partner Panditrans…
Rand Logistics, Inc. has welcomed Mark Hiltwein as Vice President & Chief Financial Officer, reporting to Rand's President and Chief Executive Officer, Edward Levy.In this role, Hiltwein will be responsible for all aspects of the company's financial management…
A/S Dan-Bunkering Ltd. has announced following staff changes.Anders Høj Sørensen has been promoted Senior Bunker Trader as of May 1, 2015. Sørensen started as a Bunker Trader in the office in Copenhagen in 2007 and has over the years displayed…
Ana Zambelli, currently Managing Director for Subsea Operations at Transocean, will take up the role as Chief Commercial Officer (CCO) in Maersk Drilling. She will start 1 June 2015 reporting directly to CEO Claus V. Hemmingsen.Ana Zambelli…
The activity on the demolition market is off to a good start in 2015 when looking at dry bulk tonnage, according to international shipping association Baltic and International Maritime Council (BIMCO). The dry bulk market has long suffered…
Suezmax tanker owners are among the “happiest” ones when it comes to the performance of their vessels during 2014, as well as throughout this year as well says the latest weekly report from the London-based shipbroker Gibson. For most of last year the Suezmax market outperformed VLCCs…
Akbar Associates has won the bid for constructing the second liquefied natural gas (LNG) terminal in Pakistan by offering the lowest tariff of 49.87 cent per million British Thermal Unit (mmbtu) for the LNG terminal. The board of Sui Southern…
From 1 June 2015, the administrative burdens imposed on the maritime industries in Denmark and the rest of Europe will be reduced through the implementation of a new electronic reporting system.'National Single Window'.This is the name…
Diana Shipping Inc. a global shipping company specializing in the ownership of dry bulk vessels, and Wilhelmsen Ship Management (“WSM”) today announced that they have established a new 50/50 joint venture named Diana Wilhelmsen Management Limited (“DWM”)…
Shipping services company Clarkson PLC warned that the outlook for the industry remains mixed in the short term and dry bulk and offshore in particular present challenges. 'The near term industry outlook remains mixed and the challenges in some of our markets continue…
South Korea plans to enable its citizens and foreign tourists to wager on new cruise ship services that will serve ports around the country, reports the Korea Joongang Daily newspaper. Some major overseas cruise companies – such as Genting…
AP Moller-Maersk has returned to South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering for its latest series of ultra-large container ships (ULCS), reports The Korea Economic Daily. The total contract to build 11 ultra-large containerships is worth US$1…
The Port of Long Beach this week is celebrating National Small Business Week and its own 10 years of working to encourage small companies to compete for contracts and other opportunities with the City of Long Beach Harbor Department.Last…
The Port of Montreal is expecting a banner year of tourism. The emergence of spring marks the beginning of a brand new cruise season, says Tourisme Montréal. With no fewer than 19 ships expected, including 5 new ones (the Oceania Marina…
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