KOTUG Australia and Teekay Shipping Australia Pty Ltd. have reached a deal to reshape KT Maritime Services Australia Pty Ltd. (KTM) from a 50/50 joint venture to a full subsidiary of the KOTUG group. KTM was incorporated in 2012 to serve the Australian towage market…
White House economic adviser Larry Kudlow on Thursday said he expects the United States and China to work out their trade differences over time and that trade barriers likely 'will come down on both sides.' 'There is a process here. There's going to be some back and forth…
Digital nautical charts and better communication at sea are some of the concrete solutions that can boost the development of the maritime sector.Danish Minister for Industry, Business and Financial Affairs, Brian Mikkelsen, is pleased with…
A new icebreaking research vessel built for the Norwegian governmental body for oceanographic research and fishing, was delivered this week in Norway. After the building process was completed at Fincantieri’s Integrated shipyard of Riva Trigoso and Muggiano in Italy…
Britannia has bolstered its underwriting presence with three appointments as part of the company’s growth strategy. The recruitment drive comes as the curtain falls on the 30-year underwriting career of Steve Myatt, who has decided to step down from his role as underwriting Director…
Dedicated to creating more sustainable shipping practices, the world renowned banana producer is further bolstering its fleet or Star Cool Integrated containers and adding more controlled atmosphere systems to deliver premium banana quality…
Team Tankers International announced that the acquisitions of Laurin Shipping AB and Anglo-Atlantic Steamship Company have been completed. The Bermuda-based chemical tanker company on 28 February 2018 and 23 March 2018 regarding its agreements…
Riverstone Holdings and The Carlyle Group jointly announce that they intend to sell HES International to a consortium of Macquarie Infrastructure and Real Assets (MIRA) & Goldman Sachs. Macquarie European Infrastructure Fund 5, which is managed by MIRA…
Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with SwissMarine Services S.A., Geneva, for one of its Newcastlemax dry bulk vessels, the m/v Los Angeles. The global…
Oslo based ship owner MPC Container Ships ASA said it has reached a deal to acquire SITC Makassar, a 2,496 TEU vessel built in 2006 in Germany. The vessel, to be renamed AS Patricia, will be acquired for $9.9 million, including initial working capital…
HudsonAnalytix, Inc. and its subsidiary HudsonCyber have completed a U.S. Maritime Administration (MARAD) Cargo Handling Cooperative Program (CHCP) grant to perform cybersecurity capability assessment workshops at three U.S. ports. HudsonAnalytix’s…
NETSCo president and CEO Richard A. Mueller has been nominated by his peers and approved by the Fellows Committee to be elevated to Fellow membership in the Society of Naval Architects and Marine Engineers (SNAME). Mueller has been a SNAME…
Crowley Logistics opened its newly expanded Medley warehouse in Miami this week to provide more seamless and efficient supply chain services to South Florida customers. The project, which began in November 2017, consolidates the company’s Medley…
Vedanta Resources, controlled by billionaire Anil Agarwal, and other miners can transport already mined iron ore from Goa on which royalties have been paid, India's top court ruled on Wednesday, providing relief to the state's miners.India's…
Euroseas Ltd. (NASDAQ: ESEA) an owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes, announced today the following chartering arrangements for two of its container carriers: a) EM Athens…
