Clay Maitland, managing partner of International Registries LLC (which administers the Marshall Islands ship registry), Founding Chairman of the North American Marine Environment Protection Association (NAMEPA), member of the United States…
Moore Stephens has further strengthened its regulatory advisory capability with the appointment of John Westlake as compliance manager.John Westlake has a broad perspective of the insurance industry acquired through a variety of roles, which…
The TK Foundation has announced the approval of eight grants totalling nearly $2 million. The TK Foundation is a strong funding vehicle for maritime programs and youth development. Its maritime grant-making program is proactive, inviting maritime…
Global transportation provider SBS Worldwide has appointed Certified Public Accountant Don Colter as Vice President of Finance, USA.In his new role, Mr. Colter is tasked with strengthening the financial function of the company’s US business…
The U.S. Environmental Protection Agency released interim guidance for ship owners and operators clarifying how the U.S. government will implement fuel availability provisions when ships are unable to obtain fuel that meets standards protecting against sulfur pollution along the coast…
Silt accumulation and dredging that's been postponed for years have prevented the full use of U.S. waterways and ports, maritime industry leaders said last month. Hundreds of U.S. ports and harbors are meant to be maintained by the U.S. Army Corps of Engineers to foster navigation…
Demolition Prices for elderly ships have fallen by a quarter in 2012 to date, and owners are encouraged to dispose of recycling candidates sooner rather than later, says Mark Williams of Braemar Seascope. Addressing the 7th Annual Ship Recycling Conference in London on 19th June…
The American Club reported positive developments during 2011, and into the first half of 2012, at yesterday’s annual meeting of its members in New York. Its business had made steady progress, notwithstanding the challenges which continued to confront the global economy in general…
BOURBON announces the establishment of new financing for a total of 420 million euros.The financing takes the form of a new Club Deal for a total of 240 million euros with a syndicate of 8 French banks on one hand and on the other hand BOURBON’s…
More than $335 billion worth of expenditure is expected over the next five years on offshore oil & gas operations & maintenance (O&M), according to a new report, The World Offshore Operations & Maintenance Market Forecast 2012-2016, by Douglas-Westwood (DW)…
According to a report on Yonhap News, South Korea's shipbuilding industry will possibly start to turnaround in 2014.The news agency cited findings from the BOK report forecast that the SBI (the shipbuilding business index) will rise to 98…
Descartes Signs Definitive Agreement to Acquire Integrated Export Systems Business; Adds a Robust Freight Forwarder and Customs Broker Community Specializing in Processing Shipments Originating in Asia.Descartes Systems Group, the global…
Box Ships Inc. Enters Into Agreement To Acquire Two Vessels From OOCL And Related Financing Transaction; public offering of preferred shares and warrants commenced. Box Ships Inc. (NYSE: TEU) (the 'Company'), a global shipping company specializing in the seaborne transportation of containers…
The West Coast MTO Agreement (WCMTOA) today announced a 2.5 percent increase in the Traffic Mitigation Fee (TMF) at the Ports of Los Angeles and Long Beach, in order to address labor cost increases scheduled to take effect on July 1, 2012. Beginning August 1…
New A&B Will Have a Well-Capitalized Balance Sheet Providing Strong Liquidity and Financial Flexibility; Receives Favorable IRS Ruling on Tax-Free Nature of Planned Separation. Alexander & Baldwin Holdings, Inc. (NYSE: ALEX) ('Company')…
