Assent Medical Cost Management has named Renee Hughes as the Senior Business Development Executive. Hughes will direct business development for domestic and international maritime bill review and negotiation for Assent. She will target P&I clubs…
In a meeting in the Corporate Assembly of Statoil ASA March 18, 2015, Rebekka Glasser Herlofsen was elected as new shareholder representative to the company’s board of directors.Grace Reksten Skaugen withdraws from the position as a member of Statoil’s board of directors…
More than 700 union workers at the largest U.S. refinery unanimously approved a new contract in a vote at their union hall in Port Arthur, Texas, on Tuesday night, said union officials.The United Steelworkers union (USW) also said workers…
Nordic American Offshore Ltd. (NAO) executive chairman, Herbjørn Hansson, has increased his ownership in the company, purchasing an additional 50,000 NAO shares with his son, Alexander, yesterday at about $7.83 per share. In a letter to NAO shareholders…
DGS Marine, a global P&I (protection and indemnity) management provider, and exclusive manager for the British European and Overseas (BE&O) P&I facility, has announced a 15% premium growth following the completion of P&I renewals on February 20th…
International Transport Intermediaries Club (ITIC) says fraudulent diversion of funds is on the increase in the maritime sector.Having previously issued a warning about the fraudulent diversion of port expenses, ITIC says it is now seeing…
The United Steelworkers union and oil companies have reached a tentative deal to end the largest U.S. refinery strike in 35 years, the labor group and people familiar with the negotiations said on Thursday.The new agreement for about 30…
Third ocean shipping executive pleads guilty to price fixing on ocean shipping services for cars and trucks An employee of Japan-based Nippon Yusen Kabushiki Kaisha (NYK) pleaded guilty today and was sentenced to 15 months in a U.S. prison for his involvement in a conspiracy to fix prices…
The State University of New York Maritime College is officially open for business, after receiving formal designation as a tax-free area under Governor Andrew Cuomo’s START-UP NY program.In a March 2 letter to Maritime College President Michael A…
The Port of San Diego plays a critical role in San Diego County's economic rebound by pumping more than $7.6 billion a year into the region from employment, sales and purchases of goods and services, according to a recent report. 'The data…
Global Ship Lease, Inc. (NYSE:GSL) took delivery of a 2004-built, 8,063 TEU containership, the OOCL Qingdao. Upon delivery, the vessel commenced a timecharter back to Orient Overseas Container Line (UK) Limited, an affiliate of the seller, for 36 to 39 months at a rate of $34…
SCI announces the opening of registration for the SCI Mountain Challenge: a test of endurance inspired by mariners. From September 24-27, 2015, the Seamen’s Church Institute (SCI) sponsors a race that mirrors the one mariners run every day…
Dan-Bunkering (America) has announced that Michael Brunø-Sørensen has been employed as Sales Manager with immediate effect.Brunø-Sørensen who was most recently employed by OW Bunkers and comes with some 20 years of experience from the business…
The U.S. oil and gas sector bled away more jobs last month as sustained low oil prices forced energy producers to reduce spending, suggesting that further pain may be ahead for the struggling industry. A roughly 50 percent drop in oil prices since June has pummeled the U…
Funding concept promotes installation of scrubber systems by offering financing to shipowners, with returns taken from fuel price spread In a move intended to help ease the financial burden on shipowners seeking to install scrubber systems to meet sulphur emissions legislation…
