The latest round of funding under the Skilling Australia’s Defence Industry (SADI) initiative was announced today by Minister for Defence, Senator David Johnston.Senator Johnston said more than $5 million in funding would be made available…
Marathon unit Speedway to buy the business Deal to give Speedway gas stations, East Coast stores Marathon shares up slightly, Hess up 1.8 percent Refiner Marathon Petroleum Corp said it would buy oil and natural gas company Hess Corp's retail and transport business for $2…
An attorney for Texas' leading power company, the bankrupt Energy Future Holdings, told a court hearing on Thursday that it will delay seeking court approval of a restructuring support agreement that lays a path out of Chapter 11.At the…
Drydocks World and Dubai Maritime City (DMC) is supporting the 'Green Economy for Sustainable Development' initiative launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President of UAE and Ruler of Dubai. As part of this initiative…
ITIC has issued a warning to shipping and transport intermediaries about a scam currently being perpetrated whereby pre-funded port costs are being diverted to a fake bank account.In each case the party due to make the payment has received…
The TT Club has appointed Robert Kempkens as claims director. Based in London, he will be responsible for overseeing global claims handling for the TT Club.Robert joined the TT Club in 2006, becoming Regional Claims Director for Europe, Middle East and Africa in 2010…
Entries are now being accepted for the inaugural SHIPPINGInsight Award, to be presented during the SHIPPINGInsight 2014 Fleet Optimization Conference, Sept. 30 through Oct. 2, 2014 in Stamford, Conn. The award will honor a ship operating…
Q1 2014 revenue up 7% over Q1 2013 to US$ 89.4 million as a result of the expansion of the core vessel fleet and high vessel utilization.Topaz Energy and Marine has announced the results of its subsidiary Nico Middle East Ltd. (“NMEL”) for the three months ended 31 March 2014 (“the period”)…
Braemar Shipping Services will buy fellow British shipbroker ACM Shipping Group in the latest industry shake-up as players look to grow after years of freight market turmoil.In the biggest deal to date, Braemar, whose businesses include ship broking…
Russia's top oil producer Rosneft has issued tenders to sell 876,000 tonnes of vacuum gasoil (VGO) out of the Baltic Sea and the Black Sea between July and December, traders said on Tuesday. One tender calls for bids to buy up to 540,000…
Dry bulk shipping market prospects improving Time charter deals on ships becoming more attractiveGlobal miners and commodity traders are using multiple strategies to lock in favourable rates for shipping costs, anticipating a freight market recovery after years of turmoil…
Steamship Mutual has released its financial results following approval of its 2013/14 Report & Accounts by the Board of the Club.The club achieved a financial year combined ratio of 96.7%, whilst maintaining a low risk investment strategy…
NewLead Holdings Ltd. (NASDAQ: NEWL) said that 'Newlead Albion', a 2012-built dry-bulk eco-type Handysize vessel of 32,318 dwt, was delivered to NewLead's fleet on Monday, May 19, 2014.The Newlead Albion is trading on the spot market and is expected to generate $2…
Nordic Shipholding A/S has been informed that Pacific Alliance Group (“PAG”), which controls Nordic Shipholding’s majority shareholder, Nordic Maritime S.á r.l., has entered into an agreement with BW Group regarding the establishment of a joint…
In the first quarter of 2014 total throughput in the Port of Hamburg reached 35.6 million tons, representing 8.6 percent growth. Both general cargo throughput totalling 25.2 million tons (+ 10.8 percent), and bulk cargo throughput at 10.4 million tons (+ 3…
