Upward moves in the Capesize index are now starting to stall, according to Freight Investor Services (FIS). 'Last week we witnessed some short covering in the market which was supported by the technical picture, and this appears to be now drawing to a close…
Hyundai Heavy Industries (HHI), the world’s largest shipbuilder and a leading industrial plant EPC contractor,won $101.6 million worth of order to supply two vacuum vessel sectors (No.7, 8) for ITER (International Thermonuclear Experimental Reactor)…
Hapag-Lloyd AG (Hapag-Lloyd) and United Arab Shipping Company S.A.G. (UASC) have signed a Business Combination Agreement (BCA) to merge both companies, subject to the necessary regulatory and contractual approvals. Besides the Business Combination Agreement (BCA) between the two companies…
Carleen Lyden-Kluss, Co-Founder and Executive Director of North American Marine Environment Protection Association (NAMEPA) has announced that Transas has joined NAMEPA as a new member. Transas joins NAMEPA to support and participate with other…
Safe Bulkers, Inc., an international provider of marine drybulk transportation services, has announced that the company has agreed with Danish Ship Finance, to amend certain financial covenants and terms to its existing credit facility with an outstanding balance of US $40…
Blohm+Voss has appointed Jean-Gabriel Tridon as General Manager and Dieter Pladeck as Finance Director for its new maintenance and refit facility in La Ciotat in the south of France. The company has filled the two management positions only…
After the postponement of the much anticipated preview event in June, Maritime Skills Academy is excited to confirm the re-launch will now take place on September 8th ,2016. Giving the maritime industry a view of what is on offer at the iconic…
North West safety seal manufacturer Roxtec has launched a new company called Roxtec Services AB targeting North Sea marine and offshore markets.Roxtec Services AB was developed following sustained demand for equipment inspection on naval ships…
The takeover bid made by the PALFINGER Group for the Norwegian ship equipment supplier TTS Group ASA, listed on the Oslo Stock Exchange, was approved and published this morning by the Oslo Stock Exchange following a detailed review. PALFINGER aims to acquire 100 percent of the TTS shares…
The Board of Directors of Triyards Holdings Limited announced that Mr. Yeo Keng Nien has resigned as the Company Secretary of the Company with effect from 15 July 2016.The Board would like to thank Mr. Yeo Keng Nien for his contributions…
Philly Shipyard, a U.S. commercial shipyard constructing vessels for operation in the Jones Act market has announced acash dividend to be paid by PHLY. The schedule is as follows: Dividend amount: USD 0.25 per share…
Family and friends joined Chief of Navy, Vice Admiral Tim Barrett on the wharf at Garden Island, Sydney to welcome HMAS Darwin home from a successful Middle East deployment.During her Operation MANITOU rotation, Darwin and her Ship’s Company seized a large cache of illicit weapons and narcotics…
On July 15, 2016, Victoria International Container Terminal (VICT) signed a syndicated loan facility worth AUD 398 million (approximately USD 300 million) with seven leading global financial institutions, namely: Citibank N.A., KFW IPEX-Bank…
China will send more ships flying its flag to take the Northwest Passage via the Arctic Ocean to cut travel times between the Atlantic and Pacific oceans, says the state news agency Xinhua. The world's largest maritime carrier China COSCO…
Hyundai Merchant Marine (HMM) will start the process to appoint a new chief executive officer (CEO) when Hyundai Group loses control on Aug. 5, reports Korea Times quoting un-named industry sources. The challenged shipper will begin a new chapter in its 40-year history…
