With immediate effect, Kistler is taking over Schatz AG in Remscheid (Germany) and its U.S. sales and service company, Schatz USA, Inc., Holly (MI). This acquisition gives the Kistler Group new potential applications in quality assurance in industrial manufacturing…
Aberdeen-headquarted subsea cable and connector specialist Hydro Group plc announces multiple Asia Pacific Business Partner agreements as the firm continues strategic growth in the region. As part of international expansion plans in 2013 the firm formed its Singapore based division…
Presenting its financial results for the first quarter ended 31 March 2016 today Vard Holdings Limited announced a net profit of NOK 43 million for the period, as compared to a loss of NOK 226 million a year back. Over the past quarter,…
A new Georgia-based company called PortFresh Logistics has announced plans to build a 100,000 square-foot cold treatment facility dedicated to perishable cargoes imported through the Port of Savannah. The facility, slated to open in late summer 2016…
Chemical tanker shipping freight rates are expected to remain firm over the medium term, thanks to rising production capacity in key exporting countries, according to the latest edition of the Chemical Forecaster, published by global shipping consultancy Drewry…
Cash-strapped South Korean shipbuilder Hanjin Heavy Industries & Construction (HHIC) has signed a memorandum of understanding (MOU) with its creditors to receive a KRW 120bn ($103m) cash injection, and will sell off property and businesses worth KRW 2tr ($1…
French container shipping giant CMA CGM now owns 10.07% of its takeover target Singapore's Neptune Orient Lines (NOL) as open share buys continue on a near daily basis. The European Commission has approved CMA CGM's $3.38 billion acquisition of NOL…
China’s Cosco Pacific Ltd. will buy 35 percent of Euromax Terminal Rotterdam BV for 125.4 million euros ($143 million) for shares and loans amid an overseas expansion drive by Chinese companies.Euromax is indirectly owned by Hutchison Port Holdings Ltd…
International container carrier focused on trade to and from Africa, West and Central Asia, Safmarine will move its head office to Cape Town, South Africa, thereby returning to its roots. Safmarine was acquired by Maersk Line in 1999. Since 2012…
Flag state and port state roles in ratifying, implementing and enforcing the convention prohibiting the use of harmful antifouling systems on ships (AFS Convention) are on the agenda at a regional workshop held in Jeddah, Saudi Arabia, May 10-11…
Wisconsin’s H.O. Bostrom Company, Inc. is one of three statewide recipients of the 2016 Governor’s Export Achievement Award, which recognizes their success in global business development. The awards honor businesses that have achieved significant…
Henrique M. Gaspar has been announced as the winner of the DNV GL COMPIT Award 2016. The Brazilian CAD (computational aided design) expert, working at NTNU Ålesund, was honored for his work on merging innovative digital technologies in ship design and operation at the COMPIT Conference…
Direct ChassisLink, Inc. (DCLI) announced that Debbie Cohen has joined the company as Vice President of Sales - Steamship Lines, reporting to CMO Jeremy Haycock. As Vice President, Sales – Steamship Lines, Cohen will head up the Steamship Line Vertical…
Carnival Corporation & plc announced today that its Arison Maritime Center in the Netherlands will honor the legacy of the Arison family who founded and grew the company into the world’s largest cruise line operation. The company also announced…
The pressure on the industry is tremendous. On the one hand, the tough situation in the market forces shipping companies to keep the prices for their services at competitive levels, which mainly means they have to increase efficiency and reduce fuel consumption…
