Throughput at Ennore-based Kamarajar Port Ltd increased 10.6 per cent in 2014-15 to 30.25 million tonne as against 27.34 mt registered during the previous year. The port has posted a 5 percent growth in pre-tax profit to Rs 421.47 ($70 million)…
Falling oil prices, heightened geopolitical tensions and sluggish, uncertain growth in the global economy are directly impacting the maritime industry, causing Norwegian shipowners to be less optimistic than last year regarding both turnover and profitability…
Congressman Garamendi Makes Case for Revitalization of American Shipbuilding Industry and American Jobs at Bay Planning Coalition Meeting in Oakland Today, Congressman John Garamendi (D-Fairfield, Calif.), the Ranking Member of the House…
Who – shipowner or insurer – should bear the costs of any action taken to prevent a stricken vessel from getting into further costly difficulties? A seminar organized jointly by the Association of Average Adjusters and the International Underwriting…
A/S Dan-Bunkering Ltd. has announced that Anne Kathrine Bergmann has been employed as bunker trader in the Copenhagen office.Bergmann comes from a previous career in insurance sales and supply chain management. Sales Manager Rune Andreasen…
About $100 million will be available to various port authorities, facility operators and state and local government agencies who have developed an Area Maritime Security Plan as part of the 2015 FEMA port security grant program. Eligibility…
Markel International, the specialist insurer with a worldwide product portfolio, hosted a seminar on insolvency issues in Singapore earlier today.The seminar which was attended by around 70 brokers, lawyers and business professionals from a range of industries…
Wärtsilä signed a 5-year Technical Management Agreement with Golar Management Oslo for delivery of services to Golar LNG - one of the largest independent owners and operators of liquefied natural gas (LNG) carriers in the world. The service agreement includes remote monitoring of engines…
Industry Minister James Moore told CTV’s Question Period, yesterday, that Canadians will soon be seeing “very large-scale [infrastructure] announcements in every part of the country.” Moore went on to say that these investments will benefit Canadians and increase productivity…
Frost & Sullivan today launched its latest research, Mega Trends Malaysia in collaboration with the Malaysian Investment Development Authority (MIDA). Mega Trends are defined as transformative, global forces that define the future world with their far reaching impact on business…
An uncertain future, an unparalleled record of safety and a history of many ‘industry firsts’ propel Excelerate into the next phase of an always exciting and ever-changing global LNG market. The view from a market leader brings it all into focus…
Master Chef Henry Anderson of Marine Catering Services (MCS) has seen it all in his career both as a Catering Consultant and Chef onboard sea going vessels, oil rigs and land based units. He is the founder of MCS and is passionate about his profession…
At a March 5 reception at the Seattle Waterfront Marriott, Holland America Line was presented with a Sparkie Award by the United Way of King County, Washington. The Sparkie Awards recognize organizations that make a difference locally through enthusiastic and innovative community work…
Knightsbridge Shipping Limited has completed its previously announced merger with Golden Ocean Group Limited.In connection with the closing of the merger, Knightsbridge will change its name to Golden Ocean Group Limited. Trading in the shares…
Rand Logistics, Inc. announced today that it has closed a $170.0 million revolving loan facility which refinanced approximately $102.0 million of the company's senior secured debt and increased credit availability. Rand said in a statment…
