Brunswick Commercial & Government Products (BCGP) has promoted Jeff Hubert to director of sales, responsible for product development initiatives and worldwide business development. Hubert joined BCGP in 2016, and has been serving as the company's regional sales manager for the Eastern U…
Total is in talks to buy a multi-billion dollar stake in Iran's partly-built liquefied natural gas (LNG) export facility, Iran LNG, seeking to unlock vast gas reserves.The French oil major -- the first of its peers to strike deals in Iran…
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, notched gains for the ninth straight session to end at a more than one-month high on Monday, helped by higher rates for panamax vessels.The index…
A company owned by the Nordic American Tankers Limited (NAT) Chairman & CEO, Herbjorn Hansson, and his son, Alexander, has purchased 75,000 NAT shares last week, adding to the position as one of the largest shareholders of NAT. The share price was $7.96 per share.
Martek Marine, the global maritime technology innovator, is leading calls to make the shipping industry safer for seafarers to mark European Shipping Week, taking place in Brussels this week. To encourage shipping companies to invest in improved healthcare for crew members…
Odfjell SE has announced the signing of long term charter agreements for two chemical tankers with stainless steel cargo tanks, for construction in Japan. The agreement includes two vessels of 35,500 dw tonnes and 28 stainless steel cargo tanks…
The Georgia Ports Authority and the Virginia Port Authority filed on Friday, Feb. 24, 2017, with the Federal Maritime Commission (FMC) to create the “East Coast Gateway Terminal Agreement.”The agreement encourages voluntary cooperation in the areas of operational and supply chain efficiencies…
The UK P&I Club continues to strengthen its presence in Europe, Middle East and Africa Region, with the announcement that Susanne Murphy has been appointed EMEA Regional Director. Murphy joined Thomas Miller in 1995 following a Master’s degree in Marine Law…
Qatar Navigation (Milaha), a maritime and logistics conglomerate based in Qatar, has reported a net profit of $195 million for the year ended December 31, 2016 compared to $300 million reported the previous year. The fall in the profit…
The labor unions of Hyundai Heavy Industries (HHI) downed tools in their first full strike since 1994, in protest to a sweeping restructuring plan that includes spinoff all non-shipbuilding operations as well as shutdown of a dock in Gunsan in southern coastal region…
The Caribbean Maritime Institute (CMI) will now gain university status, following the passage of legislation in both Houses of Parliament to effect this. Not a single senator opposed the bill to make way for the Caribbean Maritime Institute Act…
Mitsui O.S.K. Lines is investing in self-elevating platform vessel operator Seajacks International Limited (Seajacks) to move into offshore business following FPSO, FSRU, Shuttle Tanker, and Subsea Support Vessel. MOL has announced a plan to acquire a 5% share in Seajacks…
With the ClarkSea Index around $9,000/day, and many if not most of the major shipping markets under severe pressure, it’s hard to escape the conclusion that the shipping markets are a tough place right now, with limited pickings to share between owners…
TRAC Intermodal has introduced TRAC Select, a premium chassis pool fleeted with a wide array of specialty chassis and services to meet specific customer and marketplace needs. TRAC Select is designed to provide equipment choice to motor carriers…
U.K.-regulated ship insurers are preparing plans to open new outposts in European Union jurisdictions such as Luxembourg and Cyprus, fearing that Brexit will hinder access to the EU's financial market, industry sources involved say.Britain…
