The International Windship Association (IWSA) has announced the shortlist, selected by shipping industry experts, for the inaugural Wind Propulsion Innovation Awards 2016 and voting is now open to everyone to select the winners in three categories – Innovation…
The Annual General Meeting of BOURBON shareholders held on May 26, 2016 approved the payment of the dividend for 2015 of €1.00 per share and that each shareholder can choose to receive the dividend either in cash or in new shares.The period for exercising the option ran from June 15…
The Indian state of Andhra Pradesh (AP) Andhra Pradesh will soon have a world class maritime university. AP has signed a Memorandum of Understanding (MoU) with Russia's State Marine Technical University to promote marine education and technology…
South Korea's largest shipping line Hanjin Shipping has sold its entire 21.3% stake in Tan Cang Cai Mep International Terminal (TCIT) in Vietnam to its affiliate in order to secure liquidity. The financially-troubled shipping line will raise about $33m from the sale…
Companies are becoming increasingly alive to the importance of cyber-security and the need to protect themselves against the risk of cyber-attacks; the marine sector is no exception, says Clyde & Co’s Shipping Newsletter. Earlier this year…
The role of shipping and ports as part of an integrated transport system was on the agenda at the Asia Europe Meeting (ASEM) Eurasia Expert Group Meeting on Transport and Logistics in Seoul, Republic of Korea (11-13 July). During the session on facilitation…
In a continued effort to provide increased reliability and quality service in a challenging environment, CMA CGM Group is strengthening its coverage of Europe to West Africa with the addition of the direct call in Cameroon on its EURAF 5 service…
Maritime design, engineering and risk management consultancy BMT Designers & Planners, a subsidiary of BMT Group, announced that its Vice-President, Rick Cox, has been appointed as the Environmental Committee Chairman for the Society of American Military Engineers (SAME)…
South Korean shipbuilder Hyundai Heavy Industries said on Wednesday that its affiliate aims to sell its brokerage unit Hi Investment & Securities by the end of this year. The affiliate, Hyundai Mipo Dockyard, holds an 85 percent stake in Hi Investment & Securities…
Over the July 2-3 weekend , 25 teams from companies across the maritime sector took part in the ultimate challenge, better known as the ‘24 Peaks Challenge’. In doing so, they succeeded in raising an incredible £110,000 ($146,000) in support of seafarers in need…
Benelux law firm AKD said it intends to open an office in Luxembourg to meet growing demand for integrated, international legal services in stable jurisdictions. AKD’s new office in Luxembourg will expand its corporate, tax, banking and finance…
Panama and Cuba, both in the midst of growth and international expansion, are examples of two different economic models that are helping to attract foreign companies through government initiatives providing investor security. Seeking to…
Jan De Nul Group signed a contract with Dong Energy from Denmark for the transport and installation of 36 monopiles and transition pieces for the offshore wind farm Borkum Riffgrund 2 in German territorial waters. Additionally, the Group was also awarded the supply…
Wood Group has been awarded an extension to its master service agreement (MSA) contract with Apache Corporation in the North Sea. Wood Group will continue to deliver subsea engineering and consultancy services, in support of Apache's routine operation and maintenance works…
Scientists from the Alfred Wegener Institute, Helmholtz Centre for Polar and Marine Research (AWI) have overcome a seeming weakness of global climate models. They had previously not been able to simulate the extreme warm period of the Eocene…
